The Real Deal New York

Posts Tagged ‘Toll Brothers’

  • 55-w-17th

    David Von Spreckelsen and 55 West 17th Street

    Toll Brothers City Living filed plans yesterday for its 91,700-square-foot, 55-unit development at 55 West 17th Street.

    The developer paid $68.5 million for the site, which housed a six-story, 54,000-square-foot mixed-use office and retail property, in October, as The Real Deal reported. The new 19-story building would hold 5,230 square feet of ground-floor retail and apartments averaging 1,600 square feet. The sole penthouse unit would occupy the top two floors. [more]

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  • From left: Renderings of Intercontinental's hotel at 300 Schermerhorn Street in Brooklyn and Toll Brothers and Starwood's hotel at Pier 1 in Brooklyn

    From left: Renderings of Intercontinental’s hotel at 300 Schermerhorn Street and Toll Brothers and Starwood’s hotel at Pier 1 in Brooklyn

    Builders are pursuing more hotel projects in Brooklyn this year than in 2012, in spite of a lackluster hotel market in the borough, according to figures by hotel data-crunching firm Smith Travel Research. [more]

  • Rendering of 100 Barrow Street

    Rendering of 100 Barrow Street

    West Village church St. Luke in the Fields will develop a 15-story residential building to fund its own new buildings.

    The church plans to construct a 70,000-square-foot residential rental building at 100 Barrow Street, part of an entire block St. Luke owns. The 153-foot tower would be built as-of-right and is planned to be so-called 80/20 housing, which would give the developer a tax break for making a portion of the residences affordable. Barry Rice, the architect on the project, told the Villager that the developer hasn’t yet applied for the 421a tax exemption, but plans to do so soon. [more]

  • From left: 122-130 East 23rd Street and rendering of Pierhouse 1 at Brooklyn Bridge Park

    122-130 East 23rd Street and rendering of Pierhouse 1 at Brooklyn Bridge Park

    Home builder Toll Brothers topped analyst estimates with the company’s fiscal fourth quarter earnings, as home prices soared alongside increasingly tight inventory.

    Net income for the builder for the three months through October was $94.9 million, or $0.54 a share, the Pennsylvania-based company said. [more]

  • 400-pas

    400 Park Avenue South, Christian de Portzamparc and LVMH Tower at 19 East 57th Street

    A new building — and possibly a good one — is rising at 400 Park Avenue South, on the southwest corner of 28th Street. Only last week, it topped out at 40 stories. [more]

  • A rendering of Pierhouse at Brooklyn Bridge Park

    A rendering of Pierhouse at Brooklyn Bridge Park

    WEEKENDEDITION Pierhouse, Toll Brothers’ $280 million development at Brooklyn Bridge Park’s Pier 1, is expected to contribute $16 million to the park’s annual budget for operations and maintenance. [more]

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  • 953-961 First Avenue

    953-961 First Avenue

    Toll Brothers’ Turtle Bay mixed-use project at 953-961 First Avenue will be 34 stories high and have 136 condominium units, according to Department of Buildings permits filed yesterday.

    The 11,714-square-foot tower, located between 52nd and 53rd streets, will include ground floor retail space and a triplex on the 31st through 33rd floors, according to the permits. Previously, Toll had planned to build 161 rental units. [more]

  • A rendering of Pierhouse at Brooklyn Bridge Park

    A rendering of Pierhouse at Brooklyn Bridge Park

    Toll Brothers has released the pricing for Pierhouse, its 108-unit townhome-style development at Brooklyn Bridge Park’s Pier 1. The Brooklyn Heights project will also create 1Hotel, which will have 193 rooms, as well as restaurants, a banquet hall, retail, a fitness center and a 300-car parking garage. Construction is slated to be completed in 2015. [more]

  • Scott Avram

    Scott Avram

    The Lightstone Group’s latest major hire, Scott Avram, wants to put the company on the map as a homebuilder. The former Toll Brothers executive, who left the Brooklyn-based developer in August after nine years to spearhead Lightstone’s move into new development, said the firm has the appetite and the means to become a force in the world of ground-up construction.

    Working under David Lichtenstein, the founder of Lightstone, and Mitchell Hochberg, the founder of residential developer Spectrum Communities and Lightstone’s president, Avram has begun to assemble a team of executives to seek out ground-up development opportunities in the five boroughs, he told The Real Deal. [more]

  • A rendering of Pierhouse at Brooklyn Bridge Park

    A rendering of Pierhouse at Brooklyn Bridge Park

    From the November issue: The problems visited upon the area now occupied by Brooklyn Bridge Park go back far more than a century, to the completion of the Brooklyn Bridge itself in 1883. That landmark rendered largely obsolete the ferry services that once occupied this part of the waterfront. [more]

  • photo1267

    From left: Nathan Shapell, Paul and Vera Guerin with performer Wynonna Judd (center), and Toll CEO Douglas Yearley Jr.

