Daily Archives: January 28, 2014

13 Oddball Examples of Reclaimed Soviet Architecture | Armonk NY Real Estate

 

14 images

Since the fall of the U.S.S.R. in 1991, Russian and former Soviet satellite governments and city planners have been muddling through ways to redefine and reclaim architecture left in the wake of a world power’s dissolution. It’s a question of how to assess and celebrate Soviet buildings, which have gross cultural weight as harbingers of the Space Age and Brutalist aesthetics, while making room for modern needs; sensitively memorializing the past with plenty of airspace for the future. The ways Soviet structures have been rehashed and reconfigured seem innumerable, if incredibly fascinating to unpack. Below, 10 ways governments, artists, and planners have used the spaces:

 

 

http://curbed.com/archives/2014/01/28/13-oddball-examples-of-reclaimed-soviet-architecture.php

Home prices increase 13.7 percent from 2012 | Bedford Hills NY Real Estate

 

Home prices extended a winning streak in November, with 2013 shaping up as the best year for gains since 2005, according to the S&P/Case-Shiller indexes.

The composite 20-city home price index, a key gauge of U.S. home prices, was up 13.7 percent in November from a year earlier. All 20 cities have posted year-over-year gains for 11 straight months.

Prices in the 20-city index were 0.1 percent lower than the prior month, but that’s mostly due to the weaker winter selling season. Adjusted for seasonal variations, prices were 0.9 percent higher month-over-month. Nine of the 20 cities posted a monthly declines, though on a seasonally adjusted basis priced no city saw a drop.

Though home-price gains have been strong, the Case-Shiller data are lagged. Many expect increases to moderate this year.

“The rapid gains in house prices over the past year are the result of low inventories of homes for sale and strengthening home buying activity. But a slowdown in the pace of house price appreciation is in store for 2014,” said Paul Diggle at Capital Economics. “We are anticipating a meaningful increase in the supply of homes for sale. The survey evidence suggests that rising prices are motivating more owners to list their homes. And judging by the recovery in housing starts, the inventory of new homes for sale is also set to rise strongly.

 

 

http://realestate.msn.com/blogs/post–home-prices-increase-137-percent-from-2012

The Inn at Pound Ridge by Jean-Georges: First Look | Pound Ridge Real Estate

 

The first answer is yes. You should go to the Inn at Pound Ridge by Jean-Georges. That is, if you can get in. A reservation at the restaurant, owned by celebrity chef Jean-Georges Vongerichten, is the hottest ticket in Westchester since Blue Hill at Stone Barns opened in 2004.

lj012214inn24 The downstairs dining room, which was not open the evening I went, but all lit with beautiful candles anyway.

The second answer: very good. The food is beautifully presented, and the flavors shine with signature Jean-Georges magic: a little heat, a little sweet, a little acidity, a little umami. The chef is Blake Farrar, who formerly cooked in Jean-Georges’ restaurant The Mark in Manhattan.

lj012214inn25 Booths downstairs.

The third answer: gorgeous. The renovations of the building, a former inn and restaurant dating from 1833, will leave you slack-jawed. A big white-brick fireplace is the centerpiece of the dining room. The decor is mid-century-modern (elegant wood tables and chairs), vintage (mismatched silver and linens) and farmhouse chic (reclaimed barn wood, exposed beams), all rolled into one.

lj012214inn26 A fireplace downstairs.

The fourth answer: it won’t break the bank — unless you want it to. Entrees range from $25 to $38. If you’re there for a celebration, you can spend $300 on a bottle of wine. If you’re there on a Tuesday, you can get an appetizer and a pizza and be out of there for under $50.

lj012214inn31 The busy dining room upstairs.

Food writer Megan McCaffrey and I had a reservation for opening night, but because of the snowstorm, we decided to change it to Wednesday. It meant we missed Martha Stewart and Richard Gere, but lucked in to a sighting of Ryan Reynolds and Blake Lively.

It also means the restaurant had one more day to work out kinks. Besides a little technical difficulty with the check at the bar and the extra salt on our fries, we didn’t notice many.

Because we changed our reservation at the last minute, we could only get in at 5 p.m. (I think I was the first customer at the restaurant!) We ordered drinks at the bar while the staff scurried around, getting the dining room ready for the evening.

lj012214inn01 My Manhattan.

The bar is small — about 10 seats — and there are 10 or so tables in the lounge alongside it.

lj012214inn02 Tables in the lounge.

