Everything you need to know about cryptocurrency and real estate

NYC skyline via Pexels; Bitcoin via Pexels

April 2, 2018

Everything you need to know about cryptocurrency and real estate

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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.
Get your primer ahead
De Blasio agrees to fund half of the MTA’s $836M emergency subway rescue plan

Image © 6sqft

April 2, 2018

De Blasio agrees to fund half of the MTA’s $836M emergency subway rescue plan

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After months of refusal, Mayor Bill de Blasio said on Saturday the city will pay for half of the emergency rescue plan for the subway, which was announced by the Metropolitan Transportation Authority in July. The mayor's decision to fork over $418 million for subway repairs came after the state lawmakers passed on Friday Gov. Andrew Cuomo's $168.3 billion budget. The approved budget includes giving the state power to take funding from the city if it did not pay for its share, as the Daily News reported. The state has already paid its half of the $836 emergency plan, aimed at repairing, upgrading and stabilizing the beleaguered transit system.
More details here
Heidi Klum buys a raw Soho penthouse loft in need of a complete reno for $5M
April 2, 2018

Heidi Klum buys a raw Soho penthouse loft in need of a complete reno for $5M

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Though Heidi Klum has spent summers renting a New York City pad and even checked out Bon Jovi's pricey penthouse, the supermodel and TV personality was LA-based until recently. The Post reports that Klum just closed on a 4,772-square-foot Soho penthouse loft at 515 Broadway for $5.1 million. Purchased under the name “HK East Coast LLC,” the loft, in a 19th century Queen Anne-style building also known as 84 Mercer Street, is a former artist's studio, though it's exempt from Artist Certification requirements. The totally raw space is in need of just about everything.
Take a look
Revamped Farley Post Office may include a life science research center

Rendering courtesy of Skidmore, Owings & Merrill via Gov. Cuomo’s office

April 2, 2018

Revamped Farley Post Office may include a life science research center

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Recognizing life sciences as New York City's next largest growth sector, Vornado Realty Trust and Related Companies hope to attract tech companies to the redevelopment of the James A. Farley Post Office. The joint venture will develop 850,000 square feet of commercial space, with roughly 730,000 square feet set aside for office space. The developers, which have a 99-year lease, are seeking biotechnology and pharmaceutical businesses as tenants, according to the Wall Street Journal. The team has hired a Boston-based broker with experience in the life-sciences real-estate market and has also created a brochure with possible designs for laboratory and office space. The brochure is titled "Moynihan Research Center at Farley."
Find out more
City studying gondolas for Governor’s Island transit option ahead of planned new development

Image courtesy of The Trust for Governor’s Island.

April 2, 2018

City studying gondolas for Governor’s Island transit option ahead of planned new development

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Among a growing chorus of futuristic transportation suggestions meant to meet the city's exploding need to get from point A to point B, Crain's reports that the city's Economic Development Corp. is studying a gondola that would operate from lower Manhattan to Governors Island. Though the idea has been proposed before, anticipation of a planned redevelopment project on the 172-acre island has fostered a new urgency.
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De Blasio is considering a vacancy tax for landlords who leave their storefronts empty

Photo via Dan Nguyen/Flickr

April 2, 2018

De Blasio is considering a vacancy tax for landlords who leave their storefronts empty

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In the "it's about time" department, the New York Post reports that Mayor Bill de Blasio is considering a tax that would discourage retail landlords from letting their properties sit vacant, depriving potential local businesses of opportunity while giving the middle finger to neighborhood morale. Addressing the rising number of vacant storefronts in just about every neighborhood in the city, the mayor said Friday on WNYC that he would like to see a penalty in place for landlords who leave storefronts sitting unoccupied, presumably waiting for big-ticket tenants who have yet to materialize.
Find out more
Celebrate Prospect Park’s opening weekend with an 1860s-style ballgame, a scavenger hunt and more
March 30, 2018

Celebrate Prospect Park’s opening weekend with an 1860s-style ballgame, a scavenger hunt and more

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Image by Elizabeth Keegin Colley for the Prospect Park Alliance Spring has officially sprung. And what better way to welcome the season than celebrating with a weekend full of activities at Prospect Park? To kick off the park's opening weekend on April 7th and 8th, the Prospect Park Alliance will bring events like free yoga, a baseball parade and 1860s exhibition baseball game, a fair, history tour and much more. Although most events are free, a few require advance reservation and some cost a couple of bucks. Ahead, check out the full schedule of events.
More details here
Brooklyn Army Terminal getting a solar panel pilot program; Largest Chick-fil-A ever opens in FiDi

