When Looking at Manhattan’s Condo Sales the Downtown Market Reigns Supreme
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Vornado Realty Trust and Crown Acquisitions have just paid $700M for 24,700 square feet of retail space plus air rights at the St. Regis Hotel and a neighboring townhouse. Insiders suspect they’re looking to get in on booming retail sales which could lead to higher future rents. [TRD] Michael Stern’s JDS Development Group, together with […]
Today’s residential real estate news in one digestible bite: Park Slopers would rather have a parking garage than a new luxury condo in their ‘hood. The typically crunchy locals are saying the 800 Union Street garage is “essential to the neighborhood”. [NYDN] Stern’s 82-story downtown hotel and residential condo tower is one-third constructed; while the […]
Photo via Wiki Commons
Photo via Wiki Commons