All articles by Devin Gannon

Billionaire Ken Griffin buys $240M NYC penthouse, the most expensive home sold in the U.S.

Via Vornado Realty Trust and Robert A.M. Stern Architects

January 23, 2019

Billionaire Ken Griffin buys $240M NYC penthouse, the most expensive home sold in the U.S.

By Devin Gannon

Update 1/29/19: The penthouse officially closed on January 23, 2019, for $239,958,219, more than was originally reported. Billionaire Ken Griffin has closed on a penthouse at 220 Central Park South for $238 million, setting the record for the most expensive home ever sold in the United States, as the Wall Street Journal first reported. Griffin, who founded Citadel, first signed the contract to buy a 24,000-square-foot unit at the under-construction tower in 2015. The hedge fund mogul reportedly picked up the pricey digs as "a place to stay when he's in town," since his company is looking to expand its footprint in New York City.
More on record-breaking deal

Real Estate Trends

Late playwright Neil Simon’s three apartments at the Ritz Tower are for sale

January 23, 2019

Late playwright Neil Simon’s three apartments at the Ritz Tower are for sale

By Devin Gannon

A group of apartments in Midtown owned by late Broadway playwright Neil Simon are on the market, the Wall Street Journal reported on Wednesday. The three apartments are in the Ritz Tower, an Emery Roth-designed 42-story building in Midtown East and range in price from $1.5 million to $2.8 million. Simon, a Pulitzer Prize-winning writer who was best known for plays like "The Odd Couple," died at age 91 last August.
Take a look around

Second-tallest tower in the Western Hemisphere may rise across from St. Patrick’s Cathedral

Tower Fifth rendering by TMRW courtesy Gensler

January 23, 2019

Second-tallest tower in the Western Hemisphere may rise across from St. Patrick’s Cathedral

By Devin Gannon

The developers behind the distinct supertall at 432 Park Avenue want to take a second shot at altering New York City's skyline. Harry Macklowe submitted a preliminary application to the city's planning department for a 1,551-foot-tall skyscraper between 51st and 52nd Streets in Midtown across from St. Patrick's Cathedral, the New York Times reported. If the city approves the project, Tower Fifth, the name given to the proposed tower by Macklowe Properties, would become the second-tallest building in the Western Hemisphere.
See inside the proposed supertall

VIDEO: See a time-lapse of the TWA Hotel being constructed at JFK

Photo by Max Touhey

January 23, 2019

VIDEO: See a time-lapse of the TWA Hotel being constructed at JFK

By Devin Gannon

Officially in its final months of construction, the TWA Hotel is nearing touchdown at John F. Kennedy Airport. Led by MCR and Morse Development, the repurposing of Eero Saarinen's TWA Flight Center into a 512-room hotel and event space is set to wrap up this spring. And while 6sqft has followed the exciting project's progress since it broke ground in 2016, a time-lapse video recently released by the developers show how the two, six-story hotel wings have taken shape behind Saarinen's iconic TWA Flight Center over the last two years.
Watch the time-lapse

Thousands of NYCHA residents had no heat or hot water on dangerously cold day

Over 2,800 residents at the Bushwick Houses in Brooklyn lost heat and/or hot water on Monday; via Flickr

January 22, 2019

Thousands of NYCHA residents had no heat or hot water on dangerously cold day

By Devin Gannon

In what has become an all-too-familiar story, thousands of public housing residents in New York City were without heat and hot water on Monday, when temperatures dropped to single digits. On the coldest day of the year, the New York City Housing Authority (NYCHA) reported nearly 12,000 residents were experiencing heat and hot-water outages. A similar service disruption occurred roughly one year ago; during two weeks of brutal cold and a major snowstorm, the city had received 22,000 heat and hot water complaints, with a majority of those from NYCHA developments.
More here

Bronx icons radiate light in Rico Gatson’s murals at reopened 167th Street station

Beacons (2018) © Rico Gaston, NYCT 167th Street Station. Commissioned by MTA Arts & Design. Audre Lorde portrait derived from a photo by Jack Mitchell

January 22, 2019

Bronx icons radiate light in Rico Gatson’s murals at reopened 167th Street station

By Devin Gannon

A series of bright mosaic murals created by artist Rico Gatson was revealed last week at the 167th Street B, D station in the Bronx, which recently reopened after months of repair work. The artwork, "Beacons," features eight portraits of figures who have contributed to culture and society and who also have a special connection to the broader New York City community. Figures honored include Gil Scott-Heron, Tito Puente, Celia Cruz, Audre Lorde, James Baldwin, Maya Angelou, Reggie Jackson, and Sonia Sotomayor.
See the artwork

