Sounding a somber note, Mayor Bloomberg and the City Council announced a budget deal that provides new funding for schools, avoids tax hikes, and would increase overall spending only slightly.
A report done for Board 1 by the Manhattan borough president shows that the fastest growing area in Lower Manhattan is the Financial District, and by 2013 it is expected to have more than double the people it had in 2000.
Forest City Ratner executives threatened to halt construction of the new school on Beekman St. unless they receive a 20-year tax break from the city.
The New York City “Waterfalls” are the remnants of a primordial Eden, beautiful, uncanny signs of a natural nonurban past that the city never had.
With sinking home values continuing to drag down the economy, Congress is poised to approve a huge package of housing legislation, including a refinancing program aimed at rescuing hundreds of thousands of homeowners in danger of foreclosure and the most sweeping government overhaul of mortgage financing since the New Deal.
While many developers have been racing to get started on projects before changes in the 421-a tax abatement take effect, another group has thrown in the towel, tripped up by the deadline and the faltering economy. As a result, dozens of development sites with approved plans for condominiums are on the market all over the city.
As sales have slowed and inventory has grown, developers are clamoring to move new development condo units, many by adjusting prices. Price cuts are outpacing price increases, and prices appear to be falling on the whole in the two most active boroughs for development, Manhattan and Brooklyn, particularly in Harlem and much of Brooklyn.
Neighbors of Alf Naman's flashy HL23 condominium building will seek to block its construction unless a crane to be located near the front of their building can be operated safely, according to court documents filed this week.
Community Board 2 has voted in favor of New York University's plan to preserve the Provincetown Playhouse theater but demolish the building's surrounding structures. Originally, NYU planned to demolish the entire site, but agreed to preserve the theater's walls and facade in May after the plan drew protests. NYU restored the theater in 1998 after it was closed for several years.
The grandest of all the streets in Prospect Park South is Albemarle Road, a broad, esplanaded boulevard of stately neo-Classical, Queen Anne and Colonial style mansions. In fact, for the three blocks from Argyle to Buckingham Roads, Albemarle is one of the grandest residential streets in the whole city, even with some dings and dents.
Prosecutors are investigating whether the leading concrete testing company in the New York area, which has been hired to measure and analyze the strength of the concrete poured at some of the biggest construction projects in the city, failed to do some tests and falsified others. Concrete testing at Yankee Stadium and Freedom Tower is being scrutinized.
The board that regulates rents for New York City’s one million rent-stabilized apartments approved its highest rent increases in years, angering tenants who said high rents were forcing the poor and working class out of the city.
Last month, a $7 million-plus sale at Dumbo's One Main Street, beat out a unit at One Brooklyn Bridge Park for the most expensive condo ever sold in Brooklyn.
While many developers have been racing to get started on projects before changes in the 421-a tax abatement take effect, another group has thrown in the towel, tripped up by the June 30th deadline and the faltering economy. As a result, dozens of development sites with approved plans for condominiums are on the market all over the city.
Brooklyn politicians and civic groups proposed legislation today to create a trust that would impose more public control over the construction of Forest City Ratner's Atlantic Yards mega-project in Brooklyn.
Developers and the community are looking at proposed set of zoning changes which would extend the Special Clinton District north and west. It would declare much of the east side of the avenue a residential zone, and re-classify the industrial zone on the west side to allow for office space, while prohibiting new hotels.
The construction of architect Neil Denari's condo building on the High Line, HL23, is chronicled in an exhibit at the Museum of the City of New York.
How a New York-based architecture team turned the detritus of urban life into a design virtue.
Anyone who has marveled at the swooping, jagged, iridescent and crystalline curtain walls of the contemporary cityscape, might well have wondered about who ensures that every facet is precisely cut? Enter the facade consultancy, a new category of expert in which Front is the leader.
A. O. Scott's tone poem begins the latest incarnation of the NY Times Magazine's Architectural issue. It draws attention to the power of pure imagination and social forces, creating the cities of the future in both in our cinema, and perhaps in reality.
Over the past few years, as the dollar has weakened and both oil prices and the euro have risen, overseas investors have bought large swathes of commercial and residential real estate in the city.
An Italian property group said it is in advanced talks to take a majority stake in Manhattan's landmark Flatiron Building one of the first skyscrapers in America.