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Big bucks! LMDC awards $50M for Downtown projects

BY YANNIC RACK More than a dozen projects in Lower Manhattan, ranging from parks improvements to after-school programs, will be funded with $50 million from a settlement reached last year over the 2007 fire at the former Deutsche Bank Building in the Financial District. The Lower Manhattan Development Corporation, the joint state-city agency created to […]

BY YANNIC RACK They’re billed as the latest breakthrough in the hi-tech “sharing economy,” but so-called “co-living” spaces coming to Downtown may feel awfully familiar to many of their likely occupants. After becoming the leading provider of shared “co-working” offices in New York City, WeWork is introducing WeLive — a low-budget communal living space with […]

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BY COLIN MIXSON Let there be height! Seaport residents thought they escaped the prospect of a light-blocking, supertall tower last year when Howard Hughes Corporation nixed its plans for a 500-foot residential development, but a deal just sealed with a Chinese developer has cleared the way for a skyscraper nearly three times as tall. Howard […]

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BY COLIN MIXSON Fans of opening Brooklyn Bridge Beach got a boost last week when the project received millions of dollars in additional funding as part of a $50-million legal settlement. The Lower Manhattan Development Corporation announced last Friday that $5 million will go to improvements for the southern part of the East River Esplanade, […]

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BY COLIN MIXSON The citywide ferry service plan unveiled last week will allow commuters ply the waterways for the price of a subway ride, according to the Mayor. But the boatload of government subsidies required to keep the cheap new service afloat could lead existing ferry operators to weigh anchor and head for fairer seas […]

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BY YANNIC RACK Once-forsaken Fulton St. is the latest Downtown area to capitalize on the reinvention of Lower Manhattan’s bleak office canyon into a high-end residential neighborhood, going from shabby to chic in a very short time.From the South Street Seaport at one end, to the World Trade Center complex at the other, the narrow […]

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BY COLIN MIXSON Downtown’s really cookin’ with gas. Celebrity chefs are flocking to Lower Manhattan, with more than a dozen high-profile eateries planned to open within the next 18 months, and the ritzy-restaurant invasion is a fine-dining phenomenon unlike anything else in the city, according to a local real estate expert. Battery Park City’s Le […]

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BY YANNIC RACK The NYPD is dispatching additional uniformed officers and traffic enforcement agents to eight elementary schools in Lower Manhattan, in an effort to close much-criticized gaps left by the chronic lack of crossing guards across the area. Until the city finally hires enough school crossing guards to fill the vacancies, the substitutes will […]

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BY YANNIC RACK |  It was perhaps the second-most-anticipated sequel ever. The newly revived Lower Manhattan School Overcrowding Task Force held its first meeting last week since the downfall of its disgraced founder, convicted former Assembly Speaker Sheldon Silver. But the focus wasn’t on the past — instead it was on the future of a new […]

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Happy Lunar New Year!

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It was more fun than a barrel of monkeys! Performers from the New York Chinese Cultural Center came to the Winter Garden at Brookfield Place to ring in the Year of the Monkey with a showcase of Chinese dance, traditional music, and martial arts in a celebration of the Lunar New Year. Downtown Councilmember Margaret […]

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