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More than a decade after New York came close to enacting the country’s first-ever congestion pricing program, it’s finally becoming a reality.
A tolling structure for Manhattan’s central business district (CBD)—roughly defined as the area below 60th Street in the borough—passed as part of the FY2020 budget, as both a means for reducing the traffic that clogs city streets, and introducing a new stream of revenue for the perpetually cash-strapped MTA.
— Curbed NY
"New York’s congestion pricing move may also lead other cities to implement their own traffic surcharges—Boston, Los Angeles, and Seattle are among the municipalities that have been considering it," writes Curbed. View full entry
The high-end condo building at 520 W. 28th St. along the High Line that the company completed roughly two years ago appears so far to be a rare bust.
According to property records, only 16 of the building's 39 units have sold, a roughly 40% sell through that shrinks to an even smaller percentage when measured by square footage. That's because the building's largest and most expensive apartments, including its three penthouse units, all remain unsold.
— Crain's New York Business
How 'bout this one? Nothing? Photo: Hufton+Crow. View full entry
New York Mayor Bill de Blasio proposed a $10 billion plan to push out the lower Manhattan coastline as much as 500 feet, or two city blocks, to protect from flooding that’s expected to become more frequent as global temperatures rise. [...]
Portions of the extended land would be at 20 feet above sea level. The city can’t build flood protection on the existing land because it’s too crowded with utilities, sewers and subway lines, he said.
— Bloomberg
New York Mayor Bill de Blasio has unveiled the city's comprehensive plan to increase resilience in Lower Manhattan, a low-lying, highly critical area that has proven to be vulnerable to storm surges and flooding. The newly published Lower Manhattan Climate Resilience Study recommends extending the... View full entry
The wait is over. New York's Hudson Yards, which took nearly 20 years of planning and development, finally opens today. In 2001, the project's name and role in a potential 2012 Olympic bid were brought to the public eye. Between May 2004 to December 2010, Hudson Yards experienced a series of... View full entry
Above the Financial District, 125 Greenwich Street rises as a slender 88-story residential skyscraper. Designed by Rafael Vinoly and developed by Bizzi & Partners and Vector Group, the 912-foot tall glass and concrete structure has topped out. The 273 residential units are being marketed by Douglas Elliman, while the interiors are being designed by March & White. — New York YIMBY
Certainly no stranger to building tall structures in the borough, 125 Greenwich Street (also know as 22 Thames Street) is the first skyscraper in Lower Manhattan designed by Rafael Viñoly Architects. View this post on Instagram Today marks the official topping-out of @125greenwichstreet’s... View full entry
Known for his interdisciplinary, experimental works, New York-based artist, designer, and activist Sebastian Errazuriz created a 20-foot public artwork called “blu Marble” that will show a livestream of planet Earth from outer space. The installation will be on display at 159 Ludlow Street in... View full entry
Aby Rosen’s RFR Holding is purchasing the Chrysler Building, one of the world’s most recognizable skyscrapers [...]
One source with knowledge of the talks said that sale price was higher “but not much higher” than the bids in the $100 million-range [...]
The price is several notches lower than the $800 million the Abu Dhabi fund paid Tishman Speyer for a 90-percent stake in the tower in 2008.
— The Real Deal
When the Chrysler Building, arguably one of New York City's most beloved architectural landmarks, came up for sale again earlier this year, speculations emerged what the value of such an iconic, yet aging, real estate trophy would be. The WSJ now confirmed that the 1930s Art Deco skyscraper... View full entry
A growing number of building facade inspectors, increasingly women, are rappelling into New York City’s glass and terra-cotta canyons. — The New York Times
Stefanos Chen introduces us to New York City's growing community of "industrial rope access" facade inspectors. "The city requires that of the approximately 1 million buildings in New York City, those taller than six stories — more than 14,500 structures — have their facades inspected every... View full entry
New York State Governor Andrew Cuomo has announced plans for a $30 million "Buildings of Excellence" Competition, to promote the design, construction and operation of low-carbon buildings across the state. The competition, announced yesterday morning, is part of the Governor's goal to reduce New... View full entry
Two new OMA-designed residential towers at Greenpoint Landing, Brooklyn were unveiled this morning by Brookfield Properties and Park Tower Group, the developers behind the endeavor. The towers, in conjunction with a lower seven-story building, will offer 745 housing units and are expected to... View full entry
New details and renderings have been released for 35 Hudson Yards, set to be the tallest residential tower in the Hudson Yards neighborhood at over 1,000 feet. The boutique apartments come with a wide array of in-house lifestyle services, some provided by the Equinox Hotel, which is part of the development. David Childs and Skidmore Owings & Merrill are the architects, while interior design is being led by Tony Ingrao. — New York YIMBY
To make 35 Hudson Yards your new home address, be prepared to open the checkbook extra wide — two-bedroom condos start at $5 million, while the average unit of the overall 134 apartments will set you back $11 million ($4,100 per square foot). The three penthouses have yet to be priced, reports... View full entry
Now in its eighth year, the Women in Architecture Awards shined the spotlight on the inspiring women who have continuously pushed the boundaries of the profession through innovative and progressive design. Today during the Women in Architecture Awards in New York, Shiela O'Donnell and Xu Tiantian... View full entry
On March 15, after 12 years of planning and six of construction, the Related Companies will open the gates to its new $25 billion enclave [...] Besides being big, Hudson Yards represents something fundamentally new to New York. It’s a one-shot, supersized virtual city-state, plugged into a global metropolis but crafted to the specifications of a single boss: Related’s chairman, Stephen Ross — NY Magazine
New York's new Hudson Yards is a preview of what major cities may look like in the next few years. Upon first glance, the new complex oozes a distinct look. Some might call it progressive luxury design, others may think otherwise. However, the 12 year project has several people looking to stake a... View full entry
The art market is rapidly changing, and even the big players aren't immune to the need for adjustment: auction power house Sotheby's today revealed a few conceptual glimpses into a dramatic reorganization and expansion of its NYC headquarters at 1334 York Avenue. The redesign, led by OMA Partner... View full entry
A state lawmaker is gunning for more aggressive restrictions on the vast mechanical voids developers often abuse to boost their buildings’ heights as a “more robust” solution to the de Blasio administration’s recent zoning amendment. [...]
Current zoning exempts mechanical voids from a building’s floor-area ratio (FAR)—a given property’s square footage—and puts no height limits on those spaces.
— Curbed NY
"Luxury developers often exploit this loophole in residential towers to hike up the price for apartments on higher floors," explains Curbed NY one reasoning behind the newly introduced bill by New York State Assembly member Linda Rosenthal. View full entry
