Three Developments Change the Stigma of Upper Fifth

January 13th, 2012 · Filed Under: 1212 Fifth Avenue - Upper East Side Condos, 1280 Fifth Avenue, 4 East 102nd Street
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There is a fascinating trend occurring in Upper Manhattan in real estate.  There have been 3 luxury developments that have been extremely successful in pulling the affluent buyer to Upper Fifth on and above 96th Avenue, a location that until now, was deemed less ‘desirable’.

Along with 4 East 102nd and 1212 Fifth, 1280 Fifth is one of those success stories.  Curious, we spoke with CORE founder and CEO Shaun Osher for an insider’s take on this transition.

 

 

What has been the stigma surrounding “Above 96th street?”

Manhattan neighborhoods are always evolving.  96th Street is an antiquated border that once denoted the northern boundary of the Upper East Side.  Central Park is just as lush and green above 96th Street as it is below, and the architecture is equally as impressive.  Both developers and savvy buyers recognize the value of having a Fifth Avenue address with direct park views, access to Central Park and presence along Museum Mile.  It is that opportunity that is driving the growth along Upper Fifth Avenue, the newest in a long line of well-known neighborhoods that have evolved such as the Upper West Side, Chelsea, SoHo, and the Meatpacking District – all neighborhoods that are now among the most coveted in New York City.

 

Why do you think there has been so much development activity on Upper Fifth in the last 2 years?

Pioneering developers have recognized the opportunity to tap into the natural beauty of Upper Fifth Avenue. The area is an extension of Museum Mile and has all the benefits of northern Central Park — which is perhaps its most exquisite section of all and includes the Harlem Meer.

 

What differentiates 1280 from the competition?

1280 Fifth Avenue is one of the best new ground-up new development projects to come to market over the past 5 years.  It is designed by one of the most renowned architects of our generation, Robert A.M. Stern, who is responsible for other iconic New York City buildings, including 15 Central Park West. With that pedigree, 1280 Fifth Avenue has no competition. The building offers direct park views, a wide variety of layouts and amenities including parking, 24-hour concierge service and a rooftop swimming pool, all at a price point that is not available anywhere else on Fifth Avenue. All of this, coupled with Central Park, offers an impressive list of qualities to buyers currently searching the Manhattan new development market for a unique place to call home.

 

Who is buying at 1280?

1280 Fifth Avenue is a luxury building which has attracted some of the most prominent names in business, the arts and medicine.  It is richly populated by highly successful individuals with the most discerning taste.

 

Photo: Nico Arellano

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88 Morningside is Now 80% Sold

January 5th, 2012 · Filed Under: 88 Morningside
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Halstead Property Development Marketing today announced that 80% of the units are now under contract at 88 Morningside, the fastest-selling new residential development in Harlem.

According to the developers, 50 new closings have been completed in the past four months at 88 Morningside.  Immediate occupancy is available on the 11 remaining one-bedroom, one-bathroom and one-bedroom, two-bathroom homes, which range in price from $355,000 – $575,000.

“Since its launch, 88 Morningside has been the fastest-selling new residential development in Harlem, and we continue to see great interest from the buying public,” said Stephen G. Kliegerman, president of Halstead Property Development Marketing. “Buyers are drawn to the development’s intelligent design, convenient location and long-term value, and we believe these features will lead to a quick completion of sales in 2012.”

Located on the corner of Morningside Avenue and West 122nd Street, 88 Morningside is a modern 12-story residential building the provides buyers with spectacular views of adjacent Morningside Park, as well as the Manhattan skyline.

According to Kliegerman, the sales success at 88 Morningside has been bolstered by the superb on-site sales team, led by Halstead Property Senior Vice President Felicia de Chabris, which was put in place at the launch of sales.

Residences at 88 Morningside feature distinctive charcoal maple wood floors, ample natural light and clean lines throughout. All homes offer abundant closet space, as well as a washer and dryer. The kitchens feature sleek white lacquer cabinetry and a modern appliance package including Delonghi gas range stove, Bosch microwave and dishwasher, and paneled Liebherr refrigerator.

Spa-like master baths feature white wall tile and white Corian sink surfaces offset by deep black Senza stone tile.  Other distinctive elements include a custom-made oak vanity, Artemide lighting, and a Duravit soaking tub or glass-enclosed shower with 10-inch rain showerhead.

