Real Estate

Gov. Kathy Hochul left her Penn Station-area redevelopment proposal — which would cost $306 billion to fully build — out of her State of the State address, heartening critics who want a less costly and less destructive way to create a new station. The Penn scheme didn’t appear, either, in the governor’s 267-page, “Achieving the New York Dream”
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Coney Island’s Luna Park has some air-conditioned competition. A giant new playground for kids has cut the ribbon in Brooklyn.  National chain Urban Air Adventure Park opened its first New York City location on New Year’s Eve, and the 40,000-square-foot venue was an immediate hit. (New Jersey, meanwhile, currently has six locations.)  “We wanted to bring
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In attacking Mayor Eric Adams’ plan to “pedestrianize” Fifth Avenue by widening sidewalks and reducing four auto lanes to one last week, I warned that it could lead to a Times Square-like situation where pedestrian plazas made for a poorer shopping environment while enabling disorderly behavior and crime. The blowback was immediate. One reader, “Uncle Sammy”
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The frenzy at 124 E. 14th St. went from disco to digital. Zero Irving, the tech-focused boutique office tower on the former Palladium disco site, is closing out a banner year. A just-signed, 25,000-square-foot lease with Dick’s Sporting Goods brings the 21-story, 176,000-square-foot project near Union Square Park to about 90% taken. Meanwhile, the building’s signature
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