The Real Deal New York

New Residential Developments

October 26, 2007 03:46PM

Boerum Hill
14 Townhouses
267-287 State Street
HS Development Partners, a joint venture of Time Equities and Hamlin Ventures LLC, are building a group of four- and five-story single-family townhouses that will span almost half a city block. The 4,000-square-foot stand-alone homes will have four to six bedrooms. Prices start at $2.55 million. Rogers Marvel Architects designed the project, which is the first phase of a five-phase development that will include more townhouses, market-rate rentals, and condo lofts. The Corcoran Group is marketing the project. Contact: www.14townhouses.com

Chelsea
447-455 West 18th Street
Madison Equities, in partnership with Rockwood Capital, will soon begin construction on the 12-story, 47-unit condominium. One- to four-bedroom units will range in size from 800 to 1,500 square feet, with floor-through penthouses reaching 1,850 square feet. Audrey Matlock Architects’ design features an all-glass façde. The Corcoran Group is the exclusive sales agent for the building, which is expected to be ready for occupancy in early 2007.

Gramercy Park
Abbey Condominium
205 East 16th Street
Sales have begun for the 31 units in the former parish house for St. George’s Church, the New York Post reported. The building, originally constructed in 1888, had been converted into a rental before going condo. The lobby features a stained-glass panel of St. George slaying the dragon, as well as an 1850 Scottish pulpit for the building’s 24-hour doorman. Prices range from $690,000 for a 660-square-foot studio to $4.15 million for a 3,066-square-foot four-bedroom. The Corcoran Group is the exclusive marketing and sales agent.

Harlem
The Sutton
102 Bradhurst Avenue
Ground was broken in October for the 12-story, 135-unit mixed-income co-op project. The property is being developed by Duvernay & Brooks in association with Penrose Properties. Prices are estimated to be as low as $55,000 and up to $429,750. The $40 million project was the first property to be developed through the New York City Housing Development Corp.’s Affordable Cooperative Housing Program. Contact: 212-234-8840, www.thesuttoncoop.com

Harlem
Hamilton Parc
504 West 136th Street
Gold Development and Great American Construction Corp. topped out the 29-unit condominium, which is slated for completion in June 2006. Amenities include 9-foot ceilings, bamboo floors, a fitness center, a landscaped rear yard, and a roof deck. Halstead plans to start selling units in January 2006. Contact: www.hamiltonparc.com.

Harlem
The Park Central
220 West 111th Street
The 24-unit condominium is a renovation and conversion by Tahl Propp Equities. Prices will range from $467,500 to $920,000, with the units available for occupancy in March 2006. Some of the units have private outdoor space. Warburg Marketing Group is the exclusive marketing and sales agent.

Harlem
Malcolm Shabazz Court
15 West 116th Street
Loewen Development’s nine-story, 38-unit moderate-income rental is scheduled to open in late 2006. Meltzer/Mandl Architects designed the building, which was developed with support from the New York Housing Development Corporation.

Jersey City
The Beacon
A sales center has opened for the first two towers of Metrovest Equities’ $350 million, 10-building development on the site of the former Jersey City Medical Center. The 22-story Rialto and the 21-story Capitol will contain a total of 315 studio, one- and two-bedroom units ranging in size from 600 to 3,200 square feet. They should be ready for occupancy in late 2006. Contact: www.thebeaconjc.com.

Jersey City
“A” Jersey City
The Athena Group and GoldenTree InSite Partners began construction in November on the $110 million, 33-story condominium one block west of the Hudson River. All 250 units will have balconies, and the project will contain 10,500 square feet of retail and a 238-space parking garage. The building will have a brick-and-glass façde designed by The Hillier Group in association with Schuman, Lichtenstein, Claman and Efron Architects.

Lower East Side
115-119 Norfolk Street
Grzywinski Pons Architects is designing a new building just blocks from its last project, the Hotel at Rivington, the Post reported. The six-story, 24-unit glass building will have a lap pool on the roof. Market conditions will determine whether the apartments will be sold as condos or rented out. Units will range from 700-square-foot one-bedrooms to 2,000-square-foot three-bedrooms. Occupancy is scheduled for late 2006.

Lower Manhattan
Cipriani Club Residences
55 Wall Street
The Witkoff Group’s 106-unit condominium is set to open this winter. Prices for the studios to three-bedrooms are expected to range from about $700,000 to $3 million, according to the New York Sun. The Sunshine Group is the exclusive marketing and sales agent. Contact: www.ciprianiresidences.com.

Lower Manhattan
Block Hall
21-23 South William Street
Sales have started at the eight-story building, originally built in 1927 and converted into 31 luxury condominium units. James Kennelly and Charles McInnis of Kennelly Development, along with Keith and Kevin DeMatteis, restored the external façde into its original Tudor style under guidance from the New York City Landmarks Commission. Modern amenities include a fitness center and roof garden. The Hall Marketing Group is the exclusive marketing and sales agent. Contact: 212-588-1800, www.blockhall.com.

