Carroll Gardens
Court Street Lofts
505 Court Street
Developer Urban Residential has launched sales for the project’s top-floor homes. The building’s three-bedroom, single-floor homes are 1,400 square feet and priced at $885,000. Four duplexes, ranging from 1,100 to 1,350 square feet in size, are priced from $715,000. Amenities include an outdoor landscaped park and a full-time lobby attendant. Corcoran Group Marketing is the exclusive sales and marketing agent for the project. Contact: www.courtstreetlofts.com.
Chelsea
Metal Shutter Houses
524 West 19th Street
The 11-story, nine-unit development is starchitect Shigeru Ban’s first condominium project in the U.S. The building, developed by HEEA Development LLC, consists of three- and four-bedroom duplexes ranging in size from 1,950 to 3,200 square feet. Three units, priced from $3.85 million to $5.2 million, were remaining as of mid-December. Completion is expected by fall 2008. Corcoran Sunshine Marketing Group is the exclusive sales and marketing agent. Contact: www.metalshutterhouses.com.
Chelsea
Yves
Corner of 18th Street and Seventh Avenue
Sales are underway at the 14-story, 41-unit luxury condominium. Magnum Real Estate Group is developing the building, which was designed by Ismael Leyva Architects. The one- to four-bedroom apartments range in size from 701 to 3,500 square feet, and prices start at $950,000. Amenities include a fitness center, spa, indoor pool and landscaped roof deck. Occupancy is slated for spring 2008. Cantor Pecorella is the exclusive sales and marketing firm. Contact: www.yveschelsea.com.
Ditmas Park
Alvora
34 Crooke Avenue
Ore International is developing the six-story, 22-unit luxury condominium. Prices for the one- and two-bedroom homes begin under $500,000. Amenities include a lounge, roof deck, fitness center and parking. The Corcoran Group is the exclusive sales agent for the project. Contact:www.alvoracondos.com.
East Williamsburg
4M
4 Monitor Street
Developers David Bander and Cheskie Weisz have hired architect Peter Gee to design an eight-unit condominium. Four apartments sold in the first six weeks for over $615 per square foot. The building’s remaining homes are one-bedrooms ranging in size from 680 to 970 square feet, and priced from $455,000 to $589,000. Ground-floor apartments have private patios, and fourth-floor apartments have private rooftop terraces. The project’s interiors were designed by Funda Duruk. Aptsandlofts.com is handling sales. Contact: www.4monitorcondos.com.
Fort Greene
29 Flatbush Avenue
The Dermot Company and Grosvenor Investment Management U.S. have teamed up to purchase a 16,575-square-foot parking lot, with plans for construction of a high-rise rental tower to begin in 2009, the Post reported. Dermot is developing the conversion of the nearby Williamsburg Savings Bank into luxury condominiums.
Greenpoint
Northpoint Towers
76 and 84 Engert Avenue
The sales office has opened for Tahoe Development’s 32-unit condominium at 76 and 84 Engert Avenue. The project contains one- and two-bedroom homes ranging in size from 770 to 1,248 square feet. Apartments are priced from $529,000 to $1.15 million. On-site parking spaces are available for purchase. Amenities include storage, central heat and cooling and a key-operated private elevator entrance to each unit. Occupancy is expected to begin in early 2008. The Developers Group is the exclusive sales and marketing agent. Contact:www.thedevelopersgroup.com.
Harlem
The Bridges NYC
2279 and 2283 Third Avenue
Developer North Manhattan Construction Corporation is building two seven-story buildings with a total of 31 units. The sales office is open for the mixed-use project, which will include one-, two- and three-bedroom homes, selling for $495,000, $695,000 and $895,000 respectively. Each building will have basement storage, a common terrace and private terraces and roof deck areas. Halstead Property Development Marketing is the exclusive sales brokerage for the project. Contact: www.thebridgesnyc.com.
Murray Hill
Jasper
114 East 32nd Street
Sales have begun at PHH Realty’s 18-story, 80-unit condominium conversion of a 1927 office building. The 120,850-square-foot building will contain studio, one, two- and three-bedroom units ranging in size from 591 to 2,079 square feet. The apartments are priced from $795,000 to $3.9 million. The building will contain a swimming pool with fireside lounge, fitness center and playroom. Ismael Leyva Architects designed the conversion, which is expected to be ready for occupancy in fall 2008. Core Group Marketing is the exclusive sales and marketing brokerage. Contact:www.jaspernewyork.com.
