Clinton
Lumiere
350 West 53rd Street
The 66-unit building, developed by Victor Homes, saw more than 80 percent of its apartments sold within three weeks on the market. The building offers 421-square-foot studios starting at $350,000, 721-square-foot one-bedroom units starting at $550,000, 1,250-square-foot two-bedroom units starting at $850,000 and penthouse units starting at $1.25 million with private rooftop hot tubs. Building amenities include 24-hour doorman with refrigerator storage facility, concierge service, private fitness center and open garden. Occupancy is scheduled for summer 2005. Contact: Shvo Group, 212-380-2100 or visit lumierenyc.com.
Clinton
Clinton West
516 West 47th Street
A pair of six-story buildings, with an additional penthouse floor, will feature 149 condominium apartments when they are completed in late summer. Developer SDS/Procida recently purchased the site for $55 million. The project will be the first building to rise over the West Side railroad tracks in decades, the developer said.
Downtown Brooklyn
The Smith
Smith St. and Atlantic Ave.
50 condos in the building developed by Leviev Boymelgreen are expected to go on sale in early May. The project, which will include a hotel, will have studios and one- and two-bedroom apartments as well as duplex penthouses. The apartments should be ready for occupancy in March 2006. Contact: The Sunshine Group, 212-750-0500.
Dumbo
The Nexus
84 Front Street
The 12-story, 56-unit condo building will have one-, two- and three-bedroom apartments, ranging from around 600 square feet to 2,000 square feet. Prices will begin in the mid-$400,000s and go up to $1.6 million for 12th-floor penthouses. Designed by Marvin Meltzer Architects, the building is expected to open in the fall of 2005, and will have a garage, health club and landscaped garden. Contact: The Developers Group, 718-222-1545.
Dumbo
Beacon Tower
85 Adams Street
Sales are expected to begin April 1 for the 23-floor, 79-unit condominium. The building will have one- and two-bedroom apartments, plus a three-bedroom penthouse, with prices starting in the mid-$500,000s for a one-bedroom. The building, developed by A.I. & Boymelgreen, is scheduled to be completed in September 2006. Contact: Corcoran Group Marketing, 212-343-5400.
East Harlem
The Roosevelt Lane Condominiums
227 East 111th Street
The seven-story property designed by Gary Silver Architects offers 22 loft-style condo units, ranging from studios to three-bedrooms, as well as penthouse units with outdoor space. Prices range from $219,000 to $650,000, with units available for occupancy in February 2005. Contact: Chris Halliburton, Warburg Realty Harlem, 646-253-0333.
Flushing
College Point Blvd. and Roosevelt Ave.
Muss Development announced plans to build a $600 million mixed-use project on a 14-acre brownfield site. The project will create six condominium and rental buildings with 1,000 residential units, 725,000 square feet of retail space and a waterfront esplanade along the Flushing River. The first apartments will open in 2008.
Hudson Square
Urban Glass House
Spring and Washington streets
Architects Philip Johnson and Alan Ritchie s new condominium development was recently purchased by Glass House Development LLC, a partnership formed by Abram Shnay, Charles Blaichman and Scott Sabbagh, from Greenwich Street Partners LLC for approximately $24 million. Construction is scheduled to begin this winter. The Sunshine Group has been named the marketing and sales agent for the building. Contact: The Sunshine Group, 212-750-0500.
Lower East Side
138 Delancey Street
Fred and Robert Haramatz, the owners of Ratner s, are building a 14-story residential building on the site of the defunct kosher restaurant. The brothers have leased space in the rear of the building to two celebrities, who will open a bar in the former Lansky Lounge. The pair also leased part of the building to a Sleepy s bedding and mattress store, which will open in a couple of months, Crain s reported.
Nolita
Kenmare Square
210 Lafayette Street
The 11-story curved tower co-developed by Cape Advisors and Andre Balasz will offer loft-style residential units ranging from 460 to 2,700 square feet. Prices start in the $600,000s. Interiors designed by architect Richard Gluckman will feature solid ash wood flooring, oversized windows, and 10-foot ceilings. The building will have a 24-hour concierge, a fully equipped gym, and an on-site building manager. Contact: sales office, 212-274-0616.
Soho
311 West Broadway
Developer Albert Laboz has commissioned Gwathmey Siegel to design a five-story, 110-foot-tall glass and steel residential building for the long-vacant parking lot, according to published reports. The design includes retail space on the ground floor of the West Broadway side and townhouses on its Wooster Street side.
Upper West Side
2112 Broadway
The Apple Bank Building is being converted into a residential building. The current building is 177,000 square feet with 204,750 square feet of possible residential space. The condominium will most likely offer loft units, according to Curbed.com.
West Village
163 Charles Street
Developer Barry Leistner bought the site for a small eight-story brick and glass condominium building designed by architect Daniel Goldern that will rise behind the newest of the three Richard Meier-designed towers. The building will include an upper triplex, two 2,100-square-foot duplexes and ground floor commercial space.
