CityRealty Insider > New Developments in the News

New Developments in the News

NOVEMBER 15, 2010

New home sales are up slightly in September but remain at half-century low; Planning Commission approves developer’s Riverside Center plan

According to figures released by the Commerce Department, sales of new single-family homes were up 6.6 percent for the month of September, though the actual figure is reportedly one of the lowest the department has seen since it began tracking new home sales in 1963. The median price paid for a new single-family home was up slightly for the month as well—to $223,800 from $220,500 the month before.

The City Planning Commission has voted 12-1 to approve Extell Development’s plans for Riverside Center on the Upper West Side. The plans, which envision a redevelopment of what commission chair Amanda Burden called “a bleak eight-acre parking lot,” include five residential towers, a retail space, a garage and more on the site that lies west of West End Avenue between 59th and 61st Streets. The sole “no” vote was cast by commissioner Anna Levin, who voiced concern that the planned development was “just too big.”

ALSO IN NEW YORK CITY INSIDER

© 2024 CityRealty.com, LLC Powered by Leadkit Terms of Use Privacy Policy Site Map

RLS IDX Data display by CityRealty.com, LLC. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.

All closed sales data has been provided by the New York City Department of Finance via the Automated City Register Information System (ACRIS). No warranty or representation is made as to the accuracy of any data provided by ACRIS or any other sources.

CityRealty is committed to ensuring digital accessibility for individuals with disabilities. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. If you wish to report an issue or seek an accommodation, please contact us at accessibility@cityrealty.com.

An equal housing opportunity

{"1":[40.775,-73.94,"East Side","_es"],"2":[40.79,-73.99,"West Side","_ws"],"11":[40.76,-73.98,"Midtown","_m"],"3":[40.736,-73.99,"Downtown","_d"],"13":[40.711309,-74.01,"Financial
District\/BPC","_fd"],"4":[40.682676,-73.973007,"Brooklyn","_b"],"12":[40.8444,-73.9376,"Upper Manhattan","_um"],"5":[40.7477089,-73.930411,"LIC \/ Queens","_qns"],"18":[40.8889782,-73.9025,"The Bronx","_bx"]}