Rendering of solar equipment on the roof of the Brooklyn Army Terminal via NYC EDC (L); Chick-fil-A at 144 Fulton Street via Chick-fil-A(R)

March 30, 2018

Brooklyn Army Terminal getting a solar panel pilot program; Largest Chick-fil-A ever opens in FiDi

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An outdoor sculpture garden made of trash is coming to the City Reliquary. [Untapped Cities] The city is looking to cover a 100,000-square-foot rooftop at the Brooklyn Army Terminal with solar panels. Residents and business owners would pay for the solar power through a monthly membership fee. [amNY] A five-story + rooftop terrace Chik-fil-A–the largest […]

Live in a classic mid-century modern home on three acres of land in New Canaan for $1.5M
March 30, 2018

Live in a classic mid-century modern home on three acres of land in New Canaan for $1.5M

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Connecticut's picturesque New Canaan boasts glorious architectural juxtapositions of old and new, with super traditional center hall colonials alongside classic mid-century modern homes, all in a super posh, perfectly manicured, “country” setting. Located at 126 Chichester Road, this five-bedroom, 3,000-square-foot home asking $1,549,000 falls into the latter group. It was built by James Evans, a student of Louis Kahn’s when Kahn was president of Yale University's architecture department.
Take a tour

Distinctive Homes

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Underground moving sidewalks were NYC’s transit plan of the future at the turn of the 20th century

Photos courtesy the New York Public Library’s Digital Gallery

March 30, 2018

Underground moving sidewalks were NYC’s transit plan of the future at the turn of the 20th century

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As the city currently tackles a plethora of issues with its public transit system, New Yorkers have been presented with no shortage of innovations to make commuting (hopefully) better. Take a look back at the turn of the 20th century, though, and the moving sidewalk was considered the future of urban transportation. According to Gizmodo, "The moving sidewalk represented a bold new vision for tomorrow... This idea of rolling pavement appealed to people in major cities who didn't yet see the rise of the automobile as inevitable and were looking for an affordable alternative to more elaborate infrastructure like subway trains." In 1903, an article in Harper's Weekly said that moving sidewalks were the perfect solution for the city to tackle congestion issues that would arise with new bridge connections bringing people from Brooklyn into New York City.
They would move at 9MPH
Our 1,400sqft: A vibrant couple in their 80s ditches the suburbs for the West 70s
March 30, 2018

Our 1,400sqft: A vibrant couple in their 80s ditches the suburbs for the West 70s

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Marv and Fran Lifson have been married for 32 years. After combining their families (she had five children, he four), and spending three decades in Westchester, this self-described "active, older couple" decided to sell their home and relocate not to Florida or the Carolinas, but the Upper West Side. Luckily for them, Fran's son David Katz has his own architecture firm and he stepped right in to help them with their search and, ultimately, renovation. After finding their dream home two years ago, a fixer-upper on 72nd Street and Central Park West, David combined a studio and one-bedroom into a spacious two-bedroom that's just as fresh and modern as its residents. 6sqft recently visited Fran and Marv to learn about why they'd grown tired of the suburbs, what they love about their new urban lifestyle, and how the renovation process went.
See the whole place and hear from Fran and Marv
$925K North Slope brownstone co-op comes with a fireplace, a loft, and a loggia
March 30, 2018

$925K North Slope brownstone co-op comes with a fireplace, a loft, and a loggia

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Looking at the 25-foot wide townhouse known as the Warwick at 8 8th Avenue in one of the prettiest spots in brownstone Brooklyn, it's easy to imagine that the apartment within would be a study in historic parlor-floor grandeur–and this well-maintained two-bedroom co-op doesn't disappoint. Steps from Grand Army Plaza and a few blocks from Prospect Park, this anything-but-boring home on the Park Slope/Prospect Heights border boasts a romantic wood-burning fireplace and historic details, plus quirky surprises like a loft and a loggia.
Take a tour
3 service fully out, Rockaway without trains, and more weekend subway madness

Photo by Giuseppe Milo via Flickr

March 30, 2018

3 service fully out, Rockaway without trains, and more weekend subway madness

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Seasoned straphangers are certainly expectant of bad subway service news by this point, but that doesn't make this weekend's changeups any easier to navigate. The D and F are masquerading as each other across boroughs, 3 train riders are out of luck, and the Rockaways especially are hard hit by a lack of service on the only two lines which reach the area. On the bright side, free bus service to LaGuardia Airport on the LaGuardia Link Q70 has been reinstated through April 7. Also in the realm of good news, eight extra trains will run out of Penn Station on the Long Island Rail Road for Good Friday and the start of Passover today. See the MTA's press release for all of the additional afternoon departures. As well, MTA NYCTA President Andy Byford answered questions on Twitter yesterday and revealed his favorite Smiths song.
All the weekend service changes
Lottery launches for 124 middle-income units in East Harlem, from $822/month

