All stories about "Curbedwire"

Thursday, July 3, 2008

CurbedWire: A New Angle on Perry Street, Bank Disease

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WEST VILLAGE—Sure, our last check-in with Asymptote's somewhat slow-moving condo building at 166 Perry Street wasn't all that long ago, but who doesn't want another look at all that bendy glass? The mini-Meier, if you recall, will have quite the lobby. [CurbedWire Inbox]

BANKVILLE—Think bank backlash is something new? Writes a tipster: "I just found an interesting quote about the proliferation of banks in the city back in the day. From Page 60 of Ada Louise Huxtable's Will They Ever Finish Bruckner Boulevard? (New York: Macmillan Company, 1970): "...en masse they make streetscapes of suffocating dullness. There is, in fact, a kind of creeping bank disease laying a cold, dead hand on New York..." [CurbedWire Inbox]


Tuesday, July 1, 2008

CurbedWire: LIC Breaking the Bank, Extell's Two New Towers

2008_6_badge.jpgLONG ISLAND CITY—A shade under two mil in LIC? It happened, writes a tipster: "Everybody makes such a big deal about the Arris. A few weeks ago, an apartment (OK the penthouse) in former Development Du Jour The Badge Building (right) quietly closed for $1,925,000. It closed, it's on record. Just sayin." Indeed. Mercy. [CurbedWire Inbox]

UPPER WEST SIDE—Extell's Riverside South development just keeps on growing! Already home to the Avery and the Rushmore, Riverside South will soon be graced with two new towers on West 62nd Street and West 63rd Street. The announcement came in a press release regarding Extell's securing of a $613 million construction loan for the project, the largest construction loan in the U.S. this year (what credit crunch?). There will be a 38-story condo/rental tower, and a 23-story rental building. Completion is expected in 2010. It had been previously reported that the condo one would be called The Aldyn. [CurbedWire Inbox]


Thursday, June 26, 2008

CurbedWire: Onyx Clarification, Jane Says, Scooter Park

2008_6_onyxsm.jpgCHELSEA—Our item yesterday regarding rental listings at Chelsea's Onyx (right) may have been a little misleading. Corcoran broker Joseph Bongiovanni explains: "Having sold out the Onyx Chelsea myself, I can tell you it is, in fact, sold out. A few condo owners who bought and closed are renting out their units. The 'For Rent' sign is for the commercial space. For the record, the Onyx never stalled although there was a slight delay of putting up the façade. It is an awards-winning façade designed by the highly acclaimed FXFowle." [CurbedWire Inbox]

FAR WEST VILLAGE—Regarding The Jane hotel (that's the official name, not Jane Hotel) and its gritty renovation, an inside source has this to say: "The Jane is actually being carefully and beautifully restored by Sean MacPherson and Eric Goode, not renovated. They are taking every precaution in restoring the NYC landmark hotel into a stylish, yet affordable place to stay." [CurbedWire Inbox]

SOMEWHERE IN QUEENS—Smokey Oval Park is already an awesome name, but tomorrow the patch of green will be renamed in honor of late Yankee great Phil "Scooter" Rizzuto, who grew up in nearby Glendale. According to the Parks Department, "The park has been known as Smokey Oval since it opened in 1938, but it was officially named in 1987. The name refers to the park’s location across from a Long Island Railroad terminus, which once made it a landing area of soot and ash from the railway smoke." [CurbedWire Inbox]


Tuesday, June 24, 2008

CurbedWire: 'Sexy' Verizon Building, Big Bowery Bucks

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FINANCIAL DISTRICT—The Verizon Building at 375 Pearl Street is the skyscraper nobody loves. That's why it's undergoing a massive glassy renovation to lure new commercial tenants. But one Curbed reader is not convinced the new look is better. He writes: "I was walking over the Brooklyn Bridge on Saturday and snapped this shot of the Verizon building at 375 Pearl Street. Who says it's such a monstrosity? It looks kinda, sorta, sexy in the shot." If you say so! [CurbedWire Inbox]

