UPDATED, 10:11 a.m., June 7: The condominium board of a landmarked building at 150 Nassau Street filed suit for up to $10 million yesterday to block a Denny’s restaurant from operating at the site’s commercial space. Meanwhile, the restaurant’s would-be landlord has vowed to bring it to the building. [more]
Lower Manhattan neighborhood news
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The condominium development at 19 Park Place has its official moniker: Tribeca Royale, Curbed reported. The project, which is designed by architect Ismael Levya, is on track for 2014 completion.
Work at the site has been going on for the past year, as previously reported. ABN Realty is developing the building, which will be 25 feet wide and 21 stories high. The building will contain 24 units — 11 of them full-floor homes on the higher levels. The units located toward the back of the building will have their own terrace spaces, and others will come as duplexes. [more]
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CME Group, the Chicago-based commodities exchange operator, said today it plans to sell the headquarters of the New York Mercantile Exchange at 1 North End Avenue in Lower Manhattan. [more]
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Ben Shaoul’s Magnum Real Estate Group has sold a high-end rental property in the Financial District to Queens-based construction and management firm Werber Management for $25 million, according to records filed with the city yesterday. [more]
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The three buildings at the World Trade Center site have massive vacancies, and with over 5 million square feet of space in the complex on or due to hit the market, landlords are racing to secure tenants at the $14 billion development, Crain’s reported. [more]
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From left: Daniel Hedaya, the interior of the 200 Chambers penthouse and David Wilkenfeld (Source: PromGirl Flickr)
David Wilkenfeld, the founder of prom and special occasion fashion retailer promgirl.com, is planning to file a lawsuit against Daniel Hedaya, the president of residential brokerage Platinum Properties, over the sale of the penthouse at 200 Chambers Street, the New York Post reported. Wilkenfeld claims that Hedaya lied to him about the square footage of the apartment, where he signed a contract this past November. [more]
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The five-story Fulton Street building that erupted in back-to-back fires last week is being demolished, DNAinfo reported. The Department of Buildings condemned the property at 140 Fulton Street in Lower Manhattan and began dismantling it this past weekend, in a process slated to last several weeks, the website said. [more]
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The Port Authority of New York and New Jersey is slated to strike a 15-year deal with Legends Hospitality Management to operate 1 World Trade Center’s observation deck, the New York Times reported. This deal is the newest sign that the 1,776-foot-high building is approaching the finish line. [more]
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Residents of Historic Front Street in Lower Manhattan will have to wait until May 31 to return home following Hurricane Sandy, Curbed reported. Moreover, the scheduled return keeps being delayed — the previous date to reopen the storm-damaged building was May 1.
Repairs are set to come in three phases, with the first phase — which covered the removal of heating and cooling units and piping — is already complete. [more]
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The Financial District may be known for its movers and shakers, but in fact, the neighborhood is home to an outsize number of plain old movers. The bulk of younger, childless, employed individuals — as well as a good share of rental properties and condominium units with flexible subletting policies — in the area make it one of the most mobile neighborhoods in the country, the New York Times reported. [more]












