The Real Estate Industry owns all the politicians in both parties in NY. There will never be a brake put on this... until the bubble bursts, and it will. In Tokyo you still can't sell your studio apartment for what you bought it for in 1985. Yes, it can happen here. Capitalism is not a conscious entity, it doesn't think ahead. It's a value neutral tool which must be judged by the way a society (or a city) uses it.
5
"NoMad". That says it all; a contrived name by contrived people for contrived people. Would any real New Yorker breathe such an abomination? Since most of Manhattan's neighborhoods have been fully homogenized and stripped of any defining characteristics, the only way to distinguish one from the other is by what grossly overpriced restaurants currently occupy space there. Everything else is Duane Reade, Starbucks, banks, banks and more banks.
7
I love it. As stores and restaurants close because of high rents more high-rises go up. Soon all the places which made NYC a desired place will be gone.
But to be honest, even though I spent my first 35 years in NYC after moving to a suburb I rarely miss the NYC experience. The only time I'm asked for money these days is usually from a Girl Scout Troop selling cookies and not some "professional" bum parked out in front of some landmark building.
But to be honest, even though I spent my first 35 years in NYC after moving to a suburb I rarely miss the NYC experience. The only time I'm asked for money these days is usually from a Girl Scout Troop selling cookies and not some "professional" bum parked out in front of some landmark building.
5
The Russians and Chinese Robber Barons are going to love this as a way to evade taxes in their home countries. Is the developer using EB5 or other EB programs to lure buyers in? Do buyers get a full-ride American Visa in the bargain? That's what the EB program is about.
City, town, county and state lawmakers MUST stop giving OUR land and resources to tax-evading, socially unconscious people. They will destroy the America we hold dear for profit.
City, town, county and state lawmakers MUST stop giving OUR land and resources to tax-evading, socially unconscious people. They will destroy the America we hold dear for profit.
15
But don't we Americans also hold dear for profit? Hold it above god, indeed.
2
50 years ago, NYC, and especially Manhattan, was a renter's city - only a minority owned, and certainly not average working people. Rent control/stabilization helped keep rents affordable. Families lived there for generations. Now, it's all for the flip, the development, the profit. Neighborhoods don't exist anymore, save for those tags artificially created to help sell. Manhattan is becoming a high-rise theme park. Nice to buy a three-day ticket to visit, but not to stick around.
17
More proof that Manhattan, etc., is the world capital of pretension. That's OK, let 'em all bundle together. Reassures them that all their money is really worth something.
Mebbe it's not.
Mebbe it's not.
7
NY Times-
Understanding that the Real Estate section provides fawning coverage of development, it would nonetheless be appropriate to reference the land use implications. For example, the impact on traffic, trash (massive numbers of trash bags blocking the sidewalk) etc
Understanding that the Real Estate section provides fawning coverage of development, it would nonetheless be appropriate to reference the land use implications. For example, the impact on traffic, trash (massive numbers of trash bags blocking the sidewalk) etc
17
It's sad that the creative quaint bohemian NYC of writers and artists has disappeared. This creative environment is what made NYC great.
17
It was never quaint. It was hard, but the rewards were worth it. Some of us are still here by the way. Like the native americans, for some reason people keep pretending we're all dead and gone. Is that so they don't feel guilty about ignoring us? I don't know. But I know that I and other artists and writers are still very much alive and living in the 5 boros and we need your support. Give to an artist near you...
11
I prefer to have a view of a tree.
13
New York has more trees than most cities on earth. All visitors exclaim how much they love Central Park, but very few ever bother to lobby their politicians to build a park like that in their home town. Personally I've grown 6 trees in large containers from seed. The live under my sky light right inside my NYC apartment.
3
Hi CJ, it is my understanding that air rights are a function of FAR, not building height. In reference to your statement: "Air rights can be sold by a building that has not been constructed to its maximum allowable height," IF a building reaches its max height BEFORE its max FAR, can it sell those air rights? Thanks
1
My house on half an acre in the Triangle Area of NC cost 5% as much per square foot. And, I have easy access to world class universities, top notch health care, great museums, excellent sports facilities, and this is a foodie's paradise. All this within a 30 minute drive. In fact, the main problem being that I must drive it; little public transit.
This from a native New Yorker, born and bred, who knows what she's missing. Not much.
This from a native New Yorker, born and bred, who knows what she's missing. Not much.
16
I use to say the same thing as I sat in my living room looking at the ocean in St Augustine Fl.
Born in the city but moved to Florida at 22
''Why do my friends put up dirty subways, congested streets and high rents.
I was away from the craziness and able to take long walks at the ocean, bike rides in the country and friendly people.
For forty years I lived the beach life in the sun
That was then
This is now....living back in the city full time.
Retired and in the middle of the craziness, the vibrancy and greatness of all things New York City.
What a wonderful way to live my last twenty years.....engaged and involved
Born in the city but moved to Florida at 22
''Why do my friends put up dirty subways, congested streets and high rents.
I was away from the craziness and able to take long walks at the ocean, bike rides in the country and friendly people.
For forty years I lived the beach life in the sun
That was then
This is now....living back in the city full time.
Retired and in the middle of the craziness, the vibrancy and greatness of all things New York City.
What a wonderful way to live my last twenty years.....engaged and involved
23
I used to live in a state like North Carolina. Everyone kept telling me I was going to hell. So I moved to NYC. I'm sure NC has it's charms as you say, but the hate that fills the minds of the people in the Red States kills those off if you don't or (can't) conform to what others want of you. Also, salaries in NYC can be quite a bit higher here. It's apples and oranges, but for some reason so many people in the out lieing states want to stick the knife in when given a chance, what's that about? Don't answer, I remember all that hate. I know it will never die.
8
A beautiful building yes, but the LAST THING New York City needs right now. One-bedrooms that start at over $1MM? NYC's middle class has nowhere affordable to live, and how are younger people meant to own anything? This City needs well-built, well-outfitted buildings with apartments that people who are not New York's 1% can actually hope to buy. Say, one-bedrooms for UNDER $1MM! It is laughable that I even have to type that sentence. Every city needs a mix of incomes to thrive and grow and succeed, yet my intelligent, successful, middle-class friends are all moving away. Is there a developer who can put aside greed and rise to the challenge?
29
Yes, agreed, but that ship sailed, for now.
It's all going to end very badly, tho. They've built soooo many upscale condos and when the bottom falls out, and it will, it's going to be a disaster. So bide your time, you may be able to snap up a 1br in this very building for pennies on the dollar.
It's all going to end very badly, tho. They've built soooo many upscale condos and when the bottom falls out, and it will, it's going to be a disaster. So bide your time, you may be able to snap up a 1br in this very building for pennies on the dollar.
4
Well, I suppose YOU could become a developer, since you already possess the crucial prerequisite of having your heart in the right place.
2
This is de Blasio's idea of Utopia for the Middle Class. Such pipe dreams coming from a limousine liberal who's been on the public dole for most of his adult life. It was ever thus.
5
Many buildings are planned and rising in the immediate vicinity of this one. Its views will soon be eclipsed.
In fact, it's a matter of time before the horrible parking garage next door to this tower is redeveloped.
In fact, it's a matter of time before the horrible parking garage next door to this tower is redeveloped.
11
Because developers are just such special people, and so not rewarded for their efforts. /s