Signs of activity emerge at notably vacant site on Sixth Avenue in Midtown

Signs of activity emerge at notably vacant site on Sixth Avenue in Midtown

Finally, there’s some action at the long-stalled development site on Midtown’s Sixth Avenue. Morris Moinian’s Fortuna Realty demolished an eight-story building at 1150 Sixth Ave., positioned between West 44th and 45th streets, more than a decade ago, but plans for a hotel never materialized. Recently, posters from the Department of Buildings appeared on the plywood […]

Over 300,000 vacant lots could help address the US housing deficit, according to Zillow

Housing market remains constrained as average home prices linger around $400,000

Housing Shortage and Vacant Lots in America Former Miami Mayor Francis Suarez recently highlighted that Miami’s consumer price index has surged by 36% since 2019, surpassing even New York City’s costs. He discussed pressing issues such as middle-class housing affordability and the challenging situation in Cuba. A new study from Zillow suggests that over 300,000 […]

Manhattan retail recovery is described as ‘strong’ despite vacant storefronts.

Manhattan retail recovery is described as 'strong' despite vacant storefronts.

Manhattan Retail Report Q1 Highlights Ongoing Recovery The Real Estate Board of New York has just put out its first-quarter report for Manhattan’s retail sector, and, unsurprisingly, the main takeaway suggests that retail is bouncing back robustly. Additionally, while not part of REBNY’s analysis, WWD has reported that the luxury jeweler David Yurman is set […]

Many vacant seats at the South Korea-Czech Republic World Cup match

Many vacant seats at the South Korea-Czech Republic World Cup match

Concerns Over World Cup Attendance in Mexico At first glance, the situation isn’t ideal for FIFA. During Thursday’s World Cup match between South Korea and the Czech Republic in Guadalajara, Mexico, many seats remained unoccupied. The concern was largely over high ticket prices. Still, FIFA claimed there was a near-capacity crowd of 44,985 attendees. However, […]

Inside the LA County vote counting center with many vacant desks despite a budget of $336 million

Inside the LA County vote counting center with many vacant desks despite a budget of $336 million

While ballots are being tallied in Los Angeles and across California, a visit to the county’s expansive 144,000-square-foot ballot processing facility on Thursday revealed many empty workstations. This scene felt somewhat contradictory considering the pressure to handle the hundreds of thousands of unfinished ballots. County officials announced on Wednesday that only 77,521 ballots had been […]

Vacant preschools in NYC cost taxpayers almost $100 million in rent alone

Vacant preschools in NYC cost taxpayers almost $100 million in rent alone

New York City’s Struggles with Preschools: Millions Spent, Buildings Vacant New York City has used almost $100 million in taxpayer money to lease over 20 buildings for preschools, but six months later, none of them are operational, according to reports. Currently, the city is still covering rent and utility costs for 28 facilities—an investment that […]