Showing posts with label new development. Show all posts
Showing posts with label new development. Show all posts

Wednesday, March 19, 2014

44 Manhattan and Brooklyn new developments slated for Spring 2014






Just like the temperatures heading into spring, the real estate market tends to warm up. But this year, the sheer amount of action is white-hot, way ahead of the mercury on the thermometer. Why? A whopping 44 new developments are launching this spring—that's condos and rentals—in neighborhoods from Inwood to Williamsburg. Get ready for some big names (and pricey properties) at the Woolworth Building, Stella Tower, and 30 Park Place's Four Seasons Private Residences. Park Avenue South's Fortress of Glassitude is also, at long last, ready to roll. Meanwhile, there's TF Cornerstone's massive rental tower, the last of six it has erected along the Long Island City waterfront, and tons of smaller buildings in Brooklyn, some with just a handful of units. Know of any building we've missed? Please share in the comments or with the tipline, and we'll add it to the map. Take a look at the whirlwind of activity below, which brings one word to mind: Brace.

Read the full story here: http://ny.curbed.com/archives/2014/03/18/the_44_new_developments_hitting_the_market_this_spring.php

Wednesday, April 10, 2013

23 New Developments Hitting the Market This Spring - click for he map



CURBED MAPS

23 New Developments Hitting the Market This Spring Tuesday, April 9, 2013, by Sara Polsky

springnewdevsmap_4_13.jpg
The real estate market tends to heat up come spring right along with the weather. For anyone out hunting for a condo or rental, there are a few new development offerings to choose from. We've compiled a map of projects that are set to hit the market this spring, plus a few that appeared on market in the first quarter. Know of one we've missed? Please share in the comments or with the tipline, and we'll add it to the map. Happy hunting to all. UPDATE: We've added a few more developments to the map, but let us know if there are others we're still missing.




Thursday, November 29, 2012

Stalled Downtown Brooklyn Cultural District Development to resume

Liftoff on Fort Greene Project


The city is moving forward with the final pieces in its long-delayed project to develop the Downtown Brooklyn Cultural District at the edge of Fort Greene.

A development partnership is proceeding with a roughly 500,000-square-foot tower with 600 units of housing, half of which will be affordable to low- and middle-income residents. It also will have retail, office and cultural space.

[image] Ten Arquitectos
A rendering of a planned 32-story tower in Fort Greene, Brooklyn, that also will include new public space.

The city first sought developers to build on a city-owned parking lot at Fulton Street, Rockwell Place and Ashland Place in 2007, but the economic crash slowed progress.

"In 2008, 2009, 2010 things weren't happening. Luckily the market's come back," said Melissa Pianko, executive vice president for development of Gotham Organization, which together with DT Salazar Inc. is building the tower.
Read Full Story Here: http://online.wsj.com/article/SB10001424127887324705104578147501254371648.html?mod=WSJ_NY_MIDDLETopStories

Friday, November 16, 2012

Stalled Brooklyn Condo Developers who successfully converted to rental bldgs



Over the past year, there have been more than few Brooklyn condo developments that have had some trouble getting sales off the ground. That, combined with a hot rental market, has prompted many to convert to rentals and the results, as you can see from the map after the jump, have been good. Not as good as, you know, selling condos, but still, there's definitely no shortage of people looking to pay $2,600 for a 2BR a subway stop or two away from Manhattan.

Read the full story here: http://ny.curbed.com/archives/2012/11/15/brooklyns_condos_that_have_gone_rental_in_the_past_year.php

Thursday, November 15, 2012

12 New Condo Projects hit the market

On the Market

Sackett Union, 291 Union Street, Cobble Hill
Price: $1.85 Million
This long-gestating project has finally made it to market: a 32-unit condo with a mix of two- to four-bedrooms, plus attached townhouses with dedicated parking spots. Sales began in late August, and 22 deals are already signed.
Sample unit: 5A
Details: A 1,823-square-foot, three-bedroom, three-bath duplex with a washer and dryer, parking space, and terrace.
Brokers: Wendy Triffon and Jill Preschel, Alchemy Properties

5 West, 5 West 127th Street
Price: $525,000
This building’s thirteen units went on the market in July, and twelve have sold, perhaps reflecting condo buyers’ push northward to less expensive territory. The amenity list helps: gym and bike storage, and outdoor space for a lot of apartments.
Sample unit: 1B
Details: An 840-square-foot one-bedroom, one-and-a-half-bath duplex with a private, 725-square-foot planted garden.
Brokers: Jeff Krantz and Kristin Krantz, Halstead Property

