Yesterday, The Journal (rightly) complained the lack of progress at two major affordable housing projects, Hudson Yards and Willets Point. This got The Observer wondering about another, though: whatever happened to Hunters Point South, which was approved the same day almost four years ago as the Willets Point project.
Things are moving along quite nicely, it turns out.
It may seem as though there has been limited tangible progress since Related Companies was tapped to develop the project in February of last year, but that is because most of the work is being done below the surface—with on the banks of the East River and the banks of housing finance.
It Takes a Village
N.Y.U has been rather busy of late. The school is still vying to get its Downtown Brooklyn tech campus approved by the Bloomberg administration and yesterday its hulking Greenwich Village expansion was certified by the City Planning Commission, meaning months of acrimonious NIMBYing are ahead.
As if that were not enough, the school has just released designs for a new dentistry school at 433 First Avenue, the latest addition to its healthcare campus on the Middle East Side.
Mr. Ross' Neighborhood
Despite the anticipation surrounding Hudson Yards—a new neighborhood cut from whole cloth, full of open space and affordable housing and not a few shiny new offices, and the jobs that come with it all—the truth was, it wasn’t much to look at. Even the decade-old and not-much-to-look-at-unless-you’re-in-on-the-architectural-joke Time Warner Center was flashy by compare. Then, Related’s Steve Ross decided he could do better. It is rare for a developer to have such a change of heart, but it appears the city is better off for it.
Architects’ prospects are no longer crumbling in the city! Only a year or two ago, they were the most unemployed profession in the country, but after a better 2010 for many New York City firms, things continue to look, uh, up. It is a good sign for the wider real estate and construction community, as Read More
The Journal has a story today about the efforts it’s taken to sell the penthouse at One Jackson Square, a wavy glass condo on the northern edge of the West Village designed by the typically-staid-but-a-standout-here KPF and developed by Hines and Aby Rosen’s RFR. It took more than a $2.8 million price-cut, to Read More