Posted by Leonard Steinberg on August 2nd, 2013 Have you noticed how many buildings that sell very high priced apartments in Manhattan are neighbors to the projects and low income housing, yet co-exist quite perfectly? This phenomenon was highlighted a few years ago when many building in Chelsea started to get built on those blocks… [Read More]
THE CALEDONIA SETS ANOTHER PRICING RECORD
Posted on June 13th, 2012 Matt Amico reports that another apartment has sold for a record price at The Caledonia, located at 450 West 17th Street, the full service, Taconic/Related-developed building in West Chelsea abutting the Highline Park. Closed for $ 5,35 million (that’s over $ 2,400/sf) this sale proves yet again how the high-floor mega-view… [Read More]
NEW YORK CITY: THE NEXT GLOBAL TECH POWERHOUSE
Posted by Leonard Steinberg on May 28th, 2012 New York is especially well positioned in the NEW TECH ECONOMY: The recent expansion of New York’s Internet industry has forced some entrepreneurs — who recently automatically flocked to California’s Silicon Valley – to focus on New York. New York is now enough of an attractive alternative that a… [Read More]
WEST CHELSEA’S FUTURE AS AN ARTS CENTER?
Posted by Leonard Steinberg on July 15, 2011 The question arose this week (and many times before) about the future of West Chelsea as an Arts Center: will West Chelsea go the way of Soho? Will Gagosian become the Gap? Will Prada replace Paula Cooper? Chanel replace Cheim & Reid? “The biggest difference between Soho’s… [Read More]
LUX-CRITIQUE: The proposed addition to Chelsea Market
Posted by Leonard Steinberg on March 26, 2011 This is our first critique of a building…..Last week Jamestown Properties made a presentation to Community Board 4 showcasing the proposed addition to the rooftop of Chelsea Market which involved an additional 90,000sf for a boutique hotel and about 250,000sf for office space. While I think it is… [Read More]
THE MOST EXPENSIVE DOOR IN THE WORLD?
Yes, this door, a simple door located in THE CALEDONIA fronting onto The High Line Park, could very well be the most expensive door in the world….. Reliable sources have told us that negotiations between the building and the Parks department have broken down after the building was asked to pay an annual fee of… [Read More]
MAJOR MANHATTAN SKYLINE CHANGES COMING?
It is now certain that within the next 10 years, the Manhattan skyline will look very different. Plans for a spate of significant high rise buildings appear to be moving forward now as the economy slowly un-locks. Developers are readying two residential towers that will rise above most of Midtown. The massive mixed-use development planned… [Read More]