Bryant Park
485 Fifth Avenue
The 185,000-square-foot office tower that once housed Tommy Hilfiger’s headquarters will be converted into luxury loft condos overlooking Bryant Park and the main branch of the New York Public Library. The property will also offer more than 26,000 square feet of retail space, according to its new owner, Belfonti Capital Partners, a national venture capital firm that partnered with the Carlyle Group to buy the property. The condo conversion may cost as much as $160 million. Kelly Mack, Beth Fisher and Dan Cordeiro of the Corcoran Sunshine Marketing Group will be responsible for the residential sales and marketing. Contact: 212-634-6500
Carroll Gardens
L3 Condominiums
191-193 Luquer Street
Sales began in September at the four-story, 12-unit condominium, which integrates a 19th-century convent with two new buildings. Duplexes, loft-like spaces and penthouses from 850 to 1,900 square feet start at approximately $600,000. JC Keeler and Peter Guthrie are the developers. The Developers Group is the sales and marketing agent. Contact: 718- 222-1545.
Downtown Brooklyn
Lookout Hill Condominiums
199 State Street
Alchemy Properties’ new 11-story, 46-unit building will open for sales this month, with an October 2006 move-in date. Studios measuring 677 square feet start at $470,000, while a 1,629-square-foot three-bedroom penthouse starts at $995,000. Some of the units will have private patios, and the four penthouses will have rooftop terraces. The building will sell at about $665 a square foot, inclusive of the penthouses, the New York Post reported. That is 5 percent lower than market value, according to Alchemy Properties president Kenneth Horn.
Downtown Brooklyn
7 Metro Tech Center
The landmarked former Verizon Building will be converted into condos. Owner Berkshire Capital recently secured a $165 million financing package to complete the 244-unit project. The 27-story, 509,000-square-foot Art Deco building, built in 1930, will have a mix of studio, one-, two- and three-bedroom condos, along with 34,000 square feet of retail space.
East Harlem
118-122 East 124th Street
Developer Harout Derderian is converting the two commercial loft buildings into rental and condo units. The condos will likely sell for $400 to $600 a square foot; the rentals are expected to fetch $1,600 to $3,000 a month. Construction began this fall and the lofts will be finished by fall 2006, according to Chris Halliburton of Warburg Realty Harlem, which is representing the properties.
East Harlem
The Crown Condominiums
2132-2136 Second Avenue
The newly constructed 9-story luxury development has 30 residential condominiums and three retail stores. Prices for the one- and two-bedroom units range from $249,000 to $720,000. Warburg Realty Harlem is the exclusive sales agent; Brian Thornton and Chris Halliburton are marketing the property. Occupancy is slated for this fall.
East Village
One Avenue B
Construction has started on the 24-unit condominium, located on the former site of a Gaseteria gas station on the corner of East Houston Street. When it opens in early 2007, the 8-story building will offer studio, one- and two-bedroom units ranging from 456 to 1,252 square feet, the Post reported. Units will go on sale next spring. Citi Habitats is the exclusive marketing agent for the building.
Long Island City
Q Plaza
42-11 Vernon Boulevard
The motel, which has been picketed by neighbors for allegedly allowing prostitution, is being transformed into an upscale boutique property, according to owner Ravi Patel. Steven Kratchman Architect PC will add balconies to each of the 78 rooms, which will have views of the Manhattan skyline, Crain’s reported.
Lower Manhattan
270 Greenwich Street
Edward Minskoff is scheduled to begin construction later this year on the 1.1-million-square-foot complex bounded by Warren, Murray, Greenwich, and West streets, the New York Sun reported. When completed in 2007, the project will include 230 condominiums and 162 rental apartments. Its retail component will include a 55,000-square-foot Whole Foods Market, the first major supermarket in the area.
Lower Manhattan
4 Albany Street
Developer Joseph Moinian is expected to start laying the foundation soon for a soaring hotel and condo building on the vacant site. The tower will be 468 feet high — the equivalent of a 46-story residential building — and have 38 floors, according to a plan recently filed with the city Department of Buildings, the Daily News reported. There will be 77 apartments on the top 11 stories, and 232 hotel rooms on the floors below.
