NYC Real Estate Roundup

FEBRUARY 28, 2012

FiDi: The new Park Slope?
Not only is the Financial District showing a prevalence of strollers, but a recent report by the city’s Department of Health and Mental 15 Broad Street condos for sale Hygiene shows that the area south of Canal Street has the highest birth rate in Manhattan. Conversions with larger apartments, such as the three- and four-bedroom condos for sale at Downtown by Starck at 15 Broad Street (shown), are attracting families with kids, who also like FiDi’s other attributes like parks, playgrounds, waterfront views, and good subway access (NYPost).

Brooklyn plays catch-up on large apartments.
Offering fewer multi-bedroom apartments and square feet, some Brooklyn neighborhoods are frustrating buyers who want more space. Larger apartments--with 1500+ square feet—make up only 13% of the inventory in Williamsburg and 7% in downtown Brooklyn, compared to 65% of Upper West Side apartments. Recognizing these trends, some developers are making changes: At 144 North Eighth Street in Williamsburg, layouts were altered on the top four floors to create three-bedroom units (WSJ).

Starchitects find a new way to shine.
The Wall Street Journal notes the rise in famous-name architects designing New York City apartment buildings rather than corporate megatowers. The big-named designs add cachet and create instant recognition to projects like Jean Nouvel’s 100 11th Avenue and Annabelle Selldorf’s 200 11th Avenue, among others (WSJ).

Greenwich Village votes no on NYU sprawl.
Community Board 2 voted down NYU’s 20-year real estate expansion plan. Next step: review by the borough president and City Council (The Real Deal).

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NYC Real Estate Roundup

FEBRUARY 28, 2012

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