Forest Hills
Novo 64
64-05 Yellowstone Boulevard
The Horizon Group is developing the 93-unit condominium located just west of Flushing Meadows Corona Park in Queens. Units range in size from 640-square-foot studios to 2,300-square-foot townhomes. Andres Escobar designed the interiors. Prices for available one-bedrooms range from $455,000 for 719 square feet to $750,000 for 1,629 square feet. Completion is slated for spring 2008. Triumph Property Group is the exclusive marketing and sales agent. Contact: www.novo64.com.
Harlem
At the Noble
237 West 111th Street
Vargas Realty’s eight-story, 16-unit condominium will be half market rate and half affordable. Most of the units will be two-bedrooms, and plans also include two three-bedroom penthouses. The penthouses will have terraces and unobstructed views of Central Park. The market-rate apartments are expected to sell at around $750 per square foot. The Corcoran Group is the exclusive sales and marketing agent.
Long Island City
Hunters View
11-15/19 49th Avenue
Simone Development’s 12-story, 73-unit project will offer one- and two-bedroom homes ranging in size from 640 to 1,240 square feet. Prices run from $400,000 to $870,000. Amenities include private rooftop space. Completion and occupancy are scheduled for June 2008. Brown Harris Stevens Project Marketing is the exclusive sales and marketing agent.
Lower Manhattan
45 John Street
Sales are under way for the 14-story, 84-unit luxury condominium conversion developed by Manhattan Capital LLC with RREEF Opportunity Fund Group. The building’s one- and two-bedroom lofts will range in size from 590 to 1,360 square feet, with prices running from $660,000 to more than $1.9 million. The conversion is scheduled to be completed in 2008. Contact: www.45john.com.
Lower Manhattan
95 Wall Street
After announcing conversion plans for the office tower and subsequently canceling them, the Moinian Group confirmed that the 500,000-square-foot building will become a 507-unit luxury rental. Amenities will include a fitness center, lounge and outdoor deck. Occupancy is expected in 2008. Moinian acquired the building in 2004 for $130 million.
Midtown
11 West 53rd Street
The development team of Hines Interests and Whitehall Street has commissioned Jean Nouvel to design the 60-plus-story mixed-use tower. Plans include luxury condominiums. The 17,000-square-foot site, which was purchased for more than $750 per buildable square foot from the Museum of Modern Art, will also contain office space and a 75,000-square-foot extension of the museum, according to the Slatin Report.
Midtown
The Centurion
33 West 56th Street
The first ground-up residential project designed by I.M. Pei and his son L.C. Pei will have 48 units priced from $1.9 to more than $10 million. The 19-story building, developed by Stillman Development International and Antonio Development, will offer one- to four-bedroom units ranging in size from 750 to 3,400 square feet. SLCE Architects designed the interiors. Contact: www.centurioncondominium.com.
Midtown East
10 United Nations Plaza
Zeckendorf Development LLC purchased the site at 823 First Avenue from Macklowe Properties for $160 million with plans to build a luxury condominium. Zeckendorf will demolish a two-story building and build a 242,000-square-foot condominium with a 20,000-square-foot footprint.
Ozone Park
86-43 90th Street
The three-story building — located just west of Woodhaven Boulevard in southern Queens — will be one of the first condominiums in a neighborhood of predominately single-family homes and rentals. The nine one-bedroom units range from 700 to 800 square feet in size, with prices running from $300,000 to $380,000. Occupancy is expected to begin later this summer. The Square One Group is the exclusive marketing agent. Contact: 212-796-5010.
Soho
Mulberry Views Condominium
180 Hester Street
The seven-story, four-unit condominium consisting of floor-through apartments and duplexes will be available for occupancy late this summer. A keyed elevator opens directly into each apartment, and all residents will have access to the roof deck. Prices start at $800,000. Warburg Marketing Group is the exclusive marketing and sales agent. Contact: www.warburgrealty.com.
Construction Update
Downtown Brooklyn
Center at Albee Square
Acadia Realty Trust and MacFarlane Partners’ revised plans for the project include a scaling down from 1,000 to 650 rental apartments, 20 percent of which will be affordable housing, the New York Observer reported. The development will also include 125,000 square feet of offices and a 475,000-square-foot mall.
Dumbo
Dock Street and Water Street
Two Trees Management will apply for rezoning approval to build a mixed-use complex that includes rental apartments, retail space and a public school. The $200 million development would include 400 apartments, including 80 affordable rentals. Plans also call for 10,000 square feet of retail and a 40,000-square-foot school. The proposed project, designed by Beyer Blinder Belle, would be a LEED-certified green building and constructed to minimize obstruction of Manhattan and East River views from the neighborhood.
Hunts Point
1140 Tiffany Street
Atlantic Development Group recently purchased the 18,750-square-foot South Bronx parcel for $2.5 million. The company plans a residential building on the site, which allows for 65,000 to 75,000 square feet of ground-up construction.
Long Island City
One Hunters Point
5-43 Borden Avenue
Construction is under way for Simone Development’s 12-story, 131-unit luxury condominium. The project will contain one-, two- and three-bedroom residences, most of which will have private outdoor space. Prices range from $371,000 to $1.1 million. Newman Design Group is the architect. Brown Harris Stevens Project Marketing is the exclusive sales and marketing agent. Completion and occupancy are expected in June 2008.
