• The Arthur G. Cohen Estate has put in a $205M bid for the Chelsea Dream Hotel. [CO]
• New York isn’t expensive as you think it is. If you’re rich by U.S. standards, you’re probably also rich by New York standards according to these two graphs at Slate and Vox. [Slate/Vox]
• The Annabelle Selldorf-designed 42 Crosby Street will have $1M parking spots. [NYT]
• Lightstone Group has struck a deal with the EPA to clean up a toxic Gowanus site in order to bring 700 new condos the area. The decontamination effort will cost the developer $20M. [Crain’s]

42 Crosby Street (left); The proposed Gowanus condos (right)

Tags : 42 Crosby Street, Annabelle Selldorf, Forest City Ratner, skanska USA