While the 11 acre Citistorage site that was promised to become a park is still not owned by the city, NYC has purchased a nearby plot of 7 acres. From [Read more...]
The William Vale Hotel (aka the towering hunk of concrete on Wythe Ave that resembles an evil lair from a superhero movie) is set to open in April of this year. From [Read more...]
This weekend The Aerie Collective premiers in New York City with the first of two events at The Wythe hotel. “We want to treat our guests to an experience,” says The Aerie Collective co-founder Laura Sniderman. “One which leaves them convinced that their everyday can be beautiful, inspired and healthy.”
Together with co-founders and twin sisters Elle and Claire Bourgeois, Sniderman aims to reverse the concept of a retreat. “The need is closer to home,” she says. “People often feel as if they must step outside of their lives to feel empowered, connected and alive. But why? This question acted as the spark that ignited our initial Urban Retreat.”
Brooklyn is now officially the fastest growing apartment submarket in the country, according to Forbes. Last year, 969 new apartment units came to market. And this year Brooklyn will gain an unfathomable 6,073 apartments.
And demand is high! 97.4% of Brooklyn apartment units are rented and occupied.
What does that mean for you, dear Williamsburg resident? In terms of inventory, Williamsburg made up 21% of the new units in 2015, the most amongst Brooklyn neighborhoods. And Williamsburg also saw the greatest increase in average rents, rising 10.5%: $3,167 up to $3,499. Great. So we’ll get a majority of the units, which will also be the most expensive.
This large increase is mostly attributed to the 509 rental unit building at 1 N.4th Place that you’ve undoubtedly seen advertised in your social feeds.
In a sentence: in 2016 Williamsburg will get thousands of new apartments, the most expensive apartments in Brooklyn.
Hell, 2017 is already slated for 2,001 new apartments.
And the Whole Foods opens next month.