Manhattan

As a way to offer lower-cost housing options, NYU is piloting a program this fall that will let students live in the spare bedrooms of local senior citizens. Dubbed the "home stay" program, it would cut in half the university's housing bill, reports the Post, as well as provide income to hosts. According to Gothamist, the program is part of a larger affordability initiative that NYU President Andrew Hamilton put forth when he assumed his role in January. The school's $65,000/year tuition makes it the third most expensive in the country, and undergraduate housing ranges from $10,500 for a shared bedroom to $21,000 for a private suite.
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Affordable Housing

November 21, 2016

Site of planned Norman Foster-designed Sutton Place condo tower to be auctioned off next month

The 262,000-square-foot project that includes plans for a 900-foot-tall luxury condominium tower drawn up by British architect Sir Norman Foster of Foster + Partners that embattled developer Joseph Beninati had hoped to build in the heart of Sutton Place is set to be auctioned next month, according to Crains. As 6sqft previously reported, the sale of the property at 3 Sutton Place was authorized in September to pay back creditors and partners who were owed money from the derailed project, and a source has told Crain's that an auction is scheduled for December 13 with bids due by December 8.
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The neighbors who arrived first: Cherry Street residents prepare for One Manhattan Square

Images via Extell and Google Maps

November 21, 2016

The neighbors who arrived first: Cherry Street residents prepare for One Manhattan Square

By Cait Etherington

Images via Extell and Google Maps The construction of Extell’s high-rise condo development at the foot of the Manhattan Bridge is now well underway. When complete, 250 South Street (formerly 227 Cherry Street) will rise more than 80 stories above the East River and be home to just under 800 units, but that’s not all. As the Extell […]

Real Estate Trends

Image timothygo_

November 21, 2016

Fifth Avenue shutdown won’t happen even though Trump’s family will stay put

Between swarms of protestors outside the building and Donald Trump's claims that he'll spend weekends at his penthouse, the NYPD has spent the last week mulling a shutdown of Fifth Avenue in and around Trump Tower. And even though Melania and ten-year-old Barron will remain in the 24-karat gold-covered triplex instead of moving to the White House, Mayor de Blasio announced that the stretch of the Avenue in front of the building will remain open to vehicular traffic, adding that, "We have never had a situation where the president of the United States would be here on such a regular basis. But the N.Y.P.D. is up to the challenge, and the City of New York is up to the challenge."
And it's quite the challenge

Celebrities

November 21, 2016

This $649K co-op has pre-war charm, East Midtown convenience and room to grow

How much you love the location of this surprisingly-spacious-for-six-figures co-op at 155 East 49th Street just north of Turtle Bay in East Midtown might just depend on how much you like skyscrapers. Because though the spot is convenient to everything from MoMA and shopping to Grand Central Station and the subway, there are tall towers in every direction and many more, even taller, on the way. But this 10-story co-op does a pretty good job making the case for classic brick amid towers of glass and steel.
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Distinctive Homes

November 18, 2016

UES studio Andy Warhol rented for $150/month sells for $10 million

In addition to being one of the world's most iconic artists, Andy Warhol appears to have had the Midas touch for real estate. In 2013, Warhol's one-time townhouse on Lexington Avenue sold $5.5 million—he paid just $60,000 for it in 1959; then last October, the artist's former Montauk compound, which he paid just $225,000 for in 1972, sold for a whopping $50 million; and now, as The Real Deal reports, the ramshackle Upper East Side studio he rented for paltry $150 a month has just traded hands for an incredible $9.9 million.
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November 18, 2016

This $2.6M Flatiron loft is creative, crafty and colorful as a wildflower garden

Think of this loft co-op in a former garter factory at 32 West 20th Street as one big, soft, colorful tote bag–the kind your favorite third grade art teacher would pack to the brim every day–there are pockets for stuff, sure–in this case a bedroom and a bath and a half–but really it's a big, open space with room for floaty scarves, bright skeins of yarn, beads and baubles, paints and brushes. At 2,000 square feet there's plenty to work with when it comes to carving out just the kind of space you need.
Stop and smell the flowers, this way

