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Recognizing that public policy making involves choice, not submission to inevitable facts of life that always have been and always need to be. In mid-2013, Elaine Diratz, senior managing director of Corcoran Sunshine Marketing Group, noticed that the one-bedroom condos at 515 East 72nd Street, formerly known as Miraval Living, were selling briskly. Diratz, whose firm was handling the marketing of the 329-unit conversion near the East River for developer Acheson Doyle Partners, soon put her finger on the reason behind the quick pace of sales: major milestones in the construction of the Second Avenue Subway, a little more than two blocks away.
Sales were lagging behind until it became clear the subway was really getting closer to completion, Diratz said. The Second Avenue Subway — which will eventually run 8.5 miles from 125th Street to Hanover Square — has been on the drawing board for decades, variously championed by politicians, transit advocates and urban planners. And the real estate industry, of course, has a vested interest in the project coming to fruition. Prices on the Upper East Side east of Third Avenue have traditionally lagged those west of the avenue and closer to Central Park. This dearth of a subway has not only translated into traditional buyer reticence: It’s meant lower condo and co-op prices for the Upper East Side east of Third Avenue.
The average sales price per square foot for condos on Third Avenue and eastward increased 11.4 percent in 2013 from the previous year, according to CityRealty. Those increases are playing out at places like 230 East 63rd Street, a condo conversion with six floor-through units less than half a block from Second Avenue.
All rights reserved © 2016 The Real Deal is a registered Trademark of Korangy Publishing Inc. Two of the perks of being college professors are that we don't usually have to ride the subway during rush hour and we get to tell the truth about politicians. The first section of the line, a 1.5 mile segment from 96 Street to 63 Street should open by 2017 after nearly a century of false starts. The Lexington Avenue Line is the only subway on Manhattan's east side and it already carries more passengers than the combined ridership of San Francisco, Chicago, and Boston's entire transit systems.
When it is complete, the Second Avenue subway will be 8.5 miles long extending from East Harlem down to Lower Manhattan. Our esteemed city leaders promised a working Second Avenue line in the 1920s, '30s, '40s, '50s, '60s, '70s, '90s, and 2000s. The most recent incarnation of the Second Avenue Subway was born about 15 years ago when the MTA did something smart.
The state and city are now facing a major dilemma about beginning the second stage to 125 Street.
The governor, who controls the MTA board of directors, will make the final decision about its capital program.
Our guess is that he is going to announce that New York is still committed to building stage two, but he is going to take away nearly all the funds allocated for it. If that doesn't sound like a good way to travel on the East Side in the future - and it sounds awful to us - you might want to consider calling your elected representatives. Plotch is an assistant professor of political science and director of the Masters in Public Administration program at Saint Peter's University in Jersey City. Bloom is associate professor at the New York Institute of Technology where he is also Chair of Urban Administration and Interdisciplinary Studies.
Gotham Gazette is published by Citizens Union Foundation and is made possible by support from the Robert Sterling Clark Foundation, the John S. Steeplechase Park was the first of Coney Island‘s three original amusement parks (in addition to Luna Park and Dreamland) and its longest lasting, operating from 1897 to 1964.
The first phase of construction of the MTA’s new Second Avenue Subway has been an enormous undertaking.
Urban Omnibus is the Architectural League’s online publication dedicated to defining and enriching the culture of citymaking.
Footer TextThe Architectural League of New York nurtures excellence in architecture, design, and urbanism, and stimulates thinking and debate about the critical design and building issues of our time.
There were more than 70 closings between summer 2012 and summer 2013 — about half the building’s 142 one-bedrooms. The milestones included some of the last subterranean blasts for the first phase of the project, from 63rd to 96th streets, which is scheduled to debut by the end of 2016. Commuters, tired of crowding onto the overstrained Lexington Avenue line, the only other subway serving the Upper East Side, were among the most vocal in pushing for the new “T” line, as it’s dubbed.


