In the News: Toni Morrison

Toni Morrison••• “Nobel Prize-winning author Toni Morrison has just bought a stunning three-bedroom, three-bath condo in Tribeca’s Textile Building at 66 Leonard for $3.8 million.” Hope she has enough left over to buy the second half of that necklace. —New York Post

••• “Two years after a deal that saved many of them hundreds of millions of dollars in ground rent payments, a newly expanded group of Battery Park City condominium owners is now calling on the Battery Park City Authority to negotiate amendments for all of their leases, seeking further stability for the future. The B.P.C. Homeowners Coalition, after voting at a Jan. 14 meeting, has announced that it now represents all 17 condo buildings in the area, rather than just the original 11 that were part of the 2011 agreement with the state agency.” —Downtown Express

••• The New York Times‘s column about “The Hunt” profiles Brad Chatellier and Talitha Fehr, who ended up in FiDi. “In many parts of town, like Tribeca, their money didn’t go far. Places were small and unrenovated, with inadequate layouts. ‘It was amazing how little you could get, unless you went to the far fringes of the neighborhood,’ Ms. Fehr said.”

••• On the Gowanus area of Brooklyn: “‘We’re going to see a lot of bigger development,’ says Michel Cohen, a neighborhood resident and small-time investor. The founder of Tribeca Pediatrics, Cohen moved to Gowanus four years ago, drawn, he says, by the area’s diversity and abundant (by Gotham standards, anyway) light and open space. Cohen owns four properties in the neighborhood, including a three-story townhouse at 463 Carroll St. that he has put on the market for $2.65 million.” —New York Post

••• “The price tag on an ambitious signal improvement on the PATH rail system linking New York and New Jersey is poised to rise, even as the system prepares to shut down its link to lower Manhattan for 45 weekends over the coming year. The shutdowns—between the Exchange Place station in Jersey City and the World Trade Center—are scheduled to begin Feb. 14 and continue on most weekends during 2014.” —Wall Street Journal


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