Real Estate News from October 2012

  • Harlem's Liquor License Law Restricts Growth By Joseph Lee | October 19, 2012

    Harlem, a rapidly evolving neighborhood, has drawn the attention of many restaurant and retail developers seeking to get a foot in the door in what may become Manhattan’s next hotspot, on the order of Soho or the Meatpacking District. Many local apartment owners and interested developers, however, believe Harlem’s rich cultural past and strong spiritual identity is actually standing in the way of the neighborhood’s development. A historic district steeped in culture, Harlem has what one of the highest concentrations of houses of worship in all of New York City. A strict Harlem law prohibits businesses from having a liquor license if they are located on the same street and within 200 feet of a house of worship or school. This law is forcing some new businesses to consider other neighborhoods.

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  • Bringing the "Park" Back to Park Avenue By Angel Jiang | October 19, 2012

    Park Avenue’s nostalgia of carriage-trafficked thoroughfares is indeed a distant memory, but the blocks from 46th Street to 57th Street may soon provide a glimpse of how the contemporary version--a tree-lined promenade flanked by improved traffic lanes--will operate as part of a bigger initiative to encourage shared public space around Grand Central. Today, Vishaan Chakrabarti, partner at SHoP Architects and the director of Columbia’s Center for Urban Real Estate, which focuses on urban sustainability through mixed-use, mixed-traffic means, will unveil his proposal at the Municipal Art Society Summit. The plan, following concepts similar to those behind SHoP’s Barclays Center, includes doubling the width of the medians and allocating 2.45 acres of landscaped green space, removing one lane of parking from either side, and improving traffic flow by inserting turning lanes.

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  • New York City: More Affordable Than You Think! By Aby Thomas | October 19, 2012

    New Yorkers have been complaining for quite a while now about how they are being subjected to greater financial burdens than the rest of the country, thanks to rents staying at alarmingly high rates in the city. But a new study is debunking this theory by saying that if one were to consider the costs of housing and transportation together, New York City is actually one of the more affordable cities around in the country.

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  • X Marks the Spot: Antique Treasures Return to Park Ave Armory By Laura Simmons | October 18, 2012

    Nothing beats the old, for it is the foundation of everything that comes afterwards. Well, for those who appreciate antiques, it is now out with the new and in with the old. Ancient treasures can be found in the Upper East Side from October 19th - 25th, where the International Fine Art and Antique dealers will be returning to the Park Avenue Armory for its 24th annual show. This would be a great place for Upper East Side residents to buy an awesome pair of silver crafted wine coolers from the 1800s. If unsure, feel free to stare while contemplating which furniture, sword, or piece of jewelry will be fitting for your apartment.

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  • FDR Memorial Lets Freedom Ring on Roosevelt Island By Brittany Tenpenny | October 18, 2012

    Franklin D. Roosevelt has arguably done more for the economy of the United States than any other president in history. His New Deal, bank holidays, and foreign policy ushered America out of the doldrums of the Great Depression and into the hopeful future created by our victory in World War II. Now, 40 years after it’s conception, the Franklin D. Roosevelt Four Freedoms Park, a memorial for the 32nd president, opens on Roosevelt Island next week.

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  • Rainbow Room Granted Landmark Status by Unanimous Vote By Liam Delaney | October 17, 2012

    Tucked away on the 65th floor of 30 Rockefeller Plaza is the famous Rainbow Room Restaurant. On Tuesday morning the Landmarks Preservation Commission voted unanimously to grant this legendary restaurant and nightclub landmark status. The original owners, the Cipriani family, tried to attain landmark status in 1998 but the LPC denied them because a 1987 renovation made the space too young. They restarted the push to get landmarked in 2008, stating that they were worried that landlord Tishman Speyer wanted to turn the restaurant into office space.

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  • New Yorkers to be Hit with MetroCard Fare Hikes By Aby Thomas | October 16, 2012

    In what is certainly not welcome news for New Yorkers and suburban commuters, the MTA has unveiled their plans for the planned hike in MetroCard fares for next year. With the MTA claiming that the hike is necessary for them to take care of costs like pensions and health care, New York City residents have been dreading the prospect of seeing their subway commute or bus ride become a lot more expensive, and unfortunately all of the MTA’s proposed plans spell a costlier future for New Yorkers.

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  • Checking out a neighborhood? BlockAvenue can help By Aby Thomas | October 15, 2012

    When it comes to living in New York City, choosing the right neighborhood to live in is almost as important as choosing the right apartment. An apartment may have all the luxury features you are looking for, but if it is located in a lackluster neighborhood, then chances are that you wouldn’t be too pleased with your lifestyle there. Home hunters in Manhattan take a lot of time and effort to check out the neighborhood they might become a part of, and any help they get to do just that would be welcomed. For such New Yorkers, BlockAvenue will be like a godsend.

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  • New Developments Carrying Out Pre-war Legacy By Laura Simmons | October 12, 2012

    Seems like pre-war buildings are never going out of style. Developers are incorporating classic traditional structures into modern developments, making pre-war buildings something that will always be a part of New York City’s cultural aesthetic. The Upper East Side is definitely holding true to its history by birthing two high-end residential towers on East 79th Street. These pre-war buildings make New York City the attraction it is. What’s better than having the best of both worlds? With that in mind, it would make sense that pre-war residential buildings are the most desirable for Manhattanites, and so, the developers on the Upper East Side may be onto something.

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  • Swift Upper East Side Pampering for Women By Laura Simmons | October 11, 2012

    New York City is known for sometimes leaving people with limited amounts of personal time. Well, that can all change for women in Manhattan who are looking for a quick fixer-upper during their busy schedules. Newly-opened Fix Beauty Bar located on 847 Lexington Ave between East 64th Street and East 65th Street offers rapid services for Manhattan women who find themselves trapped in the bustling city. What woman doesn’t like to be pampered? Well, residents in the Upper East Side can benefit from the special deals on blowouts and manicures which can all be done in about an hour tops.

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