Real Estate Wire: Luxury Tower Rising Along the AirTrain; No Picket Fences for This Generation

Posted On Thu, October 23, 2014 By

Posted On Thu, October 23, 2014 By In Real Estate Wire

  • Someone is building a luxury residential building next to the AirTrain station. The Crossing, as it’s called, will host 580 units with roof terraces and a 24-hour doorman among other amenities. [DNA Info]
  • “No Picket Fence”. New Yorkers in their 20s and 30s are increasingly looking for appealing rentals as opposed to buying, and developers are responding. [NYT]
  • Extell will pay $24.7 million to the Park Avenue Christian Church for their air rights in order to bring a new residential tower at the site of the church’s parish. [TRD]
  • Here’s a colorful plan to turn the Coignet Building neighboring the Gowanus Whole Foods into an opera house. [Curbed]

The Crossing sited along the AirTrain (left); Outdated white picket fence dreams (right)

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