Real Estate News from December 2012

  • Manhattan Real Estate Industry "Likes" Social Media By Brittany Tenpenny | December 11, 2012

    Facebook. Twitter. Tumblr. Pintrest. To most of the general population, these four social media sites are the center of daily communication. Who doesn’t like to scroll through their newsfeed at work and like a friend’s photo or compose a witty tweet in 140 characters or less? Social media has become so ingrained in our society that phrases like “hashtag” and “trending topics” have become common slang. Not everyone has jumped on the bandwagon however. Real estate firms have been slow on the uptake, but thanks to increased sales, many have adapted to the digital age.

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  • East Village Squatters Honored at New Museum By Brittany Tenpenny | December 11, 2012

    There are many unique tales to tell when it comes to Manhattan real estate and, surprisingly, many of them do not revolve around the construction of a 1,000 plus foot residential skyscraper or commercial enterprises. In fact, much of New York City, especially Manhattan, was shaped, not by a real estate firm, but by the natural skill and hard work of its citizens. Take the Hoovervilles for instance. The makeshift communities that sprung up in Central Park during the Great Depression may no longer be in existence, but they mark a significant chapter in Manhattan’s history. The same can be said for the squatters in the East Village. Their legacy is being honored at The Museum of Reclaimed Urban Space, which opened December 8th.

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  • Midtown East Rezoning Causes Clash Between Old and New By Joseph Lee | December 07, 2012

    Even as he prepares to leave office, Mayor Michael Bloomberg’s development initiatives continue to impact New York City. One of his many development pushes centers around Grand Central Terminal in Manhattan’s Midtown East neighborhood. Seeking to solidify the area surrounding the historic train station as a bustling business hub for years to come, the administration’s proposal would increase the allowable building density up to a maximum of sixty percent. The only problem with this proposal is that a number of groups fear that this development push might signal the end for a number of historic buildings that have yet to secure official landmark status.

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  • The Upper West Side Supports Its Skinny Shops By Angel Jiang | December 07, 2012

    The Upper West Side’s Columbus Avenue arguably epitomizes the neighborhood-knit type of urban fabric that its residents and visitors alike have come to love. Back in the 90s, the stretch of tightly packed residential and commercial blocks on Amsterdam and Columbus Avenues from 72nd Street to 87th Street--recently deemed part of the Upper West Side Special Enhanced Commercial District--was far from the heavily trafficked, vibrant community we know today. New York City’s zoning plans, encouraging commercial occupation amongst large, pre-existing Upper West Side apartment buildings, have resulted in a number of quaint developments, ultimately ensuring a unique and vibrant pedestrian experience in uptown Manhattan. The phenomena of numerous impossibly skinny, old-fashioned shops wedged in between larger structures--perhaps the most endearing development--looks like it’s here to stay.

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  • Billowing Curtains, Gleeful Swings and More at the Park Avenue Armory By Aby Thomas | December 07, 2012

    The Park Avenue Armory in New York has long been known for presenting some exceptional pieces of artwork ever since it started doing so in 2007. Located on the Upper East Side, this behemoth of a building offers 55,000 square feet of space in the Wade Thompson Drill Hall, allowing artists to showcase their works that are either too grandiose or too extravagant to be housed anywhere else. Ann Hamilton’s “The Event of a Thread” is a work that falls into this category, and the Armory’s spaces are being used exclusively to show this visual spectacle from now until January 6, 2013.

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  • Selling Your Home During the Holidays? Go Easy on the Decor By Aby Thomas | December 06, 2012

    Decorating our homes for the holiday season is something most of us look forward to as winter rolls into New York City. But if you are planning on selling your home and have a couple of showings planned for the next few weeks, holding off on the tinsel may be a better option for you this time around. After all, a clean house with as little clutter as possible makes it easier for home hunters to check out your home and imagine it as their own. As a result, an apartment that doesn’t go overboard with their holiday-themed decorations has a better chance of being bought as compared to homes that have it in excess.

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  • Etsy Holiday Shop Opens in Soho By Aby Thomas | December 05, 2012

    With the arrival of the holiday season, everyone in New York City seems to be on the lookout for great gifts they can give their family and friends. With Hanukkah right around the corner and Christmas only a few weeks away, the hunt for good presents has upped itself a notch, with people desperate to find gifts that are “unique,” “uncommon” and “out of the ordinary.” Fortunately for New Yorkers, finding exactly these kinds of gifts has become a lot easier thanks to the opening on the Etsy Holiday Shop at 131 Greene Street in Soho.

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  • Bloomberg’s Term to End While Manhattan’s Future Begins By Brittany Tenpenny | December 04, 2012

    Since being elected in 2002, New York City Mayor Michael Bloomberg has spearheaded many initiatives that have led to improvements in the real estate market. With the election in 2013 and the conclusion of his three terms in 2014, much of Bloomberg’s legacy will continue to live on even with a new mayor in office.

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  • An Eco-friendly Midtown East Gets Greener By Laura Simmons | December 04, 2012

    Mother Nature can sometimes get lost in the overcrowding, multiple constructions, and waste--it’s the hustle and bustle of an industrial city.  However, New York City is striving to become greener by the second. First, an increase of green buildings and apartments across the city has infiltrated Manhattan’s real estate market. Well, it seems like residential buildings aren’t the only ones going green. Midtown East has launched a street recycling program as a way of creating an eco-friendly presence to replace the overflowing trash cans in the neighborhood. The local business improvement district (BID) and the city’s Department of Sanitation has formed an East Midtown Partnership to install 21 paper-only recycling bins in high traffic areas such as subway entrances and other areas with high amounts of overflow.

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  • Worlds Collide at Gallery on Madison Avenue By Brittany Tenpenny | December 04, 2012

    Vincent van Gogh. Marilyn Monroe. Thomas Jefferson. These famous names occupy their own slice of history. Van Gogh was a Dutch post-Impressionist painter whose work earned post-houmous critical acclaim while Jefferson and, to a lesser extent, Monroe, influenced their respective worlds; Colonial America and Hollywood. Their paths never crossed until now thanks to one shared commonality: their love of writing. Rare manuscripts from van Gogh, Jefferson, Monroe and many others, will be on display at the Douglas Elliman’s Gallery on 980 Madison Avenue from Dec 3 to Dec 9.

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