All Things New York City

Posts by opNYCmin

Top NYC Urban Real Estate Developers

By on Mar 29, 2017 in Business, Real Estate

New York City has some of the world’s most valuable real estate. It is also home to some of the most innovative real estate developers. These developers are constantly in the process of transforming the housing and commercial stock in the city. There are several very experienced and creative urban real estate developers that are always in the process of designing and building new and better places for people to live and do business. In total, developers created more than 440 residential projects covering 64 million square feet and providing 47,285 units between 2011 and 2015. Even celebrities like Alex Rodriguez, George Clooney, David Robinson and Leonardo Dicaprio are involved in developing real estate in New York City. However, the following companies are considered some of city’s top developers of urban real estate. Related Companies is among the biggest landlords in New York City. Their projects have put them in control of in excess of 5.8 million square feet of property in some of the city’s hottest neighborhoods. They are currently in the midst of arguably the country’s largest development. The massive 17.4 million square foot Hudson Yards project. It includes five offices towers, 5,000 residential units and lots of retail space. Extell Development is another of the major players involved in real estate development in New York City. Led by Gary Barnett, the company is already responsible for developing more than 4.5 million square feet of Manhattan real estate. They have put up 12 buildings that combined have produced 2,249 housing units. The Chetrit Group is another of the big dogs in Manhattan real estate development. By many people’s reckoning they are the third largest developer of real estate in New York City. Currently they have completed 10 buildings. These properties provide more than 2.96 million square feet of residential real estate that is broken up into 1,097 residential units. The company is also very active in Brooklyn. There development work there covers 1.6 million square feet which offers 1,421 residential units. HFZ Capital is another of the major real estate development companies that are involved in a significant amount of large projects in New York City. The company is responsible for 2.69 million square feet of residential...

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Top NYC Developers Discuss Future Real Estate Development

By on Nov 28, 2016 in Uncategorized

The Upper East Side has been the standard by which luxury real estate the world over has been measured for decades. Famous residents including Joe Sitt, Michael Bloomberg and a who’s-who list of high finance and Broadway icons have flocked to its singular surroundings. As renowned (and expensive) as the Upper East Side is, its glory days are far from behind it. In fact some developers are betting huge on its continued growth and appreciation. Arthur and William Zuckerdorf are two developers who see a bright future for the hollowed borough. The brothers, grandsons of famous developer William Zuckerdorf Sr., have developed over four billion dollars’ worth of property in recent decades through their firm Webb and Knapp. Much of it has been on the Upper East Side. Until recently their flagship development was the stunning limestone high-rise at 15 Central Park West. Tastefully post-modern with strong Art Nouveau echoes of the surrounding legacy structures, the imposing complex quickly sold out. It set sales records in the process. From there the prolific brothers trained their talents on an even larger project. 520 Park Avenue will be an 800 foot residential megalith with 54 stories. This masterpiece of post modernity gives a conspicuous nod to the neo-classicism of the 20’s and 30’s, making a splendid capstone for the surrounding neighborhood. Again the building has exceeded sales expectations, selling clean out well before completion. Smart money continues sinking both fortunes and steel into the Upper East Side. This is a market with real, continuing upside. Travelling across town to the banks of the Hudson, seasoned developer Ziel Feldman labors on his innovative if less spectacular 505 West 19th st in the up-and-coming Chelsea neighborhood. Feldman is a veteran player in the Manhattan real estate game and sees a bright future for those willing to bet on NYC. The formerly downtrodden neighborhood has seen a resurgence of late, driven mainly by young professionals seeking out an active urban lifestyle. Feldman has also lately noticed a surprising influx of young families who can’t resist the ease and excitement of living and working in the city. This is a new demographic phenomenon and Feldman’s company, HFZ Capital Group, among other developers have taken note...

