East Village, Williamsburg Welcome New Boutique Hotels
NOVEMBER 22, 2011
Sales listings break neighborhood records; Balasz to open Standard Hotel East Village; new Atlantic Yards plans include tallest modular residence; why 
NYC is such a sweet deal for foreign buyers.
Sales listings in a few of the city’s newest hot neighborhoods are hitting all-time highs; this East Harlem townhouse just hit the market for $2 million (CurbedNY), Red Hook residential sales hit a high point recently when a house in the ‘hood sold for $1.56 million (CurbedNY), and this two-family townhouse in Clinton Hill just changed hands for a record-for-the-area $2.16 mil (TRD).
The Cooper Square Hotel will soon be reborn as the newest member of André Balasz’s Standard Hotel empire in the East Village. The new hotel will join the buzz-magnet boutique hotel/nightclub chain as The Standard, East Village. The celebrity hotelier acquired the hotel for $90 million; remodeling of the planned 145-room hotel will happen over the next year (via Curbed NY). Not to be outdone by its older sibling, the hip burg across the river just got its first boutique hotel: The Hotel Williamsburg just opened on North 12th street (Brooklyn Paper).
Big reveal alert: Behold the newest set of renderings for the planned Atlantic Yards mega-development, including a rental tower—currently known as B2, which will be built using modular construction. Upon completion it will be the world’s tallest modular building. Curbed provides a nice walk-through of the project’s storied history including its succession of chosen—and fallen—starchitects.
The Real Deal takes an insightful look at why foreign real estate buyers choose New York City and which nations have recently emerged as top buyers of the city’s high-profile properties.
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