February 8, 2016 Weather: Snow expected, with a high of 38 degrees. NYC emergency management says: “Be prepared for limited visibility and dangerously slick road conditions, as below freezing temperatures can create black ice.”
Central Park’s free Ice Festival and dozens of other local events on our calendar.
The mayor announced that Broadway will start getting regular power-washings as part of a cleanup effort by the city in heavily trafficked areas.
Hostelling International at 891 Amsterdam Avenue is offering an Explore the World Scholarship and encouraging local young people (18-30) to apply.
The HOPE homeless count is tonight. How to get involved.
David Wichs, who died after being hit by a crane downtown on Friday was an Upper West Sider. “In a series of eulogies, Mr. Wichs was recalled as selfless and sunny, happiest when building a sukkah for the Jewish holiday Sukkot at his Upper West Side home, or spending time with his wife of three years, Rebecca Guttman…Mr. Wichs immigrated from Czechoslovakia as a teenager, attended Yeshiva of Flatbush and graduated with a degree in mathematics from Harvard University.” The mayor has announced a crane safety plan.
The financial situation at Fairway isn’t looking very bright. “The quintessential New York grocery chain said Friday it needs to raise more capital by April to meet its debt obligations with its 15 stores in the metro area experiencing ‘significant losses.’ The company — whose stock is also in danger of being delisted from the Nasdaq — lost $35.7 million in the quarter ended Dec. 27 after losing more than $300 million over the past five years. ”
Luxury-apartment-flippers aren’t making the gains they were at the height of the boom. “In 2015, the best apartment flippers saw seven-figure gains within 18 months of buying their units, according to data compiled by listings website CityRealty…But the most lucrative flips of 2015 may be some of the last. Manhattan sales data show that quick resales are becoming less profitable. Returns fell by half in the past year, to an average of 15%. And real estate experts believe that as more luxury condos in new towers come onto the market, supply will far outstrip demand.”
The hardest dinner reservation to get these days isn’t at some hot restaurant in the Village. It’s at the kitchen table for a Columbia student. “About 900 people are on the waiting list for his modern-American cooking, Mr. Reider said…Would-be Pith diners have left messages on his website begging to cut the line and land one of the $15 meals.”
A nonprofit executive with UWS contracts is facing fraud charges. “United Block is a nonprofit which provides meals for the elderly, and has secured several contracts with New York City to operate in four senior centers on the Upper West Side.”