Search Results for: -fifth avenue

Google to buy Chelsea Market building for $2.5B, the second largest single sale in NYC history

Photo of Chelsea Market via Wikimedia

February 6, 2018

Google to buy Chelsea Market building for $2.5B, the second largest single sale in NYC history

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Editor's Note: The New York Post reports Google will buy Chelsea Market for $2.5 billion, which would make it the second biggest single sale in the city's history. It closely follows the $2.8 billion purchase of the GM Building in 2007. Google has entered contract with Jamestown LP to buy the Chelsea Market building for over $2 billion. As 2018's first billion dollars plus transaction in New York, the deal is expected to close sometime in the next two months, according to the Real Deal. This will further the tech giant's presence in the Manhattan neighborhood; it is currently the biggest tenant at 75 Ninth Avenue and its headquarters are located across the street at 111 Eighth Avenue.
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West Side art center The Shed plans a pre-opening exhibit this spring

Rendering by NLÉ Works

February 6, 2018

West Side art center The Shed plans a pre-opening exhibit this spring

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About one year before opening in the spring of 2019, The Shed, the art center rising near Hudson Yards, will present a free event on an undeveloped lot at 10th Avenue and 30th Street. The multi-arts exhibit will happen between May 1st to May 13th, just one block away from the center's future home. "We are temporarily transforming an empty lot into a flexible public space for new work, collaboration, and dialogue," Alex Poots, CEO of The Shed said in a press release. That means a cool temporary space, designed by the architect Kunlé Adeyemi of NLÉ Works and artist Tino Sehgal, to host a variety of music, dance and performance.
Read more about the upcoming shows
As New York struggles with basic maintenance, global cities build cheaper, better infrastructure

Construction workers giving a tour of the Second Avenue subway; photo via the MTA on Flickr

February 6, 2018

As New York struggles with basic maintenance, global cities build cheaper, better infrastructure

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The exorbitant construction costs of building transit projects, coupled with project delays, could make the New York region lose jobs and businesses to other global cities that are completing transit projects in a more timely, and economical, fashion. A report released on Tuesday from the Regional Plan Association (RPA) says high-costs and delays are ingrained in every part of the public-project delivery, including too-long environmental reviews, inaccurate project budgets and timelines and a lack of communication with labor unions. In their report, the RPA analyzed three projects and their costs and delivery issues: the Second Avenue Subway, East Side Access and the extension of the 7-train.
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Live on Bergen Street in Crown Heights North for $2,415 a month; lottery launches today

Photo courtesy of City View Living

February 6, 2018

Live on Bergen Street in Crown Heights North for $2,415 a month; lottery launches today

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A housing lottery has launched for five newly-constructed middle-income units at 876 Bergen Street in the rapidly growing Crown Heights neighborhood of Brooklyn. The 8-story, 16-unit building is located near Classon Avenue surrounded by popular restaurants, bars and lots of public transportation options. Amenities include an outdoor garden, a rooftop lounge, 24-hour security cameras, a laundry room and bike storage. Qualifying New Yorkers earning 130 percent of the area median income can apply for one-bedroom apartments for $2,415/month.
Find out if you qualify
Extell’s Brooklyn Point tower will have the highest rooftop pool in the city

Brooklyn Point renderings via Williams New York

February 5, 2018

Extell’s Brooklyn Point tower will have the highest rooftop pool in the city

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It's no surprise that the supertall savants at Extell--who are currently constructing the 1,550-foot Central Park Tower as the world's tallest residential building--used their first foray into Brooklyn to smash yet another sky-high record. The Post reports that the developer's City Point tower, dubbed Brooklyn Point, will boast the highest rooftop pool in the entire city. Sitting at the top of the 720-foot luxury condo at 138 Willoughby Street, it will be a 27-foot-long saltwater infinity pool, complete with a full lounge area, a stargazing observatory, and space for outdoor movie screenings.
More details and views ahead
NYC RENTALS: This week’s roundup of rental news & offers

Images (L to R): 325 Kent Avenue, Instrata Gramercy, 63 Wall Street and Watermark LIC

