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Wage War Between Dems, Affordable Housing Advocates
Mr. Lopez at work. A rare divide has formed between Democrats and affordable housing advocates over a prevailing wage provision in the extension of the popular 421-a tax credit. Those advocates say...
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Watching the City’s Window Washers
The vast number of glass towers rising in the New York City skyline--think 1 World Trade Center, One57, 7 Bryant Park--and a recent New York Times article on the subject got The Commercial Observer...
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Kuafu Seeks Nearly $50M in EB-5 Money for East 86th Street Project
Following a recent trip to China, executives from Kuafu Properties have started bringing in foreign financing through the EB-5 visa program for their $340 million East 86th Street mixed-use...
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No Longer an Insane Asylum or a Prison, Roosevelt Island Is in a Construction...
In 1887, the writer Nelly Bly voluntarily boarded a boat for Blackwell’s Island where she would spend 10 days in an insane asylum. Her work exposing the brutal treatment of patients on the...
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Bebe Closing West 34th Street Store as Company’s Brick-and-Mortar Biz Dies
Bebe, a 1990s favorite for women’s fast fashion, is shuttering its ground-floor store at 1 West 34th Street between Fifth Avenue and Avenue of the Americas, according to a notice the company filed with...
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A Slimmed Down Clinton Foundation Heading to 1633 Broadway
The Clinton Foundation is moving its offices from 1271 Avenue of the Americas to 1633 Broadway, Commercial Observer has learned, months after the shutdown of the foundation’s Clinton Global Initiative....
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On Thin ICE: How Trump’s Immigration Stance Is Impacting the Construction...
Walk by any active construction site and you will no doubt see sweat-drenched workers like Miguel Mijango clad in T-shirts, jeans and steel-toed boots. He came to the United States with his father from...
View ArticleIce Cream Shop Ample Hills to Lay Off 101 Employees in New York City
Popular Brooklyn-based ice cream shop Ample Hills Creamery will lay off 101 employees throughout its 14 New York City locations, nearly two weeks after the chain filed for bankruptcy, according to a...
View ArticleNew York State Added 41K Jobs in October as Jobless Rate Ticks Down
New York State added 41,300 private-sector jobs in October as the unemployment rate trickled down slightly to 6.9 percent from 7.1 percent, according to data from the New York State Department of Labor...
View ArticleNYC Sees Hospitality Job Gains in September as Hopes for Strong Holiday...
All New York City’s hospitality sector wants for Christmas is 2019, and it might finally get closer to its wish this year. Gains in hospitality jobs helped drive unemployment in the city down from 6.6...
View ArticleRuth’s Chris Steak House to Close Midtown Restaurant
The pandemic is continuing to drive a steak through the hearts of some Manhattan restaurants. The Midtown location of Ruth’s Chris Steak House at 148 West 51st Street will close at the end of April...
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