EAST VILLAGE—The latest tower rising over the Bowery, 52E4, is bringing something new. It's also breaking records. The penthouse has gone into contract, a source tells us. The sale price was $3,250,000 (not including parking), which at $2,467 per square foot, is a Bowery record. Mazel tov. In the old days, imagine what $2,467 could get you on the Bowery. [CurbedWire Inbox]


Thursday, June 19, 2008

CurbedWire: Bowery Lux, Howard St. Hotel and a RAINBOW!!!

MADISON SQUARE/FLATIRON—We are not heartless. We can enjoy some nice rainbow photographs as much as the next guy, especially when they involve the towers—completed and otherwise—of the Madison Square Park and Flatiron area. The pictures were snapped yesterday, and our photog writes: "Looks like the southern pot of gold is on the 20th floor of One Madison Park." Shouldn't the pot of gold be a bit higher, like, say, the $45 million penthouse? [CurbedWire Inbox]

EAST VILLAGE—The clock may be ticking on architect Robert Scarano's ability to do business in New York, but his Bowery tower at 52 East 4th Street chugs along. A press release just went out about the building's penthouse, and it's a keeper: "While the Bowery accommodated new immigrants in the late 1800s, then punk-rockers throughout the 1990s—now the Bowery is in for something new—luxury. 52E4's penthouse is the most valuable piece of property to ever hit the Bowery with a ticket price of $2600 per square foot for the 1317 square feet inside and 1000 square feet outside ... The common association with the Bowery traces back to tight conditions in former tenement houses during Ellis Island’s hey-day, but that’s all about to change." [CurbedWire Inbox]

SOHO—Writes an anonymous tipster, "Please post an anonymous tip: The corner property on the NW corner of Howard Street & Broadway is being considered for a hotel development site." Yes ma'am. Or sir. You'll never know! [CurbedWire Inbox]


Tuesday, June 17, 2008

CurbedWire: FiDi Cashes In, Lotta Parties, Windermere Rumor

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FIDI—A tipster sends in the above photo of a retail space at 5 Hanover Square, nothing the aggressive usage of our favorite Financial District moniker. Not surprising, because this is a Kent Swig building, and Swig Equities has been a big FiDi pusher. What is surprising, however, is that the average income of the neighborhood's residents is $240,000? Good lord! That's so much, um, less than us! [CurbedWire Inbox]

HARLEM—Former Development Du Jour Lotta Condominiums, a fun little 35-unit conversion job on West 118th Street, will be celebrating itself tonight with a rooftop/model apartments shindig. Sushi will be served, just to bang home the message of West Harlem gentrification. [CurbedWire Inbox]

HELL'S KITCHEN—The situation at Ninth Avenue's legendary and legendarily screwy Windermere is so messed up that no rumor about the boarded-up building can be counted out. But this one sounds like a longshot: "I have heard that the owners of the Hudson hotel purchased the Windemere and plan to convert it to condos." We asked where this information came from, and our tipster repllied, "From the barber at Roosevelt's (the neighborhood barbershop), who claimed to have heard it from the manager at the Hudson hotel." [CurbedWire Inbox]


Monday, June 16, 2008

CurbedWire: 290 Mulberry is Faux Real, WaHI Residents Want to Cook, Georgica Sales Update

NOLITA—Sure, there's some controversy as to whether SHoP Architects' wavy 290 Mulberry Street is "real" brick façade, but we don't care! We think it's purty, and these updated Construction Watch photos sent in by a Curbed tipster do nothing to dissuade us from that opinion. We'll take that penthouse, please! [CurbedWire Inbox]

