Construction Outlook 2012
Plenty of statistics point to the need for new office construction in Manhattan, and the city’s aging building stock isn’t least among them.
Indeed, no meaningful addition to the city’s roughly 400 million square feet of commercial space has been added to the skyline in two decades, raising questions as to whether it could face a shortage in the coming years, a situation that has pressured rental spikes in the past. For now, however, amid what appears to be at least a hiccup in leasing during the last quarter of 2011 and the opening quarter of this year—not to mention lingering concerns about the health of the economy—only the most intrepid developers have gone into the ground with projects.
Many people consider 375 Pearl Street the ugliest building in New York. It is not only its blank concrete facade that people so detest but also its ruinous effect on the downtown skyline. Just north of the Brooklyn Bridge, the 32-story tower has no tall neighbors to hide it, sticking out like a sore thumb, Read More
The High Line has become the backbone of the city’s best architecture, this generation’s Park Avenue. From the Standard Hotel to Nouvel’s 100 11th, from Frank Gehry’s IAC HQ to HL23, the High Line–itself an exquisite work of architecture and landscaping–has won a reputation as the best spot to build stunning new structures, as well Read More
Just 11 years ago, the space was a massive loading dock. Now huge screens dominate a comfortable-looking sunken meeting space, the conference room where “Google NYC” video-chats with other offices of the Internet giant. The room in Google’s Manhattan office at 111 Eighth Avenue is itself emblematic of changes in New York in Read More
Location: How’s the economy been treating you?
Mr. Pariser: The New York economy is very difficult right now. There’s a lot of pain out there. We’ve been blessed with great projects, we’re substantially leased in our portfolio, and in very good shape. So we’re doing very well, but, as an overall statement to the Read More
Coney Island merchant Dianna Carlin continues her quest to reopen her Lola Staar Dreamland Roller Rink in the abandoned Childs Restaurant building with the first of two fund-raisers tonight.
Ms. Carlin is trying to raise the necessary funds for an assembly permit to cover the whole 60,000-square-foot building — the cost of Read More
"It was a great night and it was definitely a huge success by all accounts," gushed Coney Island T-shirt maven Dianna Carlin following last Saturday night’s splashy grand opening party at her Lola Staar Dreamland Roller Rink in the abandoned landmark Childs Restaurant building on the boardwalk.
Sponsored by Glamour magazine Read More
Cushman & Wakefield’s Joseph Harbert complained on Tuesday that the financial district isn’t the home for big deals like it used to be. “What we don’t see—what we don’t see—are large deals happening downtown. In fact, there are only two deals about 100,000 square feet this year,” he said.
But don’t fear, Mr. Harbert. Read More
Now, fashionista friendly.
Remember Western Beef? Well, after they moved out of 401 West 14th Street, the building was given a makeover. Of course, with fashion retailers like Stella McCartney, Diane von Furstenberg, Carlos Miele, Puma and Scoop in the neighborhood you have to look your best.
Now, Taconic Investment Partners Read More