Rendering via MAP Architects

March 29, 2018

Lottery launches for 124 middle-income units in East Harlem, from $822/month

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A brand new East Harlem mixed-use development, known as Acacia Gardens, now has 124 middle- income apartments up for grabs. The 12-story brick building at 411 East 120th Street, the site of a former parking lot, includes over 180,000 square feet of residential space. Qualifying New Yorkers earning 60 and 100 percent of the area median income can apply for units ranging from an $822/month studio to a $1,706/month three-bedroom.
Find out if you qualify
New renderings for Tishman Speyer’s 10-story office tower above Downtown Brooklyn Macy’s

Via Tishman Speyer/ The Wheeler building site

March 29, 2018

New renderings for Tishman Speyer’s 10-story office tower above Downtown Brooklyn Macy’s

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Tishman Speyer last April unveiled plans to revamp the Macy's building at 422 Fulton Street in Downtown Brooklyn by building a 10-story office tower on top of it. Now, new renderings have been released this week of the building, known as the Wheeler, highlighting the design's fusion of 19th century and Art Deco architecture. A 256-foot tall glassy addition to the historic department store will add over 840,000 square feet of commercial space, according to YIMBY.
See the renderings
When the Bronx Bombers were the Highlanders: A brief history of the Yankees

The Highlanders play a game at Hilltop Park in 1912, photo via The Library of Congress

March 29, 2018

When the Bronx Bombers were the Highlanders: A brief history of the Yankees

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Not unlike their current powerhouse lineup, the most dominant team in American sports got off to quite a rocky start. Not only did the New York Highlanders, now known as the Yankees, have a losing record for many years, but the team’s first home field was also a mess: it was located near a swamp, the outfield had no grass, and the ballpark sat mostly unfinished. In just six weeks, 500 men hastily built the stadium on Broadway and 168th Street in Washington Heights, known as Hilltop Park, in time for the Highlanders' first home game on April 30, 1903. Due to the unsavory, rock-filled conditions, the last big league game at Hilltop Park was played in October of 1912. Following its closure, the Highlanders changed their name to the Yankees in 1913, moved to the Bronx, and went on to become one of the most successful sports teams in the world.
More this way
Governor Cuomo looking to give the state control of Penn Station area

Photo outside Penn Station via Maciek Lulko/Flickr

March 29, 2018

Governor Cuomo looking to give the state control of Penn Station area

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Less than one week before the state's deadline to adopt its budget, Governor Andrew Cuomo proposed the “New York Pennsylvania Station Area Redevelopment Project,” a state-controlled development area around Penn Station. In the constant one-upmanship between Cuomo and Mayor Bill de Blasio, this would give Cuomo control over one of Manhattan’s top name-brand landmarks, according to a draft proposal acquired by Politico.
More details ahead
‘Atlantic Chestnut’ development will bring over 1,100 fully-affordable units to East New York

Rendering via Dattner Architects

March 29, 2018

‘Atlantic Chestnut’ development will bring over 1,100 fully-affordable units to East New York

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A mixed-use development will bring 1,165 fully-affordable units to the Brooklyn neighborhood of East New York, an evolving community in need of new and preserved housing. Dattner Architects released this week new renderings of the development, dubbed Atlantic Chestnut after the two streets it will face (h/t CityRealty). The complex, which will include three 14-story buildings, sits on 4.5 acres and measures over a million square feet. The three buildings will be completed in successive phases, with the first scheduled to wrap up in 2020, the second in 2021 and the third in 2022.
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Daniel Libeskind’s first New York City building may be affordable senior housing in Bed-Stuy

Rendering of the Sumner Houses Senior Building, courtesy of the Architect, Studio Libeskind (via NYC Housing Authority)

March 29, 2018

Daniel Libeskind’s first New York City building may be affordable senior housing in Bed-Stuy

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Though he has called New York home for decades, noted Polish-American architect Daniel Libeskind has yet to see a NYC building to completion. But it appears that may soon change, as CityRealty reports that his first ground-up building will be a 197-unit affordable housing project on Site 2 of the Sumner Houses in Bed-Stuy. A January press release announcing the selection of the project’s developers credits Studio Daniel Libeskind as the designer of the 10-story building-to-be, and a rendering shows an angular white-colored building done in the firm’s signature un-orthogonal style.
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San Remo co-op that was Diane Keaton’s first NYC apartment lists for $17.5M
March 29, 2018

