Showing posts with label columbia university. Show all posts
Showing posts with label columbia university. Show all posts

Dec 14, 2010

Supreme Court OK's Eminent Domain Use for Columbia

1 comments

The United States Supreme Court rejected an appeal Monday from neighborhood businesses. The supreme court OK's use of Eminent Domain for Columbia University's expansion into the Manhattanville section of West Harlem.

Owners filed a lawsuit challenging the Empire State Development Corporation's plan to to use eminent domain to force them out so the university could expand.

The 17-acre site, in the Manhattanville section of West Harlem, is less than a mile from Columbia’s main campus in New York City’s Morningside Heights section. It will add more than 6.8 million square feet to the university, including a new business school and science facilities.

The plan was challenged by the owners of four self-storage facilities and two gas stations that would be razed.

In a statement from the Empire State Development Corporation, a spokesperson said, "This victory represents a significant step toward achieving the many goals of the project, including strengthening New York as an international center for premier education and academic research programs, improving facilities and infrastructure within the footprint and the surrounding community, generating thousands of jobs and creating much-needed open space in the neighborhood."

The state's top court upheld the use of eminent domain for the project. It includes new buildings, two acres of public open space, and tree-lined sidewalks.

Aug 23, 2008

Columbia, NYU, Fordham, Yeshiva - Ranked Top Colleges in the Country

0 comments
U.S. News & World Report's latest list of college rankings ranks Columbia University at number 8.

Other schools in NYC to make the top 100 were New York University at number 33, Yeshiva University at 50 and Fordham University at 61.

The rankings were based on several factors including SAT scores, peer reputation, selectivity, and alumni giving.

To all the new students entering Columbia, NYU, Yeshiva, Fordham and the many other great schools in NYC I wish you all much success.

Parents from all over the country are investing in Manhattan real estate while their children are attending the fine schools here. Many parents are buying condos for their adult children and for themselves and other family members. Children get housing while in school and starting their careers, the parents get a great asset and a pied-a-terre in Manhattan. It is currently a buyer's market in Manhattan and a great time to buy.

Click here to join my VIP Manhattan buyer program to receive apartment listings by email.

Jul 18, 2008

NYS Approves Columbia University Expansion

0 comments
Rendering of new Columbia campus at 131st Street & Broadway

Empire State Development Corporation has adopted the Columbia University General Project Plan and authorized a public hearing for the university’s proposed West Harlem expansion.

The state agency declared the 17-acre expansion footprint as blighted, a necessary step before using eminent domain. Two reports characterized the area by aging, poorly maintained and functionally obsolete industrial buildings, with little indication of recent reinvestment to revive their generally deteriorated conditions.

The $6.28 billion project, which is to be funded entirely by the university, will add up to 6.8 million square feet of new, state-of-the-art facilities in up to 16 new buildings and in an adaptively reused existing building.

The additional space will be used primarily for graduate-level teaching facilities, academic research, housing and recreation, and open active ground floor uses. The proposal also calls for the development of open spaces accessible to the general public, including widened sidewalks, mid-block open spaces, a large square and smaller open spaces.

The site of the proposed expansion of University facilities, which would occur over the next 25 years, is a 17-acre area just north of Columbia’s historic Morningside Heights campus in the Manhatanville industrial section of West Harlem and consists primarily of the four large blocks from 129th to 133rd streets between Broadway and 12th Avenue, including the north side of 125th Street.

The new facilities would also include three properties on the east side of Broadway from 131st to 134th streets. The majority of the construction in the proposed initial phase of the project would occur on the block bounded by 129th and 125th streets on the south and 130th Street on the north, between 12th Avenue and Broadway.

Aug 26, 2007

Columbia, NYU; Apartments - Real Estate Empires

0 comments
Summer is almost over as evidenced today by the crowds of NYU students in Greenwich Village. With a little help from their parents they moved into dorms and apartments in Greenwich Village. Today is NYU "move-in-day."

A similar scenario takes place in Morningside Heights as Columbia University students begin moving in to their dorms and luxury apartments that Columbia owns.

Both NYU and Columbia have been building real estate empires in their respective Manhattan neighborhoods. Both private non profit institutions have real estate holdings worth more than half a billion dollars. Columbia ownes more than 7,000 apartments and it's real estate is worth approximately $635 million. This number excludes the value of wharehoused property it has not yet converted to educational use.

Columbia has ambitious plans to expand the campus from Morningside Heights to include 18 acres from 129th St. to 133rd Street in the Manhattanville section of West Harlem. The expansion plan will take 25 years with phase 1 to be completed by 2015.
The new campus will utilize and convert some existing manufacturing plants in the Manhattanville industrial section including the old Studebaker plant. Open public roads and spaces through the Manhattanville campus will connect West Harlem to the Hudson river waterfront.

