Quantcast

The Real Deal New York

Posts Tagged ‘port authority’

  • Port-Authority-Bus-Terminal

    The Port Authority bus terminal

    Transit officials rejected a $9 billion proposal for a new Port Authority bus terminal on Thursday and demanded  cheaper alternatives.

    The reconstruction plan was presented Thursday before the Port Authority of New York and New Jersey board, which tasked the agency with finding a solution to rebuild the dilapidated transportation hub. “Either we are going to build a 21st-century bus terminal or abandon our bus passengers to a Fourth World commuting experience,” Commissioner Kenneth Lipper said, according to the Associated Press. [more]

    2 Comments
  • One World Trade Center in Lower Manhattan

    One World Trade Center in Lower Manhattan

    New Jersey Senate Democrats think that the Port Authority of New York and New Jersey should sell off all of its non-transportation related real estate and put the proceeds toward a rail tunnel. [more]

    4 Comments
  • One World Trade Center in Lower Manhattan

    One World Trade Center in Lower Manhattan

    The contractor that poured the 105-floor concrete superstructure for One World Trade Center is claiming that the Port Authority of New York & New Jersey refuses to pay $87 million it is owed. [more]

    1 Comment
  • cbc

    From left: Carol Kellerman and the Red Hook Container Terminal

    The Port Authority of New York & New Jersey should sell the Red Hook Container Terminal and the Brooklyn-Port Authority Marine Terminal to a residential developer, in an effort to halt further losses, according to a report from watchdog group the Citizens Budget Commission. [more]

    Comments
  • JFK International Airport, inset: John J. Cuticelli

    JFK International Airport, inset: John J. Cuticelli

    ARK Development signed a 30-year lease with the Port Authority of New York and New Jersey to develop a $48 million animal handling facility. The structure will temporarily accommodate and provide medical services to thoroughbred racehorses, livestock and both exotic and common pets that are passing through. [more]

    1 Comment
  • Port Authority's Pat Foye and One World Trade Center

    Port Authority’s Pat Foye and 1 World Trade Center

    Despite being 90 percent owned by public agency the Port Authority of New York and New Jersey, the bulk of One World Trade Center’s financial information remains secret — including tenants’ rents. [more]

    2 Comments
  • Port Authority may sell 1 WTC

    December 29, 2014 08:05AM
    From left: One World Trade Center and John Degnan

    From left: One World Trade Center and John Degnan

    Officials at the Port Authority of New York and New Jersey are contemplating selling the agency’s real estate. [more]

    3 Comments
  • port-authority

    John Degnan and the development site at 33rd Street and Dyers Avenue on the far West Side

    The Port Authority of New York & New Jersey is on the lookout for a new developer for two Hudson Yards parcels — about a month after the Dermot Company backed out. [more]

    Comments
  • From left: One World Trade Center, Tara Stacom and Dipanshu Sharma

    From left: One World Trade Center, Tara Stacom and Dipanshu Sharma

    With mobile advertising firm xAd inking a 43,849-square-foot lease for the tower’s 60th floor, the Port Authority and Durst Organization’s One World Trade Center is now more than 60 percent leased. [more]

    Comments
  • Dermot 33rd site

    Dermot’s William Dickey and the development site at 33rd Street and Dyers Avenue on the far West Side

    The Dermot Company scrapped plans to construct a 500,000-square-foot residential tower at Hudson Yards after signing a contract in June to pay up to $175 million for the site. [more]

    1 Comment
  • Larry Silverstein and a rendering of 3 World Trade Center

    Larry Silverstein and 3 World Trade Center

    The sale of $1.8 billion in bonds for 3 World Trade Center has been approved, following a year-long delay after the Port Authority of New York & New Jersey hesitated to guarantee the debt.

    Developer Larry Silverstein is issuing the tax-exempt bonds through New York’s Liberty Development Corp., a subsidiary of New York state’s economic development agency, and Goldman Sachs Group will manage the sale, Bloomberg News reported. [more]

    1 Comment
  • Trump eyes vacant JFK terminal for hotel

    September 25, 2014 08:30AM
    Donald Trump and JFK Airport's TWA terminal

    Donald Trump and JFK Airport’s TWA terminal

    The Donald is eyeing JFK Airport’s TWA terminal as a potential site for a new hotel. [more]

    Comments
  • Extell's development site at 429 West 36th Street

    Extell’s development site at 429 West 36th Street

    Gary Barnett’s Extell Development Corp. is looking to buy at least $30 million worth of air rights from the Port Authority of New York & New Jersey for a residential development site it owns in the Hudson Yards neighborhood, according to agency documents.

    Extell owns three properties between Ninth and 10th Avenues on the far West Side running block-through from 36th to 37th streets along Dyer Avenue, the sunken roadway that snakes from the Lincoln Tunnel to 30th Street. Extell’s site is surrounded by a number of hotel and residential developments in the booming neighborhood just north of the Related Companies’ and Brookfield Office Properties’ large, mixed-use projects. [more]

    Comments
  • From left: David Emil, WTC Tower 5 location and Scott Rechler

    From left: David Emil, WTC Tower 5 location and Scott Rechler

    The development of the 5 World Trade Center site could remain stalled for years due to a dispute between the Port Authority of New York and New Jersey and the organization charged with rebuilding Downtown Manhattan following the Sept. 11 attacks. [more]

    Comments
  • jfk

    From left: Related’s Jeff Blau, Andre Balazs and TWA terminal at JFK Airport

    The Port Authority of New York and New Jersey is moving ahead with plans to redevelop the former TWA terminal at the John F. Kennedy Airport as a hotel, after hotelier Andre Balazs backed out earlier this year. [more]

    Comments
  • TWA terminal at JFK International Airport (pheezy via Flickr)

    TWA terminal at JFK International Airport (pheezy via Flickr)

    The Port Authority of New York and New Jersey is taking another crack at transforming the historic  TWA terminal at JFK International Airport into a thriving hotel. [more]

    1 Comment
  • John F. Kennedy International Airport

    John F. Kennedy International Airport

    New York’s three major airports are missing out on funding from the government, according to survey from Global Gateway Alliance. [more]

    Comments
  • 1-wtc

    1 WTC and construction work on tower (Credit: Port Authority of New York & New Jersey)

    The owner of DCM Erectors, a construction firm working on 1 World Trade Center and the $3.4 billion transportation hub, was charged with criminal fraud yesterday.

    Larry Davis, who owns the steel-work contractor, has been accused of falsely claiming he was adhering to requirements for hiring female and minority subcontractors in order to fraudulently obtain about $76 million, according to the New York Times. Davis allegedly used phony business records and work orders to make it appear that he was complying with the Port Authority of New York & New Jersey’s hiring rules. [more]

    Comments
  • From left: Douglas Durst and 1 WTC

    From left: Douglas Durst and 1 World Trade Center

    The Durst Organization is facing pressure at One World Trade Center. [more]

    2 Comments
  • Port Authority Bus Terminal

    Port Authority Bus Terminal

    The Port Authority of New York and New Jersey will spend $90 million on repairs to its Midtown bus terminal. [more]

    Comments
MENU