Chelsea
Verde Chelsea
125 West 22nd Street
Brooklyn-based Basile Builders Group is developing the 13-story, 33-unit condominium. Designed by H. Thomas O’Hara, the building will feature no more than three homes per floor, with layouts offering between 778 and 1,838 square feet. All residents will have access to a 1,045-square-foot garden. Sales for the one- and two-bedrooms were expected to start in early April, with prices ranging from $695,000 to $2.85 million. Occupancy is expected in spring 2007. Corcoran Group Marketing is the building’s exclusive marketing agent. Contact: 212-627-1255, www.verdechelsea.com.
Chelsea
Slate
165 West 18th Street
The 29-unit Andres Escobar-designed building is now under construction. It will have a glass facade and glass balconies. The 12-story condominium is offering 700-square-foot one-bedrooms starting at $700,000, and the 2,200-square-foot three-bedroom penthouse is $3 million, according to the New York Post. Amenities include a garage and a pet spa. Sales were expected to open in mid-March. Contact: 212-627-5283, www.slatecondos.com.
Chelsea
241-245 West 19th Street
Ginsburg Development Corp. bought two small apartment buildings at the site, has already demolished them, and will build a 12-story condominium project, the Post reported. The previous owners, a local partnership, first devised the condo scheme, but decided to sell instead. Ginsburg will now go ahead with the plans, which call for a 38,358-squarefoot structure.
Downtown Brooklyn
167 Johnson Place
Subsurface work began in February at the site, where developers Ron Hershco and Dean Palin will construct a 40-story tower with 304 units and a 35-story building with 208 units, Crain’s reported. Both buildings will have unobstructed 360-degree views, commercial space on the ground level, and 110-car garages underneath. The $200 million project is expected to produce $400 million in sales. Units will range from studios to three-bedroom penthouses. Prices haven’t been set, but high-end condos nearby are fetching $800 to $900 per square foot.
East Village
254 East Second Street
The seven-story rental building has 47 studio, one- and two-bedroom units ranging in size from 410 to 950 square feet. Designed by Architecture & Design Group, the building sits on top of the Eastside Tabernacle Church. Prices range from $1,500 to $4,700 per month. Homes will be available for occupancy by the end of April. Core Group Marketing is the exclusive marketing and rental agent. Contact: 212-726-0709, www.coregroupmarketing.com.
East Williamsburg
158-160 Manhattan Avenue and 199 Humboldt Street
Sales are under way at the four-story, 24-unit luxury condominium. One-bedrooms with private balconies, duplexes with private gardens, and penthouses with private terraces range in size from 950 to 1,300 square feet, with prices starting at $420,000. Moses Gross is the developer, Robert Scarano is the architect, and Andres Escobar designed the interiors. The Developers Group is handling the sales and marketing. Occupancy is scheduled for fall 2006. Contact: www.thedevelopersgroup.com.
Fort Greene
South Oxford Street
A historic Fort Greene mansion was sold in a deal that included two carriage houses and a two-family home on the same property. The developer buying the spread plans to tear down the two-family home and replace it with a 40,000-square-foot luxury condominium tower, according to the Daily News.
Midtown
Southwest corner of Madison Avenue and 53rd Street
Developer Harry Macklowe plans to raze five old brick structures for a new hotel and condominium development. Macklowe will build a tower of several hundred thousand square feet, the Post reported. A hotel will occupy roughly the lower third of the tower and luxury condos will be on the upper floors.
Murray Hill
m127
127 Madison Avenue
The 12-story condominium conversion took the inspiration for its name from the city bus system. Prices start at $1.5 million for one of the 1,700-square-foot floor-through lofts, and at $3.5 million for the 2,500-square-foot duplexes, the Post reported. Creative agency The Apartment is in charge of the interiors, marketing and branding. Stribling & Associates will begin selling the apartments this fall. Contact: www.stribling.com.
Sheepshead Bay
The Riviera at Sheepshead Bay
2434 Knapp Street
SSJ Development plans to build 18 loft-style units on the site, the latest in its series of waterfront projects under the Riviera brand in New York and New Jersey. One- to three-bedrooms will range in size from 1,000 to 1,500 square feet. The developer plans a promenade on the site.
Upper East Side
Barbizon/63
140 East 63rd Street
BPG Properties has converted the Barbizon Hotel into a luxury condominium. Architect Nancy Ruddy of Cetra/Ruddy designed the interiors. One- to three-bedroom units and five penthouses range in size from 680 to more than 5,000 square feet. Occupancy is slated for winter 2007. Prudential Douglas Elliman is the exclusive marketing and sales agent. Contact: www.barbizon63.com.
Construction Update
East Village
188 Ludlow Street
Edison Properties broke ground in February for the 23-story mixed-use building. The 210,000-square-foot, 243-unit project will be constructed with Hunter Roberts Construction Company acting as general contractor. Costas Kondylis & Associates is the architect. The $90 million project was financed with tax exempt bonds under the state’s 80/20 program.
