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The Minute DC | NY:
Washington & New York on Your Doorstep |
| Andrea Saturno-Sanjana |
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| Capital to Capital. A Higher Standard. Bespoke Service. |
Licensed in DC | MD | VA | NY | (212) 888-0550 | (202) 696-0701 | asaturno-sanjana@eversco.com
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Prime Property | DC
Walter Reed Army Medical Center Site Redevelopment
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Since 1909 and during all its more than 100 years of activity, Walter Reed Army Medical Center served more than 150,000 active duty and retired personnel from all branches of the military. Besides US Military members, the US President, Vice President, Senators and Representatives were authorized to and did receive care at Walter Reed. In 2005, the Base Realignment and Closure Commission (BRAC) recommended that the Army close the WRAMC, with the name to be carried over to the new Walter Reed National Military Medical Center (WRNMMC) in nearby Bethesda, Maryland. Now, the Walter Reed Local Development Authority aims to integrate the site with the community, to provide a mix of uses (residential, retail and community amenities), to create jobs and revenue for Washington, DC and to retain and restore buildings of historic significance on the site.
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Design | The Return of the Cocktail Hour
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Whether your tipple is a potent cocktail or a refreshing mocktail, the ritual is the thing. The opportunity to meet a variety of fascinating people in a relaxed setting is what gives the cocktail hour its enduring appeal.
Especially during the summer, whether poolside or on the veranda, whether
for business or for pleasure, "you've gotta circulate to percolate." Contemporary accessory and decor
design ideas reference the roaring '20's or the sultry '70's and put an emphasis on color and humor. (
FT
)
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Culture | Tiki's Enduring Allure
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In Māori mythology, Tiki is the first man. This Polynesian word was adopted to denote a cultural style when tiki culture in the United States began in 1934 with the opening of Don the Beachcomber, a Polynesian-themed bar and restaurant in Hollywood. Three years later, Victor Bergeron, better known as Trader Vic, adopted a tiki theme for his restaurant in Oakland. When American servicemen returned home from World War II, they brought with them stories and souvenirs from the South Pacific. James Michener won the 1948 Pulitzer Prize for his collection of short stories,
Tales of the South Pacific
, which in turn was the basis for
South Pacific
, the 1949 musical by Rodgers and Hammerstein, also a Pulitzer Prize winner.
In addition to the returning WWII veterans, several other factors contributed to the Mid-Century American explosion in Polynesian Pop culture or Tiki culture. Post-war America saw the rise of the middle class as an economic force. This coupled with ever increasing affordability of travel, particularly newly established air travel to Hawai'i, helped to propel the nation's interest in all things tropical. The excitement surrounding the 1947 Kon-Tiki expedition helped to promote tiki culture. Hawai'ian statehood in 1959 was a major factor which further drove the tropical lifestyle popularity, and Americans fell in love with their romanticized version of an exotic culture. In this century, the theme's popularity thrives, with the growth of Trader Joe's, a grocery chain with 453 stores and counting.
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DC | Where To Find the Best Tiki Drinks
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Chinese restaurants have a long history of preserving the tiki tradition. Bethesda's House of Foong Lin hosts Tiki Thirstdays weekly throughout the year. Shanghai Village doesn't exactly scream tropical fun. It's a nice little hole-in-the-wall eatery, but open the menu and feast your eyes on a range of tiki classics... (TWP)
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NY | On the Tiki Trail in the East Village and the Lower East Side
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T
iki--with its grinning mugs and plastic naked-lady stirrers--is easily disregarded as a kitschy fad. While it certainly embraces fun, a drinks movement that's been around since the 1930's should not be so deftly dismissed.
