The Real Deal New York

Manhattan New Residential Development

October 16, 2007 03:51PM

Lower Manhattan
29 John Street

Conversion of 80,000 square foot office building into 50 luxury condos. The developer is Y.L. Real Estate Developers a partnership between Yair Levy and Ezra Mashaal of the Kash Group. The architect is Arpad Baksa. Interiors and amenities are being designed by Shamir Shah, and include a rooftop gym. Contact: Douglas Elliman Development Marketing Group, 212-702-4060.

Midtown
325 Fifth Avenue

Construction scheduled to begin shortly on a 250-unit condo project between 32nd and 33rd Streets. The building, which is expected to be completed in early 2006, is being developed by a joint venture between Continental Properties, owned by the Fisch family, and Jeffrey Levine’s Douglaston Development. Prices are not yet announced.

Midtown
125-135 West 31st Street

Fifty-eight story project being built by a partnership of the Franciscans of the Holy Name Province, the Durst Organization and Sidney Fetner Associates. The building will include a residence operated by the American Cancer Society for patients in treatment, new facilities for the church and 460 rental apartments, 20 percent of which will be for low-income households.

Upper East Side
Hampton Court
333 East 102nd Street

Glenwood Management is now leasing an eight-story, 229-unit rental building at First Avenue. Net effective rents start at $1,765 for a one-bedroom, $2,015 for a two-bedroom and $2,655 for a three-bedroom apartment. Amenities include hardwood parquet floors, marble bathrooms, 24-hour doorman, virtual concierge service, fitness center, children’s playroom, shuttle to the 86th Street subway and a courtyard. This is the first luxury residence above 100th Street, according to Glenwood. Contact: Glenwood, 1-877-535-0500.

Upper East Side
The Carhart Mansion
3 East 95th Street

Formerly one of several Upper East Side townhouses belonging to the Lyc e Fran ais de New York, the 38,810 square foot building off Fifth Avenue is being converted into four luxury condos. The development will include a five-bedroom triplex and a four-bedroom penthouse, both asking $21 million, a duplex asking $15.5 million and a three-bedroom apartment asking $10.5 million. When completed in March 2005, the residences will include five powder rooms, a wine vault and a wet bar, private storage, 11-foot ceilings and two butler’s pantries, according to the New York Observer. London architect John Simpson is working on the project. Contact: Carrie Chiang at Corcoran, 212-836-1088.

Upper East Side
21 East 96th Street

Eleven-story condo with nine units, all exceeding 3,000 square feet and with prewar layouts. Four-bedroom, four-bathroom apartments are selling in the range of $4 million. The building is set to open in a year, and five units have already been sold. Contact: Sophie de Sanctis, Corcoran, 212-360-6486.

Construction Update:

Chelsea
555 West 23rd Street

A topping out ceremony was held last month for the 14-story luxury rental building between 10th and 11th Avenues. To be opened in spring 2005, the building will have 337 studio, one- and two-bedroom apartments. It was designed by the Stephen B. Jacobs Group and by interior designer Andi Pepper. The developer is Levine Builders. Contact: Leasing consultant Nancy Packes, Halstead/Feathered Nest, 212-508-7456.

New Developments From Previous Months

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