San Remo co-op that was Diane Keaton’s first NYC apartment lists for $17.5M

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In the late '70s, after hitting it big in Woody Allen's "Annie Hall," a 30-year-old Diane Keaton celebrated her Hollywood success by buying a full-floor apartment at the storied Upper West Side co-op the San Remo. Looking back in more recent years, she said "It was one of those remarkable apartments. There was a window on every side. Everything was wide open. That was the beginning of my true interest in architecture." And now a lucky buyer will have the chance to re-live that dream, as Keaton's former home--in one of the landmark's coveted towers--has just hit the market for $17.5 million, reports the Post.
Go inside
Essex Street Market announces more vendors for new Essex Crossing location

Rendering courtesy of SHoP Architects for Market Line

March 29, 2018

Essex Street Market announces more vendors for new Essex Crossing location

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This week's announcement of more vendors that will make up the inaugural roster for Essex Street Market's new home at the Essex Crossing mega-development included some favorites from around the city along with current faces, reports Bedford + Bowery. New to the market when the 24-story building at 115 Delancey Street opens will be Williamsburg's Middle Eastern takeout spot Samesa, East Village herbal apothecary Roots, Fort Greene florist Saffron and Union Square Greenmarket regular Josephine's Feast!
What else is in the works?
Time Out is bringing a food hall to the Dumbo waterfront this year

Via Time Out Market

March 29, 2018

Time Out is bringing a food hall to the Dumbo waterfront this year

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Time Out Group, the British company that writes up everyone's favorite freebie magazine Time Out New York, announced on Wednesday that it will open a massive food hall in Brooklyn this year. Set to open between October and December, the 21,000-square-foot Time Out Market New York will be located in the Empire Stores at 55 Water Street in Dumbo. According to the company, the food market will feature a group of 20 restaurants hand-selected by the magazine's editors, three bars and a performance stage.
Dig in
Jennifer Lopez and A-Rod pick up $15M apartment at 432 Park Avenue

432 via DBOX; Alex Rodriguez via Wiki Commons; Jennifer Lopez via Wiki Commons

March 28, 2018

Jennifer Lopez and A-Rod pick up $15M apartment at 432 Park Avenue

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Update 4/2/18: The pair picked up a three-bedroom, 4.5-bathroom that takes up half of the 36th floor of 432 Park, according to Observer. The apartment measures just over 4,000 square feet and features its own elevator, oak floorings, a library and custom-designed eat-in kitchen. Power-couple Jennifer Lopez and Alex Rodriguez, affectionately known as J-Rod, have purchased an apartment for $15.316 million at 432 Park Avenue, the tallest residential building in the Western Hempishere. As Mansion Global reported, the duo picked up a 4,000-square-foot unit with three bedrooms and four and a half baths. The deal, which closed in February, turned out to be less expensive than expected, as the couple in October reportedly checked out a $40.5 million three-bedroom and an $82 million penthouse.
More details here
Go inside the American Copper Buildings’ skybridge; Amazon will pay you for your old stuff

American Copper Buildings via Max Touhey (L); Via Pixabay (R)

March 28, 2018

Go inside the American Copper Buildings’ skybridge; Amazon will pay you for your old stuff

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With a 21 percent rise, art overtook recent front-runners wine and classic cars as the top-performing asset class of 2017. [Haute Residence] A NYC bill would make it illegal for employers to demand their workers to respond to work emails during non-work hours. [NBC NY] A Brooklyn workshop will let you make your own neon signs. [TONY] Disgraced […]

A wall of windows stuns at this $1.8M artsy loft in the heart of Tribeca
March 28, 2018

A wall of windows stuns at this $1.8M artsy loft in the heart of Tribeca

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A massive wall of windows anchors this artsy Tribeca loft, complete with high ceilings, exposed brick walls and Corinthian columns. It's located at 6 Varick Street, a condo conversion with no shortage of distinct loft apartments. After being on the market last year, asking $1.695 million and not selling, this pad is trying its luck with the higher price tag of $1.8 million. The next buyer will have free range across 1,079 square feet of open apartment.
Take a look
Live across from the historic Woodlawn Cemetery in the Bronx, from $519/month

Photo © Woodlawn Cemetery

March 28, 2018

Live across from the historic Woodlawn Cemetery in the Bronx, from $519/month

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Applications are now being accepted for 122 newly constructed, mixed-income apartments at Webster Commons D, one out of five buildings located at 3620 Webster Avenue. The development, which sits across from the sprawling Woodlawn Cemetery in the Bronx, was designed by Aufgang Architects and was chosen as the 2016 Project of the Year by the New York Association for Affordable Housing. Qualifying New Yorkers earning 40, 50, 100, and 110 percent of the area median income can apply for units ranging from a $519/month studio to a $1,965/month three-bedroom.
Find out if you qualify
Over the next three years, city will spend over $1B to house homeless New Yorkers in hotels

