William Beaver House, located at 15 William Street, is undergoing major changes. First, Rose Associates, the building’s property manager and leasing agent, will no longer continue representing the building. According to The Real Deal, the leasing responsibility has been taken over by Matthew Van Damm of Town Residential, while Cooper Square Realty will assume management of the property.
Good news for all 2 Gold Street tenants. The management of the building has updated its schedule for the re-opening and says that the building will be ready to be re-occupied on or before February 15, 2003. That’s exactly two weeks earlier than planned, provided that the Department of Buildings gives it a green sticker.
A parking garage in lower Manhattan locked its doors without warning just before Hurricane Sandy hit, preventing customers from retrieving their cars and fleeing. A class action lawsuit for unspecified damages is now underway against the garage.
Hurricane Sandy, the most devastating storm in history to hit Manhattan, and the largest Atlantic hurricane in diameter on record caused flooding, destruction, burned homes and deaths in New York. We received incredible pictures, taken a few hours after the storm hit New York. The pictures show floating cars, flooded construction sites, the dangling One57 crane, chaotic scenes around Con Edison, flooded tunnels, crushed cars hit by trees and flooded buildings.
The damage from Hurricane Sandy is nothing that Manhattan has ever seen before. Many parts of lower Manhattan are severely flooded and without electricity or hot water. The MTA is at a complete halt and service might not be back for as long as a week. The absolute worst-case scenario has happened and even surpassed predictions.
Cars have been seen swimming in the flood. Police have evacuated lower Manhattan, and closed it down to in and out going traffic. The Battery Tunnel is flooded with water, and no timetable has been provided for when it will be open again.
Robert De Niro was all ready to move into the Park Imperial, until he discovered that “There was an issue with misrepresentation of the apartment and they managed to get out of the lease”. So, the apartment on the 64th-floor went back on the market and Robert remains without a new place in his native city.
Def Jam founder, Russell Simmons, has recently taken his Duplex Penthouse temporarily off the market. The apartment, brokered by Deborah Grubman of The Corcoran Group, hit the market in September 2012 for $11 million. It’s not the first time this apartment has disappeared from listings. It was also listed in 2005 for the same sum of $11 million. The apartment is located at 114 Liberty Street in Manhattan’s Financial District.
In 2008, the collapse of Lehman Brothers caused a world wide financial crisis. It filed for bankruptcy protection, yet the investment bank controls more than $10 billion of real estate assets, the New York Times reported. Since 2008 Lehman has been working on improving its buildings, finding new tenants and selling its stakes. For instance, 200 Fifth Avenue had an occupancy rate of merely 45% in 2008 and increased to 80% in 2010 after some improvements and restructuring of its debt. Once the building became more attractive, Lehman sold its stake in the building to J.P. Morgan.
Def Jam founder Russell Simmons has listed his duplex penthouse condominium at 114 Liberty Street in Manhattan’s Financial District for $11M. This is not the first time Mr. Simmons has listed his 14-room, 5-bedroom, 4.5-bathroom, 7,175-square-foot penthouse as it was listed in 2005 for $11M, but it unfortunately didn’t sell. This time the unit is exclusively listed with Deborah Grubman and David Dubin of the Corcoran Group. The duplex features high ceilings, a library, marble bathrooms, terrace and a powder room.