WaHI—Residents of 700 Fort Washington Avenue were joined by Manhattan Borough Prez Scott Stringer today at a rally against their building owner, the Ohebshalom family, also known as the Shalom family (they reportedly own over 100 buildings under various names). This latest protest against the notorious slumlords was held because Con Ed had to shut down gas to the 73-unit building in May, and cannot restore service until repairs are made to the cooking gas system in the building, which obviously will never happen. [CurbedWire Inbox]

UPPER EAST SIDE—According to a press release from developers the Ascend Group, Georgica, the latest family-friendly glassy addition to the Upper East Side, is over 30% sold. Must be all that sweet sweet khaki. [CurbedWire Inbox]






Tuesday, June 10, 2008


Friday, June 6, 2008

CurbedWire: FiDi Crane Comes Down Peacefully, BPC Ferry Terminal Floats In, 15 Offers on Prince

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FIDI—The facade job at 211 Pearl is losing its crane. Per a tipster: "Just thought I'd let on the hot tip that the crane at 211 Pearl is being dismantled under the watchful eye of the DOB." (By presumably not allegedly corrupt inspectors.) The contrast of old vs. new at the site is always a compelling one. [CurbedWire Inbox]

BATTERY PARK CITY—Don't be surprise to see something weird floating off Battery Park City tomorrow morning. There's a "new state-of-the-art ferry terminal" being floated into place tomorrow morning, arriving around 8:30AM, give or take. The $50 million terminal will be opening during the summer. The terminal can handle five ferries at once an has a 22,000 square foot passenger waiting area. [CurbedWire Inbox]

SOHO—Shameless shill or indication of some life left in the market? We don't know, but the claim about 195 Prince is as follows: "Went to the open house on Tuesday and spoke with the broker today. He already has 15 offers! they are doing best and final friday night. I guess if the property is right, there are plenty of people still looking to buy even at $1,300/sf for a 4th floor walk up!" [CurbedWire Inbox]


Thursday, June 5, 2008

CurbedWire: Jersey Goes Upscale, New Flatiron Plaza

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UNION CITY—On the other side of the Lincoln Tunnel, just two miles from midtown Manhattan (or so they tell us), lies Union City's first luxury high-rise, The Thread. According to press materials, the 15-story 151-unit building has sold out its first phase of pre-construction apartments, and the Grand Opening party is on Sunday. More: "The Thread is redefining luxury living in Union City through its spectacular views of Manhattan’s famed skyline and comprehensive amenities package, including a doorman, a first for Union City; concierge, recreation room with billiards table; state-of-the-art fitness center; children’s playroom; landscaped outdoor plaza with barbecues, putting green and children’s play area; and an onsite parking garage." Prices range from $300,000 to the $800,000s. [CurbedWire Inbox]

FLATIRON—According to a Flatiron Building worker bee, everyone in the building just got this memo: "Flatironers, You may have noticed (or heard) the construction in the street on the Broadway side of the building that started yesterday. The City of New York, in it's infinite wisdom, has decided to install a pedestrian plaza that will extend from 25th st south to 22nd st. Installing this plaza will essentially narrow Broadway and 5th ave down to two lanes from 25th to 23rd and continuing on the Broadway side to 22nd. When completed, tables, chairs, umbrellas and planters will be installed for your lunchtime enjoyment. In addition, a new food kiosk will be installed on the island just north of 23rd st. They will also reinstall the bus stop that existed on the Broadway side of the FIB until yesterday. The City expects the digging will be completed within about 2 weeks and all work will be completed within about 6 weeks time." [CurbedWire Inbox]

Check out The Thread's garden. (Things grow in New Jersey?) >>

Tuesday, June 3, 2008

CurbedWire: Hot Harlem Mess, As the Sheffield Turns

HARLEM—Every now and then, we like to see some photos of real estate anti-porn, just to cleanse the palate. Which leads us to the above. Writes a tipster, "Speculators in Harlem continue to hold onto burnt out brownstones in the hope that the prices for these shells will continue to move skyward (buying a shell for $1.3 only to spend three times that renovating it!?!?). Here's an example at 240 West 123rd Street. The roof is gone, rainwater seeps into the adjacent buildings, and the front yard is a rat infested dump (literally). The facade has now come crashing down (for the second time) causing the police to decorate with yellow caution tape. Worse: The owner RENTS across the street and is indifferent." There are a few DOB complaints registered over the past couple days complaining about the crumbling structure. [CurbedWire Inbox]