Photo via Public Domain

March 28, 2018

Over the next three years, city will spend over $1B to house homeless New Yorkers in hotels

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Officials on Tuesday said the city will spend $384 million annually over the next three years to house homeless New Yorkers in commercial hotels, despite promises to phase out the once emergency-only measure. The costs, which will total more than $1 billion, will also include creating supportive services for families, as well as amenities hotel rooms lack, like refrigerators and microwaves, according to the New York Post. Department of Homeless Services told City Council members at a hearing Tuesday that the three-year contract is temporary, but needed as the city continues to open new shelters that will eventually replace cluster sites and other underperforming shelters.
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THE 6SQFT SHOP

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Everything you need to know about affordable housing: applying, getting in, and staying put Everything you need to know about affordable housing: applying, getting in, and staying put
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For $6,500 you can buy your very own ‘Fearless Girl’ statue

The statues available for sale. Photo Credit: Jafe Parsons.

March 28, 2018

For $6,500 you can buy your very own ‘Fearless Girl’ statue

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It was bound to happen. Two-foot-high replicas of the popular, controversial "Fearless Girl" statue of a young girl standing up to Wall Street’s “Charging Bull” are now for sale, Huffington Post reports. The statue's creator, artist Kristen Visbal, is selling reproductions of the infamous statue for $6,500; the statues will be part of a limited edition with only 1,000 made in total.
How can I get one?
March 28, 2018

The final frontier of history and hip: Developments and amenities shaping the Lower East Side

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For many New Yorkers, the Lower East Side is one neighborhood that still has a lot of authenticities and good 'ole New York grit left. It has been described as Manhattan’s "last frontier of cool. The promised land of old as well as new... Where the Godfather lives side by side with a hipster movie." Put more tangibly by Benjamin Baccash of Taconic Investment Partners, the developer of LES's Essex Crossing, "The Lower East Side has wonderful restaurants, art galleries, and great street life. It’s a real neighborhood and that’s what a lot of people are looking for." In addition to great diversity, personality, and transportation, the city is undertaking huge improvements on the east river waterfront, and developers are erecting new developments at all corners of the 'hood. Ahead, 6sqft takes a look at everything that's keeping the Lower East Side a vestige of old New York during its contemporary resurgence, from massive projects like Essex Crossing to a booming art gallery scene.
As Irving Berlin once said, “Everybody ought to have a Lower East Side in their life.”
Trump-branded building in Stamford, Connecticut wants to ditch the President’s name

Trump Parc Stamford via F.D. Rich Company

March 28, 2018

Trump-branded building in Stamford, Connecticut wants to ditch the President’s name

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Stamford might be joining the ranks of Soho, the Upper West Side, Toronto, Queens and Panama. Some residents of the Trump Parc condominium in Connecticut want to remove President Donald Trump's name from their building and with new officers on its board, a vote for a name-change might be around the corner. According to the Stamford Advocate: “Some owners, in recent interviews, said a vote on the Trump name is now more likely as property values continue to decline and some owners and realtors say the name drags down prices.”
More details here
New pilot safety program gives cyclists the green light to follow pedestrian signals

Image: Wikimedia

March 28, 2018

New pilot safety program gives cyclists the green light to follow pedestrian signals

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On Tuesday, New York City Department of Transportation (DOT) officials announced a new pilot program that allows bicyclists to follow pedestrian head-start signals at 50 intersections throughout Manhattan, Brooklyn and Queens, AM New York reports. The signals at those intersections have a range of 7 to 11 seconds–known as leading pedestrian intervals (LPI)–before drivers can proceed through the intersections or make turns through crosswalks. Now bike riders can follow these pedestrian signals instead of traffic lights (legally, that is), giving cyclists the safety benefits of added visibility that pedestrians have at those intersections.
Find out more
Investor group may create its own cryptocurrency to fund purchase of the Plaza

Photo via Wally Gobetz/Flickr

March 28, 2018

Investor group may create its own cryptocurrency to fund purchase of the Plaza

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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.
READ MORE
Mike Myers finally unloads $14M Soho penthouse

Photo of Mike Myers via Wikimedia

March 27, 2018

Mike Myers finally unloads $14M Soho penthouse

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After three years on the market, Mike Myers' Soho penthouse has gone into contract. The actor bought the duplex at 72 Mercer Street back in 2007 for just under $8 million and renovated to its current contemporary state. He first listed in 2015 for $17 million, shortly after adding another unit in the building to the sale, upping the combo price to $21.5 million. This past November, Myers tried yet again, relisting the original penthouse unit for the reduced price of $14 million, and it looks like that did the trick as it's now in contract.
Get a look inside
A baronial co-op belonging to designer Francine Coffey asks $2.25M on the Upper East Side
March 27, 2018