Midtown East
ThreeTen
310 East 53rd Street
The 31-story, 88-unit condominium tower developed by Macklowe Properties will offer a mix of residences, including oversized “mansions,” duplex studios, tower residences and a penthouse. SLCE Architects and Moed deArmas & Shannon Architects designed the project, which is nearly 50 percent sold. Prices of available units range from approximately $2.2 million to $10 million. The Sunshine Group is the exclusive marketing and sales agent. Contact: 212-765-5300, www.threetencondo.com.

Park Slope
172 Sterling
172 Sterling Place
Montagu Square Development will convert the limestone-fronted townhouse, originally built in the early 1900s, into eight three-bedroom condominiums, the Post reported. The exterior will remain untouched. Prices for the 1,300-square-foot units will range from $900,000 to $1.3 million. The building should be ready next summer, with the Corcoran Group starting sales in February. Contact: www.montagusd.com.

Tribeca
Tribeca Summit
415 Greenwich Street
The former Summit Warehouse, originally built in 1913, is being converted into 66 condominiums. The building will feature units ranging from two-bedroom lofts to penthouse duplexes and four-bedroom “bay” homes — with ceiling heights from 12.5 to 15.5 feet. The 2,500- to 4,200-square-foot bay homes are being converted from the building’s loading docks. Prices run from about $2.15 million to more than $6 million. Architect H. Thomas O’Hara designed the project in collaboration with conceptual designer Anthony Morali. Occupancy is expected in summer 2006. The Sunshine Group is the exclusive marketing and sales agent. Contact: 212-965-0030.

Williamsburg
510 Manhattan Avenue
The 32-unit luxury building by Tahoe Development contains 28 two-bedroom rentals going for $2,500 a month, and four duplex penthouse condos asking $1.2 million each. Occupancy is scheduled for fall 2006, the Post reported.

Williamsburg
The Lotus Condominiums
Union Avenue and Bayard Street
The five-story, 19-unit condominium will offer residents access to eight parking spaces. Prices range from $569,000 to around $800,000. The exclusive marketing and sales agent is aptsandlofts.com.

Williamsburg
Manhattan Park
297 Driggs Avenue
The eight-story condominium will offer 14 one- and two-bedroom apartments, which average 640 to 880 square feet. Prices start at $570,000 and go up to $1 million for the top-floor two-bedroom. The exclusive marketing and sales agent is aptsandlofts.com.

Construction Update

Battery Park City
One River Terrace
A partnership that includes the Sheldrake Organization, Plaza Construction Corporation, and RW Consultants was set to begin construction last month on the 300-unit riverfront condominium, according to the New York Sun. The Polshek Partnership, along with Ismael Leyva Architects and the Rockwell Group, is responsible for the design and layout. When completed in the fall of 2007, the building will also house a 400-unit garage. Prices will reportedly start around $1,100 a square foot. Pre-sales are expected to begin in the spring.

Soho
The Urban Glass House
330 Spring Street
Construction is under way at the 12-story, 40-unit condominium designed by Alan Ritchie and the late Philip Johnson. One- to four-bedroom units will range from 1,400 to 4,300 square feet, with prices from $1.6 to $10 million. The Sunshine Group is the exclusive marketing and sales agent. Contact: 212-620-0330, www.theurbanglasshouse.com.

Tribeca
88 Leonard Street
Developer Leviev Boymelgreen and construction manager Tishman Construction Corporation in October topped out the 21-story, 352-unit rental tower. The property will be leased and managed by Rose Associates.

Sales Update

Brighton Beach
Oceana Condominium
125 and 135 Oceana Drive East
More than 80 percent of the two- to four-bedroom condominiums have been sold in Muss Development’s waterfront towers. The residences will be the 13th and 14th buildings completed in the 15-acre development, which features a 16,000-square-foot community facility with outdoor pools and a health club and spa. Sandy & Babcock International is the architect. Contact: 718-332-0002.

Chelsea
Chelsea House
130 West 19th Street
The 14-story, 64-unit condominium has opened for sales, the Post reported. Prices start at $1.4 million for 1,100-square-foot one-bedrooms; $2 million for 1,300-square-foot two-bedrooms; and $2.8 million for 1,700-square-foot three-bedrooms. There are also five townhouses with private gardens, as well as four penthouses. Occupancy is scheduled for October 2006. Contact: www.chelseahousecondo.com.

Dumbo
J Condo
100 Jay Street
Brooklyn’s tallest condo tower saw one-fourth of its 267 units sold in the first week of sales. Studios to three-bedrooms range from 530 to more than 2,000 square feet, with prices from $430,000 to more than $3 million. The Corcoran Group is the exclusive sales agent. Contact: 718-625-5600, www.jcondo.com.

