The Real Deal New York

Posts Tagged ‘new developments’

  • 101 Bedford in WIlliamsburg

    WEEKENDEDITION The final block of apartments at the Karl Fischer-designed 101 Bedford development in Williamsburg are set to hit the leasing market tomorrow. [more]

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  • From left: 71 Laight Street, 180 Sixth Avenue and 305 Second Avenue

    From left: 71 Laight Street, 180 Sixth Avenue and 305 Second Avenue

    The Sterling Mason in Tribeca, Rutherford Place in Stuyvesant Square and the Village Green West on West 14th street are just a few of New York City’s hottest new developments, according to the New York Post. [more]

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  • A rendering of the Waves, in Ventnor, New Jersey

    A rendering of the Waves, in Ventnor, N.J.

    On the inventory-starved Jersey Shore, there may yet be hope. The Philadelphia Residential Development Corporation’s Jersey Shore arm, Pelican Properties, will break ground July 1 on the Waves, a $25 million new construction development in Ventnor, N.J., the developers told The Real Deal. [more]

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  • Dekalb Market: winner of the 2012 Builing Brooklyn award for Retail

    The Brooklyn Chamber of Commerce last night hosted the 2012 Building Brooklyn Awards honoring 12 new developments across the borough. Many of the honorees at the event, which was held at the newly renovated Liberty Warehouse — a pre-Civil War structure on Pier 41 in Red Hook — shared an emphasis on affordability, community use and sustainability…. [more]

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  • BP station on Houston Street

    More than 50,000 gas stations have closed across the country since 1991. And while rural communities have problems filling the spaces with new tenants, due to potential petroleum contamination, New York City has the opposite problem. The New York Times reported that due to the city’s high property values, gas stations are frequently being converted into more profitable enterprises, such as high-rises. This gives city drivers fewer locations to fill up. [more]

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  • NYC’s new condo wave

    July 09, 2012 10:30AM

    Gary Barnett

    From the July issue: New development condos have been in the spotlight recently, thanks in part to the success of Extell Development’s One57.

    In May, Extell announced that the building (after hitting the market six months earlier) had sold 50 percent of its units, and had reached a milestone of $1 billion in sales. The 90-story glass tower, which topped off last month, also announced that one of its penthouses had sold for somewhere between $90 and $100 million, a new high mark for condo prices in New York City.

    Extell president Gary Barnett told The Real Deal that the lack of new construction in the last few years has helped drum up demand for his project. “For the next couple of years, we’re probably the only game in town — especially for that kind of quality,” he said. [more]

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  • Mayor Michael Bloomberg and Governors Island

    Mayor Michael Bloomberg led the groundbreaking ceremony for the first $260 million worth of developments on Governors Island today, the New York Times reported. The initial renovation phase of the increasingly trafficked island – visitors jumped to a half-million last year from 8,000 in 2005 – will add formal gardens, lawns, play areas and woodlands. But the bulk of the budget will be spent on much-needed infrastructure: repairing 2.2 miles of seawall, building a water-line to Brooklyn, demolishing 18 abandoned buildings and improving electrical and telecommunication facilities. [more]

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  • Harlem condo nearly topped off

    January 10, 2011 06:30PM
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    Rendering

    An eight-story, 42-unit condo project at 1635 Lexington Avenue has almost topped off, according to the Harlem + Bespoke blog. The 60,000-square-foot building, which is located near the corner of 103rd Street, is set to have a grocery store in its ground-floor retail space. Once known as the Glass Spire, the building, which is being marketed by Citadel Property Management, according to Streeteasy.com, may see its name changed to Lexington Hill. [Harlem + Bespoke]

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  • Old condos, new buyers

    May 03, 2010 08:36AM

    While new condominium developments can be attention-grabbers, real estate experts say that “almost new” condos — those that have been around for about five years — are gaining traction among buyers, according to the New York Times. The economic climate has made some New York City new construction look risky, and many buyers say they aren’t willing to take the leap. … [more]

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  • A new law would allow developers to renew expired building permits if they adhere to strict safety requirements while their construction projects are on hold, City Council members announced Monday. Currently, developers have only 12 months before their suspended or not-yet-begun construction plans lose their permits, but the new Department of Buildings program would extend that period to four years, provided a detailed safety monitoring and inspection plan is implemented. The program is intended both to aid struggling new developments and to maintain safety in the areas surrounding stalled project sites, said City Council speaker Christine Quinn, who made the announcement. “If these sites are not properly maintained, they can become safety hazards to residents and even havens of criminal activity,” Quinn said. “Our legislation will require enhanced site maintenance while construction is halted and allow projects to avoid delays when economic conditions improve.” A vote on the proposal is scheduled for Wednesday. [Crain’s]

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