Search Results for: -fifth avenue

When the Second Avenue gas explosion tore through three East Village buildings in March 2015, George Pasternak lost his property at 123 Second Avenue, which housed the famed Pommes Frites and a deli, by no fault of his own. And when the city demolished what remained, he was charged $350,000. But this past March, he listed the vacant lot for $9.7 million, and now 6sqft has uncovered property records that show he's made the sale for $6 million, significantly less than the asking price.
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Real Estate Trends

September 26, 2016

Second Avenue Subway may miss December opening date

After 100 years of chatter surrounding a Second Avenue Subway, it's no surprise that the MTA can't seem to stop flip-flopping on whether or not the line will meet its December opening date. In April of 2015, the agency announced that Phase I was 82 percent complete and on schedule, but this past June, reports of construction snafus signaled what many felt was an inevitable delay. NBC New York now confirms that the MTA is reassessing its timeline due to issues with elevator and escalator testing at the 72nd Street station.
More info right here

Transit

August 22, 2016

Off the avenue: Is Park Avenue losing its edge in the office market?

Park Avenue has for decades been the office district of choice for many of the city's high-profile–and high-rent–corporations. But a recent Crain's article points to impending departures–such as the decision of investment firm Black Rock to decamp for new space in Hudson Yards or the World Trade Center, raising the question of whether the avenue's biggest office zone, from East 45th to East 59th streets, is falling out of favor with big-ticket business tenants. The city's office market is, without a doubt, changing. Industries like tech are growing and the financial industry is consolidating and in some cases downsizing its office space. The neighborhood, which charges the city's highest average rents, has been slow to catch up with the needs of new office tenants.
People moving out, people moving in

Real Estate Trends

August 9, 2016

Sixth Avenue Adorama Site May Be the First Battle Over Mayor’s New Housing Program

The New York Times reports on what is looking like the first of many fights involving the mayor’s new mandatory inclusionary housing (M.I.H.) program which went into effect earlier this year. While the project, a 17-story condominium slated to replace a Manhattan parking lot and two low-rise buildings–one of which houses the venerable Adorama camera store–may not be especially noteworthy, as one of the first developments that may use the new zoning/housing rules, the outcome has the potential to affect thousands of lower-income units in the future. So it's worth following the outcome, even though, as City Planning Commissioner Carl Weisbrod puts it, "like any legislative action, it will take time for every scenario to play out.”
What's the battle all about?

August 2, 2016

The Gentrification of Williamsburg’s Bedford Avenue; Frisbee Masters Headed to New York

The championship for Freestyle Frisbee–a combination of gymnastics, dance, performance art and Frisbee–is coming to Brooklyn. [WSJ] A survey of Williamsburg’s Bedford Avenue as it approaches “peak post-gentrification.” [Curbed] Inside Brooklyn’s first Apple store (on Bedford Avenue). [Architizer] Summer Streets returns this weekend, and there will be a three-story waterslide at Foley Square. [Gothamist]

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July 27, 2016

Kelsey Grammer Lists Chelsea Condo in Jean Nouvel’s 100 Eleventh Avenue for $9.75M

By Annie Doge

While in the midst of a very public divorce from third wife Camille in 2010, actor Kelsey Grammer moved from their 15 Central Park West pad to a much more mod condo at Jean Nouvel's glassy 100 Eleventh Avenue in west Chelsea. Apparently, says the Observer, he tried to keep the $6.4 million purchase "top-secret" as he was "buying it for himself and his then-mistress Kayte Walsh." The "Frasier" star eventually married Walsh, and they now have two children together; his publicist confirmed that he's listed the three-bedroom spread for $9.75 million since they've "outgrown" the space.
Check it out

July 7, 2016

Can the Second Avenue Subway Bring New Yorkers Back to the Upper East Side?

By Michelle Sinclair Colman

Ah, the Second Avenue Subway. It’s been the topic of discussion for over 96 years (yes, the line has been in the works since 1920) and it is finally nearing completion despite reports of delays due to last minute design changes and absentee workers. But the question is, will the Second Avenue subway revitalize the Upper East Side? […]

June 22, 2016

Poll: Will Phase One of the Second Avenue Subway Open on Time?

New Yorkers have learned to take deadlines and budgets from the MTA with a grain of salt, and the Second Avenue Subway may be the worst offender since it was first proposed all the way back in the 1920s. But the past couple years have restored some hope; in April 2015, it was announced that Phase I of the project was 82 percent complete and on track for its December 2016 opening, and last summer the MTA even went so far as to say the entire line could open sooner than originally planned. But yesterday the Post reported that there's a good chance the Second Avenue Subway won't be finished on time, blaming construction crews not showing up for work. This has put inspections behind schedule, and therefore "the agency has only completed 67 percent of the testing and needs to do another 1,100 checks by October."
What do you think this means for the deadline?