Distinctive Homes

Construction update: Pier 55’s 535 concrete columns rise from the Hudson River

Current view of Pier55 site, via 6sqft

November 18, 2016

Construction update: Pier 55’s 535 concrete columns rise from the Hudson River

Now that the Barry Diller-funded Pier 55 offshore park can proceed freely, the Wall Street Journal took a look at how construction is progressing on the $200 million project. Currently, the 535 concrete columns, each three feet wide and ranging from 70 to 200 feet long, that will support the 2.75-acre park have been erected, poking out of the Hudson River amidst the historic wooden piles that once supported Pier 54, where the Titanic was supposed to dock (these will remain to sustain marine life development). On top of them will be pots, "hollow pentagonal forms" that weigh as much as 60 tons and will be "linked with concrete to create a rectangular platform of about 104,000 square feet."
More new details this way

November 17, 2016

Is Tribeca’s windowless AT&T building an NSA surveillance site?

Tribeca's AT&T Long Lines Building is a prime example of Brutalist architecture, with its hulking slab form and imposing concrete facade. But what really draws curious gazes is its lack of windows. Pair this with the fact that the 550-foot telephone exchange tower was built to withstand a nuclear blast and keep 1,500 people safe from toxic radiation for two weeks, has three subterranean floors, and isn't illuminated, and you've got quite the case to back up reports that the building is a secret NSA spy hub (h/t TRD). The Intercept analyzed data from former CIA employee Edward Snowden's leaked documents that point to the fact that 33 Thomas Street is an NSA site code named TITANPOINTE, from which the agency has tapped the likes of the UN, World Bank, and at least 38 countries under its controversial BLARNEY surveillance program.
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Uncategorized

November 17, 2016

Budget woes and design disagreements cause Port Authority to stall on new bus terminal plans

Just two months ago, West Side elected officials and the Port Authority agreed to move ahead on the 10-year, $10 billion capital project to replace the current Bus Terminal, releasing five design proposals for a new building. But officials at the bi-state agency "have reached an impasse" on the project due to budget concerns and disagreements on the design, reports Crain's.
The full story

Real Estate Trends

NYPL reveals first image for its $200M Mid-Manhattan Library renovation

Image: Mecanoo with Beyer Blinder Belle

November 17, 2016

NYPL reveals first image for its $200M Mid-Manhattan Library renovation

Hot on the heels of wrapping a major renovation and hosting an epic reopening for the Rose Reading Room at their flagship Stephen A. Schwarzman Building, the NYPL is now moving forward with another mammoth revamp on its Mid-Manhattan Library. Last September, the library revealed that Dutch architecture firm Mecanoo had been tasked with the $300 million overhaul of both the flagship and the Mid-Manhattan branch at Fifth Avenue and 40th Street. And now, the NYPL is offering us our first look at the latter, a project they are calling a "state-of-the-art library that will serve as both a model and catalyst for a rejuvenated library system."
all the details here

Richard Meier, Rafael Viñoly, and KPF release designs for Upper West Side waterfront development

Towers L to R: Rafael Viñoly, Richard Meier, Kohn Pedersen Fox

November 17, 2016

Richard Meier, Rafael Viñoly, and KPF release designs for Upper West Side waterfront development

Forty-two years after Donald Trump first proposed a mixed-use development on the Upper West Side waterfront, one of the final pieces of the puzzle is coming together. Curbed got their hands on sparkling new renderings of what's now being called Waterline Square, a trio of residential towers on the five-acre site between West 59th and 61st Streets that's part of Riverside Center. In addition to views of the glassy structures, which will offer a combination of condos and rentals, and a Mathews Nielsen-designed park, what makes the reveal so exciting is the roster of starchitects behind the towers--Richard Meier and Partners, Rafael Viñoly Architects, and Kohn Pedersen Fox Associates.
More details and renderings

