new york Archives - Page 18 of 18 - Rava Realty

One Wall Street

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One Wall Street

The conversion of One Wall Street, a building designed by prolific Art Deco architect Ralph Walker, has been underway for several years.

Developer Harry Macklowe purchased the building, which had previously served as the headquarters for the Irving Trust Company and the Bank of New York, in 2014, with the goal of turning it into apartments. Since then, the firm has been working on getting the necessary approvals, and gutting the entire thing to prep for its ...

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Race for the Heavens

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Race for the Heavens

Central Park Tower, at 217 West 57th Street, has now reached the 92nd floor, construction has officially surpassed the 1,396-foot-tall rooftop parapet of 432 Park Avenue, making this building the tallest residential structure in New York and the Western Hemisphere. The 1,550-foot tower is being designed by Adrian Smith + Gordon Gill, while Extell is the developer.

Once work reaches the rooftop, the height difference with 432 Park Avenue will become more apparent. Meanwhile, SHoP Architect’s slender ...

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Wealth Report: London Vs NYC

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Wealth Report: London Vs NYC

Here are some insights from the latest Knight-Frank – 2019 Wealth Report – and other luxury market indicators.

Yes, the New York real estate market cooled down in 2018, but the city is still a favorite, amongst the uber rich of the world, for prime property investment.

New York is the world’s leading city for both residential and commercial investment, cementing its position as a global wealth hub. The study, which surveys global trends among ...

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New York City’s Tourism Boom Continues

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New York City’s Tourism Boom Continues

NYC & Company, the city’s official tourism arm, announced that a record 65.2 million visitors came to NYC last year, the New York Times reports. Most of those visitors came from other parts of the United States, and the largest number of foreigners visited from Great Britain (1.24 million) and China (1.1 million).

That number is a jump from the 62.8 million tourists who came to the city in 2017, and is part of a larger pattern of growth—this is the ...

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NYC: Surge In New Development Filings

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NYC: Surge In New Development Filings

After two years of declining applications following the frenzies of 2014 and 2015, the preliminary numbers for 2018 appear to be signaling a major uptick in activity. Year-over-year filings of new residential units have grown substantially, rising from 9,134 in the first six months of 2017, to 15,305 in 2018 — an increase of 67.5%.

The uptick has been spread through each borough, with all five seeing year-over-year improvements in their DOB new unit counts. The biggest change has been in ...

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