While there has been growing community opposition both school's strategy is to build prestige by buying up real estate in an effort to recruit top faculty and students from around the world by offering apartment housing perks in Manhattan.

Many community leaders feel both these private non profit institutions are benefiting at tax payers expense by reducing the city tax revenue by taking so many buildings off the city's tax rolls.

There is no doubt that Columbia and NYU bring cultural, scientific and intellectual prestige to NYC. Many graduates will choose to live in NYC as their careers will be here. They will pay city and state income tax. They might even start whole new industries. They will buy real estate.

Manhattan attracts graduates from top schools from all over the country and abroad. More than 50% of Wharton Business School's class of 2007 have moved to Manhattan.

To all the new students entering NYU, Columbia and all the other fine undergraduate, graduate, law schools and med schools throughout NYC, I wish you all much success.

Parents from all over the country are investing in Manhattan real estate while their children are attending schools here. Many parents are buying condos for their adult children and for themselves and other family members.

For many it is a great investment. Children get housing while in school and starting their careers, the parents get a great asset and a pied-a-terre in Manhattan.

To search Manhattan MLS listings ~ To receive ALL Available Apartment listings emailed.

Feb 17, 2007

Manhattan Neighborhood: Morningside Heights

0 comments
Morningside Heights is the academic quarter of New York City. It stretches irregularly from north of 96th Street to about 123rd Street between Morningside Park and Riverside Park on the Upper West Side of Manhattan.

From the top of a 135-foot bluff, it overlooks the Hudson River on one side and Harlem on the other. It is about 15 minutes from midtown Manhattan by subway. With apartments on the "Gold Coast" of Riverside Drive selling for well over $1,000,000, Morningside Heights is one of th granted scenic landmark status toe more desirable residential neighborhoods in Manhattan.

The area that is now Morningside park was described as "inconvenient for use" by a city surveyor in 1867, meaning difficult to build property on, so it was made into a park, which was called "Morning-side park" because its east facing slope catches the morning sun.

The neighborhood that developed around the park became Morningside Heights.


Morninside Park is located on a long a rocky ledge extending from 110th to 123rd streets and between Morningside Drive and Manhattan Avenues and Morningside Avene is comprised of approximately 30 acres that were excluded from the street grid under a proposal

Built on a steep incline, multiple playgrounds nestle at the bottom of its cliff-like hillside, and visitors pause along its heights to take in a unique view. Winding paths bordered with flowers and trees lead to a cascading waterfall, across from which local teams play on its baseball fields. Parents bring their children to play in its playgrounds and learn in its after-school program, and on Saturdays local farmers sell their goods in an outdoor market.

For many years, the Cathedral of Saint John the Divine, tried to get people to call the area Cathedral Heights, but was unsuccessful. The Cathedral, built before the impact of skyscrapers was intended to tower over the city. It does not, but West 110th Street is called Cathedral Parkway.


Morningside Heights is currently home to about 35,000 people, and over the years has housed a long list of famous individuals, intellectuals and students, charming bookstores, cafes and bars as well as world-renowned institutions, including: 
  • Columbia University            
  • Grant's Tomb
  • Barnard College
  • Union Theological Seminary                                                                            
  • Jewish Theological Seminary                 
  • Bank St. College of Education
  • Manhattan School of Music
  • Cathedral of Saint John the Divine
  • Riverside Church
 
HOME

This blog site is designed and published as a consumer service by local real estate broker to help Manhattan, New York City buyers, sellers and renters make informed real estate decisions. This site and its feeds are owned and operated by Mitchell J Hall, a NY State licensed real estate associate broker associated with The Corcoran Group and member of the Real Estate Board of New York.

Legal Disclaimer - The opinions expressed here are those of the authors and do not neccessarily reflect the opinions or policy of The Corcoran Group. This site is not the official website of The Corcoran Group or its affiliated companies, and neither The Corcoran Group nor its affiliated companies in any way warrant the accuracy of any information contained herein. Any product and/or services offered for sale on this website shall not be considered an offer to sell such goods and/or services in any state other than New York.

Legal Disclaimer - Information on this site is not intended as legal or financial advice. - All material herein is intended for information purposes only and has been complied from sources deemed reliable. Though information is believed to be correct, it is presented subject to errors, omissions, changes or withdrawal without notice. I operate a business that supports Fair Housing.“We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the nation. We encourage and support an affirmative advertising and marketing program which there are no barriers to obtain housing because of race, color, religion, sex, handicap, familiar status or national origin.”

© Copyright 2006 -2014 © nyc BLOG estate Al l Rights Reserved