Transit

May 27, 2016

MTA Flaunts Future Subway Map With Second Avenue Line

Perhaps in an attempt to distract disgruntled riders from looming shutdowns and never-ending delays, the MTA has released a new subway map that features stations along phase one of the Second Avenue line and the reinstated W line to Astoria. The former isn't planned to open until December (which, as Gothamist notes, we'll believe when we see) and the latter November, but if you were stuck on a sweaty platform this morning, this eye candy is surely a welcome treat.
See the full map here

Transit

May 26, 2016

C3D Architecture’s 232 Seventh Avenue Begins Its 17-Floor Climb in Chelsea

By Ondel Hylton and Julian Friedman

Near Chelsea's raggle-taggle intersection of Seventh Avenue and 23rd Street, a new residential building has begun its 17-floor rise skyward. The 53,135-square-foot tower designed by C3D Architecture will boast 50 rental apartments with first and cellar levels dedicated to commercial and retail uses. Floors two through 11 will be configured with four apartments per floor and floors 12-16 just two apartments apiece. According to C3D, the exterior will be clad in a subdued mix of limestone and metal panels with full-height glass windows wedged in between. The second floor will be provided a large rear terrace and all levels above will have west-facing balconies. The twelfth floor is setback and the uppermost four levels will be outfitted with street-facing balconies.
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April 25, 2016

First Look StudiosC’s Bed Stuy Rental Underway at 1875 Atlantic Avenue

Over the next decade, Brooklyn's Atlantic Avenue will likely continue its transformation from high-speed deathtrap to high-density residential boulevard. With more than a dozen projects already taking shape near its western extents, such as the 16-tower Pacific Park project, Cobble Hill's LICH redevelopment, and a pair of towers at Brooklyn Bridge Park, it's not difficult to imagine infill developments progressing eastward, rising from the acres of underutilized land along the ten-mile artery. And in East New York, the City Council just approved a rezoning of the neighborhood that allows for 10- to 14-story apartment blocks to rise along Atlantic Avenue. In Bedford-Stuyvesant, in between the two much-discussed areas, StudiosC Architects has crafted an eight-story apartment block at 1875 Atlantic Avenue, which will contain 118 rental units.
Get all the details on the building

April 21, 2016

First Domino Sugar Refinery Tower at 325 Kent Avenue Now Rising Above Williamsburg

After breaking ground last spring, the first tower of Two Trees' three million-square-foot Domino Sugar Refinery Master Plan has finally lifted out of the ground. Addressed 325 Kent Avenue (Site E), the 400,000-square-foot building rises one block inland from the East River waterfront and the remaining five parcels of the master plan. The future 16-story, 189-foot-tall project covers three-quarters of its block bound by Kent and Wythe Avenues and South 3rd and 4th Streets. All in all, the two-winged tower will hold a whopping 522 rental units, making it the second largest residential building in Williamsburg after the also-in-construction 2 North 6th Street.
Find out more about the development

April 4, 2016

MTA Takes Steps to Open 7 Train Station at 10th Avenue

Last month, the Port Authority of of New York and New Jersey officially launched a design competition for a new bus terminal, which could cost up to $10 billion and require the use of eminent domain. A new Port Authority Bus Terminal aims to accommodate tens of thousands of additional riders, many of whom will then need to connect to a subway line. To accommodate all these potential new riders, the MTA is looking to revive its past plan of building a 7 train station at 10th Avenue and 41st Street, reports Crain's, which could cost up to $1 billion.
Find out more

Transit

March 31, 2016

Take a Virtual Tour of Don Draper’s Mod Park Avenue Apartment from ‘Mad Men’

It's been almost a year since "Mad Men" ended its seven-season run, but if you're jonesing for a fix of mid-century nostalgia, it's your lucky day. ArchDaily, in collaboration with Archilogic, has created a virtual tour of Don Draper's swanky Upper East Side apartment that he moved into in season five with his new wife Megan. From the sunken living room and orange kitchen cabinets to the white carpet and retro window treatments, set designer Claudette Didul didn't miss a beat when designing an authentic 1966 residence. But as ArchDaily points out, she also managed to create "a psychogram of a man who is about to fall apart at the seams."
See and learn more about Don Draper's pad

March 15, 2016

First Look at Austere East Harlem Tower Set for 1790 Third Avenue

Foundation and groundwork is making headway for an upcoming rental tower at 1790-1792 Third Avenue in East Harlem. Here's our first look at the IBI Group-Gruzen Samton-designed building that will bring some 95 new rentals to the block, where it will be the tallest structure, rising 13 stories and encompassing 48,377 gross square feet of space. The rather austere design features a gunmetal-grey facade, a single setback at the ninth floor, and south-facing lot-line windows that are allowed because the developers secured the adjacent building's air rights. According to the approved permits, there will be an ambulatory facility and commercial retail space at the ground floor, and residential amenities will include a roof deck and bike storage. Some upper floor units will have views overlooking the tree-filled Cherry Hill Playground, the recently rehabilitated El Barrio's Artspace PS109, and the East River.
More ahead

March 10, 2016

Reimagine the New York State Pavilion; Second Avenue Subway Commute Times

By Ondel Hylton and Julian Friedman

The National Trust for Historic Preservation and People for the Pavilion announced an international visioning competition to reimagine Philip Johnson’s beloved World’s Fair New York State Pavilion. [Untapped] The one-story mosaic murals of the city in Times Square may be preserved. [NYT] Forget standing desks, why not invest in a kneeling desk? [Chicago Tribune] Transit-app developer […]

