The Real Deal New York

New Residential Developments

October 15, 2007

CARROLL GARDENS

Boulevard East

53 Boerum Place

Newly constructed 11-story, 99-unit condo building located in between Brooklyn Heights and Cobble and Boerum Hills. The $40 million project includes studio, one- and two- bedroom apartments priced from around $300,000 to $700,000. Each apartment will be wired with home computer networks where residents can share printers and computer files throughout the apartment. Each unit also has maple hardwood floors, satin finish hardware and ample closet space, among other amenities. The building includes 24-hour doorman service, a landscaped courtyard, club room and fitness center. The developer is SDS/Procida and the building was designed by Stephen B. Jacobs Group P.C. The sales office opens in August and the building will be ready for occupancy in September of this year. Contact: The Corcoran Group Brooklyn development division, 718-923-8061.

CHELSEA

678-680 Sixth Avenue

Century-old five-story warehouse being converted into seven luxury, loft-style rental apartments. Five units will have two bedrooms and two baths, several with a separate area that can be used as an office. The two smaller apartments will have two bedrooms, and bath and powder rooms. The upper floors have good views down Sixth Avenue. Monthly rental prices for the 1,200 to 1,600 square foot apartments start at $5,000. Occupancy was scheduled for mid-July. The developer is Rudd Realty. Contact: The Rudd Group, 212-319-2500.

CLINTON HILL

The Kent

970 Kent Avenue

The former Kaiser Underwear factory is being transformed into a 103-unit high-end condo building, one of the few condo conversions in Clinton Hill, which is a landmarked district. The loft-style units range from 941 to 1,327 square feet, and will sell for between $350,00 and $500,000. A duplex penthouse was added on top of the seven-story building. The project will feature a wall of large windows in each apartment, and other amenities include a gym, private courtyard with a running track and a full-time doorman. The building will be finished toward the end of the year, though apartments are for sale now. The developer and architect is Elissa Winzelberg. Contact: The Developers Group, 718-222-1545.

EAST VILLAGE

445 Lafayette Street (Astor Place)

21-story luxury residential tower on Astor Place with 39 loft residences. Two and three bedroom units will range in size from 1,449 to 3,147 square feet and will be priced from approximately $1.995 million to more than $6.5 million. Apartments will feature undulating floor to ceiling glass window walls and high ceilings. There will also be four full-floor penthouses with private elevator entrances, working fireplaces, private terraces and skyline views. The project was designed by architects Gwathmey Siegel and Associates, is currently under construction and will soon be available for purchase. Contact: sales center, 212-473-4445 or astorplace@related.com.

HARLEM

Central Park North and Lenox Ave

Upscale doorman building is being planned with 80 units on northwest corner of Central Park North and Lenox Avenue. The 20-story building will feature one to four bedroom units ranging in price from $500,000 to $1.7 million. Demolition on the site is planned for spring 2005. The developer is The Athena Group

HARLEM

Site 6

145th Street

The project is middle income housing subsidized by HDC with a few market rate apartments. It will be a 10-story building consisting of 180 units; 37,000 square feet of commercial space and 13,000 square feet of parking space. The building will consist mostly of two and three bedroom units ranging from about 700 square feet to 1,700 square feet, some with oversized terraces and patios. Units feature stainless steel appliances and Euro-style kitchens. The building will have a fitness room, bicycle storage and 24-hr attended lobby. The project is a joint venture between The Richman Group of New York and Gotham Organization Inc. The architect is Greenberg Farrow Architects. The development will break ground this fall and is scheduled for completion within 24 months. Manhattan Apartments is the sales agent for the project. Contact: Manhattan Apartments, 212-378-2360

LOWER EAST SIDE

195 Bowery

16-story tower under construction over what was a five-story commercial building. There will be 13 units, nine of which will be floor-through apartments. The first four floors of the building will be retail and commercial space. Apartments will range from 856 to 2,600 square feet, with 10 1/2 foot ceilings. A penthouse will have 12 1/2 foot ceilings, a fireplace and three terraces. Prices run from $825,000 to $2.7 million. The project is being developed by Charles Blaichman and Charles Saulson and designed by Keith Strand. Occupancy is scheduled for spring 2005, and some units are already for sale. Contact: Natalie Rakowski, Douglas Elliman, 212-769-9892.

SALES REPORT:

COLUMBUS CIRCLE

Time Warner Center

60 of the 65 apartments in the Mandarin Oriental, the northern tower of the project, have been sold. 115 of the 135 units in One Central Park, the southern tower, have also been sold, according to the New York Post. Available units run from a $2 million two-bedroom at One Central Park to two remaining 8,400 square foot, $30 million penthouses – one in each tower. Contact: sales center, 212-823-9300.

FINANCIAL DISTRICT

Liberty Plaza

10 Liberty Street

Newly constructed building is already 45 percent leased. Renters will begin moving into the 287-unit building this month. Prices begin at $2,375 for a one-bedroom and range up to $7,295 for a two-bedroom penthouse with terrace. Contact: Glenwood rental office, 212-535-0500.

MURRAY HILL

120 Gramercy Hill

120 East 29th Street

Project is approaching 60 percent sold after the first 60 days of marketing. Restoration of five 1880\’s era contiguous brownstones, with 25 one-to-four bedroom condominiums, priced from $675,000 to $2.4 million. Contact: 120Gramercyhill.com.

NOLITA

60 Spring Street

Ninety percent of the project, which includes one- two- and three-bedrooms, is sold. Still on the market are several two-bedrooms, starting at $2.35 million for 2,032 square feet and three-bedrooms, starting at $2.9 million for 2,154 square feet of space. Also available is the 2,800 square foot four-bedroom penthouse for $7.4 million. Contact: The Sunshine Group, 212-750-0500.

UPPER WEST SIDE

455 Central Park West

A 26-story condo tower between 105th and 106th Streets with 53 apartments, as well as a renovated landmark French Renaissance chateau at the front of the property. More than 67 percent of the homes have already been sold in both the tower and landmark portion of the development. Apartments at the condo tower went on the market in December at prices ranging from $1.35 million to $4.5 million. Contact: The Marketing Directors, 212-826-8822.

OTHER NEWS:

BATTERY PARK CITY

The Sheldrake Organization, Plaza Construction Corporation and RW Consultants have been selected to erect a \”green\” residential tower on the last waterfront site in Battery Park City. The building will be approximately 30 stories tall and contain more than 300 residential units. The new 537,400 square foot building, slated for Site 16/17, is located on the Hudson River, bordered on the north by Murray Street, the east by North End Avenue, the South by Vesey Street, and on the west by River Terrace. Plaza Construction Corp. is owned by the Fisher family and RW Consultants is a firm run by former deputy mayor Rudy Washington.

TRIBECA

The Loft Residences at 116 Hudson

116 Hudson Street

Stribling & Associates has been appointed the exclusive sales agent for The Loft Residences at 116 Hudson, the latest of actor Robert DeNiro\’s TriBeCa developments. The project involves combining an existing vacant 19th century brick structure with a new glass and metal curtain wall structure. There will be 4 full-floor, two-bedroom apartments as well as a duplex penthouse and 4,000 square feet of retail space. Sales began earlier this month with prices starting at $2.3 million. Contact: Sean Murphy Turner, Stribling Associates, 646-613-2619.

New Developments From Previous Months

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