HELL'S KITCHEN—The battle between developer Kent Swig and the rent-stabilized tenants, market-rate tenants, condo buyers and marching bands at his Sheffield 57 building is so out of control that we have no idea what this means or if it's true: "A 7A Proceeding was filed against the owners of the Sheffield57 condo building by the Rent Stabilized Tennants Association. At the first court date on May 29th Swig's atty's got a postponment. As a result of the filing, the judge placed a lien against the building. The next trial date is scheduled for June 19th. Stay tuned." Ah yes, the famed 7A. They have good brunch, right? [CurbedWire Inbox]


Thursday, May 29, 2008

CurbedWire: 7 WTC Acting Presidential, Citylights Clarification

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FIDI—Developer Larry Silverstein's 7 World Trade Center is no stranger to big art thingies, which makes the sudden appearance of a ring of white paper (we think?) around one of the upper floors all the more curious. Writes a tipster: "I took these pics downtown today. Notice a ring on one of the floors. Being a downtown architectural, real estate, and Curbed junkie, I was intrigued. New tenant in 7 WTC? During lunch I walked over and asked security what was going on, and they said it was a White House architectural competition, my interest was piqued.I looked it up on the internet and believe it is this. It says jury pending. Maybe that all star cast of characters is judging today! John Maeda, Liz Diller! Interesting how it rings the entire building, what a backdrop to the judging!" [CurbedWire Inbox]

LONG ISLAND CITY—This one goes out to you, Citylights haters: "I just wanted to clarify something with regard to your readers' outrage over high maintenance prices at Citylights. Part of the reason that the exorbitant maintenance fees are palatable is that we pay no (read, ZERO) property taxes. This is in effect for another 10 years or more, i believe. When the tax abatement ends our maintenance will go down significantly. In addition to that, all of the maintenance fees that we pay that are part of the building's underlying mortgage are tax deductible. So not only is it a great area to live, its quite affordable as well, more than you would think. Even if you are buying in now. The amount you WOULD pay in NYC in combined maintenance and property taxes are what we pay in maintenance alone (again, no property taxes!)" [CurbedWire Inbox]]

A close-up of the 7 WTC ring of white. >>

Tuesday, May 27, 2008

CurbedWire: Another East Village Newbie, Gehry To Appear

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EAST VILLAGE—It seems like every empty lot in the East Village is sprouting, except for the Milstein's of course (although...). Here's the latest one: "Anyone have info on the development at 315 East 11th Street b/w 1st and 2nd? The parking company moved to the formerly underused garage across the street and recently began demo work on this garage, here's the demo permit. The only info I've been able to dig up is that they're planning to build an 8 story, 36 unit residential building there. The building is gone and it looks like they've started digging the foundation." Well, that's already a lot of information, but according to another permit, the Stephen B. Jacobs Group is involved. [CurbedWire Inbox]

FINANCIAL DISTRICT—Even though in essence it has already been unveiled, Frank Gehry's Beekman Tower, the 76-story rental building that's #1 with all the kidz, will officially be revealed following a Forest City Ratner "construction ceremony" on Friday afternoon on Spruce Street. On hand: color renderings, models, Bruce Ratner and the Gehrmeister himself. [CurbedWire Inbox]


