Year in Real Estate
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.
The controversial East 91st Street Marine Transfer Station, a proposed garbage station situated near the Asphalt Green on the Upper East Side, will be slapped with a federal lawsuit filed by its very vocal critics just days after the That permit was one of the few remaining hurdles the garbage station needed to clear before the $240 million station could start construction with an eye towards a 2015 opening date.