A baronial co-op belonging to designer Francine Coffey asks $2.25M on the Upper East Side

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Designer Francine Coffey brought an elegant aestheitc--inspired by American history and the Federal era--to her co-op spanning the full parlor floor of the Upper East Side mansion at 36 East 69th Street. The prewar, baronial-feeling home spans 1,425 square feet, all of it dripping with lavish details that include fireplaces, French doors, wood moldings and decorative ceilings. Coffey has listed the grand spread for a grand total of $2.25 million.
Go inside
Three historic East Harlem buildings designated as New York City landmarks

Photos via LPC

March 27, 2018

Three historic East Harlem buildings designated as New York City landmarks

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The city's Landmarks Preservation Commission (LPC) on Tuesday officially designated three East Harlem buildings as individual landmarks, marking them as some of the neighborhood's most culturally significant structures. The landmarks include a former 19th-century meatpacking house and two former public schools. The LPC chair, Meenakshi Srinivasan, said the buildings were designated for their architectural and cultural significance. "They embody East Harlem's unique development history and recognize the civic institutions and businesses that helped shape the lives of the neighborhood's immigrant groups," Srinivasan said in a statement.
More here
An art auction in Jersey City is selling a fake ‘Naked Trump’ statue for up to $30K
March 27, 2018

An art auction in Jersey City is selling a fake ‘Naked Trump’ statue for up to $30K

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One of the original statues on display in San Francisco via torbakhopper's Flickr Fake news is always surrounding President Donald Trump and so is Stormy Daniels. Put those two together (fake & naked) and you’ve got the most recent news: an auction house based in California is selling a fake “Naked Trump” statue, unbeknownst to them. Reports out today claim one of the five original “Naked Trump” statues is going up for auction on May 2 at Julien’s Auctions at Mana Contemporary in Jersey City. But a representative from INDECLINE, the West Coast “Activist Art Collective” that created the artwork, adamantly denies that this is an original.
Get the inside scoop
Downtown’s historic glass sidewalks may become a lost relic

Vault lights in Soho, via WooJin Chung for 6sqft

March 27, 2018

Downtown’s historic glass sidewalks may become a lost relic

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Last week, 6sqft outlined the Landmarks Preservation Commission's series of new proposed rules, which "calls for more oversight by LPC staff but less time for public review" in proposals for alterations to historic buildings. But these rule changes extend further than buildings--right down to the sidewalks. As Treehugger first pointed out, one of the LPC's new rules pertains to the removal of vault lights--historic sidewalks made from small circular glass bulbs that are seen throughout Soho and Tribeca. As 6sqft previously explained, "the unique street coverings are remnants from the neighborhood's industrial past when they provided light to the basement factories below before electricity was introduced."
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The best stylish suburban staycations outside NYC
March 27, 2018

The best stylish suburban staycations outside NYC

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A staycation used to be a term people used when they were staying home and trying to make their non-vacation seem less pathetic when everyone else was hopping on a plane to an exciting locale. Now, the definition has broadened to not going far away. Thankfully, there are many staycation options to choose from in the New York City orbit - even if you limit the distance to the surrounding suburbs. Although a suburban staycation may not come to mind when you think “luxurious getaway,” not only are there amazing local options for gorgeous retreats but think of how relaxed you will be without all the headaches of travel. 6sqft found three luxurious suburban retreats less than an hour from Grand Central that can rival any five-star destination abroad. These inns are only “suburban” in their locale. Everything from their level of service to their design-forward decor will transport you far from your daily grind.
Start making your staycation plans
First rendering unveiled for Durst’s Long Island City tower, projected to be the tallest in Queens

Rendering courtesy of Durst Organization via SkyscraperPage

March 27, 2018

First rendering unveiled for Durst’s Long Island City tower, projected to be the tallest in Queens

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After picking up the Long Island City property for $173.5 million in 2016, the Durst Organization released this week the first rendering of its massive mixed-use building planned for 29-37 41st Avenue. Dubbed Queens Plaza Park, the 978,000-square-foot tower will hold 958 rental residences, as well as retail and office space. The rendering reveals a concave-shaped building which will wrap around the 90-year old landmarked Clock Tower, which is being saved and restored, as CityRealty reported.
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Saudi prince wants Trump building’s ‘grossly disproportionate’ rent lawsuit thrown out

