The developers of Park51, a proposed Muslim community center and mosque near Ground Zero have "embraced what they call a slower, more deliberate and more realistic approach to the project, acknowledging it will take years of hard work to determine what kind of facilities Muslim and non-Muslim visitors want and need, to raise money, and to build public support," according to an article by Anne Barnard in the August 2, 2011 edition of The New York Times.
The owner of the 42-story residential condominium on the west side of Eighth Avenue between 47th and 48th Streets, 785 Partners LLC, has filed for bankruptcy protection, according to an article by Tiffany Kary and Dawn McCarty yesterday at bloomberg.com.
The article said the company listed both assets and debt of $100 million to $500 million in Chapter 11 documents filed yesterday in U.S. Bankruptcy Court in Manhattan.
A report by the Empire Center for New York State Policy released yesterday said that New York State lost a net 1.6 million residents to other states between 2000 and 2010, according to 2010 Census data.
The study, written by E. J. McMahon and Robert Scardamalia, noted that "the domestic migration outflow, coupled with a slowdown in foreign immigration, ensured that New York's share of the nation's population continued to slide in the first decade of the 21st century."
The center is a research arm of the Manhattan Institute.
The Solomon R. Guggenheim Foundation and the BMW Group opened today BMW Guggenheim Lab in a vacant lot at Houston Street and Second Avenue.
The "mobile laboratory" was designed by Momoyo Kaijima and Yoshiharu Tsukamoto of Atelier Bow-Wow of Tokyo and and its graphic identity created by Sulki & Min of Seoul and it will host numerous events over a ten-week period from workshops to lectures to film screenings on the theme of how to reconceptualize what it means to live well in a city, according to an article yesterday at gothamist.com by Melanie Jane Parker.
Community Board 3 approved last week a last-minute amendment in support of two proposed historic districts in the East Village that would ask the Landmarks Preservation commission to work with individual religious institutions to resolve concerns about designation, according to an article by Lesley Sussman in the July 28-August 3, 2011 edition of The Villager.
The proposal was divided into two motions with a 23-9 vote last Tuesday in favor of the broader Second Ave.-to-Tompkins Square Park district, and unanimous support for the Tenth street district between Avenues A and B, the article said.
The Landmarks Preservation Commission today approved unanimously the restoration of the Edward and Theresa O'Toole building on the west side of Seventh Avenue between 12th and 13th Streets by the North Shore/LIJ hospital to permit Rudin Management to residentially redevelopment much of the former St. Vincent's Hospital properties across the avenue, according to an article today by Matt Chaban at observer.com.
Saudi Arabia's Kingdom Holding Co., run by billionaire Prince Alwaleed bin Talal, said today its associate firm, Jeddah Economic Co., had signed a $1.23 billion deal with the Bin Laden Group to build the world's tallest tower in Jeddah, according to an article today by Summer Said at wsj.com.
The planned tower, which will soar about 3,281 feet, will include a hotel, serviced apartments, luxury condominiums and offices and will occupy an area of 5.38 million square feet, Kingdom Holding said in a statement on the Saudi bourse website.
The office of U. S. Attorney Preet Bharara in New York announced yesterday that Micah Meyers, the former manager of Bridgewater Funding, a New York-based mortgage brokerage firm, was sentenced to 60 months in prison after pleading guilty to his role in a sub-prime mortgage scheme involving residential mortgages totaling more than $10 million, according to a article in today's edition of therealdeal.com by Katherine Clarke.
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