Real Estate News from July 2013

  • 3 World Trade Center Is Set To Take Shape By Clemence Fontaine | July 15, 2013

    Larry Silverstein, the aging but still influential real estate investor, is close to striking up a new deal for 3 World Trade Center. Only six weeks before the terrorist attacks of 9/11 he signed a 99-year lease to control the World Trade Center area - a square that extends from West to Church street and that goes from Liberty to Vesey street. 

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  • Janette Sadik-Khan: A Familiar Face in the Crowd By Joel Bennett | July 15, 2013

    When thinking of New York City, some of the first things that come to mind are back-to-back traffic, blaring horns, and screaming cabbies. These chaotic street scenes are merely the blood pumping through the city’s veins, congestion that is the bane of our existence yet rests in a fond place in our hearts whenever we venture out to the suburbs. While there’s never going to be anything close to a relaxed, orderly flow of traffic, Janette Sadik-Khan has been assigned the thankless task of taming it all for the past six years, and somehow has kept her cool in a city known for its road rage.

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  • Bastille Day Celebrations in New York By Clemence Fontaine | July 12, 2013

    Only thirteen years after we claimed our independence from the British, the French copied us and had their own revolution in 1789, with the storming of the Bastille. French uprose against the royal government, taking the monarchy down and declared their independence.

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  • New Fort Lauderdale Waterfront Development Takes Cues from Williamsburg By Aby Thomas | July 12, 2013

    If imitation is the sincerest form of flattery, then Williamsburg should be feeling very proud of its real estate landscape right about now. A new development along the Downtown Fort Lauderdale waterfront in South Florida called Marina Lofts is being built with Brooklyn’s Williamsburg as its inspiration. The developer of the project, Asi Cymbal, a Brooklyn native, has taken the “urban cool” aesthetic characteristic of Williamsburg and transplanted into this new six-acre development along the New River in Fort Lauderdale.

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  • A Chat With Elegran's Andrew Warren By Joel Bennett | July 11, 2013

    With Summer officially in full swing, we decided to talk with Elegran’s own Andrew Warren about a little more than just the weather. Fresh off of a big sale in Chelsea, he was happy to talk about one of his favorite neighborhoods and why it's only getting better.  

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  • 432 Park Avenue Will Now Have Two Penthouses By Aby Thomas | July 11, 2013

    Image Courtesy of DBOX for CIM Group & Macklowe Properties 432 Park Avenue just can’t seem to stay out of the news. The 1,396-foot tall tower, which first hit the deadlines for being the tallest residential building that is currently being constructed in New York City, caused quite a stir in the city’s real estate sector when it announced that it was putting out its top floor penthouse on the market with a price tag of $95 million. The buzz about the building then continued when that same penthouse reportedly got into contract for the full asking price. But now, the developers have gone ahead and one-upped themselves—there’s now going to be a second penthouse in the Rafael Vinoly-designed tower.

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  • Move Your Body in NYC This Summer By Clemence Fontaine | July 10, 2013

    The summer has finally arrived and for the unlucky many that will have to stay in the city, work and sit at their desk for hours, an escape from the routine won’t harm. So go move your body. Whether it is before or after work, go move your body with this selection of different outdoor activities and classes that New York offers. 

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  • Imitation is the Sincerest Form of Flattery By Joel Bennett | July 10, 2013

    A fifteenth century fishing village named Yujiapu is now the site of a historic architectural undertaking that is bound to stand as a monument to China’s newfound fondness for lavish, over-the-top development projects: Manhattan 2.0. Just outside the republic’s fourth most populous metropolis of Tianjin, construction is already well underway. Following a popular trend of building functional replicas of distinctly European cities and structures, the copy-cat development of the classic New York City skyline is apparently meant to serve as the “largest single financial center in the world”, according to a 2011 article in The Atlantic. If this monstrosity sounds a little too ambitious, you aren’t alone.

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  • Nine Nightcaps for New Yorkers to Njoy By Shwetha Ravishankar | July 09, 2013

    Its summertime and the weather is fine, so put on party shoes and hop into these bars that have a story to tell and come from era when you weren’t even born! These are our picks for the best bars where its worth getting high on history. 1. Old Town Bar, Flatiron District

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  • NOMAD Rising By Clemence Fontaine | July 09, 2013

    Photo Courtesy of Zachary Martinez Photography Nomad, which stand for North Of MADison Square, was long an area of the city that was left uncared for. However, in recent years real estate developers have worked to revitalize into this relatively untapped market. 

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