New Residential Developments

Astoria
The Crescent Club
41-17 Crescent Street
A 17-story, 150-unit luxury condominium designed by Karl Fischer and Lisa Chow of Karl Fischer Architect is planned for the site, just north of Queens Plaza. The building will have ground-floor retail space, a two-story lobby and a landscaped outdoor garden designed by Thomas Balsley. A roof terrace will offer unobstructed views of the Manhattan skyline. Meridian Capital Group arranged a $51 million construction loan for the project.

Bensonhurst
Quentin Terrace
1671 West 10th Street
Sales are under way at the 32-unit condominium developed by Ben Bobker. Available units range from a 920-square-foot two-bedroom asking $449,880 to a 1,208-square-foot three-bedroom asking $615,480. The Corcoran Group is handling sales. Contact: www.quentinterracecondos.com.

Bergen Beach
Mill Harbor Waterview Residences
1980 Bergen Avenue
Parkmore Development has launched sales for the 208 condominium units in the nine-building gated community, located near Mill Basin in southeast Brooklyn. One- to three-bedroom units range in size from 763 to 1,917 square feet, with prices running from approximately $400,000 to more than $700,000. Amenities — including a library, billiards room and fitness center — will be housed in a 4,000-square-foot clubhouse. Nearby will be a 1,500-square-foot heated outdoor pool. Korr Realty is the exclusive sales and marketing agent. Contact: www.millharbor.com.

Brooklyn Heights
166 Montague Street
The 10-story, 50,000-square-foot former Franklin Trust building is being converted from an office property into residential condominiums. The landmark building, built in 1891, will be gut renovated; a rooftop terrace, sky-lit health club, new balconies and another story will be added. Residents will have panoramic views of Manhattan, New York Harbor and Brooklyn. Developer United Management, architectural firm RKT & B and general contractor NCC are working on the $10 million project.

Chelsea
245 10th Avenue
The 11-story, 19-unit building is architecture firm Della Valle Bernheimer’s first ground-up residential condominium in Manhattan. Initial prices run from $1.75 to $6.2 million for the one- and two-bedroom units and two penthouses. Completion is slated for early 2008. The Corcoran Group is the exclusive sales and marketing agent. Contact: www.245tenthave.com.

Greenwich Village
48 Bond Street
Sales are under way at Gold Development’s 11-story ground-up condominium. Deborah Berke of Deborah Berke & Partners Architects and David Gross of GF55 Partners designed the building, which will have 14 two-bedroom units and three penthouses ranging in size from 1,550 to 3,661 square feet. Prices start at $2 million. Building amenities include a gym and a 60-foot salt-filtered lap pool. Completion is slated for fall 2007. Stribling Marketing Associates is the marketing and sales agent. Contact: www.48bond.com.

Kensington
Park Circle at Prospect Park
346 Coney Island Avenue
Sales are under way at Leviev Boymelgreen’s 59-unit condominium located just south of Prospect Park in Brooklyn. Architect Elena Kalman designed the project, where many units have balconies. Available units range from a 901-square-foot one-bedroom asking $495,000 to a 1,916-square-foot three-bedroom asking $995,000. The Corcoran Group is handling marketing and sales. Contact: www.theparkcircle.com.

Lower East Side
60 Orchard Street
Developer Marshall Sohne plans to begin construction early this year on a nine-story mixed-use building at the site. The building will have ground-floor retail and eight loft apartments. The units are expected to be sold for $1.32 million, or $1,100 a square foot, according to the New York Sun.

Midtown East
211 East 51st Street
The 13-story white brick building will be replaced by a 21-story, 72-unit luxury condominium with a glass-curtain wall. Meltzer/Mandl Architects designed the project to address the location’s split zoning, in which 50 feet of frontage is in a residential zone and 40 feet is in a commercial zone. Setbacks will create 36 private balconies in the residential portion; a medical center is planned for the commercial zone. Allied Properties is the developer. Prudential Douglas Elliman is the sales and marketing agent.

