Search Results for: hudson+yards

August 3, 2017

Crumbling castle in Westchester County with a storied past seeks $3.7M

Built in 1927 by David T. Abercrombie, Elda Castle, as it was known, was named after the first letter of each of his four children's names (h/t Curbed). Abercrombie was the founder of Abercrombie and Fitch, which was originally a purveyor of high-end hunting and safari gear. The vision of his wife, Lucy Abbott Cate—the project's architect—was the driving force behind the 4,337-square-foot steel-girded estate of granite and local fieldstone at 249 Croton Dam Road that once had 25 rooms, arched doorways, a tower accessed by a winding spiral staircase of cast iron and too many courtyards and patios to count. The fascinating home sits on 49.5 acres in the Westchester County town of New Castle (though it has an Ossining postal address). It's in need of total renovation, and if the internet is to be believed, whoever buys this romantically overgrown estate currently asking $3.69 million may have quite an adventure on their hands.
Find out more about this storied estate
August 2, 2017

Report predicts NYC’s vacancy rate will triple alongside falling rents

A new forecast by online real estate marketplace Ten-X predicts that New York City's apartment vacancy rate will exceed 11 percent by the end of next year as thousands of apartments hit the market, the Wall Street Journal reports. The study also points to a slowing job growth rate, which drives the rental market, as a factor in what could be a "grim reckoning" for landlords.
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July 19, 2017

New York State gets approved for $550M loan for new Moynihan Station

The first phase of Governor Cuomo’s plan to revamp Penn Station wrapped up last month with two new entrances opening on the corners of West 31st and West 33rd Streets and Eighth Avenue. Plus, the West End Concourse was expanded and now boasts a new color scheme, LED screens and murals. Adding to the project's progress, the state was approved for a federal loan on Tuesday for up to $550 million for the second phase of the plan, which will convert the Farley Post Office across the street into Moynihan Train Hall, expanding Penn Station floor space by 50 percent, as reported by Politico NY.
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July 14, 2017

FREE RENT: This week’s roundup of NYC rental news

One of New York’s First Skyscrapers is Now Rentals, and Leases Come with 1 Month Free [link] Watermark LIC: More Long Island City Rentals to Begin Leasing this Summer, Register Now [link] Brand New Bed-Stuy Rentals from $2,000/Month; Duplexes Available [link] One Hudson Yards Readies for Summer Leasing; Rentals to Start from $5,095/Month [link] New […]

July 5, 2017

City seeks to revoke access to office rooftops made for employee mingling

Update 7/31/17: The Post reports that the DOB recently sent landlords a draft memo clarifying that, aside from minor details, terraces are allowed "as open passive recreation space."  To give workers a comfortable and conducive work space, some companies have outfitted their offices with amenities like on-site fitness centers, free coffee and outdoor space. However, the city’s Department of Buildings has launched a campaign to stop or delay these rooftop terraces on office towers, claiming the spaces can only be used for plants, not people. As the New York Post reported, DOB may not approve office terrace plans and may even rescind already approved plans.
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June 28, 2017

Here are the 10 wealthiest neighborhoods in New York City

In 2016, the New York Metro Area was home to the highest number of “ultra-wealthy” residents in the world. A new report shows about 8,350 residents with a net worth of at least $30 million called the Big Apple their home last year, an increase of about 9 percent from last year. When focusing on just the five boroughs, most of the city’s wealthiest neighborhoods can be found in Manhattan, as Curbed NY discovered. Taking this year’s title as the richest NYC enclave? The Upper East Side.
See the full list
June 26, 2017

To work around Trump, Michael Bloomberg launches $200M initiative for U.S. cities

The former mayor of New York, Michael Bloomberg, announced a new philanthropic project on Monday aimed at investing and empowering the country’s cities. The $200 million program, called the American Cities Initiative, will help mayors push for policies that deal with climate change, gun violence, public health and immigration. As the New York Times reported, a major component of Bloomberg’s project will be a “Mayors Challenge,” which will award six-and seven-figure grants to mayors who draft interesting policy proposals.
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June 21, 2017

Top architects and engineers present solutions for NYC’s soon-to-explode population

As more and more people move to the Big Apple, the city is running out of room to house all of them. According to Mark Ginsberg of Curtis & Ginsberg Architects, even if the city were developed to the maximum capacity legally allowed, this would still only be enough room to house 9.5 million New Yorkers. Building up every square foot that has been zoned for development is impossible and the city’s population is projected to pass 9 million by 2040. At a real estate conference hosted by Crain’s last week architects from five different firms laid out their plan to serve the city’s swelling population and each focused on a specific borough.
See the proposals
June 19, 2017

