Buckling scare puts MetroLoft’s ‘scoop-and-stack’ playbook under microscope
The dramatic structural failure at MetroLoft’s conversion of Pfizer’s former Midtown headquarters is drawing attention to one of the developer’s signature redevelopment techniques. The temporary evacuation around 235 East 42nd Street earlier this month, after columns buckled and floors sagged during
Jack Welch’s widow sells Upper East Side townhouse for $23M
Suzy Welch has completed her push to downsize on the Upper East Side. The author and widow of former General Electric CEO Jack Welch sold her Upper East Side townhouse at 160 East 81st Street for $23 million, property records show. Welch had listed the home in November with Corcoran’s Deborah Grubm
New dev deals sink as Manhattan luxury contends with shrinking pipeline
Manhattan is logging fewer inked deals for luxury new development properties. Over the last four weeks, buyers have signed just 12 contracts to purchase sponsor units in the borough asking $4 million or more, a significant drop-off from the decade average of 28 for the same period, according to a re
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