Bedford-Stuyvesant
The Lofts on Dekalb
794-802 Dekalb Avenue
Four buildings each contain around eight duplexes with open loft-style living spaces. The 33 units range from 742 to 1,838 square feet. All apartments have outdoor space with either a roof terrace, backyard or balcony. Contact: Liz Emmanuel, Corcoran, 718-210-2109.
Brooklyn Heights
322 Hicks Street
Three of the six units in the five-story, 10,000-square-foot condo building have already gone into contract. The developer is Second Development Services. Architectural firm Larsen Shein Ginsberg Snyder collaborated with the Landmarks Preservation Commission to develop the modern building in the historic context of the neighborhood. Prices range from $1.1 million for the ground-floor apartments to $1.7 million for the penthouse, the New York Times reported.
Dumbo
J Condo
100 Jay Street
Cara Development has broken ground on the 33-story condo project, which will be the tallest building in Dumbo. There will be 267 one- to three-bedroom apartments and just over 407,000 square feet of space total, along with ground-floor retail. Gruzen Samton is the architect.
Dumbo
70 Washington Street
Former manufacturing plant converted to 257 condos sold one-third of its units in the first week of sales last month. The studio, one- and two-bedroom apartments average 1,324 square feet and start at $485,000. The 1912 building developed by Two Trees Management most recently housed artists’ studios. Each unit has its own laundry/storage room and finishes such as bamboo flooring and glass bathroom tile. Apartments feature high ceilings, wine coolers, Sub Zero refrigerators, Viking cooktops, walk-in showers and Jacuzzi tubs. The building has a 24-hour concierge and health club. Twenty-two rooftop cabanas will be available for purchase by residents. Contact: Toby Klein, Two Trees, 718-222-5555.
Edgewater
One Hudson Park
168-unit project will be the first high-rise condo built in Edgewater, just across the Hudson River from Upper Manhattan. One, two- and three-bedroom units range in price from $398,880 to more than $1.5 million. The building features a 24-hour doorman and concierge, 50-foot lap pool, fitness center and yoga studio, media lounge, children’s playroom, parking and other amenities. The developer is Tarragon Corporation and Gruzen Samton Architects is designing the building. Scheduled for completion in fall 2006. Contact: 201-840-9080 or www.onehudsonpark.com.
Greenwich Village
135 West 4th Street
The Washington Square United Methodist Church has been sold to developers-architects Jon Kully and Mick Walsdorf, who are most likely turning it into condos, New York magazine reported. The 1860s church and next-door refectory had gone on the market for $13 million last winter after they became too expensive to maintain.
Harlem
5th Avenue and 127th Street
Recently formed development group AFC Realty Capital will renovate a five-story building into 28 condos. Prices for the units will range from the upper $400,000s for one-bedroom units to more than $1 million for three-bedroom duplexes, Globest.com reported.
Lower Manhattan
The Downtown Club
19 West Street
Sales recently began at the 288-unit former Downtown Athletic Club developed by Joseph Moinian, with occupancy expected this summer. Apartments range from 500 to 1,000 square feet, and cost around $1,000 per square foot, the Post reported. Residents have access to a 12,000-square-foot gym, lounge and daily breakfast. The building until recently housed college football’s Heisman Trophy. Contact: 212-363-2020 or www.trophycondo.com.
Madison Square Park
The Grand Madison
225 Fifth Avenue
Sales are under way at the 216-unit condo conversion overlooking Madison Square Park. Elad Properties is developing the 1906 landmark, which was recently the New York Giftware Building. One- to three-bedroom apartments range from 706 to 2,400 square feet. There will be 98 one-bedrooms, 69 two-bedrooms, 26 three-bedrooms and 23 penthouses. Starting prices will range from approximately $685,000 to more than $4.5 million, according to Dana Pecorella of Cantor Pecorella, the sales agent for the property. Information: 212-679-5252 or www.grandmadison.com.
Park Slope
Rose Hall
219 17th Street
New condominium with 10 units by developer On The Level Enterprises. Most remaining apartments have 1,020 square feet and two bedrooms and start at $510,000. A four-bedroom, 2,651-square-foot triplex is also available for $895,000. The Corcoran Group is marketing the property. Contact: Eva Zurek, Corcoran, 212-941-2549.
