Tag: Real Estate (Commercial)

How Hudson Yards Went From Ghost Town to Office Success Story

It was March 2019, and 13,000 people were on Manhattan’s West Side at a star-studded opening ceremony for the largest private real estate project in United States history: Hudson Yards. A year later, the development was a ghost town. Shops were closed and offices emptied; the coronavirus pandemic had walloped the corridor of luxury skyscrapers, […]

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China’s First Quarter Results Show Growth Propelled by Its Factories

The Chinese economy grew strongly in the first three months of the year, new data shows, as China built more factories and exported huge amounts of goods to counter a severe real estate crisis and sluggish spending at home. To stimulate growth, China, the world’s second-largest economy, turned to a familiar tactic: investing heavily in […]

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Hudson Yards ‘Vessel’ Sculpture Will Reopen With Netting After Suicides

Nearly three years after a series of suicides shut down the Vessel, the 150-foot-tall centerpiece of the Hudson Yards complex in Manhattan, the project’s developer said on Friday that it would reopen this year with new safety measures. The beehive-shaped sculpture, with a labyrinth of about 2,500 steps and 80 landings, opened in 2019, along […]

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Delivery-Only Restaurants, Once Pandemic Successes, Face Uncertainty

On a recent afternoon, the kitchen inside a Denny’s in the Jackson Heights neighborhood of Queens was bustling. Employees placed burger patties on a grill and pulled fries out of the vat of hot oil. Some orders were whisked away to customers sitting in booths, while others were boxed and set aside for pickup. The […]

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New York City Is Closer to Getting Its First Soccer Stadium

The New York City Council voted overwhelmingly on Thursday to approve construction of a 25,000-seat, privately financed soccer stadium at Willets Point in Queens, to house the New York City Football Club. The vote pushed the project a step closer to fruition than any of the previous proposals over the last decade, adding a measure […]

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Downtown Los Angeles Places Another Big Bet on the Arts

For decades the effort to revitalize downtown Los Angeles has been tied to arts projects, from the construction of the midcentury modern Music Center in 1964 to the addition of Frank Gehry’s soaring stainless steel Walt Disney Concert Hall in 2003. But the pandemic was tough on downtowns and cultural institutions around the country, and […]

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Cities in the eclipse’s path are getting an economic ‘shot in the arm.’

For centuries, people have been clamoring to glimpse solar eclipses. From astronomers with custom-built photographic equipment to groups huddled together with special glasses, this spectacle has captivated the human imagination. In 1860, Warren de la Rue captured what many sources describe as the first photograph of a total solar eclipse. He took it in Rivabellosa, […]

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Skip the Traffic: Commuters Turn to Ferries to Get Around

As remote work reshapes the way people live and travel around cities, Americans are taking to the waterways not only as part of their commute but also as part of their daily lives. Some coastal cities are seeing ferry ridership bounce back after a decline during the pandemic, and growing interest in water transit is […]

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Can Minor League Baseball Survive Its Real Estate Problems?

Ed Willson has a jar filled with dirt sitting on his desk. For more than 40 years, Mr. Willson has been a fan of the minor league baseball team in Eugene, Ore., the Emeralds, and a season-ticket holder for 22 seasons. He was crushed when Civic Stadium, the longtime home of the team, burned to […]

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As Graffiti Moves From Eyesore to Amenity, Landlords Try to Cash In

Julian Phethean’s first canvas in London was a shed in his backyard where he covered the walls with bold lettering in spray paint. When he moved his art to the city’s streets in the 1980s, it was largely unwelcome — and he was even arrested a few times. “We had nowhere to practice,” he said. […]

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Members-Only Mania: Why Are More Private Clubs Popping Up in New York?

In a 115-year-old ferry terminal in New York’s financial district, an abundance of excess now exists. Walls lined with Loro Piana cashmere, Brooklyn Bridge views, a wellness center, a jazz bar — all of it can be yours for $3,900 annually (or just $2,500, if you’re under 30). Since it opened in 2021, Casa Cipriani […]

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