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Hudson Yards Tries to Tempt a Tenant

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Hudson Yards Tries to Tempt a Tenant 20110117-NEWS--0001-NAT-CCI-CN_-- 1/14/2011 8:01 PM Page 1 INSIDE The most bankable TOP STORIES star in Meet the L.A. firm Big Apple that keeps buying ssportst up NYC real estate ® PAGE 3 PAGE 3 VOL. XXVII, NO. 3 WWW.CRAINSNEWYORK.COM JANUARY 17-23, 2011 PRICE: $3.00 Hudson City to hail its new ‘Taxi of Tomorrow’ Yards tries any day now to tempt PAGE 2 The real reason a tenant taxpayers had to bail out Citigroup Related’s finally ready IN THE MARKETS, PAGE 4 to build fab new hood. If Bob Dylan to sing only it had an occupant. for Simon & Schuster BY THERESA AGOVINO in major book deal ANOTHER TRY: Restaurateur IT’S BEEN AN INCREDIBLY hectic three NEW YORK, NEW YORK, P. 6 Donatella Arpaia has teamed up years for The Related Companies as it with management laid the groundwork for developing the expert Ron giant Hudson rail yards project. The BUSINESS LIVES Brannon. company announced and then amend- ed the timing of its deal to lease the 26- acre site,scrambled to find a new finan- cial partner after Goldman Sachs dropped out, and won a crucial rezon- ing for a portion of the parcel. “All of the hairiness of this transac- tion has been removed,” said Related Hudson Yards President Jay Cross. With that accomplished, Mr. Cross is calling 2011 “the year of the tenant.” So he hopes. Amid the still-fragile economic re- covery, Related needs to find a compa- ny willing to commit to occupying at GOTHAM GIGS See HUDSON YARDS on Page 25 She makes history come alive P .. 27 ● ANNE FISHER on the art of business P .. 27 karjean levinekarjean iPhone deal ● MOVERS & SHAKERS Meetup co-founder says it’s a great time for tech has Street in New York P .. 28 ● GAEL GREENE admires … on hold Beauty & Essex P .. 30 Donatella’s new guy After two breakups with chefs, restaurant Sexy device may not INDEX offset Verizon’s slow THE INSIDER _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _8 star partners with a former Wall Streeter growth, high costs SMALL BUSINESS _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _9 NEIGHBORHOOD JOURNAL _ _ _ _ _ _ _ _ _ _ _ _ _12 “I’m very cautious now,” she said in an interview BY LISA FICKENSCHER BY MATTHEW FLAMM FOR THE RECORD _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _22 at her newest restaurant, Donatella. “I think I ex- panded too quickly and right when things were CLASSIFIEDS _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _23 IT’S HARD TO IMAGINE that glamorous restaurateur falling apart in the economy.” VERIZON HAS SPENT YEARS building its EXECUTIVE MOVES _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _27 Donatella Arpaia, a local celebrity and media star, Last year, she was forced to close Anthos, a cele- reputation as the Volvo of cell phone THE WEEK AHEAD _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _30 ever doubts her own abilities. But after a rough year, brated restaurant she owned with chef Michael Psi- carriers—the one with the most de- THE WEEK ON THE WEB _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _31 in which her second high-profile business partner- lakis, with whom she had the falling-out. She was pendable network coverage. But next The New York Times CHEAT SHEET _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _31 ship with a chef unraveled,Ms.Arpaia,38,said she’s dealt another blow when rated month, when it becomes only the sec- been humbled. See DONATELLA on Page 26 ond domestic company to carry Apple’s iPhone, the descendant of Nynex and Bell Atlantic will finally add sex appeal REPORT REAL ESTATE to its résumé. “Verizon has good quality,but it had Tenants stuff in the staff. Midtown nothing people talked about,”said inde- ELECTRONIC EDITION pendent telecom analyst Jeff Kagan.