NYC Real Estate News

Attention shoppers: Century 21 is coming back. The New York-based discount retail chain that built a loyal following but folded after declaring bankruptcy in September, announced its planned return last week. In a statement on Tuesday, Century 21 Stores said the decision to relaunch came “in response to the outpouring of love from the Big Apple and the admiration” of their “loyal shoppers from around the world.” The announcement was light on details, but the

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Demand for warehouse space in Canada far outweighs supply, setting the stage for a boom in industrial construction. Canada needs another 40 million square feet of warehouse space over the next five years to keep up with demand after online sales rose 32 percent last year, according to CBRE figures reported by Bloomberg News. That’s more than three times the combined total of warehousing space in Canada’s three tightest industrial markets —Toronto, Vancouver, and Montreal.

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Since they’re spending so much time at home, some homeowners have upped their D.I.Y. game in the last year.

New York’s rental market has been turned upside down by the pandemic, making it hard to tell a good deal from one that’s too good to be true.

 A Tokyo skyscraper under construction and set to become the tallest tower in Japan will include Aman Resorts-branded luxury residences that could top $40 million each. Mori Building Company’s 1,082-foot-tall tower in Minato Ward will have 91 units on floors 54 through 64, according to the Japan Times. The residences will be operated by luxury hotel company Aman Resorts and called the Aman Residences, Tokyo. Branded residences have grown in popularity over the last several

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Construction is rising on 200 East 83rd Street, a 449-foot-tall residential tower from Robert A.M. Stern on Manhattan’s Upper East Side. Developed by Naftali Group and Rockefeller Group, the 243,128-square-foot development reinforced concrete structure will rise to a height of 35 stories and house 86 units spread over 205,877 square feet, for an average of 2,393 square feet apiece. SLCE Architects is the architect of record for the project, which is located at the corner of Third Avenue and East 83rd Street.

The affordable housing lottery has launched for 5Pointz, a 48-story mixed-use tower at 22-44 Jackson Avenue in Long Island City, Queens. Designed by HTO Architects and developed by G&M Realty, the 1.21 million-square-foot development stands on the site of the former 5Pointz warehouse, and will yield 1,122 units. Available on NYC Housing Connect are 337 units for residents at 130 percent of the area median income, ranging in eligible income from $63,429 to $183,300.

The Yonkers Industrial Development Agency has granted final approvals for a seven-story rental building at 56 Prospect Street. The incentives package is valued at $32.6 million and is awarded to Regency Apartment Ventures, LLC, the Long Island-based developer responsible for the project.

Permits have been filed for an eight-story residential building at 2074 Walton Avenue in Fordham Heights, The Bronx. Located between East Burnside Avenue and East 181st Street, the lot is one block from the Burnside Avenue subway station, serviced by the 4 train. Michael Hunt under the 2074 Walton Realty LLC is listed as the owner behind the applications.

Mohamed Hadid (father of Bella and Gigi) has been trying to build an enormous compound on one of the most popular hiking spots in the Los Angeles area. What could possibly go wrong?