A romanticized vision of island life that offered an evening of escapism, tiki bars spread in the years after World War II before fading in the 80's and 90's. New York City lost its Trader Vic's outpost when Donald Trump, then the owner of the Plaza, closed down the longtime Polynesian bar in 1989. But tiki is back and alive and well downtown... (LLNYC)
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Washington Market Summary for July 2016
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Manhattan Residential Sales Market Report July 2016
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Market indicators differed between the Manhattan condo and co-op markets in July with the co-op market faring better than condos. Average price was down significantly for condos but up for co-ops year-over-year. Average price per square foot increased by almost a third for co-ops, but dropped 13% in the condo market. Listings, on average, spent a greater number of days on the market for both residence types. In line with preceding months, discounts were common across the market as difference from last ask to sale was -2.6% for condos and -2.5% for co-ops.
(Citi Habitats)
Brooklyn Residential Sales Market Report July 2016
The overall Brooklyn market in July was marked by consistent inventory levels but slower sales.
The decrease in co-op listings was counter-balanced by the increase in condo listings. Co-op listings were down 7% versus last July, but there were 9% more condo listings on the market. Average sale price increased 5% compared to a year ago. This was the largest year-over-year increase in average sale price so far during 2016. However, more buyers negotiated asking prices compared to both last month and last year. This month, the average sale price was 1.45% lower than the average asking price.
(Citi Habitats)
Manhattan Residential Rental Market Report July 2016
The report found that when compared to June, rents decreased slightly across the board. The biggest decline was for one-bedroom homes, where rents fell 3% month-over-month. Meanwhile, the borough's vacancy rate rose to 1.92%--the highest vacancy rate we have seen for July since we started tracking the rental market in 2002. For reference, the Manhattan vacancy rate in July 2015 was 1.42%, and during July 2009 (the height of the 'great recession') the rate only reached 1.67%.
When examining concessions, 19% of rental transactions brokered by Citi Habitats offered a free month's rent and/or payment of the broker fee to entice new tenants in July, up from 16% in June. Looking year-over-year however, their prevalence increased substantially. In July 2015, 8% of leases offered a move-in incentive.
"The fact we are trending towards a 2% vacancy rate despite the busy summer season shows we are in a very price sensitive market," explained Gary Malin, President of Citi Habitats. "The use of concessions and slight rent adjustments by owners has failed to significantly move the needle. Today's renters are increasingly open to living in the outer boroughs or New Jersey. In order to reverse this trend, Manhattan landlords will either have to become more liberal with their incentives--or adjust their pricing to reflect the changing conditions."
Click here for the July 2016 Manhattan Rental Market Report
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Keeping Cool in the City With Pop-Up Resorts
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| Whether you are too busy to make it to the beach this season--or, if you have just returned and want to savor a few extra hours of that on-the-beach vibe--here are two spots which elevate you above the city streets and transport you to the beach. Don't forget your Havaianas or your espadrilles.... |
NY | On the Beach at Sabbia | Eataly
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High above the hot pavement of Fifth Avenue, Eataly's Italian seaside restaurant, Sabbia--sand in English--features delicious, easy-to-eat (even with your hands!) coastal fare and an endless list of refreshing summer wines, cocktails and beers. From
piadina romagnola
and
bombette pugliesi
to Island Creek Oysters and local swordfish, Sabbia combines the best of the Mediterranean and the Atlantic coasts' summer delicacies for you to enjoy in an informal, laid-back environment.
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DC | Poolside at DNV Rooftop Lounge
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During summer months, this newly renovated urban retreat bustles with a sophisticated crowd--thos
e wanting to enjoy a sassy cocktail or Asian-inspired small plates (with a must-try brunch menu), while overlooking
stellar views of DC. The rooftop lounge is an insider's secret cherished by DC locals who stay in the know, but during daytime hours, the space and swimming pool is reserved exclusively for guests of The Kimpton Donovan Hotel.
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| I would personally like to thank you for taking the time to view this email. If you're thinking of buying or selling, you need an agent who knows my hometown of Washington and my adopted home of New York like no one else. I'm that agent. It would be my pleasure to assist you with all of your real estate needs.
I pride myself on cutting through the hassles of buying or selling and providing my clients with exceptional customer service. Let me earn your business.
Andrea
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