For the first time, developers and brokers are reporting a spike in buyer and investor enthusiasm for developments east of Third Avenue, because of the recent progress on the Second Avenue Subway. In 2013, the average sales price of an Upper East Side condo from Third eastward was $1.57 million, according to an analysis from Pete Culliney at real estate data provider CityRealty. While it’s unlikely Second Avenue — or avenues even farther east — will ever overtake swanky Fifth and Park in terms of price, they could more rigorously compete with Third and Lexington avenues.
A penthouse there went into contract earlier this year asking over $4 million, and after a bidding war that included an outfielder for the New York Yankees, according to Steinberg, the broker representing the developers.
Michael D’Alessio, whose firm Michael Paul Enterprises LLC is developing 230 East 63rd, said he picked the early 20th-century building for a condo conversion in part because of the subway.
For those of you who do have to deal with the morning crush, we have both good and bad news about the mythical Second Avenue Subway. This new Upper East Side line is expected to carry about 200,000 riders per day, a higher ridership than Los Angeles's 17 mile subway system. During peak periods, passengers so crowd the subway cars and platforms that they are slowing down trains at stations, reducing the number of trains that the MTA can operate, and making the crowded conditions even worse. It's a shame that so many politicians made these promises because if they had been more realistic, the city might never have torn down the elevated train lines that once ran above Second and Third Avenues from the Bronx to the Lower Manhattan. Well, unless you're young enough that a parent is still packing you peanut butter and jelly sandwiches for school every day - maybe not in your lifetime.
Its planners made sure the line would be built in stages so that each stage would have benefits even if the whole line was never completed. The MTA is facing a massive $14 billion hole in its five-year capital program and already has over $34 billion in outstanding debt even before it begins the next phase of the Second Avenue.
First, the city is continuing to encourage both new residential and commercial growth along the east side. The MTA could replace fewer subway cars, fix up fewer subway stations, or buy fewer new buses. The MTA can hire "oshiyas," outfit them in snazzy uniforms and white gloves, and have them push people onto overcrowded rush hour trains.
He is the former director of World Trade Center Redevelopment and Special Projects for the Lower Manhattan Development Corporation, and the former manager of planning for New York's Metropolitan Transportation Authority. One such anomaly is Ranger Properties’ recently opened rental building known as the Baker House. Remarkably, after debuting on the market just earlier this year, the leasing agents at Modern Spaces have all but one of the units accounted for. The Youthful Cities Global Millenial Survey by the data jocks at Decode interviewed 15,000 millennials in 34 cities throughout the world, then divided the results by continent. North American respondents saw affordability as the top concern, followed by employment, safety, and decent public transportation. Most notable, however, is the appearance of Crown Heights resident and co-founder of the Crown Heights Tenants Union, Donna Mossman, who speaks candidly about the evictions, injustice and other ills that come with this particular kind of change. Nancy Ruddy and her husband Jon Cetra formed the firm back in 1987, and over the decades that followed the pair built an architectural powerhouse that’s erected countless buildings across the globe. It still retains details of the former warehouse building and boasts an undeniably lofty interior. As a vital, independent forum for architecture and its allied disciplines, the League helps create a more beautiful, vibrant, innovative, and sustainable future. They say property values on and around Second Avenue, as well as prices for condos and co-ops, could increase more than 20 percent because of the new line.
Meanwhile, for the Upper East Side overall, what Culliney calls “core East Side,” it was $2.34 million. He says sites like his proximate to Second Avenue could go up 20 to 25 percent in value as the subway rumbles to life. It will connect with the Q train so that you will be able to travel from 96 Street down Second Avenue, west across 63 Street and then down Broadway without having to transfer.
Once the first section of the Second Avenue Subway is completed, the Lexington Avenue Line trains will not only be less crowded, but also more reliable and faster. Likewise, the MTA would not have started construction in the 1970s only to abandon tunnels a few years later. Second, the MTA is completing construction of the East Side Access project that will connect the Long Island Rail Road with Grand Central Terminal where thousands of riders every day will transfer to the 42 Street station on the Lexington Avenue line.


