The Observer has launched a new weekly real-estate section called Location.
Macklowes Ink Second-Biggest Building Buy in U.S. History
“Macklowe Properties paid $1.73 billion for Worldwide Plaza at 825 Eighth Avenue, the second-largest sale price for an office building in U.S. history.”
Durst Signs Himself at One Bryant Park
“The Durst Organization will take the entire 48th and 49th floors for a total of 61,000 square feet at the Bank of America Tower.”
Go to Commercial Breaks by John Koblin.
No Vacancy for Stephen Ross’ Related at Amsterdam Inn
“Steve Wiebe’s Westside Brewery Co., located at the corner of Amsterdam Avenue and 76th Street, is about the last business left on the block. Apart from the bar, only the low-budget Amsterdam Inn directly above it remains in operation on this side of the street. Both the hotel and tavern are staying put, though, which somewhat complicates things for developer The Related Companies, which has otherwise wiped out a whole strip of storefronts in ravenous pursuit of the full block.”
Go to Counter Espionage by Chris Shott.
Mr. Bollinger’s Battle Over Columbia’s Harlem Expansion
“It was more than two years ago, over a couple of beers at The West End in Morningside Heights, when Jordi Reyes-Montblanc first told a Columbia University official that he wanted a community-benefits agreement.”
Go to story by Matthew Schuerman.
Stuy Town Paper to Landlord: Read This!
“Town & Village‘s torchbearers insist that the paper never shies away from more contentious issues at Stuyvesant Town and Cooper Village, reporting extensively on neighborhood crime as well as the frequent landlord-tenant disputes that inevitably arise at any rental property, particularly one so enormous. Lately, though, the landlord-tenant stuff has taken up an awful lot of column inches.”
Go to story by Chris Shott.
Bloomberg Administration Names Top Development Priorities
“Pull up a chair in City Hall! Deputy Mayor Daniel Doctoroff gabs about Atlantic Yards, the far West Side, Bloomberg’s final years in office,and Adam Gopnik.”
Go to The Sit-Down by Matthew Schuerman.
How Pricey Co-ops Get Better Deals at Tax-Time
“The city Department of Finance estimates New York’s property value at $802.4 billion for the coming fiscal year, which starts July 1. It could be worth a lot more, if some in city government had their way–and if the state, which sets the city’s property-tax structure, would listen. But fundamental changes to the city’s property-tax structure seem as bloody likely as a new rent-controlled building along Central Park West.”
Go to The Lab by Tom Acitelli.
Dude Descending a Staircase
“Where did all the skinny spiral staircases go? That was a time. It’s all over. The duplex is no longer so de rigueur. The man in the turtleneck is now a boy staring at a rectangular screen. He wears no gold around his neck. All the ornament is in the digital image, going left or right. Life has become an eternal pan, a horizontal prison. There is no secret upstairs: no murder, no spiritual ascent.”
Go to Interiors with Toni Schlesinger.
Billionaire Flowers Seeks $23 M. Flip for Old Lycee Mansion
“Billionaire J. Christopher Flowers has put the East 73rd Street mansion he bought just three months ago on the market, with a $6 million markup.”
Luca Luca Guy Drops $3.345 M. in Gramercy
“Forty-two-year-old Luca Orlandi, the celebrity-friendly founder of Luca Luca, will have a nice new nest to feather now that his fall line has finished exhibiting at Fashion Week. According to city records, the designer has bought a duplex penthouse co-op at the Gramercy House at 22nd Street and Second Avenue for $3.345 million.”
Go to Manhattan Transfers by Max Abelson.
They All Live in City Boxes, But They’re Not All the Same
“The new book High Rise Low Down is a love letter to Manhattan’s better buildings, and, like most love letters, it’s sappy in parts, repetitive, and ends with rosy hopes for the future.”
Go to book review by Tom Acitelli.
Deeds and Deals
“Chuck Schumer and Hillary Clinton lean on the new owners of Starrett City, and Robert Caro wouldn’t change a thing about The Power Broker.”
Go to Deeds and Deals by Tom Acitelli and Mark Wellborn.