In the News: Broadway Reconstruction Nightmare

••• Udi Erez, head of the Elad Group, gives the New York Times an update on 250 West: “We’re left with 21 units out of 106. The beginning of October, we are starting the occupancy. Lately we’ve increased the price again—almost five or six times since we started. We started at less than $1,500, on average, per square foot. And now it’s more than $1,500. Of course some units are much more. So I believe the people who bought at the beginning already made a lot of money.”

••• And here’s more info on the Broadway reconstruction project: “A $48 million water main project is coming to a busy Downtown stretch of Broadway starting early next year. [It] will last four years, will affect eight blocks of the thoroughfare between Ann and Rector streets.” —DNAinfo

••• “Morton’s The Steakhouse has signed a lease at 140 Washington St., which is in the base of the World Center Hotel at 130 Cedar Street, right opposite the World Trade Center. The duplex space will have 2,125 square feet on the ground floor and 7,675 square feet in the lower level.” —New York Post

••• The New York Times discovers that Everyman Espresso opened on W. Broadway, just above Canal. Anyway, there’s more about the company.

••• “It looks like Mike Novogratz has caught the family bug for buying real estate. The Fortress Investment Group principal and wife Suki have snapped up yet another condo at 110 Hudson Street, according to city records.  And they already own four units in the building!” —New York Observer

••• “It has cost much more and taken far longer than expected, but as the structural form of the World Trade Center Transportation Hub”—boy, that needs a new name—”by Santiago Calatrava begins to emerge, it’s clear that New York and New Jersey will get some serious architecture for all that time and money.” The photos don’t quite bear that out (just yet), but the renderings are fun to look at. —New York Times

••• “The proposed renovation/modernization by BKSK Architects of the 104-106 South Street buildings to include new windows, sloped green roofs (read: insulating grasses planted on the top of the buildings), and the addition of storefront infill and canopies was met with a lukewarm reception at the Landmarks Preservation Commission yesterday. […] The LPC has yet to vote on the restoration, so the buildings will have to wait a little longer to (perhaps!) go green.” —Curbed


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