Target strengthens its NYC foothold with Hell’s Kitchen store

The flexible-format store is poised to open in 2019

Target’s proliferation throughout New York City continues as the discount goods brand announces another Manhattan store. A flexible-format Target will post up in the base of XIN Development’s gas station-replacing condo rising in Hudson Yards at 615 Tneth Avenue, the Post reports. It joins a flexible-format store in the base of Related’s rising East 14th Street rentals, a new Tribeca storefront, and in Brooklyn’s CityPoint development.

The 29,000-square-foot store between West 44th and 45th streets will carry clothing, apartment-sized home items, grab-and-go food items, and is expected to open in 2019.

“We’re pleased to be part of this terrific residential development near Times Square and the Theater District, and we look forward to serving more guests in Manhattan with this new store,” Target’s senior vice president of properties Mark Schindele said in a statement.



Prewar East Village co-op with modern upgrades seeks $975,000

The apartment boasts views of the Empire State Building and One World Trade Center

Welcome back to The Six Digit Club, in which we take a look at a newish-to-market listing priced under $1 million, because nice things sometimes come in small packages. Send nominations to the tipline.

While this sleek, modern two-bedroom recently got an update, it still retains many of its original features including arched doorways, beamed ceilings, and a cast-iron bathtub.

Located in a 17-unit co-op on East 3rd Street, the East Village building was built in 1900 and stands six-stories tall. The two-bedroom unit on sale can be converted into a three-bedroom according to the listing, with one of the areas designated as a living room on the floor plan doubling up as a bedroom if need be.

The co-op boasts plenty of light, and offers views of the Empire State Building and One World Trade Center. The large windows and the exposed brick were renovated and new additions include a washer-dryer in-unit, stainless steel appliances in the kitchen, and a breakfast bar.

The building the co-op is in also offers a bike room and additional storage, and to top it all there’s a garden for tenants. For all of that, you need to shell out $975,000


Here’s how the Second Avenue Subway will affect NYC real estate

If you guessed that prices will rise, give yourself a gold star

After years—decades, really—of mere talk, the Second Avenue Subway is due to make its long-awaited debut at the end of this year. (In theory, anyway; we’ll see what actually happens.) And like other areas of the city that have seen huge, neighborhood-changing projects come their way (the High Line, for example), the line’s arrival will almost certainly affect real estate prices in the Upper East Side and Yorkville—but how?

To get some semblance of an answer, StreetEasy crunched the numbers, and found that—unsurprisingly—the Second Avenue Subway’s arrival will likely spell the end of affordability in Yorkville, traditionally a bastion of cheap rents on the Upper East Side. According to StreetEasy’s research, rents in the neighborhood, particularly along Second Avenue, have been steadily increased in the last five years; the trend is anticipated to continue once the subway line opens. And the jump along Second Avenue specifically was quite large, at 27 percent.

Of course, it’s not the mere presence of the line that could bump prices—StreetEasy also looked at how commute from Yorkville (not the most accessible area currently) to Midtown could change once the subway is up and running. And, as the firm has previously found, shorter commutes equal an increase in rents—to the tune of more than $450 in some areas.

“The subway will also likely make the Upper East Side and Yorkville less affordable for some residents, and have a ripple effect on local businesses,” said Krishna Rao, a StreetEasy analyst. “There is a trade-off to every public project like this one as they transform the tenor and fabric of the surrounding area.”

Still, we’re a long way from the line actually opening; while the MTA says it’s on track to meet the December target, there’s a chance that not all of the stations will open at that point. So, as StreetEasy points out, these changes are more of a wait-and-see thing, and “only time will tell” what will really happen along Second Avenue.


Hip Hop Hall of Fame eyes Manhattan location

The institution seeks to attract 1 million visitors a year

The Hip Hop Hall of Fame has announced plans to build a hybrid museum and hotel with retail at a yet-to-be-disclosed Manhattan location. Not to be confused with the Universal Hip Hop Museum that’s eyeing the Bronx County Courthouse as a landing spot for its institution, the Hip Hop Hall of Fame is the brainchild of J.T. Thompson, the first producer of the Hip Hop Hall of Fame Awards Induction Ceremony & Concert on the BET Cable Network.

Per a press release, the facility will include a five-star hotel, retail stores, a gift shop, an arcade, TV studios, a sports bar, restaurant, and concert lounge. The museum has set its sights on an annual draw of 1 million patrons, one-fifth of the visitorship of the High Line, one of New York’s most popular attractions. It also expects to host 20,000 school kids annually, and entertain kids at schools across the city with visiting mascot “B-Boy Scratch” (no, we didn’t make this up.)

