After receiving several unsolicited offers on the residential, it became apparent that this was a unique opportunity we could not ignore. JMB spokeswoman Marie Garvey explained the decision to sell the property, indicating strong market demand for luxury residential development in the area.
Spanning nearly two million square feet across 55 floors, the new American Express building will have capacity to host up to 10,000 colleagues across flexible and modern workspaces designed to inspire collaboration and creativity. It will feature more than an acre of outdoor space with several greenery-filled terraces and gardens and sweeping views of the Manhattan skyline.
The completion of the final commercial tower at the World Trade Center is more than an investment - it's a testament to the power of union labor and the dignity of work. The plan is expected to create more than 2,000 union construction jobs and 3,200 total jobs citywide over the life of the project, with officials estimating the development will generate about $5.9 billion for New York City's economy and $6.3 billion statewide.
The hotel is on a prime cut of the Midtown East business district near Grand Central that the Bloomberg and de Blasio administrations upzoned in the 2010s. That change was meant to spur projects like this one, replacing older mid-rise buildings with newer taller ones, and we're seeing the results now.
The firm's jump across the river is in partnership with Compass agent Carl Gambino on a portfolio of five properties that will launch in the next two years. For Eckstrom, the expansion comes after an ascendant two years developing homes in Brooklyn's toniest neighborhoods. The company, which began by doing condo conversions in more affordable parts of Brooklyn, found a niche turning multifamily properties in Brooklyn Heights and Cobble Hill into high-end townhomes.
For years, Thee Parkside has served a cross section of San Francisco's subcultures, hosting punk shows, motorcycle meetups and karaoke nights. It's one of a handful of the city's small, independent venues, and cherished by the local music scene. On a typical night, a mix of young and older patrons gather in the bar's patio area, downing beers and chatting over bar food.
MILL BASIN - A BROOKLYN CHURCH has gone against a citywide trend of houses of worship selling off real estate, purchasing a large Mill Basin development site for $20.6 million, according to city records and Crain's New York. Salvation Church of God, located at 5601 Avenue N in Flatlands, bought two adjacent lots at 6065 and 6075 Strickland Ave., totaling roughly 116,000 square feet. The deed, recorded Monday, lists Pastor Malory Laurent as the signatory for the buyer.
Awaterfront pool, a private spa with saunas, a 9-hole golf course, a 24-hour butler: there are plenty of luxurious amenities that the ultra-exclusive Residences at Six Fisher Island is offering to their tenants, who will pay $15 million and above for units in a building set to open in 2026 in the richest ZIP code in the country. But there's one amenity developers are betting will be their secret weapon in luring prospective buyers: a residents-only restaurant.
In Korea, single occupant households have been increasing due to factors such as dropping marriage rates, rising real estate prices and apartment deposit frauds, combined with a more economically independent generation and the demand for more comfortable living situations among younger generations. So, in this meeting I was asked "1인 가구 현상에 대해 어떻게 생각하세요? (what do you think about the social phenomenon of single households".
SF-based developer Align Real Estate does, in fact, have a larger strategy to redevelop Safeway properties in the city and turn them into multi-story residential complexes with retail on the ground floor, including replacement Safeway stores. With Tuesday's announcement that Align, the same developer behind the project to redevelop the Fillmore Safeway property, was working to potentially redevelop the Ocean Beach Safeway in similar fashion, we surmised there could be a larger strategy at play.
When you meet Jacobo Husny Hanono, the first thing you notice is his energy. Born in Mexico City, Jacobo has spent his life testing limits, whether on the racecourse or in business. "I ran many international marathons, and I also did Ironman competitions," he recalls. "Those experiences taught me that consistency is everything." For Jacobo, discipline in sports shaped discipline in business. The same patience it takes to finish a triathlon fuels his work in real estate development and trading. "You learn to respect the process," he says. "The finish line only comes after thousands of small steps."
Green Street picked up the Williamsburg properties for $15.5 million late last year from the Franquinha family, against the apparent objections ofCrest's owner, Joseph Franquinha. Over the decades, the hardware store that was first started by Joseph's father and uncle had evolved with the neighborhood, from a place where handymen and artists living in converted lofts could get paint or new pipes to a destination for luxury-condo buyers looking for ZZ plants.
Tribeca Park Cafe, the corner deli at Walker and West Broadway, closed on Friday, August 29, after 45 years. The closure follows the $18 million sale of the property in January. The one-story building is slated for demolition to make way for a 10-story condo project from Sumaida + Khurana, the development firm behind 157 Hudson, the landmark brick building on Collister, and a new building at 152 Elizabeth designed by Japanese architect Tadao Ando, according to Tribeca Citizen.
In 1976, the year the United States celebrated its bicentennial, Donald J. Trump, thirty, leonine, and three-piece-suited, was chauffeured around Manhattan by an armed laid-off city cop in a silver Cadillac with "DJT" plates, while talking on his hot-shot car phone and making deals. "He could sell sand to the Arabs and refrigerators to the Eskimos," an architect told the Times. That architect was drawing up plans for a convention center that Trump hoped to build in midtown.
