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In South Williamsburg, along a stretch of Bedford Avenue, Pabsky Group has been purchasing multiple parcels, which it is considering turning into the developer’s first hotel project in the area, according to The Real Deal’s sources.
Isaac Rabinowitz and Simon Dushinsky head the development firm that has recently gone through a zoning lot merger and acquired development rights for a project at 359-365 Bedford Avenue, between South 4th and 5th streets.
TRD reports, “The developer is still weighing whether to develop the site as hotel or residential, or to add to the site with more acquisitions, sources said. Given the development rights and the properties Rabsky now owns, zoning on the site allows for more than 44,000 buildable square feet
Despite only being 20 feet wide and 137 feet long, an alleyway known as Great Jones Alley, located between Bond and West 3rd Street in New York City is setting off a $10 million real estate turf war. One of the two aggrieved combatants are a new Noho Condo named 1 Great Jones Alley, with a penthouse that was recently bought for $30 million. The other aggrieved party is a 22-unit, co-op building boutique located at 684 Broadway, where residents may enjoy floor-to-ceiling windows and lofts with
Whether New Yorkers love or hate all the tourists in the city, one thing is for sure, tourism is a great thing for the city’s economy. For the first time in seven years, experts are predicting a decrease in tourists visiting New York City this year. 300,000 less foreign tourists are expected to visit the city in 2017, which will be a loss of around $600,000 million in sales for the city.
What is to blame for the decline? Apparently, our new President Donald Trump.
Chief Executive of NYC &
Russian billionaire Roman Abramovich and his wife Dasha Zhukova will spend the summer relishing in a piece of American history. As per The Real Deal, the couple has rented the childhood home of Jackie Kennedy Onassis, as their summer home. The price paid for rent for the season is undisclosed. The 11-acre property, known as Lasata, on Further Lane in posh East Hampton is listed for sale at $51.99 million, by Corcoran’s Susan Breitenbach and Brown Harris Stevens’ Peter Turino. The home is
WeWork plans to expand its famed co-working offices into France. In April, it will open a 130,000-square-foot space, at 33 Rue la Fayette, in the heart of Paris. The Art Deco building is off the Grands Boulevards, with a central atrium, multiple outdoor terraces and views of St. Georges and Pigalle. The private offices start at 890 Euros per month and ‘Hot Desks’ are 450 Euros and up. At the current exchange rate, that is the equivalent of $945 and $477 respectively per month.
In May 2016