Elegran Edge
The Real Estate Blog

What is Elegran Edge? It’s the blog where we bring together the biggest and best stories from our neighborhood blogs and agent blogs. If it’s happening in Manhattan real estate, you can find it here.

Articles tagged with "Neighborhood Revival"

  • Times Square Now Powering Manhattan's Economy By Frances Gonzalez | March 21, 2012

    People visiting New York City as tourists or as transplants searching for Manhattan apartments for sale tend to visit many iconic NYC destinations that a more jaded local wouldn't necessarily consider his or her go-to place to spend the day. A few landmarks come to mind: The top of the Empire State Building. The Brooklyn Bridge during rush hour. And the most famous symbol of New York City, Midtown Manhattan's Times Square. But in yet another indication of Manhattan's changeable ways, Times Square is on the up-and-up, and has the numbers to prove it. Times Square's growing reputation as a popular commercial and residential neighborhood has turned the district into an economic powerhouse, with Times Square now accounting for a large chunk of New York City's economy.

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  • Community Board Votes to Approve Upper West Side Rezoning Proposal By Justin Spees | March 08, 2012

    Community Board 7 voted in favor of a rezoning proposal in the Upper West Side on Tuesday that would place a size limit on new stores moving into certain strips of Columbus, Amsterdam, and Broadway Avenues between 72nd Street and 110th Street.

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  • Fundraising For The Low Line Off to an Auspicious Start By Daniel Muhlenberg | March 07, 2012

    It seems like New Yorkers are already enthralled with the idea of an underground park in Manhattan. Dan Barasch and James Ramsey, co-founders of the Delancey Underground project, created a page on Kickstarter to begin fundraising for the potential park, and in little over two weeks they’ve received over $128,000 in donations from more than 2,200 people, 3 of which donated more than $10,000. Not only did the co-founders easily clear their goal of raising $100K, they generated interest from all over the world simply by opening up donations, something which bodes very well for the future of this innovative park.

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  • Governors Island Getting $300 Million Facelift in 2013 By Daniel Muhlenberg | February 17, 2012

    The future looks bright for Governors Island. Late last year the Landmarks Preservation Commission approved plans to invest $300 million into the first phase of overhauling the 172-acre island’s infrastructure and open spaces, renovations that will hopefully transform the island from an afterthought into one of New York City’s premier public parks and tourist destinations. Furthermore, if the renovations are successful, Governors Island may even become a popular Manhattan neighborhood among buyers and renters looking for new apartments.

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  • New Private School Will Open in West Chelsea This Fall By Daniel Muhlenberg | February 15, 2012

    West Chelsea is accustomed to young people, but this trendy Manhattan neighborhood is now witnessing a youth invasion of a different sort. West Chelsea has become home to many young families as a new generation of parents moves in. Many of these newcomers want to live in downtown Manhattan apartments but can’t afford them in more expensive neighborhoods, so they are opting to move into West Chelsea apartments instead. Consequently, this industrial neighborhood long associated with singles and artists is starting to resemble the Financial District in the respect that it is now a popular destination for families, and a new private school will further solidify West Chelsea’s status as family-friendly. The Avenues World School, a for-profit institution located on 10th Avenue and 25th Street, is scheduled to open in the fall, a big sign that West Chelsea’s demographic shift is just getting started.

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  • From Tragedy Comes Community: Neighborhood Comes Together After Inwood Fire By Justin Spees | January 11, 2012

    Last Tuesday night, January 3rd, beginning around 11:00 PM, a fire broke out in a commercial building in Inwood on 4945 Broadway off 207th Street. Residents and nearby store workers came outside in the freezing cold to watch the fire blaze. According to a bartender at Piper’s Kilt, a bar across the street from the building, the FDNY arrived roughly ten minutes after the fire began. It took 138 firefighters almost 4 hours to put the fire out. Two firefighters suffered minor injuries.

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  • Coach Signs Lease in Hudson Yards By Phil Ryan | October 27, 2011

    At Elegran, we’ve discussed the Hudson Yards megaproject a number of times. Spanning across what is now just a Long Island Rail Road train yard to the west of Penn Station, Hudson Yards would be home to a variety of mixed-use skyscrapers, combining luxury residential, retail, and office space, in essence creating one of Manhattan’s most vibrant neighborhoods. Unfortunately, the development is suffering from an extreme case of bad timing, with little to none of it being built as of now.

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  • Are BIDs a Smart NYC Real Estate Gamble? By Phil Ryan | October 10, 2011

    As anyone who has ever set foot onto the island of Manhattan can attest, the number of neighborhoods is simply staggering. Even more complex is the intricacies with which they interact; while it’s easy to separate Midtown from the Upper West Side, a newcomer to New York City may not even notice the difference between SoHo and NoHo. Although nearly every Manhattan neighborhood has its own identity, some subtler than others, the occasional boundary blurring can be confusing to say the least, sometimes hurting what New York Magazine refers to as the “microneighborhood” trend. In an effort to stem this problem, the New York City Economic Development Corporation has created several business improvement districts, or BIDs, aimed at improving the identities and focusing development within particular neighborhoods, especially in the context of revitalization or regeneration.

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  • Northern Central Park Restoration Finally Complete By Christine Mulé | August 17, 2011

    As many New Yorkers probably remember, two years ago in August a massive rainstorm and tornado hit the city, making a mess of everything in its path. The northern part of Central Park was destroyed pretty badly; more than 500 trees were knocked down by strong winds, destroying parts of the park in Harlem. Since then, the Central Park Conservancy has been working on restoring almost 300 acres of Central Park. The northern area of Central Park that the Central Park Conservancy has been working on restoring had a historic-ness to it prior to the storm, so the goal of the conservancy was to restore it back to its original state rather than update it in a modern way. They wanted to take this area of the park back to the way the park was before the 1950s, evoking the Manhattan of old.

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  • New Organic Food Store in Harlem By Adam Rothstein | August 12, 2011

    An abandoned, unassuming bodega stands on the corner of 128th street and St. Nicholas Terrace in Manhattan's historic Harlem. Each day, residents of this neighborhood pass by it without a second thought. After all, what good is a store that isn't open for business? However, as an article published by DNAinfo.com explains, not everyone is ignoring it. Gregory Allen, a former social worker, sees this long forgotten bodega as something much more; he sees it, quite simply, as an opportunity. In fact, his plan is to turn this abandoned business into a vibrant store specializing in organic vegetables. Going a step further, his intention is to employ troubled youth growing up in the area, young men and women who are desperately trying to escape the vicious cycle of poverty, and offering them the opportunity to work and earn shares of the company. Creatively named "Pop-Up Co-Op," Allen's plan aims to provide not only employment to those who most need it, but also to promote a healthy lifestyle for the the people of this Upper Manhattan neighborhood.

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