New York City has worked hard to present an appealing and welcoming image to the rest of the world, attracting a record number of visitors who spend money here and invest in city real estate. They create thousands of jobs and over $50 billion in economic activity. Tourism, hotels and construction are some of the largest economic and tax generators for our city.
Today’s New York, the thriving, safe city that attracts the best and brightest from all over the world, is a far cry from the New York of the early 1980s, when William Zeckendorf had the audacity to put up a 35-story residential condo on Broadway and 96th Street. His colleagues thought he was nuts; the neighborhood was sketchy at best, and in any case, the city’s fortunes remained very much in flux.
Affordable Housing or Lack Thereof
Standing outside the Roseland Ballroom, a squat, three-story music venue on West 52nd Street between Broadway and Eighth Avenue, it’s hard to ignore just how out of place the club looks amid the multitude of banks, hotels and high-rise condominiums jutting up in the near distance. So when Roseland closes in April, it should come as no surprise that the club will be demolished and a 59-story apartment building will be erected in its place, as The Observer learned from a spokesman for the club’s owner, developer Laurence Ginsberg.
Advocates trying to speed up the construction of affordable housing that was promised as part of the controversial Atlantic Yards project are letting bygones be bygones when it comes to Mayor-elect Bill de Blasio’s support of the original deal.
A slew of pols rallied this afternoon to halt the project’s sale to a foreign-contractor, Greenland Holdings Group of China, in yet another effort to ramp up construction of long-promised affordable housing in the area. But when asked about whether Mr. de Blasio should have been more vocal on the issue, a complete silence followed a brief response from one official.
THERE GOES THE NEIGHBORHOOD
Do you hear that? It’s the sound of dozens of uptown preservationists dumping their carefully annotated copies of The Encyclopedia of New York City into their recycling bins. Columbia professor Kenneth T. Jackson, the man who literally wrote the book on New York City history and president emeritus of the New York Historical Society has officially become a persona non grata among the Landmarks West set.
Poor Williamsburg. It’s now suffering a terrible fate known to but a handful of pert prom queens and high school football hunks—it is not only possible to be popular, but to be too popular.
While many of the newcomers who have recently washed up on Williamsburg’s luxury condo-strewn shores are no doubt aware that the neighborhood is “changing” and that that change is part of what makes it attractive to so many new, well-heeled residents—would they have been able to buy artisanal chutney there back in 2005?—they’re apparently more than a little uncomfortable with the fact that it continues to, well, change. At least, they hate the construction, according to DNAinfo.
New York apartments are notorious for being about as big as a shoe box, but those were typically 19th century tenements. Today, the Bloomberg administration brought tiny apartments into the 21 century with My Micro NY, the winning entry in a competition launched last July to create a miniature housing model for the city.
Currently, it is illegal to build a new apartment smaller than 450 square feet, but the new program seeks comfortable, attractive housing units between 250 and 375 square feet. The city’s Department of Housing Preservation and Development received 33 different entries for the project, which will be built on a city-owned site in Murray Hill.
One of the big debates that has been raging around the rezoning of Midtown East is how it might impact development already underway around the city, much of it funded in part by the public sector, and thus taxpayers. Should these projects fail, Joe Public could lose out on his investment.
The World Trade Center and Hudson Yards have been two focal points, but Manhattan West, which broke ground yesterday, ought to be considered, too. While the project’s backers bragged at the groundbreaking about building without public subsidy, they are still competing for the same anchor tenants as their rivals further east. Furthermore, the $2 billion the city contributed to the construction of the 7 train nearby is to be paid back through property taxes on the new projects. No new development, no bond proceeds, big trouble for the city.
Still, Mayor Bloomberg is standing by the decision to fast-track the Midtown rezoning and ensure it gets completed this year.
For the second time in as many months, Mayor Michael Bloomberg trekked out the Far West Side for a groundbreaking on a major new development built over a set of railroad tracks. While Brookfield’s Manhattan West is not quite as big as The Related Company’s Hudson Yards, in its size and scale and heft and sheer exclamation of the arrival of this once derelict corner of the city, the project measures up pound for pound. Some 5.4 million square feet of offices and housing and shopping on not much more than one city block.
“With today’s groundbreaking, we’re taking a major step forward in the transformation and rebirth of the Far West Side of Manhattan,” Mayor Michael Bloomberg said from the podium at the corner of 33rd Street and Ninth Avenue.
Back in September, The Observer wondered just how many luxury towers could possibly pop up on 57th Street, following the announcement of 107 West 57th Street. This was in addition to Gary Barnett’s One57, CIM and Harry Macklowe’s 432 Park and Mr. Barnett’s 225 West 57th Street, which is poised to become the city’s tallest tower at 1,550 feet. And all the way down at the Hudson, there is of course Bjarke Ingels and Durst Fetner’s pyramid apartments.
Now, the shiny strip has a new eastern redoubt. The Observer has learned that a long-planned 57-story tower at 250 East 57th Street, on the corner of Second Avenue, is set to rise this year. Demolition already began on the old high school on the 63,000-square-foot lot in November, the same month World Wide Group, the project’s developer, filed new construction documents for the contorted tower designed by Roger Duffy, the art-loving visionary at SOM who designed the equally daring Toren condo tower in Downtown Brooklyn,