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Famed chef Michael White, who re-invented classic Italian cuisine at Marea and other Michelin-starred Manhattan eateries, is coming back to town.

In a move reflecting East Midtown’s slow-but-steady revival, he signed a lease for a new restaurant at Tishman Speyers 520 Madison Avenue, the landlord and the chef revealed.

Its the sixth marquee-name restaurant deal signed in the past year for the supposedly dying East 40s and 50s — a phenomenon overlooked amidst doom cycle chatter that under-populated offices are killing Midtown restaurants.

Whites new, modern-Italian place will open next year behind the towers recessed plaza.

White once ran celebrated Alto at the same location.

East Midtown dining spots depend on the lunch trade driven by office workers.

Although every week brings another tale of possible foreclosures and downgrades of commercial debt, the back-to-office trend is accelerating at high-end properties.

Tishman Speyer’s and White’s confidence in the future of the Manhattan office market is shared on a larger scale by private lender Fortress Investment Group, which recently acquired $1 billion of office loans from Capital One, as the Commercial Observer first reported.

The purchase represents a big bet on the rebound of New York Citys office sector, a source told the CO, because Big Apple office loans accounted for a large chunk of the portfolio.

Real Estate Board of New York director of market data Keith DeCoster cited Placer.ai data for 190 Midtown buildings that showed device visits up 11 percent in July over the previous July and 64 percent office visits in prime A-plus properties in the first quarter of 2023.

The restaurant influx reflects East Midtowns improved fortunes.

Opening this fall are Jean-Georges Vongerichtens Four-Twenty-Five at L&L Holding Companys 425 Park Ave. — easily the district’s most momentous debut — and David Burkes Park Avenue Kitchen at 277 Park Ave.

Next year will see the launches of Simon Kims as yet-unnamed, multi-faceted venue at The Olayan Groups 550 Madison Ave.; Roccos steakhouse on the former BLT Steak site at 106 E. 57th St.; and a new outpost of mini-empire Rosemarys at the Durst Organizations 825 Third Ave.

All the arrivals except for Roccos are in office towers whose owners wanted signature restaurants for their marquee properties.

Some landlords helped tenants with shared build-out costs and flexible lease terms, but, Nobody gave away the store, one restaurateur said who didnt want to be named.

I only wish they did.

L&L Holding Co. chairman/CEO David W. Levinson, who lured Vongerichten to the Norman Foster-designed 425 Park Ave., said, Well have over 1,000 people in the building by March. Our tenants including Citadel are still in the process of moving in.

Midtown is very, very busy, Levinson said. The talk doesnt match up at all really with reality.

Reflecting the renewed energy, Ralph Laurens Polo Bar on East 55th Street plans to resume its pre-pandemic, seven-night schedule in October after serving only on Tuesday-Saturday since mid-2021.

Simon Oren, managing partner of two-year-old Monterey on East 50th Street, told us, We definitely have more events being booked for the fall, including designer Zang Tois party for Fashion Week. Cellini owner Dino Arpaia also cited a large uptick in private-event bookings before the July doldrums kicked in.

Gracious Hospitality Management principal Kim, whos behind Flatirons Korean steakhouse Cote, said, What makes us especially confident is the others who are coming along for the ride, like Jean-Georges and David Burke.

Burke plans to open his brasserie at 277 Park on Dec. 1. It will be fully leased by the time we open, he said.

Is there risk given the current weak office market? Sure, but thats the restaurant business. Theres always risk, Burke said. We can either take it or sit home and do nothing.

We believe in the city and we believe we will do well.

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Environment

Tesla influencers tried Elon Musk’s coast-to-coast self-driving, crashed before 60 miles

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Tesla influencers tried Elon Musk’s coast-to-coast self-driving, crashed before 60 miles

A duo of Tesla shareholder-influencers tried to complete Elon Musk’s coast-to-coast self-driving ride that he claimed Tesla would be able to do in 2017 and they crashed before making it about 60 miles.

In 2016, Elon Musk infamously said that Tesla would complete a fully self-driving coast-to-coast drive between Los Angeles and New York by the end of 2017.

The idea was to livestream or film a full unedited drive coast-to-coast with the vehicle driving itself at all times.

We are in 2025 and Tesla never made that drive.

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Despite the many missed autonomous driving goals, many Tesla shareholders believe that the company is on the verge of delivering unsupervised self-driving following the rollout of its ‘Robotaxi’ fleet in Austin, which requires supervision from Tesla employees inside the vehicles, and improvements to its “Full Self-Driving” (FSD) systems inside consumer vehicles, which is still only a level 2 driver assist system that requires driver attention at all times as per Tesla.

Two of these Tesla shareholders and online influencers attempted to undertake a coast-to-coast drive between San Diego, CA, and Jacksonville, FL, in a Tesla Model Y equipped with the latest FSD software update.

They didn’t make it out of California without crashing into easily avoidable road debris that badly damaged the Tesla Model Y:

In the video, you can see that the driver doesn’t have his hands on the steering wheel. The passenger spots the debris way ahead of time. There was plenty of time to react, but the driver didn’t get his hands on the steering wheel until the last second.

