Results tagged “developer”

Another attempt to get New Yorkers across the Hudson! One company is claiming there's a "Mass Exodus to New Jersey Underway" in their new web ad. Headlines on their fake newspaper warn of tax increases in NYC, saying, "Your governor is trying to tell you something: Leave." But where should you go? A Jersey City residential and commercial development, of course — located on the same plot of land that, in the early 1980s, New York City officials described as a "toxic waste dump." [via CityRoom]

The Bloomberg administration made another offer to developer Joe Sitt yesterday to buy roughly 10 acres of Boardwalk property, which the city would like to designate park land for an amusement district. Negotiations between Sitt and city officials have been stalled since November, when the developer shrugged off a $110 million offer; it's believed Sitt spent some $93 million acquiring the land, and hopes to flip it for twice that. So you can imagine how he responded to yesterday's $105 million offer, which was less than what the city previously floated, and based on declining land prices in Brooklyn. Speaking to City Room, Sitt's lawyer sarcastically remarked, "We won’t talk to them until they come down to $100 million."

The cast iron facades, high ceilings, and wide-open floor plans that made the neighborhood so desirable as a place for artists, and later well-heeled residents, are rooted in SoHo's industrial past. It was a neighborhood of factories and manufacturing. That era has passed, however, and after more than a century in business, John De Lorenzo and Bro., Iron and Sheet Metal Contractor closed their shop this week. It will be converted to a building housing luxury condos.

As rescuers pick through the rubble of buildings crushed and damaged by a crane collapse in midtown Manhattan yesterday, real estate developer James Kennelly was familiar with the scene because he served 13 years with the FDNY, where he had been assigned to Ladder 16 in Manhattan on East 67th St.