Real Estate News from September 2012

  • Retrospection and Reflection at 9/11 Anniversary in Lower Manhattan By Aby Thomas | September 12, 2012

    Despite the sudden chill heralding the arrival of autumn, Tuesday morning saw thousands of people make their way downtown to commemorate the 11th anniversary of the terrorist attacks on September 11th, 2001. With tight security measures in place, the mood was quiet and somber, with relatives of the nearly 3,000 victims of the attacks converging at the 9/11 Memorial to remember and reflect on the lives that were lost on that fateful day.

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  • Manhattan Apartments Co-Star With Hollywood Elite By Brittany Tenpenny | September 11, 2012

    The Tom Cruise-Katie Holmes divorce was one of the most talked about news stories of the past summer. Every media outlet was tripping over their competitors in an eagerness to post the juicy details first. There were rumors about Cruise’s obsession with Scientology and a marriage contract between him and Holmes. Nothing played a more pivotal role in the dissolution between the pair than the secret apartment Holmes purchased at the 1907 Mercantile prior to filing for divorce. It was believed that Holmes bought the place in an effort to obtain sole custody of the couple’s six year old daughter Suri. Ever since news broke that Holmes signed a lease, interest in the luxury digs has skyrocketed. Ryan Serhant, the building’s broker, supported this claim. “We went from showing once or twice a week to five showings today, four on Thursday and seven on Friday so far.” Hollywood drama aside, this tale is the latest example of celebrity influence in Manhattan real estate.

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  • The Allure of New York City’s Building Stoops By Aby Thomas | September 10, 2012

    New York City is a walkers’ city: we see the city best when we traverse through its maze of streets and avenues on foot. However, all that walking can get daunting after a while, and weary as we are, we’d look for a place to sit. Unfortunately, the benches are in the parks and sitting on the sidewalk poses some health and/or cleanliness issues. Behold, then, the humble stoop—a row of steps in front of a low-rise Manhattan apartment building or townhouse, perfect as a seat to ease your aching muscles.

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  • Chelsea Market Expansion Gets Green Light From Planning Commission By Aby Thomas | September 07, 2012

    Although the proposed expansion of Chelsea Market has seen many hurdles and much opposition in the past few months, the New York City Planning Commission came out in favor of the project on Wednesday, with a unanimous vote approving Jamestown Properties’ expansion plans for the building. Now, the plans for the 240,000 square-foot office space on top of the western section of the market will need to be approved by the City Council and speaker Christine Quinn, who also represents the Chelsea neighborhood.

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  • Tonight, The Stars Descend on NYC: Fashion’s Night Out By Aby Thomas | September 06, 2012

    We are not entirely sure of it, but it is certainly possible that tonight, some blissfully unaware person will ask, “Why is this night different from all other nights?” And the answer to that, of course, is because today is Fashion’s Night Out in New York City! As the city readies itself for the action past Fashion Weeks have seen, tonight, more than 700 stores around the city are playing a part in this annual shopping extravaganza, which will see movie celebrities, reality TV icons, star designers and more come into the city and jostle with, well, you! Tonight, you’ll be especially glad about living in a Manhattan apartment—this is probably the starriest night of the year in the city, and no matter which Manhattan neighborhood you are in, there is something happening right around the corner.

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  • 'Movin on Up to the East Side:' Empty Nesters Upgrade their American Dream By Brittany Tenpenny | September 06, 2012

    The tossing of graduation caps, the acquisition of jobs and the loneliness of an empty nest normally prompt homeowners to seek smaller, more affordable residencies. Manhattan, however, has always been an exception to the rule. A select few residents have opted to fulfill their dreams of living in a luxury apartment or condo. Such desires are nearly unobtainable in today’s real estate landscape but determined couples have made it happen.

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  • Upper West Side Joins the Wifi connection This Fall By Laura Simmons | September 05, 2012

    Tired of riding the 1/2/3 lines in the subway and not being able to make a call to inform your employer that you’re running late or check your Gmail account for an important email? Well, New Yorkers may no longer have that issue by the end of 2012. With the Transit wireless system in place, subway riders will be able to catch up with their smartphones, which could make for a more enjoyable ride back to their Upper West Side apartments. Soon there will be wi-fi service on the Upper West Side’s subway stops in joining the 1/2/3 train stops at 14th, as well as the C/E station at 23rd and Eighth Avenue, which were some of the first to receive wi-fi and cell phone service. According to CEO Bill Bayne, Transit wireless invested about $200 million to design, operate and maintain this underground wireless system.

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  • Manhattan’s Fifth Avenue Broadens its Boundaries By Aby Thomas | September 05, 2012

    With Fashion’s Night Out happening tomorrow, we expect to see a lot of foot traffic outside retail stores all over the various Manhattan neighborhoods, but we are especially keeping an eye out on that rich stretch of glitz and glamor on Fifth Avenue. Manhattan’s Fifth Avenue is a shopper’s dream-come-true, with brand names jostling for attention as they, literally, stock up next to each other north of 49th Street. But with retail space above 49th Street becoming hard to find, top notch retailer wanting to be a part of the action have now set their sights a little lower, by moving down Fifth Avenue between 42nd Street and 49th Street.

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  • Manhattan Pooches Now Enjoy Concierge Services By Aby Thomas | September 04, 2012

    Being man’s best friend has certainly worked out well for the pooches of New York City. Although it may be a hassle for most apartment residents to house a canine in their homes, New Yorkers don’t seem to mind and are happy to take the extra mile when it comes to caring for their pet dogs. This would therefore explain the popularity of pet friendly buildings in Manhattan, as residents would expect the five-star treatment not just for themselves, but also for their furry friends. While dog walking services have always been in demand, it turns out there’s a new service in town to make sure our pooches lead a charmed life: dog concierges.

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