Lysandra Ohrstrom
Articles by Lysandra Ohrstrom
The Afternoon Wrap: Thursday
6:10 pm
The jewelers of Madison Avenue are taking advantage of the summer heat to relocate, throwing the unofficial retail diamond district between 61st to 65th streets into a tizzy. [Racked]
Here's your chance to vent about the most odiferous spots in the city. [Daily Intelligencer]
It looks like the crew of the upcoming season of Top Chef moved into their new digs in Williamsburg today. [Gothamist]
A British restaurant critic recalls a horrifying trip to Buddakan with Tim Zagat in his new memoir. Let's just say food was not the main item on the agenda. [Gawker]
Community Board 2 and SJP's neighbors have successfully vanquished a pesky SATC tour company from making their usual stop in front of her brownstone on Perry Street. read more »
City Marshals Raid Harlem's Record Shack
2:15 pm
A team of city marshals began removing merchandise from one of Harlem’s most iconic music stores, the Record Shack, before noon today, carrying out eviction orders delivered back in February.
The United House of Prayer for All People, the landlord of the 35-year-old de-facto Harlem landmark, gave Record Shack owner Sikhulu Shange 30 days to vacate the premises across from the official 125th Street landmark the Apollo Theater.
Mr. Shange then lost an appeal in civil court in March, and a judge ordered him to leave the premises “broom clean” by May 31. read more »
Clock Tower to Plaza: Watch Us Get Russians (And Donatella!)
12:50 pm
The Plaza and 15 Central Park West better watch out, because a new ultra-luxe condo is coming to town and its developers are already claiming they will have the edge with an emergent, but increasingly lucrative, segment of the residential market: the Russians.
Earlier this week, Lev Leviev's Africa Israel Investments announced that it had contracted Versace to spearhead the interior redesign of the Clock Tower Building and convert the former MetLife headquarters at 5 Madison Avenue into a 55-unit condo.
Versace, of course, ranks high on the list of residential amenities, but we couldn’t help but feel a brief pang of déjà vu. read more »
The Round-Up: Thursday
8:00 am
A coalition of arts organizations has asked the city for $15 million that would go to so-called culturally specific organizations, serving blacks, Hispanics, Asian-Americans and American Indians. [NY Times]
City Council approved an amendment to zoning regulations to preserve the "low-slung" character of Carroll Gardens. [NY Times]
A nine-block section of Hudson River Park opened to the public on Wednesday after a $16.3 million reconstruction. [NY Times]
Representative Charlie Rangel plans to ask the House ethics committee to examine whether he violated any congressional rules by renting four rent-stabilized apartments. [NY Times]
A former official has filed a $150,000 suit to recoup damages to his apartment from the May 30 crane collapse. read more »
The Afternoon Wrap: Wednesday
Yesterday, 5:25 pm
After almost three decades of hyperbole, Bon Jovi finally got the Parks Department to admit that the capacity of the Great Lawn is not as great as they thought. [NY Times]
Here's a guide to the best black-and-white cookies in the city. [Gridskipper]
In another sign that the Village is not what it once was, President Bush's cousin paid almost $14 million for a townhouse on East 10th Street. [TRD]
"Strong anti-Hispanic and anti-Latino sentiment" pulses through the town of Southampton, the owners of the Hampton Bays Diner charge in a suit. We'd probably classify it as latent. read more »
M.T.A. Pitches 13.4 Percent Fare Hike
Yesterday, 4:40 pm
The M.T.A. did not seem to notice the chorus of boos that erupted across the city from public officials and subway riders alike upon hearing news of a potential 8 percent fare hike next year, because today the agency went even further.
City Room reports that the M.T.A. will also request at its Friday board meeting an additional 5 percent increase to take effect by January 2011 — for a cumulative increase of 13.4 percent over 18 months.
The M.T.A. argues that raising fares is the only way to deal with a projected $900 million budget gap. Though dissenters at the "contentious" meeting today claimed that there's more fat to trim on the M.T.A.'s budget.
Stayed tuned for the outcome on Friday.
Amy Sedaris Stays In West Village, Buys $1.3 M. Co-Op
Yesterday, 4:25 pm
Funny lady Amy Sedaris appears to have an ambivalent relationship with New York City.