Mill Basin
Riviera Estates at Mill Basin
Stephen Jemal, a founder of The Wiz electronics chain, plans to build 10 single-family homes in Mill Basin in southeast Brooklyn. The homes will range in size from 2,800 to 3,600 square feet, with prices starting at around $1.9 million, the New York Post reported. Construction was expected to begin in December. Contact: www.ssjdevelopment.com.

Tribeca
146 Chambers Street
The seven-story condominium will offer five loft units designed to preserve the character of the original 1915 building. Four full-floor two- and three-bedroom units and the duplex penthouse will range in size from 1,571 to 1,926 square feet, with prices running from $2.195 to $3.99 million. G Development is the developer; Michael Zenreich is the architect. The Maitland Group from Corcoran is the exclusive sales and marketing agent. Contact: www.146chambers.com.

Construction Update

Clinton Hill
4 Downing Street
Broken Angel, the building that served as the backdrop for “Dave Chappelle’s Block Party,” will likely be converted into condominiums (see Broken Angel goes condo in changing Clinton Hill). The structure was found in violation of various codes in October, and its owners, who have added fanciful architectural details to it for the past few decades, were evicted. Owner Arthur Wood and his wife Cynthia announced in January that they would dismantle the building’s 40-foot rooftop addition and that they have entered into a preliminary agreement with developer Shahn Andersen, who is expected to carve out condo units inside the edifice. The building would include community space, along with living and studio space for the Woods.

Long Island City
Jackson Avenue and 49th Street
The triangular Hackett Building, which was Queens’s Borough Hall from 1898 to 1916, was set to be demolished in January to make room for an eight-story luxury condominium, the New York Daily News reported. A demolition permit was issued after the Landmarks Preservation Commission declined to landmark the building. Perry Fine, a principal of Triangle Services in Manhattan, owns the building.

Lower Manhattan
75 Wall Street
The Hakimian Organization has begun the process of converting the 36-story office tower into a residential condominium. Plans call for 300 residential units on the upper floors and a 300-room hotel on the lower floors.

Soho
Trump Soho Hotel Condominium
246 Spring Street
Construction resumed in late December on the project, after the Department of Buildings issued a partial lift to a stop-work order put in place following the discovery of human remains at the site. The Trump Organization, Bayrock Group and Sapir Organization anticipate erecting the 45-story building within two years.

Upper East Side
980 Madison Avenue
Following a meeting last month in which the Landmarks Preservation Commission rejected developer Aby Rosen’s plans for a 22-story, Norman Foster-designed tower at the site, Rosen said he will work with Foster to completely revamp the proposed building. The developer may propose a shorter addition to 980 Madison on a wider footprint, according to the Sun.

Financing

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Park Slope
410 4th Avenue
Wheaton Associates will develop a 59-unit mid-rise condominium on the site. Units will have nine-foot ceilings; those on the top eight floors will have views of the Manhattan skyline and the Statue of Liberty. The building will include an indoor garage with 30 parking spaces. CBRE Melody arranged $10 million in financing for the project.

Washington Heights
703 West 171st Street
A nine-story, 11-unit residential condominium will rise on the site. The 14,500-square-foot building will also include a medical office. Meridian Capital Group arranged $5.5 million in financing for the project on behalf of 171st Fort Washington LLC.

West Village
523 Greenwich Street
An 18-story, 22-unit luxury condominium will be developed on the site. Carlton Advisory Services arranged $17 million in bridge and acquisition financing for the project.

Sales Update

Chelsea
100 West 18th Street
The sales office was scheduled to open in January for the 10-story, 41-unit condominium designed by architect Garrett Gourlay. The black brick-clad building will have an unusual multi-angled shape with multiple setbacks, and it will include retail space at the base. One- to four-bedroom units and two penthouses will range in size from 800 to 3,000 square feet. Amenities include an art gallery-styled lobby and a landscaped roof deck with outdoor shower and gas grill. The Brauser Group is the developer. Occupancy is expected in January 2008. Contact: www.100west18.com.

