- William Randolph Hearst’s penthouse apartment at 91 Central Park West is back on the market for $27.5 million after Giorgio Armani’s deal fell through. [Curbed]
- An abandoned industrial lot on the Bronx waterfront could become the next mega residential development for $30 million. [NYDN]
- Fifth Avenue is the world’s most expensive retail address, overtaking Hong Kong’s Causeway Bay as the frontrunner. [Bloomberg]
- Williamsburg factory to become hedge fund CEO’s mansion. [Brownstoner]
- Million Dollar Listing star Frederik Eklund announced that his team had more closings this year than any other in Douglas Elliman’s history. [TRD]
- Upper East Side mansion full of art and artifacts once listed for $27 million is set to come back as a $65,000/month rental. [NYDN]
Real Estate Wire: Mega Residential Development Could Come to Bronx Waterfront; Fifth Avenue Is World’s Most Expensive Retail Address, Wed, November 19, 2014
Tribeca has adaptively reused its former manufacturing lofts; Gowanus its factories; and Long Island City its bakeries. Now, Hunts Point might be added to the adaptive reuse list for its conversion of a former jail.
Urban revitalization strategist and public radio host Majora Carter is aiming to transform the Spofford Juvenile Center into a combination of mixed-income housing, open space, and economic development, a formula she feels would appeal to the neighborhood.