NYU files plans for new 588K sf building at 181 Mercer Street

New York University filed plans Monday for a new, nearly 600,000-square-foot building as part of the proposed expansion of its Greenwich Village campus. The new 23-story, 588,000-square-foot multi-purpose building at 181 Mercer Street will house the NYU’s athletics center and a performing arts facility, as well as classrooms, dorms and common areas, according to documents[…]

Developers target “naturally occurring” affordable housing

Developers are setting their sights on unsubsidized housing, which has long been an affordable housing policy “blind spot.” There are 5.6 million inexpensive market-rate units in the United States, according to CoStar Group data cited by Bloomberg. These types of apartments are not subsidized by the government, but remain affordable to working-class tenants because of[…]

Nicola Bulgari accuses Barbizon Hotel board of “abuse” for making him wait on condo renovation

Billionaire jeweler Nicola Bulgari wants his luxury duplex right now, but the mean condo board says he has to wait. Bulgari is suing the Barbizon Hotel for “abuse” because he has to wait to combine his penthouse with another unit, the New York Post reported. The building at 140 East 63rd Street is undergoing a condo conversion,[…]

Gowanus warehouses to become 200K sf office project

Developer Industrie Capital Partners plans to turn three warehouses in Gowanus into a 200,000-square-foot mixed-use office project. Industrie, led by Eli Hamway, is redeveloping three adjacent buildings at 94 Ninth Street, 75 10th Street and 98 Ninth Street into office space, the Wall Street Journal reported. The developer plans to dedicate roughly 20,000 square feet[…]