Residents have access to a variety of amenities, including an on-site storage area, bike room, media lounge, virtual concierge and fitness center. The spacious roof terrace offers an outdoor kitchen area along with views of the peripheral Morningside Park and Manhattan skyline. The development is situated in a community offering a vibrant scene with numerous restaurants, lounges, shops and services.  The Studio Museum in Harlem, H&M, and Fairway are all within walking distance, and the nearby Harlem Piers leads to the beautiful Hudson River bike paths and Riverside Park.

For a full list of available units and floor plans,  visit: www.88Morningside.com.

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Extell Development Company Launches Sales for ONE57, New York City’s Newest Landmark!

January 5th, 2012 · Filed Under: ONE57 - West 57th Street
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Extell Development Company announces that sales have commenced for ONE57, a new 90-story glass tower designed by Pritzker-Prize-winning architect Christian de Portzamparc.  Slated to be the tallest residential tower in New York City, and located in the famed Plaza District between 6th and 7th avenues and across from Carnegie Hall, ONE57 West 57th Street will rise to over 1,000 feet above Midtown Manhattan.

ONE57, poised to become New York City’s next landmark, will feature 95 ultra-luxury condominium residences above a five-star Park Hyatt hotel. Envisioned by a team of world-class talent, this architectural masterpiece will provide residents with breathtaking, unobstructed views of Central Park to the North, the famed Manhattan skyline to the South, and both Hudson and East Rivers. The condominiums will begin on floor 39 and culminate on floor 90.

Christian de Portzamparc, whose credits include The City of Music in Paris and Hergé Museum in Louvain-la-Neuve, Belgium, designed the building’s striking modern glass exterior which creates an illusion of movement, like fluid glass ribbons. The curtain wall flows like a cascading waterfall to form the building’s entry canopies.

The interiors for the Park Hyatt-branded condominiums have been meticulously designed by New York-based Thomas Juul-Hansen. Juul-Hansen took inspiration from de Portzamparc’s exterior, creating discreetly opulent interiors with a nod to French modernists such as Jean Michel Frank. The expansive residences feature wide dimensions and soaring ceiling heights, along with numerous custom details and materials of the highest quality. ONE57 will offer The “Extell Choice” a unique value proposition allowing buyers to choose from a fine selection of finishes, design and layout packages to tailor homes to individual tastes. Purchasers may choose from a selection of hand-crafted kitchen cabinetry from Smallbone of Devizes, rich rosewood flooring in a French herringbone pattern or select rift sawn white oak, slabs of Italian marble and custom hardware and light fixtures.

Residential amenities include a 24-hour doorman and concierge, screening and performance space, on-site parking, triple-height indoor swimming pool and custom Jacuzzi, library, catering kitchen, function room, arts and crafts atelier room, private fitness center, yoga studio and pet wash room.

The Park Hyatt New York hotel will be a new flagship for the Park Hyatt brand, offering 210 guestrooms and Park Hyatt’s uniquely personalized service. ONE57 residents will have full access to Park Hyatt’s exclusive amenities and hotel services including 24-hour concierge, catering and room service, housekeeping service, dry cleaning and laundry service, ballroom access and deluxe spa services. The interiors for the Park Hyatt New York will be designed by award-winning interior design team Yabu Pushelberg.

“We have assembled the most talented architectural and design team in the world to create ONE57,” said Gary Barnett, President of Extell Development Company. “Extell is committed to delivering homes of the highest quality. I am confident that this building will be the finest development in New York City and a great addition to its famous skyline.”

The ONE57 Sales Gallery located at the historic Fuller Building at 41 East 57th Street and Madison Avenue has been designed to emulate the exquisite space and quality materials available within the 90-story mixed-use hotel and condominium tower. Residences are priced from $6.375 million. Occupancy is slated for 2013. For more information, visit www.one57.com.

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World-Renowned Artist Displays Work for the First Time outside a Museum or Art Gallery at The Centurion® Luxury Condominium

December 14th, 2011 · Filed Under: Centurion Condos - 33 West 56th Street
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Works by Finnish artist Antti Laitinen shown; recently displayed at the Royal Academy of Arts in London

Real estate professionals and art enthusiasts gathered at The Centurion® luxury condominium located at 33 West 56th Street recently for the opening of an exhibit by Finnish artist, Antti Laitinen. In his first exhibit outside of a museum or gallery, Laitinen’s cycle of art titled “It’s My Island” and “Bark Boat,” will be displayed until March 30, 2012 in one of the large residences at The Centurion.