“[In south’s moment. Top property sales. this business],it’s all about the iPhone.” PAGE 13 But as hot as the iPhone is, and as NEWSPAPER See VERIZON on Page 4 20110117-NEWS--0002,0003-NAT-CCI-CN_-- 1/14/2011 8:00 PM Page 1 Mayor Michael Bloomberg is expect- IN BRIEF ed to approve a winner soon for the Bloomberg to hail 10-year exclusive contract, and the hope HIGH-END FURNISHINGS PURVEYOR is to have the new cab cruising the streets BRUNSCHWIG & FILS HAS FILED FOR CHAPTER as soon as the third quarter of 2013—a 11 bankruptcy protection. Brunschwig, which capstone to his legacy. But city officials is based in North White Plains, N.Y., sells winning taxi design could also determine that none of the en- fabrics, upholstered furniture and table tries measures up, scrap the Taxi of collections. It listed more than 200 creditors. Tomorrow altogether and stay with mul- As part of a restructuring agreement, the 111- tiple models. year-old company has agreed to be bought by Final bids are in. Which says ‘Gotham’? “People involved don’t have a clue as to Kravet of Syosset, L.I., a privately held which way it’s going to go,” says one per- distributor of fabrics and home furnishings. dress concerns about their designs for the son familiar with the deliberations. The deal is subject to a competitive-bid BY JEREMY SMERD Taxi of Tomorrow, which must be durable Karsan has wowed officials with its process. Brunschwig does not plan to close any enough to last 150,000 pot- design, which replaces the shotgun of its 22 showrooms, which include a location THE COMPETITION to build a single taxi holed miles but also seat with a wheelchair bay at Third Avenue between East 58th and East model for New York entered the home- serve as a symbol of and brings back the 59th streets. “The restructuring is a business stretch last week when the remaining three Gotham. jump seat last seen in decision that will not affect the quality of our contestants submitted their final propos- the Checker cab. products, or present and future orders,” als. Since being announced in November, The car has been Brunschwig CEO Olivier Peardon said in a the finalists—Ford, Nissan and Turkey’s embraced by a statement. The company has assets of $10.9 Karsan—have been meeting with Taxi & vocal proponent million and debts of $18.4 million, according Limousine Commission officials to ad- of making the to its bankruptcy filing. city’s 13,000 taxis wheelchair-ac- CITY HALL IS STILL TALLYING CLEANUP COSTS TAXIS OF TOMORROW: cessible and in line FOR THE LAST TWO MAJOR SNOWSTORMS, with the Americans but the Christmas blizzard exhausted the city’s HOW THEY COMPARE with Disabilities Act. $38.5 million snow budget for this fiscal year, “I want a purpose-built, a mayoral spokesman said. The city has ADA-compliant vehicle,” exceeded that budget in five of the past six KARSAN Model V1 In production No said Democratic Assem- USA Engine 1.6 liter, four cylinder, Base price Unknown years. Last year, it budgeted $38.3 million and 115 horsepower Pro It has a unique and spacious blyman Micah Kellner. spent $63.5 million. The allotment, based on a Fuel Gasoline; can be converted to interior “And there’s only one vehi- formula in the City Charter that averages compressed natural gas or electric Con Karsan has no prototype and cle that meets that stan- overtime costs for the last five years of snow City fuel economy 30 mpg has never made vehicles for the dard: Karsan’s.” and ice removal, is almost certain to increase Legroom 39 to 62 inches American market next year. n Wheelchair-accessible Yes Prototype is MIA THE PROBLEM is that the third-party manufacturer NISSAN NORTH AMERICA INC. Model NV200 In production In Europe and for Peugeot hasn’t yet manu- Engine 1.6 liter, four cylinder, Japan BY THE NUMBERS 106 horsepower Base price About $24,000 factured a prototype for its Fuel Gasoline; can be converted Pro Only existing model that cab. Weekly shift of the city’s economy to electric provides conversion to electric Ford is the favorite of City fuel economy 30 mpg (est.) Con City has no recharging fleet owners, who have em- UP ON THE DOCKS A surge in exports to a two- Legroom 41 inches (est.) infrastructure for electric vehicles braced the automaker’s year high helped spur growth in manufacturing, é which bodes well for future job growth and a Wheelchair-accessible No Transit Connect as the suc- stronger economy.
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