Real Estate News from August 2013

  • Opening in Spring 2014: A Museum to Remember New York’s Trauma By Clemence Fontaine | August 22, 2013

    Dedicated to the thousands of lives that have perished in the terrorist attacks, the 9/11 Museum is nearing completion and is to open by Spring 2014. The President of the Memorial, Alice M. Greenwald has the will to make the September 11 Museum both distressing and inspiring. The hope is for visitors to be filled with emotions and humbled when wandering around the underground alleys. 

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  • New Luxury Conversion Potential with Closing of Chelsea Prison By Tim Sheehan | August 21, 2013

    When Hurricane Sandy battered the Bayview Correctional Facility in Chelsea, the all-women’s prison was already empty, with the inmates having been evacuated days before. Fourteen feet of water flooded the facility and left the state with a $600,000 bill in damage repairs. Though some repairs have been made, it still remains vacant, and Governor Cuomo has decided to close the medium-security prison and sell it instead as part of his 2013-14 budget.

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  • New York Comes Clean By Clemence Fontaine | August 21, 2013

    Living in New York implies a busy and fast-paced lifestyle, little time spent in your apartment, and even less time dedicated to cleaning it. If you want to avoid cockroaches or mice, New York’s dearest population, there is a crucial need for you to make a choice. If you do not want to turn into an angel in the house, then you’ll probably need to call a cleaning service. 

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  • Are Prefabs the Future of Manhattan Luxury Apartments? By Tim Sheehan | August 20, 2013

    There’s a certain stigma attached to modular construction, but perhaps it’s time to reconsider. For years, prefabricated buildings made their claim outside of major cities in no small part due to psychological marketplace factors and uninspiring aesthetics. But what if I told you that it’s possible to build a custom luxury apartment on an assembly line. And would you believe me if I told you prefabricated apartments are better than apartments built on-site?

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  • To Preserve, or Not to Preserve By Clemence Fontaine | August 20, 2013

    Between the Landmark Preservation Commission and the Real Estate Board of New York the fight is raging and after all these years, it is not even close to be over. One argues in favor of historic landmarking while the later explains how detrimental it is to New York’s growth. Who is right then? The two have come up with solid arguments so let’s see both sides of the Gordian knot. 

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  • Living Small, Thinking Big: NYC Apartment Living By Nikki Hess | August 19, 2013

    When you live in New York, you grow accustomed to living in apartments that have the same square footage as your childhood closet. For the less kitchen-savvy, ovens become storage spaces (à la Carrie Bradshaw), The Container Store becomes your new Saturday afternoon hangout spot, and you often find yourself wondering why you've yet again neglected to clean the tornado aftermath that is your bedroom. While some people simply opt to organize their spaces in order to create the effect of a cleaner, larger room, other New Yorkers have taken a more extreme route. Although you may already be familiar with Mayor Bloomberg's push for micro-apartments in Kips Bay, you might be surprised to learn just how creative New Yorkers will get in order to shield themselves from the oppressive financial burdens that are intrinsically linked to Manhattan real estate.

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  • New York Only - Must Try Food List By Clemence Fontaine | August 19, 2013

    New York is a cosmopolitan city. As such it is probably the best place on earth—yes just that—to satisfy any food cravings you might have. From the best vegan ice cream to the best ethiopian restaurants and the best chocolate babka, the best gluten free pizza, the best ramen, … Everything becomes possible—Walt Disney cannot even bear the comparison. That might be why it can easily become home to its millions of inhabitants who once thought they would only stay for a few months. And if they ever go back home it will never be the same, since some food are only to be found in New York. 

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  • 277 East 7th Street: Six More Stories of East Village Luxury Condos By Tim Sheehan | August 16, 2013

    Watch out Jefferson, you’ve got some competition on the other side of the East Village. 277 East 7th Street, between Avenues C and D, will soon transform from a parking lot to a six-story residential condo. While all the details about this new building aren’t out yet, here’s what we do know:

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  • Whisk Away On Your Island Getaway By Shwetha Ravishankar | August 16, 2013

    New Yorkers always seem to have someplace to go, a deadline to meet, a friend to catch up with, or an errand to run, which keeps them on the go, on one of the smallest and most densely populated islands of Manhattan. Located at the mouth of the Hudson River, bustling Manhattan is surrounded by her smaller island cousins, like Governors Island, Staten Island, Fire Island, which are the most popular among others.

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  • Your neighborhood nook of books: The Little Free Library By Shwetha Ravishankar | August 15, 2013

    Walking down the streets of NYC, is all about keeping your eyes off your iPhone and everywhere else around you. You never know what you will spot. A totally awesome piece of art, the popular man with a cat, the crazy beboying group at Union Square, or that great musician at the subway station; above the ground or under,weird or wacky, it’s everywhere.

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