New York City saw more 12,800 units open in the first half of this year, with another 31,000 expected to open by 2020, according to an analysis from Localize.city.Nearly 60 percent of the new units are opening in the top 10 neighborhoods; more than a quarter are in just three neighborhoods: Long Island City, Williamsburg and Bushwick.
Some 2.4 million American homes and businesses worth more than $1 trillion are at risk of “chronic inundation” by the end of the century, according to a report out Monday. That’s about 15 percent of all U.S. coastal real estate, or roughly as much built infrastructure as Houston and Los Angeles combined.
The sweeping new study from the Union of Concerned Scientists is the most comprehensive analysis of the risks posed by sea level rise to the United States coastal economy. Taken in context with the lack of action to match the scale of the problem, it describes a country plowing headlong into a flood-driven financial crisis of enormous scale.
A useful tool not just for L-Train Hell but understanding commute times from various locations in the City and hopefully additional cities.
Endless train delays and calcifying surface traffic have lately painted the New York City transit experience a deep shade of red. Soon, commuters will unlock a fresh level of hell when the tunnel housing the L train closes for 18 months to address Hurricane Sandy damage. Starting as early as 2019, the shutdown of the tunnel—and all L train stations west of Bedford Avenue in Brooklyn—will directly impact the 250,000 riders who shuttle between Brooklyn and downtown Manhattan every day.
The map isn’t only great for arguing about whose commute is about to suck the most. You can also debate how travel options compare, for better and for worse, as they presently are. Dropping a single pinpoint onto the map reveals, in shaded color, relative access by train and bus from that location to everywhere else in the city. Bed-Stuy is a transit-friendly place to live, with lots of places easily accessible:
Last week the New York Public Library made over 180,000 images from their digital archives available in the public domain, and free for high-resolution download. Not only are the images available for download, but since they are in the public domain and free of any copyright restrictions, users have the freedom to get creative and alter, modify, and reuse the images in any manner they see fit. Featuring a wide variety of images including drawings, engravings, photographs, maps, postcards, and in some cases, digitized copies of entire books, the collection has been noted for fascinating historical artifacts such as a set of color drawings of Egyptian gods and goddesses, and a digitized book from the 18th century containing over 400 color plates depicting various current and historical fashion trends.
The BritishLibrary has continued to release images from its digitized collection, now bordering over one million images on public image-sharing platform Flickr, reports Quartz. Since 2013, the institution’s “Mechanical Curator” has been randomly selecting images or other pages from over 65,000 public-domain books from the 17th, 18th and 19th centuries.
The U.S. overwhelmingly remains the most popular place in the world among foreign commercial real estate investors to place capital, according to the 23rd annual survey among members of the Association of Foreign Investors in Real Estate (AFIRE).
New York City returned to its accustomed spot as the top global market for foreign investment in real estate after being briefly displaced in 2014 by London. With the exception of last year, New York has held the top rank both globally and among U.S. cities since 2010.
NYC Recaptures Top Global Investment Market in Foreign Investor Survey – CoStar Group.