Hudson Yards

Update: Hudson Yards Project

The once forgotten rail yard on the west side of midtown along the Hudson River, has been a hot topic in the past year. According to the Related Company, we’re going to experience the “New Heart of New York” come 2018. Construction and renderings for the Hudson Yards Project have been developing for a year now, but what’s the progress of this progressive city in a city?

Check out the progress of 2012-2013 here:

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Counting Down the Top NYC Real Estate Tycoons (Part II)

Earlier this week, we introduced numbers 9 through 5 of New York City’s most prominent real estate tycoons, including successful developers such as David Walentas and Donald Trump. In part two of our countdown series, we introduce to you the top 4 individuals who made the list. Who will take the number one spot in being the most lucrative landlord in NYC Real Estate? Continue reading to find out.

 

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Developments Rising by the High Line

The Standard Hotel was recently sold for more than $400 million, which works out to approximately $1.2 million per room.  But the hotel, which straddles the High Line, will be joined by new developments that look to the park as a focal point.

Area: 
Lower Manhattan
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The Only Constant in Chelsea Is Change

Ah, Chelsea. From the delicious Saturday brunches at the mom and pop cafes, to the sophisticated art exhibits, to what has become New York’s favorite elevated riverside park, there is something for everyone in this eclectic West Side neighborhood.  
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SKY HIGH: The New Exhibit at the Skyscraper Museum

The Skyscraper Museum’s latest exhibit “SKY HIGH & the Logic of Luxury” is on from October all through April of 2014. True to its name, this time round the museum has dedicated an entire exhibit to bring to light the recent proliferation of the slim, super-slim, and ultra-luxurious residential towers that are rising to the skies in Manhattan.

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Business Blossoming on Orchard

In early 2012, the New York Times reported that Orchard Street was in the midst of a revitalization. New restaurants and luxury boutiques were replacing garment shops and used furniture stores. More surprisingly, it was becoming an artistic mecca.

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The Culture Shed: NYC's Upcoming Modern and Eclectic Artistic Venue

New York City will soon add yet another artistic center to its already lush cultural landscape: the Culture Shed. Although its name is somewhat unambitious, its aspirations certainly are not. At the end of July the city announced that it would provide $50 million for the project.

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Is Time Warner Westward-Bound?

Earlier this month, Time Warner’s tentative plans for a mass exodus from its Midtown headquarters came to light after the media/entertainment giant entered exclusive talks with Related Construction. The deal hasn’t been officially inked yet, but the move would take the companies operations Westward to Hudson Yards. While it appears to be a win-win for both parties involved, the thought of empty skyscrapers in Midtown is a concern for some.

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The Canadians Are Coming… for American Real Estate!

Their nationality may be the target of many a joke when they are in the United States, but Canadians seem to be having the last laugh now—at least from the perspective of American real estate. While it is no secret that international buyers account for a huge chunk of real estate sales in America ($82.5 billion, to be precise), it’s interesting to note that our neighbors to the north are the majority in that elite group of foreign investors—the National Association of Realtors says that Canadians make for 24 percent of all international sales in the American real estate market.

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The Case for Moving Madison Square Garden

On May 22, the Department of City Planning is going to vote on whether Madison Square Garden, one of New York City’s most iconic structures, should be given only 15 more years to operate from its current location over Penn Station in Midtown Manhattan. If the city’s commissioners give the green signal to this proposal, then that means that the “World’s Most Famous Arena” will probably soon have to find a new location to call as its home in the city.

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