The Afternoon Wrap: Thursday

Fear continues to grow on Wall Street, as the Dow tumbles another 437 points. [NY Times]

As the city rezones portions of an UWS school district, a battle brews over “de facto segregation"… and Cynthia Nixon is involved. [City Room]

Ismael Leyva’s plan for a 40-story tower in northern Greenpoint seems destined for serious opposition. [Curbed]

City Council approves the Sanitation Department’s hugely-controversial 12-story garbage truck garage and salt shed for Spring Street’s west end. Locals are furious, threaten lawsuits. [Curbed]

Though the latest quarterly reports aren’t available yet, one appraisal firm offers some data that paints a very bleak future for Manhattan residential real estate. According to Mitchell, Maxwell & Jackson, the number of signed contracts dropped 75 percent during the last two months from the same time last year. [TRD]

Judge issues temporary restraining order to halt the reopening of the Brooklyn House of Detention. [Gowanus Lounge via TRD]

Haute couture gallery and event space coming to ever-trendier Cooper Square. [Colonnade Row via BoweryBoogie]

Bronx’s Park South Condominiums offering free rides to and from the building for anyone with a pre-qualification letter. [BoogieDowner]

Manhattan’s CB 4 votes to extend the protected Eighth Avenue bike lane, already under construction, north to 23rd Street. [Streets Blog]

Own a piece of Williamsburg for only $13,499! [newyorkshitty]