In the News: Meg Ryan Bought in Tribeca

••• “West Thames Pedestrian Bridge to Be Named in Honor of Downtown’s Recently Departed Civic Champion, Robert Douglass.” —Broadsheet

••• “Police are looking for a man they said randomly assaulted an elderly woman in Tribeca on Sunday. The 84-year-old woman was walking near White Street and Broadway at about 6 p.m. when the man put his hand on her face and pushed her to the ground.” —DNAinfo

••• “Jamestown Properties is working to secure $145 million to refinance a Tribeca apartment building developed with tax-exempt funds as a way to revitalize Lower Manhattan in the wake of the 9/11 terror attacks. In exchange for the bond-backed funding, the Midtown-based landlord is agreeing to extend the affordable-housing component at 88 Leonard Street for another eight years, an application with the state department of Homes and Community Renewal shows.” —Real Deal

••• “When New York City took over ferry routes along the East River, using a new fleet of small boats, and lowering the fares, officials anticipated that weekend demand might be higher in the summer. But the city underestimated just how much demand would outstrip supply, forcing it to charter two extra boats—each capable of carrying 400 people—to handle summer weekend crowds, at a cost of $485,000 for the summer, or about $60,000 per weekend.” —New York Times

••• “A Georgia-based architect says the ​prominent architectural firm behind One World Trade Center ripped off a design he created as a graduate student​ ​in 1999.” —New York Post

••• Meg Ryan reportedly bought at 443 Greenwich. —Curbed

1 Comment

  1. “In exchange, the developer set aside 18 units, five percent of the project, as affordable housing.”

    I wonder how much interest they stand to save on $145 million by offering to forego the likely small increase to free market rent on 18 studio apartments for 8 years in a building 94% occupied (or over 11 months per apartment per year).

    By likely small increase, here is a recent listing showing the *stabilized* rent for a studio apartment is nearly $2,400 on the 1st floor (and likely higher on higher floors .) Not very “affordable.”

    “This pad expired on 6/6/17.
    […]
    $2,381
    No longer available
    studio1 bath 490 sqft
    88 Leonard Street #1AB
    Manhattan, NY 10013
    Condo
    Description
    Wait-list is currently open for our Liberty Bond program. These are rent stabilized, discounted studio apartments for qualifying household. This is a special program, and the ON-SITE RENTAL OFFICE IS NOT INVOLVED IN THE LEASING OF THESE UNITS.

    Studio Bedroom Apartment
    The rent for a one or two year lease is $2381. The minimum income is $75,350 maximum income is $95,250. *These income limits are subject to change”

    hotpads.com/88-leonard-st-new-york-ny-10013-ske9qu/1ab/pad