The Real Estate Blog
What is Elegran Edge? It’s the blog where we bring together the biggest and best stories from our neighborhood blogs and agent blogs. If it’s happening in Manhattan real estate, you can find it here.
Articles about "2012 Olympics"
Be Glad Manhattan Didn’t Host the Olympics
July 30, 2012
A few years ago, New York City had a bid in hosting the 2012 U.S. Olympics. In fact, it was even shortlisted with 4 other cities (London, Madrid, Moscow, and Paris) and—except for Madrid—New York City was the only location that hadn’t hosted the Olympics before. Mayor Bloomberg and company went to great lengths to get the city in shape for Olympics-worthiness: he promised the creation of a West Side Stadium north of the High Line, which would have hosted Opening and Closing ceremonies as well as Track and Field events, an Olympic Village across the United Nations Headquarters that would have housed 5,000 athletes and coaches, and many other renovations and expansions.Read More
Forget the Olympics: The Near-Downfall of Hudson Yards
November 28, 2011
For decades the Far West Side - the space west of Eighth Avenue between 30th and 43rd Streets - has been a stagnant and underdeveloped area inhabited by old factories and parking lots. But over the past few years there’s been a renaissance of development in the area. Manhattan's Far West Side is currently home to 15 residential towers and 12 hotels built since 2005, and there are tentative plans to develop a 51-story office tower in the area, complete with a Coach store. What’s more, New York City is two-thirds of the way done with an L train extension that will bring subway service to 34th St. and 11th Ave., and next year it plans to begin construction on a tree-lined boulevard between 10th and 11th Avenue. But this booming development might not have happened at all if Mayor Bloomberg's initial plans had been approved. Ladies and gentlemen, New York City would like to present to you its newest business district, Hudson Yards, the inadvertent result of Michael Bloomberg’s failed 2012 Olympics bid.Read More