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Friday: Hard Times, Good Times, and a Tree House

NYU researchers find that the affordable housing available for New York’s moderate-income households has taken a nose-dive. The Times refuses

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  • NYU researchers find that the affordable housing available for New York’s moderate-income households has taken a nose-dive. The Times refuses to decide “whether the rising housing costs are seen as a sign of the city’s economic vitality or a harbinger of trouble.” We only wish to return to that happy $1,000 era. (The New York Times)
  • No, seriously, everything’s fine: the city’s May economic performance was “stellar,” beating up on the unemployment rate until it sunk to an 18-year low. 6,100 new jobs were born, and the number of employed city residents grew by 29,000–which means 7% of the country’s job growth happened right here in the Apple (AAPL). (If only the workers had a place to live.) (Crain’s)
  • The old Municipal Art Society calls for big changes to the Atlantic Yards plan. Convincingly, they point out that Forest City Ratner’s 8.7 million square feet of proposed development is the size of three Empire State Buildings (or 2200 brownstones). We attended the very long, very hot basement press conference, and would like to ask the MAS that they please vocalize their obvious answer to their own question (i.e. Can the development “work for Brooklyn?”) a little earlier next time. (The New York Times)
  • Despite his upstate alibi, the homeless man arrested last week in connection to Brooklyn’s 10-alarm fire is indicted. (AP, via New York Daily News)
  • REBNY gives an award to the cubic Apple store under the GM building, calling it the city’s most creative retail deal. Thankfully the East 14th Trader Joe’s gets a prize for benefiting Manhattan (and its unquenchable appetite for expensively flavored seltzers), while the new Cobble Hill/Park Slope Whole Foods is dubbed the most creative real estate deal in the outer boroughs. (New York Post)
  • The Daily News gives some serious coverage to a tree house–a Williamsberg tree house going for $150 per month. Brooklyn has died and gone to Hell. (New York Daily News)

    • – Max Abelson

    Friday: Hard Times, Good Times, and a Tree House
    Filed Under: Home, Real Estate, Brooklyn, Apple, Daily News, New York Times