Search Results for: waterfront

Matt Damon officially buys the priciest pad in Brooklyn, a $16.7M penthouse

The building via DDG; Matt Damon via Wiki Commons

December 28, 2018

Matt Damon officially buys the priciest pad in Brooklyn, a $16.7M penthouse

Actor Matt Damon has officially purchased the most expensive home in Brooklyn: a $16.7 million penthouse at The Standish, the New York Post reported on Thursday. Last September, 6sqft learned Damon had gone into contract at the Brooklyn Heights building, located at 171 Columbia Heights. At that time, it was listed for just over $16.6 million. With the deal officially inked, the A-lister takes the title of the priciest property in BK from Jennifer Connelly, who bought a $15.5 million townhouse in Brooklyn Heights this year, and photographer Jay Maisel, who owns a $15.5 million home in Cobble Hill.
Details here!

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

Images (L to R): American Copper Buildings, The Eagle, One Blue Slip, View34 and in center 555 Waverly Avenue

December 22, 2018

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

By Annie Doge

Images (L to R): American Copper Buildings, The Eagle, One Blue Slip, View34 and in center 555 Waverly Avenue American Copper Buildings: Waterfront Studios to 3-Bed Apartments Available in Murray Hill’s Two-Tower Rental [LINK] One Blue Slip: Greenpoint Landing Rental Now leasing and 90% of Apartments Have Water Views [LINK] The Eagle: Downtown Brooklyn’s New […]

Real Estate Trends

December 19, 2018

New renderings of Norman Foster’s Red Hook office complex reveal green roofs and courtyard

By Alexandra Alexa

Construction on Norman Foster’s Red Hoek Point, a 7.7-acre commercial campus at the former Revere Sugar Factory, started in October and this week new renderings of the future office complex were released, as CityRealty first reported. Developed by Thor Equities and designed by Foster + Partners with SCAPE Landscape Architecture, the complex will be composed of two five-story buildings that will hold a combined 795,000 square feet of office space on three levels and 23,000 square feet of retail and restaurant space on the ground level. The new views provide the first look at the nearly four acres of green roof space, including walking and jogging paths and landscaping to mitigate stormwater runoff.
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December 17, 2018

Google to invest $1B in Hudson Square campus, doubling its workforce

By Devin Gannon

Google will invest $1 billion to open 1.7 million square feet of office space in Hudson Square, the company announced on Monday. The new campus includes property at 315 and 345 Hudson Street and will also be centered around 550 Washington Street, the former freight terminal, St. John's Terminal. With this expansion from its Chelsea offices at 111 Eighth Avenue, Google said its workforce will double over the next 10 years, adding another 7,000 New York-based staff members.
Find out more

December 13, 2018

1820s New Paltz estate on 240 acres is a country living fantasy for $3M

By Michelle Cohen

If you've ever dreamed of getting out of the city (but not too, too far out), and nesting in a country estate amid rolling hills, White Duck Farm awaits. For $2.95 million, this 240-acre Ulster County estate is just a couple of hours from New York City in the Shawangunk Ridge-Mohonk Mountain Preserve, set back from the road and possessed of rolling pastures, woodlands, a pond, a pool, a party barn and a guest cottage–and a gorgeous, renovated brick Federal-style home (h/t CIRCA).
It's just as charming on the inside

Via NYCEDC and Wiki Commons

December 13, 2018

‘I ♥ NY’ designer Milton Glaser not thrilled with Amazon rip-off

By Devin Gannon

This week the city's Economic Development Corporation released documents of its detailed pitch to lure Amazon to move to the city, which included offering up prime real estate in four different New York City neighborhoods and nearly $3 billion in incentives. Another thing city and state officials pitched to the tech company, which chose Long Island City last month for its HQ2 complex, is the state's famous "I love NY" logo. In their pitch, city and state officials swapped the iconic logo's heart out for Amazon's arrow-smile, which assumingly reads "I Amazon NY."
Glaser's thoughts ahead

Announcing 6sqft’s 2018 Building of the Year!

Rendering via Hill West Architects; frame via Pixabay

December 13, 2018

Announcing 6sqft’s 2018 Building of the Year!

