The New York City Football Club will pay roughly $780 million to build the stadium in Willets Point in Queens as part of a project that will include housing and a hotel. Source: New York Times
Posts published in “Real Estate (Commercial)”
Why Is New York Still Building on the Waterfront?
By Gotham Rex on October 28, 2022
There are two simple reasons. One, it makes money. And two, people just love water. Source: New York Times
Times Square May Get One of the Few Spectacles It Lacks: A Casino
By Gotham Rex on October 19, 2022
The battle to win a New York City casino license has heated up in Manhattan, with real estate and gambling giants offering competing proposals for Times Square and Hudson Yards. Source: New York Times
MetroTech, the Office Park in Brooklyn, Gets a $50 Million Renovation
By Gotham Rex on October 17, 2022
A look inside the rebranding of MetroTech, an outdated corporate campus from the early 1990s. Source: New York Times
Towering Over Midtown: The Penn Station Super-Talls
By Gotham Rex on August 30, 2022
The proposed project would include buildings in the West 30s that would be among the tallest worldwide, with one tower that could surpass One World Trade. Source: New York Times
Manhattan Has a Glut of Empty Offices. Hochul Wants to Build More.
By Gotham Rex on August 29, 2022
Despite near record-high office vacancies, Gov. Kathy Hochul has backed a real estate project at the New York transit hub that would be one of the largest in American history. Source: New York Times
New York Developers Rush to Reduce Emissions as Hefty Fines Loom
By Gotham Rex on August 16, 2022
Building owners are trying to figure out how to pay for upgrades needed to comply with city regulations intended to fight climate change. Source: New York Times
The Fight to Save New York’s Extravagantly ’80s Subway Entrance
By Gotham Rex on July 29, 2022
The throwback atrium at 60 Wall Street — which also provides access to the subway — has its fans, but its future is unclear. Source: New York Times
What to Know About Penn Station’s $7 Billion Redevelopment Plan
By Gotham Rex on July 21, 2022
The project promises to update the notorious eyesore but critics of the plan are concerned about the cost. Source: New York Times
Judge Holds Cushman & Wakefield in Contempt in New York Trump Inquiry
By Gotham Rex on July 6, 2022
The firm, Cushman & Wakefield, was ordered to pay $10,000 a day until it complies with a subpoena. It appraised several Trump properties that are at the center of the New York attorney general’s investigation. Source: New York Times
Lonely Last Days in the Suburban Office Park
By Gotham Rex on July 5, 2022
Yes, downtown offices are struggling. But there is a different kind of emptiness in suburban settings that were already isolated and lightly populated by design. Source: New York Times
In Buffalo, New Apartments Sprout Up in Vacant Warehouses
By Gotham Rex on July 3, 2022
A decade-long effort to transform industrial relics is showing signs of progress and expanding the city’s population for the first time in 70 years. Source: New York Times
Chair Stalking Returns to Bryant Park as Midtown Begins to Perk Up
By Gotham Rex on June 10, 2022
Despite the patchy way in which workers are going back to their offices, the heart of New York City is starting to resemble itself in some ways. Source: New York Times
Lawrence D. Ackman, a Cityscape’s Financier, Dies at 83
By Gotham Rex on June 8, 2022
A behind-the-scenes power in New York, he helped the city’s leading developers fulfill their skyscraping ambitions. Source: New York Times
N.Y.C. Companies Are Opening Offices Where Their Workers Live: Brooklyn
By Gotham Rex on May 30, 2022
As workers return to the office, some companies have relocated to ease the commute. Source: New York Times