SOM's 252 East 57th on Billionaire's Row Unveils Daniel Romualdez-designed Amenities

Anchoring the eastern corridor of Billionaire’s Row, SOM’s 252 East 57th Street has just unveiled the tower's exclusive amenities. The 34th Floor Club and Pool are the first commissioned development designed by AD100 interior architect Daniel Romualdez, whose portfolio includes the homes of notable musicians and fashion leaders including Mick Jagger and Tory Burch. The 34th Floor Club encompasses the entire floor and features panoramic views of the New York skyline and serves as an extension of each resident’s private home. Amenities include access to a luxurious lounge with piano and gas fireplace, a library curated by The Strand, a formal dining room with catering kitchen available for private events, a 70’ south-facing terrace, a billiards room, breakfast room, conference room, state-of-the-art screening room, two fully furnished guest suites with private kitchens, and a state-of-the-art fitness center complete with Peloton bikes as well as yoga and Pilates studios. Additional amenities include a porte-cochère that leads to an automated parking garage with electric car charging stations, a 75-foot swimming pool, custom hydrotherapy circuit spa, children’s playroom, Luxury Attaché concierge, and a dog playroom serviced by SPOT. 252 East 57th features 93 condominiums which are located on the top 36 floors of the 700' tall tower which was designed by Skidmore, Owings & Merrill (SOM) and developed by World Wide Group and Rose Associates. The tower also features 175 rental residences known as Aalto 57 on the lower floors. Sales for available condominium units range in size from 1738 to 4972 SF and range in price from $3,975,000 to $14,800,000.

When designed the intrior spaces, Romualdez drew inspiration from iconic NYC spots such as Mr. Chow’s and Halston’s showroom at the Olympic Tower. Romualdez said he “wanted the interiors to be very urban and sleek. We chose certain pieces like the St. Thomas sofa and the waterfall coffee table - both in the living room - because they are personal favorites. The Arne Jacobsen swan chairs in the library were a nod to the cosmopolitan design-minded person who I imagined would be a resident of 252.” On working within SOM’s architecture, he explained, “we used the curve of the building, a significant SOM feature, as a running theme throughout our design. The outline of the pool is curved, as is the oval handrail." 

Construction Update: One Manhattan Square Nears Halfway Point, On Track for 2019 Completion

Gary Barnett's Extell Development is is a cruising through construction on One Manhattan Square, the 850' residential skyscraper project being developed at 252 South Street. The tower is now close to halfway up and is on track for a 2019 completion. Construction is moving smoothly despite a lawsuit from Con Edison alleging construction on the tower destroyed a nearby steam main and caused $4 million of damage. One Manhattan Square will feature 815 residential units which start at $1.2 million for a 1 bedroom, and range up past $4.4 million for a 3 bedroom in terms of current listings. A duplex has previously sold in the tower for $13 million. The building is designed by Adamson Associates with interior design by Meyer Davis Studio and lush landscaping around the property by West 8. One Manhattan Square features 100,000 SF of indoor and outdoor amenities including a sports club, full court basketball court, bowling alley, squash court, golf simulator, fitness center, spa, tranquility garden, 75' indoor swimming pool, hot tub, wine room with cellar bar and lounge, billiard room, cigar room, children's room, private motor court, and 24 hour doorman and concierge amongst others in this extremely highly amenitiezed building. 

Construction Update: 572 Eleventh Avenue Tops Off in Hell's Kitchen

The Moinian Group has topped off their 13 story, mixed-use development at 572 Eleventh Avenue in Hell's Kitchen after breaking ground just over 1 year ago in April 2016. The contemporary building will feature 164 residential units is designed by award-winning architectural firm CetraRuddy. Residential units will average 760 SF and will feature interiors by HM White. The total buildout will span 178,857 SF and rise 144'. 572 Eleventh Avenue is located between 43rd and 44th streets will feature 10,827 SF of ground-floor retail. Completion is expected in 2018.

The Moinian Group has played a major role in the reshaping of 11th Avenue, Hell's Kitchen and Manhattan's West Side. The area is one of Manhattan's quickest developing neighborhoods which features The Related Companies' Hudson Yards development as well as the ODA designed Charlie West. Over the years Joseph Moinian, founder of The Moinian Group, became one of the largest landowners on 11th Avenue with a portfolio that featured over 5 acres and 4 million SF of buildable SF.