Prospect Park
Caton Place
Williamsburg developer Moshe Feller bought one of the two buildings used by the Kensington Stables at the southern tip of Prospect Park and an adjacent tire factory with plans to knock them down and build an eight-story luxury condominium with 107 apartments and underground parking, the Daily News reported. Feller’s $20 million building, designed by architect Karl Fischer, will have a garden, floor-to-ceiling windows and a two-story lobby. The 13 horses, which resided in the century-old barn now owned by Feller, have been moved to the main building.
Tribeca
51 Walker Street
The nine-story new construction project by developer Liton Partners will feature 15 two- and three-bedroom condos. Each apartment has 10-foot ceilings and floor-to-ceiling windows, and was designed by architects Cetra/Ruddy. Veracity Real Estate Management, an affiliate of the developers, is the sales agent. “The concept was ‘under 2,000 feet and under $2 million,’ ” Hunter Lipton of Liton told the Post. “We thought there was a good niche for the two-bedroom, two-bath market.” Contact: www.walker51.com.
Upper East Side
170 East End Avenue
Celebrity architect Peter Marino is designing the interiors and exteriors of a new 110-unit condominium in his first apartment building project. The units, housed in two connected limestone and glass towers, will range from one to five bedrooms. Skyline Developers expects to complete the project in the fall of 2006. Although the offering plan has not yet been approved, proposed prices range from $1,600 to $3,000 per square foot, the New York Times reported. The Sunshine Group is marketing the building.
Upper West Side
223 West 80th Street
Seventy-five percent of the condo units in the Cavan Development project were sold within their first two months on the market. The 12-unit loft-style property features 1,562-square-foot, two-bedroom, two-bath units with balconies and terraces. There is also a garden duplex and a penthouse apartment with a 219-square-foot roof terrace. All units have gourmet kitchens, marble baths, fireplaces and keyed elevator access. Prices for the sold units range from $1.395 million to $2 million. Douglas Elliman is marketing the project. Contact: sales office, 212-727-6158.
West Village
302 Spring Street
The 11-story condominium is close to topping out, according to web site triplemint.com. The project was designed by architects Zakrzewski + Hyde.
Sales Update
Chelsea
Lion’s Head Condominium
121 West 19th Street
The 66-unit project developed by Alchemy Properties was sold out in mid-June after two months on the market. Apartments were priced from $500,000 to $2.75 million and range from 766 to 3,948 square feet. Contact: Wendy Triffon, director of sales, 212-732-0372.
Hudson Square
255 Hudson Street
Developer Metropolitan Housing Partners sold 40 percent of its 64-unit building in its first month of sales ending in mid- June. The 11-story building has one-bedrooms priced from $1 million, lofts are priced from $1.535 million, two-bedrooms priced from $1.875 million and townhouses priced from $2.95 million to $3.7 million. One-bedrooms range in size from 776 to 1,945 square feet and two-bedrooms measure 1,450 to 1,750 square feet. The project will be ready for occupancy in the summer of 2006. Contact: 212-255-5503 or www.255hudson.com.
Construction Update
Midtown West
Clinton West
516 West 47th Street
Construction is nearing completion on 149 condos in two six-story buildings by developer SDS/Procida. The property, which will be marketed by The Corcoran Group, is scheduled to go to market in summer 2005. The project was designed by Larsen Shein Ginsberg Snyder Architects and offers studios, one- and two-bedroom units featuring vertical-grained bamboo flooring and Graham Architectural windows to maximize light. The building will offer a recreational greenhouse, with plasma televisions and a wet bar, which will open to a grand terrace with a landscaped garden and putting green. The building will also have a fitness center and on-site laundry facility. Contact: 212-957-3914 or www.clintonwest.com.
Tribeca
200 Chambers Street
In a ceremony attended by Michael Bloomberg and a host of dignitaries, groundbreaking took place on the 254-unit luxury condominium and retail building being developed by the Resnick family. Plaza Construction is serving as construction manager for the project.
Financing
Midtown West
125 West 31st Street
American Property Financing announced the closing of a $176.8 million Fannie Mae DUS construction loan for the 58-story project being built by a partnership of the Franciscans of the Holy Name Province, the Durst Organization and Sidney Fetner Associates. Upon completion, the development will be sub-divided among the partners into five condominium units. The residential portion of the project will contain 458 rental apartments.
Murray Hill
1 East 35th Street
Commerce Bank provided a $15 million bridge loan to Senior Living Options Inc. for the acquisition of the vacant plot. The developer secured the interim financing in order to build a residential development. The loan term is nine months.
Tribeca
137-141 Duane Street
A local developer acquired the six-story, 74,000-square-foot rental building and will transform it into condos. Multi Capital Group arranged and closed the $32 million loan for the developer.