Neighborhood Development

Tishman Speyer Buys Potential "Hudson Spire" Site

Tishman Speyer Properties recently purchased two parcels north of the Hudson Yards development site for a whopping $438 million. This large purchase is considered Tishman Speyer’s first major property acquisition since the market crash in 2008. The company had been buying primarily foreign real estate in Europe, Brazil and China. Their U.S. property purchases were mainly in California and Chicago, until now.  

 

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HOW TO BUILD EQUITY IN 2014: WEST CHELSEA NEW CONSTRUCTION

In my previous post I discussed the importance of building “instant equity” with a new construction purchase. 

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It's Official: Kingsbridge Armory WIll Skate Into the Bronx After All

After much deliberation, nail biting, and hostility, the plan to redevelop the Kingsbridge National Ice Center in the Bronx has been given the official stamp of approval by the council. It all came down to Fernando Cabrera, a council member who’s had a shaky past concerning his stance on the armory. He decided on Monday to fully support the $320 million project, and the council voted in favor of it 48-1. The lone ranger on the other side of the vote was Charles Barron, who believed that residents of the Bronx didn’t even ice skate.

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Queens Backlot Studio Expansion is Fit For Hollywood

Between the National Tennis Center’s expansion and the unfortunate closing of 5 Pointz, Queens is in a constant state of metamorphosis. Kaufman Astoria Studios has recently joined the crop of spaces that are changing with the addition of a backlot studio.

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Queens is Movin' On Up: City Council Approves Hallets Point Project

Is Queens the new Manhattan? Most people would say it isn’t, but it sure is getting the all-star treatment. After much doubt and uncertainty, the $1 billion Hallets Point project looks like it will live to see completion. City lawmakers have just reached a last minute decision with councilman Peter Vallone Jr that will lead to a favorable vote on the development of Hallets Point.

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The Trouble with Midtown East’s Rezoning

With the end of Mayor Bloomberg’s final term in sight, Mr. Bloomberg and his administration are pushing harder than ever to pass the rezoning of Midtown East. Despite a series of setbacks and revisions to the plan, the rezoning project was recently approved by the City Planning Commission and does have chance to pass. The deadline for final approval from the City Council, however, is quickly approaching and Bloomberg is having trouble passing this rezoning despite his previous 125 successful rezoning proposals.

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Tribeca: Where It Came From And Where It's Going

Tribeca rents are the highest in the country. A cornucopia of America’s rich, famous, and powerful own homes in the neighborhood, including Jay Z, Derek Jeter, Scarlett Johansson, Jon Stewart, and Meryl Streep.

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Sandy Recovery For NYC Beaches Will Happen In Due Time

As we hit 1 year anniversary of Hurricane Sandy, questions are naturally being raised about the rebuilding of areas devastated by the storm. Many beach towns have been celebrating the long awaited completion of repair, while others are left stumped by the lack of progress being made. One of the unlucky areas is Rockaway Beach, which suffered unthinkable damage, and hasn’t seen much relief.

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The Williamsburg Civil War: North Vs South

In the past, Williamsburg was known as home to all sorts of ethnic groups like Italians, Latinos, Hasidics, and Pollacks. While some of these communities have stayed fully intact, they aren’t the first thing that comes to mind when you think of Williamsburg today. Gentrification in Brooklyn is constant, and this hip neighborhood is no exception. Its popularity is certainly not news, but now it has been further divided into north and south by residents and visitors alike.

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On the Waterfront: Contending for Brooklyn’s Future Development

In recent years new development in New York City has shifted focus across the East River and onto the waterfronts of Brooklyn and Queens to bring Manhattan-style luxury to these neighbouring boroughs at affordable prices for those willing to live outside Manhattan. As a result, neighborhoods like Long Island City and Williamsburg have been transformed beyond recognition as high-rises have sprung up along the waterfront.

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