Thursday, May 22, 2008

CurbedWire: The Jersey City Taco Bell/Condo Conundrum

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JERSEY CITY—We cannot guarantee accurate results when we wade into the murky waters of New Jersey, so in the case of the Exeter Property Company's text your vote campaign for a development site near City Hall (winning at the moment: Taco Bell drive-thru), it's not surprising there's a lot more to be said. New York's Sixth writes us: "I believe you have the wrong Exeter Property linked on the post. The Exeter Property in Jersey City is owned by the Silverman brothers. Their retail website is jclofts.com. Second, there are some renderings of their proposal on JC Vibe. Third, I have pictures of what is on that site previous at New York's Sixth." Majestic II already does kind of sound like a nail salon, doesn't it? [CurbedWire Inbox]


Tuesday, May 20, 2008

CurbedWire: Turtle Bay Follies

2008_5_cranesmall.jpgTURTLE BAY—Acting DOB commish Robert LiMandri released a statement today following a review of zoning approvals given to 303 East 51st Street, where a crane collapse killed seven people back in March. Like his predecessor, LiMandri says the building was approved in error: "Based on this now completed review, which included the previous decisions made regarding approvals, the Department’s Deputy Commissioner for Technical Affairs—our chief zoning expert—has determined that the proposed construction plans do not comply with the law and must be changed." The statement says that if the developer doesn't address the DOB's concerns within 10 business days, the building permit will be revoked. So, the lesson here: kill seven people, you're still good to go. Inept DOB approves your illegal permits: you've got problems! [CurbedWire Inbox]

TURTLE BAY—Meanwhile, in non-fatal Turtle Bay construction snafus, Extell's 212 East 47th Street was slapped with a partial stop work order for—brace—plumbing work without a permit! Writes a tipster, "Buyers are upset because this might create closing delays." Yawn. [CurbedWire Inbox]


Thursday, May 15, 2008

CurbedWire: Glam on Amsterdam, Caledonia Lottery Update!

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UPPER WEST SIDE—One glance at the rendering for Related's twin-towered The Harrison leads to a question: what the heck is that building in the middle? It's the Amsterdam Inn, a budget hotel between 76th and 77th Streets that also houses the Westside Brewing Co., the same establishment that was in the news recently regarding the destructive qualities of neighboring construction. A tipster writes: "The Amsterdam Inn wouldn’t sell out to Related. But rumor has it the Inn owner may actually go ahead and convert it into a real boutique hotel. West Side Brewery’s lease was up in February but they got extended to September. Not sure what happens then." A boutique hotel, just what this city needs! [CurbedWire Inbox]

CHELSEA/MEPA NORTH—An all Related CurbedWire! The rental portion of the developer's new Caledonia building, which is almost on top of the High Line, features one of the most anticipated affordable housing lotteries ever seen. Writes one entrant: "I got my wait list notification for Related's Caledonia housing lotto in the mail today. Very jealous of the people who will get these cheap apartments and those ahead of me on the list but, honestly, kind of happy with my very low wait list number." Careful where you do that yoga. [CurbedWire Inbox]


Tuesday, May 13, 2008

CurbedWire: Prince St. Goes Green, Landmark of the Future

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SOHO—Brooklyn is not the only borough getting some snazzy new bike lanes, of course. A Curbed correspondent sends the above photos from Prince Street, where a brand new bike lane is, for the moment at least, minty green. Do recall that Prince Street may also become car-free on summer Sundays. Some wacky stuff going on down there. [CurbedWire Inbox]

FAR WEST VILLAGE—In addition to giving the go-ahead to the extended Noho Historic District, the Landmarks Preservation Commission also voted to calender 110-112 Horatio Street, the former Devoe Paint Factory just south of MePa. Writes the GVSHP: "The building is one of eight individual landmarks the LPC promised to designate in the Far West Village in 2005 in response to the push for extension of landmark and zoning protections in the area led by GVSHP. The Keller Hotel, 159 Charles Street, and 354 West 11th Street were designated in March of last year, while Westbeth, Charles Lane, and 370 and 372 West 11th Street are the four remaining promised individual landmark designations which the LPC has not yet acted upon." [CurbedWire Inbox]