February 3, 2018

NYC RENTALS: This week’s roundup of rental news & offers

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Images (L to R): 325 Kent Avenue, Instrata Gramercy, 63 Wall Street and Watermark LIC Leasing Launches at 490 Lefferts Avenue; New Brooklyn Rentals Start at $2,000/Month Long Island City Hot Block: Live at the Crescent Club and Get 1 Month Free 63 Wall Street Luxury Rentals: 2.5 Months Free on 17 Month Leases + […]

The Urban Lens: ‘Once in Harlem’ is a portrait of ’90s New York City
February 2, 2018

The Urban Lens: ‘Once in Harlem’ is a portrait of ’90s New York City

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6sqft’s series The Urban Lens invites photographers to share work exploring a theme or a place within New York City. In this installment, Katsu Naito shares his 1990s portraits from Harlem. Are you a photographer who’d like to see your work featured on The Urban Lens? Get in touch with us at [email protected]. In 1983, when Katsu Naito immigrated to America at the age of 18, he spoke barely any English. Growing up in Maebashi, a small city about 90 miles north of Tokyo, he had never heard of Harlem before moving to New York but was drawn to the energy of the neighborhood, quickly realizing he wanted to document it with his camera. Now, more three decades since he first fell in love with Harlem, Naito’s photos of the 'nabe's residents in the early to mid-‘90ss are being published in a book and unintentional time capsule titled “Once in Harlem,” out now from TBW Books. 6sqft chatted with Naito about his journey and what makes Harlem so special to him, and he shared a collection of his amazing images.
See them all here
Apply for a mixed-income apartment in a glassy new Hudson Yards tower, from $613/month

Photo: CityRealty

February 2, 2018

Apply for a mixed-income apartment in a glassy new Hudson Yards tower, from $613/month

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CityRealty recently reported on the progress of the under-construction rental building at 515 West 36th Street, bringing us snapshots of the 39-story Midtown West tower, which topped out over the summer; next to arrive was its sleek glass facade. The mixed-use building will contain 250 rental units upon completion. A lottery launched today for 63 of those units set aside as low- and middle-income studios, one- and two-bedroom apartments. Qualifying New Yorkers earning 40, 60 and 130 percent of the area median income can apply for units ranging from $613/month studios to $2,733/month two-bedrooms.
Find out if you qualify
How an East Village building went from gangster hangout to Andy Warhol’s Electric Circus

Google Street View of 19-25 St. Mark’s Place today

February 1, 2018

How an East Village building went from gangster hangout to Andy Warhol’s Electric Circus

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Fifty years ago this week, the Velvet Underground released their second album, "White Light/White Heat." Their darkest record, it was also arguably the Velvet’s most influential, inspiring a generation of alternative musicians with the noisy, distorted sound with which the band came to be so closely identified. Perhaps the place with which the Velvets have come to be most closely identified is the Electric Circus, the Andy Warhol-run East Village discotheque where they performed as the house band as part of a multi-media experience known as the "Exploding Plastic Inevitable." Many New Yorkers would be surprised to discover that the space the club once occupied at 19-25 St. Mark's Place has since been home to a Chipotle and a Supercuts. But the history of the building that launched the career of the godfathers of punk is full of more twists, turns, and ups and downs than one the Velvet’s extended distorted jams that once reverberated within its walls.
The whole history right here
$749K co-op in Prospect Heights has prewar charm with customized touches
February 1, 2018

$749K co-op in Prospect Heights has prewar charm with customized touches

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This apartment comes from one of the grand prewar co-op buildings off Eastern Parkway, located in the Prospect Heights Apartment House District and designed to be Brooklyn's alternative to Park Avenue. Located at 135 Eastern Parkway and known as the Turner Towers, the 1926 building holds nearly 200 lovely prewar pads. This one, now on the market for $749,000, is an oversized one- bedroom with beamed ceilings, plaster details, herringbone parquet, the original hardware, and vintage doors. Those classic elements are joined by some more modern, customized touches in storage. The Prospect Heights apartment's grown significantly in value since 2008, when it last sold for $450,000.
See the full space
A $2.5B plan will bring an additional 5 million square feet to the Brooklyn Navy Yard

Overview of Brooklyn Navy Yard via Brooklyn Navy Yard Development Corporation

February 1, 2018

A $2.5B plan will bring an additional 5 million square feet to the Brooklyn Navy Yard

