BRACE YOURSELF: IS LUXE-HYPER-INFLATION AROUND THE CORNER?

Posted by Leonard Steinberg on December 19, 2010 Downtown New York residential real estate inventories are now approaching the levels of 2005…..does this equate to the beginnings of a shortage? With new construction having ground to a virtual halt over the past 2 years, we should not expect any brand new DELIVERABLE quality ultra-luxury apartments for… [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]

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]

WE SAY TO BALDUCCI’S: GO WEST!

In CRAIN’s it is reported that Balducci’s is seeking to return to Manhattan, searching for a 10,000sf flagship store as well as some smaller outposts. We say:  HEAD WEST! The area in far West Chelsea around the Highline Park desperately needs a Balducci’s. “We think the perfect location would be at the corner of 23rd… [Read More]

200 ELEVENTH AVENUE EXPOSED

The scaffolding and netting are finally coming down on West Chelsea’s most eagerly anticipated building, the Annabelle Selldorf designed 200 Eleventh Avenue. Developed by Urban Muse and Young Woo & Associates, this is the first residential building to be completed facing Chelsea Cove, the new 9 acre park just north of Chelsea Piers. The building… [Read More]

The Meat Packing District Spreads…..

Is 14th Street becoming chic? If the rumors about the imminent opening of a highly exclusive SOHO HOUSE-style private club are true, it would appear so. The club, THE NORWOOD, will be located in a sensational mid-19th Century Greek revival townhouse and membership will be strictly by invitation only….The club could be an important bridge… [Read More]