Thursday, May 8, 2008

CurbedWire: My Dwyer Apartment Rules, The View Gets 'Sick'

HARLEM—After a bit of backlash at new 123rd Street condo development The Dwyer, we knew it was only a matter of time until we heard from a customer again, especially after word came through that appliances had been delivered. Folks, we love a happy ending: "Last week I got the opportunity to walk through my finished apartment at the Dwyer. Must admit I was a little worried the quality would not be there since they had taken what seemed like forever to finish. Luckily my fears were totally unwarranted. Like any new construction there where a few small issues but nothing to lose sleep over. I've attached some pics of the finished product. It's been a long and winding road but it looks like I'll finally be calling 123rd and St. Nicholas home." [CurbedWire Inbox]

LONG ISLAND CITY—Over on the Queens West waterfront, the Jesuscondo known to mere mortals as The View is enjoying a "friends and family" opening, according to a tipster: "I was walking along Center Boulevard in LIC where the new Rockrose Building, The View, is being built. I look to my left a little and I see a glorious sales office open and ready to go. It's located in their rental building at 4720 Center Boulevard which is right on the water. The sales office is glass on all three sides and it faces the actual building that they are selling. Kind of sick. Plus the back conference room has glass that has, of course, beautiful views of Manhattan."

And that's when things got interesting! >>

Tuesday, May 6, 2008

CurbedWire: Gansevoort Park Gets Wet, Trump Soho Legalized

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MURRAY HILL—The ubertrendy Gansevoort Park will change the face of Park Avenue South forever, and indeed the under-construction boutique hotel is already making its presence felt. A tipster snaps the above spy shots and writes, "They just hit a water pipe of some kind - DEP shutting off water to surrounding buildings near 29th Street and Park Avenue." [CurbedWire Inbox]

SOHO—Hey, remember the legal challenge to the Trump Soho? The one that was memorable for so many reasons, including ClosetGate? Well, the Board of Standards & Appeals finally ruled on the matter, and surprise, the BSA upheld the city's ruling that the condo-hotel is permissible under zoning. Writes the Greenwich Village Society for Historic Preservation: "While this is deeply disappointing, it is not unexpected, given that the BSA is composed entirely of Mayoral appointees, and they very rarely rule against fellow Mayoral agencies (such as the Department of Buildings in this case). The good news is this means the case can finally be appealed to an independent court now that the BSA has ruled, and our allies at the SoHo Alliance are planning to file such an appeal in NY State Supreme Court shortly." Yay, more court! [CurbedWire Inbox]


Thursday, May 1, 2008

CurbedWire: Gehry Gets Worked, J Condo Choppers

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FINANCIAL DISTRICT—Beekman and Spruce Street will soon give way to Frank Gehry's huge pile of crinkled steel, but right now it looks like any other construction site. Writes a tipster: "Earlier today I was walking in FiDi on Beekman Street and noticed that construction had suddenly made a lot of progress on the Frank Gehry rental building (basements and ground floor). I have attached a picture (Pace university in background)." [CurbedWire Inbox]

DUMBO—In response to a recent J Condo PriceChopper, a slightly disgruntled tipster writes: "It might be a nice change if you gave the full story when you post price chops in asking prices from StreetEasy. For example, you recently posted on a price chop at J Condo but failed to point out that even with the most recent price cut on that unit, asking is still 15% over what the owner paid for the place. Or if you're not going to paint the full picture then maybe post something equally uninformative on the opposite side of the coin. For example the price on unit 29F recently went up 115k." Noted. [CurbedWire Inbox]


Tuesday, April 29, 2008

CurbedWire: Nolita Firesale, Crane Collapse Quiet

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NOLITA—A special Curbed correspondent sends in this shot of a sign outside BApple Realty on Prince Street in Soho. Desperate times? [CurbedWire Inbox]

