From left: before the MTA’s seizure and after, at 194 Broadway (source: PropertyShark)

The New York State Supreme Court has ruled that the MTA must pay the Riese Organization’s legal fees after an eminent domain suit on 194 Broadway was settled. Meanwhile, closings began at the 254 Park Avenue South condo, the former editor of the Architect’s Newspaper was named head of the Institute for Urban Design, and BLT restaurants was named the official restaurant operator for the W New York — Downtown. Click here for more. TRD [more]

Prudential Douglas Elliman has replaced the Marketing Directors as the
exclusive marketing and sales team at Flatiron condominium conversion
254 Park Avenue South. Apartments at the 123-unit building, located at the corner of Park Avenue and 20th Street, have been on sale since March 2008, according to Daniel Rosen, a principal at Rosen Partners. Rosen’s company is developing the project along with Greystone Real Estate Partners. Now that the real estate market has soured, the developers decided to
bring in Elliman, which handled sales at the project’s next door
neighbor, 260 Park Avenue South. [more]