"First Renderings of FiDi's Soaring 1,356-Foot Tower, Revealed," Curbed.com, 9/2/14. "Just one week after developer Michael Shvo closed on the $180 million deal that passed 125 Greenwich Street - known prior as 22 Thames Street - from former site developers Fisher Brothers and Steven Witkoff into his hands, the comeback kid has unveiled plans for the lot-sans-height-restrictions," says Curbed.com. "Together with Bizzi & Partners, Shvo plans to bring a 1,356-foot-tall tower of condos to the Financial District, making it downtown's tallest residential building, New York YIMBY reports. To put it another way, the 77-story building will stop just 12 feet short of One World Trade Center's roof, and 23 feet short of soaring Midtown creation 432 Park Avenue." For the complete article, click here. For the YIMBY article about the Shvo skyscraper, click here.

"Crowdfunding helps bag $85M building," Crain's New York Business, 9/3/14. "A real estate investment firm that raises much of its cash via crowdfunding, recently closed on an $85 million parcel downtown," says Crain's New York Business. "Nearly a third of that cash came from the 'crowd.' Prodigy Network announced Tuesday it closed its purchase of 17 John St., the 15-story brick building where it plans to erect a glassy eight-story addition on the roof. The result will be a 191-unit, extended-stay hotel. The buyer raised more than $25 million through crowdfunding, a process that nets smaller sums of equity from multiple investors, rather than larger amounts from just a few. The process has been billed as a way to open up investments in assets like high-priced Manhattan real estate to individuals who historically have been essentially locked out of that deal flow in favor of heavyweight institutional investors." For the complete article, click here.

"New York City's De Blasio Isn't Organizing Annual 9/11 Ceremony," Wall Street Journal, 9/2/14. "New York City Mayor Bill de Blasio and his administration are taking a backseat role in organizing next week's ceremony commemorating the Sept. 11, 2001, terrorist attacks-the first time City Hall hasn't led the event's planning," according to the Wall Street Journal. "Former Mayor Michael Bloomberg and his top aides were in charge of the planning of every 9/11 ceremony since terrorists toppled the Twin Towers 13 years ago. This year, for the first time, the National September 11 Memorial & Museum at the World Trade Center Foundation is calling the shots, according to city and foundation officials. Mr. Bloomberg is the foundation's chairman. Michael Frazier, a foundation spokesman, said the transition of the ceremony planning from City Hall to the foundation began in 2012, before Mr. de Blasio was elected mayor last year." For the complete article, click here.

"The Fragrance Files: New York's Smelliest Neighborhoods from Best to Worst," Brick Underground, 9/3/14. Tribeca, which habitually makes the lists of New York City's most expensive neighborhoods, now has a ranking on a list of another kind: New York City's smelliest neighborhoods. According to data compiled by AddressReport and released by Brick Underground, Tribeca comes in 8th among the smelliest Manhattan neighborhoods, behind NoHo and ahead of Little Italy and the Garment District. There were an average of 10 odor-related complaints per capita in Tribeca. Battery Park City is No. 2 among the least smelly neighborhoods, behind Roosevelt Island. In BPC, there were an average of 0.75 complaints per capita. In Lower Manhattan, the Civic Center also made the "least smelly" list with an average of two odor-related complaints per capita. For the complete article, click here.

"Permits Filed: 68 Trinity Place Gets Height Increase, Will Stand 44 Stories Tall," YIMBY, 9/2/14. "The first permits are up for a new 44-story mixed-use tower at 68 Trinity Place, which has apparently seen a height increase since Pelli Clarke Pelli was chosen to design, last July," says YIMBY (which stands for "Yes In My Back Yard"). "Trinity Church will occupy 93,180 square feet on the first seven floors, while 111 residences will split 157,185 square feet on upper levels. The tower's total scope will measure 250,995 square feet, and it will stand 499 feet tall. The 42nd and 43rd floors will each have one penthouse residence." For the complete article, click here.

"Complex Design, Political Disputes Send World Trade Center Rail Hub's Cost Soaring," Wall Street Journal, 9/3/14. "The most expensive train station in the U.S. is taking shape at the site of the former World Trade Center, a majestic marble-and-steel commuter hub that was seen by project boosters as a landmark to American hope and resilience," says the Wall Street Journal. "Instead, the terminal connecting New Jersey with downtown Manhattan has turned into a public-works embarrassment. Overtaking the project's emotional resonance is a practical question: How could such a high-profile project fall eight years behind schedule and at least $2 billion over budget? An analysis of federal oversight reports viewed by The Wall Street Journal and interviews with current and former officials show a project sunk in a morass of politics and government." The Wall Street Journal says that, "When completed in 2015, the station is on track to cost between $3.7 and $4 billion, more than double its original budget of $1.7 billion to $2 billion." For the complete article, click here.

New Greenmarket at Coenties Slip: Lower Manhattan will be getting yet another Greenmarket beginning Thursday, Sept. 18 when a market opens on the plaza at Coenties Slip. This was the site this past summer of two pop-up markets, one in June and one in July, that were organized by the Downtown Alliance and GrowNYC. They proved so successful that the Alliance and GrowNYC agreed to open a weekly market. There will be seven vendors selling local vegetables, orchard fruit, breads and pastries, honey, hard cider and wine on Thursdays from 8 a.m. to 6 p.m. through Nov. 20. For more information about the market, click here.