Battery Park City
70 Little West Street
The Albanese Organization and Starwood Capital Group Global are building a 33-story, 251-unit green residential condominium on the last residential site in Battery Park City. The $310 million project, designed by Rafael Pelli, will occupy the block bounded by Battery Place, Little West Street, Second Place and Third Place, and will have a curved façde to provide river views from all four corners. The Battery Park City Parks Conservancy will take 40,000 square feet in the 500,000-square-foot project for its new headquarters, and 4,200 square feet on the ground floor will be used for retail. Sales are projected to begin in early 2007. The Marketing Directors is the exclusive sales and marketing agent.
Downtown Brooklyn
BellTel Lofts
365 Bridge Street
The former New York Telephone Company building is being converted into condominiums, the New York Times reported. Sales of the 219 units in the 27-story building started last month, and the conversion will be completed by next spring. Prices range from $500,000 to $2 million. Prudential Douglas Elliman is the exclusive sales and marketing agent. Contact: www.belltellofts.com.
East Village
209 East 2nd Street
The seven-story loft building, built in 1909, is being converted into six luxury condominiums. Construction started last year on the new units, which will span 1,500 square feet and have private keyed entryways and brick fireplaces. They are expected to sell for $1,000 to $1,150 per square foot when the sales office opens in December, the New York Post reported.
East Village
Flowerbox Building
259 East 7th Street
Sales began early last month at developer Seth Tapper’s eight-unit loft condominium. Buyers will receive two years of free parking at a nearby indoor garage, as well as a free Sony 40-inch flat-screen plasma TV. Prices range from $1.49 million for a 1,539-square-foot two-bedroom to $11 million for the 7,000-square-foot five-bedroom penthouse, the Post reported. Warburg Marketing Group is handling sales. Contact: www.flowerboxbuilding.com.
East Williamsburg
Space 42
42 Scholes Street
Sales have begun for the condominium’s eight loft-style units. The units are one-bedrooms and include two duplexes; ceiling heights are approximately 14 feet. Sizes range from 650 to 1,200 square feet, with prices running from $475,000 to $549,000. PRW Development Group is the developer; the exclusive sales and marketing agent is aptsandlofts.com. Contact: www.space42condos.com.
Flatiron
Chelsea Landmark
55 West 25th Street
The rental office is scheduled to open in January for Rose Associates’ 33-story, 406-unit rental building, the Post reported. Studios, one- and two-bedrooms will be available, with rents starting at $2,795 for a 460-square-foot studio. Contact: www.rosenyc.com.
Gramercy
39 East 29th Street
A joint venture of two major Spanish development firms, Espais Promocions Immobiliaries and Landscape Promocions Immobiliaries, bought the site and was expected to break ground on a 140,595-square-foot condominium on Nov. 1, according to GlobeSt.com. The project will have 139 studio to two-bedroom units. Completion is slated for mid-2008. Perseus Realty Capital provided $100 million in acquisition and construction funding.
Greenwood Heights
Fusion
284 20th Street
The five-story, 14-unit condominium will offer buyers views of Manhattan from most units. The sales office was scheduled to open on Nov. 1, with prices starting in the high $400,000s for an 800-square-foot two-bedroom, the Post reported.
Harlem
Loft 124
138 West 124th Street
The building, constructed in 1906, used to be a warehouse for the Koch Department Store. Developer Matt Blesso is converting it into 21 one- and two-bedroom loft condominiums, maintaining the barrel-vaulted ceilings from the original structure as well as the old elevator shaft, which extends 40 feet from the lobby and ends in a reflecting pool. Prices range from $400,000 to $1.9 million, the Post reported. The Corcoran Group is the sales agent. Contact: www.loft124.com.
Long Island City
One Hunters Point
5-43 Borden Avenue
New Rochelle-based Simone Development Companies is building a 12-story residential building with 131 one- to three-bedroom units on the former industrial site. The project will include on-site parking and an enclosed park. Simone also plans another project nearby, the 12-story, 73-unit Hunters View at 11-15/19 49th Avenue.
Lower Manhattan
55 Warren Street
Simone Development will begin demolition of a commercial printing plant this fall to make room for a six-unit residential building. The full-floor units will span approximately 4,000 square feet and have 12-foot ceilings. Completion is expected by summer 2007.
Park Slope
410 Fourth Avenue
The 12-story, 59-unit condominium will separately front Fourth Avenue and 7th Street. Meltzer/Mandl Architects designed the building, which comprises 30 one-bedrooms, 24 two-bedrooms and five three-bedrooms ranging in size from 680 to 1,300 square feet. The project also includes 26 on-site parking spaces, and developer Wheaton Associates has committed to planting new trees on the street in front of the building. Groundbreaking was scheduled for last month, with completion expected in early 2008. The Corcoran Group is the exclusive sales and marketing agent.
Tribeca
Tribeca Five
283 West Broadway
Brad Zackson’s Dynamic Group is converting the six-story brick building, formerly home to a plumbing supply company, into five condominiums, the Post reported. Sales were scheduled to begin last month, with the 2,100-square-foot units asking between $2.7 and $3.4 million. City Sites Marketing is the exclusive sales agent. Contact: www.tribecafive.com.
Williamsburg
Northside Piers
4 North 5th Street
Toll Brothers plans a five-acre development along the East River that will include three high-rise towers, 30 townhouses, retail space and an esplanade with a 700-foot pier, the Post reported. Stage one of the project will be a 29-story building with 180 condominium units, including studios to three-bedrooms, ranging from 600 to 3,280 square feet and starting at $350,000. Four townhouses are also included in the plan. An off-site sales office was scheduled to open last month, and occupancy is expected to start in late 2007. Halstead Property is the exclusive marketing and sales agent. Contact: www.northsidepiers.com.
