Ian Schrager says sales at 215 Chrystie St. are strong. There has been no negotiating; “You’re probably paying close to about $8 million for a three-bedroom apartment,” he says. Asked about increased interest in the area, he responds: “I think the neighborhood is right in the center of what’s going on… I think it’s one of the most charming blocks in the city.” (NYT)
The Chinatown-based Lam Group, perhaps New York’s most prolific hotel developer, operates out of a modest building on Centre Street. The firm is looking at strategies to raise more capital (Real Estate Weekly).
Reaction to the landmark commission’s decision (EV Grieve).
Critics Notebook: The mayor’s initiative to fix “35 small community parks is nice. But it doesn’t go nearly far enough.” Instead of raising the budget for park maintenance, he “pretends to entertain the knuckle-headed demand of State Senator Daniel L. Squadron, a Democrat, that private park conservancies fork over money for public parks lacking patron saints.” (NYT)