Now that land prices have been soaring in the city for more than a year, commercial developers are wondering whether to hold or sell, Crain’s reports. Some, like Hidrock and Meritage, are now looking to sell after holding onto properties last year while others, like Taconic, are pursuing leasing opportunities as they wait for the market to go higher.
In the mood to ruin your morning by checking out renderings of the luxury tower that will rise next to the cathedral of St. John the Divine? Curbed not only has photos of the controversial project, but reports that blue plywood is now going up around the construction site.
New York Magazine is so excited about the possibility of the Obamas moving to New York that they helpfully provided a rundown of neighborhoods where the first family might want to live. In short, the Upper East Side is a Bloomberg stronghold, but brownstone Brooklyn would be absolutely perfect.
If we’re really serious about tackling income inequality, economist Thomas Piketty thinks we should institute a global tax on wealth, according to Gothamist.
Aby Rosen hates One57. And Tom Wolfe. The Post reports that the developer believes Mr. Wolfe “a buffoon” and of the Extell tower says: “157 W. 57th St., that ugly monster, is an atrocity, in my opinion.”
Increasingly, decisions about opening and closing hospitals are being swayed by community protests, Crain’s reports. Loathe to anger locals, activists and the powerful politicians behind them, hospital boards and trustees are deferring to communities, often to the detriment of the neighborhood’s actual health care needs.
Looking for a no-fee New York apartment? You probably want that for a reasonable price, and in a nice neighborhood, too, right? Well, we can’t all live the dream, but Brick Underground has some website recommendations for those who’d prefer to brave the rental market with a fee-charging broker.
The Mayor has made the unusual move of criticizing NYCHA for failing to install security cameras after money had been made available, according to The Wall Street Journal. Security cameras have become a much-discussed issue after the fatal stabbing of one child and the critical wounding of another this weekend at a Brooklyn housing project.