On the one hand, she seems to appreciate the little urban conveniences that you can't find anyplace else--for instance, last October, she told The Observer about her "good memories" of getting pot delivered to her house--but will just as quickly complain about the noise pollution from the West Village Halloween Parade.
Back in October, she complained to New York magazine “that the people who we moved [to the city] to get away from are coming here and changing it — and not for the best. read more »
Electeds To Tishman: Set Eviction Rules at Stuy Town, Cooper Village
Yesterday, 8:31 am
On Tuesday afternoon, City Councilman Dan Garodnick called on Stuyvesant Town and Peter Cooper Village landlord Tishman Speyer to pay the legal fees of tenants who are proven to be legitimately occupying rent-stabilized apartments in the complex after contesting non-lease renewal notices from the landlord.
Under the proposal, which was endorsed by Manhattan Borough President Scott Stringer and State Senator Tom Duane at a press conference, Tishman would also agree to a set of ground rules for attempting to evict tenants for allegedly breaking rent-stabilization rules.
“Over the last two years, we have seen an aggressive pursuit of tenants by Tishman Speyer, claiming that people are not using their apartments as their primary residence,” Mr. read more »
The Round-Up: Wednesday
Yesterday, 8:00 am
The MTA's subway fare hike proposal angered passengers and politicians, and some elected officials said they will try to prevent it. [NY Times]
Tishman Speyer's revenues from Stuyvesant Town dropped last year. [NY Times]
Governor Paterson plans to sign a bill into law that will alter the state's program to encourage developers to build on polluted sites, known as brownfields. [NY Times]
To Starbucks, a closing; to Newark, a trauma. [NY Times]
President Bush told a Houston, Texas fundraiser: "Wall Street got drunk." [NY Times]
An increasingly pessimistic state financial monitor warned yesterday that falling tax revenues and increasing expenses are going to produce monumental, higher-than-forecast city budget gaps starting next year. read more »
The Afternoon Wrap: Tuesday
Jul. 22nd, 2008, 6:18 pm
As retail tenants go, we guess a bank makes more sense for 15 Central Park West than a mid-range, mass-market furniture chain and a Best Buy. But City Room tells us the last thing the neighborhood needs is another Chase. [City Room]
According to City Councilman Domenic Recchia, the most recent Coney Island development proposal will turn the amusement park into a year-round playground. [NYDN]
New York City's five Borough Presidents play a largely ceremonial role--for instance, Marty Moskowitz recently declared Ms. Full-Figured USA an asset to Brooklyn--but their cost is anything but symbolic. [NY Post]
The latest super-secret, impossibly-exclusive bar on the Lower East Side, The Eldridge, surely won't remain either for long. read more »
15CPW Alert! Another Penthouse Down
Jul. 22nd, 2008, 12:12 pm
Another one of the most coveted trophy apartments in Manhattan has sold, leaving only three more penthouse units at 15 Central Park West up for grabs--one of which is on the market for nearly three times the price it sold for two months earlier.
A 43rd-floor penthouse has sold for $21.5 million to a buyer listed as 15 CPW Real Estate Holdings LLC, city records show. LLCs have bought five of the six penthouse units sold in the building so far, but in this case the true identity of the new occupant, hidden beneath layers of lawyers, is anyone's guess.
Whoever the mysterious titan is, neighbors will include Sandy and Joan Weil, who paid $42. read more »
The Local: Work Life In Long Island City
Jul. 22nd, 2008, 8:50 am
It’s not every day that you hear New Yorkers complaining about the absence of a Starbucks or a Duane Reade, but the chains that are so often maligned in Manhattan lately are just the type of convenience that people working in Long Island City miss the most.
When Deborah, a Citigroup employee, learned that she was being transferred from Manhattan to Long Island City 10 years ago, she was less than enthusiastic about the move.