In a follow-up video, the two Tesla influencers confirmed that the Model Y had a broken sway bar bracket and damaged suspension components. The vehicle is also throwing out a lot of warnings.

They made it about 2.5% of the planned trip on Tesla FSD v13.9 before crashing the vehicle.

Electrek’s Take

Tesla shareholders used to discuss this somewhat rationally back in the day, but now that Tesla’s EV business is in decline and the stock price depends entirely on the self-driving and robot promises, they no longer do.

I recall when Musk himself used to say that when you reach 99% self-driving, it is when the “march of the 9s” begins, and you must achieve 99.999999999% autonomy to have a truly useful self-driving system. He admitted that this is the most challenging part as the real-world is unpredictable and hard to simulate – throwing a lot of challenging scenario at you, such as debris on the road.

That’s where Tesla is right now. The hard part has just started. And there’s no telling how long it will take to get there. If someone is telling you that they know, they are lying. I don’t know. My best estimate is approximately 2-3 years and a new hardware suite.

However, competition, mainly Waymo, began its own “march of the 9s” about five years ago.

Tesla is still years behind, and something like this drive by these two Tesla influencers proves it.

I was actually in a similar accident in a Tesla Model 3 back in 2020. I rented a Model 3 on Turo for a trip to Las Vegas from Los Angeles.

I ended up driving over a blown-out truck tire in the middle of the road like this. I was Autopilot, but I don’t know if the car saw it. I definitely saw it, but it was a bit late as I was following a truck that just drove over it. I had probably less than 2 seconds to react. I applied the brakes, but my choices were driving into a ditch on the right or into a car in the left lane.

I managed to reduce the force of the impact with the braking, but the vehicle jumped a bit like in this video. There wasn’t really any damage to the front, but the bottom cover was flapping down. I taped it together at the next gas station and I was able to continue the trip without much issue.

However, after returning it to the Turo owner and having the suspension damage evaluated by Tesla, the repair job was estimated to be roughly $10,000. I wouldn’t be surprised if there’s a similar situation with this accident.

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Science

Study Links Microbial Colonization to Ancient Meteorite Crater: What You Need to Know

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A Swedish team has precisely dated microbial life in Finland’s Lappajärvi crater. Isotopic traces show bacteria colonized the hydrothermal system just a few million years after the meteorite impact, thriving for millions of years. The finding suggests impact craters on Earth and Mars may provide lasting habitats for life.

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Environment

Stellantis’ new EV battery tech will put it ahead of – well, EVERYONE [video]

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Stellantis' new EV battery tech will put it ahead of – well, EVERYONE [video]

Chrysler parent company Stellantis is calling its new, Intelligent Battery Integrated System (IBIS) system a breakthrough technology that will make future EVs lighter, more efficient, and quicker. Now, that “breakthrough” tech is now moving from concept to reality.

Co-developed with Saft, Sherpa Engineering, Université Paris-Saclay, and Institut Lafayette, Stellantis’ IBIS embeds the charger and inverter functions directly into the battery pack, an integration that results in reduced design complexity, interior space savings, and lifetime easier maintenance.

That improved efficiency carries on to the battery’s second life, too. IBIS facilitates the reuse of electric vehicle batteries in second-life battery energy storage systems (BESS) applications by reducing the need for extensive (and expensive) reconditioning.

“This project reflects our belief that simplification is innovation,” explains Ned Curic, Chief Engineering and Technology Officer at Stellantis. “By rethinking and simplifying the electric powertrain architecture, we are making it lighter, more efficient, and more cost-effective. These are the kinds of innovations that help us deliver better, more affordable EVs to our customers.”

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Key IBIS benefits

  • up to 10% energy efficiency improvement (WLTC cycle) and 15% power gain (172 kW vs. 150 kW) with the same battery size
  • reduces vehicle weight by ~40 kg and frees up to 17 liters of volume, enabling better aerodynamics and design flexibility
  • early results show a 15% reduction in charging time (e.g., from 7 to 6 hours on a 7 kW AC charger), along with 10% energy savings
  • easier servicing and enhanced potential for second-life battery reuse in both automotive and stationary applications

Those benefits stem from the fact that EVs spend a lot of time and energy converting Alternating Current (AC) to Direct Current (DC) and back again with the – that’s true whether we’re talking about a L2 home charger or energy harvested from regenerative braking. Doing away with that process and the hardware that goes along with it could unlocks significant weight and efficiency benefits, with some estimates indicating that an IBIS car could weigh in at 40 kg less than a conventionally-equipped BEV, while still offering similar range and performance. 

IBIS has been in development for several years, with the first proof-of-concept for stationary applications being built in 2022. The news today, however, is that the first fully functional, IBIS-equipped battery electric vehicle (BEV) is finally ready to hit the road.

Stellantis’ researchers installed the system under one of the company’s new Peugeot E-3008 electric crossovers. Guilt on the STLA Medium platform, the prototype follows years of design, modeling, and simulation by both Stellantis and Saft, and (if all goes well) could pave the way for the integration of IBIS technology into Stellantis’ electric and hybrid production vehicles by the end of this decade.

Stellantis IBIS EV battery tech


SOURCE | IMAGES: Stellantis.


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