It Takes a Village
After trying just about everything everything else to survive, St. Mark’s Bookshop is finally turning to crowdfunding. It was about time. From Brooklyn’s Broken Angel house to the Lower East Side’s Cake Shop, crowdfunding has become a favorite of beloved but penurious institutions and not-quite-lost causes.
St. Mark’s, hoping to help fund a move to a cheaper location, has launched a Lucky Ant campaign to crowdsource $23,000, according to Crain’s. Like so many other stores and people who have long called Manhattan home, the book store can’t afford to pay its rent and needs to relocate. With its rent reduction of $2,500 a month from landlord Cooper Union set to expire in November, the store is now trying to marshal funds for a move.
Buzz on the street about New York University’s latest purchase turns out to be false!
If big purple already didn’t own most of Manhattan, it wasn’t much a shock to have learned from Gothamist that the school/corporation bought Cooper Union yesterday morning. A press release from a @cooper.edu rolled int Gothamist’s inbox and Read More
The full-block office tower set to rise at 51 Astor Place has closed on a construction loan valued at between $165 and $200 million with Bank of America, a source familiar with the project told The Commercial Observer earlier this afternoon.
Wall Street Mischief
Last week was a very bad one for mass transit, a reminder that cars still rule the world, even in New York City. But it could have been a lot worse. Consider what might have happened if Robert Moses had realized his most demonic vision: an expressway plowing right through the middle of Manhattan. Read More
Earlier this week, even Mayor Bloomberg didn’t know that President Obama was coming to New York to speak at Cooper Union today at noon. But a few hours before he’s set to begin, everyone’s already got their verdict on the speech, parts of which have been released. “Obama won’t scold Wall Street,” says Read More
Location: This is a horribly anxious time to be in New York real estate, especially if you’re one of the city’s biggest builders. What keeps you up at night?
Mr. Sciame: I like to say that I sleep like a baby: I sleep for two hours and I cry for two hours. Only kidding. Read More
In what was billed by his campaign as a major economic address at the Cooper Union’s Great Hall this morning, Barack Obama called for a more responsibly regulated economy with stricter penalties on abusers of the market and less dependence on lobbyists.
But before he outlined his vision for a “21st century regulatory system,” Obama Read More
The folks involved with a new building at 51 Astor Place sent out a rendering of the proposed tower last night, and it seems architect Fumihiko Maki plans a building rather reminiscent of his planned Tower 4 at the World Trade Center (a.k.a. 150 Greenwich Street), with a corrugated facade and Read More
Developer Edward Minskoff has agreed to buy a building from Cooper Union, with plans to raze the structure at 51 Astor Place and put a Fumihiko Maki-designed office building in its place, according to a report in The Real Deal.
The price of the building Read More
Cooper Union seems to be moving closer to selling its engineering building at 51 Astor Place, as it recently bought itself out of a clause with the city requiring that the building be used solely for educational use, property records show.
The New York Post reported in March that the college was shopping the Read More