Riccardo Ravasini, Author at Rava Realty - Page 71 of 99

Roosevelt Island: Now & Then

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Between 1800 and early 1900, Roosevelt Island — named after FDR — was just a little stretch of land with eight city hospitals, a workhouse and a jail (“Boss Tweed” was among the notorious prisoners). The 1970s brought a wave of residential development.
Today, the two-mile long island in the East River has a community of 14,000 residents (20% increase from 2010) who mostly live in high-rise rental buildings. Roosevelt Island is known for its green space, beautiful views of ...

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Miami: Remaking Coral Gables

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Coral Gables (city of Miami-Dade), known for its affluence and Mediterranean look, will be getting a new look. This summer, after three years of intensive review and revision, Coral Gables commissioners approved the biggest single development. The tallest and largest in the city’s 90-year history — the Mediterranean Village at Ponce Circle, comprising more than one million square feet of hotel, condos and shopping layered into 6.7 acres of long-vacant land three blocks south of the Mile on Ponce de ...

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Rooftop Relief

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It is hot on New York City streets. For many of us, relief is found on the rooftops. Today’s rooftop terraces, particularly those in new development buildings, are growing increasingly bigger and swankier, sporting everything from designer furniture, commissioned artwork to pools and spas. Here are some interesting numbers regarding new roof top projects:
71 Number of permits projected to be filed in 2015 with the Department of Buildings containing the words “roof deck.”
13,000 square footage of outdoor exhibition ...

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Reshaping Miami’s Homes

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Buyers from out of town aren’t just snapping up Miami’s prime real estate, they’re also changing the way developers build, the Miami Herald reports. As more out-of-towners decide they want to put down roots in South Florida rather than simply buy investment properties for the rental market, they’re asking for bigger, better, more expensive designs. For example, units equipped with quarters for a nanny or maid; guest suites for visiting relatives and friends; and high-tech security with biometric identification.
Those ...

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Rental Prices in NYC

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Median rental prices rose across Manhattan, Brooklyn and Queens. In Brooklyn, the median rental price rose 4.1 percent year-over-year to $2,968. Meanwhile, Manhattan’s median rental price rose 6 percent to $3,419, according to the report.In Queens – where rents declined in recent months – the median rental price jumped 14 percent to $3,016. “What it has to do with is a concentration of new development units that make up the market,” Miller said to The Real Deal. In the month ...

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The Floating Building

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Traditionally, developers looking to turn rent-regulated apartment buildings into condos have had two options: try to buy the tenants out, or wait a long, long time for all units to become de-regulated. The owner/developer at 711 West End Avenue, between 94th and 95th streets on the Upper West Side, is planning to build a condo building atop an existing rent-regulated apartment building. The plan is not simply to add floors, which is notoriously difficult in an occupied building. Instead, the ...

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