Visions of Union Square from Before You Were Born

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.

Imagine a 538-foot tall condo at 5 West 13th St., and imagine it holding just 36 units (three units less than our co-op). Well, it’s very likely to happen.

New to the ‘hood: Ichiba Ramen, at the site of the former Jamba Juice, University Place right near 14th St.

Next week (December 12 to December 16), DOT approved street connections to underground utilities on Fifth Avenue have been completed. Superstructure work will continue at 1st and 2nd floor levels. Sidewalk sheds will continue being erected around the perimeter of the site. The roof protection at USC Condo courtyard will be started this week as well.

The following week (December 19 to December 23), we will continue superstructure concrete and slabs on 1st and 2nd floor levels.

This weekend the site will be open on Saturday, December 3rd for superstructure related activities between the work hours of 7AM 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, rebar for concrete placement and use of the crane and equipment to support all activities. Safety horns are used, and required by law, to coordinate lifting with the crane and to alert the workers of the danger overhead. We have directed the operators to limit the use of horns to one short sounding and to use the crane later in the day so as to avoid any excess noise.

Here’s a look at the current state of All’Onda, the long-awaited, much anticipated Northern Italian restaurant from former Ai Fiori chef Chris Jaeckle and the legendary Chris Cannon.