Permits have been filed for a seven-story mixed-use development at 38 West 8th Street, one block away from Washington Square Park. The site is off the beaten path for Greenwich Village, and the extant structure is not of noteworthy or particular beauty. Despite this, the odds are high this project will attract undeserved criticism from local rent-gouging homeowners fearful of any increase in neighborhood housing supply. Joseph Straus of the Straus Group is listed as responsible for the development.
Last week, we toured 90 Morton Street, a 12-story building in the West Village that is being converted from warehouse to condominiums. Construction is moving along quickly, with the major structural additions now complete. Brack Capital Real Estate is responsible for the development, having purchased the site in 2014 for $105 million. YIMBY sat down with the project’s team to discuss the evolution of the southwest West Village, the challenges involved in converting and expanding a historic warehouse, and expectations for the neighborhood’s future.
The redevelopment of the southwest corner of the West Village by the Hudson River is often overlooked, but that part of the neighborhood is about to get a healthy dose of modernization. One project now under construction is 111 Leroy Street, which will create nine apartments and five townhouses. Work has progressed significantly since our last look, and façade installation appears imminent. Property Markets Group is responsible for the development.
Today, YIMBY has the first close-up of 90 Morton Street’s ongoing transformation, in the West Village. The building is five blocks away from the Houston Street Subway Station, and six blocks from the West 4th Street Subway Station, putting it near most every subway line, or more exactly, the A, B, C, D, E, F, M, and 1 trains. Brack Capital Real Estate is behind the condominium conversion and expansion of the original pre-war structure, and Reuveni Real Estate will be handling sales, according to a new teaser website.
When “White Christmas” was written in 1942, Irving Berlin had good reason to yearn for the snows “just like the ones [he] used to know.” Measurements of the white stuff in Manhattan had been slumping since the late 1800s, with the 15-year rolling median of 35.5 inches from 1884 falling to a mere 15.6 inches by the year of the song’s release, and then plunging further, to only 13.4 inches in 1998-99. What has followed is nothing short of a holiday miracle: in the subsequent eighteen years, snowfall has increased in an unprecedented fashion across much of the Northeastern seaboard, with the rolling median at Central Park now reaching 40 inches. With New York City’s median recent snowfalls tripling in a matter of two decades and surpassing totals at the end of the Little Ice Age at the same time that temperatures have continued to warm, it is time for the city’s inhabitants to ask why exactly this is happening, and consider the practical implications that a rapidly-shifting climate will have on real estate.