In the News: Christmas Trees Are More Expensive This Year

••• Christmas tree sellers say that trees are more expensive this year because of a tree shortage: Soho Trees, the company behind the stand at Washington Market Park, “charges $150 for a premium 6- to 7-foot Fraser fir or Canadian balsam, up from about $130 three years ago.” (Not sure that Whole Foods is suffering from this problem.) Also, rents remain high; Soho Trees pays around $40,000 for that location. —Wall Street Journal

••• Tribeca Trib on how P.S. 150 was saved from a move: “A call from Mayor Bill de Blasio to Steve Roth, chairman and CEO of the real estate giant Vornado Realty Trust, halted the school’s eviction next year from its Greenwich Street home in Independence Plaza, owned by Vornado and Stellar Management.”

••• From an article about how high-end real estate is a buyer’s market these days: “At 100 Barclay, an Art Deco condo conversion in Tribeca, where sales began in 2015 and where the developer is still unloading new units, [broker Robert] Dankner is listing a three-bedroom resale for $4.09 million. His clients, who bought the apartment in 2017 for $4.35 million, will be taking a loss at that price, but they have agreed to Mr. Dankner’s strategy, because they are competing with similar but more expensive new units in the same building, not to mention the broader market. ‘You have to be nimble enough, and eat some humble pie,’ said Mr. Dankner, who first listed the unit in September for $4.65 million, and has since dropped the price four times, by increments of 3 to 4 percent. He said he was confident they would have a deal in the next few weeks.” —New York Times

••• The “Fearless Girl” sculpture is now in front of the New York Stock Exchange. —Curbed

••• City Land recaps last month’s City Planing Commission discussion about a two-story topper at 51 White, the building directly to the east of Tribeca Synagogue. “The addition will not be visible from the street,” says the article, but I don’t see how that’s possible. Anyway, “the wall [abutting Tribeca Synagogue] will be covered in a light stucco that will ‘accentuate’ the curve of the synagogue and that the team would work with the synagogue to ‘make it beautiful.'”

 

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