The Closing: Apple Grand Central; Park51 Holdup; Wall Street 2 Penthouse Sale; Defining ‘Rec Room’


Apple Grand Central renderings out. [Journal]

SEE ALSO: As Midtown Looks to Compete in a New Manhattan Market, It’s Revive or Die

(Sightly mysterious) renderings of the new Harlem Children’s Zone are up as well. [Curbed NY]

Though they won a legal battle, the developers of Park51 (a.k.a. the “Ground Zero Mosque”) are having less luck with money; high construction costs are delaying building. [The Real Deal]

Breaking! Venture capital firms and tech startups want to establish themselves in New York City. [GlobeSt]

Another real estate term to watch out for: “rec room” means “legally uninhabitable underground bedroom.” [NY Times]

The penthouse seen in Wall Street 2: Money Never Sleeps sells to (surprise!) a real Wall Streeter. [Curbed NY via NY Post]

Is it a contest? The newest Riverside South buildings will be even glassier than their predecessors. [Crain’s]

The Southampton business district is getting a makeover. [Journal]

Perhaps this Williamsburg apartment building had trouble selling units because it is allegedly leaking water through walls. [Curbed NY]

Halstead is taking over the marketing for 109 Gold Street in Dumbo, replacing Douglas Elliman. [The Real Deal]

We’ve seen this in the Hamptons—sales of luxury vacation homes are picking up. [Journal]