Real Estate News from October 2012

  • Harlem Victoria Wins Redevelopment Victory By Angel Jiang | October 11, 2012

    Ariel Aufgang clearly aims to make Harlem the “center of attention” with his $143 million proposal for the Victoria Theater project. The renderings of a 210-room full service, world class hotel featuring a 5,000 square foot ballroom and 230-unit apartment tower, complete with a porte cochere, have already made a colorful, dramatic impression. Many are quick to disregard Harlem luxury apartments because they hit the market just before the 2008 crash, and therefore remained there at asking prices well below their value. However, now luxury condos, such as 111 Central Park North, are breaking records for Harlem with their sale prices. Danforth Development Partners, the developers behind the Victoria project, follow a succession of recent development plans for Harlem that include high end condominium construction. Full Spectrum of NY LLC, for example, recently revealed plans to construct one of the first geothermally heated residential buildings in New York. Mixed-use, mixed-income, green, and historic preservation resonate well with the rest of Manhattan: it only follows that developers will move their focus to emerging markets like Harlem to establish choice real estate.

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  • Coming Soon: A Swimming Pool in the East River By Aby Thomas | October 10, 2012

    New York has seen several ground-breaking architectural concepts in its history, and the newest entry into this glorious pack is the idea that one could have a floating pool in the middle of New York’s East River. This may seem crazy, ridiculous even, but that is exactly what the creators of +POOL intend to make. +POOL will be an Olympic-sized swimming pool in the middle of the East River, filled with over 500,000 gallons of river water that will have been filtered and decontaminated with some very innovative technology practices. This means that while most New Yorkers would be wary of swimming in the East River, they needn’t have to worry about the water in +POOL.

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  • Calling All Chocolate Lovers to Chelsea’s 15th Annual Chocolate Show By Laura Simmons | October 09, 2012

    Chocolate is one of our many guilty pleasures, and apartment residents of Chelsea can look forward to an entire weekend of it. Returning for its fifteenth year to the Metropolitan Pavilion on 125 W. 18th St., the chocolate show will be providing an array of tasty delicious chocolate samples from across the globe. Chelsea residents can feel free to drown themselves in this sea of chocolate pleasures. This is a great event for families to come out and for children to indulge in all of the chocolate that their parents would allow, of course.

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  • Supportive Housing Finds A Home In Manhattan Neighborhoods By Brittany Tenpenny | October 09, 2012

    The neighborhoods of Madison Avenue and Fifth Avenue are among the wealthiest in Manhattan. The opulent lifestyle enjoyed by these residents has been chronicled in many popular television shows and movies. With the city’s most expensive restaurants and real estate, these two Avenues are New York’s answer to Hollywood. The Prince George, a building in the Garment District known for its famous ballroom featured on The Real Housewives of New York, sits snugly on 27th Street, exuding class. Behind these doors however, some of the poorest New Yorkers have found a place to call home.

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  • “See Spot Run” in a Palace of Luxury By Laura Simmons | October 05, 2012

    Many New Yorkers have a furry little critter to share their home with. Having a dog is like caring for a child, and for some, these cute animals are just that. As someone your dog depends on, many owners want to provide a loving and caring environment for their furry critter. Well, there’s great news for those residing in the Upper West Side! There is a nearby place called The Spot Experience on West 72nd Street where you can leave your dog during the week or on the weekends, he or she can receive all that they need while their owner is at work or away at an event.

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  • Art Installations Reinvent the High Line By Joseph Lee | October 05, 2012

    Since its opening in 2009, the High Line Park in Lower Manhattan has energized the Chelsea neighborhood with a bold new vision for public parks and become one of Manhattan’s most popular spots. Today, the High Line is once again pushing the existing conventions of public parks, this time through public art projects. Of the projects currently running for the NYC Parks and Recreation Art in the Parks program in Manhattan, over half are on the High Line and sponsored by the Friends of the High Line. By positioning itself as a leading art space in New York, the High Line continues to define itself as more than just a park.

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  • Change Comes to Times Square... Again By Aby Thomas | October 05, 2012

    New York City’s iconic Times Square neighborhood is in line for a major overhaul—again. The city has employed the Norwegian architectural firm, Snohetta, to undertake a reconstruction of the neighborhood that aims to reduce overcrowding, and make it a more pedestrian-friendly location. This project, which will cost $45 million and take about three years to complete, is aiming to make Times Square more appealing not just to tourists but to New Yorkers as well. Most New Yorkers today shun the area because they want to avoid the tourist droves, but Snohetta hopes to change that perception with this revamp.

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  • Redevelopment on the Meatpacking District’s Trendiest (and Tastiest) Block By Angel Jiang | October 04, 2012

    The iconic corner of West 13th Street and Ninth Avenue in the Meatpacking District, home to Pastis and wedged between celebrity-trodden blocks containing The Standard Hotel, Cielo, Hotel Gansevort, and SoHo House, is due for a real estate minded facelift. William Gottlieb Real Estate is teaming up with Aurora Capital Associates to redevelop the area for additional flagship retail and office property. Considering the corner's 100,000 square feet of allotted air rights, this project will match more recent Meatpacking construction and aim primarily skyward.

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  • Developers and Preservationists Square Off in South Village By Brittany Tenpenny | October 04, 2012

    The concept of a quiet neighborhood may be going the way of the phone booth in New York City. First, Greenwich Village opponents failed to stop New York University’s 2031 Expansion project. Residents and activists alike protested against the proposal but were thwarted by the City Council and the City Planning Commission. Now Greenwich Village’s neighbor, South Village, may be fighting a battle of its own against plans to develop 180 Sixth Avenue.

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  • TV Adds Latest Chapter to Manhattan Fantasy By Brittany Tenpenny | October 04, 2012

    Park Avenue. Just the name evokes a mixture of elegance and sophistication. One of the most desirable address in the world, Park Avenue lures aspiring tenants from all over the world to the Upper East Side. Henry Martin and Jane Van Veen are one such couple. The duo lucked into the job of co-managing the Drake Residential building 999 Park Avenue. They quickly discover however, that everything is not as it seems in the idyllic locale. Their tenants exhibit some creepy behavior while their landlord Gavin Doran reeks with a menacing presence. It’s not long until they learn that their landlord is the devil. Literally. Though difficult landlords are typical archetypes in real estate fiction, this story is the premise for the ABC show 666 Park Avenue.

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