Nestled at the intersection of Soho, Greenwich Village and Tribeca, Hudson Square is seeing a wave of condominium projects that could define it as a cheaper option for luxury housing in the area.
In the wake of a 2013 rezoning, the waterfront neighborhood, also known as West Soho, has been primed for residential development. Over the last four years, the median sales price there has climbed 29 percent, data compiled by appraisal firm Miller Samuel shows. And as the post-industrial …
by Riccardo Ravasini 
Investment guru Rob Arnott recently bought a waterfront mansion in Miami Beach in what looks to be the most expensive purchase in Miami Beach since at least 2015, The Real Deal reports.
Property records show that Arnott, recently dubbed a “modern-day Socrates” by Barron’s, paid $32 million, or just over $2,900 a foot, for a seven-bedroom, 11,000-square-foot home at 34 La Gorce Circle. There hasn’t been a deal in that price range on the beach since Ken Griffin purchased two …
by Riccardo Ravasini 
The city has announced its proposal to encourage more residential development in Gowanus, an effort that officials hope will be a prelude to rezoning the neighborhood.
As part of the proposal, Fourth Avenue would be up-zoned to encourage redevelopment of the busy thoroughfare and would make the city’s mandatory inclusionary housing program applicable to the area, Politico reported. In exchange for the zoning change, owners would be required to build affordable housing. Fourth Avenue was rezoned back in the Bloomberg …
by Riccardo Ravasini 
A recent panel of industry experts discussed the idea of a rezoning plan for the neighborhood that is so strategically located. The panel discussed the new types of commercial and residential developments that are transforming the neighborhood, and Department of City Planning director Marisa Lago confirmed that this could eventually necessitate a rezoning. Most of LIC manufacturing zones have not been rezoned since the 60s. With the huge revolution brought by e-commerce in the last decade, times seem ripe for …
by Riccardo Ravasini 
In the late 19th Century South Florida pioneer Henry Flagler recruited Luther Halland, the son of a Swedish minister and brother-in-law to one of his sales agents, to establish a beachside settlement just north of Miami. Halland and another Swedish entrepreneur, Olaf Zetterlund, pitched some of their fellow countrymen on a sweet deal: cheap land in a frost-free subtropical climate. That was the beginning of what would become Hallandale. By 1999, after annexing land adjacent to the Atlantic shore, the …
by Riccardo Ravasini 
The median price of a home in Brownstone Brooklyn (Boerum Hill, Brooklyn Heights, Carroll Gardens, Clinton Hill, Cobble Hill, etc.) and North Brooklyn (Williamsburg, the Navy Yard and Greenpoint), dropped 11.4 percent year-on-year to $1.02 million in the first quarter of 2018. The decline was partly due to a weakening condominium market. During the period, the average sales price for the segment stood at $1.446 million, which amounts to a 7.1 percent drop compared to the same time last year. …
by Riccardo Ravasini