Homeless Shelter On Billionaire's Row
Started by RealEstateNY
almost 8 years ago
Posts: 772
Member since: Aug 2009
Discussion about
Mayor Bill de Blasio blindsided Manhattan’s “Billionaire’s Row” with a quietly announced plan to open a men’s homeless shelter in the former Park Savoy Hotel. Residents at posh tower One57 are fuming over this planned hotel-turned-homeless shelter. The building at 158 W. 58th St. — which stands back-to-back against the city’s most expensive apartment building, One57 — is being converted into... [more]
Mayor Bill de Blasio blindsided Manhattan’s “Billionaire’s Row” with a quietly announced plan to open a men’s homeless shelter in the former Park Savoy Hotel. Residents at posh tower One57 are fuming over this planned hotel-turned-homeless shelter. The building at 158 W. 58th St. — which stands back-to-back against the city’s most expensive apartment building, One57 — is being converted into housing for 150 residents and is scheduled to open in March, the city’s Department of Homeless Services said Wednesday. Hizzoner’s plan — part of a program to create 90 new shelters across all five boroughs — was revealed last week in letters to local elected officials. “Are you kidding me?” said a resident of the landmark JW Marriott Essex House hotel and condo building on Park South. “I am in shock. Rest of the article is below: https://nypost.com/2018/01/17/de-blasio-plans-to-open-homeless-shelter-on-billionaires-row/ [less]
No wonder the taxes keep going up. Prime real estate for homeless!!
Some would disagree but to me the best thing about NYC is its diversity. If you want to live in a bubble, move to Palm Springs or stay in your ivory tower 24/7.
No one else wanted to buy the property or land? How did the city get it?
""Some would disagree but to me the best thing about NYC is its diversity""
I wouldn't exactly describe the homeless crisis as an issue of 'diversity'.
I do not mind diversity but I do not want to pay for it via higher property and income taxes to nyc. They could have gotten homeless shelter in a much cheaper location and collected property taxes for the property use in prime location. People who want diversity can go visit them and volunteer.
Ximon, This is exactly the type of spending which increases property taxes and NYC income taxes and forces people like you to think about retiring elsewhere as NYC taxes are too high.
CCL3 in the article it mentions the private owner and private operator. In my view this is indicative the owner thinks more money collecting rent from the city than renting out hotel rooms or developing the building to another use.
Ahh, even worse than I thought. The city is competing with private renters for prime locations to house the homeless.
Well I guess there are too many other new luxury condos in the area so no developers wanted to buy it.
Back in November I saw on the news that the Hotel Chandler is going to be used to house the homeless. Since it's being described as a "luxury hotel" and a member of the "Small Luxury Hotels of the World" group, I was curious about what kind of place it was, what room rates were like, etc.
When I went to their website I checked out the reservations page for the coming Sunday (Sundays are typically the most heavily discounted night off rack rates). I was a bit shocked to see the entries on the list:
Delicious breakfast $149
Mobile exclusive $126.65
Sunday sale $126.65
Flexible rate $149
Government rate $291
This is another case where Donald Trump was a leader. Remember when he "volunteered" to house the homeless in vacant apartments in 100 CPS?
https://mobile.nytimes.com/1998/03/26/nyregion/win-trump-no-tenants-battle-80-s-ends-with-glad-handing-all-around.html?referer=android-app://com.google.android.googlequicksearchbox