Real Estate News from December 2013

  • A Vacant Lot in Murray Hill? By Bryan Gamble | December 17, 2013

    Despite the pre-conceived notion most, if not all of us have that Manhattan is out of virgin land for development, there is a 6.4 acre parcel of land in Murray Hill that has remain untouched and unused since 2007. This tract of land is located between 38th and 41st street on First Avenue, that is, adjacent to the East River.

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  • Defining Downtown By Peter Black | December 17, 2013

    What exactly is “downtown” and why does it matter? The term “downtown” arguably originated in New York. Manhattan’s business district was (quite literally) downtown (south), whereas the largely residential uptown was (quite literally) uptown (north).

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  • Development at Pier A Continues By Olivia Smedley | December 16, 2013

    New things are afoot on Manhattan’s Waterfront. In recent years, it seems like the city has been busy redeveloping, refurbishing, and reenergizing the waterfront, namely with the expansion of many of the big apple’s famed piers. Some, like Chelsea Piers, have been bustling for quite some time and have since been the host of weddings, golf tournaments, and everything in between.

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  • NYC New Restaurant Roundup By Peter Black | December 13, 2013

      Burger and Lobster - Flatiron London based mini-chain Burger and Lobster is coming to New York. These relatively upscale, chic restaurants only have three items on their menu: $20 burgers (somewhat ridiculous), $20 lobster rolls (reasonable), and $20 whole grilled lobsters (very reasonable). All three look delicious.  

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  • It's Official: Kingsbridge Armory WIll Skate Into the Bronx After All By Olivia Smedley | December 12, 2013

    After much deliberation, nail biting, and hostility, the plan to redevelop the Kingsbridge National Ice Center in the Bronx has been given the official stamp of approval by the council. It all came down to Fernando Cabrera, a council member who’s had a shaky past concerning his stance on the armory. He decided on Monday to fully support the $320 million project, and the council voted in favor of it 48-1. The lone ranger on the other side of the vote was Charles Barron, who believed that residents of the Bronx didn’t even ice skate.

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  • The Hotel Boom in NYC By Peter Black | December 11, 2013

    Sexy, shiny new hotels are opening in New York City.

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  • Are Chains a Pain? By Peter Black | December 10, 2013

    New Yorker’s really like donuts, according to the annual State of the Chains report. Dunkin’ Donuts now has 515 stores splaterred across the five boroughs, the most of any major retailer or restaurant in New York City. 

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  • Chinatown Might be Getting a Big Brother Upstate By Bryan Gamble | December 09, 2013

    News that foreign investors, especially ones from China, are interested in New York real estate has become quite old hat, but the proposed China City of America in upstate New York is on a whole new level that is simply irresistible.

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  • REBNY Members Predict Real Estate Trends of 2014 By Bryan Gamble | December 06, 2013

    A REBNY luncheon at the Roosevelt Hotel in East Midtown normally isn’t very newsworthy (unless you like those kinds of things) but when 2014 is right around the corner and many are hesitant about the recovering real estate market, people pay attention.

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  • Queens Backlot Studio Expansion is Fit For Hollywood By Olivia Smedley | December 06, 2013

    Between the National Tennis Center’s expansion and the unfortunate closing of 5 Pointz, Queens is in a constant state of metamorphosis. Kaufman Astoria Studios has recently joined the crop of spaces that are changing with the addition of a backlot studio.

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