“When I first heard I thought, 'Ugh, Long Island City,' because I’d never heard about it,” said during a mid-Monday morning smoke break outside the neighborhood’s first high-rise, high-profile office building, Court Square One. read more »
The Round-Up: Tuesday
Jul. 22nd, 2008, 8:04 am
Subway fares will rise next July if the MTA's plan to close a widening $900 million budget gap is approved by its board. [NY Times]
Subway delays increased 24 percent this year, with the number 4 train performing the worst. [NY Times]
A Carroll Gardens pharmacy has been mysteriously vacant for over a decade while the rest of the neighborhood has been developed. [NY Times]
Over 200 Bronx construction workers will split $1.23 million in back pay as part of a settlement over unpaid overtime. [NY Times]
With travel costs rising, more business meetings go virtual. [NY Times]
A community group has submitted a new $430 million development proposal for a recreational center at Pier 40. read more »
The Afternoon Wrap: Monday
Jul. 21st, 2008, 5:50 pm
Contrary to reports, a remnant of the Bowery's grittier incarnation, the Sunshine Hotel, has been given a stay of execution. [Curbed]
The actress who plays Ugly Betty's prettier sister Hilda, Ana Oritz, is moving to Brooklyn Heights. [Brooklyn Heights Blog]
Uh-oh. Could we have another urban smack-down on our hands? A new survey ranks San Francisco the most walkable city in America, followed by New York City. Are the outer-boroughs really that hilly? [Streets Blog]
Dow Jones has launched a new Luxury Index to track the economy of "Richistan"--that's the name of the metaphorical land inhabited by the super-rich--and it turns out they're hurting too. read more »
The (Big) Round-Up: Monday
Jul. 21st, 2008, 7:28 am
At a busy South Bronx pool, an unlikely man keeps the peace. [NY Times]
Rudin Management's building at 215 East 68th Street is a rent-stabilized haven for public officials past and present. [NY Times]
The man behind the blog parodying life at Stuy Town, "Lux Living," actually lives in Alphabet City. [NY Times]
Lights! Camera! Ca-Ching! New Yorkers can earn between $500 to $10,000 per-day renting their homes as film sets. [NY Times]
The son of legendary Upper East Side baker, Seth Greenberg, works from the kitchen of his home in Scarsdale. [NY Times]
For a brief moment in 1929, the City Bank Farmers Trust Building was to be the second-tallest building in Manhattan after the Empire State Building. read more »
The Afternoon Wrap: Friday
Jul. 18th, 2008, 5:30 pm
The Staten Island-Jersey Shore smackdown intensified yesterday, as the "guidos" and "guidettes" of Staten Island took aim at the uncouth mayor of Belmar. [City Room]
It's been over a week and the iPhone frenzy is still going strong. [Racked]
"Vati-con" (geez, we love New York Post headlines) Rafaello Follieri is cutting a deal that could trim his sentence by three years. [NY Post]
A certain sassy hedge fund honcho has paid $24 million for a condo at the Plaza. [TRD]
Grand Central Station has finally gotten separate women's restrooms. We didn't even know that unisex bathrooms existed outside of David E. read more »
In McCarren Park, A Breakdancing Tradition
Jul. 18th, 2008, 1:35 pm
The southwest corner of McCarren Park has been a meeting place for breakdancers, or “B-Boys” as they call themselves, since long before the gleaming row of luxury condos rose on Bayard Street, and a doggie daycare and organic market followed.
Anywhere from a couple to a couple dozen breakdancers continue to roll out their tarp at least three nights a week on the edge of the track, alongside the postwork joggers, picnickers, and meandering hipsters—and under the gaze of the condo-dwellers above.