The museum is eyeing one of two Manhattan locations, both of which are near major transportation hubs, the press release notes. Whether this plan will be realized is another story. The museum is on the hunt for a investment strategic partner or, said more simply, funding. The museum is also on the hunt for a corporate brand to partner with on naming rights.

The development team behind the museum anticipates acquiring the site by 2017, with a projected museum opening in 2019-2020.


Clinton Hill condos that replaced a historic home launch sales from $875K

All 12 of the condos at this development come with private outdoor space

It’s been four years now since a historic house was demolished on Lefferts Place, right along the border of Clinton Hill and Prospect Heights, to make way for a condo building. That project has now launched sales on its 12 apartments with prices starting at $875,000. All the condos in the building are two bedrooms and all come with private outdoor space.

At present, just three listings have come onto the market. The cheapest is a two-bedroom, two-bathroom unit that spans 994-square-feet and is asking $875,000. The priciest is also a two-bedroom, two-bathroom, and it’s asking $1.025 million.

Some of the standout features in the apartments include five inch oak hardwood floors, oversized windows, Quartz countertops in the kitchen along with Beratazzoni ranges and microwaves, and Fisher & Paykel refrigerators. The bathrooms are fitted with marble tiles and come with deep soaking tubs, glass shower enclosures, and Quartz vanity tops.

The project was developed by Level One Holdings who roped in Sion Associates to design the four-story building. Construction is close to wrapping up with residents likely to be able to move in the next couple of weeks.


Soori High Line unveils $22.5M penthouse with private pool

Aquatic amenities don’t come cheap in this ultra-luxe building

Apartments at Chelsea’s ultra-fancy Soori High Line have been slowly dribbling out onto the market for nearly two and a half years now, and with the building nearing completion (it’s slated for 2017), the development is finally ready to release one of its crown jewels. And the place is priced accordingly: the absurdly luxurious triplex penthouse is asking $22.5 million, more than $7 million more than the next most expensive option.

The 4,510-square-foot, five-bedroom, five-bathroom abode offers a tailored living area, “beautified by stretching walls of glass” (windows are for plebes), nearly 20-foot-high ceilings and as yet unspecified “top-of-the-line designer finishes.”

But let us move onto what really matters: the private heated rooftop swimming pool. Such pools are a signature of architect Soo K. Chan, so much so that in fact 16 of the 31 units are equipped with one. (Usually, though, they are located serenely in the living room.)

While the aquatic abundance is really the distinguishing feature here, the visually striking building offers a host of other amenities, from the standard (a doorman, laundry, bike storage) to the spectacular (a spa, library, and designated “wine cellar/tasting area”).


On Election Day, Woodlawn Cemetery wants visitors to pay homage to suffragettes

As many pay homage to Susan B. Anthony, Bronx’s Woodlawn Cemetery wants to provide a similar service

It’s Election Day, which means that, in keeping with tradition, woman from all over Rochester will be swinging by Susan B. Anthony’s grave site at Mt. Hope Cemetery in upstate New York, paying homage to the pioneering suffragette and adding “I Voted” stickers to her tombstone. And this year, Woodlawn Cemetery in the Bronx is getting in on the action, reports the New York Times.

Woodlawn, after all, has a feminist pedigree of its own: it’s home to the grave sites of four other big-name suffragettes. (It should be noted that the movement’s history is not without its own problems; here’s a good read on that subject.) Elizabeth Cady Stanton, who, with Anthony, co-founded the National Woman Suffrage Association, is buried there, as is Carrie Chapman Catt (founder of the League of Women Voters), Mary Garret Hay (Catt’s assistant and advisor), and Alva Vanderbilt Belmont (multimillionaire activist). Why not give them the same treatment?

David Ison, Woodlawn’s executive director, told the Times that the cemetery adopted the idea after seeing Anthony’s grave site trending on social media. Plus, they felt this election season needed something positive. “We thought, ‘We’re going to do something that’s not all about Trump and all about Clinton,’” he said.

And so they have. The cemetery has placed big cardboard signs next to each grave and is encouraging people to come by to stick stickers and snap selfies in honor of women’s right to vote. (While yes, it is somewhat less satisfying, the cemetery requests that visitors please please keep their stickers off the actual tombstones.)

While Mt. Hope is expecting so many visitors that they’ve extended their election day hours, Woodlawn has yet to see the tradition really take off. But there’s still time: the Bronx cemetery has extended its visiting days for the occasion, inviting people to add their stickers through Sunday.