Jeremiah Budin reports for Curbed. JDS Development Group and Property Markets Group acquired the Steinway Building, and, more importantly, its 45,000 square feet of air rights, for $46 million [correction: they spent $217.8 million—$131.5 million for the land lease and $46.3 million for the building itself, and an additional $40 million for a neighboring site] back in March. Six months
Hana R. Alberts reports for Curbed. A pretty special townhouse on West 11th Street, which might not be long for this world if permits for a new building are approved, is famous for two things: one incendiary; the other adorable. First came the dynamite. Number 18 was the site of a rather infamous 1970 explosion at the hand of
Jeremiah Budin reports for Curbed. When Brooklyn hostel owner Juan Figueroa purchased the Williamsburgh Savings Bank for $4.5 million in 2010, the rumor was that he planned to convert the historic bank building into a hotel. That would have been difficult, though, since the structure is an exterior, interior, and national landmark. The actual plan, it turned out, was to
Julie Strickland reports for The Real Deal. From left: Andre Balazs and JFK’s TWA terminal Hotelier Andre Balazs has been tapped to develop the historic TWA terminal at John F. Kennedy International Airport, to be called the Standard, Flight Center. The terminal is to be overhauled and turned into a hotel and conference center with food and beverage, retail space,