They’re a motley crew of 20-somethings from the Bronx and Brooklyn (some went to the same junior high together in Williamsburg); European and Asian exchange students who’ve ventured to the city for a dose of authentic street culture; modern dance instructors who “break” in their spare time or promote competitions, and a few old-timers there to coach the new generation. read more »
The Round-Up: Friday
Jul. 18th, 2008, 7:48 am
Over several months, a 640-ton machine boring a tunnel for Long Island Rail Road trains 19 stories underground has made its way from Second Avenue and 63rd Street to the depths beneath Grand Central Terminal. [NY Times]
The Empire State Development Corporation declared the area of Manhattanville in the footprint of Columbia's expansion blighted, paving the way for the state to use eminent domain to evict the two remaining property owners who have refused to sell to the University. [NY Times]
The Amagansett Farmers' Market has been sold, and Eli Zabar will take the helm. [NY Times]
Starbucks plans to close 10 New York City locations, including six in Manhattan, by mid-2009, leaving only 225. read more »
The Afternoon Wrap: Thursday
Jul. 17th, 2008, 5:47 pm
John Catsimatidis paints a grim picture of what's in store for the city's real estate market (particularly in Brooklyn), but the mayoral hopeful says he's the only man tough enough to see the city through the impending storm. [Brownstoner]
A former real estate heavyweight cashed in his property portfolio to become an old world "Piazzaiolo" in Carroll Gardens. [Business Week via TRD]
Funnyman Billy Crystal has joined the board of the National September 11 Memorial and Museum Foundation to help fundraise. [AP]
Curbed turned us on to this blog chronicling unflattering real estate marketing photos. It should be called how not to sell your house. read more »
St. Vincent's Weighs In: Support For New Hospital 'Universal'
Jul. 17th, 2008, 2:23 pm
St. Vincent’s public affairs office gave us a call about our post on the Landmarks Preservation Commission’s meeting Tuesday on the hospital’s hardship application to demolish the O’Toole building and construct a new, “state-of-the-art” medical facility in its place.
Dr. George Neuman, the interim chief medical officer at St. Vincent Catholic Medical Center, said that “support for the new hospital among the doctors and nurses, maintenance and ancillary staff is universal.”
“The people here want to see a new hospital built,” he said. “When you think about it, who wouldn’t want to work in a new building?"
Dr. read more »
Port Authority Giving It Away At JFK
Jul. 17th, 2008, 1:28 pm
To celebrate the 60th birthday of JFK Airport on July 25, the Port Authority will offer travelers free rides on the airport's monorail system, the AirTrain. A one-way ticket's normally $5.
Release below:
THE PORT AUTHORITY THANKS ITS CUSTOMERS
AS KENNEDY AIRPORT TURNS 60
Travelers Encouraged to Leave Their Cars Home Next Friday
and Take a Free Ride on AirTrain JFK
The Port Authority will provide free AirTrain JFK rides on Friday, July 25, as a thank you to customers who have helped make John F. Kennedy International Airport the country’s premier international gateway, and one of the world’s most venerable aviation facilities. read more »
Former Nigerian President's Son Splits Slope For Upper West Side
Jul. 17th, 2008, 11:20 am
Despite his penchant for political repression and election fraud, former two-term Nigerian President Olu Obasanjo scored points in the West for economic reforms in the oil-rich African country. But Mr. Obasanjo’s hands were by no means clean when he left office in May 2007.
Last March, for instance, Mr. Obasanjo was indicted by the Nigerian parliament for awarding $2.2 billion worth of energy contracts during his eight-year rule, without due process.
His son, Olu Obasanjo Jr., however, seems to have markedly less extravagant tastes and spending habits than his father. He and his wife, Imelse, live in a Park Slope condo at 705 Carroll Street that Mr. read more »
The Round-Up: Thursday
Jul. 17th, 2008, 7:51 am
Merrill Lynch has formally ended talks with the Port Authority and developer Larry Silverstein over moving its headquarter to the new World Trade Center. [NY Times]
Representative Charles B. Rangel's neighbors at Lenox Terrace in Harlem say prominent residents get a better deal then the other rent-stabilized tenants. [NY Times]
Set back from President Street in Carroll Gardens is a small Romanesque Revival building that gets a lot of attention from Brooklynites. [NY Times]
Luxury, bed bug-fighting mattress covers are on the way. [NY Times] read more »
The city unveiled 33 new construction site regulations in response to the Deutsche Bank blaze.
