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Chelsea, New Developments

510-514 West 24th, Michael Stern

In the last few days the streets surrounding the High Line in Chelsea have had their fair share of development speculation, with two major developers potentially scooping up sites on West 18th, West 19th and West 24th .

It is rumored the Related Companies may be willing to shell out a whopping $200 million — or $700 per buildable square foot —for the West 18th and West 19th parcels, both currently parking facilities.

But the jaw-dropping $800 per buildable square foot that Michael Stern, head of JDS Development Group, could be spending as part of a joint venture with Largo Investments on the two three-story buildings that now stand at 510-514 West 24th would be a record breaking sum. Recouping that $32 million investment would mostly likely necessitate fairly steep pricing for the finished apartments.

If the deals come to fruition, only time will tell if the appeal of the High Line will be strong enough to support such lofty sums, but the interest of two major development players certainly makes this a location to watch.

[Via Crain’s New York]

Major Developments, Manhattan

Has Governor Cuomo Found a Way to Fix Pier 40?

By Aisha Carter, Fri, May 16, 2014

Governor Andrew Cuomo has reached a tentative deal with developers that could save Pier 40, according to the New York Times. In the new deal, Governor Cuomo would transfer unused development rights to another site on West Side Highway in exchange for $100 million to repair Pier 40. Restoration would involve gradually demolishing St. John’s Terminal Building and replacing it with residential buildings and shops over a period of 10 years.

Learn more about Governor Cuomo’s deal to save Pier 40 here

Chelsea, Recent Sales, Starchitecture

100 Eleventh Avenue, 5D

When Jean Nouvel won the esteemed Pritzker Prize in 2008, the judges cited his “insatiable urge for creative experimentation.”  His design of residential building 100 Eleventh Avenue is no exception to the boundary-pushing modern architecture for which he is celebrated. Completed in 2010, the shimmering masterpiece has the most technologically advanced and highly engineered curtain wall systems in the city. Mr. Nouvel describes it as a “vision machine,” and considering its nearly 1,700 panes of glass — some up to 37-feet wide — each a different size and set a different angle, he is justified in doing so.

The 21-story LEED-certified condo building, has 72 units each with south- and west-facing views, floor-to-ceiling window walls, and mechanized shade systems. Every apartment has a unique arrangement of powder-coated steel window mullions, which form specific views related to the space’s location. Unit 5D, which recently sold for $3.8 million through a listing held by Douglas Elliman, looks west onto the High Line and has a spacious, elegant layout.

See the stunning interior this way

Architecture, Construction Update, Manhattan, Starchitecture

real estate, new york, 35xv, fxfowle, nyc luxury condos, chelsea,

East Chelsea’s stunning new landmark, the 35XV, is almost complete!

We recently stopped by the site to survey the work that’s been done over the past few months, and by the looks of things, 35 West 15th Street is just waiting for an outer-skin for its podium. Given the rapid progress that’s been made so far, we think it’s safe to say that we’ll be seeing the transformation very soon.

More photos of the progress that’s been made

Featured Story

Architecture, Features, Starchitecture

NYC Condos Designed by Pritzker Prize Winners

By Diane Pham, Thu, May 1, 2014

Condos designed by pritzker prize winning architects, NYC Condos designed by pritzker prize winning architects, NYC Condos, Famous NYC condos, NYC starchitecture, nyc pritzker prize buildings, im pei, shigeru ban, phillip johnson, herzog & de mueron, phillip johnson, richard meier, jean nouvel, norman foster, on prospect park, urban glass house, the metropolitan, 100 eleventh avenue, metal shutter house, 40 mercer street, the centurion, 40 bond, 173 perry street, 176 perry street, 165 charles street

The Pritzker Architecture Prize is architecture’s most acclaimed honor. Since 1979, the award has been given away annually to honor one living architect whose built work demonstrates consistent and significant contributions to humanity and the built environment. New York City is home to structures built by 12 of the 36 past winners — ranging from Philip Johnson to I.M. Pei to this year’s winner, Shigeru Ban — and currently holds 14 residential examples of their work. One other fascinating tidbit is that condos designed by Pritzker Prize winning architects are selling on average a whopping 44% higher (price/square foot) than those their respective neighborhoods, and 47.5% higher than the Manhattan market average. But are they worth the money? Learn more about them all ahead.

Are these Pritzker Laureate-designed condos worth their markup?

Architecture, Celebrities

NYC real estate, NYC architecture, Walker Tower, Walker Tower conversion, former verizon building nyc conversion, nyc renovations, cameron diaz walker tower, nyc luxury condos

One of our intrepid reports stopped by the Walker Tower earlier today to check out how things are coming along at the 212 West 18th Street landmark. The tower — which has drawn buyers ranging from Cameron Diaz to Mike Thorne (that guy who discovered the Sex Pistols) — had its scaffolding removed just seven months ago and has already set new sales records for Downtown Manhattan (this includes an impressive $50.9 million deal for the 6,000-square-foot 5BR/5.5BA penthouse).

The conversion of the former Verizon building into luxury condos has been underway since 2011, but word is that construction on the interior will be wrapped up in the coming weeks. Let’s take a look at what’s been completed so far.

More photos here

Architecture

Shigeru ban, Shigeru ban pritzker prize winner, 2014 pritzker prize winner, pritzker prize winning architects, award winning architects, 2014 pritzker prize laureate

Just moments ago, Japanese architect Shigeru Ban was announced at the 2014 Pritzker Architecture Prize Laureate. The 56-year old architect, who has offices in Tokyo, Paris, and NYC, is known for his elegant and innovative applications of unconventional materials such as paper and corrugated plastic in his structures, for both private international clients and in disaster relief efforts. Jump ahead to see some of his best works, including the Metal Shutter Houses, located right here in NYC.

More Shigeru here

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