More excitement is continuing to shake-up Greenpoint, Brooklyn as 91 Diamond Street, a new condominium development by Mortar Architecture + Development has been revealed. The building will feature 10 units with an average size around 1,000 SF. The entire development will encapsulate 10,000 SF complete with ground-floor parking. 91 Diamond Street will rise 5 floors and completion is expected in 2019.
Drama is beginning to stir-up Bedford-Union Armory redevelopment in crown heights. Eric Adams, the Brooklyn Borough President, has made his views public that the redevelopment should not feature condos as the developers, BFC Partners, works to rezone the land under review of the Uniform Land Use Review Procedure. Crown Heights residents argue that as the proposed project is on city owned land, the entire project should be affordable housing. The proposal by BFC Partners features 2 residential building, one mixed-income rentals and the other condos. 50% of the rentals will be affordable housing as will 20% of the condos. Community amenities will include a community center, pool, gym and sports courts. Adams proposed increasing the number of affordable units as well as high-income targeted units which would help offset the operating cost of the property. He also proposed that 20% of the affordable units be available for the homeless. The City Planning Commission will review this fall (2017).
New renderings have been unveiled of 277 Fifth Avenue, the Rafael Viñoly Architects designed condo tower under development by Victor Group and Lendlease. The interiors are by acclaimed interior-architect Jeffrey Beers International. The 55-story building will feature 130 condos which range from an 828 SF 1-bedroom unit up to 4,250 SF 4-bedroom unit. There will be 4 condos per floor in the exclusive building and pricing will start around $2 million. Amenities include a full-time doorman, fitness center, men's and women's spas, terrace that overlooks Fifth Avenue, library, game room, entertainment suite, and separate dining room among others. Completion is expected in 2018.
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.
The $65 million penthouse at 70 Vestry is now under contract. The announcement comes just months after a $50 million penthouse at 70 Vestry went under contract. The building is being developed by Related Companies and was designed by starchitect Robert A.M. Stern. The unit spans 7,800 SF with another 3,700 SF of outdoor space. The penthouse also features 4 bedrooms, 4 kitchens, a solarium, a library, and a wraparound roof deck. The highest sale in Tribeca is currently held by a $47.8 million closing at 56 Leonard.
70 Vestry is expected to be completed in 2018 and is close to 90% sold. The building features a mere 46 condos with a limestone façade adding an elegant touch to the Tribeca skyline. Stern selected Beaumaniere limestone that comes from a quarry on the banks of the Seine, 150 miles south of Paris where it has been quarried in the French countryside for hundreds of years and delivers the beauty, quality and consistency that was needed at a development of 70 Vestry's stature. Other amenities have an emphasis on privacy and include a private courtyard, porte cochere entry with an automated garage, library, state-of-the-art fitness center and limestone and marble indoor pool. Its location on the West Side Highway offers breathtaking views of the Hudson River
115 Broadway in Williamsburg appears to be getting a contemporary, mixed-use designed by DXA Studio. The 4-story development will include 5,040 SF of commercial space including ground-floor and second floor retail, office space on the third floor, and community space on the fourth.
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.
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.
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.
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.
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.
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.
Penn Station is officially moving forward with a $1.6 billion revamp after reaching a financial deal announced Governor Andrew Cuomo. The project includes redeveloping the James A. Farley Post Office into the Moynihan Train Hall and is a joint venture between Empire State Development, The Related Companies, Vornado and Skanska, who have committed $1.2 billion to the project. The MTA, Port Authority and Amtrak have committed an additional $420 million. The Related Companies, Port Authority and Amtrak will lease and operate 700,000 SF of commercial and retail space. The project will also include a 255,000 SF train hall and a 92-foot skylight to pay homage to the original Penn Station. The new station will be designed by Skidmore, Owings and Merrill. “Fifty years after the loss of the original Penn Station structure, passengers will once again experience a world-class rail hub worthy of New York,” said Governor Cuomo. Construction will start soon with an expected completion in 2020.
Enclave Equities is planning on developing 5 buildings, forming a 179-unit residential project along the North MacQuesten Parkway in Mount Vernon, N.Y. Two of the buildings will be 5-stories while three additional buildings will include two 5-story and one 4-story buildings. Units will range fro 600-SF, 1 bedroom units to 800 SF 2 bedroom units. The development will be located in the Fleetwood neighborhood of Mount Vernon at 525 North MacQuesten Parkway and 645 North MacQuesten Parkway. Enclave Equities is currently in the approval process and construction is expected to take about 2 years.
