Whew, 2007 was a wild one, wasn't it? To honor the insanity that crept into all matters neighborhoodish and real estatey, we present the Fourth Annual Curbed Awards. This year, the awards will be presented in small batches through Monday. Today, we tackle the year in real estate and development.
The Holy Fucking Shit Award
After much speculation and rumors regarding the closing of the beloved Pathmark supermarket on Cherry Street in the shadow of the Manhattan Bridge, the paperwork turned up showing that the site was for sale for $250 million. Oh, and then there were the two development suggestions: the Flask and the Towers. Will DUMBO Manhattan become reality, eventually forcing out the low-income neighbors? They'll put up a fight, but if it happens, holy fucking shit!
Most Anticated '08 Opening
Once it gets that whole High Line entrance snafu sorted out, all we have to say is the Standard ... THE STANDARD ... THE STANDARD!!! Oh, and let's hope it opens in 2008. Sooooooo ssssslllllooooowwwww.
The Do You Believe in Miracles? Award
The Reader's Choice Award for Worst New Development
"FYI - The people who didn't rescind their contracts for Tribeca Space condos back in September have never heard another official word from the Sponsor or Corcoran Marketing (the Sponsor's Marketing Agent) about the status of Tribeca Space! All we know is that there's still no temporary certificate of occupancy and no sign of any of us being able to move in anytime soon. I feel like a real sucker for not rescinding when I had the chance. Any possibility of giving Tribeca Space a year-end award for worst new development?" Sure! We're in the giving spirit this holiday season.
Development of the Year
3) Fifth Street Lofts: Hidden in the shadows of the Toll Brothers' Manhattan and Williamsburg developments, 5SL in Long Island City flew under the radar for a while. Until it started selling apartments for $1,000/sf and the Toll Brothers anointed it as their favored son. QueensWest: who knew?!
2) The Plaza: Filled with more money and Russians than a hot Moscow nightclub. Nothing special on the inside, but the hype and big-time sales land it at the deuce spot.
1) One Madison Park: Would it have been this successful if it went ahead as the Saya? We'll never know. OneMadPark started selling before we were even paying attention, blew our minds with its skyline-altering renderings, survived a view-stealing scare, signed up some celebs and set a few records. And it's not over yet: here comes Rem Koolhaas to piggyback on the success. This year, there was only One Madison ... Park. There was that whole One Madison Avenue thing, but that's a story for 2008.