Posted by Leonard Steinberg on April 4th, 2012 I have checked into the DREAM HOTEL Downtown while my apartment is being renovated: It certainly has brought up several thoughts about hotel rooms and hotel life…..living in a hotel in your own City is very different than being in a hotel on vacation. I have always… [Read More]
IS FIRST CLASS THE NEW MIDDLE CLASS?
Posted by Leonard Steinberg on February 12th, 2012 I just read an article in the New York Times that confirms domestic First Class on airlines is just a slightly bigger, wider version of the horrific Coach class airlines offer to fliers, regardless that they are spending triple or more for their seat. In fact, the perks for… [Read More]
THE NEW YORK "BRIC BUYER": IS BRIC THE NEW EURO?
Posted by Leonard Steinberg on January 12th, 2012 To-day revealed that a single Chinese buyer has gone to contract on FOUR apartments at One 57, the Extell developed tower rising on 57th Street between 6th and 7th Avenues with average pricing starting in the $ 5,000/sf range. Another Russian buyer was also identified. These BRIC… [Read More]
MISSION POSSIBLE: IS 57th STREET THE NEW PARK AVENUE?
Posted by Leonard Steinberg on December 8th, 2011 Is 57th Street becoming the new PARK AVENUE? With ONE 57, the EXTELL developed tower located between 6th and 7th avenues on 57th street commanding prices upwards of $ 5,000/sf comes confirmation that Macklowe’s site (now CIM)of the former Drake Hotel on Park Avenue and 57th Street… [Read More]
ONE 57: THE LATEST ADDITION TO THE UBER-LUXURY MANHATTAN MARKET
Posted by Leonard Steinberg on November 19th, 2011 The other night I was invited to the launch of EXTELL’s newest addition to the New York skyline, One 57, the Christian de Portzamparc-designed 90 story, 1,000ft tall Tower located at 157 West 57th Street between 7th and 8th Avenues. Towering above the Time Warner Center, Trump’s One Central… [Read More]
THE NEXT BIG BUILDING AMENITY: ULTRA-SECURITY?
Posted by Leonard Steinberg on September 28th, 2011 With the development of new high end residential buildings such as Extel’s One 57, 150 Charles Street, the Rudin’s St. Vincent’s buildings, One Madison Park, 212 West 18th Street, etc roaring back to life in Manhattan, the question always arises at the marketing meetings: what is the… [Read More]
SUPER CITIES – THE ‘VIRTUAL CONTINENT"
Posted by Leonard Steinberg on June 4th, 2011 A dislocation between a few “super cities” is emerging, where international money moves markets, and national counterparts that are still closely linked to economic inertia. In to-day’s Financial Times it is reported that a separation has become marked over the past two years, with strong price growth in some major… [Read More]