NYC will lose $500M monthly if government shutdown continues

Via Michael Appleton/ Mayoral Photography Office on Flickr

January 18, 2019

NYC will lose $500M monthly if government shutdown continues

By Devin Gannon

If the federal government shutdown continues into March, the city will lose $500 million monthly, Mayor Bill de Blasio warned Thursday. Without funding for federally funded government programs, more than two million New Yorkers could lose access to vital benefits, including food stamps, Section 8 vouchers, and public school lunch. The shutdown, now the longest in history, began last month after Congress failed to reach an appropriations deal and as President Donald Trump refuses to withdraw his request for a $5.6 billion border wall.
More this way

L train shutdown is really cancelled this time, MTA says

January 18, 2019

L train shutdown is really cancelled this time, MTA says

By Devin Gannon

"The total shutdown of both tunnels and all service scheduled for April 27 will not be necessary," reads a statement from the Metropolitan Transportation Authority released Thursday. The announcement comes just a few days after the MTA held an "emergency" meeting to present the agency's board with information about the new L train plan ahead of a vote on the project. But it appears the MTA will argue that the new plan, which would not require a total shutdown of subway service, does not need board approval to move forward after all.
More here

LPC approves sky bridge between landmarked Williamsburg church and new residential tower

Via Syndicate Architecture and Li/Saltzman Architects for LPC

January 17, 2019

LPC approves sky bridge between landmarked Williamsburg church and new residential tower

By Devin Gannon

The Landmarks Preservation Commission on Tuesday approved a plan to build a sky bridge between a historic 19th-century church in Williamsburg and a neighboring residential tower. The new mixed-use building is currently under construction at 304 Rodney Street, next to the landmarked St. Paul's Evangelical Lutheran Church. As Brownstoner reported, commissioners expressed concern over the financial feasibility of the project and whether proceeds from the sale of the church's air rights would be enough to cover the substantial work planned.
More here

Where I Work: How design firm ICRAVE makes memorable experiences at its Nomad studio

6sqft’s series “Where I Work” takes us into the studios, offices, and businesses of New Yorkers across the city. In this installment, we’re going inside innovative design firm ICRAVE’s Nomad studio. Want to see your business featured here? Get in touch!

January 17, 2019

Where I Work: How design firm ICRAVE makes memorable experiences at its Nomad studio

By Devin Gannon

According to the founder of hospitality design firm ICRAVE, Lionel Ohayon, it’s not about the materials used in a project, but the memories created. “I always say, people may hate or like our spaces, but the most important thing is that they remember them,” the Toronto-native told us. Through design, the innovative studio focuses on creating memorable experiences for its clients, a long and varied list that includes the Dallas Cowboys and Memorial Sloan Kettering Cancer Center. The firm’s mission is ingrained in the culture at ICRAVE, a 40-member team consisting of graphic designers, architects, and public relations pros, an office where creativity is fostered through a mixture of collaboration and independence. The open layout of the studio makes this work culture possible, with custom-designed doors and partitions to transform the space into however necessary. On a recent tour of ICRAVE’s studio near Madison Square Park, Ohayon told 6sqft about the firm's wide range of projects and how his team turns ideas into unforgettable adventures.
See iCRAVE's studio and meet Lionel

Where I Work

Popular Articles

NYC added a record-breaking 34,160 affordable homes in 2018

Via CC

January 16, 2019

NYC added a record-breaking 34,160 affordable homes in 2018

By Devin Gannon

The city created and preserved 34,160 affordable homes in 2018 alone, 40 percent more than the record set last year, Mayor Bill de Blasio announced on Wednesday. And, according to the mayor, 10,099 new homes were financed last year, another record for new construction in the city. The additional homes fall under de Blasio's Housing New York 2.0, which aims to create and preserve 300,000 affordable homes by 2026. To date, the housing plan has helped finance nearly 122,000 affordable apartments since 2014.
Get the details

Pay tribute to your family’s heritage at Ellis Island’s American Immigrant Wall of Honor

January 16, 2019

Pay tribute to your family’s heritage at Ellis Island’s American Immigrant Wall of Honor

