Buckle up for a chilly, long (for some) and romantic (for some) weekend with Julep’s Friday Brief, week of February 8, 2016:
The Week: Feb 8 – Feb 12.
In the early days of the week, real estate news was dominated by the crane crash in Tribeca that led to the tragic death of one. In other news, De Blasio released more details on his plan for a Brooklyn-Queens streetcar service, and the New York Times and The Real Deal looked into New York’s luxury market.
TripleMint’s Pick: Where Foreign Born New Yorkers Live in NYC
New York has been and will forever be a city of immigrants. From Ellis Island to JFK, it is the gateway of the United States – but many choose to stay. New York truly is America’s melting pot, a potpourri of diverse cultures and backgrounds. But where does New York’s immigrant population live? We loved this graphic by Untappedcities, mapping out the concentration of foreign-born New Yorkers from the 10 most represented countries of origin in New York. Unsurprisingly, New Yorkers from the Dominican Republic dominated north Manhattan and the Bronx, while New York’s Chinese population are concentrated in pockets of Queens, Brooklyn and Manhattan.
De Blasio Announces New Crane Safety Regulations
Following the fatal crane crash in Tribeca last Friday, Mayor Bill De Blasio announced new safety regulations on crawler crane operations. In particular, all cranes must halt operations and go into safety mode when the forecast predicts winds higher than 20 mph. If operators fail to abide by these regulations, they face a hefty fine.
New York’s New High-End Rentals
This year, developers are poised to open more than 8,000 high-end rental units in high-profile Manhattan and Brooklyn buildings, a faster pace than any other year in the past decade. The New York Times reports on a few of these buildings. It will be interesting to watch the rental market in relation to sales, and how these units are influenced by slowing foreign investment in NYC real estate.
New Luxury Condo Developments with the Greatest Price Increases
The Real Deal provides this insightful look into new condo developments posting serious unit-price increases since 2014. Buildings include 220 Central Park South, 50 West street, 30 Park Place, and 45 East 22nd Street.
Airbnb’s Data Hid the Facts in NYC
In a bizarre turn of events, Airbnb allegedly deleted as many as 1,000 of its NYC listings in an attempt to “paint a misleading picture” of its NYC operations back in November. Curbed reports on the story, while Inside Airbnb tries to give a clearer view into what happened.
A New Dimension in Home Buying: Virtual Reality
Virtual reality is all the rage in the tech, with accessible platforms like Samsung’s Occulus Rift hitting the market like a storm. With so many potential functionalities, it is only a matter of time before VR enters real estate as a way to go on virtual showings – from a remote location!
De Blasio’s StreetCar
As we reported last week, during the State of the City address, Mayor de Blasio announced a proposal for a 16-mile streetcar in Brooklyn and Queens. Here’s a short video to help visualize his proposal.
Meet the TripleMint Team: Keyan Sanai
Lastly, meet our TripleMint employee of the week, Keyan Sanai, in our interview with him earlier this week! Highlights include: “This job isn’t for everyone because you never know if and when your next paycheck is coming. You have to be competitive. You can’t be complacent. I could have woken up later than I did, but that means someone’s got the jump on me. That means someone’s ahead of me and I don’t want that.”
