CWCapital

Real Estate Wire

puff daddy nyc, p diddy nyc, park imperial
  • Puff Daddy, P. Diddy, Sean Combs—whatever you want to call him—has re-listed his 2,292-square-foot Park Imperial loft for $7.9M. The new listing sees a $500K price reduction. [Curbed]
  • New York is lagging other major cities in its pace of residential construction. Permits for 17,995 new housing units were issued in 2013—a little more than half of the units authorized in 2008. [WSJ]
  • More New Yorkers are installing solar panels. The number of installations in Con-Ed serviced areas doubled last year alone. [WSJ]
  • Fearing the loss of below market-rate apartments at Stuyvesant Town-Peter Cooper Village, the de Blasio administration has reached an agreement to extend talks with CWCapital to find a way to preserve the complexes’ affordable units. [TRD]
  • Moinian Group is expected to file for permits to break ground on its 66-story West Side tower just north of Hudson Yards. [Crain’s]

P. Diddy’s digs (left); Solar array (right)

Daily Link Fix

astronaut trying to cook
  • Crown Heights Premium Rental is Now Listing: It’s been a 7 year wait, but the new rental building, set to begin leasing in July, has finally released the first listings and Curbed has them, along with some renderings.
  • Drinking and Grocery Shopping: According to the Observer, the Whole Foods at Columbus Avenue will soon be offering liquor at its pub On Tap from noon to closing. We’ll drink to that.
  • CWCapital Calls off Stuy Town Auction: CWCapital Management officially took over Stuy Town earlier this week and they’ve decided that cancelling the auction is in the best interest of certificate holders and residents of complex… for now. Crain’s NY has more on the story.
  • Fitting Renovation into Your Schedule: Anyone who’s spent a Saturday watching marathons on HGTV knows that renovation can be stressful and time consuming. Apartment Therapy has a few tips on fitting a home reno in your schedule.
  • 123 on the Park Begins Leasing: The new rentals, formerly the site of Flatbush’s Caledonian Hospital, has posted 11 listings so far according to the Brownstoner. Best of all, they have pics from the new listings.
  • Former Hotel Site on Astoria Boulevard Sells: Flushing based LGA Hospitality just purchased the 3 parcels on Astoria Boulevard near Citi Field and the Brownstoner has the scoop.
  • Just Another Day in Space: FastCo. spotlights Tim Dodd, a photographer who took a series of side-splitting photographs of himself as an astronaut doing typical daily activities.
  • Godfather of Ice Cream Goes Vegan: Malcolm Stogo, inventor of Cookies ‘n Cream (THANK YOU!!), is taking on the challenge of creating a dairy-free ice cream. The Observer talks to him as he works in his Astoria factory.
  • 10 of Archinect’s Top Pinterest Interiors: Who doesn’t love looking at beautiful interiors. In case you haven’t noticed, we do! So we’re spreading the love with some of Archinect’s gorgeous pinterest pics.

Images: Tim Dodd cooking (left), 123 on the Park interior (right)

Stuy Town

Photo via Wiki Commons

It looks like Stuyvesant Town-Peter Cooper Village may be headed back to auction. Manhattan’s largest rental community is no stranger to the game of musical chairs that their owners have been inadvertently playing. The complex, comprised of 80 acres, 110 buildings, and 11,231 units between 14th and 23rd Streets, has had an interesting decade. It sold to Tishman Speyer Properties and BlackRock for a record $5.4 billion at the height of the real estate boom in 2006. Despite being accused of trying to push out lower income residents with high prices, they actually defaulted on their loan in 2010. Ownership of the property was transferred to the lenders, represented by CWCapital.

Drama in Stuy Town