Real estate in brief

New York /
Jan.January 20, 2010 01:16 PM

State orders MTA to pay developer’s legal fees at 194 Broadway

The New York State Supreme Court has dealt a legal blow to the Metropolitan Transportation Authority over the condemnation of 194 Broadway. The property, which the MTA took through the use of eminent domain in order to Develop The Fulton Street Transit Center, had been undervalued during the seizure by $35.2 million, according to an August 2009 ruling. The MTA was ordered to pay the property’s owner, the Riese Organization, the total remaining balance on the property value as a result of that ruling. Now, the courts have ordered the MTA to pony up the cash to pay for Riese’s attorney’s fees.

Closings begin at Gramercy condo

Condo development 254 Park Avenue South, between East 20th and East 21st streets, which began welcoming its first residents in December, has commenced closings. The 13-story, 123-unit Beaux Arts-style building includes studios and one- and two-bedroom residences, ranging in size up to 2,500 square feet. Asking prices start at $550,000, according to Daniel Rosen, a principal with Rosen Partners, and a developer with the building. Prudential Douglas Elliman is handling sales at the condo since replacing the Marketing Directors in July 2009.


Former Architect’s Newspaper editor named head of urban design group

The Institute for Urban Design has named Anne Guiney its new executive director, according to a press release sent today from the organization. Guiney was formerly an editor with the Architect’s Newspaper and one of the publication’s founding members. Guiney will be responsible for helping allocate $150,000 the organization was awarded by the Rockefeller Foundation. A large portion of that grant will be put toward Urban Design Week, a public event scheduled for spring 2011.

BLT becomes chief restaurant operator at W New York — Downtown

BLT Restaurants has been named the official restaurant operator for the Monian Group’s project W New York — Downtown and the Residences at W New York — Downtown, located at 123 Washington Street between Albany and Carlisle streets. The new restaurant will be designed with the “young residents gravitating toward the renewed business growth in the Financial District” in mind, according to a written statement from Laurent Tourondel, head chef for BLT restaurants. There are already several BLT outposts in New York City, including BLT Steak, BLT Burger, BLT Fish, BLT Prime and BLT Market. TRD


Related Articles

arrow_forward_ios
Planning Commission approves permanent outdoor dining sheds
Planning Commission approves permanent outdoor dining sheds
Planning Commission approves permanent outdoor dining sheds
Photo Illustration of Douglas Durst, chairman of the Durst Organization (Getty)
Durst accuses MTA of stalling East Harlem development
Durst accuses MTA of stalling East Harlem development
Sen. Charles Schumer, President Joe Biden and Mayor-elect Eric Adams with the BQE (Getty, iStock)
Goodbye BQE? How infrastructure bill boosts real estate
Goodbye BQE? How infrastructure bill boosts real estate
Check, please! Locals demand city undo outdoor dining
Check, please! Locals demand city undo outdoor dining
Check, please! Locals demand city undo outdoor dining
Daniel Boulud and the Beekman Hotel (Getty, GKV Architects)
Daniel Boulud replacing iconic Augustine with new French bistro
Daniel Boulud replacing iconic Augustine with new French bistro
Downtown pols call for limits on permanent outdoor dining
Downtown pols call for limits on permanent outdoor dining
Downtown pols call for limits on permanent outdoor dining
250 Park Avenue and IWG CEO Mark Dixon (Google Maps, IWG)
IWG to open 58K sf co-working site on Park Ave
IWG to open 58K sf co-working site on Park Ave
Outdoor dining in Times Square at Tony's Di Napoli (Getty)
Sidewalk space a hot commodity as city mulls permanent outdoor dining
Sidewalk space a hot commodity as city mulls permanent outdoor dining
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...