The next generation of subway cars is poised to hit the rails.
MTA unveiled their long-awaited R211 subway cars. Officials literally pulled a curtain to reveal the city’s first look at what could be a 1,600-car fleet crisscrossing subway lines.
Passenger service with the cars likely won’t start until September 2022, said Demetrius Crichlow, executive vice president and COO of New York City Transit. “We start qualifying and testing within the next few weeks, so if you’re lucky you may …
by Riccardo Ravasini 
Bal Harbour investor Joseph Imbesi sold a waterfront property on the site of the former yacht club for $54.9 million. It was listed for $65 million.
The property features a 915-foot seawall, seven boat slips and has already been approved for a helipad. According to the listing, the docks can be demolished to make way for a super yacht.
Josep Imbesi acquired the site as part of a larger $19 million deal in 1999. Imbesi sold part of that property, …
by Riccardo Ravasini
The Manhattan real estate market is experiencing a period of significant recovery. Although the inventory is still substantial, sales activity has exploded and the “covid discount” effect is already disappearing. It should be remembered that these data are somehow still influenced by the pandemic as they reflect the difference between this quarter and the same period last year.
Talking by Numbers. Let’s try to put things in perspective:
There were 3,417 closed sales, up +151.8% from the year-ago quarter. …
by Riccardo Ravasini 
The New York Post reported that the Vessel will welcome visitors back several months after a 21-year-old man leapt to his death from the structure in January. New measures will be in place: Related is tripling security staff and will add signage that includes messaging from the National Suicide Prevention Lifeline. And visitors will no longer be allowed to come alone.
The once-free attraction will now have a $10 visitors’ fee that Related told the Post will go toward covering the …
by Riccardo Ravasini 
Terra, GFO Investments and New Valley plan to break ground this month on Five Park, a 48-story, roughly 280-unit tower at 500 Alton Road that will become the tallest building in Miami Beach at 519 feet upon completion in 2023.
Five Park will feature two-, three- and four-bedroom and penthouse condominium and multifamily units. “Building amenities,” the press release said, “will include an amenity deck with tw2o swimming pools, a restaurant, sunset viewing lounge areas, a resort-style spa, and a …
by Riccardo Ravasini 
New York City’s public school students will all return to classrooms in the 2021-2022 year, Mayor Bill de Blasio said.
“It’s good news: New York City public schools, one million kids will be back in their classroom in September, all in-person, no remote,” he said on MSNBC’s Morning Joe.
The announcement represents a significant upcoming return to normal for the city’s schools, which have been at least partially remote since the coronavirus pandemic first struck in March 2020.
(source: patch.com)
by Riccardo Ravasini