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SOMA Newark

After A Decade of Failures, Newark’s New Construction Boom Finally Takes Off

8:00 am on August 17, 2018 By Jacob Felson

Until 2017, residential development in downtown Newark was largely a figment of developers’ imaginations. Over the decade prior, proposals were ambitious but financing was scarce. The one project that had gained financing, Eleven80, a rehabilitation-and-reuse of a long dormant former office building, had gone into foreclosure in 2009, reemerging several years later as a diamond in the rough, Downtown’s lone successful project. Meanwhile, supporting retail was extremely limited.

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The Walt Disney Company Sets Eyes on 4 Hudson Square, Lower Manhattan

7:30 am on July 11, 2018 By Michael Young

The Walt Disney Company’s chairman and CEO Robert A. Iger has announced the company’s future New York headquarters will encompass a full city block bounded by Hudson Street, Varick Street, Vandam and Spring Street, in Hudson Square. Rev. Dr. Willaim Lupher of Trinity Church sold the air rights, with the help of CBRE, allowing Disney to develop and take ownership of 4 Hudson Square for 99 years, at a cost of $650 million.

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80 Flatbush Avenue, rendering courtesy Alloy Development

Brooklyn NIMBYs Remove Online Poll After Broad Public Support Confirmed for Schools and Housing at 80 Flatbush Avenue

8:00 am on April 23, 2018 By Nikolai Fedak

New York’s NIMBYs rarely choose battles worth fighting, needlessly and maliciously bogging down the process of new development in many of the city’s neighborhoods. But one of the more vindictive melees now taking place is being fought over 80 Flatbush Avenue, a pair of mixed-use buildings that would add substantially to Brooklyn’s housing stock, promising 900 new apartments, office space, retail and cultural amenities, and two schools totaling 700 seats. After launching a website, NIMBYs opposing the project have doubled down on their regressive bottom line, deleting a poll they themselves had created, after a 3:1 voting margin in favor of the proposal threatened to undermine a message without merit.

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Central Park's rolling 15-year median snowfall

Why New York City’s Rapidly Rising Snowfall Totals Are No Holiday Miracle

8:00 am on December 29, 2017 By Nikolai Fedak

When “White Christmas” was written in 1942, Irving Berlin had good reason to yearn for the snows “just like the ones [he] used to know.” Measurements of the white stuff in Manhattan had been slumping since the late 1800s, with the 15-year rolling median of 35.5 inches from 1884 falling to a mere 15.6 inches by the year of the song’s release, and then plunging further, to only 13.4 inches in 1998-99. What has followed is nothing short of a holiday miracle: in the subsequent eighteen years, snowfall has increased in an unprecedented fashion across much of the Northeastern seaboard, with the rolling median at Central Park now reaching 40 inches. With New York City’s median recent snowfalls tripling in a matter of two decades and surpassing totals at the end of the Little Ice Age at the same time that temperatures have continued to warm, it is time for the city’s inhabitants to ask why exactly this is happening, and consider the practical implications that a rapidly-shifting climate will have on real estate.

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As 2017 Election Begins, New York’s NIMBY Politicians Threaten City’s Future

8:00 am on November 7, 2017 By Nikolai Fedak

New York City has a problem. As local politicians have consolidated their grip on power over the past several decades, many have become increasingly prone to serving specific groups of constituents instead of overarching ideals, noble, or otherwise. The Five Boroughs are no stranger to this kind of issue, with periods of historical stagnancy well-documented. But with electoral participation at staggeringly delegitimizing lows, local leaders like Gale Brewer will easily cruise to re-election. Amidst a backdrop of surging NIMBYism that is now more than glad to co-opt the tactics of Fake News, the outlook for the next few years on election day is rather bleak, as the politics of New York’s inward-looking regressive leaders will put up far greater barriers to entry than any potential wall along the Mexican border.

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