TURTLE BAY—Over at 303 East 51st Street, the site of the tragic and fatal crane collapse that touched off a wave of overdevelopment criticism and a high-profile resignation or two, a reader has some questions: "I live near the crane collapse site and walk by it every day on my way to work. It’s been more than a month since the crane collapse, and now the site is quiet. No workers, just a security guard. I also noticed that Reliance Construction Group has vacated its storefront office on Second Avenue between 51 and 52 (they were using the former space of a restaurant called Fusia). What’s going to happen to the site? Will it basically remain in limbo for years? And is Reliance Construction Group out of the picture?" [CurbedWire Inbox]


Thursday, April 17, 2008

CurbedWire: Tower Cranes Now Mostly Almost Safe, More!

SOMEWHERE ABOVE YOUR HEAD—A delightful press release brings the news that the Building Department's safety inspection sweep of tower crains—like the one that demolished a swath of the East 50s last month—has been completed. Data: of the 29 tower cranes currently operational, eight were issued violations and shut down; as of today, only one such crain is still not in compliance. (Which one? Let us know, because the press release didn't.) Meantime, up next: an inspection of the appoximately 220 mobile cranes in operation. UPDATE: This Bloomberg story has the full list. Goldman Sachs' new HQ and—natch—Trump Soho were among the violators. [CurbedWire Inbox]

2008_04_1seventhsmall.jpgWEST VILLAGE—Remember the cool, pointy-looking new development called One 7th (right)? A tipster emails: "Looks like they dropped Douglas Elliman and hired Carrie Chiang at Corcoran. She changed the address to 67 Carmine, but the building name is still One 7th. Its been on the market for a year, and no sales." Corcoran confirms the news; note that Elliman did not previously have an exclusive on the building. [CurbedWire Inbox]


Tuesday, April 15, 2008

CurbedWire: Strange Rock Formations Attack MePa

MEATPACKING DISTRICT—A special Curbed tipster sent along the above photos of the MePa getting rocked, for reasons we are too ignorant to understand, and too lazy to research. What gives? Just some more dangerous obstacles for tipsy starlets to trip over? [CurbedWire Inbox]

UPPER WEST SIDE—An e-mail titled "A Windermere in the Making" is bound to get our attention, and indeed, this one has: I thought you might be interested in the goings ons at the Greystone Hotel, an old apartment building at 91st and B'way. Over the past year or so, our building has found itself in a similar situation to The Windermere at 57th Street and Ninth Avenue. There are approx 500 apartments in the building and right now only about 100 of them are occupied because the owners have started construction on our building with us still here. They have also raised the rent on all the street level retail units, so many of them are now empty."

Asbestos, Italian marbe and a pool. >>

Thursday, April 10, 2008

CurbedWire: Nolita Trailer Ain't Trash, More Q1 Controversy

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NOLITA—A tipster sends in the above curious photo of an Airstream trailer being dropped off at the construction site at Elizabeth and Prince Streets, demanding more info on said curiosity. We've learned that the new 7-story boutique condo building at 211 Elizabeth Street will use the Airstream as its showroom, and it will be set into the ground floor of the building. The whole shebang is being unveiled tomorrow, and we'll have much more to say about this building then. [CurbedWire Inbox]

BROKERVILLE—Dolly Lenz has already made her opinions felt regarding the discrepancies between the Prudential Douglas Elliman first-quarter sales report and the far sunnier Halstead/Brown Harris Stevens report, and now Halstead/BHS chief economist Gregory Heym (who prepared the report) has weighed in as well. In a memo sent to all agents in the company, he wrote: "Last week, we released our First Quarter Market Report for Manhattan based on closed sales and our competitors released their own individual reports as well. One of the other reports stated that the number of sales had fallen 34% compared to the first quarter of 2007. This decline in sales was widely reported in the media, along with our findings of only a 1% decline in the number of sales. The main reason for this discrepancy is how many sales actually closed during the first quarter of 2008."

So how did he calculate it? >>