Financial District Fulton Street Transit Station: A worthy bet?

When the MTA first decided to construct a new financial district Fulton Street station, few realized that this include 5 levels of commercial space for an intended, 300,000 customers daily. However, many today wonder how much merit was deserved by this $1.4...

Financial District Condo developments on the rise

Incredible loft spaces, ritzy apartments, sleepy sidewalks, and cobble stone streets: those are all associated with the Financial District (Fidi). But modern, tall, and imposing rectangular structures known in New York City as “condos”? Never....

FiDi’s 48 Wall Street at 90% Occupancy

The revival of Downtown Manhattan is slowly pickup up pace, as symbolized by 48 Wall Street. This week, Swig Equities, owner of 48 Wall Street, announced that it has managed to bring occupancy up to 90%. Many of the signed tenants of 48 Wall Street are...

2011 New York City Vacancy Drives up Manhattan Rent

In 2009, Jimmy McMillan’s ever so famous line, “the rent is too damn high,” became not only a youtube favorite but a summary of how many Manhattan residents feel today. This sentiment is, however, likely to spread as new figures reported by Robert...

MTA’s New York Subway Fulton Street Station goes Private

This week, the Metropolitan Transit Authority announced that the Fulton Street Transit Center will be leased out to one single private management company who will manage the anticipated retail space in the Fulton Street transit Center.  According to a Wall...

New York Rental Apartment Stock Sparse

According to a recent New York Times article by Jake Mooney, New York rental apartment stock is looking rather sparse for apartment hunters searching for their ideal space this coming fall. While sales are still in abundance for those looking to buy,...