A plan for a 24/7 Governors Island community is in the works

The 172-acre Governors Island first opened as a publicly accessible outdoor space in 2005, but it's still open just 120 days per year, with the city spending over 10 years trying to figure out what to do with the rest of this teeming-with-potential site. Just last year a new 40-acre park and playground opened, and the area is now ready for its next major revitalization. As Crain’s reports, the Trust for Governors Island will roll out a plan to create a 24/7 community with even more public parks, nonprofit tenants related to the site's maritime history, restaurants, and five million square feet of new commercial, office, and education space.
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June 15, 2017

FIRST LOOK: See inside Penn Station’s brand new West End Concourse

As of today, Penn Station's long-awaited West End Concourse--the first tangible step towards Governor Cuomo's ambitious plan to transform the James A. Farley Post Office into the new Moynihan Train Hall--is open for business, for the first time allowing Amtrak, Long Island Rail Road, and NJ Transit passengers to enter and board trains through the historic building across 8th Avenue. In addition to landscaped entryways, the sparkling new concourse is chock full of LED screens, artwork, and, in true Cuomo fashion, bright, open, and high-tech spaces.
Take the full tour
June 7, 2017

Macy’s may add public park to rooftop of Herald Square flagship

As part of a strategy to shore up its flagging retail business, Macy's is considering providing New York City with more public park space right on the rooftop of its Herald Square flagship store, the New York Post reports. Doug Sesler, EVP of Real Estate for the chain, said in an investor presentation Tuesday that the store was "Exploring ways to activate upper levels (e.g.rooftop) and overall property while retaining Macy’s store and presence." To attract shoppers and add more excitement to the shopping experience, Macy’s execs are looking at plans to develop the rooftop of the 2.2 million square-foot 34th Street store, including restaurants, green space, trees and benches.
Why a park?
June 2, 2017

Google’s Pier 57 tops out ahead of summer 2018 opening

Last we checked in at the beginning of the year, the $350 million transformation of Pier 57, aka “SuperPier,” was making progress with its canted glass panels fully installed. Wednesday, co-developers RXR Realty and Young Woo & Associates held an event to mark the 450,000-square-foot development's topping out, which came after 2,600 tons of structural steel were installed, 4,000 yards of concrete poured, and a 60,000-square-foot curtain wall built. The project will include 250,000 square feet of offices for Google, a 100,000-square-foot food market from Anthony Bourdain, and an elevated two-acre park with a rooftop movie and performance amphitheater to be used for Tribeca Film Festival screenings. This construction milestone comes ahead of an anticipated summer 2018 opening.
See more construction shots and get more details
May 22, 2017

52 wave sculptures designed by celebrities like Slash and Cara Delevigne hit NYC

Ocean conservation nonprofit Project 0 has partnered with luxury skin care brand La Mer, to bring 52 wave-shaped sculptures designed by artists and entertainers like Keith Richards, Slash, Sienna Miller, Rita Ora, Cara Delevigne to NYC. Between May 20 and June 21, the La Mer Wave Walk will feature public art pieces throughout the five boroughs to raise awareness about ocean conservancy, as DNA Info learned. The installations will be up for auction on June 21, with all proceeds going to the charity La Mer Blue Heart Oceans Fund for Project 0.
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May 15, 2017

To ease Penn Station woes, a new plan calls for a transit hub in Sunnyside, Queens

With its constant delays and malfunctions, Penn Station is becoming a worse and worse nightmare for countless commuters and visitors. Last year, Governor Cuomo revealed a plan to redevelop the train hub, one of the busiest in the country, by building a new train hall with restaurants and shops, but while the artful renovation will make Penn Station more attractive, it will do little to address the passenger congestion problem, according to think tank, ReThink Studio (h/t Crain’s). In response, the group came up with an idea called ReThinkNYC that would create a new transit hub in Sunnyside, Queens, to connect commuter lines with the subway system. Instead of making Penn Station the final stop for NJ Transit and LIRR commuters, trains would pass through instead of stopping and turning around.
All the details ahead
May 10, 2017

Finance firms in talks to move to Vornado’s proposed Hotel Pennsylvania-replacing supertall

Plans to replace the century-old Hotel Pennsylvania with a 1,216-foot office building have surfaced again. Financial firms Morgan Stanley and Deutsche Bank are reportedly contemplating a move to Vornado Realty Trust’s planned supertall skyscraper, 15 Penn Plaza, according to the Post. Vornado first won the city’s approval in 2007 to build a supertall at the location of Hotel Pennsylvania on Seventh Avenue and nearly signed a deal with Merrill Lynch to be a tenant until the financial crisis dissolved the agreement. This design, by Pelli Clarke Pelli, is being presented to the firms along with new options says a source.
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May 5, 2017

FREE RENT: This week’s roundup of NYC’s rental concessions

Get Ready for Summer: Hells Kitchen High-Rise with Two Outdoor Pools Leasing with 1 Month Free [link] A Discussion with Winston Fisher on HOUSE39; Midtown’s “Best in Class” Tower Now Offering Two Mos. Free Rent [link] New Harlem Rentals Debut on 125th Street; Apartments from $1,994/Month [link] Live Near Prospect Park at The Parkline with […]

