Spitzer Aide as Transit Savior: Arise Again, Moynihan Station!

On Election Day last November, Vishaan Chakrabarti, the name and face of the private developers that are planning to overhaul Pennsylvania Station and the area around it, called up Patrick Foye, an aide to Governor-to-be Eliot Spitzer, and asked him to have a meeting. The conversation went something like this:

Mr. Foye: “How about tomorrow Read More

Battle of Red Hook Pivots On Cargo and Cruise Ships

Just a couple of years ago, the container port in Red Hook, Brooklyn, looked doomed.

It was doing less than 1 percent of the Port Authority’s business. Deputy Mayor Dan Doctoroff wanted to replace its orange cranes with cruise ships. And real-estate developers were gnawing at the edges, trying to convert onetime warehouses into market-rate Read More

Earplugs, Anyone? Selling In Atlantic Yards’ Shadow

Before the jackhammers, the bulldozers, the hoe rams and the cranes brought the borough’s largest real-estate venture to his Brooklyn neighborhood, Jacob Septimus wanted out. And so, last August, he put on the market for $1.5 million the 2,000-square-foot three-bedroom that he and his wife had bought just five years earlier.

They dropped the Read More

Get Your Bids In! Developers Crave Subsidies for Javits Hotel

Some of the biggest real-estate names, locally and nationally, are drawing up plans for a 70-story hotel across the street from the Javits Center in the West Side’s emerging Hudson Yards district, contemplating such revenue enhancers as luxury condos and retail boutiques to make the building work for them.

They’re also trying to figure out Read More

Haven No Longer: Say Goodbye Fast to the Far East Side

Ever since Peter Falk lit the opening cigarette in the 1971 Broadway version of The Prisoner of Second Avenue, the eastern reaches of the Upper East Side have been known as a haven—or hell—for modest renters. The real-estate boom has changed all of that, prompting condo conversions as far east as First Avenue and turning Read More

Haven No Longer: Say Goodbye Fast to the Far East Side

Ever since Peter Falk lit the opening cigarette in the 1971 Broadway version of The Prisoner of Second Avenue, the eastern reaches of the Upper East Side have been known as a haven—or hell—for modest renters. The real-estate boom has changed all of that, prompting condo conversions as far east as First Avenue and turning Read More