–Construction on East Houston Street has entered its sixth year. While promises have been made about completing the project this year, “details remain vague.” [Channel 2]
–“The Lower Manhattan real estate bubble is bursting.” There are 31 towers with more than 5,000 apartments in the pipeline, the vast majority of them luxury units. [Business Insider]
–U.S. Attorney Preet Bharara, the man who took down Sheldon Silver, “is attempting to frustrate transparency about his own actions in office—and perhaps also accountability for an abuse of prosecutorial power.” [Wall Street Journal-subscription required]
–State Sen. Daniel Squadron’s proposed legislation to close the “LLC loophole” passed from one committee to another. Now he’s pushing for an up-or-down vote on the Senate floor by the end of the session. [Times Union]
–An “experimental living room” on the Lower East Side: Two designers, who run the brand, Material Lust, have opened an ‘annex” for textiles on Chrystie Street. [New York Times]
