Construction Update: The Morris Adjmi Architects-Designed 30 E 31 Reaches The Halfway Point In Midtown

The Morris Adjmi-designed 30 E 31 is fast on the rise after reaching the halfway point in as 2017 came to a close. The luxury condo tower is designed with a diagrid exoskeleton with a façade featuring design cues from the neighborhoods Gothic architecture style. When complete 30 E 31 will rise 40-stories, 479', and feature 38 condominium residences. Units will feature the finest finishes including 7-inch plank European Oak flooring, custom hardware, and architectural millwork, and views of the East River and Midtown skyline including the Empire State Building. Residences will also feature highly curated kitchens features Perla Venata quartzite countertops and backsplashes and custom Italian Walnut cabinetry as well as lavish master-baths complete with marble slab walls, European White Oak vanities, marble countertops and hourglass marble tile floors. At the top, a crown jewel 3,354 SF Duplex Penthouse will feature 3 bedrooms and 3.5 bathrooms along with floor-to-ceiling glass incorporating the diagrid design. Amenities include a viewing garden and lounge complete with black limestone fireplace, a private dining room with an en-suite catering kitchen, and a state-of-the-art fitness center. 30 E 31 is located at 30 East 31st Street and is being developed by Ekstein Development. Delivery is expected in Q4 2019. 

211 Schermerhorn Moving Ahead as Oestreicher Properties and GPB Capital Holdings, LLC. Secure $47.9 Million Construction Loan

211 Schermerhorn, a new ground-up luxury boutique condo building in Brooklyn’s historic Boerum Hill neighborhood, has secured a $47.9 million construction loan. 211 Schermerhorn is being developed by Oestreicher Properties, a fully integrated real estate, development and construction company, and GPB Capital Holdings, LLC, an asset management firm. The loan was funded by CapitalSource, a national middle market lender and a division of Pacific Western Bank, and JLL’s Aaron Niedermayer, Aaron Appel and Brandon Krupetsky coordinated financing. 

“We are extremely pleased to have closed on this transaction and have construction for 211 Schermerhorn underway,” says Debbie Tsabari, President of Oestreicher Properties. “The financing package affirms the long-term value of this coveted neighborhood and we look forward to a successful launch of sales and marketing this fall.”
 
The mixed-use 14-story residential development will feature 48 condominiums and was designed by acclaimed architect Morris Adjmi. Units range from 1 to 3-bedroom homes with custom interiors by Adjmi and top-of-the-line appliances. The building additionally includes 10,000 SF of ground floor retail space. Amenities include a 1,138 SF communal rooftop terrace offering panoramic views of Manhattan and the New York Harbor, a lounge and media room, fitness center, children’s playroom, bike storage and private storage units available for purchase.

Renderings for 540 Hudson Street Designed by Morris Adjmi Architects Unveiled

New renderings for 540 Hudson Street in the West Village have been released. The building design is by Morris Adjmi Architects and has been submitted for approval from the Landmarks Preservation Commission. 540 Hudson Street is being developed by William Gottlieb Real Estate. The building will feature 5,600 SF of retail on the ground floor along with 552 SF of community space. The total development will feature 26 units with a 7th floor penthouse. The developers have not set any expectations for final completion.