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The transformation of the Brooklyn Navy Yard from a warship building site into an industrial tech-hub got an extra boost this week after a non-profit announced a $2.5 billion building plan that would quadruple its current workforce. As Bloomberg first reported, the Brooklyn Navy Yard Development Corporation, which serves as the site's property manager on behalf of the city, plans to add 5.1 million square feet of manufacturing space to the site, with a little over half of it going towards one large complex.
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Jon Bon Jovi sells West Village duplex for $16M

Photo of Bon Jovi via Wikimedia

January 31, 2018

Jon Bon Jovi sells West Village duplex for $16M

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For $15.995 million, Jersey rocker Jon Bon Jovi has finally sold his duplex apartment at 150 Charles Street, a celebrity haven in the West Village. But the "Livin' on a Prayer" singer isn't moving too far away; he recently bought a nearly $19 million apartment in the Greenwich Lane, a condominium project that stretches almost a full city block between 12th and 11th Streets off Seventh Avenue. While Bon Jovi attempted to sell the duplex as a $29.5 million combo unit with a neighboring duplex this summer, the apartment went into contract alone, for $15.995 million, according to the Wall Street Journal.
Check it out
INTERVIEW: Flank Development’s Mick Walsdorf on bringing timber construction back to NYC

360 Wythe Avenue, courtesy 320 and 360 Wythe/Flank

January 31, 2018

INTERVIEW: Flank Development’s Mick Walsdorf on bringing timber construction back to NYC

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Last November, news broke that Manhattan-based firm Flank Architecture + Development would construct two mid-rise office and retail buildings made of timber in Williamsburg, Brooklyn, the first to be built in New York in over a century. Located at 320 and 360 Wythe Avenues, they are currently rising three and five stories, constructed from raw Canadian wood, which will be engineered into nail-laminated timber panels. The timber structure will rise above the concrete foundation, then it'll be covered by a brick facade. Flank co-founder Mick Walsdorf has said the ambitious project "will expand the limits of traditional construction and usher in a new era of sustainability-minded building practices." The firm has grown significantly since Walsdorf and Jon Kully were studying together at Columbia's Graduate School for Architecture, envisioning the possibilities of a joint architecture and development firm. Since then Flank has tackled the development and design of residential and commercial projects across the city, from The Boerum condominium in Brooklyn to the condo conversion at 40 Walker Street in Tribeca. With 6sqft, Mick discusses the history of the firm and the benefits of tackling both the architecture and development side of a project in New York City. He also gets into detail about why Flank decided to take on timber construction, and how construction is expected to unroll this year.
Keep reading for the full interview
Affordable senior housing development is the first building to open at Essex Crossing
January 30, 2018

Affordable senior housing development is the first building to open at Essex Crossing

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Nine months after the housing lottery launched at Dattner Architects' 175 Delancey Street, a 100 percent affordable building for seniors at the Lower East Side's Essex Crossing, Mayor de Blasio has announced that the development is officially open. Not only does this mark the first opening for the nine buildings rising at the 1.9 million-square-foot mega-development, but the ceremony held earlier today included the "emotional homecoming of six New Yorkers displaced from their homes 50 years ago" when the area's working-class tenement district was razed under a Moses-era urban renewal initiative. Since that time, debates over what to do with the vacant area raged on, with local residents and affordable housing advocates such as Frances Goldin advocating that it be used for low-income housing. To mark these efforts, and their ultimate success, 175 Delancey Street was named the Frances Goldin Senior Apartments.
Find out more here
Union Square tech hubbub heats up ahead of public review date with mayor’s latest rezoning bid

Rendering via NYCEDC

January 30, 2018

Union Square tech hubbub heats up ahead of public review date with mayor’s latest rezoning bid

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In what may be shaping up to be one of New York City's biggest preservation battles of the coming year, Mayor Bill de Blasio's application Monday for a rezoning in order to move forward with a proposed tech hub at 124 East 14th Street in Union Square led neighborhood preservation and affordable housing groups to escalate cries of protest. Community organizations, including the Cooper Square Committee and the Greenwich Village Society for Historic Preservation (GVSHP), restated the urgent need for assurance that rezoning would come with protections for the adjacent residential neighborhood. Preservationists fear the creation of a new "Silicon Alley" near Union Square will bring rent hikes and more condo and office towers. The proposed tech center, which the mayor hopes will nurture budding entrepreneurs in the technology field and bring over 600 jobs to New Yorkers, is planned at the site of a P.C. Richard & Son store, in an area already filled with new developments with more on the way.
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To fund MTA projects, Cuomo calls for a tax increase on properties near the subway

