Via MTA on Flickr
After a six-month development process, which included working with over 2,000 commuters, the Metropolitan Transportation Authority launched on Monday a smartphone app that offers real-time updates for the subway, buses and trains, as well as trip planning options and service updates. Because the app, called MyMTA, is a beta version, the MTA is asking for feedback from straphangers about the app’s functions and what needs to be added or improved. The authority also gave their website a much-needed upgrade, with a more sleeker web interface.
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Photo via Phil Hollenback/Flickr
It’s the end of an era but one that might not be too sentimental. As of May 2019, the MTA is launching its new fare payment method for the 4, 5, and 6 lines and all bus routes on Staten Island, reports amNY. No more steel bars karate chopping your abdomen when you realize your MetroCard is out of credit. Starting next spring, riders can use credit cards, mobile phones, smart watches, and mobile wallets to travel… but you’ll still be able to swipe your old MetroCard until 2023. Read more
Uber has lofty goals- literally. 6sqft previously reported on the ride-sharing company’s partnership with NASA to develop software to operate their “flying Ubers” for uberAIR by 2023. Clearly, flying Ubers need somewhere to takeoff and land, so yesterday, at their second annual elevate conference in Los Angeles, the company revealed the top six Skyport conceptual designs that are just as futuristic as the flying taxi concept itself.
Could these land in NYC?
Via Wiki Commons
Move over Chicago, you’re no longer the only windy city – Brooklyn is about to get its own wind. Deepwater Wind, the nation’s leading wind-power developer, intends to build an assembly hub in Sunset Park to support the nation’s future largest offshore wind farm 30 miles east of Montauk (h/t Brooklyn Daily Eagle). This project is part of Governor Cuomo’s ambitious “Clean Energy Standard,” which intends to generate 50 percent of the state’s electricity supply from renewable sources by 2030. The Brooklyn factory is expected to generate $80 million in economic activity and create hundreds of jobs for the area.
Image © Mengyi Fan
Pixel architects, Oliver Thomas and Keyan Rahimzadeh, designed “pixel façade,” a flexible biophilic façade system for the next generation of offices, acknowledging millennials strong desire to be happy in a conducive, natural workplace. Inspired by a Metals in Construction competition challenge, the duo designed a hypothetical building in Williamsburg with a strong connection to nature to house tech startups. Thomas told designboom: “the idea was to propose conceptual but realistic ideas for built products for the future.”
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NYC skyline via Pexels; Bitcoin via Pexels
Just when you think you understand the world of cryptos, all you understand is how little you know. And when you do actually master a topic, it will change. Which is why to get you started, we’ve put together a 101 guide to cryptocurrencies and real estate transactions. From the technology behind digital currencies such as Bitcoin to their risks, the real estate market is ripe for potential when it comes to this burgeoning market.
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Photo via Wally Gobetz/Flickr
Cryptocurrencies make the wild west look tame. Yet despite their volatility, they’re becoming more of a presence in NYC real estate. Five days ago, when we reported on the first Bitcoin closings in Manhattan, the value of Bitcoin was $8,592. It is currently $7,999. According to a CNBC report, Chimera, a group of foreign investors interested in buying the Plaza Hotel, is considering offering partial payment for the transaction in a new cryptocurrency. Chimera has proposed the creation of the “Plaza Token,” an asset-backed securitized token, to raise more than $375 million. They are being advised about this initial coin offering by a company called Securitize. “This would give cryptocurrency investors the chance to diversify into luxury real estate and receive certain concessions inside the Plaza Hotel,” CNBC reports.
389 East 89th Street © Evan Joseph and an image of Bitcoin via Pexels
Yesterday, the New York Post reported that real estate developer Ben Shaoul of Magnum Real Estate Group has two units under Bitcoin contract at 389 East 89th Street–the first condos to use the payment method in NYC. One unit is a 624-square-foot studio that was asking $875,000, and the second is a 989-square-foot one-bedroom plus den that was asking $1.48 million. And according to Brick Underground, there are already a few very entrepreneurial landlords Brooklyn accepting Bitcoin for rent payment.
What does the future of Bitcoin and real estate look like?
The Metropolitan Transportation Authority (MTA) has announced the winners of the agency’s MTA Genius Transit Challenge; eight winners will split a $1 million prize for their ideas and concepts on how to upgrade the city’s creaky and complaint-riddled subway system. The contest is part of an effort to bring the subway’s capacity and reliability up to speed. The challenge is a joint venture between the MTA and Partnership for New York City. The challenge received over 400 submissions from around the world.
Check out these genius ideas
Architecture firm RB Systems has just published a set of renderings that explore the new supertall tower typology that’s been gaining popularity in New York City in recent years. First spotted by New York Yimby, the “New York’s Super Slender” tower in the renderings is shown on a small (only 30 meters by 30 meters) vacant West Midtown site at 265 West 45th Street. The tower was designed to squeeze onto a 98-foot wide lot, which would put it among New York City’s most slender towers. Rising 1,312 feet high, the theoretical building would provide modern, ergonomic, sustainable office spaces. The project reflects a likely path for skyscraper design in the coming years, when the city’s towers will need to meet the challenges of dense city centers and a dearth of large vacant lots coupled with a demand for new properties.
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