The Real Deal New York

Posts Tagged ‘Central Park West’

  • expedia

    From left: James Grant aka Lee Child, 257 Central Park West and Dara Khosrowshahi

    Dara Khosrowshahi, CEO of Bellevue, Wash.-based online travel company Expedia Inc. sold his co-op unit at the Orwell House on the Upper West Side to “Jack Reacher” author Lee Child for $9.15 million, according to property records filed with the city today. [more]

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  • From left: Cigarette butts and 342 Central Park West

    From left: Cigarette butts and 372 Central Park West

    The condominium board for the Vaux tower in Manhattan Valley has put off a decision to ban smoking throughout the building in wake of an underwhelming turnout for the initial voting round. [more]

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  • From left: the Lufkins’ unit at 455 Central Park West and Dan and Cynthia Lufkin

    Dan Lufkin — the prominent banker who rose from humble beginnings — initially set the price for his five-bedroom spread at 455 Central Park West at an unhumble $17.5 million. But that ask, in 2008, was halved in the end. The apartment went for about $8.5 million, to a buyer identified only as “455 CPW APT LLC,” according to city records filed today. [more]

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  • Representatives from Central Park’s Boathouse restaurant and the New York Hotel Trades Council are still negotiating in a “Hail Mary” attempt to solve a unionization dispute before a federal labor board instigates a legal complaint, the Wall Street Journal reported.

    “Any decision by the [National Labor Relations Board] has been put off until at least next Wednesday while we continue to negotiate,” a spokesperson for the Boathouse said in a statement.

    The meeting with NLRB was requested by the Boathouse after management heard of the labor board’s inclination to progress with a complaint, the Journal said. NLRB’s complaint will allege that the restaurant illegally threatened workers and punished more than 15 of them for supporting the union, an NLRB spokesperson said. [WSJ]

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  • Trump on the Green?

    January 27, 2011 09:43AM

    Donald Trump and Tavern on the Green

    Shuttered Central Park landmark Tavern on the Green may reopen under the direction of New York real estate mogul Donald Trump, who wants to turn it into “the highest-grossing restaurant on the planet,” Trump said yesterday. According to the New York Times, Trump has reached an agreement with Peter Ward, head of the union that represented the workers there, to revive the restaurant, which closed at the end of 2009 after the LeRoy family that operated it declared bankruptcy. The city had granted Central Park Boathouse operator Dean Poll the operating license, but Poll was never able to come to terms with the union. … [more]

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  • Parks department halts naming rights sales

    November 29, 2010 09:51AM

    The Department of Parks and Recreation is no longer counting on a fundraising plan that would have sold off the naming rights to city-owned properties like the McCarren Park pool and the Central Park tennis center. According to the Post, the agency removed the plan from the budget last week because of a dearth of prospective bidders. “It’s not a viable idea in this economic climate,” Benepe said. “We don’t budget for what we can’t attain.” … [more]

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  • Tavern food court to open next week

    October 07, 2010 10:00AM

    The lights may be out at Tavern on the Green, but the city is making sure visitors to the legendary Central Park restaurant don’t go hungry. Beginning next week, four gourmet food vendors are moving into the courtyard of the shuttered restaurant and will serve seven days a week from 10 a.m. to 10 p.m., the Post. The new Tavern vendors are Ladle of Love, Pera Mediterranean Brasserie, Rickshaw Dumpling Truck and Van Leeuwen Artisan Ice Cream. Each paid between $50,000 and $100,000 for the year, beginning Oct. 15, in the courtyard. The 75-year-old restaurant closed on Dec. 31 last year after the city declined to renew a contract for former operator Jennifer LeRoy, choosing to award it to Central Park Boathouse operator Dean Poll instead. The deal with Poll subsequently fell through, and the city is now planning to seek new bids. [Post]

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  • While Central Park West might be better known for its condominiums and pre-war, multi-unit buildings, this single-family home featured by New York Magazine has managed to carve out a niche at 247 Central Park West near 85th Street. The seven-floor, 12,000-square-foot mansion is on the market for $32 million. The townhouse features a basement-level freshwater pool, a private terrace off the master bedroom and a state-of-the-art screening room. Sotheby’s International Realty agent Mara Flash Blum has the listing. As The Real Deal previously reported, the home is owned by a former Coach handbags exec.