The lounge and dining room are separated by a banquette (for both). The dining room has a soaring ceiling, but feels cozy nonetheless.

lj012214inn10

This is not a review, just our first impressions of a restaurant on its second night open to the public. But here’s a look at the food. It was all terrific, though a couple of dishes were heavy handed on the salt.

Our first dish was the Peekytoe Crab Crostini with Garlic Aioli ($14). It came on a rye toast, considerately cut into four pieces, which made it easy to share. Sweet and buttery, and just as good as when I had it at ABC Kitchen.

 

 

http://food.lohudblogs.com/2014/01/27/inn-pound-ridge-jean-georges-first-look/?utm_source=dlvr.it&utm_medium=twitter

Walker Tower PH Sells For $50.9M, Sets Downtown Record | Bedford NY Real Estate

 

wt2.jpg [Inside Penthouse One, photo via NY YIMBY]

As expected, the penthouse of Chelsea’s highly-acclaimed Walker Tower sold for more than $50 million, setting a new record for the most expensive home ever sold in Downtown Manhattan. The Journal reports that the all-cash deal closed for $50.9 million, and, evidently, the unnamed buyer was in the space “less than five minutes” before stating “I’ll take it.” Because $50M spur-of-the-moment decisions are never a bad idea.

The full-floor, nearly 6,000-square-foot unit was listed last September for $55 million, and by the end of October, the Times reported that it entered contract for “slightly less than ask.” Can $4 million be defined as “slightly”? No matter, the sale takes the title away from the penthouse of 18 Gramercy Park, which sold for $42 million to the owner of the Houston Rockets in 2012.

 

 

http://ny.curbed.com/archives/2014/01/27/walker_tower_ph_sells_for_509m_sets_downtown_record.php

$1.349M buys you home designed by Mount Rushmore sculptor | Bedford Corners Real Estate

 

OK, so Mount Rushmore sculptor Gutzon Borglum actually designed and built this Stamford, Conn., home in the 1920s to be a carriage house and stable. But with four bedrooms, a massive stone fireplace, and a new kitchen with Wolf range and center island, who would argue that this 3,424-square-foot home is unsuited for human inhabitants who can afford the $1.349 million asking price? Source: stamford.patch.com.

 

 

– See more at: http://www.inman.com/wire/1-349m-buys-you-home-designed-by-mount-rushmore-sculptor/?utm_source=20140127&utm_medium=email&utm_campaign=dailyheadlinespm#sthash.LATqdb4w.dpuf

Buyer’s agent builds blog audience by cutting Greenwich, Conn., down to size | Chappaqua Real Estate

 

Instead of singing the praises of his local market, Greenwich, Conn., buyer’s agent Christopher Fountain has built an audience for his blog, “For What It’s Worth,” by tearing it down.

“The essence of his complaint,” writes the New York Times’ Landon Thomas Jr. in a profile of Fountain, is that “decades of easy money and ceaseless greed have created a glut of unsalable houses that will remain a blight on his hometown for many years.”

Fountain catalogs residents’ “run-ins with the law, debt-fueled implosions or plain old bad taste,” Thomas says, winning a “cult following” among the very people he’s making fun of: “financial titans who can afford to plunk down $5 million or more on a house.” Source: New York Times.

– See more at: http://www.inman.com/wire/greenwich-conn-agent-nabs-attention-with-blog-that-lambastes-local-real-estate/?utm_source=20140127&utm_medium=email&utm_campaign=dailyheadlinespm#sthash.VtsefwpH.dpuf

The ‘McMansion’ is back | Armonk NY Real Estate

 

Though the reign of the “McMansion” appeared to crumble during the housing crisis, demand for big homes has surged recently, The New York Times reports.

The average size of a new home reached an all-time high in 2012, and sales of homes costing more than $1 million leaped nearly 50 percent year over year in July 2013, according to The Times.

“The housing market is being driven by the move-up buyer, the luxury buyer,” Brad Hunter, chief economist and director of consulting at Metrostudy, told The Times. “And those who have strong incomes, secure jobs, their stock portfolio is doing well — they are able to buy whatever they want. And what they are buying is larger houses.”

Source: The New York Times

– See more at: http://www.inman.com/wire/the-mcmansion-is-back/?utm_source=20140127&utm_medium=email&utm_campaign=dailyheadlinespm#sthash.eqeZnSWh.dpuf

Douglas Elliman lists 87-Acre Ridgefield Equestrian Facility For $55 Million | North Salem Real Estate

Double H Farm, a 87-acre Olympic equestrian training facility and family home in Ridgefield, has hit the market for $55 million.

