12 Days of Christmas Gift Guides
Tom Ford. Perrin Paris. Christian Louboutin. Rocking holiday gifts for the downtowner on your list! Read More
Best Laid Plans
One of the few bright spots to Hurricane Sandy, besides a new found appreciation for a subway system we too often loathe, is that crime is down, and according to Police Commissioner Ray Kelly, there have been no homicides since the storm hit the city Monday night.
“We’ve had no murders for three days,” Commissioner Kelly told reporters today inside the portico of City Hall, following the mayor’s afternoon press briefing. ”And we’ve also had a reduction in domestic violence.”
Red Carpet Real Estate
It was but one line in Mayor Michael Bloomberg’s State of the City address in January, but it could prove to be one of the biggest of his dozen years in office.
“In the area around Grand Central, we’ll work with the City Council on a package of regulatory changes and incentives that will attract new investment, new companies and new jobs,” the mayor said from the stage inside Morris High School in the Bronx.
Hizzoner spent more time talking about Cornell’s Roosevelt Island tech campus, keeping the Hunt’s Point Produce Market from moving across the Hudson to Jersey and efforts to further expand the blue-collar workforce on the waterfront. Even the redevelopment of nearby East Fordham Road and Webster Avenue got equal billing with these vague pronouncements about “the area around Grand Central.”
Despite the scant mention, it turns out that for an administration that has never shied away from big plans, this may be one of the biggest projects yet.
Is Meg Ryan sleepless in her rental pad at 40 Mercer Street? Well, the romantic comedy queen has recently been checking out downtown condos with pools, according to the New York Post.
Ah, spring! The season of warm breezes, blossoming trees and brisk home sales is upon us. And last week saw a flurry of activity, with 22 contracts signed for homes $4 million and above, according to the Olshan Luxury Market report.
The number was a luxury market record for 2012, with the biggest contract signed for the $22 million duplex co-op at 88 Central Park West (12 room duplex co-op, park views, 6,000-square feet). However, most of the action was happening downtown and most of it involved condos (10 of the 22 contracts signed were for downtown condos).
Hotelier Andre Balazs has given up on his effort to restore one of the cities grandest dormant dorms.
It was only last October when the magnificent Temple Court, a block from City Hall, was revealed as in contract to the hot hotelier, but the deal fell through and Mr. Balazs may even be out $5 million on it, the Post reports. It is believed intertia in financing the restoration got the better of Mr. Balazs. However a source for the tab claimed that he pulled out for other unspecified reasons.
The Neverending Story
“I’m more bullish today than I was in 2007,” said Cushman & Wakefield’s Tara Stacom of 1 World Trade and the outlook for the 1,776-foot tower that will offer 3.1 million square feet of Class A office space. “I did not think one of the first tenants would be a million-plus feet.”
Signing the lease with Condé Nast in May of this year was, for lack of a less hackneyed term, a game-changer for downtown Manhattan, especially as the area emerges not only from the Great Recession but from the malaise that characterized so much of the area since 9/11.
Everybody Go Downtown
Condé Nast almost walked away from its 25-year deal with the Port Authority for 1 million square feet at 1 World Trade Center (neé the Freedom Tower). Why?
Because the Port balked at installing a cafeteria ventilation shaft that would have, according to the New York Post‘s Keith Kelly, “blast[ed] … out the southern wall, which some sources felt would have marred the aesthetics of the sheer glass façade overlooking the memorial.”
The Neverending Story
If we understood more about what it was, we’d type more (we still have an active Aol account). But, as it stands, we will leave the scooping to Ben Popper at our sister site, BetaBeat, in regard to Mashable moving its offices downtown. (The location of the relocation remains unknown–for now.)
From Mr. Popper: Read More
With Condé Nast’s move to 1 World Trade Center all but official, ground zero has gotten a much-needed flash of panache. With Ralph Lauren soon pulling up in his limo and Rick Hertzberg rolling up on his bike, wouldn’t it be nice for them to have somewhere to take in a show? Read More