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March 1, 2016

Williamsburg Hotel/Residential Tower at 500 Metropolitan Avenue Rises Above Ground

Not to be completely outdone by Bjarke Ingels' Via 57 West, Williamsburg is getting its own highway-fronting pyramidal pile. Alongside the bucolic banks of the Brooklyn-Queens Expressway, the concrete frame of 500 Metropolitan Avenue has finally climbed above street level, now reaching its third floor. The uniquely massed 200,000-square-foot, mixed-use project ascends near the Metropolitan Avenue-Lorimer Street station of the G and L lines, and from a V-shaped lot that borders five streets: Metropolitan Avenue, Union, Keap, Ainslie and Rodney Streets. Its stepped, ziggurat-like form will soar 14 stories and 172 feet above the low-slung area, making it among the tallest structures in the 'hood.
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February 29, 2016

Riverside Center’s One West End Avenue Tops Off, Cantilevering Pool and All

Propelled skyward by the still-sizzling Upper West Side residential market and its dearth of buildable sites, the final phase of the Riverside South master plan is coming together alas. After decades on the drawing board, this southern-most, eight-acre segment collectively known as Riverside Center/Waterline Center has already spawned a pair of residential buildings designed by SLCE Architects and another by Pelli Clarke Pelli with Goldstein, Hill & West Architects (GHWA). Three other parcels to the west are now undergoing site preparation. Those lots will give rise to a trio condo and rental buildings whose developer, Boston-based General Investment and Development Companies (GID), has enlisted a trio of high caliber designers working with GHWA, the executive architect of record. Work has moved forward swiftly on the the plan's first two towers. The shorter of the pair, known as One West End , has just topped off its 491-foot concrete skeleton and is being developed through a partnership between the Elad Group and Silverstein Properties. The robust 41-story spire is the second tallest building on West End Avenue, only behind its more anonymous 521-foot-tall rental neighbor 21 West End.
Details, renderings, and construction photos this way

February 23, 2016

Rosario Candela-Designed Building at 915 West End Avenue Going Condo

West End Avenue is one of Manhattan's longest stretches of harmonious architecture. The nearly 50-block-long, better-looking half of Eleventh Avenue is the Upper West Side's answer to Park Avenue, without the median and with the community. The Avenue's rows of stately prewar buildings are raised to a mostly uniform height of 12 to 15 stories and appear as if some Haussmann-like visionary conceived their elegance and scale. Behind dignified masonry facades are wood-paneled lobbies and sprawling apartments that are stacked in classic sixes and sevens with staff quarters. Near the Avenue's starting point at Straus Park, at the northwest corner of 105th Street, 915 West End Avenue rises humbly without much fuss. The red-brick building, built in 1922, was designed by beloved architect Rosario Candela and is undergoing a conversion that would transform 43 of its 91 rental apartments into condominium residences, according to an offering plan submitted to the attorney general.
Find out more

February 22, 2016

MTA May Spend $66M to Meet 2nd Avenue Subway’s December Deadline; Introducing Archemoji

In order to meet the December deadline for the Second Avenue subway, the MTA may spend $66 million to speed up work. [Second Avenue Sagas] A new study finds that 46% of New Yorkers have agued with their neighbors over noise. [DNAinfo] Did you know the Oscar statuettes are crafted in New York state? [Fox 5] […]

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February 19, 2016

Dream Subway Map Includes a 10th Avenue Subway and a PATH to Staten Island

For most New Yorkers, subway dreams are simple things like trains arriving on time and getting a seat, but cartographer Andrew Lynch has big visions for what could become of NYC's transit system (h/t Gothamist). In his most recent iteration of the Future NYC Subway map, he "sought to plan out a system expansion which would be as cost effective as possible by addressing current service bottlenecks, train car issues, current ridership and population growth." This includes: a PATH train to Staten Island: a K line to connect the Brighton Beach Line (B/Q) to the Crosstown (G) at Bedford-Nostrand Avenues; a 10th Avenue L train extension; a majorly enhanced Second Avenue subway; and a Bushwick-Queens line.
The details on all these ideas

Transit

February 5, 2016

432 Park Avenue’s First Recorded Sale Just Became Its First Listed Rental for $60K a Month

Less than a month after 432 Park Avenue recorded its first sale at $18,116,000, the first unit to close at the Billionaires' Row blockbuster has appeared on the rental market for $60,000 a month (h/t Curbed). As 6sqft previously reported, "The unit is #35B, a massive 4,003-square-foot, three-bedroom pad with four-and-a-half baths, a private elevator landing, and 10-foot by 10-foot windows providing southern and western exposures with park views." It was purchased via an LLC, 432 PARKVIEW, but now that it's been re-listed as a rental, it's also the first apartment whose interiors we get a peek at outside the generic, digitally-enhanced promotional images that accompany listings.
Take a look at the generic, non-digitally-enhanced interiors

February 1, 2016

Why Is There a Sixth-and-a-Half Avenue in Midtown?