Image courtesy of CityRealty

March 27, 2018

Saudi prince wants Trump building’s ‘grossly disproportionate’ rent lawsuit thrown out

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Trump Park Avenue LLC, a unit of President Trump's company, sued Faisal bin Abdul Majeed al-Saud in February claiming the Saudi prince signed a lease on the Manhattan condo at 502 Park Avenue in 2013 but hasn't paid rent since January 2017. Bloomberg reports that according to a complaint filed in New York State Supreme Court, the Trump Organization says the defendant agreed in June 2014 to extend his lease through June 2019. The defendant, on the other hand, says the landlord failed to comply with lease’s terms and is asking the judge to toss out a lawsuit seeking almost $2 million in unpaid rent, claiming that he gave back the keys to the penthouse last year.
More international drama and intrigue this way
JetBlue taps RXR Realty and Vantage Airport Group for JFK expansion

Rendering of JFK Airport via Gov. Andrew Cuomo’s office

March 27, 2018

JetBlue taps RXR Realty and Vantage Airport Group for JFK expansion

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JetBlue Airways this week selected RXR Realty and Vantage Airport Group to lead its planned terminal expansion at John F. Kennedy International Airport. The project, estimated to cost between $2 billion and $3 billion, will add larger gates in order to fit wider planes. JetBlue, which currently operates out of JFK's Terminal 5, will expand across to Terminal 6 and possibly Terminal 7, according to the Wall Street Journal. The proposed expansion comes over a year after Gov. Andrew Cuomo announced a $10 billion overhaul of JFK, aimed at expanding and redeveloping terminals, redesigning on-airport roadways for easier access and adding more dining and retail options. The Port Authority of New York and New Jersey, the agency which oversees the airport's operations, will work with JetBlue about if and when the project can proceed.
More details here
Brooklyn Heights wood-frame, once Truman Capote’s muse, still on the market a year later for $2M less
March 27, 2018

Brooklyn Heights wood-frame, once Truman Capote’s muse, still on the market a year later for $2M less

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The  wood-frame house at 13 Pineapple Street in Brooklyn Heights was previously noted by 6sqft for having inspired Truman Capote's words about the neighborhood in 1959: "Cheerfully austere, as elegant and other-era as formal calling cards, these houses bespeak an age of able servants and solid fireside ease; of horses in musical harness," wrote the author, referencing the 1830 Federal-era home around the corner from his own. The house, owned by the same couple for 26 years, hit the market in January of 2017 for $10.5 million. After a new price chop, the home's second in just over a year, the grey-shingled muse is asking $8.4 million.
Have another look
Ahead of next year’s opening, TWA Hotel’s second tower tops out

Photo by Max Touhey

March 26, 2018

Ahead of next year’s opening, TWA Hotel’s second tower tops out

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MCR and Morse Development's repurposing of Eero Saarinen's historic TWA Flight Center at JFK Airport into a hotel, event space and dining destination continues to move full speed ahead. The second crescent-shaped tower of the TWA Hotel officially topped out this week, nearly a year ahead of its spring 2019 opening. The hotel will contain 505 rooms, a rooftop pool, an observation deck, eight bars and restaurants and 50,000 square feet of event space. Saarinen's landmarked TWA Flight Center terminal building will serve as the hotel lobby, a 200,000-square-foot space with retail, restaurants and bars.
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City Council wants half-priced MetroCards; Sales launch at Soo Chan’s flashy High Line condo

Photo by Ged Carroll/flickr (L); Rendering of Five One Five courtesy of Neoscape

March 26, 2018

City Council wants half-priced MetroCards; Sales launch at Soo Chan’s flashy High Line condo

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The City Council is urging Speaker Corey Johnson to fund the $200 million “Fair Fares” proposal that will provide half-priced MetroCards for low-income New Yorkers. [NYDN] A report from Comptroller Scott Stringer shows that, although the number of subway riders between 5am and 7am increased by 14 percent and those between 7pm and 11pm by 13 […]

New looks at Manhattan West and Empire Station developments show the future Midtown West

Via Visualhouse

March 26, 2018

New looks at Manhattan West and Empire Station developments show the future Midtown West

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Imagine a future Midtown West with state-of-the-art retail and office towers, an abundance of open green space and an attractive, efficient transit station. While plans to bring all of that is in the works, it could be years away from becoming reality. As CityRealty learned, one of the neighborhood's busiest developers, Brookfield Properties, is giving us a preview of what the area will eventually look like, with new renderings for its expansive, six-building Manhattan West project. Plus, the developer also created a CGI video that provides a virtual tour of the Empire Station, the hall currently undergoing renovations at Penn Station.
Take a peek
New company Floyd will deliver furniture to your door in five hours

