4th Avenue, the Boulevard of Broken Promises?
Streetsblog takes an in-depth look at how 4th Avenue has developed since the ’03 upzoning (when Marty Markowitz said it would become “a grand boulevard of the 21st Century”), and it doesn’t like what it sees. Crappy architecture? Check. The Novo looms fortress-like over the playground next door, while…the Crest greets passersby with man-sized industrial…
Streetsblog takes an in-depth look at how 4th Avenue has developed since the ’03 upzoning (when Marty Markowitz said it would become “a grand boulevard of the 21st Century”), and it doesn’t like what it sees. Crappy architecture? Check. The Novo looms fortress-like over the playground next door, while…the Crest greets passersby with man-sized industrial vents. Negative contributions to street life? Check. These new developments turn their back on the public realm. They burden the sidewalk with intake vents, garage doors and curb cuts while encouraging future residents to go take advantage of the healthy street life and public amenities just up the block. But is there hope? Maybe. Massey Knakal’s Ken Freeman, who specializes in the area, believes there’s a place for large stores on the strip, and that more developers will choose to go mixed-use, rather than straight-up residential, with their buildings. Freeman says that even the Novo and Crest could possibly be (somewhat) salvaged: “I do think there’s an opportunity to retrofit.” What do you think? Any reason to be hopeful?
New York Can Do Better Than the New Fourth Avenue [Streetsblog]
Interesting Question: Does Brooklyn’s ‘New Park Avenue’ Suck? [Curbed]
Hey What – Where have you been for the last 2 weeks or so?
Despite many people wishing you would disappear above there was alot of lamenting about your absence on the boards.
“But, What if the underling assets lose value??!! In the next 5 years you will have first wave of Baby-Boomers retiring. This will put a enormous strain on our government. Plus you will have a rising interest rate and a declining Asset market. Retirement is not an option for millions of people. The main thing that no one talking about, If people walk away it could bring back Urban-Blight. You “investment could turn to shit.”
Any investment can turn to shit you moron – Gold, oil, treasuries, etc…. all have had periods of huge declines in value. So WHAT, the What. You clearly have no idea about investing, diversification or risk
“I generally get about a 10 to 15% pre-tax return. Any appreciation is gravy. I don’t have a clue about “emerging assets” and I couldn’t care less. At the end of the day, I make money every month, year after year, and I have something solid to retire on.”
But, What if the underling assets lose value??!! In the next 5 years you will have first wave of Baby-Boomers retiring. This will put a enormous strain on our government. Plus you will have a rising interest rate and a declining Asset market. Retirement is not an option for millions of people. The main thing that no one talking about, If people walk away it could bring back Urban-Blight. You “investment could turn to shit.
“BTW, intelligent people can generally make their point without using obscenity, or name calling. You sound like you were raised in the gutter”
No Assfuck, intelligent prople do intelligent things and say intelligent shit. Iintelligent pepole don’t follow the assholes off the cliff. Yes I was raised in the gutter of Bed-Stuy. Now I will say this, Go Fuck Yorrself.
The What
Someday this war is gonna end…
“No asshole, You are a fucking serf. You are working for the moneyed interest of Bankers. ”
Which Bankers? The ones that lost 100B on RE loans? –
Seems like a 10% return on Real Estate Income makes 2:48 a hell of alot smarter then any “bankers”
“Why do you allow “The What” and others to coarsen the dialogue of these threads? I am not requesting that any ideas be purged. Rather, I am requesting that you insist that some level of decorum be maintained. There is no reason for “The What” and others to use this type of language to express their ideas.”
Aw, The internet suppose to be civil. I mean you have child porn, self mutilation, shit eating and GOD know what else.
“There is no reason for “The What” and others to use this type of language to express their ideas.”
No Bitch, I tried to be civil. America is fucked up by greedy fuckers and I have to pay for that. Higher Mortgage Rates, Gas Prices and Food Prices. So go fuck your self. See how that works.
The What
Someday this war is gonna end…
To Mr. The What:
I generally get about a 10 to 15% pre-tax return. Any appreciation is gravy. I don’t have a clue about “emerging assets” and I couldn’t care less. At the end of the day, I make money every month, year after year, and I have something solid to retire on.
BTW, intelligent people can generally make their point without using obscenity, or name calling. You sound like you were raised in the gutter.
Brownstoner;
Why do you allow “The What” and others to coarsen the dialogue of these threads? I am not requesting that any ideas be purged. Rather, I am requesting that you insist that some level of decorum be maintained. There is no reason for “The What” and others to use this type of language to express their ideas.
“Bank cannot risk capital for fucktards to buy overpriced shit.”
You lifted that line out of the Wall Street Journal. That’s cheating, What!
Ok Stupid. Here we go. When was the last time you looked for a mortgage or looked at a rate matrix? The risk spread is wider. Bank cannot risk capital for fucktards to buy overpriced shit. Would you loan someone money knowing the assets was falling in price?
“I am a real estate investor. I own a couple of buildings in Bushwick. I get my financing from a traditional lender and they are more than willing to lend on properties that make sense. I put 25% down and that has not changed in five years. These are not high risk deals and funding is still readily available.”
No asshole, You are a fucking serf. You are working for the moneyed interest of Bankers. How much do you keep after expenses, I bet not very much. You are servicing a heavy Debt-Load and you are so fucking stupid you don’t realize it. If you took the 25% and invested into emerging assets (Gold, Energy and Treasuries) you would’ve far ahead. Plus you wouldn’t put up with tenant issues.
“I know I probably should just ignore “The What””
No Assfuck I probably should just ignore you
The What
Someday this war is gonna end…