The Afternoon Wrap: Wednesday
Jul. 16th, 2008, 6:00 pm
The Landmarks Preservation Commission designated a West Chelsea Historic District today and deemed a former Staten Island butcher shop worthy of landmark status. [City Room]
Nothing brings out the inner-alcoholic in New Yorkers like a sizzling summer. [NY Times]
Zabar's is opening a branch in the Hamptons. [Gridskipper]
That Catsimatidis lambo? Um, not so fast. [City File mea culpa]
With the Bowery, as we knew it, on its last legs, here's a look at the Lower East Side during its low-rent heyday. [Jeremiah's Vanishing New York]
Ice cream wars rage through Cobble Hill. [NY Sun]
Plaza Watch! Irish Hotelier's Nine Million Lucky Charms
Jul. 16th, 2008, 3:30 pm
The Irish equivalent of the Plaza is the Shelbourne Hotel, give or take a couple hundred condos.
Built in 1824, in a landmark building overlooking a park in the heart of Ireland's capital, the Shelbourne has had a long reign as what The New York Times called "the princess of Dublin hotels." Like the Plaza, the 225-room hotel never lost its cache with tourists, even as more luxurious competitors popped up and service started to decline--in October 2004, an Irish court ruling stripped the Shelbourne of its five-star status, and the hotel decided to become unclassified.
A few months later, Irish oil magnate/hotelier John Sweeney swooped in with a consortium of investors and bought the down-at-the-heels hotel for 120 million Euros and promised to restore it to its former splendor with a 40 million Euro makeover. read more »
One More For Williamsburg! Condo To Rise On North 3rd
Jul. 16th, 2008, 2:00 pm
We’ve been wondering what kind of building would rise from the vacant lot on North 3rd Street between Bedford and Berry since construction began four months ago.
Could it be another luxe-residential complex for priced-out Manhattanites in the heart of Williamsburg hipsterdom?
Apparently, yes.
Though the project has not yet been christened with an appropriately yuppie-kitsch name--like say “Aqua” or “The Edge”--Joe Nicholas, who brokered the $22 million sale through Kalmon Dolgin Realty, confirmed that developer Quadriad Realty LLC is building an 85-unit condo on the 42,000-square-foot lot, boasting the prime Williamsburg addresses of 201 Berry Street and 248 Bedford Avenue. read more »
The Round-Up: Wednesday
Jul. 16th, 2008, 7:46 am
Recent accidents in New York City have cast a spotlight on serious industry flaws in the crane operating industry that have been all but habitual. [NY Times]
As economy heads south, office rents head north. [NY Times]
Susan Sarandon and Tim Robbins joined the chorus of West Village residents opposing the St. Vincent's development plan yesterday. [NY Times]
With limited options to expand, New York City's art services industry that has sprung up in the dark warehouses. [NY Times]
More US homeowners are taking in boarders. [NY Times]
Between the Bricks: A partnership headed by Peter and Anthony Malkin has agreed to pay $9. read more »
The Afternoon Wrap: Tuesday
Jul. 15th, 2008, 5:40 pm
The South Bronx may no longer be burning, but not all the residents have felt the benefits of the much heralded boom supposedly sparked by the neighborhood's transition to "SoBro." [City Room]
Long Island's iconic Pepsi sign is being moved so it won't obstruct the views of luxury condo dwellers. [Curbed]
It looks like Carroll Gardens will not host the new season of The Real World. [TRD] read more »
Electeds Back Demise of O'Toole Building To Make Way For Hospital
Jul. 15th, 2008, 3:55 pm
So long O'Toole building?
A host of elected officials today--City Council Speaker Christine Quinn, Manhattan Borough President Scott Stringer, Senator Thomas K. Duane, and Congressman Jerrold Nadler--gave their blessings to a demolition of the O'Toole building at 12th Street and Seventh Avenue in order to make way for a new St. Vincent's hospital in its place, should the city's Landmarks Preservation Commission find the hospital faces sufficient "hardship."
By issuing statements or speaking at a hearing today, the officials voiced support for Rudin Management's modifications to the original, $1.6 billion proposal, but warned that more revisions responding to community concerns about construction, building height and density, and how to mitigate shadows and traffic cast on the neighborhood, would be needed should the proposal reach the public review phase. read more »
The Local: Mandolin 'Mecca' on Staten Island
Jul. 15th, 2008, 11:10 am
In the spring of 1976, Joni Mitchell trekked out to the North Shore of Staten Island to the Mandolin Brothers, a vintage American guitar dealership that had opened five years earlier and had already become a well-trodden pit stop for musicians, guitar buffs, and fretted-instrument collectors.