By Devin Gannon

There's a steel wall in the Hudson River that celebrates immigrants, the only place in the United States where heritage can be honored at a national monument. The American Immigrant Wall of Honor first opened on Ellis Island in 1990 to recognize the country's many immigrants and to raise money for the site's National Museum of Immigration and the Statue of Liberty. Currently, there are 770 panels engraved with the names of nearly 775,000 immigrants. But spots on the wall are filling up, as the New York Times reported on Wednesday. Just five panels remain empty, enough space for roughly 3,300 names.
No, not that wall

City Living

Five years ago, transit officials rejected L train plan similar to Cuomo’s over safety concerns

January 15, 2019

Five years ago, transit officials rejected L train plan similar to Cuomo’s over safety concerns

By Devin Gannon

Earlier this month, Gov. Andrew Cuomo shocked New Yorkers when he called off the 15-month shutdown of L-train service, part of the plan to fix the Canarsie Tunnel which had been in the works for years. Instead, the governor, along with an expert panel of engineers, presented a new, never-been-done-before plan that would require less construction in the century-old tunnel. But the New York Times reported on Tuesday that a similar plan was rejected by the Metropolitan Transportation Authority nearly five years ago over safety and feasibility concerns.
More here

173-unit project planned for the Greenpoint waterfront moves forward

Previous rendering by Young Kim for Atlantis Arts Studio/ Quadrum Global

January 15, 2019

173-unit project planned for the Greenpoint waterfront moves forward

By Devin Gannon

New permits were filed this month for a 14-story development on the Greenpoint waterfront, a residential project 6sqft first reported on over two years ago. According to the documents filed with the city's Department of Buildings, 173 units are planned for the Brooklyn development at 53 Huron Street, which faces the East River and stretches a block to West Street (h/t YIMBY).
Details here

Emergency MTA meeting on Cuomo’s L train plan set for Tuesday

Via Gov. Cuomo’s Flickr

January 14, 2019

Emergency MTA meeting on Cuomo’s L train plan set for Tuesday

By Devin Gannon

The Metropolitan Transportation Authority on Tuesday will hold an emergency public meeting for its board to review Gov. Andrew Cuomo's L train reconstruction proposal. Earlier this month, the governor unexpectedly presented a new plan to fix the Carnasie Tunnel that would not require it to close for 15 months and halt L train service between Manhattan and Brooklyn, but instead be repaired on nights and weekends. The MTA board is expected to question the agency on the feasibility of the new plan, which was announced by Cuomo just three months before the shutdown was set to begin in April.
Find out more

Transit

Amazon could be the Chrysler Building’s new tenant

Via Creative Commons

January 14, 2019

Amazon could be the Chrysler Building’s new tenant

By Devin Gannon

Amazon is close to reaching a deal to lease 10,000 square feet at the Chrysler Building, the New York Post reported on Sunday. News of the impending lease comes less than a week after it was reported that the Art Deco landmark is up for sale. Amazon announced in November plans to open a massive office complex in Long Island City to serve as their "HQ2." The company will start moving to the neighborhood this year, temporarily leasing space at One Court Square, a 50-story building with incredible views of the Manhattan skyline.
More here

Real Estate Trends

Odds of winning an affordable housing lottery in NYC are better than you think

Via public domain

January 11, 2019

Odds of winning an affordable housing lottery in NYC are better than you think

By Devin Gannon

While applying for affordable housing lotteries in a city with millions of applicants seems daunting, paying below-market rent in New York City is enough of an incentive to persevere through the process. Especially since it's not totally unattainable. The New York Times reported on Friday that in 2018, the odds of winning an affordable apartment through a lottery were 1 in 592. Those are actually better chances for those applying now rather than for applicants in 2016 when the odds were about 1,000 to 1.
More this way

Affordable Housing

De Blasio creates new office to protect NYC tenants from landlord abuse

January 11, 2019

De Blasio creates new office to protect NYC tenants from landlord abuse

By Devin Gannon

Mayor Bill de Blasio on Thursday created a new city office to protect tenants from landlord abuse. During his State of the City address, de Blasio signed an executive order to form the Mayor's Office to Protect Tenants, which will lead the city's anti-harassment and outreach initiatives across multiple agencies. The mayor warned that the "city's worst landlords will have a new sheriff to fear," referring to the new oversight office.
Get the details

