Monday: One Big Happy ‘Declining Market’! Plus Adult Dorm Redux

This man has great news for you

  • The Times spends 250 precious Sunday editorial words on adult dormitories–though after word 181 the piece veers from a light-hearted “whiff of nostalgia” to a “noble” plea for affordable housing. All we ask is that the mystery of the Falcon address is solved before anyone pays attention to niceties like “families with small children.” After all, the solution to affordable housing is simply Sunset Park. (New York Times)
  • Poor Bruce Ratner cannot get a break: ‘thousands of Brooklynites’ turned up in Grand Army Plaza to protest the Atlantic Yards Development–even the much feared Rosie Perez. Will better news be around the bend? According to Develop Don’t Destroy Brooklyn’s Daniel Goldstein, the city will soon present its official review of the big proposal’s environmental impact. (NY Post)
  • Crain’s frontpage: As everyone else gets ready for “a declining market,” Countrywide Financial preps dozens of new residential brokerage offices in Manhattan. Less astoundingly, the city’s Hudson Yards plan will politely ask for $2 billion to stir up commercial development (and to fund that pesky No. 7 subway extension.) (Crain’s premium)
  • Why would a reasonably priced three-bedroom duplex in Manhattan Valley go half a year without an offer? New York seeks answers from Bellmarc, Prudential Douglas Elliman, and City Connections execs–and their guesses aren’t that sharp. Maybe, guys, it has something to do with that “decline.” (New York)
  • And why so many new Upper West Side condos–like Anbau’s currently anonymous development at 120 West 72nd? “You don’t have to get in a cab in the dark to go to a health club,” proposes Prudential Douglas Elliman’s executive VP Ann Cutbill Lenane. Now Upper West Siders think: “‘Wow, cool, this is so much easier.'” (New York Times)
  • Pardon the gratuitous Hamptons item, but one cannot ignore The Post‘s bewildering story on the “head-to-head” brawl between East End’s Bridge and Sebonack golf clubs. We were sure Sean Combs had killed the Hamptons late last century, though apparently the culprit has something to do with the recent dwindling of bloodline golf club membership. (NY Post)
  • Pleasant Monday tidbit: Midtown office rent may hit $200 per-square-foot by December. So far this year twenty $100+ leases have been signed in Manhattan–“compared to just 10 in all of 2005.” (Globe St.)
  • Max Abelson