Ms. Mitchell bought a 1915 Gibson Mandocello and a Martin herringbone guitar, Mandolin Brothers President Stan Jay recalled on a recent Friday afternoon. On the ferry back to Manhattan, she penned “Song for Sharon,” beginning with the lyrics: “I went to Staten Island, Sharon, to buy myself a mandolin.”
“Something must have set off an autobiographical memory for her so she wrote this highly personal song… which is the story of her life and the story of her friend Sharon’s life, who she knew in Canada,” Mr. read more »
The Round-Up: Tuesday
Jul. 15th, 2008, 5:47 am
Representative Charles Rangel has decided to move his campaign office out of one of the four rent-stabilized units he leases in a Harlem luxury building. [NY Times]
And in Washington, Mr. Rangel is reportedly soliciting donations from corporations with business interests before the House Ways and Means Committee that he chairs to raise $30 million for a new academic center bearing his name. [The Washington Post]
Despite the F.A.A.'s introduction of new flight limits to curb airport delays, things have yet to improve at LaGuardia and Newark Airports. [NY Times]
The Port Authority has appointed a new Ground Zero project consultant with a checkered past. read more »
The Afternoon Wrap: Monday
Jul. 14th, 2008, 5:58 pm
Has French director Michael Gondry settled in East Williamsburg (the neighborhood formerly known as Bushwick)? Peut-être...[Brownstoner]
After the "chupperific" triplex in Julian Schnabel's downtown palazzo languished on the market for months with a $32 million asking price and nary a nibble, a new broker has re-listed the property at $29.5 million. [Curbed]
Of the 50 Starbucks branches across the country slated to close by the end of July, only one is located in the five boroughs. Which one, you ask? Let's just say coffee consumption patterns in Manhattan should remain more or less unchanged. [Crain's]
The usually chatty Mayor Bloomberg remained mute on the scandal over Charles Rangel's rent-stabilized apartments. read more »
Bastille's Back! Gourmands Reclaim July 14 Five Years After 'Freedom Fries'
Jul. 14th, 2008, 4:00 pm
If you missed the barrage of Bastille Day celebrations over the weekend, fear not because there will be ample opportunity for Francophiles and foodies alike to mark the beginning of the end of the ancien regime tonight at the hundreds of brasseries and bistros in the city.
Zagat has a list of some of tonight's culinary-themed festivities, including a DJ, specialty cocktails, and complimentary amuse-bouches at the bar of Alain Ducasse's new bistro Benoit; and the week-long pre-fix menu featuring escargot, duck confit, and crème brûlée at West Village Eatery Le Gigot.
We can't help but remember a time when Bastille Day was less than trés chic. read more »
The (Big) Round-Up: Monday
Jul. 14th, 2008, 7:52 am
New York City has been lying about its age for centuries, charge some historians. [NY Times]
Park Slope residents will welcome the resumption of alternate side parking today. [NY Times]
Yankees fans bid farewell to the best seats not in the house. [NY Times]
The city has refined the formula used to measure poverty to take into account housing, childcare, and clothing costs. [NY Times]
Governors Island is inviting development proposals for an arts and entertainment complex. [NY Times] read more »
Without the promise of hefty bonuses, investment bankers and others on Wall Street have been transformed from aggressive apartment buyers to real estate pariahs.
The Afternoon Wrap: Friday
Jul. 11th, 2008, 4:50 pm
A Korean couple has opened a new pool hall on a strip of Jamaica Avenue in Queens that was once clustered with billiards clubs. But their effort to reclaim the glory days of billiards in Richmond Hill has been thwarted by the State Liquor Authority's refusal to give them a permit to sell alcohol. [City Room]
Columbia has paid almost $7 million for the Nebraska Meat Building on 12th Avenue and 131st Street, in the footprint of the university's controversial expansion. [TRD]
Here's the scoop on tonight's French Revolution-themed protest against the Lower East Side's most maligned landlord. In honor of Bastille Day, demonstrators are encouraged to wear white wigs, wave French flags, and bring along any other pharaphernalia symbolizing the excesses of the ancien regime. read more »
The Round-Up: Friday
Jul. 11th, 2008, 7:33 am
Representative Charles B. Rangel of New York has four rent-stabilized apartments in the Harlem luxury building that is home to a handful of politicians, including Governor Paterson. [NY Times]
A public esplanade will take over two traffic lanes on one of the busiest sections of Broadway in August. [NY Times]
Does the city have too many Starbucks? [NY Times]
The architect of the one-year-old New York Times building, Renzo Piano, said he supports planned alterations to the tower's facade. [NY Times] read more »
Average hourly wages in New York City have risen slower than the minimum wage over the past few years, a new report finds.
