Real Estate Wire: A Portfolio of Parking Lots Worth $250M; Upgrades Planned for Grand Central Get Flack

September 12, 2014
  • The Brooklyn shtetls that have embraced Crown Heights’ new hipster neighbors. [Tablet]
  • An Afro-Caribbean has raised $7.5M to turn a long-vacant East Harlem firehouse into a new cultural center. [NYDN]
  • New York state’s Empire State Development Corporation is trying to seize seven properties for Atlantic Yards Project through eminent domain. A judge was asked to determine compensation for the properties’ owners. [DNA Info]
  • The $210M improvements planned for Grand Central’s subway station have been met with criticism. Locals aren’t convinced that the changes in the pipeline reflect the project’s lofty price tag. [WSJ]
  • A package of eight family-owned parking garages in Manhattan and Brooklyn that recently hit the market could net $250M. [TRD]

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