The façade is currently being installed at Naveh Shuster Group and Adam America Real Estate rising mixed-use project in Downtown Brooklyn, The Nevins. Located at 319 Schermerhorn Street, The Nevins will be a 21-story building rising 210 feet designed by Issac & Stern Architects as the design architect with Brent M. Porter Architect & Associates as the architect of record. The Nevins will feature 73 condominiums with ground floor retail, totaling 90,181 SF and is expected to be delivered in late 2017.
A new residential proposal by an unnamed LLC has been approved at 1 Dekalb Avenue in White Plains by The White Plains Common Council. The proposal designed by Papp Architects features a 6-story, 77-unit apartment rental residential project. The project will also feature a 10,000 SF public park and underground parking for 103 cars. 22% of the units will be rented below market rates to qualifying families who make roughly 80% of the area's median income.
53W53, formerly known as The MoMA Tower and designed by Pritzker Prize winning architect Jean Nouvel, continues to cruise through construction in Midtown as the building has passed the 35th floor. When complete, 53W53 will rise 82-floors, meaning construction is near the 50% complete mark. The supertall is under development by Hines, Pontiac Land Group and Goldman Sachs. The tower will top out next year at 1,050-feet in 2018. It will mark 3 years since the late 2014 ground breaking and September 2015 sales launch. Hines aims to delivery 53W53 in early 2019.
53W53 will feature 145 condominiums priced between $3.17 million and $50.0 million. Interiors will be designed by Theirry Despont and will included luxurious features include statuary marble countertops and backlit backsplashes, heated Verona limestone slab floors in the bathrooms, and Noir St. Laurent marble, Peruvian golden travertine walls and 4-inch solid American Oak floors. Amenities include concierge, doorman, staffed elevator operator, cleaning service, state-of-the-art fitness center, pool, valet parking and wine cellar. The building is joined with the Museum of Modern Art, in which owners will receive a complimentary membership too. MoMA originally sold the land to Hines in 2006 for $126 million. The museum will have gallery space in 53W53 covering floors 2-5.
Tom Brady and Gisele Bündchen are swapping their unit at 70 Vestry for a more expensive version of the same layout one floor higher at the under construction Tribeca condo building designed by Robert A.M. Stern from Stephen Ross' Related Companies. They will upgrade from the $20 million, 11th floor, 5-bedroom pad to a $29.5 million 12th floor unit. The unit massive unit is 4,647 SF with an additional 1,892 SF of outdoor space.
70 Vestry is expected to be completed in 2018 and is 80% sold. The building features a mere 46 condos with a limestone façade adding an elegant touch to the Tribeca skyline. Stern selected Beaumaniere limestone that comes from a quarry on the banks of the Seine, 150 miles south of Paris where it has been quarried in the French countryside for hundreds of years and delivers the beauty, quality and consistency that was needed at a development of 70 Vestry's stature. Other amenities have an emphasis on privacy and include a private courtyard, porte cochere entry with an automated garage, library, state-of-the-art fitness center and limestone and marble indoor pool. Its location on the West Side Highway offers breathtaking views of the Hudson River
Extell's Central Park Tower is now on the rise on Billionaires' Row, with an estimated completion date of 2019. Developer Gary Barnett reported that Extell had secured $168 million in EB-5 funds for Central Park Tower, bringing them closer to the $1.2 billion in total funding the project is estimated to cost. Up to $340 million can be raised via EB-5 funds. Extell also brought in SMI USA, the US subsidiary of Shanghai Municipal Investment, as co-developers on the project. The supertall condominium is located at 225 West 57th street and will rise 1,550 feet. Sales will launch in late 2017, contrary to neighbor 111 West 57th Street, which has pushed their sales launch for their tower until 2018. Central Park Tower will be designed by Adrian Smith + Gordon Gill Architecture, the same team who designed Dubai's Burj Khalifa (2,722 feet), and the world’s future tallest tower, Jeddah Tower (3,307 feet) in Saudi Arabia. The building will feature a 7-story Nordstrom as the feature tenant of the ground floor retail tower.
The Rockwell Group and Diller Scofidio + Renfro designed 15 Hudson Yards from developers Related Companies and Oxford Property Group, features no sacrifices when it comes to luxury and an elevated living experience for residents. The developers have dedicated the 50th and 51st floors to be amenities including a 75-foot swimming pool, 3,500 SF fitness center, yoga studio, spa, sound-proof screening rooms, billiards, lounge, private dining rooms, wine storage, a golf simulator and the Atelier, a high-end co-working/ business center space. The building will also feature a High Line level lounge and a rooftop lounge with a fireplace, seating areas and dining space for 18 people. 15 Hudson Yards is the first residential building at the Hudson Yards development. The building will be an 88-story glass condo tower with units ranging from 1 to 4 bedrooms and start at $3.785 million ranging up to $32 million. 15 Hudson Yards is over 25% sold with 75 of the 285 luxury residences having sold for an average price of just under $5 million.
