In the News: New Broadway Building

••• On the building slated for 185 Broadway: “The mixed-use building will stand 31 stories with two floors of flagship retail space (it’s unknown who the tenant will be) and three levels of commercial space. There will be around 209 rentals, 70 less than what was originally anticipated, and those units will range in size from studios to three-bedrooms. Thirty percent of the units (around 63 apartments) will be offered as affordable housing.” Could that be LED signage wrapped around the Dey Street subway entrance (which already has its own illuminated signage)? I guess the hope is that it’ll make people actually shop in a brick-and-mortar store. —Curbed

••• Holiday events around the area. —Tribeca Trib and the Broadsheet

••• Michael Cohen, Donald Trump’s former personal lawyer, has rented out the apartment he bought at 111 Murray. —6sqft

••• “Mayor Bill de Blasio on Friday resisted Comptroller Scott Stringer’s vision for revising the Albany-controlled property tax system, and indicated he would look to advance his own ideas when the state Legislature reconvenes in January. Stringer […] called upon the state capital to eliminate the levy on mortgages and rejigger the real property transfer excise to increase with a property’s sale price. The changes would help middle-class and upper-middle-class homeowners, eliminating the advantages of extremely wealthy buyers who purchase real estate with an up-front cash payment. […] But the mayor signaled that he would primarily advocate his own plan for a ‘mansion tax’: a 2.5% surcharge on residential real estate transactions of more than $2 million, with the resulting monies funneled into the construction of new homes for the elderly.” —Crain’s