“As early developers on the Far West Side, we’re excited to start our next chapter at 572 11th Avenue. At The Moinian Group, we’ve invested in numerous evolving neighborhoods that have become some of the most desirable addresses in New York City – from the Financial District to Columbus Circle – and Hudson Yards is well on its way to becoming a vibrant, 24/7 district to live, work and play. We’re looking forward to helping to meet the demand for additional residential units in the area, and to the neighborhood’s continued growth and success,” said Joseph Moinian, CEO of The Moinian Group.

Sales Have Launched at Charlie West in Hell's Kitchen, Designed By ODA New York

Sales have launched at the ODA New York designed Charlie West in Hell’s Kitchen. Pricing starts at $700,000 for a studio and ranges up to $4.9 million for a 4 bedroom penthouse with 612 SF of outdoor space. Floorplans at Charlie West range from studio to 3 bedroom layouts and feature open-plan living with floor-to-ceiling glass windows, city views, oak floors and white quartz countertops and backsplashes and Calacutta marble and walnut bathrooms.

Adjacent to Manhattan's west side Amtrack tracks, Charlie West will feature condos with a "quintessential downtown style." The building is being developed by Elad Group and Mi&Co with architecutre by the New York-based ODA and interiors designed by Andres Escobar. Charlie West will be made of two, twin, 16-story towers which feature 123 condominium units. The towers are connected via an interior courtyard. Common spaces and amenities are inspired by boutique hotels with a "Hell's Kitchen" vibe and include resident's lounge with fireplace, "bike box" bike storage, children's playroom, and an indoor swimming pool. Charlie West is located at 505 West 43rd Street. Check-out our coverage of their new rendering release from June 2017. 

Sales Update: Inside Zaha Hadid's Almost Completed, Futuristic, High Line Hugging 520 West 28th Street

520 West 28th Street , a truly iconic, stand-out design from the late Zaha Hadid, has reportedly begun to close. The tower is over 66% sold with roughly 25 under contract and 1 closed sale. Buyers who reserved their units have just begun to close with Unit #14 reportedly closing June 26, 2017 for $6.195 million; a 2,147 SF 2 bedroom, 2.5 bathroom unit. Construction on the building is just about complete. Developed by The Related Companies and designed by Zaha Hadid Architects, the 39 unit building is for those who appreciate true modern luxury and will remain a part of Manhattan's High Line for decades to come. The boutique condo tower will rise 11 floors and 135'. The building features an elegant hand-rubbed metal façade which is driven by one continuous line with dynamic curves create a distinctive chevron pattern that embraces interlacing levels, maximizing privacy and security between residences. As the chevron weaves up from the ground, its folds create a multi-level design that links residence exteriors and interiors together in one sweeping movement. The result is a vertical landscape sitting directly on the High Line. Units start at $4.95 million and range up to $50 million. Amenities include a 75' skylit indoor pool, reservable aquatic spa suite, private secure vault style storage with private viewing suite, private iMax theater, High Line level terrace and lounge, and a state-of-the-art fitness center. The building's design itself is integrated with the High Line as it features a Sculpture Deck and private access directly onto the popular walkway. Enjoy the tour below. 

Unit Interior (Model Unit)

Exterior

Interior Amenity Spaces

Construction Update: What is Going on at Bizzi & Partners & SHVO's 125 Greenwich Street

Ever since it's confirmation as a supertall, the excitement behind 125 Greenwich Street has been immense. Matched with a tax evasion indictment of developer Michael Shvo, there is just no end to the drama at the Rafael Viñoly designed residential skyscraper. Approvals were granted up to a height of 1,400' before being scaled back to 899' for what was to be Downtown Manhattan's tallest residential tower. Viñoly holds that a reduction in the size was to curtail shadows that would be cast onto the adjacent World Trade Center site. 125 Greenwich Street is being developed by a joint venture between Michael Shvo, Bizzi + Partners Development, and Douglas Elliman founder Howard Lorber’s Vector Group after they purchased the 9,000 SF lot for $185 million in 2014.