Lower Manhattan
be@90
90 William Street
Perkins Eastman was selected as the architect for the conversion of the 16-story commercial building into 128 studio, one- and two-bedroom condo units.
Lower Manhattan
120 Greenwich Street
Larry Devine and partner Charles Cecil of Barrington Equities are converting the 13-story rental apartment building into a 102- unit luxury condominium. Thirty- five of the units will have a view of Ground Zero and Tribeca when the Deutsche Bank building is demolished. The state has not yet approved the offering plan, but prices are expected to start in the $400,000s, the Daily News reported. Contact: 212-366-4877, www.greenwichplace.com.
Madison Square Park North
76 Madison
76 Madison Avenue
The 32-unit condo-conversion building opening next summer will have its own chef. Geoffrey Zakarian, the chef behind the forthcoming Country (the Downtown counterpart to his Town restaurant on West 56th Street), will provide private catering to residents, the Post reported. Prices for the units will range from $995,000 for an 800-square-foot one-bedroom to $2.95 million for a 2,300-square-foot three-bedroom. A 2,600-square-foot penthouse is on the market for $5 million. Prudential Douglas Elliman is the exclusive sales and marketing agent. Contact: 212-431-7696, www.76madison.com.
Soho
40 Mercer Street
Sales are now under way at Andr Balazs’ 15-story luxury condominium. The building, designed by French architect Jean Nouvel, is topped by a 3,500-square-foot duplex penthouse — where the glass wall of the east-facing living room slides open to transform the entire space into a terrace. Other units range from one to three bedrooms and have 12-foot ceilings. Hines is the developer; SLCE is the project architect. The Corcoran Sunshine Marketing Group is the marketing and sales agent. Contact: 212-925- 5050, www.40mercersoho.com.
Upper East Side
Sutton 57
212 East 57th Street
The 24-story tower constructed of rose-colored brick and cream-colored limestone will feature 38 one-, two- and three-bedroom residences with no more than three units per floor. One-bedrooms are priced at $975,000 for 780 square feet, and two-bedroom, 1,260-square-foot units range from $1.445 million to $1.65 million. Three-bedroom floor-through apartments begin at $2.3 million and go as high as $3 million. A 3,000-square-foot duplex penthouse with a terrace is priced at $6 million, the Post reported. Occupancy is expected in early 2006. The Marketing Directors is the sales agent for the property. Contact: 212-829-0057.
Upper West Side
Casa Rohan Condominium
70 West 107th Street
The project by Mehta Real Estate features four full-floor apartments and 2,300 square feet of commercial space. Three of the residential units have two or three bedrooms in 1,434 square feet. The fourth unit is a 2,368-square-foot, four-bedroom duplex with a private balcony and a 450-square-foot terrace. Prices range from $1.18 to $1.6 million, with occupancy slated for November. Dhia Barnes and Elizabeth Steele of the Warburg Marketing Group are handling sales.
Upper West Side
The Hudson
225 West 60th Street
The new 80-unit luxury condominium is slated for completion in May 2006. Its one-, two- and three-bedroom apartments will range in size from 612 square feet to 1,776 square feet, and the seven penthouses will range in size from 1,036 square feet to 1,656 square feet. Opening prices will start at approximately $600,000.
Construction Update
Long Island City
45-56 Pearson Street
Demolition is under way at the site, where developer Mark Junger plans a 20-story tower with 120 condos. The building will have a swimming pool with a retractable dome and a running track. Marketing will begin early next year, and sales will start in the spring, the Daily News reported.
Lower Manhattan
133-135 Greenwich Street
Developer Haysha Deitsch’s project is on hold while he seeks approval from the federal Environmental Protection Agency for a plan for asbestos abatement inside the small buildings currently occupying the site, the Daily News reported. He plans a 33-story, 101- unit glass tower designed by Costas Kondylis and Partners.
Midtown
Place 57
207 East 57th Street
Construction topped out in October on the Clarett Group’s 36-story glass and steel-clad luxury condominium project. Occupancy is expected by summer 2006.
