IBEX completes construction of 4,800 s/f Union Sq. Bank of America
IBEX Construction (IBEX) has completed construction on a new Bank of America branch located at 36 East 14th St. and University Pl. in Union Sq.
The new 4,800 s/f location, which is now open, is an important location and branding statement for the bank.
A Kawneer aluminum storefront canopy adorns the bank's exterior and an internally illuminated Bank of America sign welcomes customers. Inside, the company unveiled a new floor layout and design, including new light-colored finishes on the walls, ceilings and floors. New ceramic tile guides bank patrons through the branch's public spaces while Carnegie Xorel wall coverings and high-quality Wilsonart and Nevamar laminate flooring creates a light and inviting atmosphere.
The bank is comprised of two levels with ATMs, sales offices, waiting room/library, online area and break room on the ground floor. The telemarketing offices and bank vaults are located on the basement level. The teller line, which is secured with bullet-resistant glass, doors and fixtures, is also located on the basement level. The new bank offers ADA compliant access and restrooms.
New York-based architecture firm Whidden Silver, Inc. designed the new project.
When New York permanently adopted the 2% property tax cap more than a decade ago, many owners hoped it would finally end the relentless climb in tax bills. But in the last couple of years, that “cap” has started to look more like a speed bump. Property owners are seeing taxes increase even when an
In New York City’s competitive real estate market, particularly in prime neighborhoods like Midtown Manhattan, investors are constantly seeking new ways to unlock property value. One such strategy — often overlooked but
Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.
The mayor of New York City holds significant influence over real estate policy — but not absolute legislative power. Here’s how it breaks down:
Formal Legislative Role
• Limited direct lawmaking power: The NYC Council is the primary
Active investors seeking rent-stabilized properties often gravitate toward buildings that have been held under long-term ownership — and for good reasons. These properties tend to be well-maintained, both physically and operationally, offering a level of stability