Drama hit this past winter (2016, '17), when Michael Shvo was forced to give up control of the $900 million project five months after he was indicted on tax evasion charges related to his extensive art collection. Shvo was indicted by Manhattan District Attorney Cyrus Vance Jr. in January 2017 on charges for criminal tax fraud in the 2nd, 3rd and 4th degrees, among other charges, after repeated failure to file taxes and working to evade the payment of more than $1 million in taxes related to the purchase of fine art, furniture, jewelry and a Ferrari. Bizzi + Partners Development along with Vector Group will complete the project while Douglas Elliman, also controlled by Lorber and Vector Group, will handle sales. The shake-up came after the indictment spooked lenders on the project. Shvo will retain his equity stake with is expected to be around 10% of the project. The projected sellout is $875.35 million. 

When completed, 125 Greenwich Street will stand 899' and feature 273 residential units, covering 360,000 SF. Layouts are offered from studio to 3 bedroom and range in size from 400 SF to 2,500 SF. Units feature interiors by March & White along with limited interior colums. The top 3 floors have been reserved for unique, sky-high amenity spaces with views of the Manhattan skyline. Amenities include a state-of-the-art fitness center, spa, squash courts, conference rooms, library, kitchen, tech bar and "grotto." The bottom 3 floors, including street level, will be retail space. Estimated completion for 125 Greenwich street is 2018.

New Condo Inventory in NYC Rises 35% in Q2 2017 As Resale Inventory & Units Under Contract Plummet

The New York condo market may be steamrolling ahead into uncertain waters. A new report by Halstead Property Development Marketing shows that available new construction inventory in New York City was up 35% during Q2 2017. During the same quarter, the market saw contracts on new construction units fall 23% and Douglas Elliman's quarterly report shows that Manhattan's resale inventory fell for the first time in 3 years. The drop in resale inventory has been powered by expired listings due to overpricing and rising inventory. There is just too much inventory compared to shoppers in the current market. 5,936 new construction units were listed in the market during Q2 2017, while a mere 350 went under contract during the same period. During 2017, 2,600 units are expected to hit the market. Brooklyn itself saw a 28% drop in condo inventory during the same period. 

During Q2 2017, new construction median pricing came to $3.3 million, up 23% year over year. The media price of a Manhattan apartment hit a record $1.2 million in Q2 2017, up 7% year over year. Comparatively, the median price for a condominium was $1.9 million while the median price of a co-op came to just $793,750.

125 Greenwich Street by Bizzi & Partners Development

"What is clear that the Manhattan real estate market remains surprisingly robust, especially on the re-sale side. Prices have moved higher, including two new records set and there has been a sharp rise in sales, as inventory has slipped," said Steven James, CEO of Douglas Elliman New York City.

The upper, luxury reaches of the market have seen the biggest drop as many overpriced their units hoping to catch onto the furious cycle that saw prices rise to unprecedented level. The luxury market saw an 11% drop in inventory as sellers begin to accept the new market conditions; despite that, at the same time the median price of luxury apartment sales rose to $6.8 million, up 4% year over year. 

"High sales, record prices, re-sale inventory beginning to slip and still plenty of bidding wars (although at half the levels seems in 2015), is what we have seen in the second quarter of 2017. The key item from my perspective is greater negotiability at the high end of the marketplace. Listing discounts began rising in the last quarter which means that luxury sellers are becoming more realistic with pricing.  Marketing time keeps expanding because buyers won't budge. Marketing time keeps expanding because buyers won't budge and that is making for more sales as sellers recognize that," said Jonathan Miller of Miller Samuel, Inc. 

121 East 22nd Street by Toll Brothers City Living

New Renderings of the Lower Eastside's 86 Delancey Street Unveil Updated Design

New renderings from SWA Architecture have been revealed that show an updated design for 86 Delancey Street, which is being developed by David Escava's Helm Equites. The project will rise 12 stories and feature 23,668 square feet of residential space, spread over 24 residential apartment units. There will also be 5,769 SF of commercial space on the ground levels. The 2 story commercial building that previously stood on the site was demolished in March 2017. Helm Equities is aiming for completion by the end of 2018.

Extell & Gary Barnett Closing in On $900 Million Construction Loan for the $4.02 Billion Central Park Tower

After a nearly 18 month search, Extell Development, led by visionary Gary Barnett, are closing in on securing a $900 million construction loan for Central Park Tower led by JPMorgan Chase. The loan, if finalized, would be one of the largest during the current development cycle. Central Park Tower is located on Billionaires' Row on Central Park South. The project is the first of its kind with a $4.02 billion sell-out for the ultra-luxury condo tower. Central Park Tower will be designed by Adrian Smith + Gordon Gill Architecture, rising 1,550 feet and will feature 179 luxury condo units.