Second Avenue Subway station, courtesy of Governor Cuomo’s Flickr

January 29, 2018

To fund MTA projects, Cuomo calls for a tax increase on properties near the subway

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Gov. Andrew Cuomo's proposed FY 2019 budget, released earlier this month, calls on New York City to increase its funding to the cash-strapped Metropolitan Transportation Authority, forcing the city to pay half of the authority's $836 million emergency action plan. Another provision in the governor's proposal allows the MTA to create special "transit improvement" districts and impose higher taxes on property owners in these areas in order to raise money for subway repairs and projects. According to the New York Times, the governor's plan, known as "value capture," would apply to future projects that would cost over $100 million. Like most issues involving both state and city cooperation, this proposal has continued the rift over MTA funding between the governor and Mayor Bill de Blasio, who has already expressed disapproval of the plan.
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Patti Smith and Robert Mapplethorpe’s one-time Clinton Hill townhouse is $8,000/month

Photo fo Patti Smith and Robert Mapplethorpe via Rena Silverman/Flickr

January 29, 2018

Patti Smith and Robert Mapplethorpe’s one-time Clinton Hill townhouse is $8,000/month

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The second floor of this Clinton Hill townhouse at 160 Hall Street once housed punk legend Patti Smith and her then-boyfriend, photographer Robert Mapplethorpe. The year was 1967, and the rent was $80 a month. As the New York Post points out, that translates roughly to about $600 a month today. Now, the completely renovated townhouse dating back to 1901 is on the market for a whopping $8,000 a month. And it's far from "aggressively seedy" as Smith once described it.
Take a look around
MTA plans wonky routes for D and 4 trains, and more weekend service updates

Photo by Giuseppe Milo / Flickr

January 26, 2018

MTA plans wonky routes for D and 4 trains, and more weekend service updates

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Photo by Giuseppe Milo / Flickr This weekend, 1, G, Q, and L riders are in luck: trains will operate as usual (so, expect issues, but no scheduled ones). All other straphangers, especially those on the D and 4 trains: brace for service changes. Prepare both mind and schedules by debriefing with the below:
Subway foresight makes for a better weekend
The Eleventh, Bjarke Ingels’ pair of twisting towers, takes shape along the High Line
January 26, 2018

The Eleventh, Bjarke Ingels’ pair of twisting towers, takes shape along the High Line

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The Eleventh, a pair of slanted towers designed by Bjarke Ingels', officially went vertical in West Chelsea this week. Developed by HFZ Capital, the two-building complex at 76 Eleventh Avenue sits near the High Line between West 18th and 17th Streets. A space between the buildings at their base gives the illusion that the buildings are being pulled apart, and its ruled corners highlight the towers' movement. The project is expected to be completed sometime in 2019.
See it here
How the Manhattan neighborhood of Turtle Bay got its name

Turtle Bay and Blackwell’s Island around 1840 at the foot of what now is 49th Street, courtesy the Turtle Bay Association

January 26, 2018

How the Manhattan neighborhood of Turtle Bay got its name

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The Manhattan neighborhood of Turtle Bay, a stretch of Midtown East that holds everything from skyscrapers to brownstones, has a history dating back to 1639. Modern-day New Yorkers might envision the area got its name from "hundreds of turtles sunning themselves on the rocks along the East River between 45th and 48th Streets," as Ephemeral New York puts it. Back then, that's where an actual bay was once located in Colonial-era Manhattan, surrounded by meadows, hills and a stream that emptied at the foot of today’s 47th Street. Some historians do think actual turtles lent to the neighborhood name, as they were plentiful in Manhattan at the time and were commonly dined on. But another reading of history suggests otherwise.
The name may have been a mistake
Six things you didn’t know about the Prospect Heights Apartment House District