The Afternoon Wrap: Thursday
Jul. 10th, 2008, 5:30 pm
To prove that "money does not buy taste nor does it buy common sense," Property Grunt has started a weekly feature "Queens or Scarsdale." See if you can tell where some of these suburban gems are located. [Property Grunt]
The Donald's development partner on the Trump Soho project, the Bayrock Group, has sold the Loehmann's store in Sheepshead Bay to an unknown buyer for $24 million, setting a new neighborhood record. The buyer is rumored to be a "local Russian businessman." [Sheepshead Bites]
A former employee of the city’s housing agency has been arrested for allegedly charging more than a dozen tenants $5,000 to $6,000 each for federally subsidized rent vouchers, and she's not taking the fall alone. read more »
Steve & Barry's Loses Luster, Files For Chapter 11
Jul. 10th, 2008, 12:00 pm
In May, right after the cheap, trendy clothing chain Steve & Barry's announced that they had leased the Soho store that was home to Tower Records for two decades, The New York Times wrote a glowing article about how the company had managed to expand to 276 locations nationwide and strike up partnerships with the likes of Sarah Jessica Parker, yet still charge under $10 for "stylish celebrity-branded clothing."
Co-founders Steve Shore and Barry Prevor were quoted throwing around words like "revolutionary," likening Steve & Barry's to "the Google of Fashion."
Basically, The Times attributed Steve & Barry's success to the "underlying business model that relied on an obsessive attention to costs"--like eschewing advertising, manufacturing overseas, and opening branches in under-performing malls. read more »
The Round-Up: Thursday
Jul. 10th, 2008, 7:30 am
Oil-and-gas billionaire David Koch is donating $100 million to renovate the New York State Theater, which will be renamed for him in the fall. [NY Times]
City Council's Land Use Committee chairwoman and city comptroller candidate, Melinda Katz, is asking to set up an account for next fall’s race so she can keep collecting big donations from the real estate industr before new finance regulations take effect in December. [NY Times]
About 8,000 people have lined up to be embraced by a world-famous, Indian-born hugging prophet in town for a three day tour. [NY Times]
The city will test raising peak parking meter rates in portions of Manhattan and Brooklyn this fall. read more »
Report: Housing Slump To Destroy Household Wealth
Jul. 9th, 2008, 4:34 pm
Even if housing prices stop plummeting and the worst of the crash is now behind us, it has left an “extraordinary destruction of wealth” in its wake, sending the median net worth of American households plummeting across the board next year, according to a study released today (PDF) by the Center for Economic and Policy Research.
Since prices started to drop in mid-2006, each U.S. homeowner has lost $50,000 in real housing wealth; and, even if the market proves to have already bottomed out, the collapse has “eliminated most, if not all, of the gains that families had made in accumulating wealth over the last two decades. read more »
Mango! Iraq Apparently 'Starving' For Spanish Clothier
Jul. 9th, 2008, 1:01 pm
Spain’s skimpy, ubiquitous, mass market clothing chain, Mango, is venturing where no Western retailer has been before--at least since the 2003 war--by opening a branch in Iraq, WWD reported today.
Undaunted by the political instability, sporadic violence, and relatively more modest style of dress that prevails in even the relatively peaceful, liberal Kurdish region of Northern Iraq, Mango’s president of expansion Isak Halfon told Women's Wear Daily that the one million people in the city of Arbil are “starving for something like this.”