Chelsea
The Caledonia
450 West 17th Street
The Related Companies’ new 26-story, 190-unit condominium was 75 percent sold as of mid-January, according to the Post. Sales began in August. Units start at 531 square feet and $720,000. Contact: www.thecaledonia.com.

East Village
A Building
425 East 13th Street
Sales are under way at the eight-story, 84-unit condominium designed by Cetra/Ruddy Architects. Studio to three-bedroom units will range in size from 426 to 1,859 square feet. Amenities include a 5,000-square-foot outdoor rooftop lounge with a 50-foot lap pool, three cabanas, a wet bar and an electric grill. Units are priced from $490,000, and 35 had sold by January, before sales officially opened. Occupancy is scheduled for summer 2007. Cantor Pecorella is the exclusive sales and marketing agent. Contact: www.abuildingnyc.com.

Harlem
10 Mount Morris Park West
Sales are under way at the condominium conversion of the old Parkside Correctional Facility. The building has one- to three-bedroom lofts, duplexes and triplexes; available units include a 2,056-square-foot three-bedroom priced at $1.445 million. Occupancy is slated for February 2007. The Corcoran Group is handling sales and marketing. Contact: www.10mmp.com.

Murray Hill
Morgan Lofts
11 East 36th Street
By mid-January, 75 percent of the units in the 68-unit condominium conversion’s first phase had been sold, as had 50 percent of the units in the second phase. Prices start at $765,000. JC DeNiro & Associates took over exclusive sales and marketing for the project from the Corcoran Group in mid-October. Contact: www.morgan-lofts.com.

Upper East Side
Miraval Living
515 East 72nd Street
Sales are under way at the 365-unit condominium conversion of the 41-story River Terrace rental tower. Studios to three-bedrooms range in size from 529 to 2,219 square feet, with prices starting at $602,000. The building will have 40,000 square feet of amenity space, offering residents access to lectures and classes in facilities run by spa resort Miraval. Bonetti Kozerski redesigned the façde of the building, which also includes a 220-car garage. Occupancy is scheduled for summer 2007. The Marketing Directors Inc. is the building’s marketing and exclusive sales agent. Contact: www.miravalliving.com.

Williamsburg
Northside Piers
4 North 5th Street
The on-site sales office opened in January for Toll Brothers’ 29-story, 180-unit condominium. Prices for the studio to three-bedroom units run from $375,990 to more than $2 million. Four townhouses are also included in the project. Halstead Property is the exclusive marketing and sales agent. Contact: www.northsidepiers.com.

Development in Brief

Manhattan (north to south)

176-182 West 82nd Street
The four contiguous apartment buildings were sold to a Manhattan investor, who plans to convert them into condominiums.

400 Fifth Avenue
Italian developer BIDI Real Estate plans to begin construction early this summer on a 500,000-square-foot mixed-use tower with ground-floor retail, luxury residential condominiums and hotel services on the upper floors, the New York Sun reported. Before it was sold to BIDI last summer, the vacant site had been slated for an entirely residential development by a joint venture of Lehman Brothers and Yitzchak Tessler.

200 Fifth Avenue and 1107 Broadway
Joseph Chetrit decided to back off plans to convert the International Toy Center into a residential condominium, the New York Post reported. He has asked brokers to find commercial tenants for the connected buildings, which total 1 million square feet.

30 West 18th Street
The Hakimian Organization is developing approximately 100 residential units on the lot, which has frontage on both 18th and 17th streets. The building will also have more than 13,000 square feet of commercial space.

250 Bowery
PMA Associates is building an eight-story hotel-condo development on the commercially zoned site, the Sun reported. The project will have a total of 63 rooms and is expected to open in 2008.

New Developments from Previous Month

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