Earlier this year, the New York Governor’s Office announced plans to construct 10 towers comprised mostly of office buildings around Penn Station to help pay for renovation of the station. According to a spokesperson at the governor’s office, the station’s renovations are expected to cost between $6 and $7 billion and will take place between four and five years after ...
We all know Lincoln Center as a destination for opera music and film (this is where the New York Film Festival is hosted, after all). Now, this cluster of buildings in the Upper West Side just reopened its concert hall for the New York Philharmonic (it was previously called the Avery Fisher Hall), as the new David Geffen Hall, which ...
In the aftermath of the 9/11 attacks, construction started in 2008, rebuilding the demolished World Trade Center towers that were first designed by Japanese architect Minoru Yamasaki in the 1970s. Now 2 World Trade Center (also known as 200 Greenwich Street) is a planned skyscraper as part of the forthcoming, 16-acre World Trade Center complex. The 82-floor building is still ...
In Manhattan, we’ve seen a surge in private member’s clubs such as the Ned NoMad and Fasano Fifth Avenue in the Upper East Side. Some of these clubs are more than private restaurants and bars with VIP events, however. Now some private member’s clubs are offering office space, to get workers out of their home offices. New York developers are ...
People’s approaches towards how they want to live and work have shifted as the world embraces hybrid work. Live-Work-Play developments, where tenants have access to multiple work and entertainment facilities within their residences, are a rising trend. Even though more people are working from home, there’s more interest in workspaces that don’t require commuting. Developers are starting to take note ...
When it comes to airports nowadays, it’s overwhelming. Travel is back to pre-pandemic levels, and many airlines are suffering from employee shortages. Over 12,000 flights were canceled across the country during the July fourth weekend alone, due to weather and staffing shortages. Traveling at airports — even with Covid-19 restrictions eased — is stressful, due to long security lineups, vaccination ...
Without a doubt, the white-hot warehouse market across the country is still raging. According to the Logistics Rent Index, published by global industrial REIT Prologis, land values in the U.S. rose by 50% in 2021. So it makes sense that multi-story warehouses are helping offer much-needed space to urban tenants, as skyrocketing land prices are still climbing for industrial development. ...
Zoe Pappas is not your average resident at the Chelsea Hotel. She is a structural engineer, not an artist — but is still creative, nevertheless. She lives in the landmark building, built in 1884, with her husband, Nicholas Pappas, an architect. While the hotel is known for its history as the former home to artists and writers such as Patti ...
The Chelsea Hotel is a New York institution. The hotel is known for its pop culture history — it’s where Patti Smith, Allen Ginsberg and Bob Dylan called home in the 1960s. It's where screenwriter Arthur C. Clarke wrote “2001: A Space Odyssey,” and where Andy Warhol made films and artwork. Madonna even lived there in the early 1980s, before ...
LEX, a real estate investment platform founded by Drew Sterrett and Jesse Daugherty, has recently announced that New York City’s first IPO of a building — 286 Lenox Avenue in Harlem — is now trading under the ticker symbol TESLU. This is the first time a building in New York has been securitized and offered to the public, signifying major ...
Lev is using technology to transform the CRE financing process.
Lev is using technology to transform the CRE financing process.