Unlike Mango’s Western branches, the Iraqi flagship won’t carry the typical skin-tight, midriff-baring, cleavage-flaunting, provacative attire, but a conservative line designed by Lebanese designer Zuhair Murad, tailored to the Middle East. read more »
The Afternoon Wrap: Thursday
Jun. 26th, 2008, 5:10 pm
CBS debuts its new documentary tonight, "Untold Wealth: The Rise of the Superrich," giving viewers a glimpse into the relative deprivation experienced by the elite. [Wealth Report]
The company that manufactures the screens in 13,000 New York City cabs is adding entertainment content from two new entertainment sites. God forbid you should be deprived the latest up-to-the-minute report on Brangelina's trip to the market. [City Room]
The new venture from the owners of the Bowery Hotel is charging $100 per night for a 50-square-foot room (with flat screen T.V. of course). [NY Times]
Curbed readers' reactions to the $15 million Waterfalls exhibit today varied from "This is the Shiznitz" to "This is the stupidest thing I've ever seen. read more »
Malcolm Gladwell Buys Second West Village Apartment for $1.5 M.
Jun. 26th, 2008, 3:00 pm
What better place to track the habits of tastemakers and trendsetters than the West Village, a neighborhood filled with lithe fashionistas and their imitators, big-spending bankers, all sorts of retail, and quaint real estate that is well beyond the price range of average folks.
It's only natural then that a New Yorker scribe who catapulted to fame with a book on the dynamics of trends would choose to live there. And after the book spends 28 weeks on the best-seller lists and you start making the rounds of the business/marketing conference circuit, doing about 25 speaking engagements a year at $40,000 a pop, like Tipping Point author Malcolm Gladwell, then it's only fitting that you'd buy a second place in the West Village. read more »
Economakis-East Village Fight Gets Nastier
Jun. 26th, 2008, 1:04 pm
The aggrieved rent-stabilized tenants of 47 East 3rd Street are not giving up their fight against landlord Alistair Economakis, whose efforts since 2003 to convert his East Village building into a grand mansion for his family continue to be stymied by nine pesky renters who won't budge.
Earlier this month, in the third appeal since Mr. Economakis first began mass eviction proceedings five-a-half-years ago, the state's highest court sent the case back to housing court and a final verdict could be two years away. Under the owner occupancy clause of the rent law, the Economakis family still needs to prove to the court that they really plan to convert their 60-room, 11,575-square-foot East Village tenement into a single-family residence--tenants fear that their real agenda is to charge market-rate rents. read more »
The Round-Up: Thursday
Jun. 26th, 2008, 8:19 am
La Guardia Airport launched a new screening system today that asks travelers to choose a line based on their familiarity with checkpoint procedures. [NY Times]
As the city battles thousands of ground zero workers over their health claims in federal court, New York State is making more 9/11 workers eligible for health care benefits. [NY Times]
Bed, Bath, and Beyond posted better-than-expected quarterly profits on Wednesday as sales rose 6 percent. [NY Times]
Shopping mixed with farewell at a memorial/open house at the home of William and Pat Buckley. [NY Times]
When submitting an application to a co-op board, most buyers know they are going to get investigated, but few realize how extensive the inquiry can be. read more »
The Afternoon Wrap: Wednesday
Jun. 25th, 2008, 4:41 pm
The city unveiled the final design for the first phase of the High Line today. [CityRoom]
American Airlines is doing its first test flight with wireless broadband service from JFK to LAX today. [Boing Boing]
Oprah is giving a Harlem senior center a $100,000 makeover. [Uptown Flavor]
Spa 88, the Russian restaurant and bathhouse on Fulton Street, is throwing another Bana party this Friday night. A $40 cover gets you free drinks all night served by 'Bare-tenders.' Birthday suits are encouraged. [Grub Street]
Cobble Hill and Carroll Gardens residents lash out at the Ikea buses taking over their neighborhood streets. [Curbed]
Tomorrow you can start making reservations for the next New York City Restaurant Week. [Gothamist]
Furniture from the iconic, but decidedly non-hip incarnation of San Domenico hits the auction block today. [TRD]
Model Mogul Paolo Zampolli Sells Gramercy Penthouse for $3.1 M.
Jun. 25th, 2008, 3:30 pm
