Lower Manhattan
50 West Street
Time Equities’ plans to develop a 63-story hotel-condominium tower have been approved by Community Board 1, CityRealty.com reported. The project will have 259 residences and 155 hotel rooms. The ground floor will have an art gallery, restaurants and retail. Gruzen Samton LLC and Helmut Jahn of Murphy/Jahn Architects of Chicago designed the project.
Financing
Astoria
The Piano Factory
31-01 Vernon Boulevard
Meridian Capital Group has arranged $34.85 million in construction financing for developer TTW Realty’s mixed-use condominium conversion of the Sohmer & Co. Piano Factory Building. The six-story, 100,000-square-foot warehouse will be converted into 69 condominium units and 9,200 square feet of ground-floor retail space. The landmark warehouse, built in 1886, was most recently home to the Adirondack Chair Factory.
Riverdale
Riverdale Avenue
Hudson Realty Capital has arranged $6.75 million in acquisition and pre-development financing for two seven-story condominium towers. The 53-unit project will offer one-, two- and three-bedroom units, and it will include 36 parking spaces. The developer, Q-Real Estate Partners, purchased the adjacent parcels, which total 19,380 total square feet, with the foundation already in place.
Sales Update
Dumbo
99 Gold Street
The 88-unit condominium conversion has begun leasing units. Studio, one- and two-bedroom units, which range in size from 600 to 1,300 square feet, will rent for between $2,000 and $6,000 a month. Amenities include a basketball court, private gym and rooftop terrace. The new development marketing division of aptsandlofts.com is the leasing agent. Contact: www.99goldstreet.com.
Gramercy
Gramercy YOO by Starck
340 East 23rd Street
The 21-story, 207-unit condominium was more than 65 percent sold as of mid-July, within two months of sales. The project was designed by Yoo by Starck, Philippe Starck’s residential design collaborative. Victor Homes Development is the developer; GKV Architects is the architect. Shvo Marketing is the exclusive marketing and sales agent. Contact: www.gramercystarck.com.
Harlem
111 Central Park North
The Athena Group’s 19-story, 48-unit luxury condominium was more than 70 percent sold as of mid-June, according to the New York Sun. The remaining two- and three-bedroom homes are priced between $1.5 and $8.5 million. The project is scheduled to be completed in September 2007. Halstead Property is the sales and marketing agent. Contact: www.111centralparknorth.com.
Riverdale
Solaria
640 West 237th Street
The 20-story, 65-unit condominium recently opened a furnished model two-bedroom residence. The project contains one- to five-bedroom units starting at $660,000 that are expected to be ready for occupancy this summer. The Marketing Directors Inc. is the exclusive sales and marketing agent. Contact: www.solariariverdale.com.
Times Square
The Platinum
247 West 46th Street
SJP Residential’s 43-story, 220-unit luxury condominium was more than 50 percent sold by the end of June, within three months of sales. Available units range in size from 600-square-foot studios to 3,500-square-foot duplex penthouses. Residences are priced from the $800,000s to $7.5 million. The Marketing Directors Inc. is the exclusive sales and marketing agent. Contact: www.platinumnyc.com.
Upper East Side
The Lucida
151 East 85th Street
By late June, Extell Development’s 18-story, 110-unit condominium was 69 percent sold, the New York Post reported. Since the sales office opened, the LEED-certified project’s two- to five-bedroom homes have undergone four price amendments. The units, which range in size from 1,440 to 3,500 square feet, are currently selling for an average $1,953 per square foot. Completion is slated for early 2009. The Corcoran Sunshine Marketing Group is the exclusive sales and marketing agent. Contact: www.thelucida.com.
Upper West Side
10 West End Avenue
The 33-story, 173-unit condominium developed by Apollo Real Estate Advisors and Cambridge Development and Construction was more than 80 percent sold as of mid-June. The building’s one- to four-bedroom homes range in size from 750 to 2,600 square feet. The Sunshine Group is the exclusive sales and marketing agent. Contact: www.10wea.com.
Upper West Side
15 Central Park West
As of late June, the 201-unit condominium was sold out, according Barron’s. Sales in the Robert A.M. Stern-designed building totaled $1.8 billion. It is estimated that residents could resell their homes for 30 percent more than what they paid.
Upper West Side
The Element
555 West 59th Street
The 35-story, 198-unit condominium was 75 percent sold by mid-June. The project was developed by Brack Capital Real Estate, Coalco International and Continental Ventures Realty, and it was designed by SLCE Architects. The building’s one- to four-bedroom homes are priced from around $850,000 to $6.5 million. Occupancy is slated for fall 2007. Corcoran Group Marketing is the exclusive sales and marketing agent. Contact: www.elementcondominium.com.
Development in Brief
Manhattan (north to south)
22 Renwick Street
Philip Johnson/Alan Ritchie Architects proposed a design for the 12-story condominium, Curbed.com reported.
Brooklyn (north to south)
37-45 Bridge Street
The seven-story commercial property in Dumbo was recently sold for $13.5 million. Plans have been approved for a residential conversion.
192 Water Street
The four-story warehouse in Dumbo recently sold for $5.7 million, with approval from the Board of Standards and Appeals to be converted to a residential building.
111 3rd Street
The Hudson Companies purchased the development site in Carroll Gardens for $7.8 million with the intention of building a collection of townhouses. The site can support 46,700 square feet of development.