    WEEKENDEDITION A new real estate billionaire was crowned this week when Vera Guerin, the daughter of Nathan Shapell, an Auschwitz survivor and one of California’s largest property developers, sold her late father’s company to Toll Brother’s for $1.6 billion. [more]

  • Home offices getting an upscale makeover

    November 16, 2013 11:00AM
    A home office

    A home office

    WEEKENDEDITION When executives telecommute, they do it in style, from homes offices complete with 300-bottle wine cellars, custom-built desks and interiors modeled after yachts. The home office is no longer a cluttered corner with a fax machine, but a “recreational status symbol.” [more]

  • A rendering of 1110 Park Avenue

    A rendering of 1110 Park Avenue

    It’s certainly easy to feel for the good people who inhabit the two buildings that flank 1110 Park Avenue. Because of the L-shaped footprint, their windows now clear the two low-lying structures that stand between them and the street, affording their residences charming and highly salable glimpses of that famous boulevard. If Toll Brothers has its way, however, all of that will change.

    A 15-story building will plug the space between the two tall buildings on either side, 1100 and 1112 Park Avenue, and the view will be gone. Naturally, all sides have lawyered up, as New Yorkers are wont to do, and there are efforts to landmark the area up to 96th Street, in hopes that that might stop the new construction. [more]

  • David Von Spreckelsen and 55 West 17th Street

    David Von Spreckelsen and 55 West 17th Street

    Fresh off its deal to buy the Flatiron District headquarters of a non-profit, Toll Brothers has inked a contract for another residential development site near Union Square — this one for $68.5 million, or $744 per buildable square foot, The Real Deal has learned. [more]

  • 122-130-East-23rd-Street,-Von-Spreckelsen

    From left: 122-130 East 23rd Street, Toll’s David Von Spreckelsen

    National homebuilder Toll Brothers is in contract to buy a nonprofit’s Flatiron District headquarters — on a lot that allows for a 200,000-square-foot residential development — for $150 million, or more than $750 per buildable square foot, The Real Deal has learned. [more]

  • 400 Park Ave. S. launches teaser website

    September 05, 2013 10:32AM
    Sam Zell and a rendering of 400 Park Avenue South

    Sam Zell and a rendering of 400 Park Avenue South

    The exclusive condominium and rental project at 400 Park Avenue South being developed by Toll Brothers and Sam Zell’s Equity Residential now has a teaser website.

    Designed by Christian de Portzamparc, “Sky Couture” at Park Avenue South and 28th Street will have 265 rentals developed by Equity Residential on the lower 22 floors, and 100 condos developed by Toll Brothers on the upper 18 floors. Prices for the one- to five-bedroom condos start at $1 million and go to more than $10 million, according to BuzzBuzzHome. [more]

  • A rendering of 205 Water Street in Dumbo

    205 Water Street

    The section of Dumbo east of the Manhattan bridge is undergoing rapid development, catching up with “prime Dumbo” on the other side of the bridge.

    Recent projects in east Dumbo include a rental building at 220 Water Street and condominium buildings at 185 Plymouth Street and 192 Water Street. Big-name developers such as the Toll Brothers have also been attracted to the area, with condo projects such as 205 Water Street. [more]

  • david-von-final

    Toll’s David Von Spreckelsen

    Toll Brothers’ profits dropped 24 percent in the fiscal third quarter as the result of paying off a tax expense of $21.7 million, compared with a tax benefit of $18.7 million in 2012.

    The national homebuilder’s income in May, June and July fell to $46.6 million, from $61.6 million the previous year. It went from 36 cents a share to 26 cents a share, Bloomberg News reported. Meanwhile, revenue increased 24 percent to $689.2 million. Pretax profit grew from $43 million to $68.3 million. The Horsham, Pa.-based company signed contracts for 1,405 homes at a value of $992.6 million. In 2012, it signed 1,119 homes at $674.4 million. [more]

  • Baby boomers and a rendering of 160 East 22nd Street

    Baby boomers and a rendering of 160 East 22nd Street

    Baby boomers are moving in greater numbers to young, trendy New York City neighborhoods such as Williamsburg, often pushing prices up and prompting developers to tailor amenities to buyers in their golden years, the Wall Street Journal reported.

    For example, home building giant Toll Brothers created its City Living division a decade ago, hoping to target increasingly affluent young buyers, the company’s CEO Doug Yearley told the newspaper. What they didn’t expect, however, was that baby boomers would end up buying such a large share of the homes. [more]

  • Michael Levoff, 132 East 65th Street

    Michael Levoff, 132 East 65th Street

    Michael Levoff, public relations professional and current vice president for public affairs at the Partnership for New York, has purchased a condominium at the Touraine, a new Toll Brothers development on the Upper East Side for $3.73 million, the New York Observer reported. [more]