Flatiron
4 West 21st Street
Sales officially began at the 18-story, 56-unit condominium developed by Alexander Brodsky and Dean Amro of The Brodsky Organization. The one- to three-bedroom units will range from 1,073 to 1,674 square feet, with prices from $1.3 million to just shy of $3 million. Architect Hugh Hardy designed the building; Antony Todd is the design consultant. Occupancy is scheduled for June 2006. The Sunshine Group is the exclusive marketing and sales agent. Contact: 212-645-4212, www.4w21.com.

Flatiron
655 Sixth Avenue
With construction of its rooftop residences about to begin, developer Elad Properties has released for sale the five homes at the top of the landmark Hugh O’Neill Building. More than two-thirds of the 49 units on the building’s lower floors have already been sold, according to Cantor Pecorella Inc., the exclusive sales agent for the property. Prices for the remaining units start at $1.7 million. Contact: 212-807-6565, www.theoneillbuilding.com.

Jersey City
The Hudson Club
at Port Imperial
The 344-unit condominium project in West New York sold 50 apartments in its first week on the market last month. The Lennar Corporation is the developer; the Corcoran Group is marketing the project. Contact: 201-319-1212, www.hudsonclubnj.com.

Long Island City
The Gantry
5-15 49th Avenue
More than 900 would-be buyers had signed the pre-sales list as of last month at the 47-unit condo development. The Milestone Group and Devcon Partners are developing the building, which is expected to be completed in June 2006. Architect Randy Gerner designed the project. Contact: 888-440-4821, www.thegantry.com.

Lower Manhattan
120 Greenwich Street
Sales have begun at the 102-unit condominium. The studio, one- and two-bedroom units are scheduled for occupancy in January 2006. Prudential Douglas Elliman is handling marketing and sales. Contact: 212-366-4877, www.greenwichplace.com.

Times Square
1600 Broadway on the Square
Sales are now under way at the 137-unit condo, which should be ready for occupancy in spring 2006. Prices range from $725,000 to $2.8 million. The Marketing Directors is the sales agent. Contact: www.1600broadway.com.

Upper West Side
Fifteen Central Park West
Of the 201 condominiums initially offered, 75 residences sold in seven weeks, according to a release from the development’s sales office. Contact: 212-246-2222, www.15cpw.com.

Williamsburg
McCarren Building
49-61 Engert Avenue
The complex, being built by Tahoe Development, contains two-bedroom units from $649,000; two-bedroom garden duplexes from $725,000; and three-bedroom penthouse units starting at $955,000. Slated for occupancy in December, the building has already sold 19 of its 24 units, the Post reported.

Development in Brief

Manhattan (from north to south)

129th Street and Lenox Avenue
Former New York state housing commissioner Joseph Holland of Uptown Partners is developing the 77-unit condo tower.

120th Street and Fifth Avenue
Uptown Partners is also developing Fifth on the Park, a 155-unit condo tower that recently broke ground.

334-336 East 92nd Street
The Arker Companies is developing a $16 million affordable housing project on the site. The 23 one-bedroom rentals are slated for completion in 2007.

37th Street and Park Avenue
The Sheraton Russell on the site is slated to be demolished for a 21-story condo, but local activists are trying to get the building landmarked, the New York Observer reported. New Jersey-based SJP Properties is the developer.

650 Sixth Avenue (at 20th Street)
The Westport Group will add a penthouse and convert the six-story loft building into condos. The project is expected to be completed by late 2006.

335 Bowery (at 3rd Street)
The New York City Department of Buildings approved plans for a 16-story hotel/condo building, the Post reported.

15 William Street
SDS Investments is planning to build a 48-story residential condominium tower with about 300 units, the New York Sun reported.

Brooklyn

Myrtle and Nostrand Avenues
(Bedford-Stuyvesant)
The six-story mixed-use building will have 72 units, more than 16,500 square feet of commercial space and medical offices, plus a 42-car garage, Crain’s reported.

230 Livingston Street
and 225 Schermerhorn Street (Boerum Hill)
A 235,000-square-foot development with 226 housing units and approximately 18,000 square feet of ground floor retail space is planned for the site.

Five locations (Park Slope/Park Slope South)
Aguayo & Huebener is marketing condos at 267-275 First Street (nine units); 38 7th Avenue (four units); 485-487 18th Street (nine units); and 352 21st Street (10 units). All four are scheduled for completion in 2006. The firm is also working on the Liberty, a nine-unit condo at 207 22nd Street.

285 Driggs Avenue (Williamsburg)
About 20 full-floor one- and two-bedroom lofts are rising at the site, the Post reported.

20 Bayard Street (Williamsburg)
Isaac Hager is developing the 64-unit project, which will have one-, two- and three-bedroom apartments going on sale in spring 2006. Hager is already developing two other projects on the street.

New Developments from Previous Month

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