THE NEW DEVELOPMENT RETURNS TO NEW YORK: A GIANT AWAKENS

Posted by Leonard Steinberg on January 13, 2011 After a 2 year hiatus, ‘New Development’, the darling of Manhattan high end real estate is coming back with a vengeance! We hear new buildings such as the Extell’s Park Hyatt building, Harry Macklowe’s Park Avenue tower, 250 West Street, the Rudin’s St.VIncent building are all moving… [Read More]

OIL/INTERNET TYCOON-CARRIER? WATCH OUT INTREPID!

Posted by Leonard Steinberg on January 10, 2011 INSANE? The photo you above is just a mockup. But even with something just dreamed up in the mind of some crazed super yacht designer, you have to admit that it looks disturbingly appealing, in a Dubai-meets-Donald gawdy kind of way….. This creation is called “The Streets of… [Read More]

SUPERIOR INK HOUSTON ROCKETS PENTHOUSE SELLS FOR (KINDA)RECORD

The penthouse at the Superior Ink building in Greenwich Village, New York, owned by Houston Rockets owner, Leslie Alexander, has sold for a record $ 31,5million according to the Wall Street Journal. But is it a record for Downtown? Yes and no. The quadruplex combination penthouse at 200 Eleventh Avenue sold for around $ 33… [Read More]

E.T. is the new I.T.

Did you know that the waste produced from burning coal can be re-used to create portland cement? Did you know that a incandescent light fixture replaced with a LED light fixture saves about 80% of energy consumption. So while the world seeks some miraculous new source of energy, the rest of the world has discovered… [Read More]

REAL ESTATE BROKERAGE IS CHANGED FOREVER.

In this weekend’s New York Times, an interview with Frederick Peters, the head of Warburg Partnership, illustrates clearly how the world of real estate brokerage has changed forever. “I remember a time many years ago when I started doing e-mail blasts to the brokerage community, announcing new properties I was listing,” says Leonard Steinberg, managing… [Read More]

HIGH LINE PARK VIEWING SPUR RISES

If you are walking near West 26th Street and 10th Avenue, look up. You will notice a new addition to the High Line—the Viewing Spur is starting to take shape. Crews have hoisted the 22-by-11-foot painted steel frame into place, giving us a hint of what will soon be one of Section 2’s most dynamic… [Read More]

DOWNTOWN! Manhattan’s favored suburb. Convenience is the new luxury.

Is Downtown Manhattan the new New York SUBURB? With 200 Eleventh Avenue, you have a garage attached to your own apartment……many full-full service buildings are becoming similar to suburban ‘gated communities’ affording even more conveniences than their suburban counterparts….think 101 Warren Street with its own Whole Foods, Bed Bath and Beyond and Barnes and Noble IN… [Read More]

IS THIS THE BOTTOM?

Something very newsworthy is happening in the luxury Manhattan real estate market…….for the first time in many years we have experienced (while renting out an apartment in Tribeca) prospective, qualified renters withdrawing their applications after realizing that buying would cost almost the same as renting, and opting to buy. We have not heard this in… [Read More]

THE NEXT MANHATTAN? SUB ZERO LIVING: FROM AMENITY TO….?

Could this be the next Manhattan, a take on Manhattan’s quintessential status symbol the SUB ZERO? A piece of ice four times the size of Manhattan island has broken away from an ice shelf in Greenland, according to scientists in the U.S. The 260 square-kilometer (100 square miles) ice island separated from the Petermann Glacier in… [Read More]