Dursts Decision: The Durst Organization is weighing its options for the linchpin southwest corner of Park Avenue and East 125th Street, which it bought from Bruce Eichner a few months ago for $91 million. Durst owns several other large development sites in the city, but were keeping our closest eye on this one, where a new residential or mixed-use project would fill a gaping hole in East Harlems gradually improving streetscape. look at here nowThe Trump Effect: Residential developers are praying, and were certainly hoping, that Donald Trumps rise to the presidency will encourage, rather than scare off, continued foreign investment in high-end condo apartments. A continued open spigot is good news for Harry Macklowe, Gary Barnetts Extell and Ken Horns Alchemy (which is converting upper floors of the Woolworth Building.) But a retreat by foreign buyers could spell disaster for their projects and for dozens of others around town where only slightly less expensive new product is coming on line. South Street Seaport: Its been only good news so far for Howard Hughes Co.s restoration and expansion of the dining and entertainment complex. The luxurious iPic cinemas recently opened in the Fulton Market Building, and leases have been signed with restaurateurs Jean-Georges Vongerichten and David Chang at Pier 17. But work on Pier 17 still has a way to go despite obvious visible progress. There are engineering and landmark issues yet to be resolved and the opening dates unclear. Lets hope they finish the job soon.
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