By Dana Schulz

The votes have been tallied, and it's time to name the 2018 Building of the Year! The winning title belongs to none other than Long Island City's Skyline Tower. The 778-foot-tall tower beat out 11 other significant NYC buildings in a competitive two-week competition held by 6sqft. Out of nearly 3,000 votes cast, the Hill West-designed structure took first place with a whopping 1,021 votes or 35.5% of the total. Was it the fact that the Skyline Tower is on course to become the borough’s tallest building? Or that it has an estimated $1.088 billion sellout, the first in the borough to break the one billion mark? Or perhaps it's the LIC location, the forthcoming home to 25,000 Amazon employees?
More on this year's winner!

How New York won Amazon: See the official proposals for each NYC neighborhood

A rendering of One Court Square, where Amazon will temporarily move in 2019; via NYCEDC

December 11, 2018

How New York won Amazon: See the official proposals for each NYC neighborhood

By Devin Gannon

City and state officials lured Amazon to open its new office complex in New York with an extensive pitch, complete with four suggested neighborhoods and the promise of prime real estate, according to documents released by the city's economic development corporation on Monday. In exchange for 25,000 new jobs, Gov. Andrew Cuomo and Mayor Bill de Blasio are offering Amazon nearly $3 billion in incentives and grants. And while last month Amazon selected the Queens neighborhood of Long Island City as its new home, officials had proposed bringing Amazon's campus to the Farley Building, 3 World Trade Center, Brooklyn Height's Watchtower building, Bjarke Ingels' The Spiral, and even Governors Island.
See the full pitch

Policy

New renderings of 1,100-unit Hunter’s Point South project in Long Island City

Rendering via Handel Architects

December 7, 2018

New renderings of 1,100-unit Hunter’s Point South project in Long Island City

By Devin Gannon

New renderings were released this week of the one million square foot development coming to the Long Island City's Hunter's Point South neighborhood. Designed by Handel Architects, the complex features two high-rise towers, retail, and community space. Notably, the project is expected to bring 1,100 new residential units, with 80 percent of them permanently affordable. The complex sits less than a mile from the planned office complex of Amazon, which chose the Queens neighborhood last month for its new home. As CityRealty reported, the two towers will rise 57 and 33 floors, with the taller of the two reaching 600 feet high, which would make it the tallest building on the waterfront.
See the LIC project

Real Estate Trends

Poll shows a majority of New Yorkers approve of Amazon’s move to Queens

Rendering of Plaxall’s proposed (but not approved) mixed-use LIC project courtesy of WXY architecture + urban design

December 6, 2018

Poll shows a majority of New Yorkers approve of Amazon’s move to Queens

By Devin Gannon

A majority of New Yorkers approve of Amazon moving to Long Island City despite opposition from Queens activists and politicians, according to a Quinnipiac University poll released Wednesday. Fifty-seven percent of all respondents said they support the company's plan to build a waterfront office complex in Queens, with 26 percent disproving. And approval among Queens residents is even higher, with 60 percent supporting the deal. But the poll did find a more divided opinion about the potential $3 billion in public incentives and grants offered to Amazon by the city and state, with 46 percent approving of the subsidies and 44 percent disapproving.
More here

Policy

December 5, 2018

VOTE for 6sqft’s 2018 Building of the Year

By Michelle Cohen

The city’s most important residential projects include a glittering showcase of superlatives that continue to eclipse all that came before, with claims that include tallest (Central Park Tower), skinniest (111 West 57th Street ), most expensive (a $250 million penthouse at 220 Central Park South) and loftiest outdoor lounge (Fifteen Hudson Yards) and pool (Brooklyn Point) almost being a requirement for selling the fabulously luxurious apartments and amenities that lie within. Though some of this year’s contenders appeared on previous years’ lists, their sales launches and toppings-out in 2018 proved that their arrivals on the city's skyline–and among its residential options–are no less impactful than the anticipation that preceded them. We’ve narrowed our picks down to a list of 12 headline-stealing residential structures for the year. Which do you think deserves 6sqft’s title of 2018 Building of the Year? To have your say, polls for our fourth annual competition will be open up until midnight on Wednesday, December 12th and we will announce the winner on the 13th.
VOTE HERE! And learn more about the choices.

