NYC Luxury Real Estate Blog

What is the Fate of South Street Seaport’s Redevelopment?

                         Rendoring of Howard Hughes Corporation's Pier 17 Redevelopment Redevelopment of historic South Street Seaport has been a hot-button issue since Hurricane Sandy ravaged lower Manhattan in 2012, and the fate of the iconic waterfront remains unclear.

Mayor de Blasio Addresses Luxury Housing

On Tuesday, Feb. 3, Mayor Bill de Blasio addressed market-rate housing and new construction in New York City. He argued that exclusively building luxury housing will only perpetuate the divide between the poor and the privileged. There’s a lot of  for 2015, specifically in Manhattan, and de Blasio hopes to supplement some of these projects with affordable housing as well.

What’s the Status of the Essex Crossing Project?

Essex Crossing, formerly known as SPURA (Seward Park Urban Renewal Area), is an underdeveloped area in the Lower East Side neighborhood of Manhattan that has several empty lots and residents who have been around ever since the rat infestation, drugs, and prostitution of the 1980s.

Upgrading Brooklyn: A Fusion of New and Old

Piece by piece, NYC is undergoing a transformation: modernization, to the tune of green, ultraluxe and amenities. Though most of the construction is brand new buildings, developers are also restoring older buildings to fit a new generation of architecture. These renovations are intended to maintain the former beauty of the buildings, match the prevalent it resides in, and meet the current needs of society.

By the Yard: Brooklyn's New Construction Townhouses

Brooklyn’s growth in popularity has been well-documented over the past few years, and over the decade or so that neighborhoods like are starting to emerge who still appreciate the neighborhood-centric, and vaguely suburban, pace of life that’s still present in the outer borough.

Mostly Rentals, Growing Williamsburg Condo Market Is Largely Untapped

Williamsburg is continuing a run of totally new constructions, particularly in condos and hotels, which may ultimately be attributed to the neighborhood’s individual branding over the past years and its consequently shifting demographics.

Makes Sense: Report Shows New Constructions Are Driving Market

Even before 2015 began, real estate news outlets had commented on the beginnings of a cooldown in New York’s real estate market — the market’s growth would continue steadily, albeit at a more even keel than in the few boom years that preceded it.  On Monday, the 4Q 2014 Elliman Reportwas released, which illustrated a more accurate picture of the market.  The take home message: Manhattan’s ultraluxe new developments are driving the market.

2014 Year End Roundup: The 5 Biggest Stories for NYC's New Constructions

2014 has been a pretty solid year with a whole lot of brand new projects making headway.  With new constructions going at this pace, New York’s skyline is on track for a pretty neat transformation — and with projects in Brooklyn and Queens on thr rise, especially around the waterfront, the attention isn’t just focused on Manhattan anymore.  

Top 10 Condo Investments: Future-Perfect Luxury

There are a lot of great properties with lasting value to be found throughout the city, whether owing that to their locations, amenity spaces, interior appointments, some other factor, or a combination of all three.  Here's a list of the city's Top 10 Best New Construction Condo Investment Buildings as determined by New Construction Manhattan.  

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