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Two more retail tenants sign on at Macklowe’s 432 Park

UPDATED March 16, 2019, 9:21p.m.: The massive photo portrait of Harry Macklowe and his new wife isn’t the only new thing at 432 Park Avenue. At a panel at 92Y’s third annual City of Tomorrow summit, Cushman & Wakefield’s executive vice chairman Joanne Podell revealed that two more tenants had signed leases at the 130,000-square-foot commercial component of Macklowe’s luxury condominium tower. New York Post columnist Steve Cuozzo was making a larger point about how […

Grand Canyon to Return to Montague Street

Those of you who, like me, miss Grand Canyon’s superb burgers are in for a treat. While the “Restaurant For Lease” sign remains above the former Armando’s site at 143 Montague (see photo by your correspondent taken this evening), the Commercial Observer reports that the restaurant’s owner, who kept open another Grand Canyon in Park Slope, has taken that space and will return to Montague. It will be right next door to Grand Canyon’s old location, now occupied by B.Good.The one downside to this, although it was probably foreordained by Armando’s closing, is that we will lose the Armando’s sign with

Hudson Yards’ tax breaks are bigger than Amazon’s would have been

Over a period of more than 10 years, government tax breaks and incentives to support Related Companies and Oxford Properties Group’s development of Hudson Yards total about $6 billion. That’s double the package of tax breaks and incentives Amazon’s Long Island City campus was trying to secure before the company scrapped its plans, the New York Times reports. Related Hudson Yards’ president L. Jay Cross told the publication the 28-acre complex that contains 13 buildings …

What the trade of this luxury hotel brand means for the hospitality industry

In what is thought to be the first deal of its kind, Best Western has acquired European indie hotel chain, WorldHotels. The global hotel industry has been going through big changes in recent years, as online booking and homesharing cracked open new opportunities for independent hotels. In response, large hotel chains have launched dozens of “soft brands”, semi-independent collections of hotels that can offer differentiated experiences to travelers. This week, Best Western upped the ante …

Goodbye, Atlantic Fruit and Vegetable? Also 192 Montague, AKA 200 Montague, to be Razed for Residential?

For some years now my wife and I have patronized Atlantic Fruit and Vegetable, at 181 Atlantic Avenue, a few doors west of Sahadi’s, for fresh produce at reasonable prices. It appears this may be coming to an end soon. According to Brooklyn Community Board 2, the agenda for its Land Use Committee meeting to be held at 6:00 PM tomorrow, Wednesday, February 20 at NYU Tandon School of Engineering, Dibner Building, Room LC400, 5 Metrotech Center (on the north side of the Metrotech Commons) includes this item:181 Atlantic Avenue — Brooklyn Heights Historic District — Application is to demolish the existing, …

The cost of natural disasters last year? $91B

Natural disasters caused $91 billion in damage to the United States last year, a federal government study has found. Amid growing global concern for climate change, the National Oceanic and Atmospheric Administration analyzed the aftermath of 14 natural disasters that occurred during 2018, and found that it was the fourth most costly year on record for such events, as reported by CNBC. The most devastating events were the California wildfires, Hurricane Florence in the Carolinas …

This is the world’s “money-laundering paradise”

Everything’s bigger in Dubai. Home to the world’s tallest building since 2010, the emirate’s real estate industry could also be one of the world’s largest money laundromats. Transparency International, the anti-corruption group behind the annual Corruption Perceptions Index (CPI), has now joined the chorus of voices decrying the city-state’s weak regulations and lax enforcement, according to Forbes. With the release of its latest CPI results, Transparency International singled out Dubai for special

Shop Small? Find Out What Can Be Done To Fight “Mallification” At BHS Thursday Evening

This Thursday evening, November 29 starting at 6:30 the Brooklyn Historical Society will present “Malls vs. Bodegas: Resisting the Suburbanization of the City.” This panel discussion will be moderated by Paul Goldberger, contributing editor of Vanity Fair. Admission is $5, or free for BHS members. Make reservations and more information here.

Goodbye, Chip Shop, and Other Neighborhood Changes

Your correspondent was deeply saddened, on arriving for his and his wife’s (this time joined by some neighbors) usual Friday night dinner at the Chip Shop, to find at the top of the extensive beers, ales, and ciders menu a note that the place would close at the end of this weekend, having lost its lease. I returned today to enjoy one last Full English Breakfast and the company of others who had been regulars there, as well as some I hadn’t met before, and of long time bartender Liz Drobits (photo).Atlantic Avenue has lost one other watering hole. Last weekend, as I was walking …