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Today's Featured Building: Nexus

Nexus-Exterior.jpg
DUMBO

Nexus is a modern style building with an intriguing facade and many contrasting features that draw emphasis to the different colors, textures, and dimensions.

Until the 1890s, the neighborhood was know as Fulton Landing. It was home to a ferry stop that connected the area to Manhattan before the Brooklyn Bridge was built.

Originally, the land was used as a manufacturing district with warehouses and factories. The most produced products were paper boxes and Brillo soap pads.

In the late 1970s, it quickly became more residential. Artists and other young people were looking for large, yet inexpensive loft apartments and studios.

In 1978, the name DUMBO was introduced, referring to Down Under the Manhattan Bridge Overpass. The residents believed that having such an unattractive name would help to deter developers so that they could maintain their low-priced accommodations.

At the end of the 20th century the cost of property in Manhattan was rising. Many people, noticing the market trend, chose to purchase their resident in DUMBO, and the area quickly became populated.

In 2007, New York City Landmarks Preservation Commission designated DUMBO as New York City's 90th historic district. [1]


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Cities and Regions:

Region Buildings Housing Units
New York City, NY 625 103,068
Los Angeles, CA 77 10,247
Vancouver, BC 223 39,498
Chicago, IL 51 14,683


Staff Picks:


740 Park Avenue - Known as one of New York City's premiere apartments buildings, 740 Park Avenue is famous for being the childhood home of Jacqueline Kennedy Onassis.

Ansonia - A former hotel with a long and storied history of famous residents, scandals, and tumultuous times, the Ansonia is known for its distinctive architecture and lavish design detailing.

City Spire - At the time of its construction, City Spire was the world's second tallest concrete building, and today is known for its record setting three floor penthouse with panoramic views of Manhattan.

Apple Bank Building - A landmark building that once housed the Central Savings Bank, the Apple Bank Building is known for its luxury, including a fitness center that is illuminated by a chandelier.

Downtown By Starck - A conversion project by famed architect Philippe Starck, this building has been dubbed the Downtown Insanity Palace due to its numerous over the top luxury amenities.

Rutherford Place - A former maternity hospital, Rutherford Place is now a condominium residence in Gramercy Park, and a classic example of the Beaux Arts architectural style.

Jade- With interior design by Jade Jagger, this building introduced Manhattan-ites to pod style living.


News:

Home mortgage rates and real estate news - CNNMoney.com

Should I get a fixed- or adjustable-rate mortgage?
Read full story for latest details.
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Europe took 11 of the top 20 spots on a ranking of cities with the largest price increases in the first quarter, according to global property agency Knight Frank.
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In the market for a new home? Or planning to refinance? Find out what your monthly payment will be.
Zillow buys a mortgage lender and the stock tanks
Real estate information site Zillow is no longer content to just be the place you go to in order to see what your house is worth. The company just bought a mortgage bank. But Wall Street is nervous about the move into home loans.
Is Manhattan's rental market finally cooling off?
Rent prices in Manhattan are slowing down and landlords are offering concessions as inventory on the island grows.

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