    [more]

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  • alternate textThe Frederick Douglass Circle

    Might you wonder what the result of seven long years of construction and delay looks like in the Big Apple — the answer is the vastly underwhelming Frederick Douglass Circle at the northwest… [more]

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  • alternate textThe Frederick Douglass Circle

    Might you wonder what the result of seven long years of construction and delay looks like in the Big Apple — the answer is the vastly underwhelming Frederick Douglass Circle at the northwest… [more]

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  • alternate textThe Central Park Le Pain Quotidien

    Properly understood, the opening of Le Pain Quotidien, deep in the heart of Central Park, represents one of the most momentous changes to the park in half a century. This highly respected Belgian purveyor of fine breads, salads and soups now has 21 stores in the city, but none of them is as d… [more]

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  • Central Park’s Police Department precinct, the Gothic cottage that lies equidistant from the East and West sides at 86th Street, is getting a $50 million makeover, according to the Wall Street Journal. But because of firearms and contraband, police officials said, the restored stationhouse will be off-limits to the public once it is completed this fall.
    [more]

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  • The Mark reopens with new art deco motif

    January 18, 2010 05:30PM

    The Mark Hotel, the Alexico Group’s high-end hotel and residences at 25 East 77th Street and Madison Avenue, has officially reopened after a $150 million renovation by interior designer Jacques Grange. Grange gave the Upper East Side property an art deco-style upgrade, complete with marble soaking tubs, Italian linens by Quagliotti and Bang Olufson audio systems. Rates for this weekend range from roughly $495 per night for a courtyard queen-sized room to $3,815 per night for the Mark’s “premier two-bedroom suite,” a 1,640-square foot room with Central Park and city views, according to the hotel’s Web site. The Mark has 118 rooms for guests and 42 co-op apartments. [Hotel Chatter]

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  • Steve Kliegerman, executive director of development marketing at Halstead Property, and Central Park Plaza at 1851 Adam Clayton Powell Boulevard in Harlem, which just gained FHA approval today

    A temporary move to ease lending standards by the Federal Housing Administration has fueled hopes of a turnaround in New York’s residential housing market, as condominium developers have struggled to get financing for new buyers and fill thousands of unsold units.

    Earlier this month, the agency announced that starting Dec. 7, it will lower the FHA pre-sale requirements for new condo buildings to 30 percent from 50 percent. In addition, the FHA will guarantee loans for 50 percent of a condo building’s units if the project meets strict underwriting standards.

    “It completely changes the face of the New York City real estate market,” said Gary Goldman, president of National Condo Advisors, a Westchester-based firm that helps developers qualify for end-loan financing. “Now all these new construction buildings have a shot at getting some units closed.” … [more]

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  • Bruce Willis was recently spotted scoping out units at Trump International’s 1 Central Park West as well as 15 Central Park West. All the apartments that Willis and new wife Emma Heming saw were reportedly three-bedrooms or larger and had starting prices of around $8 million. Willis was spotted browsing apartments in the storied Apthorp condominium earlier this month. Wendy Maitland of Brown Harris Stevens was seen with the couple.

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  • Robert Weinstein, who runs Weinstein Company
    with his brother, Harvey Weinstein, has put his 6,500-square-foot
    duplex at the Beresford on the market for about $34 million, according to the Observer. Weinstein
    bought the home, at 211 Central Park West between 81st and 82nd
    streets, for $20 million in September 2004. The $34 million price tag
    is more than any unit has ever sold for in the building. Investor Bill
    Ackman spent $26 million on a duplex one floor above Weinstein’s unit,
    and Jerry Seinfeld bought a duplex in the building for $4.35 million 10
    years ago. Brown Harris Stevens’ Ileen Schoenfeld, who listed the home
    five years ago when Weinstein bought it, is reportedly representing the
    unit…. [more]

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  • A second-floor duplex at the Plaza Hotel Residences sold for $2,751 per
    square foot, about half the price that similarly sized units were
    closing for last year. The three-bedroom unit with 4,283 square feet was sold by the developer,
    Elad Properties, to a company called Paradeplatz Ltd. for $11.786
    million. The condo faces Central Park in the rehabilitated hotel at 768 Fifth Avenue. The purchase by Paradeplatz went into contract in September 2008 and
    closed May 15, according to city property records published today…. [more]

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