Photo courtesy of the Prospect Heights Neighborhood Development Council

January 26, 2018

Six things you didn’t know about the Prospect Heights Apartment House District

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This post is part of a series by the Historic Districts Council, exploring the groups selected for their Six to Celebrate program, New York’s only targeted citywide list of preservation priorities. Constructed on a lost fragment of the original footprint of Prospect Park, the Prospect Heights Apartment House District is a concentration of 82 apartment buildings dating from 1909-1929. This development was promoted by the Prospect Park Commissioners to attract high-quality construction to complement the nearby Park, Brooklyn Museum, Brooklyn Botanic Garden and Brooklyn Public Library. The buildings, representative of a period in Brooklyn history when building patterns shifted to accommodate a rising middle class, remain exemplary for their architectural integrity and as housing stock for a diverse population. As one of this year's Six to Celebrate recipients, the Prospect Heights Neighborhood Development Council and the Cultural Row Block Association on Eastern Parkway are working to garner local support and submit a proposal for historic district status from the LPC.
Find out six little-known facts about this handsome district
City selects de Blasio donors to build pair of towers on NYCHA property in Boerum Hill

Rendering of 120 3rd Avenue via Aufgang Architects

January 26, 2018

City selects de Blasio donors to build pair of towers on NYCHA property in Boerum Hill

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The city announced on Thursday their selection of two developers, Arker Companies and Two Trees Management, to build two 16-story apartment towers on parking lots at Wyckoff Gardens, a New York City Housing Authority property in Brooklyn. However, according to the Daily News, the owners of both companies have raised a total of $124,600 for Mayor Bill de Blasio, bringing into question the influence of donations on the city's choice of the two developers.
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The Urban Lens: Pilot-turned-photographer Jeffrey Milstein ‘leans out’ to capture NYC from above

5th Avenue/Midtown. Photo © Jeffrey Milstein

January 25, 2018

The Urban Lens: Pilot-turned-photographer Jeffrey Milstein ‘leans out’ to capture NYC from above

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6sqft’s series The Urban Lens invites photographers to share work exploring a theme or a place within New York City. In this installment, Jeffrey Milstein shares his amazing aerial photos. Are you a photographer who’d like to see your work featured on The Urban Lens? Get in touch with us at [email protected]. In New York, it's typical for tourists to look up and ogle the skyscrapers, while locals generally walk head down towards the pavement. So who then, is stereotyped as looking down upon the city from above? Gods, pilots, and photographers are among the limited answer options, and Jeffrey Milstein checks two of these boxes. He's extensively photographed both aerial shots of cities and the aircrafts that allow him to do so. Milstein's series of NYC photos, "Leaning Out,” makes the city out to be more pattern than people. From his height, New York becomes a series of shapes, some quickly recognizable – the leafy expanse of Central Park, the top of a Macy’s Day float – others less so – the cheery tops of Coney Island’s amusements, the map-like expanse of the American Museum of Natural History. 6sqft got a chance to chat with Milstein about the surreal experience of capturing New York from the sky and his new exhibit at the Benrubi Gallery, which features his aerial shots of both New York and LA and opens tonight.
Lean out
Leonardo DiCaprio is renting at this shiny new Nomad tower

Promotional photo of 172 Madison Avenue; Leonardo DiCaprio photo via UN Climate Change/Flickr

January 25, 2018

Leonardo DiCaprio is renting at this shiny new Nomad tower

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Leonardo DiCaprio has spent the last few months breaking in a newly-minted three-bedroom penthouse apartment at the shiny new development at 172 Madison Avenue, according to the New York Post. He's starring in Quentin Tarantino's Charles Manson-themed movie, set to be released in 2019–his first big gig since his Oscar turn in 2015’s “The Revenant.” Leo has been living in a three-bedroom unit in the recently-completed luxury condo "for several months,” a spy says.
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MTA funding dispute postpones $200M of Cuomo’s subway stations renovations

R211 subway car prototype © MTA/Flickr

January 25, 2018

MTA funding dispute postpones $200M of Cuomo’s subway stations renovations

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The board of the Metropolitan Transportation Authority on Wednesday delayed a vote on construction contracts to renovate two stations in the Bronx and six in Manhattan after MTA members, appointed by Mayor Bill de Blasio, objected. The contracts fall under Gov. Andrew Cuomo's $1 billion plan to outfit 33 subway stations with countdown clocks, LED lighting, USB ports and other amenities. The board's city representatives questioned why so much money was being put towards unnecessary, cosmetic improvements at stations that are in decent condition already, instead of funding signal and track repairs. As the New York Times reported, the decision to postpone the vote has ramped up the public dispute between de Blasio and Cuomo over MTA funding.
More this way
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