Penthouse South at Ian Schrager's 160 Leroy Under Contract, Was Asking $31.5 Million

The second most expensive unit at 160 Leroy has gone under contract. Penthouse South is 4 bedrooms and 4.5 bathrooms spread over 4,849 SF which was originally asking $31.5 million. The unit also features 2,600 SF of outdoor space complete with a summer kitchen and 12 foot ceilings with floor-to-ceiling glass. The 5 bedroom Penthouse North is still listed for $48.5 million. 160 Leroy Street rises 185 feet and will feature 57 residential condominium units, covering 184,934 SF. The units range from 1 to 6 bedrooms including a 6-bedroom penthouse that covers the entire 12th floor and features 12,000 SF of interior space and 7,500 SF of outdoor space. The ground floor has an 830 SF retail unit. Amenities include a private courtyard and garden by landscape designer Madison Cox, full-time concierge, 24-hour doorman and porter, onsite resident manager, 70' pool and whirlpool spa with floor-to-ceiling glass, state-of-the-art fitness center, yoga studio, steam room and sauna, private massage rooms, recreation lounge and parking spaces availible for purchase. 160 Leroy Street is being developed by Ian Schrager Company and was designed by Herzog & de Meuron with Madison Cox Associates as the landscape architect. Completion is estimated by end of year 2017.  

The Greenpoint, Brooklyn's Newest Residential High-Rise, Launches Sales & Releases New Renderings

Greenpoint’s tallest building, The Greenpoint, has launched sales on its 95 condominium units. The 40-story tower was designed by architect Ismael Leyva and is being developed by Mack Real Estate Group and Palin Enterprises along with with Urban Development Partners. 1 bedroom units start at $989K, $1.51 million for 2 bedrooms, and $2.16 million for 3 bedrooms with pricing on studios yet to be announced. The building will also contain 368 rental units. Rental pricing is yet to be released. Amenities include a basketball court, sun deck, gym, yoga studio, co-working spaces, outdoor lounge, children’s playroom, a private dining room and a restaurant by chef Marcus Samuelsson which will be open to the public. The Greenpoint is located at 21 India Street. Residents are expected to move in summer 2018.

New Renderings Unveiled of Contemporary Mixed-Use Project, Element88, in Williamsburg

Element88 has released new renderings of their 9-story, mixed-use project which is planned at 88 Withers Street in Williamsburg, Brooklyn. The contemporary building will rise 100' and will feature 33 condominium residences along with 5,000 SF of ground-floor retail space. In total the development will bring 39,815 SF of usable space. Element88 is under development by RYBAK Development and BK Developers, who just locked-down an additional $19 million in construction financing. The futuristic building was designed by Zproekt Architecture and is expected to be delivered summer 2018.

Two Trees Management Unveils 15,000 SF Public Plaza at 300 Ashland Place

Two Trees Management has unveiled a $6 million, 15,000 SF public plaza that will serve to add life to the under-utilized intersection as part of their rental initiative at 300 Ashland Place. The park is being designed by Enrique Norten and developed by Two Trees Management, who is the same architect and development team who designed and built the 300 Ashland Place rental building. Two Trees Management will turn the park over to the city upon completion. 

New Renderings Released of Charlie West, ODA's 123-Unit Hell's Kitchen Condo Project Designed by Andres Escobar

New renderings have been released of ODA's new Hell's Kitchen condo development, Charlie West. Adjacent to Manhattan's west side Amtrack tracks, Charlie West will feature condos with a "quintessential downtown style." The building is being developed by Elad Group and Mi&Co with architecutre by the New York-based ODA and interiors designed by Andres Escobar. Units at Charlie West will be made of two, 16-story towers which feature 123 condominium units ranging from studio to 3 bedroom layouts and feature open-plan living with floor-to-ceiling glass windows, city views, oak floors and white quartz countertops and backsplashes. The towers are connected via an interior courtyard. Common spaces and amenities are inspired by boutique hotels with a "Hell's Kitchen" vibe and include resident's lounge with fireplace, "bike box" bike storage, children's playroom, and an indoor swimming pool. Sales are expected to launch this summer (summer 2017) and is located at 505 West 43rd Street. 

