Donald Trump has often railed the government for allowing transactions where the Chinese take US jobs and money. Well, in a seemingly ironic twist of events, a new construction in Jersey City branded with the Trump name has fetched nearly $50 million from Chinese investors in exchange for visas, Bloomberg reports.
The City of New York opens a huge waste-transfer station on 91st street along the East River in Yorkville in 2015 — and it’s already threatening the surrounding real estate business. New York has decided to place its very first such waste-transfer station in a flourishing Manhattan neighborhood with many luxury condominiums.
Good news for all 2 Gold Street tenants. The management of the building has updated its schedule for the re-opening and says that the building will be ready to be re-occupied on or before February 15, 2003. That’s exactly two weeks earlier than planned, provided that the Department of Buildings gives it a green sticker.
Stuyvesant Town, one of New York City’s most iconic post-World War II private housing communities, has just been given a new appraisal. The independent appraiser for CWCapital Asset Management valuated Manhattan’s largest apartment complex at $3.2 billion, compared to its last appraisal dated back to 2010 when it was valuated at only $2.8 billion – $400 million less of its current assessment. CWCapital Asset Management ordered the appraisal on behalf of the bondholder owners.
A parking garage in lower Manhattan locked its doors without warning just before Hurricane Sandy hit, preventing customers from retrieving their cars and fleeing. A class action lawsuit for unspecified damages is now underway against the garage.
The condominium tower the Isis at 303 East 77th Street has sold 75 percent of its apartments. The Isis was built in 2009 hitting the market at the height of the global recession. The consequence was that developer, Alchemy Properties had to take the units off the market and re-launch them in 2010 at discounted prices.
Here we have it, Zeckendorf Development and Global Holdings have unveiled their new project, a 44-story luxury condominium with planned completion by 2014. Zeckendorf paid $152 million for the vacant land and the building is expected to cost another $500 million. The building was unveiled at a ground raising ceremony in Dag Hammarskjold Plaza.
Let the battles begin! The first lawsuits against the luxury residential tower One57 have been filed. Two dentists have sued Lend Lease, the contracting firm overseeing One57's site, and Pinnacle Industries, the crane’s owner.
President Barack Obama will be visiting New York City on Thursday to view the progress of the recovery from Hurricane Sandy, the Associated Press reported. The President wanted to visit New York City right after the hurricane hit, but Mayor Bloomberg requested that the President not visit so soon in order that he not interrupt the recovery process. At that time, the Mayor needed all of NYC’s resources to focus on cleaning up and repairing the damage. He did not want to have to divert any resources to the protection of the President.
Designer Marc Jacobs has been harmed by Hurricane Sandy and has moved temporarily to the Upper East Side, sources have told us. Marc purchased a 4,500-square-foot Neo-Georgian townhouse that is a part of the Superior Ink condo-torium, in 2009 for $10.495 million. Interior designer That Hayes helped Marc and his boyfriend Lorenzo Martone renovate the place.
We learned earlier this week that the lobby of Superior Ink became flooded when Hurricane Sandy caused record water levels to rise and invade city streets..
Apocalyptic photos showing floating cars, blacked out Manhattan, flooded construction sites, chaotic scenes around Con Edison, flooded tunnels, crushed cars hit by trees, knocked down trees, flooded buildings and the dangling One57 crane. The photos were taken right after Manhattan had been hit by hurricane Sandy.
The crane at the luxury condominium project, One57 remains dangling from its 90th floor, but appears to be safe. The building, known as a magnet for billionaires around the world, has now caused broad evacuations and massive panic.
Hurricane Sandy, the most devastating storm in history to hit Manhattan, and the largest Atlantic hurricane in diameter on record caused flooding, destruction, burned homes and deaths in New York. We received incredible pictures, taken a few hours after the storm hit New York. The pictures show floating cars, flooded construction sites, the dangling One57 crane, chaotic scenes around Con Edison, flooded tunnels, crushed cars hit by trees and flooded buildings.
The damage from Hurricane Sandy is nothing that Manhattan has ever seen before. Many parts of lower Manhattan are severely flooded and without electricity or hot water. The MTA is at a complete halt and service might not be back for as long as a week. The absolute worst-case scenario has happened and even surpassed predictions.
Cars have been seen swimming in the flood. Police have evacuated lower Manhattan, and closed it down to in and out going traffic. The Battery Tunnel is flooded with water, and no timetable has been provided for when it will be open again.