City will preserve 670 affordable apartments in ‘high-cost’ neighborhoods; Why is the Flower District dying?

Posted On Thu, August 16, 2018 By

Posted On Thu, August 16, 2018 By In Daily Link Fix

Via Pexels (L) ; Flower District via Flickr/cc (R)

  • The city will preserve 669 Section 8 apartments for 40 years. They’re located in “high-cost neighborhoods”–Williamsburg, Harlem, the East Village–“where the majority of similar buildings have converted to market-rate.” [NYC HPD]
  • Twenty percent of dwelling units currently under construction in New York City are in a hotel. [TRD]
  • Once a $120 million engine, NYC’s Flower District is being killed off by competition, construction and ICE. [Bloomberg]
  • The Museum of Ice Cream, the Museum of Pizza, the Color Factory–how do the city’s new influx of pop-up museums find real estate? [Commercial Observer]
  • Essex Crossing’s Target is now open! [The Lo-Down]
  • And so is the new Four Seasons restaurant after a two-year hiatus and a $30 million buildout. [Gothamist]

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