On the Market: Albany Tops NYC in ‘Best City’ Index; London’s Super Prime Slump

The winter continues.

The winter continues. Jeff Dunn/flickr.

Albany is a better place to live than New York City, at least according to the U.S. News & World Report “best places to live” index, Gothamist writes. New York may be desirable, but it’s bad value and hard to live within one’s means, the report found, and therefore worse than Cleveland or Allentown, PA or Albany.

One man who found that difficult, a former chemist turned bookstore clerk turned unemployed, lived out of his Ford Explorer for a year, engendering the ire and finally the help of the neighbors on the Park Slope block where he’d gone homeless, according to The New York Times.

Meanwhile, restaurant growth has slowed, especially when it comes to steakhouses and bakeries, as New Yorkers spend more on quick-serve food and coffee, Crain’s reports.

Soon, we’ll all be able to ogle Zaha Hadid’s High Line condo tower from without, but in the meantime, Gothamist has some renderings of what it will look like to live in a condo with a private IMAX theater (which, they note, may seem real, but is just commentary on conspicuous consumption).

Speaking of ogling, as of today we can all check out the World Trade Center Transportation Hub, which Michael Kimmelman, in a searing New York Times review, points out is not really a hub, but the 18th-busiest subway station wrapped in a shopping mall a block from another shopping mall. “A maze of underground passages connects the site to far-flung subway lines, but there are not free transfers. The place is a glorified PATH station for some 50,000 weekday riders commuting to and from New Jersey.” Still, he admits, it’s a pretty boondoggle, if not a particularly functional one.

Sports Authority is filing for bankruptcy and plans to close about 140 stores and two distribution centers, Crain’s reports. It’s unclear where those stores will be located, but some will remain open as the store attempts to lessen its retail presence in response to the rise of online shopping.

Across the pond: in London, sales of “super homes”—20,000 to 40,000 square foot behemoths that were all the rage a year of two ago, have slumped, according to The Wall Street Journal. “Despite seven-figure price cuts, many trophy homes in the $14 million to $350 million range are languishing on the market.”

On the Market: Albany Tops NYC in ‘Best City’ Index; London’s Super Prime Slump