Mel Wymore, chairman of Community Board 7, which represents all the Upper West Side, tells the New York Times that, in addition to encompassing some of the costliest real estate in the city, the West 70s has gained buildings, among them condominium construction on Broadway and Amsterdam Avenue.
The growth has buttressed values, even in a down market, but Wymore says it also has brought challenges. Small businesses like dry cleaners and hardware stores have struggled amid chain stores and banks, he said, and schools are crowded.
Another local resident charmed by her surroundings added that on a recent visit to Paris, her mind had wandered home.
“I thought, ‘Oh my goodness, this is tantamount to where I live,’ ” she said, incredibly.
State’s largest foreclosure law firm receives subpoenas related to allegedly shoddy practices
New York Atty. Gen. Eric T. Schneiderman has issued subpoenas Continue reading
WITH FEW AFFORDABLE NEIGHBORHOODS, MANY ARTISTS ARE FLEEING NEW YORK CITY
Artists have long struggled in New York, moving into rough areas, gentrifying them and then getting forced out, Crain’s observes.
But as the city has gotten increasingly expensive, there are few such neighborhoods left to move to, forcing a growing number of artists to abandon the city.
Although there are no official numbers, a survey of 1,000 artists conducted in 2009 by the New York Foundation for the Arts found that more than 43 percent expected their annual income to drop by 26-50 percent over the next six months, and 11 percent believed they would have to leave New York within six months.
Even more troubling, cultural boosters say, is that for the first time, artists fresh out of art schools around the country are choosing to live in nascent artist communities in regional cities such as Detroit and Cleveland–which are dangling incentives to attract this group–and bypassing New York altogether.
PURCHASE MORTGAGES POSTED Continue reading