The DOT has relented on the unpopular City Island Bridge design, Crain’s reports, agreeing to give the Bronx Island something quaint, low-profile and cheaper than the high-concept design Janette Sadik-Khan had championed. Crain’s succinctly sums up the conflict over the former bridge design, which critics called “wildly out of scale with the physical—and metaphysical—environment of the one-and-a-half mile island.”
The biggest residential property sale in U.S. history just happened sans broker. The 18-acre estate in East Hampton traded for $147 million, making it the most expensive residential property sale in the country., Curbed reports. Local brokers are, of course, fuming.
Something else that’s selling suspiciously well? The Toll Brothers’ condo development in Brooklyn Bridge Park, which has sold swiftly and at record highs: an average of $1,800 per square foot. Now park advocates and politicians are wondering if they undervalued the land, The Wall Street Journal reports.
At least the Rent Guidelines Board is, for the first time ever, considering a rent freeze, according to The New York Times. At its preliminary meeting, the board voted to consider one-year increases in the 0 to 3 percent range. Some tenant members even called for a 6 percent rent reduction. Which is, of course, not going to happen.
In case you ever wondered how to lock your bike, Atlantic Cities has a few pointers: don’t lock to scaffolding, lock down anything detachable and use a good, high-quality lock. Which, given that at least 60,000 bikes are stolen in the city every year, must be harder than it sounds.
Salmon forever! Former Coach honcho Reed Krakoff has purchased the Obsever‘s once and former home on the Upper East Side, according to the New York Post, paying $28 million for the privilege. That’s a lot of ink! But Mr. Krakoff has money to spare after selling off his other UES townhouse for $51 million and in fact, he just recently paid $14 million to buy late heiress Huguette Clark’s Connecticut mansion.
Who didn’t see this coming: anti-carriage horse groups are now feuding with one another, according to Crain’s. Like so many opposition movements left to themselves, filled as they are with passionate activists and inflexible iconoclasts, the cause could potentially go down in a flurry of in-fighting.
And SUNY has ended negotiations with Brooklyn Health Partners, the winning LICH bidder, DNAinfo reports—a development that surprised almost no one after it became clear that BHP could most likely not execute a viable full-service hospital and residential development.