The Port Authority of New York and New Jersey has renewed its push to turn the vacant TWA Flight Center at John F. Kennedy Airport into a hotel, according to a request for proposals posted on the Port Authority’s website last Friday.
Following the breakdown of negotiations with hotelier André Balazs earlier this year, the call for bids will restart the redevelopment process for the building designed by modernist airport master Eero Saarinen and originally opened in 1962.
Upgrading NYC, Wired City
A week after photos of lightning striking the steel spire of One World Trade Center made international news, experts familiar with the electric bolts pointed to the building’s resilience against such dangers.
The 1,776-foot skyscraper, the tallest building in the Western Hemisphere, sustained six lightning shocks since the end of June, said Rob Cooper, the president of top lightning protection system installer Associated Lightning Rod Company. Read More
Food & Drink
The third installment of “Upgrading NYC” covers wireless infrastructure improvements at JFK International Airport. Read More
Year in Real Estate
Popular burger chain Shake Shack will open a new Brooklyn location at Two Trees’ One Old Fulton Street in Dumbo in mid-2014, the management company announced today. The 3,200-square-foot location will be Shake Shack’s third Brooklyn outpost, joining the Downtown Brooklyn location at 409 Fulton Mall and a restaurant at 170 Flatbush Avenue slated to open this fall.
Post-Tropical Storm Sandy
The whirlwind negotiations between the Federal Emergency Management Agency and Muss Development to create an impromptu relief outpost in Queens in the days following Hurricane Sandy’s descent on New York would not have happened had it not been for one of the real estate industry’s leading dynasties.
In a deal that would later come to symbolize the overall dedication of the city’s real estate titans, government officials and executives banged out terms for 200,000 square feet of temporary space at the Forest Hills Tower in a mere five days, a minor miracle in the world of office leasing.
The Federal Emergency Management Agency has pulled together a Queens home base for its Hurricane Sandy relief efforts in a matter of days.
FEMA, as the agency is better known, is taking 200,000 square feet across 10 of 17 floors in the Forest Hills Tower, located at 118-35 Queens Boulevard in Forest Hills, Queens.
Negotiations began last week with owner Muss Development, and by Sunday the relief agency had begun its move into the building.
Top management for Port Authority of New York and New Jersey’s are expected to go in front of a joint assembly of the New York Senate’s transportation committee and the New Jersey Assembly next month to field questions on why the bi-state agency was undercharging John F. Kennedy Airport tenants like British Airways an Delta Airlines for utilities, Read More