Greenwich Village
Site near 13th Street and Eighth Avenue
A developer wants to build an 11-story, 70,000-square-foot glass building with 32 units on the site of a parking lot. Preservationists and elected officials asked the Landmarks Preservation Commission to reject the application last month, according to the New York Sun.
Long Island City
Avalon Riverview North
Ground was broken last month for part of the first phase of the Queens West development. The project will add 613 rental units at 48th Avenue at Center Boulevard and Gantry Plaza State Park, according to the Empire State Development Corporation.
Lower East Side
Blue
105 Norfolk Street
Construction of the 32-unit condominium has reached the halfway mark, with eight stories of the total 16 completed. The project is expected to top out in early May; occupancy is scheduled for fall 2006. Contact: 212-533-8822, www.bluecondonyc.com.
Williamsburg
144 North 8th Street
Mendel Brach, the developer of the so-called Finger Building, has submitted new plans to the city that would make the controversial building six stories shorter than originally planned, the Daily News reported. The condominium would now be 10 stories — but local critics say it’s still too big for the area. The original plan called for 42 units.
Financing
Williamsburg
Greenbelt
361 Manhattan Avenue
Brooklyn-based developer Dwelling Research Corporation obtained $4 million in project financing from Hudson Valley Bank to build an eight-unit environmentally-friendly “green” condominium. The project will contain 9,600 square feet of residential space and 4,000 square feet of ground-floor commercial space designated for purchase by a local artist. Architect Gregory Merryweather’s design alters an existing one-story warehouse on the site and will add five new stories. Preliminary site work began in January and construction is scheduled to be complete by October. Contact: www.greenbeltbrooklyn.com.
Sales Update
Battery Park City
The Verdesian on the Park
211 North End Avenue
The first tenants moved into the Albanese Organization’s 26-story, 254-unit “green” rental last month. The building was nearly half-leased prior to occupancy. Units range from 500-squarefoot studios starting at $2,350 per month to 1,400-square-foot three-bedrooms starting at $6,500 per month. Contact: 212-227-0222, www.verdesian.com.
Harlem
The Lenox
Lenox Avenue between 129th and 130th streets
Five of the 17 units priced at more than $1 million in Harlem’s first fully market-rate condo development in decades had been sold as of March, even though occupancy is several months away, the Sun reported. The building has 77 units total, with prices ranging from $490 a square foot for three-bedrooms to $668 a foot for the penthouses with terraces. Contact: 212-234-8888, www.thelenoxnyc.com.
Harlem
The Rhapsody
2056 Fifth Avenue
The condominium’s 22 units will go on the market in April, according to the Post. The building was formerly the Gospel Temple Church of America.
Murray Hill
The Aurora
556 Third Avenue
Sales of the 4,000-square-foot penthouses are under way, with prices starting between $3.4 and $3.8 million. All buyers will have views of the city from four balconies and a private rooftop garden. Mitchel Maidman is the developer. Shvo Marketing is the sales agent. Contact: 212-994-4556, www.aurora.shvo.com.
Upper East Side
Cielo
83rd Street and York Avenue
A model residence and sales center were unveiled last month at JD Carlisle’s 28-story condo. The newly furnished two-bedroom, two-and-a-half-bath model was designed by interior designer Alex Chapman. Occupancy is slated for spring 2006. Contact: 212-737-7200, www.cielocondos.com.
Williamsburg
The Point
191 Woodpoint Road
The seven-story development has 12 two-bedroom condominium units and 50 rental units. Sales began in February for the condos, which start at $499,000; some of the units are duplexes starting at $850,000. Prices for the rental units range from $1,950 to $2,350 a month for one-bedrooms and from $2,200 to $2,950 a month for two-bedrooms. The project includes 30 underground parking spots. Sal Gargano and Anthony Dirusso are the developers. The sales and leasing agent is aptsandlofts.com. Contact: www.191woodpoint.com.
Development in Brief
Manhattan (from north to south)
2050 Fifth Avenue
The Mount Moriah Church is looking to strike a deal with a developer, according to the New York Post.
Park Avenue between 121st and 122nd streets
North General Hospital is planning to sell the parking lot to a developer who will build a 15-story residential condominium tower, the New York Sun reported.
602-612 10th Avenue
A Long Island development company will build a luxury condominium on the 10,000-square-foot parking lot. The site can support 54,700 square feet.
Sixth Avenue between 30th and 31st streets
Herald Square Development bought the 33,500-square-foot plot and may build up to 335,000 square feet of space, including 247,000 square feet of residential, Crain’s reported.
27 West 19th Street
Later this year, Skyway Development Group plans to begin construction of a 15-story residential condominium, the Sun reported
Brooklyn
Downtown Brooklyn
Several residential projects are reportedly in the works on Flatbush Avenue. Isaac Hager plans what could be a 400-foot-tall apartment building at Flatbush Avenue and Tillary Street, near the entrance to the Manhattan Bridge; Isaac Katan will construct several buildings, perhaps 28 to 32 stories each, on Myrtle Avenue just east of Flatbush; and BFC Construction Corp. plans a 500-unit building at the corner of Flatbush and Myrtle, according to Crain’s.