Is there a clear-cut line between southern Chelsea and the Meatpacking District now that both are no longer gritty?
Not really, says a committee that is trying to launch a new Business Improvement District called Meatpacking Area BID that would treat the two areas as one in order to provide maintenance, development and promotional services.
Renderings have been unveiled for a roughly 14,000-square-foot Madison Avenue retail space next to the Whitney Museum of American Art.
The project, still under construction at 935 Madison Avenue, is part of a renovation of a historical 1876 property on 74th Street. The retail portion includes roughly 7,200 square feet on ground floor and 7,100 on the lower level, said Isaacs & Co.’s Joel Isaacs, who is marketing the retail space with colleague Josh Lewin. It will have over 100 feet of frontage on Madison Avenue.
It has been just brutal outside, a mess of snow, sleet, rain, ice and slush, requiring acrobatic skills to jump from snow mound to snow mound.
While surfaces are icy, subway service has been interrupted, states of emergency have been declared and people are cold, has the wintry mix impacted the business of real estate in New York City?
Commercial Observer checked in with some real estate folks to find out.
Contact sports are best suited to youth. As athletes age, the battery of head-to-head competition, the elevated heart rates of high-pressure moments and the agony of defeat can become—if not quite deadly—at least intensely frustrating. Inter-generational contests are particularly hazardous to old-timers, who may be goaded into attempting dangerous feats of which they have long since failed to be capable. Such was the year for Manhattan’s high-end co-op market, in which sellers—inspired by high-priced closings on newer luxury condominiums, and perhaps recalling the days when co-ops represented the city’s creme de la creme—set prices that their properties had no chance of fetching.
Waterbridge Capital is in contract to purchase three contiguous properties located at the southeast corner of 125th Street and Park Avenue in East Harlem for $36.8 million – across the street from Bruce Eichner’s planned 80/20 residential project at 1800 Park Avenue.
The properties, at 1815 Park Avenue, 1801 Park Avenue, and 110 East 125th Street, Read More
When Chloe Sevigny moved to the East Village in the early 90s, it was still an edgy, bohemian enclave with affordable rents and gritty sensibilities—an area befitting a young actress who made her film debut with the NC-17 Kids, then followed it up with semi and not-so-semi-risque roles in films like The Brown Bunny, American Psycho and Lovelace. Still, the actress has told reporters that she chose her most recent East Village home, which she sold over the summer for $1.76 million, in part because it reminded her of the distinctly un-gritty Darien, Connecticut, where she grew up. And if her latest real estate maneuver is any indication, Ms. Sevigny has preserved her childhood sensibilities. She’s just spent $2.05 million for a three-bedroom Park Slope co-op at 9 Prospect Park West, according to city records.
When real estate scion and broker Michael S. Lorber signed on to star in Million Dollar Listing, many thought the move ill-advised—reality TV was a considered a dangerous, if potentially lucrative, move for an unknown up-and-comer, but for the son of Douglas Elliman chairman Howard Lorber, it seemed to offer all of the risk and none of the reward. Then this spring, Mr. Lorber did something that many real estate insiders consider to be even riskier: he decided to broker the sale of his own apartment.
Since 1995, Frederic Fekkai hair-care products—PrX Reparatives Shampoo: 16 oz. for $49; Ageless Overnight Hair Repair: 3.4 oz for $195—have graced the glass shelves of custom-tiled Upper East Side steam showers. Mr. Fekkai, the eponymous brand’s founder, also got his New York start in that neighborhood, when in 1989, Bergdorf Goodman invited him to open an on-site salon in their Fifth Avenue flagship. (Mr. Fekkai is now the proprietor of the world’s largest salon, the Frederic Fekkai salon, also on Fifth Avenue.)
But has the French-born stylist’s romance with the area gone sour? Well, according to city records, Mr. Fekkai has just sold his three-bedroom co-op at 829 Park Avenue for just under $3 million. For the sake of the Real Housewives, we hope he does not plan to go far.
If there remain any lingering doubts about Bedford-Stuyvesant’s ability to attract bold-faced and beautiful to its once-menacing blocks, the migration of Scandinavian models to the neighborhood ought to lay them to rest. City records show that Swedish supermodel Sara Blomqvist shelled out $1.2 million for a Bed-Stuy townhouse.
Ms. Blomqvist, who made her first magazine cover appearance at age 18 for the fall 2007 issue of Plastique—and who has subsequently been the face of Dolce and Gabbana and Missoni—is due to wed the British model Jeremy Young, and given the nature of the couple’s new digs, we suspect they may be planning to expand their family soon.
Lisa Steinberg was just a few months out of college when she was bound, gagged and stabbed to death in the office of a Gap store on West 57th Street near Broadway. It was January of 1992, halfway through David Dinkin’s only term as mayor of an increasingly anarchic and crime-plagued New York.
The murder rate had peaked at 2,245 in 1990. But the number of homicides climbed in the Midtown South precinct—which includes Times Square—reaching 11 in 1993. East New York’s 75th precinct broke the record that year for the most murders in a single precinct: 126.