Articles on New Development

A Greener Bushwick

Simon Dushinsky, who operates the real estate investment firm Rabsky Group, has acquired an undisclosed stake in the major real estate project located in Bushwick, a property that was once home to Rheingold Beer’s brewing operations. Dushinsky has ambitious plans for the Rheingold Brewery site: a rental building containing nearly 400 units and spanning almost 400,000 square feet.

Mayor de Blasio Addresses Luxury Housing

Sunset Park's mega-development

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 multimillion-dollar luxury housing driving the market 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

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.

SUNY and RFP Finalist Fortis Finally Finalize Agreement

 

South Brooklyn will be getting a new freestanding emergency department.

The Sun Rises for Sunset Park Mega Development & Domino Update

Architect Raymond Chan and his team of Chinese developers are planning an enormous mixed-use development on Eighth Avenue between 61st and 64th streets in Sunset Park.

A New Story in Astoria: Astoria Cove and The Hallets Point Projects

 

Over recent years, Queens has become increasingly more attractive to Manhattan developers starting projects in the outer boroughs. Long Island City has been at the center of many of the developments, and now developers are betting big on Astoria.

The Changing Reputation of Murray Hill

 

The neighborhood of Murray Hill has long been known as the post-grad playground. Because of its slightly cheaper home prices than most areas in NYC, recent college graduates tend to flock to this area. Murray Hill, which spans roughly 85 blocks, has around 41,500 residents, many of which are recent college graduates and young professionals. Though a reasonably priced area and quiet oasis, its reputation generally kept away families and older generations. In recent years, however, there has been a huge change in the demographics of the area. Many families with young children appear to be moving to and remaining in this area, and this change has not gone unnoticed by longtime residents.

Neighborhood Watch: Harlem's Rising Star

Harlem

The neighborhood of Harlem has changed throughout time and has fit into a number of categories since it’s beginnings in  the 17th century. Notably, the neighborhood has morphed from, farmland, battlefield, resort town, commuter town, and presently has re-burst into life in the 21st century as one of NYC’s most sought out neighborhoods. Here’s why: 2013 apartment’s in Harlem were both bountiful in inventory and reasonable in price, leading to a higher influx of new residents.

Construction in Harlem to Displace Local Business?

National Urban League Rendering

West 125th Street in Harlem will be getting a major update, with over twelve new construction buildings going into development in 2014. Residential and commercial properties will be built  in this location along with the new headquarters for the National Urban League and NYC’s first Civil Rights Movement Museum. A certain building that is slated to begin in 2015 on West 125th Street between Adam Clayton Powell Blvd and Malcolm X Blvd is under major scrutiny as the new development would effectively push out retailers that have held businesses along the busy street.