Construction & Design »

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[3:56 pm, April 16, 2015 | No Comment | ]

Polly Trottenberg, Commissioner of the New York City Department of Transportation, made a special presentation at The Avenue of the Americas Association March membership meeting at Gensler on March 25.
Building owners and Fortune 100 tenants of the major buildings along the Avenue of Americas gathered to hear the commissioner highlight the department’s goals and achievements for the year, such as keeping the system in a state of good repair, and mobility and connecting neighborhoods.
Some of the department’s recent notable accomplishments include having the lowest number of pedestrian deaths in NYC …

Construction & Design »

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[3:55 pm, April 16, 2015 | No Comment | ]

MacQuesten Development LLC and New York State Homes and Community Renewal have announced a new $31.5 million mixed use Transit-Oriented Development for downtown Mount Vernon.
The Modern, to be built on a former industrial area, will include 80 affordable rental apartments and approximately 9,400 s/f of commercial, possible medical use and office space on the first two floors. Construction began this past December. An opening is scheduled for fall 2016.
The 130 Mount Vernon Avenue site is at the southeast corner of MacQuesten Parkway, previously the site of businesses that had closed, …

Construction & Design »

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[3:51 pm, April 16, 2015 | No Comment | ]

The American Institute of Architects New York Chapter (AIANY) and the Center for Architecture named David Burney, FAIA, interim Executive Director.
Burney, an architect, urbanist, educator, and former Commissioner of the City’s Department of Design and Construction (DDC), will serve in the post until the organization hires a permanent Executive Director. Burney is credited with raising architecture standards for NYC’s public projects while at the helm of two major City agencies.
From 2004 to 2014, he served as Commissioner of the DDC. At DDC, he oversaw a staff of almost 1,200, charged …

Construction & Design, Retail »

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[3:49 pm, April 16, 2015 | No Comment | ]

The Blumenfeld Development Group (BDG) announced that they are developing and constructing a 40,000 s/f retail complex on the corner of Southern Blvd and Hunts Point Avenue in the Bronx.
Called The Crossing, this marks the Blumenfeld Development Group’s first-ever venture into the Bronx, with construction expected to be completed in 2016.
BDG is allied with the architectural firm Studio 5 on the design of the center with a number of established brand names already signed as tenants including Dollar Tree, Dunkin Donuts, McDonald’s and Red Lobster.
“The Bronx has always been a …

Construction & Design »

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[3:41 pm, April 16, 2015 | No Comment | ]

Construction costs continue to rise nationwide, in part, because the overall U.S. construction industry in 2015 is smaller than it was prior to 2008 when the recession began.
In its first quarter costs report, Rider Levett Bucknall, international property and construction consultants, found that in those areas where construction activity is picking up the most, the smaller-sized industry is struggling to keep up with demand.
Julian Anderson, president of Rider Levett Bucknall North America, said, “Although the actual costs of labor and materials continue to increase slowly, the growing demand and limited …

Deals & Dealmakers »

[3:32 pm, April 16, 2015 | No Comment | ]
Demand for tech workers driving office momentum

Tech talent clustering is a growing driver of demand for office space in both large and small markets across the U.S., according to a new CBRE Research report, “Scoring Tech Talent,” which ranks 50 U.S. markets according to their ability to attract and grow tech talent.
While established tech markets like San Francisco, Washington, D.C., and Seattle dominated the top spots on the “Tech Talent Scorecard,” many smaller, up-and-coming markets stood out as top “momentum markets” based on tech talent growth rates.
Oklahoma City and Nashville had tech talent growth …

Deals & Dealmakers »

[3:22 pm, April 16, 2015 | No Comment | ]
AROUND TOWN EVENTS SEMINARS MEETINGS TALKS: IREM Luncheon, CoreNet Dinner

Tall Buildings
April 15: The New York Chapter of the Council on Tall Buildings presents a discussion on the Ping An Finance Center. Upon completion in 2016, it will be one of the tallest towers in the world. The event will take place at the Kohn Pedersen Fox Office on 11 West 42nd Street, New York City at 6:30 P.M. For questions, email ypcnewyork@ctbuh.org.
REIT Symposium
Apr: 15: The NYU School of Professional Studies Schack Institute of Real Estate will hold its 20th Annual REIT (Real Estate Investment Trust) Symposium, from 8:15 …

Deals & Dealmakers »

[12:10 pm, April 16, 2015 | No Comment | ]
Ice & Vice corners LES market

Faith Hope Consolo, chairman, Joseph Aquino, Executive Vice President, and Arthur Maglio of Douglas Elliman’s Retail Group have arranged a lease for Ice & Vice at 221 East Broadway.
The new store represents another addition to the team’s exclusive agency on the Lower East Side, which comprises approximately 4,000 s/f of retail space on East Broadway, with stores fronting both East Broadway and Clinton Streets.
The widely acclaimed artisanal confectionery produces and sells ice cream, frozen yogurt, sorbets and sherbets at food markets and events throughout New York, including Brooklyn Night Bazaar …

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