••• “Is Tribeca the New Upper East Side?” asks the Observer. Probably. But there are still important distinctions, according to one new resident: “Downtown, the moms are running around in Lululemon, and uptown the moms are running around in Chanel.”

••• “The February 5 meeting of the School Overcrowding Task Force, a joint panel convened by elected officials representing Lower Manhattan, was the forum for discussing some good news and some bad news. On the positive side, this session marked the opening of a dialog with City officials about expanding plans for the recently announced new elementary school (to be located on Greenwich Street, in the Financial District) from its initial size of 476 seats. But this was balanced by sobering news: Even this new school will leave Lower Manhattan hundreds of seats short of the school capacity it already needs.” —Broadsheet

••• “Construction and engineering company AECOM, along with design firm Dewberry, were selected by the city on Wednesday to design a sprawling series of resiliency measures aimed at protecting lower Manhattan from future flooding and rising sea levels.” —Crain’s

••• “The City Planning Commission has just approved the transfer of thousands of square feet of air rights from an adjacent lot to 80 South Street [….] Since the lots were acquired by the U.S. subsidiary of the Chinese investment company China Oceanwide Holdings in August 2015 from the Howard Hughes Corporation, 426,940 square feet of air rights have been transferred to the lot. Early rumors surrounding the site speculated that the developer was planning a supertall tower.” The preliminary sketch below shows how it’ll fit right in. —Curbed