NEW: Neighborhood Descriptions

August 17th, 2010

Check out the new addition to the Meier Group library at:

http://www.meiergroupnyc.com/library_documents/files/Neighborhood_Descriptions.pdf

Let Us Know What You Think!

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East River Esplanade Completion Day Anytime Soon?

July 20th, 2010

Alex Ulam of The Architect’s Newspaper writes:

Midtown East is home to the United Nations and to some of the ritziest real estate in Manhattan. But by some measures, it is also one of the borough’s most unattractive locations. The neighborhood district can claim the least amount of public open space in Manhattan, and is cut off from its waterfront by ramp spaghetti from the FDR Drive.

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East Side elected officials and community leaders have been brainstorming for years over how to close a 24-block gap here in a potential East River Esplanade stretching from the Battery to Harlem. In 2007, the Municipal Art Society convened a charrette in which stakeholders and design professionals hammered out a bold vision for a new deck over the FDR Drive that connected via a slope to a new waterfront esplanade.

But now, what has been touted as a once-in-a-lifetime planning opportunity could be in danger of expiring. The immediate threat to any plan for closing the gap in the esplanade is the potential removal of a row of caissons in the East River.

The caissons served as supports for a temporary roadway that the New York State Department of Transportation built while they were working on the FDR Drive several years ago. Planners say the caissons potentially could be repurposed to serve as supports for a section of the waterfront esplanade that would stretch from about East 53rd Street to about East 62nd Street. Reusing the caissons could save $20 million to $25 million toward the cost of building this section. However, citing environmental concerns, the New York State Department of Environmental Conservation (DEC), which has oversight of the caissons, wants the city to either move forward on a plan for the East River Esplanade or remove them.

The caissons are just one of the many hurdles to closing the gap in the esplanade. Financing the missing link could cost up to $200 million in a complex real estate deal that would radically reshape the Midtown East neighborhood.

NY Harbor Parks describes the park in detail:

The East River Esplanade is a two-mile-long, public open space connecting the Whitehall Ferry Terminal and Peter Minuit Plaza in the south to East River Park in the north. In the coming years, as part of the continuing effort by the City of New York to revitalize Lower Manhattan, new sections of the esplanade will be built and several piers will be renovated. The park will improve waterfront access, enhance pedestrian connectivity, and create amenities for public use and enjoyment. The new esplanade is expected to contribute to an improved quality of life for local residents, workers and visitors.

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Portions of the esplanade are currently open to the public, including the South Street Seaport [link to destination page], a major dining and retail destination at Fulton Street and Pier 17, and the Battery Maritime Building, the ferry departure hub for Governors Island (link to Governors Island). Construction on the remainder of the esplanade is set to begin in Fall 2008 and be completed by 2010.

When completed, the Esplanade will include:

  • Open space amenities for communities currently underserved by the City’s parks
  • Basic infrastructure improvements to support new waterfront and community activities
  • Piers 15, 35, 42 designed for public use
  • Space under the FDR Drive for community, cultural, and limited commercial development
  • Recreation access to the area around the Battery Maritime Building
  • Continuous bikeway/walkway along the waterfront connecting to the Manhattan Greenway

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The NY Public Library Schwarzman Building: A Unique History

July 19th, 2010

New York Public Library writes:

In addition to collecting the rare as well as the commonplace, it has, since the very beginning, acquired materials often regarded as controversial or even offensive by some. For instance, during the height of McCarthyism in the late 1940s, it actively acquired materials from the Left and the Right, despite the objections of government and citizens’ patriotic groups.

New York Public Library

The ways in which the resources of the Stephen A. Schwarzman Building have been used are as diverse as the collections themselves. To cite but a few examples:

  • During World War II, Allied military intelligence used the Map Division for research on the coastlines of countries in the theater of combat.
  • Television and print journalists first consulted the Slavic and Baltic Division when covering the changing political structure of the former Soviet Union.
  • Authors of countless literary and nonfiction books cite the Library as a major resource in their work.
  • Newly arrived immigrants as well as descendants of the Founding Fathers have reconstructed family histories and located long-lost relatives through records in the Milstein Division of U.S. History, Local History and Genealogy.

The origins of this institution date back to the time when New York was emerging as one of the world’s most important cities. By the second half of the 19th century, New York had already surpassed Paris in population and was quickly catching up with London, the world’s most populous city. Fortunately, this burgeoning and somewhat brash metropolis counted among its citizens men who foresaw that if New York was indeed to become one of the world’s great centers of urban culture, it must also have a great library.