Canada’s top-earning CEO, Hunter Harrison, who heads Canadian Pacific Railroad, owns the property. He purchased the dairy farm in 2005 and transformed it into one of the country’s leading equestrian facilities. The property is listed with Sally Slater of Douglas Elliman Real Estate.

Double H Farm farm extends over 97 acres of rolling hills and vast fenced grass paddocks with never-ending views and dramatic sunsets. It has six bedrooms, seven bathrooms and 14,250 square feet of living space.

The circa-1765 property is rich in history. Formerly known as the McKeon Farm, it was the oldest working dairy farm in Ridgefield. Conservation property is adjacent to the farm.

Since 2005 the farm has undergone a series of renovations to turn it into a world-class Olympic-level equestrian facility and dream estate.

The house was built in 2009. Framed with vintage, reconditioned barn beams from Vermont, the entire house incorporates green technology, geothermal heating and air conditioning systems and radiant heat in the floors. An elevator goes to all levels of the home.

The living room has 38-foot ceilings, a massive limestone and fieldstone gas fireplace highlighted by a scaffolding of barn beams and a wall of glass overlooking the property. The formal dining room has cove lighting and a gas fireplace. The eat-in gourmet kitchen and family room has an informal dining area, top-of-the-line appliances and a massive center island. The fully outfitted outdoor kitchen is built into the screened porch off the kitchen. There is also an office with a gas fireplace.

The first floor houses the luxurious master bedroom with 20-foot domed ceilings, Venetian plaster walls, a limestone fireplace, a large marble bath with two showers, a hot tubs boise (Jacuzzi), a gas fireplace and his and hers closets in addition to a safe room.

The lower level features a state-of-the-art media room with a gas fireplace and a 105-inch plasma television, wine cellar, sauna, golf room with a putting green and golf simulator and a massage room/gym with a bath and steam shower.

The seven-car garage includes mahogany decks with two stone fire pits, a Jacuzzi spa with a waterfall, a Koi pond, an audio-visual room and a  “home networking’ system to work every system in the house.

An additional four-bedroom home and the totally renovated historical home, dating from 1765, grace the property sharing views past the pool and tennis court of a bucolic pond and paddocks.  Surrounding conservation land protects this special property for posterity.

Double H Farm features two barns with more than 40 stalls. The main barn has 20 spacious and airy stalls, four grooming and wash stalls in addition to laundry, tack and feed rooms. There are three staff apartments with living rooms and kitchens. The second barn, built for the breeding operation, has 14 stalls and two grooming and wash stalls.

For complete information on the property, view the listing website.

http://greenwich.dailyvoice.com/real-estate/87-acre-equestrian-facility-hits-market-55-million

Water Main Break Shuts Edgemont Road In Katonah | Katonah Real Estate

 

A water main break in the downtown Katonah area Tuesday morning has caused Edgemont Road to be shut between Bedford Road and Katonah Avenue, Bedford Police said.

Police did not know how long the road would remain closed, saying it would be shut for “an extended period of time.”

The closure will affect passenger pick up at the Katonah Train Station. Passengers can be picked up in Commuter Lot 1 on Jay Street.

 

http://bedford.dailyvoice.com/news/water-main-break-shuts-edgemont-road-katonah-tuesday

 

 

The cure to zombie foreclosures | Mt Kisco Real Estate

 

From 2008 to 2010, 8.7% of foreclosures filed in Cook County, Illinois, were zombie foreclosures, accruing to more than 5,800 zombie properties in the city of Chicago. But this is just the beginning.

According to a recent report from the Woodstock Institute, if the trend continues, there will be an additional 7,200 zombie properties in Cook County, including nearly 3,200 in the city of Chicago, by 2015.

“Zombie properties will make it harder for Cook County to recover fully from the housing crisis, especially in the neighborhoods where they are concentrated,” Spencer Cowan, vice president of Woodstock Institute, said.

“Zombies introduce an element of uncertainty that poses barriers to returning homes to productive use or finding creative ways to deal with blighted properties,” Cowan said.

When the foreclosure crisis hit Cook County, it reported 217,035 foreclosure filings and 89,327 properties sold at auction between 2008 and 2012.

And the county felt each one.

Since a zombie property is a foreclosure that has not been resolved for more than three years, usually because neither the borrower nor servicer has a strong incentive to assume responsibility, the houses are likely to be poorly maintained or blighted, which in turn threatens the stability of surrounding communities.

 

http://www.housingwire.com/articles/28743-the-cure-to-zombie-foreclosures