Latest New School Construction Update

Next week (November 7 to November 11), DOT approved street connections to underground utilities on Fifth Avenue and 13th street will continue. Superstructure work will continue at cellar, 1st, and 2nd floor levels. A sidewalk shed will be erected around the perimeter of the site.

The following week (November 14 to November 18), we will continue superstructure concrete and slabs. Street utility connection work will continue. A street crane will be moved into position on 13th street to place structural steel in the building.

This weekend the site will be open on Saturday, November 5th for superstructure related activities between the work hours of 9AM and 5PM as permitted by the City. To control noise levels within the site, work activities will be limited to the placement of formwork, plumbing and electrical work, and rebar for concrete placement and use of the crane and equipment to support all activities.

Everything, including all those candles, is on deep discount, so hurry in.

The Feil Organization announced Maison Kayser will bring its artisanal breads and baked goods to Union Square, signing a 15-year lease at the historic 841 Broadway for its eighth location in Manhattan.

The bakery will occupy 3,000 sq. ft. on the ground and mezzanine floors of the 108,000 sq. ft., eight-level Romanesque building, where COSI used to be.

“The activity in and around Union Square is buzzing, and the demand for this location was extraordinary, allowing us to maximize the income,” states Nicolas Forelli, director of leasing for The Feil Organization.  “While we were marketing this location, we had an overwhelming response from every food concept you can imagine. With its reputation for quality and unique product for this market, Maison Kayser was the best fit for the building and neighborhood.”

Built in 1894, the Romanesque building is located at the intersection of 13th Street just one block from Union Square Park. In the past year, Feil completely renovated the building, restoring the terracotta façade, creating a brass-accented lobby, and installing new elevators and windows.

Comparing 3rd quarter 2007 to 3rd quarter 2008, real estate prices around here have actually done pretty well, according to the Times.

Neighborhoods that experienced price drops include the Lower East Side and the East Village, where median prices fell 5.5 percent; and Carnegie Hill, where co-op prices decreased 7.2 percent. Median prices in Hamilton Heights and Morningside Heights dropped 30 percent, with sales decreasing to only 19 from 67 in 2007. In Washington Heights, median prices went down 6.3 percent, but the number of sales increased to 24 from 18 in 2007.

The neighborhoods that fared the best through the third quarter included Fifth Avenue and Park Avenue from 59th to 96th Streets, where median prices went up 35 percent. In Lincoln Square, an area between 57th and 72nd Streets from Central Park West to the Hudson River that is home to high-priced apartments in 15 Central Park West and the Time Warner Center, median co-op prices went up 18.6 percent and median condo prices went up 25 percent. Prices also rose in Lenox Hill, where median co-op prices went up 19 percent; and Chelsea, where median co-op and condo prices went up about 6 percent.

Other neighborhoods that experienced increases include Greenwich Village, where median prices for co-ops went up 3.9 percent; Union Square and the Gramercy area, where co-op prices went up 3.3 percent and condo prices went up 2.6 percent; and the Upper East Side, where median co-op prices went up 2.3 percent and condo prices went up 9.1 percent.

13th St.’s historical Erskine Press building will be the home to some kind of new restaurant called Chard pretty soon. No details, but it seems Asian.

The annual sharehoilders’ meeting will take place on Thursday, October 26th, 2023 at 7:00pm and will be held via Zoom conference call; both audio and video options are available. Please see your e-mail for log in instructions or contact Richard Cacciato, rcacciato@akam.com, if you need the instructions.