Real Estate News from October 2013

  • Multigenerational Home Trend Hits Manhattan By Peter Black | October 22, 2013

    When the economy crashed in 2008, multigenerational homes increased across the country. Many young couples that lost jobs during the recession were forced to move in with their parents. Many financially ruined older couples were forced to move in with their children. And then there were those thousands of college grads who, unable to find work, were forced to move back into their childhood bedrooms. The primary multigenerational homes that materialized during the recession materialized out of financial necessity.

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  • 5Pointz Redevelopment Plans Approved By Bryan Gamble | October 22, 2013

    This October is witnessing a peculiar focus on graffiti art, partially thanks to Banksy’s New York residency, but what about New York’s home-grown graffiti icon, 5Pointz? 

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  • Track Your Bus With MTA’s Bus Time By Bryan Gamble | October 21, 2013

    It’s a well known amongst New York City commuters that the decision to take an MTA bus often amounts to tempting fate when arriving somewhere on time is pertinent. On a good day, a bus will be several minutes off schedule or you’ll be thankful to sprint your bus, whereas on other days a single snowflake or raindrop will seemingly halt the entire fleet and leave you waiting indefinitely. Until now, the act of ‘tracking’ your bus has meant peaking over the curb and straining your eyes across traffic for a fleeting glimpse of (hopefully) your bus.

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  • Queen's Mega-Project Approved: Willet's Point By Peter Black | October 21, 2013

    Yesterday, the City Council approved yet another mammoth mega-project in Queens: Willet’s Point. This desolate tract of concrete wasteland—which is bounded by the Flushing River and Citi Stadium—will be turned into $3 billion mixed-use urban conglomeration. 

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  • Tribeca: Where It Came From And Where It's Going By Peter Black | October 18, 2013

    Tribeca rents are the highest in the country. A cornucopia of America’s rich, famous, and powerful own homes in the neighborhood, including Jay Z, Derek Jeter, Scarlett Johansson, Jon Stewart, and Meryl Streep.

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  • The Future of Music Festivals in NYC By Olivia Smedley | October 18, 2013

    A month after drug related deaths occurred at the Electric Zoo festival, the city is still making decisions on the future of E-Zoo and of other festivals that take place in its parks.

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  • Architects Take Aim At NYC Schools By Peter Black | October 17, 2013

    The vast majority of new buildings in NYC are distinctly modern. The basic theme is robustness; new buildings are designed to be so shockingly unique that they dwarf the older and more pathetic structures that surround them. The proposed 100 Norfolk Street is a good example.

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  • Sandy Recovery For NYC Beaches Will Happen In Due Time By Olivia Smedley | October 17, 2013

    As we hit 1 year anniversary of Hurricane Sandy, questions are naturally being raised about the rebuilding of areas devastated by the storm. Many beach towns have been celebrating the long awaited completion of repair, while others are left stumped by the lack of progress being made. One of the unlucky areas is Rockaway Beach, which suffered unthinkable damage, and hasn’t seen much relief.

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  • Macklowe's Risk is the Midtown Skyline's Reward By Olivia Smedley | October 17, 2013

    Harry Macklowe is nothing short of a risk taker. The developer and founder of Macklowe Properties has had successes, a few failures, and more adversaries than can be counted on both hands. His next confrontation with danger in the real estate world is none other than 432 Park Ave, the tallest residential building in the Western Hemisphere.

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  • Abandoned Rockaway Line: Reactivate or Elevate? By Shwetha Ravishankar | October 16, 2013

    The abandoned rail line in question is the Rockaway rail line, which closed in 1962. Today, the rail line is the grounds for overgrown weeds, trash, and graffiti. According to a recent MTA report, talks are on to reactivate the abandoned Rockaway Beach Branch of the Long Island Rail Road.

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