The site chosen for the home of the new Public Library was the Croton Reservoir, a popular strolling place that occupied a two-block section of Fifth Avenue between 40th and 42nd Streets. Dr. John Shaw Billings, one of the most brilliant librarians of his day, was named director.

Billings knew exactly what he wanted. His design, briefly sketched on a scrap of paper, became the early blueprint for the majestic structure that has become the landmark building, known for the lions without and the learning within. Billings’s plan called for an enormous reading room topping seven floors of stacks and the most rapid delivery system in the world to get the Library’s resources as swiftly as possible into the hands of those who requested them.

More than one million books were set in place for the official dedication of the Library on May 23, 1911 – 16 years to the day since the historic agreement creating the Astor, Lenox, and Tilden Foundations had been signed. The ceremony was presided over by President William Howard Taft and was attended by Governor John Alden Dix and Mayor William J. Gaynor.NewYorkPublicLibrary

The following morning, New York’s very public Public Library officially opened its doors. The response was overwhelming. Between 30,000 and 50,000 visitors streamed through the building the first day it was open. One of the very first items called for was N. IA. Grot’s Nravstvennye idealy nashego vremeni (Ethical Ideas of Our Time) a study of Friedrich Nietzsche and Leo Tolstoi. The reader filed his slip at 9:08 a.m. and received his book six minutes later!

Almost overnight, The New York Public Library became a vital part of the intellectual fabric of American life. Among its earliest beneficiaries were recently arrived immigrants, for whom the Library provided contact with the literature and history of their new country as well as the heritage that these people brought with them.

Today, the library  on Fifth Avenue at 42nd Street is to be renamed for the Wall Street financier Stephen A. Schwarzman, who has agreed to jump-start a $1 billion expansion of the library system with a guaranteed $100 million of his own. The project is set to be complete in 2014.

Interesting Facts:

  • In 1926, the Library boasted six former Olympic athletes on its staff (four Americans and two Danes): a hurdler, three high jumpers, one broad jumper, a mountain climber, an oarsman/canoeist, and a discus thrower.
  • The winter of 1929-30 was the most active period in the Library’s history. It was not uncommon for there to be 800 to 1,000 people in the Main Reading Room, a “standing room only” capacity. The single busiest day in the Main Reading Room was December 30, 1929, when 8,939 books were requested.
  • After Pearl Harbor was attacked, the most valuable volumes and manuscripts at the Library were moved to bank vaults around New York City. 12,000 items from the collection, valued at that time at $10 million, were temporarily moved to a secret location 250 miles away.

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Best Business Bar in NYC

July 13th, 2010

Gilt

From Ross McCammon, The Entrepreneur:

New York: Gilt

In a city with 16 million eyes–and ears–hotel bars are the savviest places to meet in Manhattan for a drink and a deal. You get private-club service with no Page Six attention (unless you want it). And while the usual suspects, such as the Four Seasons and the King Cole Room in the St. Regis, will always have their fans, the smart money lately is being spent at the Palace Hotel in Midtown.

The subtly neon-lighted bar at Gilt, the hotel’s Michelin two-star restaurant, exudes downtown energy and uptown sophistication. “Gossip Girl” has filmed there, and this year’s East Coast Oscar party was staged there, so the crowd has a properly starry mix of youth and gravitas. Plus the hotel itself attracts an elegant international clientele (no tripping over wheelie bags if you enter through the lobby).

The designers retained the room’s late-1800s detailing, with a vaulted ceiling multiple stories up, but added the perfect oval bar to maximize people-watching. Tables line the walls and fill a second room; all can be reserved.

The noise level is perfect: You can hear your guest, your neighbors can’t hear you. Drink prices are steep but not horrifying ($17 for a glass of Arneis). And the liquid menu is minimalist, with no futzy cocktails, so you can get right down to business. –Regina Schrambling

TIP: To really dazzle a client, enter the bar through the lobby but head straight to the courtyard. This summer, for the second year, drinks will be served al fresco, with a view toward St. Patrick’s Cathedral. No bar in Midtown can rival it.

GO: Gilt, 455 Madison Ave. (at 50th Street), New York. (212) 891-8100

To View Other Business Bars across the country:

http://www.entrepreneur.com/magazine/entrepreneur/2010/july/207194-2.html#

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Battery Park City: Urban Experiment

July 12th, 2010

Crystal Proenza of The Cooperator reports:

Recent History, thft1t1nb1hz_00046[1]e Only History

Named for the historic park on its southernmost tip, Battery Park City did not exist 50 years ago. Indeed, it’s hard to imagine that this 92-acre plot of land wasn’t even imagined until the 1960s. Separated from downtown Manhattan by West Street, Battery Park City is a ‘planned community’ owned and managed by the Battery Park City Authority (BPCA), a public-benefit corporation created by New York State.

