The condo board of the glass tower at One Central Park West on Tuesday voted unanimously to retain the Trump name on the signage at the front of the building, the New York Post reports. However, the word “tower” will be removed from the marquee over the front entrance, to be replaced with the building’s address. As 6sqft previously reported, as part of a larger renovation of the Trump International Hotel and Tower in Columbus Circle, the Trump Organization was reconsidering its heavily-branded signage, and some building owners say Trump’s polarizing presidency is depreciating the value of their investments.
Photo via jseliger2 on Flickr
President Donald Trump offered to help complete the second phase of the Second Avenue Subway in a tweet on Saturday, surprising New York officials who said no agreement had been reached. The Metropolitan Transportation Authority is still seeking federal funding for phase two, which extends the Q line from its terminus at 96th Street north to 125th Street in East Harlem and is estimated to cost $6 billion.
Image via Flickr
As part of a larger renovation of the Trump International Hotel and Tower in Columbus Circle, the Trump Organization is expected to reconsider its heavily-branded signage, the New York Times reports. The president’s eldest son, Donald Trump Jr., has proposed a compromise to appease building owners who say Trump’s polarizing presidency is depreciating the value of their investments without losing the Trump branding entirely.
An online petition to rename a stretch of Fifth Avenue in front of Trump Tower after former President Barack Obama has taken off in the last week, garnering over 275,000 signatures as of Thursday morning. The appeal, written by Elizabeth Rowin from Los Angeles, asks city officials to change the name of Fifth Avenue between 56th and 57th Avenues to “President Barack H. Obama Avenue.”
29 Howard Street via Google Street View
The federal government is selling former Donald Trump campaign manager Paul Manafort’s Soho apartment for $3.663 million. As first reported by the New York Post, the loft at 29 Howard Street is one of five properties in New York City seized by the government after Manafort pleaded guilty to conspiracy charges last September. The listing, posted by the United States Marshals, describes the pad as being a “classic full-floor Soho loft” with “remarkable open sky and city views.”
Photo via Flickr cc
During a rally at Trump Tower yesterday, Mayor Bill de Blasio put the Trump Organization on blast as he promoted the city’s Green New Deal. Under the new climate change legislation, which requires large buildings in New York City to dramatically cut their greenhouse gas emissions, eight Trump-owned properties, referred to as “dirty, inefficient buildings,” would cause the Organization to owe roughly $2.1 million in fines annually beginning in 2030. The 27,000 metric tons of greenhouse gasses that these buildings pump out each year is equal to 5,800 cars. After being passed by the New York City Council on April 18, the law is slated to go into effect on May 17.
President Donald Trump this month sold a $2.9 million condo at his Central Park South building to an unknown buyer, Forbes reported Tuesday. According to public documents, the deal between the Trump Organization and an entity called Koctagon LLC occurred on March 8 for an apartment at Trump Parc East, an 79-unit building next to the south end of Central Park. A limited liability company, or LLC, is typically used to protect the identity of the buyer.
Photo courtesy of Gov. Andrew Cuomo’s office.
Despite a meeting in November to discuss the Gateway project, President Donald Trump has made it clear that the 2020 federal budget doesn’t specify an money for the much-needed rail tunnel under the Hudson River. U.S. Department of Transportation Deputy Secretary Jeffrey Rosen told reporters Monday that, “Those transit projects are local responsibilities, and elected officials from New York and New Jersey are the ones accountable for them.” Gov. Andrew Cuomo replied in a statement, “These ridiculous claims should not be taken seriously,” calling the exclusion of funds for the project “political posturing.”
After a prolonged economic slump and a not-so-subtle rebranding, Soho’s Dominick Hotel—formerly known as the Trump Soho—has experienced a formidable increase in revenue, as Bloomberg reports. The revenue per available room rose more than 20 percent from last year. The hotel’s average nightly rate increased by $51 (a 20 percent increase compared to just 2 percent among the hotel’s competitors) and had 7,000 more bookings in 2018 than in 2017.
Partial shutdown of Hudson River tunnel would cause NY and NJ home values to drop by $22B, report says, Wed, February 27, 2019
If the only rail link between New Jersey and Manhattan shuttered, homes in the region would see a drop in home value by $22 billion, according to a report released on Tuesday. An analysis from the Regional Plan Association highlights the economic effects of a partial shutdown of the Hudson River tunnel, which was severely damaged by Hurricane Sandy and carries 200,000 daily passengers via Amtrak and NJ Transit. To make repairs to the 110-year-old tunnels, officials have called for a $13 billion project that would construct a second tunnel to keep service operating while the existing tunnel is restored. But President Donald Trump’s administration said it will not support the Gateway tunnel project, making a partial shutdown of the tunnel more likely, according to the RPA (h/t Crain’s).