The sub-section of the Upper West Side, facing the Hudson River between 59th St. and 61st St., used to be nothing but train tracks, and then for a long time it was a much-delayed development site. Now, the Riverside Center mega development has approved permits for over 1,000 new residential units, making the Lincoln Square neighborhood surrounding it the fastest-growing in Manhattan.
In total, the five-building project that will be built over several years is slated to include 2,500 residential …
by Riccardo Ravasini Extell is one of the developers that is planning to capitalize on the strength of the market segment $1 million to $3 million; all the 815 condo units at the yet-to-be-built One Manhattan Square will be priced in this range.
Few weeks ago the attorney general approved the plans for this new condo tower that will rise downtown, just north of the Manhattan Bridge @ 250 South Street. This is a very large project, the forecasted $2.1 billion sellout is …
by Riccardo Ravasini Properties between $1 million and $3 million are flying off the shelves. As prices rise across the board, this category is absorbing a growing number of buyers who are finding themselves priced out of more expensive apartments. And the majority of buyers in this range know that they need to act fast because there is a line of competing buyers who will grab the property if they don’t.
However, higher up on the ladder — in both the $3-million-to-$5-million range …
by Riccardo Ravasini North Beach in Miami Beach, the Arts & Entertainment District, Midtown and Coconut Grove are among the areas that have emerged as the hottest real estate submarkets in greater Miami. And these emerging areas are each experiencing a renaissance of activity.
• North Beach is generally a quiet community with single-family homes and low-rise apartment buildings but will soon experience a significant transformation once developer Terra Group breaks ground on its 20-story, 64-unit luxury condominium at 8701 Collins Avenue. That …
by Riccardo Ravasini You might not have known it, but among the high-end retail storefronts and trendy nightclubs and restaurants, there are still some meatpackers left in the Meatpacking District. In fact, the Meatpacking District itself is the last holdout among the many marketplaces that once flourished in Manhattan – with the Fulton Fish Market having decamped to the Bronx in 2005, wholesalers having withered from the Flower District on West 28th Street and the Printing District at Hudson Square all out of …
by Riccardo Ravasini When real estate professionals talk about the boom in shared office space, most think of WeWork. But the $10 billion unicorn is only one of dozens of companies vying for market share in New York City. The Flatiron District alone is home to 26 coworking spaces run by 20 different companies, according to a new report by the Flatiron 23rd Street Partnership, a local business improvement district. Some, like WeWork’s 108,000-square-foot space at 79 Madison Avenue, take up multiple floors. …
by Riccardo Ravasini