Upper East Side
170 East End Avenue
The former Beth Israel Hospital North Singer Division has been demolished, and excavation is under way by Skyline Developers, an affiliate of New Jersey-based Garden Homes. Construction will soon begin for a 19-story, 110-unit condominium tower. Prices for apartments are expected to start at nearly $2,000 a square foot, the New York Sun reported.
Williamsburg
184 Kent Avenue
The Landmarks Preservation Commission has designated the Austin, Nichols & Co. Warehouse. The landmark designation may interrupt developer Louis Kestenbaum’s plans to turn the 90-year-old, 6-story building into 240 luxury condos by 2008. Among Kestenbaum’s plans for the warehouse are four new floors and a new open-air courtyard, the New York Observer reported.
Development in Brief
Manhattan (from north to south)
157 East 84th Street
Josh Guberman of Core Development Group plans to develop a condo at the site.
1438 Third Avenue (at 81st Street)
Broad Street Development plans to convert the 31- story, 147-unit rental building into a condo with 47 one-bedroom and 40 two-bedroom units.
515 East 72nd Street
David Werner, along with C& Properties and other investors, plans to convert the 410-unit River Terrace rental building into condos.
Corner of East 67th Street and First Avenue
Demolition has begun at the site of the Collegiate Church, across from Memorial Sloan-Kettering Cancer Center. Developers Simon Elias and Izak Senbahar plan to build residential condominiums.
Site next to 420 East 61st Street
Demolition of the five-story parking garage is scheduled to begin for a new residential tower by Sheldon Solow.
1123 York Avenue (at 61st Street)
The Manhattan borough president’s office and Community Board 8 approved plans for the Witkoff Group’s 26-story, 100-unit residential condominium tower.
250 East 60th Street
Developer planning a 10-story residential tower with affordable housing on the site.
946-950 First Avenue (at 52nd Street)
A residential tower is planned.
936 First Avenue (at 52nd Street)
A 2-story addition is planned for the vacant four-story building. When it is completed next year, the property will have five full-floor residential units.
342 and 344 East 50th Street
Time Equities is converting two brownstones into 15 condos. Across the street, American Development Group and Langsam Property Services are doing a gut renovation of four 5-story buildings.
250 East 49th Street
A developer is building a 20-story condominium tower with 31 residential units.
563-569 11th Avenue (at 43rd Street)
The Moinian Group bought the 6-story Verizon Building and will demolish it for residential condos next year.
396, 398 and 400 Fifth Avenue (at 36th Street)
Developer Yitzchak Tessler is planning a 50-story condominium.
11 East 36th Street
The 12-story mixed-use office building is being converted into 68 residential condos and three commercial condominiums.
30 Park Avenue (at 36th Street)
A condo conversion is likely.
1 East 35th Street
Commerce Bank provided a $40 million financing package to 35th Street Associates LP, which is building a 91-unit residential apartment building at the site.
35th Street between Fifth and Madison avenues
A local developer is building a 20-story rental tower for low- and middle-income tenants.
47-49 East 34th Street
Demolition of the vacant buildings is planned for a residential condominium.
232 East 25th Street
Arthur Leeds & Associates is developing a 13-story, 54-unit residential condominium building.
122 East 23rd Street
A new residential tower is expected on the parking lot site.
254 Park Avenue South (at 20th Street)
Local investors are converting the property to condos.
72-76 Greene Street
Red Brick Properties is planning a conversion into residential condos with a single retail component.
Queens
6th Avenue and Fourth Street
Brooklyn developer Shia Ostreicher plans to build a condominium on the East River waterfront in Astoria, Crain’s reported. The site can support nearly 155,000 square feet of development.
13-11 Jackson Avenue
Developer Ron Hershco is laying the foundation for a 13-story building with 55 apartments in Long Island City. The Developers Group will start marketing the units early next year, and sales are expected to start in the spring, the Daily News reported.
41-17 Crescent Street
Developer Ari Chitrik plans a 17-story development in Long Island City called the Crescent Club, which will have 119 condos with a lap pool and a putting green in a landscaped back yard, the Daily News reported.
42-37 Crescent Street
A new condo building is planned for the site in Long Island City, the Daily News reported.
5-03 50th Avenue
JCE Construction is planning a new condo building on the waterfront site in Long Island City, the Daily News reported.