Scaffolding and noise aside, construction work can have its perks, as
one Midtown steakhouse is demonstrating. The Maloney & Porcelli restaurant at 37 East 50th Street between
Madison and Park avenues is offering incentives to keep a nearby
construction crew working as quickly as possible. For the last several
months, the Metropolitan Transportation Authority has been working on
its East Side Access Project. The entire project is slated to be completed by
September 2016, with a November 2010 deadline in place for the crew to
finish their work outside Maloney & Porcelli. If the workers
complete
the job by then, the restaurant will treat them to a steak dinner,
according to an advertisement on BlackboardEats.com. In the meantime,
anyone can join their “Construction Club.” [more]
200 West 72nd Street and David Picket, president of the Gotham Organization
The Corner at 200 West, the Gotham Organization’s new 196-unit rental tower at 200 West 72nd Street and Broadway, is more than 50 percent leased just three months after the leasing office opened its doors, the developer announced today. The 20-story luxury property, where rents begin at $3,000 per month, is ready for immediate occupancy and is angling for Silver LEED certification. Amenities include around-the-clock doorman and concierge services, a fitness center, children’s playroom and a 10,000-square-foot roof terrace with a misting wall, bar, sun deck and movie screen. Trader Joe’s is slated to open in the building later this year. TRD
From the June issue: The five-story structure at 133-137 East 73rd Street, which for the past few decades was known as a “hotel for doctors,” is up for sale, and the sellers are hoping that a new owner will bring the property back to its residential roots. At 24,207 square feet, the converted building would already be the borough’s largest single-family home by a wide margin (the 21,700-square-foot Harkness Mansion at 4 East 75th Street currently holds that title), even before the 2,700-square-foot duplex the seller plans to add above it. This month, The Real Deal took a peek at Manhattan’s biggest mega-mansions, though as it turns out, they’re difficult to pin down. Like the 133-137 East 73rd Street, many of the palaces that the city’s wealthiest called home through the Great Depression have since been converted to rental apartments, condos and offices; often, said property appraisal guru Jonathan Miller, they’re worth more that way. After the Harkness Mansion, the largest single-family homes in Manhattan — as per their current taxable usage — all fall under the 20,000-square-foot mark, according to data compiled by PropertyShark.com for The Real Deal. The top 10 were all built between 1899 and 1915, and they are all located on the Upper East Side. Check them out in the slide show above (photos provided by PropertyShark.com). [more]
1. NYU reveals plans for 38-story Greenwich Village tower [NY1]
2. Flatiron’s Zac Posen-designed penthouse at 16 West 21st listed for $6.3 million [Curbed]
3. Chevy Chase’s old Hamptons estate listed for $33 million [NYO]
4. City forcing Stuy Town tenants to install new walls [DNAinfo]
5. Great Ink’s Roxanne Donovan dishes on her Union Square condo [NYO]
6. 5 Napkin Burger opens in Astoria [Why Leave Astoria]
7. Proposed bill seeks to limit drinking on rooftop and backyard bars
[WSJ]
8. How Obama’s cost-cutting plans will affect the real estate market
[CoStar]
9. Port Authority to demolish pubs in path of Penn Station expansion on
33rd Street [DNAinfo]
The New York State Assembly has voted to extend New York’s rent stabilization and rent control laws in their current form through June 15, 2018, Assembly Speaker Sheldon Silver and Housing Committee Chair Vito Lopez announced today. The bill, said Lopez, is “a step towards creating certainty for the thousands of tenants of rent-stabilized apartments.” Rent regulations are intended to address vacancy rates of lower than 5 percent, below which point housing is legally considered to be in a state of emergency. [more]