Real Estate News from July 2012

  • In the Name of Design, Dwell and New York Mag Join Forces By Andrea Garcia-Vargas | July 31, 2012

    Soaring high-rises, quaint brick townhouses, and every other sort of architecture will be getting their well-deserved love soon. Yesterday, Dwell Media and New York Magazine struck a partnership named CITY MODERN, which will not only release a joint magazine in October highlighting but will also go the extra length of sponsoring “Archtober,” a month-long appreciation of architecture and design.

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  • Bloomberg and NYC Sustainability Evaluated By Yuan Feng | July 31, 2012

    In Manhattan, sustainability and green technology have become a leading focus in the minds of residents throughout the city. Now more than ever, NYC has become concerned with living practices in terms of new construction residences, energy usage as a whole, and the transportation running through the city.

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  • Downtown Retail on the Upswing By Aby Thomas | July 31, 2012

    Here’s a news item that will have the residents of Lower Manhattan—especially the shopaholics among them—jumping in glee. Although Downtown Manhattan is home to a number of popular New York City attractions, the neighborhood has always seemed to be lacking in terms of retail choices. But all that is now set to change. A slew of development projects in the Downtown Manhattan neighborhood will see about a million square feet of very valuable space being used entirely for retail purposes in the Financial District. Shopaholics in the region will be delighted that the four developing hotspots in the area—World Trade Center, Fulton Center, World Financial Center and South Street Seaport—are all looking for stores and restaurants to fill up their commercial spaces.

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  • Be Glad Manhattan Didn’t Host the Olympics By Andrea Garcia-Vargas | July 30, 2012

    A few years ago, New York City had a bid in hosting the 2012 U.S. Olympics. In fact, it was even shortlisted with 4 other cities (London, Madrid, Moscow, and Paris) and—except for Madrid—New York City was the only location that hadn’t hosted the Olympics before. Mayor Bloomberg and company went to great lengths to get the city in shape for Olympics-worthiness: he promised the creation of a West Side Stadium north of the High Line, which would have hosted Opening and Closing ceremonies as well as Track and Field events, an Olympic Village across the United Nations Headquarters that would have housed 5,000 athletes and coaches, and many other renovations and expansions.

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  • Energy Efficiency in the Summer: What to Look for in a Condo By Andrea Garcia-Vargas | July 27, 2012

    For a few weeks now, temperatures have reached the high 90s, broiling Manhattan blacktops and making it humanly impossible to sit on the red TKTS stairs of Times Square. Although there is little New Yorkers can do about the weather, there is much that can be done to choose an apartment building that will both accommodate a resident and use energy efficiently. Here are the top 5 features that help keep a condominium building cool, calm, collected – and green.

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  • NYU 2031 Approved to Both Chagrin and Delight By Yuan Feng | July 27, 2012

    The NYU expansion has taken Manhattan on quite a long and winding road, but the final verdict is here: NYU 2031 is here to stay. By a vote of 44-1, the City Council gave NYU its stamp of approval yesterday, setting into motion a 20-year construction plan that will lead to the creation of four new buildings constituting classrooms, dorm rooms, and office space. Naturally, this plan has been rife with controversy since it was first proposed, and its ultimate approval has proven to be no different. Although NYU claims that the benefits of its plan will far exceed the potential damage of construction, residents of Greenwich Village as well as NYU faculty continue to loudly protest the plan.

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  • Summertime Options for Rooftop Bar Hopping By Gabrielle Hughes | July 26, 2012

    New Yorkers tend to revel in outdoor activities during warmer months, and with all of the city's towering structures, it’s easy to find yourself on the rooftop of a high-rise once happy hour comes around. While rooftop bars in Manhattan are reputable for cover charges, dress codes, and expensive drinks, there are plenty of options in more modest settings, suitable for any city dweller.

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  • New Yorker Redefines the Meaning of Trash By Stephanie Spencer | July 25, 2012

    The phrase ‘one man’s trash is another man’s treasure’ is personified in the work of 58-year-old Nelson Molina, a sanitation worker who has been collecting and displaying disregarded trinkets for almost two decades. A specialist with an eye for long forgotten paintings, gadgets, and gizmos, Molina began his journey accidentally when he noticed that various Manhattan neighborhoods harbored unique treasures within their garbage bags. Making his affinity for collecting garbage public, fellow sanitation workers soon began contributing to Molina’s heap, saving whatever shreds of trash that they thought he may find interesting. Eventually word spread rapidly, and sanitation workers from other boroughs were visiting Molina offering their contributions.

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  • Historic Garment District May be Renamed By Andrea Garcia-Vargas | July 25, 2012

    Apartment residents of the Garment District, nestled into Midtown West’s southeastern corner and north of Chelsea, may soon no longer call themselves that. The executive director of the Fashion Center Business Improvement District (FCBID), Ms. Barbara Blair Randall, believes that the lack of sewers, tailors, and weavers in the neighborhood signal that a renaming is in order.

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  • A Delectable Combination: Coffee and Wi-Fi By Aby Thomas | July 24, 2012

    We’ve all been there—we are out and about somewhere in the city, snap a picture or video of something awesome, and then, we are gripped by an alarming need to showcase that creation of ours to our friends, family and the world. Twitter, Facebook, Google+, Pinterest—with all these social media platforms at our disposal, many a New Yorker has probably wished that they could connect to the Internet while they are out on the street.

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