According to The Battery Conservancy website, Battery Park itself got its name in 1623 when the early Dutch settlers landed and the first ‘battery’ of cannons was erected to defend the city. In the 1800s, the park served as a welcoming center for immigrants before Ellis Island was established. It is now known as Historic Battery Park.

The area now known as Battery Park City was once filled with busy piers as part of the Port of New York. When the rise of air travel made the port obsolete, the piers were abandoned and began to deteriorate.

In 1966 Governor Nelson Rockefeller announced a plan he created with private firms for a landfill to revive the area. In 1968, the New York State Legislature created the Battery Park City Authority to oversee development of the area into a mixed-use residential and commercial neighborhood with public park space. The dilapidated piers left by the Port of New York were demolished and land was created using clean fill from excavation of the World Trade Center site, among other places.

Construction on the first residential building, the 1,712-unit Gateway Plaza, began in 1980. The World Financial Center then began construction in 1981.

Green – from Grass to Buildings

There probably isn’t a neighborhood any more “green” than Battery Park City. Each of the beautiful and well-maintained parks is watched over by the Battery Park City Conservancy, a private non-profit organization, and provide serene getaways from city living. The riverside community not only includes 35 acres of open space and parkland, but is also a leader in the environmental “green” movement. It makes sense—after all, the entire community was literally built from renewed land excavated from the Hudson River and the building of the World Trade Center.

Five years after creating guidelines for bigger apartments, “The Authority adopted another policy that required developers to build environmentally-sustainable apartments,” says Gill. These green guidelines addressed five major areas of environmental concern: enhanced indoor air quality; water conservation and purification; energy efficiency; recycling construction waste and the use of recycled building materials; and commissioning to ensure building performance.

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Now, the Battery Park City neighborhood leads the way in renewable energy standards. Many of its buildings have been LEED certified. The Leadership in Energy and Environmental Design (LEED) program is a nationally accepted rating system created by the United States Green Building Council. In 2003 the first sustainable residential building in the U.S. was developed in Battery Park City: The Solaire at 20 River Terrace. The Visionaire, which uses an intricate water filtration system for toilets, has a green roof and gets 35 percent of its electricity from renewable energy sources, is the only residential building in the country to earn the LEED platinum rating. Tribeca Green, a 24-story residential tower at 325 North End Avenue, is rated gold. Riverhouse is a gold-certified building that uses a geothermal well to heat and cool the common areas, and features solar panels, microturbines and insulated windows.

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In Vogue

June 8th, 2010

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Jennifer Gould Kiel of the New York Post Reports:

Lower Fifth may soon be turning into Fashion Row. Valentino and his longtime partner Giancarlo Giammetti were spotted checking out the $12 million cupola penthouse at 141 Fifth Ave. The 3,200-square-foot, three-level condo features two bedrooms (including a master suite at the very top), 3½ bathrooms and a custom chef’s kitchen, along with 10½-foot ceilings, oversized windows and several private terraces.

They’d be joining Halston CEO Bonnie Takhar, who recently closed on a two-bedroom apartment in the building for $3.1 million. The conversion of 141 Fifth Ave. maintained its ornate 1897 signatures, including original terra cotta detailing and curved plate-glass storefronts. The penthouse’s broker, Emily Beare of CORE, declined to comment.

One for the money

Moneyman Gizman Abbas, a partner at Apollo Global Management, was the first to close on a $3.6 million triplex “townhome” at the 21-unit Fairchild, at 55 Vestry St. Two other units in the TriBeCa building closed yesterday for $5.9 million; another buyer in finance will be combining both units. Thirteen more apartments totaling more than $40 million in sales are expected to close between now and the end of June.

Abbas’ unit, which has a street entrance, boasts 22-foot ceilings on the first and second levels, arched windows, a chef’s kitchen and a 648-square-foot private terrace.

The Fairchild’s listing broker, Raphael De Niro of Prudential Douglas Elliman, had no comment.

Sand storm

After a $26 million renovation, the Panoramic View Resort & Residences is off and running: Five buyers have closed on condops on the 11-acre, 20-unit oceanfront property in Montauk. The one- to five-bedroom residences measure 1,200 to 4,500 square feet and are on the market for $2 million to $6 million.