New Developments

Photo via Wiki Commons

December 4, 2018

Beloved bookstore the Strand fights back against landmarking proposal

By Alexandra Alexa

Earlier today, the Landmarks Preservation Commission held a public hearing to consider landmarking seven buildings on Broadway between East 12th and 14th Streets, one of which many already recognize as an unofficial NYC landmark -- The Strand bookstore. In advance of the hearing, The Strand voiced strong concerns that the designation would place crippling restrictions on the scrappy business and potentially threaten its future, as the New York Times reported. Referencing the recent tax incentives that Amazon received to relocate to Long Island City, Strand owner Nancy Bass Wyden said, "The richest man in America, who’s a direct competitor, has just been handed $3 billion in subsidies. I’m not asking for money or a tax rebate. Just leave me alone."
Find out what happened at today's hearing

Policy

Queens senator wants to crack down on real estate ‘insider trading’ following Amazon deal

Via CityRealty

December 4, 2018

Queens senator wants to crack down on real estate ‘insider trading’ following Amazon deal

By Devin Gannon

State Sen. Michael Gianaris announced on Tuesday plans to draft legislation aimed at cracking down on insider dealing in real estate. The proposed law comes after a report in the Wall Street Journal found Amazon employees were buying condos in Long Island City before the company had publicly announced plans to build their second headquarters in the neighborhood. The legislation would prohibit anyone from using confidential government information to buy or sell real estate, according to Gianaris.
Find out more

Policy

Ikea’s first Manhattan store will open this spring on East 59th Street

Rendering of what the new Ikea storefront will look like, via Ikea

December 3, 2018

Ikea’s first Manhattan store will open this spring on East 59th Street

By Dana Schulz

After teasing us last week with news that they were in the "preliminary" planning stages of opening a city-center store in New York City, Ikea has today announced, that they will, in fact, open their first Manhattan store in spring 2019. The IKEA Planning Studio--a delivery-only store concept that focuses on "smart solutions for urban living and small spaces"--will open at 999 Third Avenue, right across the street from Bloomingdales at 59th Street and just over the Queensboro Bridge from Long Island City where Amazon is readying to bring 25,000 employees.
All the details

Uncategorized

Images (L to R): Otto Greenpoint, Estuary, 181 Front Street, and Vernon Tower.

December 1, 2018

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

By Ondel Hylton

Vernon Tower: Astoria waterfront rentals across from Socrates Sculpture Park from $2,300/month [LINK] Otto Greenpoint: Brooklyn rentals at 211 McGuinness Boulevard from $2,317/month [LINK] 181 Front Street: New rentals in DUMBO offer 1 month free on 13-month lease [LINK] Estuary Weehawken: Luxury waterfront rentals with skyline views from $2,363/month [LINK] 111 Murray Street: Michael Cohen’s […]

Real Estate Trends

Via CityRealty

November 30, 2018

NYC Council to grill city leaders on Amazon deal

By Devin Gannon

Citing concerns about the closed-door deal that drove Amazon to choose Long Island City as home for its second headquarters, the New York City Council announced it will host three hearings to question both city leaders and company exeuctives. Council Speaker Corey Johnson said the first hearing will take place on Dec. 12 to look at how the deal happened, as the Wall Street Journal reported on Thursday. "One of the major perversions of this is that was all done behind closed doors, with nondisclosure agreements, and without the public or elected officials who weren't including feeling like they had any say," Johnson told the WSJ.
Get the details

Policy

November 29, 2018

Most expensive condo listing in Queens gets price cut despite Amazon announcement

By Devin Gannon

While real estate prices are expected to rise in Long Island City and the surrounding area due to Amazon's impending move to the neighborhood, one listing has lowered its price. The most expensive apartment in the borough of Queens, located at 46-30 Center Boulevard, is on the market again, the New York Post reported. The penthouse, which sits just north of the Pepsi-Cola sign, is asking $3.65 million, less than the $4.25 million it was listed for in 2017. Soon after Amazon announced their move to Long Island City, interest in the neighborhood surged. As 6sqft previously reported, searches for residential apartments in the neighborhood are up 281 percent compared to the daily averages prior to the Amazon news.
Take a tour

November 29, 2018

Playwright Edward Albee’s Montauk home is on the market for the first time in 50 years asking $20M

By Michelle Cohen

Sited on 2.8 acres, with 200 feet of Atlantic Ocean frontage, the estate at 320 Old Montauk Highway in Montauk was purchased in the 1960s by the renowned “Who’s Afraid of Virginia Wolf” playwright, who died in 2016. The property is now for sale asking $20 million. Albee's Tribeca loft is also on the market for $9 million. The legendary stage actress Uta Hagen reportedly convinced Albee to buy the Montauk property, which he proceeded to populate with a collection of native plants and trees. This is the first time it’s been on the market in more than 50 years.
Get a closer look

Long Island City advocates want to obtain a city-owned building before Amazon takes over

