What is 'green' development? "Currently, the Two Bridges project includes 69- and 62-story towers that will connect to one another via a lobby at 260 South St., which is owned by Chetrit Group; a 63-story tower at 259 Clinton St., which is owned by Starrett Corporation; and an 80-story tower at 247 Cherry St., which is owned by JDS. Those projects would join an existing 80-story tower at 225 Cherry St. that was built in 2019. It will include a total of about 2,775 new units, roughly 25 percent of which, or 694, would be so-called affordable, including 200 units set aside specifically for low-income senior housing. It would also include new amenities like community facility space, retail, outdoor space, according to the project documents." (Streetsblog NYC)
Cost to widen N.J. Turnpike extension to Holland tunnel balloons to $10.6B "The new cost, which includes replacing the 1956 Newark Bay Bridge with two bridges, shows up in the authority’s 2023 budget in brief information that was included in the minutes of the October commissioners meeting, where it was approved. Opponents said the cost increase is another reason to abandon the widening project." (NJ.com)
Queens leads quick rebound in NYC’s new development condo market "New development condo sales increased 39% last week and every borough in New York City felt the boost. Forty-three new deals made up for a recent 40% dip around Election Day and Veterans Day, as the market starts to yoyo through the holiday season." (amNY)
The Rinse of Tides: Neighborhood Plagued by Monthly Flooding Sees Hope in Sea Gates "The Army Corps of Engineers’ planned gates, meant to protect against future Sandy-like storms could help reduce moon-cycle deluges in oceanside neighborhoods. But some worry that they are not meant for such tidal use." (The City)
New York Yankees get in on Coney Island casino bid "A group of investors on Tuesday laid out their plan to bid for a casino in the famed Brooklyn neighborhood, becoming the latest in a string of big-money interests eyeing one of New York state’s three remaining casino licenses. All are on track to be awarded in the New York City area next year." (Gothamist)