Williamsburg
12th & Park
232-236 North 12th Street
The 12-unit loft building designed by Bricolage Architects is located across from McCarran Park. The newly constructed rental building will have a traditional brick façde and each apartment will have an open plan and 15-foot ceilings; sizes range from 600-square-foot mini-lofts to 1,800-square-foot loft duplexes, and many units will have either rooftop terraces or balconies. Prices for the units will range from $2,000 to $4,000. Contact: David Maundrell, aptsandlofts.com
Williamsburg
Withers Place
246 Withers Street
The 25-unit triangular-based building will be ready for occupancy this month. The apartments, designed by architect Karl Fischer, range in price from $300,000 to $925,000, and offer a variety of one, two and three-bedroom layouts. Sizes range from 593 square feet to over 2,300 square feet. Contact: Helene Luchnick, Douglas Elliman, 212-965-6008.
Sales Update
Astor Place
445 Lafayette Street
More than 40 percent of the units have already been sold in the 21-story residential tower designed by architect Gwathmey Siegel in collaboration with Ismael Leyva. The building offers two- to four-bedroom loft residences from $2.95 million to $12 million. Contact: Related Residential Sales, 212-473-4445.
Carnegie Hill
One Carnegie Hill
215 East 96th Street
More than 70 percent of the units have already been sold in the 42-story residential tower. The building, developed by The Related Companies, has one- to three-bedroom apartments starting on the 23rd floor for $450,000 to $2.2 million and rental units below. The project will be finished in fall 2006. Contact: Related Residential Sales, 212-410-9600.
Lower Manhattan
56 Pine Street
Forty-eight out of the 90 units, excluding the penthouse, in the 16-story building have been sold for $750 per square foot, according to published reports. Dan and Jordan Rosen created the project out of a former corporate rental. The building includes a fitness center, game room, club floor with lounge, media room and doorman. Contact: sales center, 212-891-7656.
Midtown
The Plaza Hotel
57th St. and Fifth Ave.
Elad Properties has named Stribling Marketing Associates as exclusive sales and marketing agent for the 200 condominium homes that will be created at the soon-to-be-partially-converted hotel. The hotel will close in April and reopen in late 2006 as a mixed-used property, featuring residences, hotel rooms and retail. Condos will range from one to four bedrooms and will occupy the top 12 floors of the building as well as some lower floors facing Central Park. Studio apartments are expected to go for more than $1 million and larger apartments with unobstructed views of Central Park could come close to $6,000 per square foot, according to the Post. An on-site sales office is expected to open in mid-June. Contact: Rosita Sarnoff, Stribling, 212-585-4542.
Roosevelt Island
Riverwalk Place
465 Main Street
More than 70 percent of the units have been sold in the 18 story residential tower, according to The Related Companies and The Hudson Companies, the developers of the project. The waterfront building will open for occupancy in spring 2006 and studio to three-bedroom apartments are asking $420,000 to $1.65 million. Gruzen Samton Architects and SLCE Architects designed the project. Contact: Related Residential Sales, 212-754 0455 or visit riverwalknyc.com
Upper West Side
The Hopkins
172 West 79th Street
Nearly 50 percent of the 95 apartments in the 20-story prewar building have been sold in its conversion from rental to condominium ownership. Twenty-six apartments went to insiders and seventeen went to outsiders. The average gross price per square foot was approximately $670 for insider sales and $920 for outsider sales, according to sales agent Walter & Samuels.
Construction Update
Midtown
325 Fifth Avenue
Construction was scheduled to begin last month for the 250-unit, 397,000-square-foot residential condo project with work expected to be completed in 18 months. The project is joint venture between Continental Properties and Douglaston Development.
South Street Seaport
Townhouses in the Sky
80 South Street
Construction of the Santiago Calatrava-designed building received a go-ahead from the city s Department of Buildings last month. The architecturally ambitious 835-foot high tower will be made up of 12 stacked cubes designated for residential use. Sales could begin as early as April.
FINANCING
Brooklyn Heights
4 Water Street
Commerce Bank provided a $6.4 million construction loan for a six-story building directly under the Brooklyn Bridge overpass that will contain 13 condo units, retail space and a parking garage.
Chelsea
126-36 West 19th Street
Sonnenblick-Goldman arranged a $20.6 million land acquisition on behalf of The Clarett Group, which plans to build condos on the site.
Prospect Heights
651 Washington Avenue
Commerce Bank provided a $1.25 million construction loan for a six-story, nine-unit condo building.
Tribeca
88 Leonard Street
The Singer and Bassuk Organization announced the closing of $120 million in Liberty Bond and other financing for 88 Leonard Street, a 386,000-square-foot property which will contain 352 residential apartments. The developers of the project are Boymelgreen Developers and Africa Israel Investments.
West Village
627 Greenwich Street
Non-recourse acquisition and development financing in the amount of $47 million was provided for the purchase of a 107,000-square-foot loft building which will be converted into residential condominiums. Carlton Advisory Services arranged the financing.
West Village
415 Greenwich Street
A $100-million loan closed for the conversion of the eight-story structure, which will have two floors added. Corus Bank financed the conversion.