Construction Update
Harlem
Malcolm Shabazz Court
15 West 116th Street
The nine-story, 38-unit moderate-income rental is slated to open in early 2007. Meltzer/Mandl Architects designed the project, which includes one studio, seven one-bedrooms, 30 two-bedrooms and 1,600 square feet of ground-floor retail space. Contact: www.shabazzcourt.com.
Park Slope
255 1st Street
Construction has begun for the 12-story condominium. Steven Kratchman Architect designed the project, which will offer 32 one- to three-bedroom units.
Upper East Side
980 Madison Avenue
Developer Aby Rosen plans to build a 30-story residential tower in the landmarked Upper East Side Historic District, the Times reported. British architect Norman Foster designed the building. A public hearing on the project was scheduled for Oct. 24.
Financing
Chelsea
100 11th Avenue
Eastern Consolidated arranged a $22 million mezzanine loan on behalf of New York City-based Cape Advisors for the development of a 146,000-square-foot luxury condominium tower. The building, designed by Jean Nouvel, will rise across the street from the Frank Gehry-designed headquarters of Interactive Media.
Fort Greene
405 Adelphi Street
Meridian Capital Group arranged $1.6 million in financing for the construction of a four-unit condominium at the site.
Sales Update
Battery Park City
Riverhouse
One Rockefeller Park
Sales began in September for the 31-story, 264-unit condominium, which is slated to open in late 2007. The building will have a number of green features, including photovoltaic cells, a geothermal well, and ground water to heat and cool the lobby. Studio to three-bedroom units range in size from 840 to 2,600 square feet, with prices running from $800,000 to more than $5 million, according to the Post. On-site will be a parking lot with special spaces for low-emission cars. The Sunshine Group is the exclusive sales and marketing agent. Contact: www.oneriverterrace.com.
Chelsea
Onyx Chelsea
261 West 28th Street
Sales have begun at the 11-story, 52-unit condominium designed by FXFowle. Prices range from $700,000 to $2.5 million. Bronfman Haymes Real Estate Partners is the developer. Core Group Marketing is the exclusive marketing and sales agent. Contact: www.onyxchelsea.com.
Dumbo
70 Washington Street
The condominium conversion had sold 210 of its 259 units — 81 percent — by the start of last month, after one year on the market, according to the Post. Contact: www.70washington.com.
Dumbo
J Condo
100 Jay Street
The 33-story, 267-unit condominium was 87 percent sold as of early last month, after a year of sales. Prices have ranged from the low $300,000s for studios to $3.15 million for one of the penthouses, the Post reported. Contact: www.jcondo.com.
Gramercy
Sky House
11 East 29th Street
The sales office is open for the Clarett Group’s 55-story, 139-unit condominium. Completion is scheduled for early 2008. Contact: www.skyhousecondo.com.
Gramercy
240 Park Avenue South
Sales are under way at the 17-story, 52-unit condominium designed by Gwathmey Siegel Architects. One- to three-bedroom units range in size from 805 to 2,700 square feet, with prices for available units running from $1.13 to $4.391 million. A 2,950-square-foot four-bedroom is listed at $9 million. Amenities include daily continental breakfast in the building’s entertainment library suite. Prudential Douglas Elliman is the exclusive sales and marketing agent. Contact: www.240pas.com.
Harlem
One Strivers Row
2605 Frederick Douglass Blvd
Warburg Marketing Group was named exclusive sales agent for the 14-unit condominium. One- to three-bedroom units range in size from 775 to 1,950 square feet, with prices running from $465,000 to $1.3 million. Occupancy is slated for fall 2006. Contact: www.onestriversrow.com.
Lower Manhattan
20 Pine The Collection
20 Pine Street
The Armani/Casa-designed condominium’s 409 units were nearly 70 percent sold as of mid-September. Sales had begun in February. Prices range from $680,000 for a studio to $2.3 million for a three-bedroom. The penthouses start at $2.9 million. Shvo Marketing is the exclusive marketing and sales agent. Contact: www.20pine.com.
Upper East Side
The Omni
206 East 95th Street
Sales were scheduled to begin last month at the 43-unit condominium, with studios starting at $485,000 and one-bedrooms starting at $575,000, the Post reported. Shvo Marketing is the sales agent.
Windsor Terrace
The Simone
35 McDonald Avenue
As of mid-September, 19 of the condo building’s 35 units were in contract at prices ranging from $275,000 to $999,000, according to the New York Daily News. Some of the building’s units offer views of nearby Green-Wood Cemetery. The Corcoran Group is handling sales. Contact: www.corcoran.com.
Development in Brief
Manhattan (north to south)
381 Lenox Avenue
Rose Tree Development Corporation is marketing for sale the Lenox Grand, an eight-story, 19-unit condominium, the New York Sun reported.
50 West 127th Street
An eight-story, 23-unit condominium is being constructed at the site, according to the Sun.
11 Spring Street
Work on a condominium conversion of the building, once owned by Lachlan Murdoch, is set to start this fall, Curbed.com reported.
209 Hester Street
The six-story building, a former police stable later used as a warehouse, will have a floor added to it and will be converted into 14 higher-end condominiums, the New York Times reported.
123 Baxter Street
The seven-story, 23-unit condominium was scheduled to have its grand opening last month, according to the Times. Prudential Douglas Elliman is the exclusive sales agent.
136 East Broadway
A 13-story condominium is planned for the site, the Times reported.