Construction update
Downtown Brooklyn
Avalon Willoughby West
Developer AvalonBay communities filed a permit application with the Department of Buildings for a 58-story residential building, the Brooklyn Eagle reported. The 596-foot tower will have 860 rental units, as well as retail space and parking for 345 cars. Demolition of the existing buildings on the site, on Willoughby Street between Bridge and Duffield streets, is expected to begin within a year.
Midtown
Cassa NY
70 West 45th Street
Construction on the combined hotel and condominium is expected to be completed by summer 2010. The Cetra/Ruddy Hospitality Group designed the building and its interiors in collaboration with Enrique Norten’s Ten Arquitectos. The 50-story project currently rising on West 45th Street has a total of 57 residences and 166 hotel rooms.
Williamsburg
90 North 5th Street
A new six-story, 23-unit building on North 5th Street in North Williamsburg opened June 27. The condominiums are convertible one-bedroom lofts, two-bedrooms, duplex garden apartments and triplex penthouses with private rooftop terraces. Units range in size from 630 square feet to 1,200 square feet. Prices range from $425,000 to $995,000.
Sales update
Bedford-Stuyvesant
Gates Cooperative
566 Gates Avenue
Pratt Area Community Council’s 34-unit cooperative opened in early July. The building includes 24 two-bedroom apartments and 10 one-bedroom apartments for low- and moderate-income residents. A percentage of the units are set aside for municipal employees and residents with disabilities. Unit prices range from $87,000 to $167,000.
Harlem
Ellington on the Park
130 Bradhurst Avenue
Seventy-five percent of the units in developer HPD Cornerstone Development’s building are in contract, and 23 additional units have been released for sale. The units for sale are one-, two- and three-bedroom homes that range from 637 to 1,413 square feet. Prices range from $375,000 to $775,000. Warburg Marketing Group is the exclusive sales and marketing agent. Contact: www.Ellingtononthepark.com
Long Island City
The Vere Condominium
26-26 Jackson Avenue
In the past 90 days, over 30 transactions have been negotiated at the 43-unit condominium in Long Island City. Studios in the building are in the $300,000s and one-bedrooms are in the $400,000s. The interiors of the units at the building were designed by Andres Escobar. Nest Seekers International has been assigned as the co-exclusive sales and marketing agent, along with Peter Ashe Real Estate.
Midtown West
Atelier
627 West 42nd Street
The last sponsor unit at the Moinian Group’s Atelier had sold as of late June. Twelve units in the building sold in one month. The 46-story building was designed by Costas Kondylis Architects and has 478 units. According to Streeteasy.com, there are 62 units in the building for resale, and 48 up for rent. The Marketing Directors is the building’s exclusive sales and marketing agent.
Midtown West
The 505
505 West 47th Street
Parkview Developers’ condominium is 93 percent sold, and the developer is expected to close on the first unit by the end of July. All engineering and building inspections for the first phase of the building’s construction are complete. The seven-story, 108-residence condominium has a landscaped courtyard, finished roof terrace and fitness center. Halstead Property Development Marketing and Nest Seekers International are the co-exclusive marketing and sales agents. Contact: www.the505hk.com.
Park Slope
Argyle Park Slope
Closings have commenced at the Argyle Park Slope, which is 70 percent sold. One-, two- and three-bedroom residences are available for immediate move-in and are priced from $459,000 to $1 million. The Argyle has also put its Garden Collection, a group of homes with outdoor space, on the market. Building amenities include a fitness center, storage units and indoor parking. The Corcoran Group is the exclusive sales and marketing agent. Contact: www.argyleparkslope.com.
Compiled by Victoria DeCarmine