Tag: Featured

So Long, Solaire

At the June 18 meeting of the Housing Subcommittee of Community Board 1(CB1), chairman Tom Goodkind announced that, “there’s another condominium conversion happening in Battery Park City. The Solaire building, which is rent-stabilized, has filed with the Attorney General’s office.” This was a reference to the apartment tower located at 20 River Terrace (near Murray Street),...
The Solaire, built as a rental apartment tower (with 293 units) in 2003, received a State-financed mortgage of $165 million, plus millions more in annual tax abatements, in exchange for affordability protections, primarily in the form of rent stabilization. But now the building's owners have taken the first steps to convert it into a condominium, which may raise questions about ongoing affordability for the building's rental tenants.

Alluvial March of Days

The River Project, a highly regarded, Lower Manhattan-based non-profit that aims to protect and restore the ecosystem of the Hudson River Estuarythrough scientific research and education programs, will hold a Summer Cruise fundraiser this evening aboard the Hornblower Hybrid, a floating events venue and excursion yacht that is based at Pier 40. The event comes...

An Undercoat for the Overpass

The Battery Park City Authority is repainting the Tribeca Bridge, which crosses West Street near Chambers Street, at a cost of $2.2 million. At the agency’s June 19 board meeting, BPCA vice president for real property Gwen Dawson explained, “the bridge was built in 1992 and has not been repainted since then. It’s now over...
The Tribeca Bridge, which passes over West Street, near its intersection with Chambers Street, will soon get its first fresh coat of paint - at a cost of $2.2 million -- since the structure was opened, in 1992.

Call It ‘Decongestion Pricing’

Seen from Lower Manhattan, the Verrazano Bridge is a necklace of lights twinkling on the horizon, eight miles away. But a new analysis of traffic patterns concludes that charging tolls in both directions on that span — instead of levying motorists only as they enter Staten Island, but not as they leave — would divert...

Duty Is In the Eye of the Beholden

A new analysis of the highest property taxes in America finds that five buildings in Lower Manhattan are among the 100 highest levied in the nation, and contribute a combined total of more than $100 million in tax revenue. The report, by real estate blog CommercialCafe.com, finds that Downtown property with the greatest tax burden is...
390 Greenwich Street: Annual taxes of $23.8 million