New Residential Developments

Chelsea
165 West 18th Street
The Angel Group is building a 12-story condominium tower. It is the first Manhattan project for the Brooklyn-based developer.

Flatiron District
4 West 21st Street
A 17-story, 62-loft apartment building designed by architects Hugh Hardy and Ariel Fausto is planned for a parking lot off Fifth Avenue. The 93,000-square-foot structure, scheduled for completion in early 2006, will include 105 parking spaces.

Flushing
129-43 Northern Boulevard

Boymelgreen Developers is planning an 18-story, mixed-use project on the site of the former RKO Keith’s Theater in Flushing. The project will restore the theater and top it with 200 condominium apartments. Prices are expected to be in the $500 per square foot range. The project reportedly got a warm reception at a land use hearing at Queens Borough Hall last month, the Daily News reported.

Garment District
1 East 29th Street

The Church of Transfiguration recently sold its air development rights to The Clarett Group. The developer is planning a 50-story condominium tower with three apartments per floor, designed by Fox & Fowle Architects.

Greenwich Village
70 Bethune Street
The Related Companies has filed plans with the city’s Department of Buildings to construct the tallest tower on “the Gold Coast” stretch of West Village waterfront. A 20-story, 104-unit building is planned on the site of the Superior Ink factory, which would be demolished. The project would include retail and underground parking.

Hudson Square
255 Hudson Street

Metropolitan Housing Partners is building an 11-story, 64-unit building, one block away from their sold-out 505 Greenwich St. project. Construction began in January and the glass-façde building is being designed by Handel Architects. The exclusive sales agent for the property is Corcoran.

Midtown
Centria
16 West 48th Street

JD Carlisle Development Corp. will create the first luxury residential condominium in Rockefeller Center, the Post reported. The 34-story, 150-unit curtain wall building will be designed by Perkins Eastman Architects with interiors by Philip Koether. The Marketing Directors is the sales agent for the project.

Midtown
Place 57
207 East 57th Street

Construction has begun on the 36-floor, 68-unit glass building designed by Ismael Levya Architects. The project will feature a lobby and garden designed by Vicente Wolf. The Clarett Group is the developer. Occupancy is slated for early 2006.

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Midtown
421 West 54th Street

The Hit Factory, the famous recording studio, sold for $17.5 million and may be coming back as a luxury residential condominium. The new owners of the property include Manhattan-based Valhal Corp.

Tribeca
31-33 Vestry Street

Developer Charles Dunne plans to build a nine-story residential building designed by architect Winka Dubbeldam. The original design called for a modern, glass and stone building with a “glowing” stone laminate façde. The Landmarks Preservation Commission sent the developer back to the drawing board after reviewing the plans in February, the Downtown Express reported.

Construction Update

Williamsburg
351 South 3rd Street

The foundation has been laid for the four-story multifamily building designed by Scarano Architects, which is working on more than 100 projects in the area, according to a recent story in the Times. The elevator building has nine loft-style units, including three duplexes, two triplexes, and two units with double-height ceilings and interior mezzanines. The designer and project manager is Lilia Sodre. The developer is Park Avenue Management.

Sales Update

Midtown
The Plaza Hotel

Developer Elad Properties announced that Cantor & Pecorella will serve as special marketing consultant for the hotel’s planned 200 condominiums. Stribling Marketing Associates is the exclusive sales and marketing agent for the condos. An on-site sales office is expected to open in mid- June. Contact: Rosita Sarnoff, 212-585-4542.

Midtown West
The Helena
601 West 57th Street

The 38-story, 600-unit rental tower started leasing units in February with tenants first scheduled to move in last month. Developed by the Durst Organization, the environmentally sensitive “green” building offers studios and one and two-bedroom homes at prices ranging from $1,800 to $5,000 per month. Amenities include a 24-hour doorman and daytime concierge, shuttle service to the Columbus Circle subway station, fitness center and health club. Contact: Debra Derella-Dheren, 212-262-6500, or visit thehelena.com.

New Developments from Previous Months