As the pandemic receded, mortgage rates shot up to the mid-6% to 7%-plus range, where they continue to linger. Today’s buyers also face inventory shortages, with active listings down 35.9% this April compared with typical 2017 to 2019 levels. ... Read full Story
Take your advice from real estate industry titan Barbara Corcoran, who says new buyers typically make this one mistake in their search that could spell regret. ... Read full Story
A total of 28 buildings, with residential and commercial components, has listed in Campo -- and with 95,000 total square feet, to boot. ... Read full Story
Nationwide, 151,000 apartments-to-be are in the process of being converted from commercial buildings, with Manhattan alone leading the charge, per RentCafe. ... Read full Story
Curtain wall installation has reached the final floors of 16 Dupont Street, a 40-story residential tower in Greenpoint, Brooklyn's 22-acre Greenpoint Landing master plan. Designed by GKV Architects and developed by Rockefeller Group and Park Tower Group, the 400-foot-tall structure will span 365,651 square feet and yield 381 rental units, with 115 reserved for affordable housing, as well as 2,548 square feet of ground-floor retail space and 138 enclosed parking spaces. The property is located at the intersection of Dupont, West, and Commercial Streets. ... Read full Story
By New York YIMBY | Max Gillespie | 5/15/2024 7:30 AM
Construction has broken ground on phase two of the Marcus Garvey Affordable and Supportive Housing project in Brownsville, Brooklyn. The $204 million project is being executed in collaboration between Services for the UnderServed, the Osborne Association, and L+M Development Partners and will introduce 287 units across three buildings, with 143 units designated for supportive housing. ... Read full Story
The affordable housing lottery has launched for Williamsburg Apex, a pair of eight-story mixed-use buildings at 28 Boerum Street and 255 Lorimer Street in South Williamsburg, Brooklyn. Developed by Loketch Group, Joyland Group, and Meral Property Group, the structures yield 336 residences. Available on NYC Housing Connect are 101 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $106,458 to $218,010. ... Read full Story
Permits have been filed for a four-story residential building at 909 East 178th Street in West Farms, The Bronx. Located between Honeywell Avenue and Daly Avenue, the lot is near the West Farms Square-East Tremont Avenue subway station, serviced by the 2 and 5 trains. Marin Hila of SHK Estate LLC is listed as the owner behind the applications. ... Read full Story
The former mayor is once more trying to sell his residence at 45 E. 66th St. -- and it comes during some drama at WABC where he hosts a radio program. ... Read full Story
In the north Florida resort city of Jacksonville Beach, an antagonistically thin home with quite the backstory has listed for sale. ... Read full Story
The largest penthouse at The Cortland has just come to market in West Chelsea. Located at 555 West 22nd Street overlooking Hudson River Park, the 25-story condominium building comprises 144 residences and nearly 20,000 square feet of residential amenities and services. Developed by Related Companies, in partnership with Mitsui Fudosan America, The Cortland is designed by Robert A.M. Stern Architects with interiors by Olson Kundig. Related Sales LLC and CORE Group are the exclusive co-sales and marketing agents for the project.
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Exterior work is finishing up on 218 Front Street, a seven-story, two-building residential complex in Vinegar Hill, Brooklyn. Designed by S. Wieder Architect and developed and built by Chess Builders, the project will yield 218 rental apartments with 66 affordable housing units, as well as 350 square feet of commercial space and 180 square feet of community space on the ground floor. The property is bound by Front Street to the north and York Street to the south, and was formerly occupied by a one-story industrial warehouse and an open-air lumber yard. ... Read full Story
By New York YIMBY | Michael Young | 5/14/2024 7:00 AM
Foundations are progressing at 126 Hester Street, the site of a seven-story mixed-use building in Chinatown, Manhattan. Designed by Issac & Stern Architects and developed by Ruoxu You under the Fortune Assets LLC, the 70-foot-tall structure will span 14,427 square feet and yield eight condominium units with an average scope of 1,037 square feet, as well as 5,839 square feet of commercial space, 284 square feet of community facility space, and a cellar level. The property is located on an interior lot between Chrystie Street and Bowery. ... Read full Story
By New York YIMBY | Max Gillespie | 5/14/2024 6:30 AM
Kushner has broken ground on Monmouth Square, a mixed-use redevelopment project in Eatontown, New Jersey. Designed in collaboration between Minno + Wasko, retail architects Benoy and the Dietz Partnership, and interior designers Stonehill Taylor, the $500 million project will transform the existing Monmouth Mall into a modern, open-air town center. ... Read full Story
The redevelopment of the Ambassador Hotel in Palm Beach into luxury condos has longtime locals fighting to preserve the area's existing character. ... Read full Story
Williams' Financial District condo, replete with luxe trappings, traded hands for a loss only several years after the television personality purchased it. ... Read full Story
This Glick Court residence in Washington, DC had originally aimed to be 15 feet in width -- but a change in zoning laws altered that fate. ... Read full Story
“In 2023, Royal Caribbean's bookings hit an all-time high ahead of the launch of its newest ship, the Icon of the Seas. Interest has yet to wane: The three strongest booking weeks in the company’s history were at the start of 2024 and ‘wave season,’ when cruise lines typically roll out flashy discounts to incentivize reservations.” — Brittany Chang, Business Insider, 20 Mar. 2024
Did you know?
In her book Braiding Sweetgrass, scientist Robin Wall Kimmerer, an enrolled member of the Citizen Potawatomi Nation, recounts some of the stories of her people surrounding Windigos, fearsome, shrieking monsters that prey on human flesh: “The Windigo is most powerful in the Hungry Times. With the warm breezes his power wanes.” Wane is a verb used when something—such as strength, power, or influence—decreases or diminishes, usually with the implication that the lessening is gradual, natural, or—as in the case of the Windigo—seasonal. Daylight wanes, as does summer. In a classroom, one’s attention may be said to wane if, minute by minute, one becomes more interested in watching birds through the window than following the points of the professor’s lecture. For centuries, wane has also been called upon to describe the seeming decrease in the size of the moon in the later phases of the lunar cycle. The traditional opposite of wane is wax, a once common but now rare synonym of grow. Wane and wax have been partnered in references to the moon since the Middle Ages.