Over the next few weeks, colleges across the country will begin graduating a new class, sending thousands of young people into the job market. In years past, many freshly minted college graduates have flocked to New York City, and shortly after realizing they can’t afford Manhattan, end up in the outer boroughs– Brooklyn, Queens, and […]
A twelve story tower planned for the western end of the downtown has been shortened to 7 stories. The Bates Project was originally to break ground in the spring last year, but never did. The original renderings showed a low base with a slender tower. The new rendering available from Mushroom Development now shows a […]
The folks over at UnderDevelopment.tv compiled video footage relating to the rise and fall of the Powerhouse Arts District, including clips from the council meeting creating the district and the meeting that effectively eliminated it.
Back in January, Roseland properties wanted to alter the terms of their 2006 abatement, from a 20 year program to 10. The developer was having trouble securing financing for the project even though they essentially broke ground last May. The council rejected the changes in January. The 47 story project includes about 520 rental apartments; […]
Curbed mentions a bit in the Sun about the fate of the World Trade Center PATH station. Last week, the director of the Port Authority resigned. He was closely linked to sex-o-holic Spitzer, and newly minted Governor Paterson supposedly forced him out. Paterson’s new choice might take this opportunity to scrap plans to build a […]
Once again, the Port Authority has scaled back plans for the Calatrava designed World Trade Center PATH station, once promised as a grand entry point to lower Manhattan. The Times says the new plans will cut corners on the interior spaces, relying more on the temporary station’s internal spaces and tracks while using cheaper columns […]
The Real Deal is pointing out an increase in office vacancies downtown, all while asking prices on leases grow. For months the downtown office market had been tightening. By February, occupancy rates surpassed midtown for the first time since 2001, leading us to speculate the tightening market could lead to new office construction along Jersey […]
Last month’s bump in tolls saw a dramatic decline in traffic, according to the Times. The 2.9% drop in traffic was far greater than the expected 2.3% drop, and occurred faster. Thats more than 10,000 fewer vehicles crossing the river. The toll hike increased the six dollar toll to eight, and eliminated the discount for […]
The Port Authority’s SmartCards aren’t too popular, according to the Jersey Journal. The discount offered by the cards is simply not enough to entice riders into signing up, and many riders still prefer the universal pay-per-ride Metro Card. One day in the Utopian future, the SmartCards will be universal on the MTA, NJ Transit, and […]
Politicians in New York State’s legislature have killed congestion pricing for New York City, reports the NY Times, Gothamist. By not acting today, Albany has given up New York City’s chance at $350 million in federal grants, assuring the money will be distributed elsewhere. Congestion pricing, the $8 fee to enter Manhattan’s business districts would […]