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10 Fun Facts About ESRT

By on Oct 28, 2016 in Uncategorized

The Empire State Building ESRT is an iconic building that remains one of the most popular and memorable in the greatest city in the world. Here are 10 of the wildest and interesting facts about it. It Was Built Quickly The Empire State Building was built in just over a year and a month. At 1,250 feet, this is an average of 100 constructed feet of building monthly or three feet daily. There’s A Reason It Was Built So Fast Its builders were in a race to construct the world’s tallest building and wanted to build an impressive monument that would set them ahead in the race for good. It’s Still Heavily Visited The Empire State Building attracts around four million visitors every year. Its 86th and 102nd floors remain highly popular destinations. Smile For The Camera! You’ve probably seen quite a few pictures of the Empire State Building over the years, but a study in 2011 found that it was the most photographed building in the world. What A View From the top observation deck, you can see five state: New York, Pennsylvania, Connecticut, Massachusetts, and New Jersey. Talk about sight seeing! Rest Your Dirigible Here The 17-story spire on top of the building wasn’t just added for decoration: it was supposed to be an anchor and passenger gate for dirigibles (hot air crafts), a plan that never reached fruition. King Kong Once Climbed It In Real Life King Kong’s iconic climb of the Empire State Building was memorialized in 1983 when an 84-foot tall inflatable version was attached to the building. Sadly, multiple problems doomed the project to survive only a few days. Get On Your Running Shoes Every year, runners race up the building’s 1,576 steps to the 86th floor. Though just over half a mile, the incline and climb make this race one of the toughest in the world. Remains An Important And Heavily Populated Building Dozens of businesses have come and gone in the Empire State Building, so many that it actually has its own zip code: 10118. All of these fun facts make the Empire State Building one of the coolest places to visit when in New York City. Make sure to put...

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Up That Curb Appeal for a Quicker Sale

By on Sep 26, 2016 in Real Estate

Most people would never think of going to a job interview without fixing their hair, taking a bath and looking their absolute best, because they realize that prospective employers form a first impression before they even ask the first question. That same principle applies when someone comes to look at a home to buy. Therefore, homeowners need to create curb appeal attracting the attention of potential buyers. According to Than Merrill of Fortunebuilders, a real estate wealth building company out of San Diego, “Curb appeal has one purpose: to convince buyers that the home is worth going inside.” Which is why you want to have the exterior of your house look its best so that it is inviting. You would never go to a job interview without taking a bath. Yet, many homeowners neglect cleaning the outside of their homes when trying to sell them. Start by looking at the roof to discover if there are areas of mold or missing shingles. If you find any problems, then take care of them immediately. Keep working your way down the house’s structure, cleaning and repairing those items that you have neglected. Remove any clutter that has accumulated. Now, get in your car and drive by the house from both directions seeing what you have missed up close but is highly visible from the road. If you are going to a group interview, you want to write your name in large legible letters on your name tag. The same principle applies to house numbers. Replace the house numbers on your house with shiny new ones that match the style of the home. During the interview, you want your personality to show through to the employer. Make your home’s personality blossom by adding a whimsical mailbox either attached to the house or near the street. While this unique feature does not cost much, it can help your home stand out from the crowd. And one of the most important steps while working outside is to make sure that your lawn looks its best. A few days of watering may pay rich dividends. Plant some beautiful flowers in boxes to add a splash of color increasing your home’s curb appeal. Just doing these...

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NYC’s Most Famous Skyscrapers and The History Behind them

By on Sep 19, 2016 in Uncategorized

Skyscrapers started appearing in large cities during the late 1800s and throughout the 1900s. In fact, some cities competed with each other to construct the world’s tallest building. New York City is known for its iconic skyscrapers and unmistakable skyline. There are several famous NYC skyscrapers that should not be missed. One World Trade Center After the terrorist attacks of September 11, 2001 President George W. Bush, Mayor Rudy Giuliani, and Governor George Pataki vowed to rebuild the World Trade Center. The result is the One World Trade Center which is the tallest skyscraper in the Western Hemisphere clocking in at 1,776 feet. The height of 1,776 feet is no accident; it symbolizes the founding year of the United States. President Barack Obama paid a visit to the site and wrote this passage on a steel beam: “We remember, we rebuild, we come back stronger!” Empire State Building The Empire State Building was the tallest building a in the world from 1931 until 1970 when the North Tower of the original World Trade Center was completed. Owned by the Empire State Realty Trust, the Empire State Building has 102 stories and is 1,454 feet high. The American Society of Civil Engineers included the building in its Seven Wonders of the Modern World. It is a New York City Landmark and became a National Historic Landmark in 1986. Officially the building opened on May 1, 1931 when President Herbert Hoover turned on the lights. Famous visitors include Queen Elizabeth, Tom Cruise, Ronald McDonald, KISS, and Lassie. Presidential hopeful Senator Marco Rubio proposed to his wife Jeanette atop the building on Valentine’s Day in 1997. Chrysler Building The Chrysler Building is another well-known skyscraper in New York. It opened in May 1930 as the tallest building in the world at 1,046 ft. This title lasted less than a year when the Empire State Building was completed in April 1931. The structure is well known for its Art Deco architecture which includes ornate radiating arches and gargoyles at the corners. The Chrysler Building became a National Historic Landmark as well as a New York City Landmark in 1976 and 1978, respectively. The building is primarily office space so there is no access...

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