Real Estate News from October 2013

  • Business Blossoming on Orchard By Peter Black | October 16, 2013

    In early 2012, the New York Times reported that Orchard Street was in the midst of a revitalization. New restaurants and luxury boutiques were replacing garment shops and used furniture stores. More surprisingly, it was becoming an artistic mecca.

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  • Say Goodbye to FAO Schwarz: Midtown Continues to Morph By Olivia Smedley | October 15, 2013

    In recent years, New Yorkers have seen the city around them change on a day to day basis. Everywhere you turn, a building is being knocked down, built up, or renovated. Scaffolding hangs over what feels like every sidewalk, and the hum of power tools and men at work that was once an annoyance is now just a part of basic city noise. While many are focused on the constant construction going on in the newly gentrified neighborhoods in the outer boroughs, Midtown is alive with transformation.

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  • Drones and the Future of Real Estate By Bryan Gamble | October 15, 2013

    Over the past several years Unmanned Aerial Vehicles (UAVs), better known as drones, have become a presence in militaries for both their reconnaissance and destructive capabilities. As drones have become easier to manufacture, however, they have become relatively affordable and commercial versions of drones have hit the market. These commercial drones are now being applied to the real estate sector in order to provide potential buyers with exclusive aerial views of a given building and/or property. 

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  • A Year After Sandy: Red Hook and Rockaway Still Recovering By Peter Black | October 11, 2013

    Hurricane Sandy’s one year anniversary is rapidly approaching. The hurricane killed 285 people and caused $175 billion worth of damage. Chaos, turmoil, and fury ensued as it swept across the East Coast. NYC took an epic pummeling; it was by far the city’s most devastating natural disaster. Streets turned into rivers; cars floated like pieces of driftwood down Avenues A and B. Hundreds were killed, thousands of homes were destroyed, millions lost power, the subway was shut down, and Lower Manhattan was in a complete blackout for several days.

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  • SkyHouse: NYC’s Futuristically Whimsical Penthouse By Shwetha Ravishankar | October 11, 2013

    As you walk down the streets of Lower Manhattan, there is someone high-up enjoying a ride down their steel tube within the privacy of their home. Heck yeah, SkyHouse is giving penthouse owners something to catch up to. It’s time for New York’s elite to think out of the box, just like the architects at 150 Nassau Street just did.

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  • The Williamsburg Civil War: North Vs South By Olivia Smedley | October 10, 2013

    In the past, Williamsburg was known as home to all sorts of ethnic groups like Italians, Latinos, Hasidics, and Pollacks. While some of these communities have stayed fully intact, they aren’t the first thing that comes to mind when you think of Williamsburg today. Gentrification in Brooklyn is constant, and this hip neighborhood is no exception. Its popularity is certainly not news, but now it has been further divided into north and south by residents and visitors alike.

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  • Making Progress on the Second Avenue Subway By Peter Black | October 10, 2013

    Time is beginning to remember “The Line That Time Forgot.” The 2nd Avenue Subway Line—which has been a bitter sore on NYC’s collective conscious for almost a century—is beginning to take shape. Originally proposed in 1929, the SAS is New York’s longest-running mega-project. Mayor Bloomberg reckons that he has a “ 50-50 chance of living to see the first person on it, but not much more than that.”

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  • Banksy's Art Getting New York's Attention By Bryan Gamble | October 09, 2013

    October is upon us and so is the “Better Out Than In” campaign of the world-renowned graffiti artist, Banksy. We’ve previously covered the start of the campaign but it’s taken some interesting turns in the past week so let’s take a look at the exhibit so far. 

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  • Urbanism and Architecture Conferences Happening in New York This October By Shwetha Ravishankar | October 09, 2013

    New York City has always had a host of urban challenges on its plate, and everyone from our Mayor, developers, engineers, and urban experts have been there to offer newer, smarter solutions each time. October in New York City is all set to be one of those urban brainstorming months, when all the big-wigs of the urban development community are brought together on one platform, at the four different urbanism conferences that are taking place.

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  • It’s Curtains for the New York City Opera By Bryan Gamble | October 08, 2013

    After a long struggle to raise funding, the New York City Opera has failed to accumulate the $7 million necessary to finish its current season and board members have proceeded to file for bankruptcy. The failure of the company comes after a series of poor administrative decisions and falling popularity and has left it with no other options but to close. 

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