Real Estate News from September 2013

  • For Sale: The New York Public Library By Bryan Gamble | September 23, 2013

    The Stephen A. Schwarzman Building adjacent to Bryant Park, more commonly known as the main branch of the New York Public Library, is currently on sale in order to pay for a series of renovations costing $300 million under a series of changes it has been enacting for several years. The New York Public Library (NYPL) has planned this ambitious project, called the Central Library Plan (CLP), since 2005 and has done it largely in secret and without any input from the public, subsequently causing a stir from New Yorkers when it finally opened for public input in early 2012.

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  • Looking For A Place To Stay During the Super Bowl? Airbnb Has Got You Covered. By Olivia Smedley | September 23, 2013

    Think February 2014 is still a long ways away? Not for football fans trying to find accommodations in New York and New Jersey for Super Bowl XLVIII. On February 2nd, streets will close, massive celebrations will take place, and hotel rooms will be booked beyond capacity.

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  • Essex Crossing: SPURA Project Finally a Reality By Peter Black | September 20, 2013

    After a mere 50 years of heated debate, it appears that the Lower East Side’s Seward Park Urban Renewal Area (SPURA) project is finally coming to fruition.

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  • Brooklyn Book Festival: New York’s Largest Literary Event By Shwetha Ravishankar | September 20, 2013

    Eight years in the running, Brooklyn Book Festival has become one of the most popular events of the fall. Being one of the largest “Free” literary events in NYC, it is a an event that brings together an eclectic mix of national and international authors/literary stars and emerging authors.

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  • Your Vegan Fix: NYC’s Best By Shwetha Ravishankar | September 19, 2013

    If you are in New York City, and wondering if you may have to jump off the vegan wagon due to lack of delicious vegan options, well think again. There are several vegan/vegetarian options to satisfy every palette across varied cuisines. So much so that while you enjoy your meat free delights, watch out, your non-vegan friends could be looking to snag a bite! Here is a list of our favorite spots in the city. Feel free to add on to the list!

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  • One57 and the Coming Monoliths of Midtown By Bryan Gamble | September 19, 2013

    In the past several years New Yorkers have witnessed their city change before their eyes as new buildings have sprung up throughout the boroughs and helped the city recover from financial uncertainty. Perhaps the most visually striking aspect of this new New York is the abundance of newly-built towers in Manhattan, Brooklyn and Queens that are typically luxury condominiums. Skyscrapers are nothing new to the city, but gargantuan residences have irritated an audible portion of New Yorkers resistant to such developments.

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  • Tech Explosion in Brooklyn: is BK the Next Silicon Valley? By Peter Black | September 18, 2013

    Brooklyn’s remarkable real estate boom has been the talk of the town for the last few years. Rents have risen dramatically as young professionals, hipsters and artists flee Manhattan—and fly in from Wyoming—in search of cheaper housing options. Their quirky little businesses have inevitably followed. Every Brooklyner must now wade through an endless swamp of artisan flatbread shops, organic coffee houses, and locally sourced tofu vendors just to get back to their roach infested, 2,000 a month studio apartment.

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  • US Aims to Seize Manhattan Properties Linked to Russian Laundering Scandal By Bryan Gamble | September 18, 2013

    It isn’t news that foreign investment is on the rise in New York City and has helped fuel the real estate market’s recovery. Investors from China, in particular, have had a significant impact on the realty market recently. Yet this kind of attention from abroad can be dangerous as it attracts all sorts to Manhattan.

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  • Queens Plan Kicked; Bronx the New Goal for Soccer Stadium By Tim Sheehan | September 17, 2013

    With Queens out of the picture, Major League Soccer (MLS) is eyeing the Bronx for a new stadium and franchise. The latest proposal would bring a 25,000-to-30,000-seat stadium for the New York City Football Club (NYCFC) to a site just south of Yankee Stadium. The New York Yankees are minority owners of MLS’s twentieth and newest franchise, while England’s Manchester City Football Club has majority ownership.

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  • Aluminum House Might Not Find a Home In Historic Sunnyside By Olivia Smedley | September 17, 2013

    Residents of Sunnyside Gardens are up in arms over the proposed development of a vacant lot. This Queens historic district is filled with brick, two story houses that have been standing proud since 1929. Owners of a vacant lot on the corner of 39t St and 50th St now want to use it as a site for the Aluminaire House -- a house made of solely steel and aluminum.

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