Tag: Real Estate
Soho is too expensive for even the MoMA. Crain’s reports that the rent for the Museum of Modern Art Design Store’s 14,500-square-foot space at Spring and Crosby Streets is going up to $2.5 million a year after its current lease expires in 2016. The museum’s store, which was built in 2001, has seen its rent […]
Earlier this week, the Wall Street Journal reported (and ANIMAL and others repeated), that the new tenants of 190 Bowery are cool with the graffiti on the exterior of the building and want it to stay. But unfortunately, that may not matter — Matthew Moneypenny, the CEO of the unnamed creative conglomeration that plans on […]
Equinox, the $225-a-month luxury gym chain, is getting into the hospitality business, the Wall Street Journal reports. Equinox will be opening its first health-and-fitness-oriented hotel in Hudson Yards in 2018, with a Los Angeles location set to open in 2019. They hope to eventually build 75 worldwide. Equinox’s parent company is Related Holdings, a real […]
The new occupants of the historic graffiti-covered mansion at 190 Bowery will “keep all of the building’s historic touches from its marble wash basins to the graffiti covering the lower part of the facade,” the Wall Street Journal reports. A recently-formed, as-of-yet-unnamed consortium of agencies representing creative professionals has leased 30,000 square feet of office […]
A group of small business owners in Willets Point, the rugged shanty town of auto body shops across the street from Citi Field slated to to be leveled and redeveloped into a luxury mall and condos, settled their lawsuit against the developers and the city on March 19, removing one of the last impediments delaying […]
It’s not easy to get inside 190 Bowery, one of NYC’s most cryptic residences. Although it’s prominently located on the corner of Spring and Bowery, everything about the six-story building says, “Go Away.” Heavy iron gates safeguard the thick wooden doors; the first floor windows are opaque; and the stone facade is covered with layers […]
For the first time, a rent stabilized tenant lost their coveted rent-stabilized status for renting out their apartment on Airbnb and turning a profit. A housing judge ruled that Henry Ikezi violated the lease on his luxury apartment on West 42nd Street by renting it out for $649 a night and must vacate it by […]
Residents of the South Street Seaport area can agree that the local historic district needs an infusion of cash and resources to help revitalize the area, but until they agree on the best approach, plans are seemingly stalled. The current issue, according to the New York Times, hangs on a high-rise building. From the Times: […]
The mansion at Bowery and Spring, which has been covered in graffiti tags since the 1980s, has sold for a whopping $55 million. Rumors of the sale have been swirling since September, but until Thursday, the price was undisclosed. The New York Daily News first reported the price that photographer Jay Maisel received for 190 […]
Although rents and square footage prices in Manhattan increase seemingly everyday, forward-thinking developers are saying the future of growth in NYC lies in the outer boroughs. Brooklyn has the real estate industry seeing the largest dollar signs, with Queens not far behind, followed by the Bronx. As usual, no one seems to care about Staten Island. A […]
