Looks like the final deal with Larry Silverstein to redevelop the World Trade Center may not have been so hard to put together after all.
Following a rocky initial reception from some Port Authority commissioners, the bi-state agency’s board is now scheduled to meet tomorrow, with the expectation that it will approve the Silverstein Read More
Back in March, after more than a year of stalemate, fighting and negotiating, a deal was struck between the Bloomberg administration, the Paterson administration, the Port Authority and developer Larry Silverstein on a path forward for two office towers on the World Trade Center site.
The city, state and Port Authority would each put in Read More
The owners of the Empire State Building today released a poll that queried people around the country about the place of the skyscraper in New York City’s skyline.
The point of the poll was to show that indeed this building has an iconic place in Americans’ vision of New York, and that changing the skyline would be Read More
A lawsuit challenging the development of Willets Point has been dismissed by a state judge, handing the Bloomberg administration a key victory in its attempts to transform the industrial area by Citi Field into a housing and retail center.
The lawsuit, brought by a set of business and land owners in the project’s footprint, challenged Read More
democracy or something like it
For those who have strong feelings on whether Vornado chairman Steven Roth should be able to build a 1,200-foot tower two blocks away from the 1,250-foot Empire State Building, there’s now an outlet.
Over at the Municipal Art Society’s Web site, there’s an online poll.
Now one day in, things are running pretty Read More
A few of the court documents in the legal battle that’s erupted over the ownership of Stuyvesant Town have popped up online, and, while a lot of the records are sealed from view (at least on the Web site), there’s a couple interesting tidbits.
First a bit of background:
— Early last week, activist investor Read More
A judge has halted the attempt by hedge funder Bill Ackman and Winthrop Realty Trust to seize control of Stuyvesant Town, putting the brakes on the foreclosure the two investors had scheduled for Aug. 25.
Now, the two parties are scheduled to appear in court on Sept. 2.
The special servicer in control of Read More
Check out this clip of Good Day New York featuring our Dana Rubinstein, who was over at the Fox 5 Studios this morning to be part of a conversation (debate?) over Park51—the so-called “Ground Zero Mosque” to be built in Lower Manhattan.
Ms. Rubinstein was on to chat about her story this week Read More
The holders of the first mortgage at Stuyvesant Town do not appear to be impressed by Bill Ackman and Winthrop Realty Trust’s play to take control of the 11,200-apartment mini-city.
The special servicer on the loan, CW Capital, has taken court action against Winthrop and Mr. Ackman, the activist investor and hedge fund manager, Read More
This past spring, Anthony Malkin, president of Malkin Properties and an owner of the Empire State Building, started paying attention to an office tower planned by Vornado Realty Trust. The giant office landlord was seeking approvals to build a tower up to 1,216 feet high two blocks to his building’s west, on what’s Read More