Department of Education facilities via Google Earth

November 26, 2018

Long Island City advocates want to obtain a city-owned building before Amazon takes over

By Devin Gannon

Long Island City advocates are requesting ownership of a city-owned building that sits on land soon to be developed by Amazon for its second headquarters, as the Wall Street Journal first reported. The sprawling, block-long structure at 44-36 Vernon Boulevard currently houses offices related to the city's Department of Education along with over 1,000 staff members. For the past three years, local residents have asked for the building to be turned into a community facility. With all eyes on Long Island City due to Amazon's impending move there, advocates believe this is their last chance for the community to take over the property.
More this way

Policy

November 20, 2018

Industry City’s 20,000-square-foot Japanese food hall opens this weekend

By Devin Gannon

When you can't stand to eat any more Thanksgiving leftovers, head to Sunset Park on Saturday for the grand opening of Japan Village, a massive Japanese-themed marketplace. Measuring 20,000 square feet, the market is located within Industry City, the 16-building complex of creative office space along the Brooklyn waterfront. Japan Village includes food stalls with 11 tasty vendors, a restaurant and cocktail bar, a Japanese liquor store, and the largest Japanese grocery store in New York City.
Get the tasty details

Food & Dining

November 19, 2018

New Williamsburg rooftop hotel bar looks like a water tower you can party inside

By Michelle Cohen

Any new Williamsburg rooftop hotel bar has some tough acts to follow given the reputation and views at veteran hotspots like The Ides at the Wythe hotel and the doesn't-even-need-a-name rooftop bar at the McCarren Hotel and Pool. The Williamsburg Hotel at 96 Wythe Avenue, however, has decided they're not taking any chances and created an attention-grabbing rooftop party spot that resembles a classic New York City water tank, wrapped in glass. Dubbed The Water Tower bar, of course, the chic new nightclub and lounge officially opened on November 16.
Check it out

City Living

Plan for 1,500 units of affordable housing in LIC at risk as Amazon gets ready to move there

Rendering of Plaxall’s proposed, but not yet approved, mixed-use LIC project courtesy of WXY architecture + urban design

November 16, 2018

Plan for 1,500 units of affordable housing in LIC at risk as Amazon gets ready to move there

By Devin Gannon

A plan to create 1,500 units of affordable housing in the Anable Basin area of Long Island City will most likely be scrapped, as Amazon prepares to open its headquarters on that same land, Politico reported. Amazon announced this week plans to bring its second headquarters to the Queens neighborhood on land currently owned by plastics company Plaxall, as well as some parcels owned by New York City. Previous plans from Plaxall and the city, who hired developer TF Cornerstone to build a mixed-use campus at the site, called for 1,250 and 250 units of affordable housing, respectively. But an Amazon spokesperson told Politico there will be no housing at its new complex.
Amazon in, affordable housing out

November 16, 2018

Google officially files permits for expansion plans at Hudson Square’s St. John’s Terminal

By Alexandra Alexa

First reported by CityRealty, Oxford Properties Group filed a building permit application yesterday to construct a 588,000-square-foot commercial addition to the St. John’s Terminal building in Hudson Square, a property they acquired in January. As 6sqft previously reported, architecture firm COOKFOX will helm the conversion and it is expected that Google will buy or lease the building, which is projected to be finished in 2022. If Google sticks to this plan -- in addition to their forthcoming expansions at Pier 57 and Chelsea Market -- the tech giant would double their employee force in the area to roughly 20,000. (This announcement follows that of Amazon’s impending expansion at a similar scale in Long Island City.)
More details

New Developments

Will Jeff Bezos live in one of his Upper West Side apartments when Amazon comes to town?

Photo of Bezos via NMAH’s Flickr and photo of the Century via Wikimedia

November 15, 2018

Will Jeff Bezos live in one of his Upper West Side apartments when Amazon comes to town?

By Devin Gannon

With Amazon officially coming to New York City, where will its founder and chief executive live? Jeff Bezos will have an easier time finding a property in the city than most, as he already owns four apartments in Manhattan. All of the NYC properties owned by the multi-billionaire are located on the Upper West Side at 25 Central Park West, in a condo building known as the Century (h/t I Love The UWS). Bezos, who owns several homes (as well as the biggest in Washington, D.C.) and remains one of the top landowners in the country, has requested helipad access for Amazon's new Long Island City headquarters, making any neighborhood he chooses to live just a quick ride away.
More here

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