The Round-Up: Friday

Representative Charles B. Rangel of New York has four rent-stabilized apartments in the Harlem luxury building that is home to a handful of politicians, including Governor Paterson. [NY Times]

A public esplanade will take over two traffic lanes on one of the busiest sections of Broadway in August. [NY Times]

Does the city have too many Starbucks? [NY Times]

The architect of the one-year-old New York Times building, Renzo Piano, said he supports planned alterations to the tower’s facade. [NY Times]

Average hourly wages in New York City have risen slower than the minimum wage over the past few years, a new report finds. [NY Times]

Striking concrete truck drivers reached a tentative deal to a contract dispute that had halted progress on construction projects across the city. [NY Times]

Con Edison said it would hike electricity prices 22 percent this summer to off set higher fuel costs. [NY Post]

The Port Authority chief promised that a Ground Zero Memorial, but not the planned museum, would be in place by the 10th anniversary of 9/11. [NYDN]

Report: Manhattan rents drop. [Bloomberg] 

Shares in Fannie Mae and Freddie Mac continued to plunge in premarket trading today, setting off a debate over whether the US mortgage lenders will need a cash infusion and possibly government help. [WSJ]

Hot on the heels of Donald Trump’s record-breaking sale, a Florida car dealer has put his Palm Beach mansion on the market for $72.5 million. [WSJ]

The Round-Up: Friday