The number of affordable units in a luxury rental building downtown will more than double under a new agreement between landlord Glenwood Management and the Battery Park City Authority.The authority has reached a deal with Glenwood to preserve and expand the affordable housing units at 450 North End Ave., known as the Tribeca Bridge Tower. The 152-unit building currently includes only 12 affordable apartments, but this will increase to 31 until at least 2069, the remainder of the building's ground lease with the authority.The 25-story doorman building had included 31 affordable units when it first opened in 1998, but the initial affordable housing program expired in 2005, and many of those units have switched to market-rate in the years since as former residents moved out. Market-rate units at the building, which is fully occupied, have rented at between $4,995 for a one-bedroom to $14,295 for a three-bedroom this year, according to the listings site StreetEasy.The units under the original deal were for households earning up to 150% of the area median income, which is currently $243,000 for a family of four. Under the new deal, at least 10 units will be for households earning no more than 60% of the area median income ($97,200 for a family of four), at least nine will be for households earning no more than 80% ($129,600), and at least 12 will be for households earning no more than 120% ($194,400).The next 19 market-rate units in the building that become vacant will be... Continue reading at 'Crains New York'
[ Crains New York | 2025-06-27 16:41:47 UTC ]
Alexandra Clancy, the widow of best-selling author Tom Clancy of The Hunt for Red October and other classic spy novels, has something to show for a hunt of her own.Clancy has purchased a 6,300-square-foot penthouse on Leonard Street in Tribeca for $20.9 million, according to a deed that appeared... Continue reading at Crains New York
[ Crains New York | 2025-06-16 22:01:42 UTC ]
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An NBA owner is angling for a big flip on the High Line.Wes Edens, who has co-owned the Milwaukee Bucks for more than a decade, has listed his triplex penthouse condo on West 28th Street for a hefty $35 million, according to an ad that appeared Thursday.The billionaire ex-Wall Street executive... Continue reading at Crains New York
[ Crains New York | 2025-06-06 17:20:18 UTC ]
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John Griffin, the founder of former hedge fund Blue Ridge Capital, which had $9 billion in assets at its 2013 peak and $6 billion when it wound down four years later, is looking for a nice return on an Upper East Side home.Griffin has listed a nearly 6,000-square-foot full-floor co-op on Fifth... Continue reading at Crains New York
[ Crains New York | 2025-05-16 20:26:17 UTC ]
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A historic Midtown building is up for auction after years of financial trouble.The Charles Scribner’s Sons Building, which opened in 1913, is set to be auctioned off Wednesday after it went into foreclosure late last year. The building is the former home of publisher Charles Scribner’s Sons’... Continue reading at Crains New York
[ Crains New York | 2025-04-29 18:48:19 UTC ]
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Evidence of bobcats, deer, and sprouting vegetation are signs the Eaton Fire burn area is recovering. Behind the remains of a town scorched by fire, the foothills are lush with new green and filled with birdsong.Wildlife is returning to the Eaton Fire burn area and scientists are closely... Continue reading at Fast Company
[ Fast Company | 2025-04-25 14:51:38 UTC ]
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Pulitzer Prize-winning newspaper columnist and acclaimed author Anna Quindlen has sold her longtime Upper West Side home after almost three decades, records show.Quindlen—whose novels include her first, 1991's Object Lessons, and her latest, 2024's After Annie—parted ways with the 5-story... Continue reading at Crains New York
[ Crains New York | 2025-04-17 09:30:00 UTC ]
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Although no injuries have been reported, attacks on Tesla showrooms and privately owned cars have been on the rise since Trump took office. Cybertrucks set ablaze. Bullets and Molotov cocktails aimed at Tesla showrooms.Attacks on property carrying the logo of Elon Musk’s electric-car company... Continue reading at Fast Company
[ Fast Company | 2025-03-19 12:38:34 UTC ]
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The food and lifestyle publisher Food52 reduced its headcount by around 40% on Friday, a sweeping round of layoffs that are part of a broader restructuring afoot at the privately owned media outlet, according to chief executive Erika Badan. The cuts will shrink Food52's... Continue reading at AdWeek
[ AdWeek | 2025-03-14 13:30:00 UTC ]
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The New York Times weathered some powerful storms in media over the last 20 years to transform itself into a digital publication with more than 11 million subscribers and $300 million in annual earnings.Unfortunately, success hasn’t carried over to a chunk of its 1.5 million square-foot... Continue reading at Crains New York
[ Crains New York | 2025-02-25 16:19:40 UTC ]
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The Daily Mail introduced its first paywall for its U.S. edition on Tuesday, marking a shift in its digital strategy as the general interest publisher seeks to diversify its revenue streams beyond advertising. DailyMail+ is part of a broader plan from the privately owned... Continue reading at AdWeek
[ AdWeek | 2025-02-25 12:00:00 UTC ]
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President Donald Trump’s administration seized $80 million from New York City’s bank accounts late Tuesday after Elon Musk inaccurately claimed that the money was being used to shelter migrants in luxury hotels, according to city officials. Mayor Eric Adams’ administration is threatening to sue... Continue reading at Crains New York
[ Crains New York | 2025-02-12 20:08:46 UTC ]
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The exclusive all-girls prep school on the Upper East Side that inspired the book series and TV show Gossip Girl is planning to expand into East Harlem, records show.Nightingale-Bamford, where tuition for its 716 students from kindergarten through 12th grade is $64,470 a year, has plans to... Continue reading at Crains New York
[ Crains New York | 2025-01-22 18:47:51 UTC ]
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The IBM Building at 590 Madison Ave. has one of the finest amenities in the city: A 8,200 square-foot park-like atrium with a 65-foot high glass ceiling, with dozens of chairs and tables available to everyone. “A tree-filled conservatory and public living room rolled into one,” is how the space... Continue reading at Crains New York
[ Crains New York | 2024-11-27 18:07:17 UTC ]
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Mayor Eric Adams’ administration is distancing itself from a planned acquisition of a large Bronx industrial center after it emerged that a city real estate official — who is close friends with Adams — had gone to unusual lengths to promote the deal.The administration had been in talks to... Continue reading at Crains New York
[ Crains New York | 2024-10-30 17:40:25 UTC ]
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DJI has filed a lawsuit against the US Department of Defense over its addition to the Pentagon list that designates it as a "Chinese military company." In its filing, shared by The Verge, the company said it's challenging the designation because it's "neither owned nor controlled by the Chinese... Continue reading at Engadget
[ Engadget | 2024-10-19 12:00:36 UTC ]
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A massive industrial complex in Bushwick that once served as a bread-making facility and bakery is slated for the wrecking ball to make way for one of two sprawling production studios a firm plans in the borough, records show.Manhattan-based real estate firm Bungalow Projects, which is focused... Continue reading at Crains New York
[ Crains New York | 2024-10-11 17:17:08 UTC ]
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A global hotelier has scored a Manhattan home near where his company first put down roots.Richard Chiu, founder of the chain Warwick Hotels and Resorts, whose initial acquisition in 1980 was Midtown’s Warwick Hotel, purchased the three-bedroom condo on Columbus Circle for $17.3 million,... Continue reading at Crains New York
[ Crains New York | 2024-09-24 17:00:13 UTC ]
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