Good morning, and welcome to New York Minute, a new roundup of the New York City news you need to know about today. Send stories you think should be included to email@example.com.
Facebook mulls a move to a Midtown post office
The office space within the soon-to-be Moynihan Train Hall could get one very prominent occupant: The New York Post reports that the tech giant is “in talks” to lease all of the planned office space within the train complex. That would encompass some 740,000 square feet built on top of and within the historic James A. Farley Post Office.
Earlier this summer, Crain’s reported that Facebook was eyeing space within 50 Hudson Yards, the Norman Foster-designed tower rising at 34th Street and Tenth Avenue. The Post’s sources say that the lease at the post office building would be in addition to the Hudson Yards one, creating one giant (if slightly disconnected) Facebook campus in Midtown West.
Facebook currently leases close to 700,000 square feet of space within 770 Broadway, the former Wanamaker Department Store building that’s part of the Noho Historic District.
How do homeless shelters affect property values?
A new report from the NYC Independent Budget Office looked at the impact homeless shelters have on property values in NYC neighborhoods, and found a correlation between proximity to a shelter and slightly lower property values. As the IBO puts it:
[R]esidences located within 500 feet of an adult shelter sell for an estimated 7.1 percent less than comparable residences sold at a comparable point in time located 500 feet to 1,000 feet from shelters; properties located within 500 feet of a shelter for families with children sell for an estimated 6.4 percent less, all else being equal.
The de Blasio administration’s Turning the Tide on Homelessness plan calls for adding 90 shelters throughout the city (but has only added about 25 so far), and in many areas, the proposed shelters have faced fierce pushback.
And in other news…
- New York City has five million street parking spaces, or the equivalent of 12 Central Parks. (Imagine if that was allocated for other uses!)
- Ahead of Gowanus’s rezoning, Avery Hall Investments bought a parcel of neighborhood buildings that includes the Royal Palms Shuffleboard Club.
- Is North 6th Street “Brooklyn’s hottest street”? If you’re a retailer targeting a very particular demographic—i.e. young and affluent—then maybe!
- A building on 57th Street that was once slated for condos will now serve a very different purpose: It’ll be home to a “five-star” rehab facility.
- The MTA will add surveillance cameras to buses on the M15 SBS route to catch scofflaws who park in bus lanes.
- What’s up with the promised affordable housing at a contested Crown Heights development?
- And finally, the hypebeasts at Only NY collaborated with the Foundation for New York’s Strongest (a nonprofit affiliated with the Department of Sanitation) on a very hot drop that we definitely want to cop. Proceeds will benefit Harlem’s quirky Treasures in the Trash museum, which is on the hunt for a permanent home:
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In collaboration with the Foundation for New York’s Strongest, Only NY has produced an exclusive benefit t-shirt to raise funds for a future museum to house Nelson Molina’s eclectic collection. The T-Shirt will be available Online Wednesday, September 25th @ 12pm EST. All profits will be donated to the Foundation for New York’s Strongest. For 34 years, New York Sanitation worker, Nelson Molina collected items in the trash on his route in East Harlem. Over 45,000 items, all catalogued and organized, currently live on the second floor of the M11 garage on East 99th Street. Nelson retired from the job in 2015, but comes to the garage routinely to check in on his "museum." Director Nicolas Heller documented Molina’s collection in his film 'Treasures in the Trash' to help raise awareness for the collection. 'Treasures in the Trash' premiers Wednesday, September 25 at El Barrio's Art Space.