The table, courtesy of Floyd

March 26, 2018

New company Floyd will deliver furniture to your door in five hours

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Is there anything you can’t get delivered same-day in NYC? New Yorkers have always been able to get pizza at a moment’s notice but now you can get restaurant deliveries, pharmacy items, groceries (even Walmart, which doesn’t have any local stores, is getting on that game), wine and, yes, sex toys. Now, Fast Company reports that newcomer Floyd, a Detroit-based furniture company, will deliver same-day furniture. Most furniture companies take 6-8 weeks from order time to delivery but Floyd is taking notes from Amazon and shaking things up: "We saw [same-day delivery] as a real differentiator, changing how people buy furniture.” For a company that wants to dethrone IKEA, taking notes from Amazon is probably a good start.
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Carole Teller’s ‘Changing New York’ captures the city’s 20th-century transformation

Washington Square Arch wrapped by artist Francis Hines, 1980 © Greenwich Village Society for Historic Preservation/Carole Teller

March 26, 2018

Carole Teller’s ‘Changing New York’ captures the city’s 20th-century transformation

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Change in New York is an expected norm, sometimes so constant it almost goes unnoticed. It’s such an ingrained part of the New Yorker’s experience, we often forget just how much our city has transformed, and what we have left behind. To help us remember, we have Carole Teller. A Brooklyn-born artist who’s lived in the East Village for over 50 years, Carole’s also a photographer with a keen eye for capturing defining elements of New York’s cityscape, especially those on the verge of change or extinction. Fortunately for us, Carole kept the hundreds of pictures she took scouring the streets of NYC between the early 1960s and early 1990s. She recently unearthed them and shared them with the Greenwich Village Society for Historic Preservation for inclusion in its online Historic Image Archive. What follows are just a few photos from what we call “Carole Teller’s Changing New York.”
See some of the most captivating photos
Lottery launches for 38 affordable units at an amenity-rich Clinton Hill building, from $735/month

Rendering via HTO Architect

March 26, 2018

Lottery launches for 38 affordable units at an amenity-rich Clinton Hill building, from $735/month

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Located within walking distance to the Barclays Center and Prospect Park, a newly constructed building at 555 Waverly Avenue in Clinton Hill has 38 affordable apartments up for grabs. The eight-story building, situated between bustling Fulton Street and Atlantic Avenue, features amenities like on-site parking, a landscaped roof deck, indoor lounges and a 1,500-square-foot fitness center. Qualifying New Yorkers earning 60 percent of the area median income can apply for the units ranging from $735/month studios to $888/month two-bedroom apartments.
Find out if you qualify
Ditmas Park house featured in ‘Futurama’ asks $2.2M
March 26, 2018

Ditmas Park house featured in ‘Futurama’ asks $2.2M

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In addition to being an enchanting single-family home with a big front porch and a garage, this Ditmas Park house at 516 Rugby Road has the fun history of being the home of "Futurama" star Philip J. Fry (h/t Curbed). The seven-bedroom house was the childhood home of one of the popular cartoon's writers, Eric Kaplan. The well-preserved 1905 Brooklyn home is asking $2.195 million.
Take the tour
Approved spending bill includes funding for Gateway project, but on Trump’s terms

The path for a future Hudson River tunnel is being preserved at Hudson Yards, photo via Amtrak

March 26, 2018

Approved spending bill includes funding for Gateway project, but on Trump’s terms

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Update 3/26/18: While Congress on Thursday approved the $1.3 trillion spending bill, the package does not include direct funding for the Gateway tunnel project. Instead, the bill provides $650 million for Amtrak's Northeast Corridor and allocates over $2 billion in available grants for which the Gateway Program Development Corp. can apply. President Donald Trump, who threatened to veto the spending bill if funding for Gateway was included, and his administration will remain in control of Gateway's funding fate. The Department of Transportation (DOT) said in a statement that the bill "removes preferential treatment for the New York and New Jersey Gateway projects." And DOT board members, appointed by the president, review all federal grants to Amtrak, as Bloomberg reported. After months of back-and-forth negotiations among politicians, the Gateway tunnel project might get another chance at survival. The project, which would construct a new rail tunnel under the Hudson River and repair an existing one, could potentially receive up to $541 million in a tentative $1.3 trillion spending bill drafted by Congress on Wednesday, according to the New York Times. Although the bill does not mention Gateway by name, provides way less than the $900 million planners sought for the project, and has been opposed by both President Donald Trump and Speaker Paul Ryan, the tentative spending bill has made supporters more hopeful about the project's future. The bill will go to a vote in the House on Thursday, followed by the Senate.
More details here

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