May 2, 2017

Live around the corner from Penn Station for $833/month

That might not sound like the most enticing location, but with Chelsea's galleries nearby, Nomad's booming restaurant and fitness scene just a five- or 10-minute walk away, and Hudson Yards shaping up to the northwest, this newly constructed building at 221 West 29th Street might have more to offer than you'd think. And as of tomorrow, those earning 60 percent of the area median income can apply for 19 units here through the city's affordable housing lottery, ranging from $833/month studios to $1,082/month two-bedrooms.
Find out if you qualify
April 28, 2017

FREE RENT: This week’s roundup of NYC’s rental concessions

Images (L to R): 461 Dean Street, AIRE, 26 West Street and Henry Hall 30-Story Hudson Yards Rental Opens with Unobstructed Views, Apartments from $3,200/Month + 1 Month Free [link] Views Galore at Top-Notch Tribeca Rental, Now Leasing with 1 Month Free [link] World’s Tallest Modular Building Now Leasing with 2 Months Free [link] Leasing […]

April 21, 2017

Work to begin this spring on Penn Station-Moynihan Train Hall complex

This spring, the 650,000 commuters who travel through Penn Station daily may finally start to witness Governor Cuomo’s $1.6 billion plan to revamp what he called the “overcrowded, decrepit and claustrophobic” station into a more spacious and high-tech transit hub. As the Daily News reports, the first phase of the overall Moynihan Station Development Project will begin soon, extending Penn Station’s West End Concourse to reduce congestion. The second phase will transform the James A. Farley Post Office into the new Moynihan Train Hall, which will hold more than 112,000 square feet of retail and 588,000 square feet of office space, in addition to new ticketing and waiting areas for Amtrak and Long Island Railroad passengers.
More details right this way
March 16, 2017

Huge Whole Foods coming to Brookfield’s Manhattan West

Along with its glassy towers on the rise and big-name corporations leasing office space, the Hudson Yards district is now displaying another show of how the mega-development is pushing the once-desolate Midtown West area forward--the announcement of a 60,000-square-foot Whole Foods. The green grocer will move into Brookfield Property's eight-acre Manhattan West complex, located at 5 Manhattan West on the corner of 10th Avenue and West 31st Street, directly across from Related's Hudson Yards. Echoing the sentiment of the "Whole Foods effect"--the pattern of real estate values increasing when high-end grocery stores open nearby, both due to convenience and prestige--a press release from the developer says the news "is a significant first step in creating a first-of-its-kind global retail hub at Manhattan West."
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March 14, 2017

Norman Foster shares his personal life on Instagram; Where are Einstein’s eyeballs hiding?

 The 100 most influential people in Brooklyn culture 2017. [BK Mag] 81-year-old starchitect Norman Foster created an Instagram account to debunk imposters. [dezeen] Related founder Stephen Ross gives a behind-the-scenes look at Hudson Yards. [Fox5 NY] Why are Albert Einstein’s eyeballs in a safety deposit box in the city? [Untapped] Checking in on Robert A.M. Stern’s […]

March 13, 2017

Related adding 15 art galleries around Zaha Hadid’s 520 West 28th Street

Related Companies is looking to expand on Chelsea's cultural character as a world-famous art district, as well as expand this "gallery corridor" north towards Hudson Yards, as part of an initiative called The New West Chelsea. According to a press release from the developer, they're adding 15 new gallery spaces around their luxury condo at 520 West 28th Street, the late Zaha Hadid's undulating High Line stunner. A new space called High Line Nine, which will be located next to the condo and under the elevated park, will be modeled on a European galleria, complete with nine "boutique exhibition spaces," a cafe/wine bar with outdoor seating, catering kitchen, and amenity packages. They'll also add four galleries within the base of the condo, as well as two stand-alone spaces on the block.
More renderings and details ahead
March 3, 2017

Mysterious ‘Japan Land’ renderings reveal a lantern-inspired building near Penn Station

Currently, at the corner of 8th Avenue and 31st Street, diagonal from Penn Station, you'll find a parking lot, pizza joint, and a small coffee shop. However, Nobutaka Ashihara Architects (NAA) envisions something much more spectacular for this underused locale. According to CityRealty, NAA recently rolled out a brand new website, and prominently featured on their home page is a curious scheme for a lantern-like glass tower of about 12 stories called "Japan Land."
more views here
February 20, 2017

Anish Kapoor will bring a spiraling funnel of black water to Brooklyn Bridge Park

Brooklyn Bridge Park is the last place we'd expect to find a menacing art installation summoning feelings of nothingness. But come May, Anish Kapoor will bring his acclaimed installation "Descension" to one of the park's busiest stretches, Pier 1. As described by The NY Public Art Fund (the project's curator), Descension is a 26-foot diameter whirlpool that funnels pitch-black, naturally dyed water below ground, inviting visitors to carefully peer into its swirling abyss.
more details here