J.D. Carlisle Development Corp. has pressured the local community board into withdrawing support for a farmers’ market that operates in front of Kips Bay Plaza on Sundays, DNAinfo reported. The developer has made deals with retailers, such as Fairway and Staples, for space at the retail complex. [more]
Posts Tagged ‘j.d. carlisle’
J.D. Carlisle Development, the boutique firm behind the Beatrice rental project, told The Real Deal yesterday that it acquired a stalled condo-hotel site in the Murray Hill section of Manhattan, and will construct a new rental building on the property in 2013.
J.D. Carlisle, led by company president Evan Stein and Chairman Jules Demchick, acquired the site, at 158 Madison Avenue, from lender North Hill Capital Management, a Manhattan-based lender that took over $34 million in defaulted loans at the property. [more]
J.D. Carlisle Development, which has now filled up 99 percent of its 300 rental apartments at its latest project, the Beatrice, is now working on a handful of new residential developments in New York City. In an interview with the New York Times, President Evan Stein made the case for rentals from a developer’s perspective: “It’s hard to put your heart and soul into something where at the end of the day you don’t have a tangible asset anymore,” he said, adding that he hopes he wouldn’t ever have to convert the Beatrice apartments to condo, even if the market sees another boom. The four remaining apartments at the Beatrice are penthouses, which will be ready for occupancy May 1 and range from $20,000 to $23,500 per month. … [more]
The Eventi hotel on the corner of 29th Street and Sixth Avenue during the day. Click the images for more.
The West 29th Street tower dubbed Eventi made a neon splash onto Sixth Avenue when its nightly LED lighting display kicked off on the hotel’s second, third and fourth floors last week.
The 54-story Eventi, which opens May 14 under the Kimpton Hotels & Restaurants brand, will light the base of the building every night “the same way the Empire State or Rock Center does,” according to a spokesperson for the hotel, who would not reveal the price tag for the building’s new glow.
A construction worker at the scene said the system has the capacity for a rotating lights show that will be projected onto Sixth Avenue.
That was news to Community Board 5 District Manager Wally Rubin, who declined to comment on the display.
Most of the scaffolding on J.D. Carlisle Development’s 835 Sixth Avenue façade has come down, revealing the Eventi’s lobby. The Real Deal snapped some pictures of the entrance earlier today (photos of the nighttime display are not yet available). Once it’s up and running, the hotel is slated to have 292 guest rooms and 302 luxury rental apartments…. [more]
I haven’t actually counted the stories myself, but press releases claim that the nearly completed 835 Sixth Avenue, between 29th and 30th streets, is 54 stories high, and I can believe them. Whatever the final figure turns out to be, the building is undeniably very tall, especially in the context of the generally lower-lying buildings that surround it in Chelsea. There was once a time when it would have seemed outlandish to suggest that someone would build a fancy hotel, let alone top-end residences, in this woebegone stretch of Manhattan, but today, even with the upheavals in the real estate market, it apparently makes sense to transform a former parking lot into the imposing pile of 835 Sixth Avenue. Designed by the versatile local firm of Perkins Eastman for J.D. Carlisle Development, 835 Sixth Avenue will be home to Eventi Hotel and its 290 hotel rooms (with an alternate address of 851 Avenue of the Americas), as well as 302 luxury rentals, which, when the market turns, will doubtless become condos. Last I heard the hotel was to be run by the Fitzpatrick Hotel Group and would occupy the first eight floors, with longer-term units occupying floors 9 through 13. The residential units go up to floor 54. … [more]
The former site of bankrupt Cabrini Medical Center has drawn a
preliminary $80 million bid from residential developer JD Carlisle, according to real estate blog Black Swan, but broker
Vincent Carrega of Grubb & Ellis, who is handling the sale, is hoping
for a much higher sum come its planned mid-January auction. Cabrini,
whose five buildings sat between Second and Third avenues and 19th and 20th streets, closed in March 2008 and filed for bankruptcy
this summer. It will need 44 percent more in order to pay off its
creditors, and Carrega said he is hopeful about its prospects after
the October auction of two Queens hospitals fetched 50 percent more
than the starting bid. Grubb & Ellis filed a motion Friday in the
Bankruptcy Court for the Southern District of New York to approve the
bidding procedure, the details of which will be discussed at a Dec. 16
hearing. Carrega said the property drew 14 preliminary bids, and that JD Carlisle’s $80 million was the highest amount offered. [Crain's]
The 302 residential units in 835 Sixth Avenue, which also includes the 292-room Kimpton Hotel, will actually be rental units, Curbed reported. The units were originally slated to be condos. The apartments in the JD Carlisle-developed building between 29th and 30th streets are expected to be ready for occupancy in summer 2010. The 54-story building was designed by Perkins Eastman.