They come with use of a concierge, umbrella and towel service at the pool and beach, maid service and even someone to prestock your fridge. (There’s also a business center, gym and on-call massage therapists and fitness trainers.) Units that sold include a $1.87 million one-bedroom, a $2.85 million three-bedroom and a $4.1 million four-bedroom.

Full Article New York Post

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If You Don’t Buy a House Now, You’re Stupid or Broke

April 29th, 2010

1207_chart6 months later, did BusinessWeek get it right? Hmm…

Marc Roth of Bloomberg Businespes Week Reports:

Well, you may not be stupid or broke. Maybe you already have a house and you don’t want to move. Or maybe you’re a Trappist monk and have forsworn all earthly possessions. Or whatever. But if you want to buy a house, now is the time, and if you don’t act soon, you will regret it. Here’s why: historically low interest rates.

As of today, the average 30-year fixed-rate loan with no points or fees is around 5%. That, as the graph above—which you can find on Mortgage-X.com—shows, is the lowest the rate has been in nearly 40 years.

In fact, rates are so well below historic averages that it should make all current and prospective homeowners take notice of this once-in-a-lifetime opportunity.

And it is exactly that, based on what the graph shows us. Let’s look at the point on the far left.

In 1970 the rate was approximately 7.25%. After hovering there for a couple of years, it began a trend upward, landing near 10% in late 1973. It settled at 8.5% to 9% from 1974 to the end of 1976. After the rise to 10%, that probably seemed O.K. to most home buyers.

But they weren’t happy soon thereafter. From 1977 to 1981, a period of only 60 months, the 30-year fixed rate climbed to 18%.

Full Article – Bloomberg BusinessWeek

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Clash of the Bearded Ones

April 29th, 2010
Photo-illustration by Peter Rad

Photo-illustration by Peter Rad

Michael Idov of New York Magazine:

On a windy Monday night, Pete’s Candy Store—a bar in Williamsburg with a railcar-shaped performance space in the back—is crammed to capacity with the thin and the bearded. Almost no one is drinking. The mood is pregame, expectant and nervous. We’re at one of the oddest New York City powwows in recent memory: a panel designed to quell a metastasizing dispute between bicyclists and Hasidic Jews. Except no Hasids are present. For a moment, it looks like the bicyclists will have to debate themselves.

At immediate issue is the Bedford Avenue bike lane. It’s the longest in Brooklyn and runs through every imaginable ethnic enclave—including the South Williamsburg redoubt of the Satmars, the ultra-Orthodox Hasidic Jewish sect. In December, after many complaints from the Satmars about “scantily clad” female riders, the city sandblasted off a small stretch of the lane; some enterprising bikers painted it back in protest; the city then painted over the unauthorized paint job. Now two activists are up on criminal-mischief charges, the lane is gone, and the two groups are glowering at each other with even less empathy than usual. Worse yet, each group finds itself standing in for a larger one in a larger fight: the Satmars for all Orthodox Jews and the bikers for all young secular Williamsburgers, i.e. hipsters.

Full Article in New York Magazine

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World’s tallest building debuts in Dubai

January 5th, 2010

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The tallest building in the world, the Burj Dubai, formally opened earlier today, with questions abounding over how viable it is for the times. The structure is the size of approximately two Empire State Buildings stacked on top of one another, as CNBC reported, measuring approximately 2,700 feet from base to tip. The mixed-use building, which opened 1,325 days after construction first began, was designed by Chicago-based firm Skidmore, Owings & Merrill, and is intended largely for residential use. While experts worry over how the structure will attract enough tenants, early reports say that approximately 90 percent of the building has been pre-sold to home buyers. Developer Emaar Properties said that the cost of the tower was approximately $1.5 billion.

Full Story – Real Deal

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live like a Rockefeller, party like a rock star

December 23rd, 2009

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Natasa Vojnovic bought a one-bedroom, two-bath condo at 115 Fourth Ave. in the East Village from Tara Everston for $995,000 on Oct. 23.

Unit #5E is one of the 70 in the eight-story Petersfield condominiums, built in 1905.

Vojnovic is a Serbian-born fashion model who has worked for name brands such as Chanel, Calvin Klein, Gucci and Yves Saint Laurent. She also appeared in the 2004 music video for the Lenny Kravitz song “Where Are We Runnin?”

Full Story – Blockshopper

If you want to live in this building, we’ve got you covered! We just listed 3b, and it is still available!

Full Listing – 115 4th Ave, 3b

Check out our Union Square Loft collection – meiergroupnyc.com

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