ICYMI – Here is our monthly recap of recent NYC news you might have missed during the last few weeks.
In these strange and stressful days, let’s focus on the good news, including about the inventive NYC tech corridor helping to save lives.
As usual, our list is heavy on real estate and gentrification, entertainment news, restaurant and shopping news, and other tidbits,
We always identify our sources, too.
No fake news, sarcasm, leaks, collusion, quid pro quo, temper tantrums or witch hunts on NYCOTC.
Okay – sarcasm sometimes.
A group of tech-preneurs in Queens have developed a low-cost ventilator, which is saving lives in NYC and beyond. And they did it in weeks, instead of months or even years, and at one-tenth the cost of other ventilators.
The machines are known as “bridge” ventilators, or automatic resuscitators, used to help critically ill patients breathe. have received emergency approval by the Food and Drug Administration.
Named the Spiro Wave, the machines received emergency approval by the Food and Drug Adminsitration.
If patients become sicker, with further deterioration of lung function, they still need to be placed on standard ventilators, which typically cost more than $30,000.
The release of the movie version of the popular Broadway show In the Heights has been postponed due to the ongoing COVID-19 pandemic. The film had been scheduled to arrive in cinemas on June 26, but now it looks like June 2021.
Jon M. Chu directed the film based on Lin-Manuel Miranda and Quiara Alegría Hudes’ Tony-winning musical, which stars Anthony Ramos in central role of Usnavi and original cast member Olga Merediz reprising her Tony-nominated role as Abuela Claudia.
In the meantime, you can take solace in the official trailer.
With apologies to the iconic Duke Ellington song, Take the A Train, it’s time to take the L train, fully repaired ahead of schedule and under budget.
The Canarsie Tunnel between Brooklyn and Manhattan was seriously damaged by Hurricane Sandy in October 2012.
or Originally, the L was to be shut down entirely for 15 months, or three years of weekends, while repairs were made, including to the tunnel walls and electrical system.
A year after New York’s Governor Cuomo superseded an MTA plan with an inventive new plan, the work was finished.
Williamsburg would be rejoicing in local bars and hipster joints – if only they were open now, during the Coronavirus stay-at-home rules.
- Read the full story on Arch Paper, the newspaper for architects
75% of the retailers in New York City’s high-priced Hudson Yards did not pay their April rent because of the coronavirus crisis, according to The Financial Times
Hudson Yards is the city’s most expensive neighborhood, with a median sale price of nearly $5 million. It is home to office towers, luxury condos, and a seven-story shopping center with more than 100 shops, including Louis Vuitton, Kate Spade, Cartier, and the city’s first Neiman Marcus department store, and The Vessel, a tourist magnet.
- The neighborhood’s developer is reportedly investigating its tenants who didn’t pay rent, estimating that half of Hudson Yards’ retailers have adequate financial resources to pay.
When Barnes & Noble stores open again after the pandemic shut-down, it will be without magazines.
The chain, which has shuttered over 500 of their 600 bookstores in the US, announced it will no longer order new magazines and will cease carrying them altogether.
This will hurt smaller publishers and “niche” publications as but it could be an opportunity for other businesses such as supermarkets and “big box” stores such a Target.
- Read the full report in Good Reader, a trade website for the publishing industry.
Some major national and international businesses have received loans intended for small businesses.
Some of those major national and internaitional businesses have returned the funds accepted in error.
These big businesses which do business in NYC – and a NYC university – have sucked loans away from small NYC businesses.
We urge you not to do business with them going forward:
Eately, which operates dozens of locations around the world, including in NYC, in Flatiron.
Columbia University plans to keep $12 million in stimulus money intended for small businesses.