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Photo via Wikimedia
The Chinese government has taken control over debt-ridden Anbang Insurance Group, a Beijing-based firm known for snatching up prominent properties around the world for billions of dollars. One of those high-profile properties includes New York City’s iconic Waldorf Astoria, which the group purchased for $1.95 billion in 2014. According to the New York Times, the government takeover comes after Abang violated regulations, although the exact violations committed are unclear so far. Anbang will be overseen for one year by a group that includes China’s central bank, the country’s securities and banking regulator, the regular of foreign exchanges and other government agencies.
In a 1900-era loft-building on a bustling West Soho block, this full-floor loft co-op at 459 West Broadway spans 3,150 square feet of brick-lined, impossibly high-ceilinged living space. On the market for $6.35 million, the three-bedroom loft has all the old-school historic details that are often copied but increasingly rare in the era of the celebrity-filled loft condo.
270 Park Avenue via MikePScott’s Flickr
Plans to replace JPMorgan Chase’s current headquarters at 270 Park Avenue with a much taller tower at the same site is facing opposition from architecture and preservation buffs, shortly after the proposal was announced. Not only will the project become the largest intentionally demolished building in history, as YIMBY reported, the landmark-worthy Union Carbide Building was also designed in 1960 by Natalie de Blois, a pioneer of American architecture and one of the few female senior designers at that time. As the first project under the Midtown East rezoning, JPMorgan Chase’s existing 700-foot tall structure will be bulldozed to make way for a tower that will most likely be over 1,200 feet tall.
New York’s iconic Flatiron building, built in 1902, gets plenty of attention for its distinctive, triangular design. But the massive restaurant that operated out of the landmark’s basement–known as The Flat Iron Restaurant and Cafe–has seemingly been lost to the ages. The basement restaurant allegedly could seat up to 1,500 guests. And by 1906, Madison Square had transformed from a desirable residential neighborhood for the city’s elite, as it had been in the Gilded Age, to a bustling commercial hub. The lengthy menu reflects that, with offerings that include affordable dishes of shellfish, meats, and sandwiches.
Image courtesy of Extell/One57
Founder and CEO of Dell Technologies, Michael Dell, was revealed as the buyer of the sprawling penthouse at One57 for $100.47 million, the most expensive home ever sold in New York City. According to the Wall Street Journal, Dell first entered a contract to buy the unit in 2012 when the Billionaires’ Row building, located at 157 West 57th Street, was still under construction. He closed the transaction through a limited liability company in 2014.
Actor Matthew Morrison of “Glee” fame must really want to part ways with his Chelsea condo because he and his wife Renee have just listed the two-bedroom at 540 West 28th Street for $2.495 million, according to People, barely more than the $2.25 million they bought it for in 2014. The couple was using the two-bedroom corner unit as a pied-a-terre while Morrison starred on Broadway in “Finding Neverland” from 2015-2016, but after welcoming their first child, a son named Revel, four months ago, they may be looking to reprioritize.
Photo of Christie Brinkley via Wikimedia
Supermodel Christie Brinkley recently picked up a penthouse in Tribeca for $29,500 per month while two of her Hamptons estates are still on the market. The gorgeous 3,000-square-foot apartment at 475 Greenwich Street boasts floor-to-ceiling windows, two terraces and incredible views of the Hudson River. Although Brinkley has called the Hamptons home for decades, one of her Sag Harbor estates is currently listed for $20 million and another, a little further down, for $29.5 million, as Variety reported.
The West Village co-op 92 Horatio Street is featuring a duplex apartment up for rent, and it’s got lots of personality. This unit is decked out with dark wood beamed ceilings, two brick fireplaces, and a spiral staircase taking you up to a private roof terrace. The one bedroom also boasts some extra space in the form of a home office. There have been no shortage of quirky co-ops up for sale in this building, but this one is up for rent asking $6,500 a month.
Although Mayor Bill de Blasio announced last year new mandates to force building owners to reduce greenhouse gas emissions as a way to fight climate change, a Dallas-based architecture firm has taken the idea of sustainable design to the next level. During last month’s International Builder’s Show, Humphreys & Partners presented a conceptual plan for a mixed-use project on Manhattan’s waterfront. In Pier 2: Apartment of the Future, the architects tackled major issues prevalent in many cities, like affordability and energy efficiency (h/t Curbed NY). The futuristic proposal includes two towers with modular and micro-units, which would boast futuristic amenities like artificial intelligence, drones, home automation and more.