Articles on New Development

Demolition Freeze Proposed for NYC

demolition freeze

Rizzoli bookstore on April 4th had an outdoor protest to oppose the likely demolition of the beloved 57th Street building. This event stirred Manhattan Borough President Gale Brewer into action, she created a bill that would prevent the demolition of buildings such as Rizzoli from happening again in the future.

AT&T to Expand Wireless Presence in NYC Subways

Commuters Using Phone On Subway

AT&T customers are in for an underground treat with the company’s latest announcement for users in New York City.

AT&T recently announced that they are expanding their contract with the Transit Wireless. The contract expansion will give 242 extra subway stations the ability to provide AT&T customers with their mobile and data services.

Back In the Game With: 56 Leonard

Construction workers in NYC are constructing a building that looks like it could break the guinness world record for world’s largest jenga tower. 56 Leonard, one of the priciest condominium buildings in Tribeca, is finally continuing construction. After seeing the rendering of this project, the real time version brings the future-esque drawing into reality and gives us something to physically feast our eyes upon.

Essex Crossing: SPURA's New Shape

Essex Crossing is a combined residential-retail space in the making.  Expected to cover the former Seward Park Urban Renewal Area, the $1.1 billion megaproject will sit across 1.65 million square feet, replacing the current scene of parking lots and fewer tenement buildings with a grander, glassy-sleek cityscape.  Architectural firms SHoP Architects, Beyer Blinder Belle, and Handel Architects have been tapped to raise the long-neglected area.  

Downtown Brooklyn's Upward Growth

Downtown Brooklyn is a newfound point of interest for residential developments.  Historically a base for office spaces, a rezoning spurred on a change in direction.  To be sure, the Wall Street Journal reported that the dozens of Downtown Brooklyn's projects that made their start eight years ago will have provided more than 8,000 residential units.  Indeed, there has been a marked increase in the median sale price for the area's condos, with StreetEasy noting a raise from $406,900 to $585,000 from 2009 to 2013.  Additionally, a comparison of median sale price for condos, co-ops, and houses are at $909,806 for new developments, and $545,000 for resales.  In particular, Flatbush Avenue Extension, Livingston Street, and Fulton Mall are all points of interest for developers.

East River Waterfront - Development Update

Domino Sugar Factory Rendering

TF Cornerstone's Long Island City megadevelopment East Coast has been massively successful in urbanizing the once industrial Queens waterfront. The 21-acre development consists of 7 buildings at the site of the former Pepsi-Cola bottling plant. 4 are already complete-- and they're renting faster than expected.