Construction Update: 15 East 30th Street Begins Foundation Work, Releases New Renderings

15 East 30th Street, from J.D. Carlisle and Fosun Group, has completed their excavation and have begun foundation work on their Midtown South high-rise which is being designed by Handel Architects. The project is located in a premier location at 30th Street and Fifth Avenue and will set a new standard for building height in the lower streets of Midtown Manhattan before giving way to 262 Fifth Avenue which will be Midtown South's first supertall. 15 East 30th Street will rise 756 feet over 51 floors. The building will feature 180 residential units with 295,970 SF of residential space and 7,500 SF of ground-floor retail space. Completion is expected in 2019.

New Images Released of Park Slope's 251 1st Street Designed by ODA New York

New interior photos of Park Slope's 251 1st Street have been released 3 months after the launch of sales. Just 4 units are still available and the photos show the $2.9 million 4 bedroom, 3 bathroom penthouse that spans 1,700 SF and features views of the Manhattan Skyline. The 11-story building features 44 units in total and was designed by ODA New York for both the interior and exterior. 251 1st Street is located at First Street and Fourth Avenue in Brooklyn and will feature a "stroller valet." Other amenities include a yoga room and bike storage. Units range from 2 to 4 bedrooms and $1.3 million to $3 million. Each apartment will have wide-plank white oak floors, Sivec marble master bathrooms, Bosch washers and dryers, Gaggenau stoves and refrigerators, and wine coolers.

Construction Update: Staten Island's New York Wheel Observation Wheel Hit With Lawsuits, Construction Paused

Construction on Staten Island's 630-foot New York Wheel has been paused amid lawsuits and one of the construction teams walking off the site. The $590 million project aimed to bring an iconic observation wheel to bolster the redevelopment along the North Shore of Staten Island. City inspectors identified many problems at the worksite including a defective pad in which the wheel was to sit, inadequate welding on the wheel's legs and poor attachment methods between the wheel and pad. A payment dispute also arose between the developer, New York Wheel, LLC., and the design team, Mammoet-Starneth, in which lead to the design team to walk off the site, breaching their $165 million contract. New York Wheel was supposed to be completed in 2017 but now plans to open to the public in April of 2018 should they be able to get all of their construction and legal issues sorted out. 

Construction Update: 160 Leroy Street Nears Completion, Glass Façade Installed

160 Leroy Street in the West Village is nearing completion as installation of the glass façade has reached the top, 12th floor. 160 Leroy Street rises 185 feet and will feature 57 residential condominium units, covering 184,934 SF. The units range from 1 to 6 bedrooms including a 6-bedroom penthouse that covers the entire 12th floor and features 12,000 SF of interior space and 7,500 SF of outdoor space. The ground floor has an 830 SF retail unit. 160 Leroy Street is being developed by Ian Schrager Company and was designed by Herzog & de Meuron with Madison Cox Associates as the landscape architect. Completion is estimated by end of year 2017. 

Construction Update: 242 West 53rd Street Nears Top-Off of 62-Story Mixed-Use Tower

Construction is nearing top-off at the 62-story, 426-unit mixed-use tower at 242 West 53rd Street which is located directly between Broadway and Eighth Avenue and will feature 426 residential units. The tower will rise 62 stories, about 675 feet, and cover 542,276 SF including 16,514 SF of retail and parking for 90 cars. Amenities include a bike storage, extra storage, residential lounge, 2 swimming pools, state-of-the-art fitness center with basketball court, roofdeck with outdoor terrace, golf simulator and private dining room. 242 West 53rd Street is being developed by Align Management and was designed by CentraRuddy Architecture. Completion is expected in early 2018.

Construction Update: 99 Hudson Street Reaches 5th Floor of 79-Story Mixed-Use Tower

99 Hudson Street has reached the 5th floor as construction is progressing in Downtown Jersey City under development by China Overseas Holdings Limited. The tower will rise 900 feet covering 79 stories and will feature 781 condominium units in the mixed-use high-rise. The project will also feature 15,000 SF of retail space and 14,000 SF of public space along with a 609 car garage. 99 Hudson Street was designed by Perkins Eastman and is expected to be completed in 2018.