MORE TOP STORIES

Chelsea, New Developments

Sandy-Ravaged Chelsea Building to Sprout New Apartments

By Ondel Hylton, Mon, December 29, 2014

A four-floor Chelsea building ravaged by Superstorm Sandy will be reborn as a new nine-unit residential building.

The walk-up building at 92 Eighth Avenue near 14th street has sat vacant and shrouded since the storm triggered the collapse of its front facade, revealing its interiors “like an open doll house.” With all of its similarly furnished rooms exposed to onlookers, it was soon discovered the building operated as an illegal hotel catering to European travelers.

More details here

Real Estate Wire

  • The QueensWay gets a major endorsement. [NYT]
  • Trinity Church has filed demolition permits for 68-74 Trinity Place, where they plan to erect a 46-story residential building designed by Pelli Clarke Pelli. [CO]
  • The Port Authority is considering selling off its real estate, including One World Trade Center, to fund the agency’s overhaul. [WSJ]
  • Collegiate School, the country’s oldest independent school, will build a new ten-story building as part of Extell’s Riverside South site. [TRD]

Images: QueensWay rendering (L); One World Trade Center (R)

Architecture, Design, Interiors, Upstate

  • By Dana Schulz
  • , December 29, 2014

Now that the hustle and bustle of the holidays is nearing an end, we’re daydreaming about winding down in a cozy winter cabin, complete with snowy views and warm, crackling fires. And this upstate Adirondack-style cabin by James Thomas is exactly what we’ve been envisioning. Though the family retreat can’t produce snow on the spot, it can offer a tranquil getaway with two fireplaces, comfortable furniture, and an organic mix of natural wood and stone.

Take a look around

Architecture, New Developments, Rentals, Williamsburg

  • By Ondel Hylton
  • , December 29, 2014

Rendering of 66 Ainslie Street via Slate Property Group

Here’s the first look at 66 Ainslie Street, a seven-story, 50-unit rental building set to rise from the East Williamsburg corner of Ainslie and Keap Streets. According to The Real Deal, the project is being developed by Slate Property Group, led by Martin Nussbaum and David Schwartz, and the site’s previous sole owners, Tavolario and Meszaros Realty Corporation. Slate purchased the site for $15 million in an off-market deal in September.

Construction permits filed this past November by Aufgang Architects indicate that the building will contain 42,500 square feet of residential and retail space, 23 parking spaces in an underground garage, and a roof deck and fitness center. The site is also around the corner from the Metropolitan-Lorimer G and L train stop. The filing of a “major alteration” application indicates that at least some part of the existing one-story factory building will remain.

More details ahead

Daily Link Fix

  • You may know where Brooklyn’s various neighborhoods are on a map, but do you know how they got their names? [Mental Floss]
  • A look back at how the Guardian Angels got their start taking crime prevention into their own hands. [NYC, 1981]
  • Meet news anchor and reporter Charlie Pellett, the man who’s the voice behind the NYC subway. [Untapped]
  • Here’s a map that shows the oldest recorded NYC liquor license in every neighborhood. [I Quant NY]
  • And here’s a map of where the biggest names in NYC art history once lived. [Vulture]

Images: 1897 map of Brooklyn via Wiki Commons (L); NYC subway (R)

Bronx, real estate trends

Image © Thomas X. Casey, BronxNYC

Brooklyn may hold the title for most unaffordable place to buy a home in America, but when it comes to affordability for renters, the Bronx is the worst. According to the Daily News, a new report shows that tenants in the borough spend 68% of their earnings on rent, which roughly equates to $2,000 per month for a three-bedroom apartment.

The Bronx has one of the lowest median incomes in the country at $34,388. It also has a 9.5% unemployment rate, and 30% of the borough’s population lives below the poverty line. However, state controller Tom DiNapoli released a report earlier this year that said approximately 60% of renters in the Bronx spend more than one-third of their income on rent.

[Via NYDN]

Furniture, Green Design

  • By Ana Lisa Alperovich
  • , December 28, 2014

Coat Rack for Bonnie is not just a regular hanger; it’s an exploration of human habits through minimalist design. Created by Kiwi designer Annabelle Nichols, this handy piece of furniture will be a great addition to any home’s entrance hall. It comes with specially-designed compartments for keeping what anyone would need–or mustn’t forget–when going out: keys, a book or magazine, a coat and, of course, shoes.

Learn more about this functional piece of furniture

Most Read Stories, Weekly Highlights

December’s Top 10 Stories

This Week’s Features

Images: 45 East 22nd Street, the building of the year (L); Roman and Williams-designed Brooklyn brownstone (R)

Architecture, Design, Interiors, Soho

  • By Aisha Carter
  • , December 26, 2014

Kids change everything. And that’s exactly what happened when architect Caterina Roiatti and designer/artist Bob Traboscia of TRA Studio welcomed their son into the world. Shortly afterwards, their apartment of 20 years—a 2,000-square-foot semi-raw “shoebox” loft in Soho—would be transformed from an open live/work space with few windows and doors and no storage to a more grown-up, light-filled home suited for a sophisticated New York family.

More photos inside

Architecture, condos, New Developments, Upper East Side

  • By Dana Schulz
  • , December 26, 2014

All eyes have been on the construction of Renzo Piano‘s new downtown home for the Whitney Museum, set to open in May. But let’s not forget about what’s happening to the Whitney’s old Marcel Breuer-designed building on Madison Avenue and 75th Street. The Brutalist building opened in 1966 and has since dominated its Upper East Side surroundings. It’s set to be taken over as a satellite location for the Metropolitan Museum of Art to showcase their contemporary and modern art collections when it reopens in March 2016. And though the Met will not alter the façade of the landmarked museum building, its surroundings will certainly look different than in the Whitney’s days.

The biggest changes are happening right next door, where the row of six 19th-century Italianate and Greek Revival brownstones on Madison Avenue and two townhouses on East 74th Street are being reimagined as condos and retail space by developer and healthcare entrepreneur Daniel Straus, who bought the properties from the Whitney in 2010 for $95 million and subsequently was granted approval by the Landmarks Preservation Commission for their new design by Beyer Blinder Belle. According to the Times, who profiled the development, the flurry of construction could be considered “the Met effect.”

More on the development here

SIGN UP FOR OUR NEWSLETTERS

Thank you, your sign-up request was successful!
This email address is already subscribed, thank you!
Please provide a valid email address.
Please complete the CAPTCHA.
Oops. Something went wrong. Please try again later.