Tag: Featured

Taking Down the Ritz

The company that owns the hotel portion of the Ritz-Carlton building in southern Battery Park City has apparently decided to strip the luxury brand name from its hostelry, as part of its ongoing campaign to shut down the lodging facility and convert it to condominium apartments. The 38-story Ritz-Carlton building at the foot of Battery...
The Ritz Carlton in Battery Park City

Reflections on the Day

Circa 1975, a elderly piano teacher on Long Island was trying to guide a not-very-talented pupil, on the cusp of adolescence, through the Largo of Dvorak’s New World Symphony. The teacher, who had been a displaced person and refugee during World War Two, had seen and endured unspeakable things before coming to America. Although she...

Bubble? What Bubble?

The latest metrics about the cost of housing in Lower Manhattan contain some good news and some bad news — depending on whether you rent or own your apartment, and whether you live here now, or are hoping to move here. A summary of third-quarter activity compiled by PropertyShark, a real estate web site and...
the Flatiron District, where the median sales price has more than doubled since the third quarter of 2016, to $4.39 million.

Full Ahead

The decade-long effort to refurbish the historic Battery Maritime Building may soon resume, after years of inaction. The City’s Economic Development Corporation (EDC) — the agency that negotiates strategic partnerships designed to harness private-sector resources to public projects, and thus foster economic growth — has announced that a partnership between builder Centaur Properties and hospitality...
An architect's rendering of the new plan for the Battery Maritime Building, which the City's Economic Development Corporation has been seeking to restore for more than a decade, and is now slated to open in mid-2019.

Endangered Sanctuary

Saint Joseph Chapel, the Catholic church located in Gateway Plaza since 1983, is slated to close in January, according to an announcement from the parish leadership that was circulated among congregants on Thursday morning. A letter signed by pastor Jarlath Quinn said, “the difficult decision to end the lease was made, following careful discussion and...

The Smart Money

One of Battery Park City’s most eclectic apartments is for sale. The penthouse at 380 Rector Place is owned by by Isaac Gindi, the son of the late Samuel “Sonny” Gindi, who founded the Century 21 discount department store chain in 1961. The younger Mr. Gindi and his brother, Eddie, now own Century 21. Since...
The outdoor deck of the penthouse at 380 Rector (which measures more than 2,500 square feet) contains slightly space than the interior of the apartment.