The photographs and videos on display show the artist building his own island by filling bags with sand and dragging them into the Baltic Sea in “It’s My Island,” which was most recently displayed at the Royal Academy of Arts in London. In the other cycle, “Bark Boat,” Laitinen built a boat from tree bark and crossed the Baltic Sea. The opening exhibit event was fittingly held December 6th, which is Finland’s Independence Day.

The 19-story Centurion, a work of art in its own right, is the first condominium building in Manhattan with an I.M. Pei pedigree. Among Mr. Pei’s imaginative, graceful and refined works are the pyramid entrance to the Louvre in Paris, the Four Seasons Hotel in New York and the Bank of China building in Hong Kong.

The three-bedroom, 3.5 bath residence where the art is currently on display boasts 18-foot ceilings, and more than 2,000-square-feet. Apartment 15B is priced at $6,950,000. The property is now 70 percent sold and closed.

A full-service building, The Centurion offers amenities including a private exercise facility, a 24-hour attended garage, a doorman, resident superintendent and storage units for purchase. Residents will also only be steps away from superb dining, entertainment, hotels, museums, city landmarks and Central Park. The Centurion is at the center of Manhattan’s world-famous shopping corridor, Fifth Avenue.

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The Dillon introduces The Townhouses on West 53rd Street

December 6th, 2011 · Filed Under: The Dillon - 425 West 53rd Street
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One-of-a-kind homes offer the ultimate in Manhattan living: three stories, fenced backyards, and private pull-up parking…all with condominium services

 

The Dillon has officially launched The Townhouses on West 53rd Street, a collection of nine triplex homes with expansive layouts, private backyards, and 24 hour condominium amenities. Exceptionally rare in Manhattan, each Townhouse includes a private indoor pull-up parking space directly accessible through the lower level media room.

The New York-based design firm Haus Interior modeled Townhouse 413, a sprawling 2,771 square foot, 4 bedroom, 4.5 bath triplex with a lush and private yard priced at $4.15 million. Of the nine homes, one has already sold prior to completion and public launch.

 

The Townhouses were unveiled in November at a grand opening bash with HGTV and BMW of Manhattan. More than 300 guests turned out, as real estate professionals rubbed shoulders with designers and BMW customers. BMW staged the Townhouse parking area with their latest vehicles, including the 6 Series convertible, X6 and 7 Series sedan. Cameras were rolling all night for a new HGTV reality show called “Real Designing Women,” airing in 2012, which stars Haus Interior and focuses on their work at The Dillon.

Guests toured the newly completed amenities, also designed by Haus Interior. Dramatic and modern, the amenity spaces are inspired by The Dillon’s pleated glass façade and AIA award-winning architecture. The Resident’s Lounge, Private Dining Room with catering kitchen, Garden Plaza, Children’s Playroom, and Fitness Center are outfitted with a mix of contemporary and vintage furniture.

 

The Townhouses on West 53rd Street are priced from $3.165 million, including parking. Square footage ranges from 2,210 to 2,770 and ceiling heights soar up to 13 feet. Each home has expansive outdoor space. Owners can enter their homes from a private entry court, through the condominium lobby, or from their private parking space.

“The Dillon’s Townhouses are unique to the Manhattan market. They offer the space and privacy of townhouse living, coupled with the convenience of condo living,” says Louis Greco, Principal at SDS Procida who is developing the property. Greco continues, “We’ve already sold one pre-completion, and the interest level has been phenomenal since the model made its debut last week. I’m confident the rest will sell quickly.”

Townhouse design elements include wide-plank oak hardwood floors, custom staircases, and oversized windows. Kitchens are outfitted with white quartz countertops and top-of-the-line appliances by Miele, Liebherr and Marvel.

 

Enormous five fixture master baths have Thassos marble flooring and mosaic tile walls with undermounted MTI whirlpool tubs. No detail has been overlooked, down to the bedroom-level laundry rooms and thermostatically-controlled heat and air conditioning systems with perimeter high performance hot water baseboard heat.

The Dillon is now 60% sold and Fannie Mae approved, with a 421a tax abatement in place. 3 bedroom duplexes and penthouses are priced from $1.865 million, and only 3 studios remain, priced from $595,000. Corcoran Sunshine Marketing Group is the exclusive marketing and sales agent.

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