Real Estate Wire: Luxury Tower Rising Along the AirTrain; No Picket Fences for This Generation
- 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The Crossing sited along the AirTrain (left); Outdated white picket fence dreams (right)
