Category : Construction & Design

Hip young crowd planting roots at Bloom62
Construction & DesignResidential

Hip young crowd planting roots at Bloom62

REW Staff
by REW Staff883
By Konrad Putzier There are few places in the world where finding a patch of green is as hard as in Manhattan. By this measure, Bloom62 is a real gem. The six-story rental building in the East Village fields a rooftop terrace reminiscent of a suburban garden — with the...
Construction & DesignDeals & Dealmakers

No property tax hikes here, promises Lhota

REW Staff
by REW Staff732
Fresh off his spirited and occasionally contentious debate of the previous evening, GOP mayoral candidate Joe Lhota spoke to a packed room at the BOMA/NY Annual Conference and Leadership Breakfast and left no doubt that a Lhota administration would be a sharp and clear departure from the last 12 years. Criticizing the platforms of his...
Construction & DesignResidential

Mack-Cali opens latest Gold Coast apartment development

REW Staff
by REW Staff860
Principals of Mack-Cali Realty Corporation and its subsidiary, Roseland, joined West New York, NJ Mayor Felix Roque to celebrate the opening of RiverTrace at Port Imperial, a new 316-unit luxury rental community situated along the Gold Coast city’s Hudson River Waterfront facing Midtown Manhattan. Developed by Roseland and financed by...
Construction & DesignDeals & Dealmakers

Asian group steps in to revive MoMa condo tower

REW Staff
by REW Staff767
An Asian real estate group is partnering with Hines and Goldman Sachs to revive a project to expand the Museum of Modern Art and building 145 luxury condos. Hines announced today (Wednesday) that Pontiac Land Group of Singapore has joined Hines and the Goldman Sachs Real Estate Principal Investment Area...
Construction & DesignDeals & DealmakersHeadline

Seaport tenant keeping bulldozers at bay

Sarah Trefethen
by Sarah Trefethen829
Demolition of the Pier 17 mall was scheduled to begin in early September. But it’s still standing over the East River at the foot of the Brooklyn Bridge, seeming almost defiant in its red, barn-like incongruity. The spark of life propping up the three-story shopping center is a single food court tenant which, as of yesterday (Tuesday), was still serving up fried fish and beer in the otherwise vacant building. Here, no anthropomorphization is required to detect the defiance. “I’m here, ready to serve customers — and I’m not leaving,” said Joseph Demane.
From submarine doors to aqua fences, owners are more prepared for flooding
Construction & DesignFeatured

From submarine doors to aqua fences, owners are more prepared for flooding

REW Staff
by REW Staff733
The fate of low-income home owners has dominated the media coverage of Hurricane Sandy’s aftermath. The aquafence has been in great demand since Sandy and has also been installed at Jane's Carousel in Brooklyn Bridge Park. But beyond the headlines, owners of large commercial and residential buildings are waging their own struggle to recover from the storm – albeit with much lower stakes. So far they have done surprisingly well. A recent report by Jones Lang LaSalle showed that the downtown Manhattan office market has rebounded strongly since the Hurricane.
Construction & DesignDeals & DealmakersFeatured

Newark’s Panasonic project wins CoreNet award

REW Staff
by REW Staff1275
CoreNet Global has recognized the project team that brought Panasonic’s U.S. headquarters to a new building in Newark with a 2013 Economic Development Leadership Award for spurring economic development, investment and employment in the Brick City. The award was presented last week at CoreNet's Global North American Summit. Brick City Development Corporation (BCDC), the primary economic and business development company for Newark; the New Jersey Economic Development Authority; SJP Properties; Matrix Development Group; economic development incentives advisory firm Biggins Lacy Shapiro; and Newmark Grubb Knight Frank worked together to bring the $150 million Panasonic Corporation of North America headquarters to Newark.
Construction & DesignHeadlineResidential

One year after Sandy wreaked havoc, Long Beach is on its way back

REW Staff
by REW Staff890
A year after Hurricane Sandy battered the barrier islands off the coast of Long Island, one beach community is finding its way back to normal. Sandy, the second-costliest hurricane in U.S. history — second only to Hurricane Katrina in 2005 — caused $42 billion worth of damage in New York State. Long Beach is a town of about 33,000 on the south shore of Long Island, a 45-minute train ride from Manhattan on the Long Island Rail Road. Superstorm Sandy caused more than $200 million in damage to city property when it hit the town.
City’s online building hub now covers everything down to kitchen sink
Construction & DesignFeatured

City’s online building hub now covers everything down to kitchen sink

REW Staff
by REW Staff780
The city’s Buildings Department has shaved another layer off the process of submitting plans for minor projects. On Monday, Commissioner Robert LiMandri announced that digital construction plans for all minor construction projects can now be submitted to the NYC Development Hub for a virtual review. Filing representatives and design professionals will be able to collaborate virtually for large Alteration Type-2 and Alteration Type-3 projects, which include home renovations, construction fences, and scaffolding.
New skinny towers get fat check from state
Construction & DesignHeadline

New skinny towers get fat check from state

REW Staff
by REW Staff671
Mack-Cali and Ironstate Development will get $33 million in tax credits to build a three-tower apartment development on the Jersey City waterfront that will increase the people into square feet equation. The joint venture partners have developed a concept they call URL - Urban Ready Living - that they say allows for "tremendous living density in a small footprint." The first phase will consist of a 69-story tower with 766 apartment units, some of which will be "micro units."