Real estate kerfuffles
A new boom has successfully been hoisted onto the crane at One57, nearly seven months after the previous crane snapped during Hurricane Sandy and dangled ominously over West 57th Street for several days.
The maneuver’s completion—which involved swinging the boom over three buildings before hauling it up the side of the uber-luxury tower—was announced by Extell at just after 3 p.m. this afternoon. Residents of the two co-ops under the boom will now be allowed to return home after being forced to evacuate from their homes last night. It also means that construction will be able to move forward on the condo tower.
The say that New York is not the city it once was is a statement so obvious and oft-repeated that it is all but meaningless. And yet, even for the blasé, who view negative neighborhood change as a losing battle, there are occasionally startling changes, changes that suggest the city has reached an altogether different stage in its gentrification and development.
Like the impending closure of a hip Soho hot spot that has consistently studded its small, intimate tables with celebrities over its 20-year run. And, less than a mile away in the West Village, the opening of a juice bar.
When the good folks at Dunder Miflin start pitching web startups, you know the world’s got a tech bubble on the brain.
“The first lesson of Silicon Valley actually,” says Ryan, “Is that you only think about the user, the experience, you actually don’t think about the money, ever.”
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