Chelsea Green, 151 West 21st Street
Price: $2.7 Million
The glassy façade tops an unusual lobby with neo-Baroque window screens, and the kitchens were co-designed by Le Bernardin chef Eric Ripert. Developers of this ecofriendly project—it’s certified LEED gold—have sold most of the 51 units from floor plans, but three remain available.
Sample unit: 11B
Details: A 1,534-square-foot, two-bedroom, two-bath with a flexible layout and three exposures.
Read Full Story Here: http://nymag.com/realestate/features/condo-developments-2012-11/

Tuesday, October 9, 2012

360,000-SF Victoria Project To Highlight Harlem's Past--and Future

A rendering of the two 26-story
towers that will be built above
the historic Victoria Theater on
125th Street in Harlem.


     
NEW YORK CITY-A new hotel, apartments, retail and cultural space are all part of a $143-million plan to bring a mix of commercial uses to Harlem’s storied 125th Street corridor. After Empire State Development approved Danforth Development Partners plan to construct more than 300,000 square feet above the historic Victoria Theater in July, the developer has tapped architect Ariel Aufgang to design the project with a special focus on preservation and progress.
“The whole idea of developing this mixed-use structure is that we are trying to make a destination for the community and for people from outside the community,” Aufgang tells GlobeSt.com. “It will be the center of attention.”
The project – which will rise midway between the New York State Office Building and the Apollo Theater – involves the construction two 26-story towers, a hotel and an apartment building, will be constructed above the historic Victoria Theater, whose original 1917 terra cotta facade and ornate lobby will be restored. The two towers, a 210-room hotel and a 230-unit apartment tower, will have a combined 360,000 square feet of space.
Aufgang – part of Suffern, NY-based Aufgang + Subotovsky Architecture – says the team is working to preserve and restore historic components of the theater while bringing new amenities and services to the area. He notes that the hotel will be the first full-service hotel in the history of Harlem, complete with a 5,000-square-foot ballroom and a four-story base called the “podium,” which has 25,000 square feet of retail space and 25,000 square feet of cultural space. Upon completion, it will house institutions such as the Classical Theater of Harlem, JazzMobile, the Apollo Theater Foundation and the Harlem Arts Alliance.
“What’s most remarkable about the job is the mix of all the different uses and the fact that it is also combining a presentation program that will link with Harlem’s past and a brand new building on top that will connect with the future, and that’s the most compelling part,” he says.
Aufgang says the entrance to the hotel will be on 125th Street, through the Victoria Theater's lobby, which will be restored, with its signature fountain, marquee, grand staircase and lighting, much of which has been preserved. Restoration will be based on original plans and designs, including paint colors. The hotel lobby will feature high-end retail space. The entrance to the apartment tower will be on 126th Street through a porte cochere. The covered circular driveway will facilitate the flow of vehicles transporting residents and minimize traffic congestion on the street. Each building will face the street--the hotel entrance on 125th Street and the apartment building entrance on 126th Street.
In terms of community response, Aufgang says the neighborhood has welcomed the project. Both ESD and the Harlem Community Development Corporation have already approved the general project plan, and he adds that the project has been very well received. “It is a big building, but everyone agrees that is right-sized for the elements that are needed for the community now,” he says.
Jacqueline Hlavenka Jacqueline Hlavenka, East Coast Editor for GlobeSt.com and Real Estate Forum, is responsible for coverage of news and information pertaining to commercial real estate in New York City. Prior to joining ALM, she served as a municipal beat reporter for Greater Media Newspapers in central New Jersey. Her work has also been published in The Asbury Park Press, The Village Voice, Interior Design Magazine and Condé Nast’s Cookie Magazine. Contact Jacqueline Hlavenka.

Friday, January 20, 2012

With Manhattan running out of buildable space, developers turn to Brooklyn

Residential developers increasingly turn to Brooklyn, but face different renters

January 18, 2012 10:30AM
From left: renderings of Three Northside Piers, 388 Bridge Street and 88 Willoughby Street
As space for residential development dwindles in Manhattan, developers are turning to Brooklyn, the Wall Street Journal reported, but they must be careful if they want to appeal to the different sensibilities of Brooklyn renters.
Citing a report by Nancy Packes, a consultant to some of the city’s largest developers, the Journal said 14,000 new residential units are being planned for Brooklyn in the coming years, compared to just 5,000 in Manhattan. Read full story here:
 http://therealdeal.com/blog/2012/01/18/residential-developers-increasingly-turn-to-brooklyn-but-face-different-renters/
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