Policy

Staten Island, Coney Island to be added to NYC Ferry system

Via NYC Ferry

January 10, 2019

Staten Island, Coney Island to be added to NYC Ferry system

By Devin Gannon

The city will launch two new ferry routes by 2021, Mayor Bill de Blasio announced Thursday during his State of the City address. Staten Island and Coney Island will be added to the NYC Ferry system, providing a much faster commute to Manhattan for outer-borough New Yorkers. "It shouldn't be this hard to get around in the greatest city in the world," de Blasio said. "And so we’re giving people more and better options." With the addition of the Staten Island route, all five boroughs will be a part of the NYC Ferry system by next year.
Get the details

Transit

De Blasio promises to increase NYC bus speeds and number of designated lanes

January 10, 2019

De Blasio promises to increase NYC bus speeds and number of designated lanes

By Devin Gannon

Significant improvements will be made over the next two years to the New York City's outdated bus system, Mayor Bill de Blasio is expected to announce during his State of the City address on Thursday. A report released by City Comptroller Scott Stringer in 2017 found the city's buses run at the slowest pace in the nation among large cities, traveling at just 7.4 miles per hour on average. The mayor aims to increase the bus speeds by 25 percent to just over 9 miles per hour by the end of 2020, as amNY first reported.
More this way

Lottery launches for 52 affordable units at a beachfront rental in Coney Island, from $759/month

Rendering via Concern for Independent Living

January 9, 2019

Lottery launches for 52 affordable units at a beachfront rental in Coney Island, from $759/month

By Devin Gannon

An affordable housing lottery launched on Wednesday at a mixed-use development located in Coney Island one block from both the beach and the recently-landmarked Riegelmann Boardwalk. The nine-story development at 3003 West 21st Street, dubbed Surf Vets Place, offers residents a 24-hour attended lobby, sun terrace, a fitness center, computer lounge, and party rooms. Qualifying New Yorkers earning 50 and 60 percent of the area median income can apply for the apartments, ranging from a $759/month one bedroom to a $1,289/month three-bedroom.
Find out if you qualify

Affordable Housing

Council bill would require NYC developers to disclose relationships with public officials

January 9, 2019

Council bill would require NYC developers to disclose relationships with public officials

By Devin Gannon

Real estate developers would be required to disclose prior relationships with politicians before signing any deals with the city under a new bill being introduced Wednesday by Council Member Ben Kallos. The legislation would also make developers reveal their ownership interests and their Minority Women Business Enterprise status. "Well-connected developers should not be getting sweetheart deals on the taxpayer's dime," Kallos said in an email.
About the bill

Policy

The Chrysler Building is for sale

Via Creative Commons

January 9, 2019

The Chrysler Building is for sale

By Devin Gannon

New York City's iconic Chrysler Building is on the market. The owners of the 1930 Art Deco landmark, Tishman Speyer Properties and the Abu Dhabi Investment Council, have hired real estate firm CBRE Group to sell the property, the Wall Street Journal reported Wednesday. The Abu Dhabi government purchased its majority stake in the Chrysler for $800 million in 2008, but real estate experts told the WSJ it would be difficult to recover.
Details here

Real Estate Trends

Lin-Manuel Miranda and NYC team up to save Theater District’s 100-year-old Drama Book Shop

Via Google Street View

January 8, 2019

Lin-Manuel Miranda and NYC team up to save Theater District’s 100-year-old Drama Book Shop

By Devin Gannon

One of New York City's go-to spots for thespians and Broadway lovers will remain open after all, the New York Times reported Tuesday. Lin-Manuel Miranda and three "Hamilton" associates, along with the city, have purchased the Drama Book Shop, saving it from impending closure. The independent bookseller announced in October it would have to close its doors due to rising rents in the Times Square neighborhood. But with investment from Miranda and his team, and the Mayor's Office of Media and Entertainment (MOME), the Drama Book Shop will reopen this fall at a new location within the theater district.
More here

Uncategorized

Sales launch at Brooklyn Heights library-replacing condo tower, from $1.1M

Renderings via Noe and Associates/ The Boundary

January 8, 2019

Sales launch at Brooklyn Heights library-replacing condo tower, from $1.1M

By Devin Gannon

Nearly four years after the Brooklyn Public Library announced the sale of its Brooklyn Heights branch, sales have started at the 38-story condo building that replaced it. The Hudson Companies, the developer who bought the site in 2015 for $52 million, launched on Tuesday sales for 133 one- to five-bedroom residences at One Clinton, ranging in price from $1.088 million to roughly $5.26 million for a four bedroom. Five-bedroom and penthouse pricing will be released in the coming months.
See inside

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