New Yorkers have a new shopping destination now that the city’s first-ever outlet center has officially opened its doors on Staten Island. Empire Outlets at the St. George Waterfront allows shoppers to enjoy retail outlets, green public open spaces, art installations and dining all in one space across 340,000 square feet. Later this summer, a 40,000-square-foot food and beverage deck with views of Manhattan, will open with dozens of food concepts including MRKTPL, Staten Island's first-ever artisanal food hall. "The opening of Empire Outlets is a historic day for Staten Island and for BFC Partners," said Donald Capoccia and Joseph Ferrara, Principals of BFC Partners, developers of the property. "We set out to revolutionize the shopping experience in New York City and we are proud to have successfully created a unique and unforgettable shopping destination for New Yorkers and visitors from around the world." Top Tri-State News Photos Visitors can access Empire Outlets as … [Read more...] about New York City Now Has Its First-Ever Outlet Center
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Where do the wealthiest 1% really live and where are they flocking to? Realtor.com set out to find the most expensive neighborhoods in every state. Allison Underhill, provided by Published 5:00 am CST, Monday, February 25, 2019 Birmingham, AL ZIP code: 35223 Median home list price: $611,612 Birmingham, AL ZIP code: 35223 Median home list price: $611,612 Photo: Realtor.com Photo: Realtor.com Image 1 of / 24 Caption Close Image 1 of 24 Birmingham, AL ZIP code: 35223 Median home list price: $611,612 Birmingham, AL ZIP code: 35223 Median home list price: $611,612 Photo: Realtor.com The Most Expensive Neighborhood in Every State in America 1 / 24 Back to Gallery We're curious. … [Read more...] about The Most Expensive Neighborhood in Every State in America
Harrison Jacobs, provided by Published 8:01 am CST, Wednesday, January 30, 2019 Harrison Jacobs/Business Insider The city ofDubai in the United Arab Emirates is known for extravagant, newly built landmarks like the Burj Khalifa, thePalm Jumeirah, and theDubai Mall. Towering over the city at 2,722 feet tall with 160 floors, the Burj Khalifa is the tallest tower in the world. It has an observation deck at the 124th floor that allows tourists to see Dubai from the top of the tower. While the Burj Khalifa is a marvel from below, heading to the top is an exhausting, overhyped, and, frankly, boring experience. The observatory is cramped, the way up to the top is excruciatingly long, and the view is nothing to write home about. Three decades ago, Dubai was little more than desert. But an oil boom in the United Arab Emirates produced unprecedented wealth for the small Gulf nation. Dubai's rulers, Sheikh Maktoum bin Rashid Al Maktoum and his successor Mohammed bin … [Read more...] about I visited the top of the tallest building in the world, and it was a colossal waste of time
Jan 28, 1:15 PM EST Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By Adam Levine-Weinberg 01/28/19 AT 12:57 PM As its growth in sales and earnings has come under pressure in recent years, Macy's (NYSE:M) has taken a greater interest in monetizing part of its vast real estate portfolio. The company is on track to exceed its asset sale guidance in fiscal 2018, after having brought in more than $1 billion from real estate sales in fiscal 2016 and fiscal 2017, combined.The company's most valuable asset by far is its Herald Square flagship store in Manhattan. In the past, management has talked about studying ways to capture more of the value of that real estate -- but without committing to any definitive plan.However, a seemingly innocuous office lease that Macy's signed recently suggests that it could be close to moving forward with a plan to unlock the real estate value of its flagship store.Management recognizes … [Read more...] about Is Macy’s Getting Ready To Cash In On Its Manhattan Flagship?
Morocco recently unveiled the first high-speed railway system in Africa, which connects the coastal city of Tangier with the capital, Rabat, and Casablanca, the country’s business hub. Eventually, it will travel to the tourist destinations of Marrakech and Agadir. Last month I rode the train roughly the distance between New York and Washington DC in two hours. The ride, which takes over five hours on conventional rail, will eventually be cut down to 90 minutes. I found the experience delightful, with cheap first-class tickets, plush comfortable seats, air-conditioned cabins, plenty of leg room, and an interior design that evoked the golden age of rail. While the $US2 billion train system is impressive, it’s hard not to think of the robust public debate currently happening in Morocco, which has left some critics questioning the economic viability of the train. People often visit Morocco for a glimpse of the past. There are snake charmers and monkey tamers putting on … [Read more...] about I rode Africa’s first superfast bullet train that could go from New York to Washington DC in 90 minutes, and I understand why it’s controversial