Search Results for: hudson yards

Thor’s Newly-Restored 98 Morningside Offering One Month of Free Rent [link] Field Condition Captures the Completed Amenities at 555Ten [link] Om Sweet Om: Downtown Brooklyn Rental, City Tower, Introduces Meditation Classes as Newest Amenity [link] Canal-Side 363 Bond Street Unveils Model Apartments; Offers 1 Month Free Rent [link] Chelsea29 Launches Leasing; Offers Two Months Free […]

Real Estate Trends

August 18, 2017

Watch The Shed, an 8-million-pound structure, glide effortlessly alongside the High Line

The Shed courtesy of Diller Scofidio +Renfro, via The New York Times Construction of The Shed, a six-level flexible structure that can adapt to different art forms and technologies, continues to progress where the High Line meets Hudson Yards. While the building, an independent non-profit cultural organization, has an expected opening date of 2019, the massive eight-million-pound structure can now slide along the High Line for five minutes on a half-dozen exposed steel wheels that measure six-feet in diameter (h/t NY Times). The Shed, designed by Diller Scofidio + Renfro, in collaboration with Rockwell Group, features a movable shell on rails that sits over the fixed base of the building, allowing for it to change size depending on the type of event.
See the Shed slide

City Council unanimously approves Midtown East rezoning plan

Conceptual image depicting all of the proposed sites of the East Midtown rezoning fully built out, via CityRealty

August 10, 2017

City Council unanimously approves Midtown East rezoning plan

After five years, the City Council approved a rezoning for Manhattan’s Midtown East on Wednesday, by a 42-0 vote. The proposal will rezone roughly 78 blocks, running from East 39th Street to East 57th Street and from Third Avenue to Madison Avenue, clearing the way for 6.5 million square feet of office space in the area. A new updated zoning code is expected to incentivize new, dense development, allowing Midtown to compete with other booming business districts in the borough like Hudson Yards and the Financial District. As the New York Times reported, this change which lets developers build to a higher floor area ratio could result in new supertall towers.
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Policy

Follow-up report says next year’s 11 percent NYC vacancy rate is bogus

Image: Pexels

August 7, 2017

Follow-up report says next year’s 11 percent NYC vacancy rate is bogus

6sqft recently reported on a forecast by online real estate marketplace Ten-X predicting a precipitous threefold spike in New York City’s apartment vacancy rate that could even exceed 11 percent by the end of next year as thousands of new apartments hit the market, adding up to a "grim reckoning” for landlords. Now, a Crains reporter tells us that skeptics like marketing-consultant-to-developers Nancy Packes, who said the prognostication of a rental market meltdown “didn’t make any sense,” could be right after all.
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Real Estate Trends

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

Image: Pexels

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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Real Estate Trends

Images (L to R): The Ventura, 90 West, Jackson Park and The Parkside

July 14, 2017

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

By Emrys Fitzgerald

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 […]

Real Estate Trends

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

Rendering of L&L Holding Company’s planned rooftop terrace at 390 Madison Avenue

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

Real Estate Trends

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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Policy

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

June 21, 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?

Uncategorized

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

Jason deCaires Taylor’s “Silent Evolution” wave via Roosevelt Island Operating Corporation

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

Images (L to R): Sky, 605 West 42nd Street, Harlem 125, 69 East 125th Street, The Parkline, 626 Flatbush Avenue and 4540 Center Boulevard

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 […]

Real Estate Trends

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

Rendering via GHWA (L); Construction topped off as of September 2016 via CityRealty (R)

May 2, 2017

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

By Dana Schulz

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

Affordable Housing

Images (L to R): 461 Dean Street, AIRE, 26 West Street and Henry Hall

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 […]

Real Estate Trends

March 16, 2017

Huge Whole Foods coming to Brookfield’s Manhattan West

By Dana Schulz

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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Real Estate Trends

March 14, 2017

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

By Dana Schulz

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 […]

Uncategorized

March 3, 2017

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

By Diane Pham

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

New Developments

February 20, 2017

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

By Diane Pham

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

Events & Things To Do

February 17, 2017

FREE RENT: A roundup of NYC’s latest rental concessions

HOUSE39 Launches Leasing; New Curving Glass Tower Offers Two Months Free of Early Occupancy [link] Teaser Site Launches for Newly-Dubbed Hudson Yards Rental, ‘Henry Hall’ [link] Listings Debut at Hub with One Month Free; Apartments in Brooklyn’s Tallest Tower from $2,450/Month [link] FiDi’s 180 Water Street Announces March Opening; Now Leasing No Fee Rentals + […]

Real Estate Trends

February 1, 2017

Lendlease-Turner selected as design-build team for $1.5B Javits Center expansion

Click here to enlarge infographic

A Lendlease-Turner Construction partnership has been chosen to coordinate and build the planned 1.2 million-square-foot expansion of the Jacob K. Javits Convention Center on Manhattan's far west side. Commercial Observer reports that the New York Convention Center Development Corporation, the entity that controls the state-owned venue, announced Tuesday that they had approved the team for the project, which is expected to cost $1.55 billion. Atlanta-based architecture firm tvsdesign is also part of the Lendlease-Turner consortium. According to the announcement, the winning proposal offered, "significant design, logistical and operational benefits, including increased atrium space, integrated public and support spaces and a commitment to maintaining current operations during all phases of construction."
Find out more and see new renderings

Real Estate Trends

January 17, 2017

128 tall buildings were constructed in 2016, a world record