Archive for November, 2012


The Manhattan project

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The Manhattan Project from Cameron Michael on Vimeo.

 I hope you enjoy this cool video as much as I did!


How’s the Market – Month Ending October 31, 2012

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While Quarterly Sales Reports show closed activity for the previous quarter, monthly Contract Signed reports are the ‘crystal ball’ of closed sales to come.  Granted all contracts signed for any given month may not close in the next month, and some may not close at all but most (over 95%) will become closed sales which will become part of the next Quarterly Sales Report.

In the following charts and graphs you can see how the market stacks up against last month and this month last year.










Today, Elliman released the October 2012 Elliman Report for Manhattan & Brooklyn Rental Markets.   The Rental Market Report sumarized below and reported here was prepared by Miller Samuel for Prudential Douglas Elliman

Falling vaccancy rates continued to drive rental price indicators higher, despite the rising number of consumers moving to the purchase market.”


  • The Manhattan vacancy rate fell to 2% from 2.32% in the same period last year, while rentals with landlord concessions had a nominal 4% market share
  • The overall median rental price edged 1.6% higher from $3,150 in the same period last year to $3,200, its highest october level since the credit crunch begain in 2008.
  • New rental activity for smaller units slipped as low mortgage rates compelled consumers to purchase.


Privately Owned Public Spaces

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Privately Owned Public Spaces, abbreviated as “POPS”, are an amenity provided and maintained by a developer for public use, in exchange for additional floor area.

POPS typically contain functional and visual amenities such as tables, chairs and planting for the purpose of public use and enjoyment. Privately Owned Public Spaces are permitted in the City’s high-density commercial and residential districts and are intended to provide light, air, breathing room and green space to ease the predominately hard-scape character of the City’s densest areas. Since 1961, the Zoning Resolution has allowed for several different types of privately owned public space, including plazas, arcades, urban plazas, residential plazas, sidewalk widening, open air concourses, covered pedestrian spaces, through block arcades and sunken plazas. POPS are primarily procured through incentive zoning, however some POPS were created as part of a variance or special permit granted by the City Planning Commission or Board of Standards and Appeals.

The most popular and most visually apparent type of POPS are the outdoor spaces – plazas, residential plazas and urban plazas, sometimes called “bonus plazas.” The provisions allowing for these outdoor spaces have evolved immensely since 1961; starting from very modest design requirements to more fine-tuned standards that require well-designed amenities that benefit the public.

Here's one of these wonderful parks on the Upper East Side located on the property of 211 East 70th Street

In 2007, the New York City Council adopted revised standards for all outdoor POPS, representing a significant update to and consolidation of all previous plaza design regulations into one outdoor plaza designation – the “public plaza”. The 2007 text is intended to facilitate the design and construction of unique and exciting outdoor spaces that are truly public. Since the adoption of the 2007 public plaza text, a follow-up text amendment was adopted by the City Council in June 2009, to clarify certain provisions in order to enhance the 2007 text. The Current public plaza provisions enable the creation of high quality public plazas on privately owned sites that are inviting, open, inviting, accessible and safe.

The current design regulations are guided by the following design principles:

Public Plaza Design Principles

  • Open and inviting at the sidewalk
  • Easily seen and read as open to the public
  • Conveys openness through low design elements and generous paths leading into the plaza
  • Visually interesting and contains seating


  • Enhances pedestrian circulation
  • Located at the same elevation as the sidewalk
  • Provides sense of safety and security
  • Contains easily accessible paths for ingress and egress
  • Oriented and visually connected to the street
  • Well-lit

Provides places to sit

  • Accommodates a variety of well-designed, comfortable seating for small groups and individuals


 From NYC Department of City Planning website.