Tribeca Citizen | In the News: 55 Broad will convert to residential

In the News: 55 Broad will convert to residential

55 BROAD IS CONVERTING TO RESIDENTIAL
The Journal reports that 55 Broad will be converted to residential: “Silverstein Properties and Metro Loft have agreed to pay $ 180 million for the 30-story building that opened in 1967 and has housed numerous technology and financial-services tenants over the decades. The new owners plan to convert it into 571 market-rate apartments, ranging from studios to three bedrooms, during the next three to four years. ”

LOCAL LAW 97 IS CHALLENGED
Since this applies to many local buildings, including this note that the owner of 9-11 Maiden Lane and several other coops have sued the city to block Local Law 97, which requires that buildings update greenhouse gas emissions standards. From Crain’s: “The legal challenge calls the law” ill-conceived and unconstitutional, “taking issue with the annual fines levied on buildings that fail to comply with the caps: $ 268 per metric ton over limits. The caps are draconian, the suit says, as they could burden some buildings even as owners take steps to comply. ”

THE HISTORY OF THE FIRST SUBWAY – ON WARREN
Untapped New York has a history of the city’s first attempts at building a subway system in 1870, and notes that an inventor and editor of Scientific American developed a demonstration subway line running on pneumatic technology. “The subway, called the Beach Pneumatic Transit, lasted from 1870 to 1873 and was a one-block, single-track, single-car line below Broadway from Murray Street to Warren Street in Tribeca.”

LUNCH IN NEW YORK HARBOR
Gothamist reports that bottlenose dolphins have become a more frequent sight in New York Harbor, entering the human-traversed waters between New York and New Jersey for food and socializing. The annual return of these aquatic mammals to the city’s harbor could signify improvements in coastal water quality and bring a renewed commitment to protecting local wildlife even in urban areas. ”

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