November 17, 2016

City Planning Commission votes to raise fee for Theater District air rights transfers

The City Planning Commission has voted to up the cost of air rights transfers in the special Midtown Manhattan district that includes Broadway's theaters, The Real Deal reports. Currently, when developers purchase air rights from theaters between West 40th and West 57th Streets from Sixth to Eighth Avenues, they pay $17.60 per square foot to the Theater Subdistrict Fund. Transferable development rights can usually only be used for adjacent properties, but the city created the special district in 1998 to help the theater industry thrive amid sharply rising real estate prices; within the district, air rights can be moved more freely in a larger area outside the usual “arms length” restrictions.
What does this mean for Broadway theaters?

Policy

November 17, 2016

Seth Rogen scopes out a $3.3M East Village apartment

By Annie Doge

Seth Rogen and wife Lauren Miller are in the market for a New York pad, reports the Post. The pair were recently spotted touring a three-bedroom at 64 East First Street in the East Village. The third-floor apartment is not quite of celebrity proportions, measuring just 1,807 square feet, however, the home's $3.3 million price tag says otherwise.
More inside

November 17, 2016

Meatpacking condo once home to Glenn Beck, Jason Reitman, and Trey Parker lists for $5M

By Annie Doge

Don't worry, this interesting trio of notables didn't live in this Meatpacking District condo at the same time. "South Park" co-creator Trey Parker lived in the loft-style, three-bedroom spread at the Porter House during the initial run of his Tony-winning Broadway show "Book of Mormon," according to the Post, who also note that Academy Award-winning director Jason Batemen, best known for "Juno" and "Up in the Air," as well as uber-conservative political commentator Glenn Beck have called this apartment home. And it's currently on the market for $4.9 million or as a $13,900/month rental.
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November 17, 2016

A penthouse off Central Park on the Upper East Side for $190K? Believe it!

For those of you who say you'd live in a closet just to be near the park, this might be your dream home. And this petite penthouse at 103 East 84th Street isn't just any closet (though it does appear to be under 200 square feet); not only is this unique co-op in a lovely full-service elevator building off Park Avenue, but the space that has been called "Manhattan's most adorable penthouse" boasts a charming and sizeable private terrace to rival many a million-dollar property.
Find out more about this charming garret

Distinctive Homes

NYC’s next superblock: Development goes into overdrive along far West 29th Street

Google Earth rendering created by CityRealty

November 16, 2016

NYC’s next superblock: Development goes into overdrive along far West 29th Street

By Michelle Sinclair Colman

It is not often that a single block stands out in a city like New York. But a huge transformation is occurring at the junction of 29th Street. West 29th Street, in between 10th and 11th avenues, is the transition point between three neighborhoods: West Chelsea, Hudson Yards and the Far West Side. The massive […]

November 16, 2016

VIDEO: Go inside Donald Trump’s personal office in Trump Tower

Donald Trump has already made it clear that he hopes to ditch convention and spend weekends in his Trump Tower penthouse during his presidency (despite the unprecedented traffic snarls and security issues it'll cause). In addition to sleeping in his own bed, this will allow him to work out of his personal office. The 26th floor space is covered in awards, sports memorabilia, family photos, and an unsurprisingly narcissistic collection of magazines with yours truly on the cover. Business Insider uncovered two videos from last year--one from the Washington Post, one from the Wall Street Journal--where Trump provided tours of the office, and it looks like our next president may be working on international politics with one of Shaquille O'Neal's sneakers sitting next to him.
Watch both videos here

Celebrities

November 16, 2016

For $4.2M this four-bedroom Village loft condo is the picture of understated luxury and charm