It might have to postpone plans to replace tracks, signals, and its other critical and aging infrastructure. Cuomo will never get credit for having the idea to build the Second Avenue Subway line and he will not be in office long enough to take credit for its completion.
Some reasons why comments might get deleted: inappropriate or offensive content, off-topic remarks or spam. Rising a modest nine floors within the human-scaled confines of the Dutch Kills section of the neighborhood, the 47,000 square-foot building was designed by Fogarty Finger Architects and boasts a tasteful exterior of red brick, metal and staggered floor to ceiling glass windows. But while their breadth of work touches everything from the educational to hospitality to the cultural, here in Manhattan, it’s their luxurious residential designs that stand out. But it’s also been decked out with plenty of high-end finishes, like new plank floors and a custom wood and steel staircase leading to a lofted bedroom. The challenge of communicating the scale of a project hidden hundreds of feet underground is enormous. How do you keep public information flowing and engage the residents most affected in the face of construction, street closures, delays, and inquiries into the project’s massive budget? How do you explain to residents why their street is closed while simultaneously inspiring a sense of curiosity and wonder at the scale and intricacy of the project and its engineering, history, and impact on the future of transit in Manhattan? So did the recent buyer of 230 East 63rd’s second-floor unit, which went to contract earlier this year for “very close” to its $3.14 million asking price, Steinberg said. You will never have to actually ride under Second Avenue to appreciate its benefits though, because this segment will reduce congestion on the Lexington Avenue Line's overcrowded 4, 5, and 6 trains by more than 10 percent.
The third station will provide the most benefits: 125 Street at Lexington Avenue where passengers will be able to connect with both the Lexington Avenue line and Metro-North Railroad.
He is also talking about another megaproject– an elevated train connection to LaGuardia Airport. The $1.5 billion proposal for just starting the next phase of the Second Avenue Subway will clearly be one of his biggest targets.
All residences are outfitted with white oak hardwood floors, Carrara marble baths, and open kitchens with Pedini cabinets and Bosch appliances. Ahead, CityRealty catches up with co-founder Nancy Ruddy about a few of CetraRuddy’s more recent residential commissions, as well as what went into designing what might be their most recognizable tower, One Madison.
Since he has already called the MTA capital program bloated, it is clear he is going to be making cuts. And in New York, projects like these take longer and cost more than originally anticipated.
MetroFocus takes a look at some of the biggest transportation projects happening now in the metropolitan region. Work on the eastbound lanes to the city starts this August and is scheduled to go on until 2013.
With the high density of people living on the Upper East Side, the need for an additional subway line feels dire, especially during workday rush hour time.
Indeed, plans for a new subway line were discussed as far back as 1929, according to the MTA.The first of four phases of the new Second Avenue line broke ground in 2007 and will reroute and extend the Q line to also serve 63rd to 96th streets along Second Avenue.
Eventually, a new T subway line will run from 125th Street in Harlem to Hanover Square in Lower Manhattan.The Second Avenue Subway project has seen its fair share of delays and has greatly affected the area surrounding its construction.
Businesses have lost customers, available storefronts have remained empty or have lowered their rent, air quality concerns have been raised and residents have complained of constant construction noise, even in the nighttime hours. Photo courtesy of the MTA.The extension of the number 7 subway line that runs from Flushing-Main Street in Queens to Times Square-42nd Street in Midtown Manhattan has been drastically cut back from its original plan. While the second Manhattan stop is possible and dependent on funding, MTA Commissioner Joe Lhota said the extension to New Jersey was highly unlikely.Bloomberg proposed the extension, which would have been the first time an MTA subway line crossed out of New York City, in 2010.
It was designed to carry 100,000 vehicles a day but now carries 138,000 and has no shoulders or emergency lanes. Replacing the bridge, not repairing it,  is a priority of the Cuomo Administration, and the federal government had pledged to help, too. An earlier post incorrectly stated that phase one of the Second Avenue line would introduce the new T line between 63rd and 96th streets. Walter, The Dorothy Schiff Endowment for News and Public Affairs Programming, the Corporation for Public Broadcasting, Jody and John Arnhold, the Robert C.



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