Upper West Side
Corner of West 72nd Street and Broadway
The 19-story mixed-use tower will contain rental apartments owned by Philips International, Gotham International and Rhodes NY. The first five floors will contain 48,000 square feet of retail. Handel Architects designed the $200 million tower. Completion is scheduled for 2009.
Williamsburg
471 Keap Street
TreeTop Development is converting the four-story warehouse into condominiums. The project’s one- and two-bedroom homes will range from 650 to 950 square feet in size; three duplex units will have private roof decks and views of Manhattan. Prices start in the mid $400,000s. Sales are expected to begin in January 2008. Contact:www.treetopdev.com.
Construction update
Long Island City
Queens West Site 5
Rockrose Development Corporation’s 18-story, 184-unit condominium tower topped out in November. The project will include ground-floor retail, a fitness club and 24,000 square feet of private outdoor space. Handel Architects designed the building.
Soho
Trump Soho Hotel Condominium
Developers Bayrock Group LLC and The Sapir Organization announced the building’s topping out at 46 floors in December. The 400-unit hotel condominium, designed by Handel Architects, will have suites ranging in size from 422 to 905 square feet. The glass tower will have a restaurant, 24-hour room service, library, wine cellar, business center, rooftop bar, fitness center, spa and garden. The building offers views of the Hudson River and the Statue of Liberty. Prodigy International Development Sales and Core Group Marketing are the co-exclusive sales and marketing agents for the project. Contact: www.trumpsoho.com.
Tribeca
Sky Lofts
145 Hudson Street
Construction of the penthouse unit at the converted loft condominium project has been completed, in place of two penthouse units the Landmarks Preservation Commission forced developer Stanley Scott to tear down. The 7,493-square-foot penthouse, designed by Rogers Marvel Architects, will go on the market in February, the Sun reported. Sales will begin for an additional 12 apartments in spring 2008. Stribling is the exclusive sales and marketing agent. Contact: www.145hudson.com.
Williamsburg
144 North 8th Street
The Board of Standards and Appeals has issued a final determination that construction on the project will continue to 10 stories, Curbed reported. The original 16-story plans, developed by Mendel Brach and designed by Robert Scarano, were in violation of local zoning regulations.
Financing
Upper West Side
164-168 West 75th Street
Cushman & Wakefield Sonnenblick Goldman has arranged $44.4 million in financing for the acquisition and redevelopment of the residential building, which originally housed the Parc Lincoln Hotel. Merrill Lynch provided $35.9 million of the financing. The new owner of the 214-unit building plans to convert it into 175 studio and one-bedroom rental homes.
Sales update
Chelsea
Indigo Condominium
125 West 21st Street
Alchemy Properties’ 13-story, 52-unit luxury condominium was 65 percent sold as of early November. FXFowle Architects designed the project, which features a zinc façade with an indigo-colored strip. The building contains studio, one, two- and three-bedroom homes ranging in size from 605 to 1,758 square feet. It will have common terraces on the second floor and roof. Completion is slated for January 2008. Contact: www.indigo-21.com.
Lower Manhattan
45 John Street
The conversion of a 12-story, 1907 office building was around 50 percent sold as of early December, according to the Sun. Manhattan Capital LLC and RREEF Opportunities Funds Group are developing the 84-unit, loft condominium project. Daniel Goldner Architects designed the building, which will have one- and two-bedroom lofts ranging from 590 to 1,360 square feet in size. The homes are priced between $600,000 and $1.5 million. Amenities include a fitness center, roof deck and concierge. Corcoran Group Marketing is handling sales. Contact: www.45john.com.
Lower Manhattan
W New York-Downtown Hotel & Residences
123 Washington Street
The Moinian Group sold 72 units in the 58-story, 159-unit building on its opening day of sales. Prices began at $2,000 per square foot. Resident-only amenities include a digital lounge, screening room, café, gym, spa and rooftop terrace. Gwathmey Siegel Architects designed the glass curtain-walled building, and GRAFT is the interior designer. Completion is slated for 2009. Shvo is the exclusive sales and marketing agent for the project. Contact: www.wnyresidences.com.
Development in brief
Manhattan
415 Eighth Avenue
Savanna Real Estate Fund purchased the development site with plans for a 100,000-square-foot residential and retail project.
99 John Street
Rockrose is converting the 442 rental units into condominiums, the Sun reported. The building’s amenities include a concierge, fitness center, roof deck and garage with valet.
Brooklyn
150 Fourth Avenue
Architect Ismael Leyva is designing the 11-story, 94-unit building, according to Brownstoner.