While the $4.2 million price may sound steep, this sprawling 10th floor loft at 8 East 12th Street on the east side of Greenwich Village checks the boxes for just about every dreamy detail you'd need or want in a city apartment. At 2,330 square feet with four bedrooms, closets galore and an enormous great room, there's more than enough space for family, friends and guests. High-floor views go all the way down to One World Trade, and high ceilings accentuate the brightness in every room–and then there are the sunsets. Though there may be no million-dollar parking spots or Olympic-sized pool, this covetable condo is far from no-frills. Central air, a laundry room, marble baths and a chef-ready European kitchen are just a few just-right details; the building is located in one of the finest spots a Manhattan dweller could ask for, just blocks from Washington Square Park, the East Village, the Union Square Greenmarket and nearly every subway in the city.
Get a closer look

Distinctive Homes

Upper West Side buildings to dump Trump name following petition

Trump Place Apartments courtesy of Nick Normal’s Flickr

November 15, 2016

Upper West Side buildings to dump Trump name following petition

“The building is beautiful, the service is impeccable,” Marjorie Jacobs, a resident of the Upper West Side complex currently known as Trump Place told Bloomberg in October, “But the name is very embarrassing." An outcry by similarly-minded residents and a petition have culminated in the decision to remove the president-elect's name from the buildings and instead name them according to their street addresses at 140, 160 and 180 Riverside Boulevard, reports Crains.
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Real Estate Trends

November 15, 2016

Brooke Shields’s former Soho loft with 27 over-sized windows lists for $4.55M

By Annie Doge

If they can manage a sale, it will be quite a windfall for the owners of Brooke Shields's former spread at 458 Broadway. The full floor co-op Shields shed in 2012 has just hit the market for $4.55 million, a price tag that is higher than the $3.05 million that was originally paid for it four years ago. While the jump may be difficult to swallow, the apartment itself is far more palatable.
have a closer look inside

November 15, 2016

Live a Tribeca artist’s loft life in the center of it all for $7,500K/month

When you tell them you live in a loft, this sprawling specimen is pretty much what you'd hope to be describing. For a mere $7,500 a month, this newly-renovated picture of loft living at 6 Varick Street (known for its authentic-but-updated lofts), where Tribeca is arguably at its most Tribecan–if not its most quiet–even comes with art supplies, or at least a place to store them.
Have a look around, this way

Distinctive Homes

Image timothygo_

November 15, 2016

Officials contemplate 5th Avenue shutdown whenever Donald Trump is in town

If you thought it was inconvenient whenever President Obama came to town, under a Trump presidency, things are going to get much worse. The Daily News reports that law enforcement officials are mulling a shutdown of 5th Avenue whenever the president-elect decides to stay in his penthouse in Trump Tower. As many know, the area is one of the busiest commercial hubs in the Manhattan, a mix of mid- and high-end retailers, paying top rents and pulling in millions of tourists annually. Moreover, it is also home to thousands of New Yorkers, a handful of which who live in Trump Tower and are already fed up with the disturbances that have emerged as of late. Immediately after the 2016 election results were announced, Trump Tower was swarmed by protestors—and guards wielding heavy ammunition.
what this could mean here

November 15, 2016

Jacqueline Kennedy Onassis’s childhood home gets a major price cut to $29.5M

By Emily Nonko

There have been some big price chops for an apartment at 740 Park Avenue, one of New York's most iconic co-ops, once lived in by Jacqueline Kennedy Onassis herself. The former first lady—whose grandfather developed 740 Park in 1929—lived in this apartment between the ages of two to seven. It is now owned by David Ganek, a hedge fund manager, who has used the Rosario Candela-designed co-op as a home for his impressive modern art collection. He first listed it in 2014 for $44 million, and now it's on its third price chop down to $29.5 million.
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Distinctive Homes

November 15, 2016

Down to the wire, 2nd Avenue Subway requires ‘unprecedented’ work to meet December deadline

There are just seven weeks left for the MTA to wrap works on the 2nd Avenue Subway if they want to meet their December 31st deadline. According to the Times, at yesterday’s MTA board meeting, officials relayed that an “unprecedented” effort would be required in order to wrap Phase 1 of the project on time.
read more here

Transit

November 14, 2016

This $3.5M Tribeca apartment has the bones of a loft, the polished interiors of a mansion