New Developments in the News
NOVEMBER 7, 2011
Unseasonal storm wreaks havoc on park trees; City’s hotel market heats up
Unlike some of our suburban neighbors, the city’s power stayed on, but we lost some valuable assets. Trees throughout the city suffered damage when wet leaves caused branches to come crashing down. Tree damage was especially bad in Central Park: Ten trees that form a semicircle around the plaza on the northwest corner of Fifth Avenue and 59th Street were virtually decapitated, for example. Tree damage in the park covered 400 acres, basically the park’s entire southern half, below 86th Street. 1,000 trees could be lost due to the storm.
Sales have started at One57, a 90-story hotel and condominium currently under construction at 157 West 57th Street in Midtown West. The 1,000 foot tower—it will be the city’s tallest residential building—will be completed in two years, and a Park Hyatt hotel will occupy the first 30 floors. The new hotel will not be alone: 50 hotels are set to open in the city through 2013, with 68 more to follow in 2014, putting the city’s hotel construction rate far ahead of other U.S. cities like Washington, D.C. Mixed-use residential buildings that offer luxury hotel accommodations—like the Time Warner Center at 80 Columbus Circle—are currently some of the city’s hottest addresses.
ALSO IN NEW YORK CITY INSIDER
- 30 Park Place Vs. The Baccarat Hotel and Residences - JUL 8, 2014
- This Week in NYC Living - JUL 1, 2014
- Notable NYC Neighbors - JUN 26, 2014
- Great NYC Buildings: New in the Heights - JUN 23, 2014
- Notable NYC Neighbors - JUN 20, 2014
- Notable NYC Neighbors - JUN 17, 2014
- Building Vs. Building - JUN 9, 2014
- Notable NYC Neighbors - JUN 6, 2014
- Notable NYC Neighbors - MAY 23, 2014
- Notable NYC Neighbors - MAY 15, 2014
- Great NYC Apartment Buildings: 12 East 13th Street vs. 22 Central Park South - MAY 13, 2014
- Notable NYC Neighbors - MAY 7, 2014
- Notable NYC Neighbors - MAY 1, 2014
- Upping the Architectural Ante in NoHo - APR 22, 2014
- Great NYC Buildings: Brooklyn's Gold Coast Living - APR 15, 2014
- Notable NYC Neighbors - APR 11, 2014
- Building vs. Building - APR 10, 2014
- Notable NYC Neighbors - APR 2, 2014
- This Week in NYC Living - APR 1, 2014
- Notable NYC Neighbors - MAR 26, 2014
- View Articles By Date