No matter how you say it there’s no denying the bright and airy appeal of this sun-filled home at 520 West 19th Street courtesy of floor-to-ceiling windows in just about every room and its very own 48-foot long landscaped terrace.
But if you’re looking to soak up your Vitamin D another way, you’re in luck because this Annabelle Selldorf-designed building is perfectly situated between the High Line and the 550 acre Hudson River Park. So whether you’re in the mood to stretch your legs, picnic, sail, kayak, or paddle-board, you’re covered.
See how sunny living here can be!
One lucky (European) buyer scooped up not one but two penthouses in Chelsea’s Walker Tower yesterday for $30.75 million, in what could easily be considered the real estate steal of the year.
Toni Haber of Douglas Elliman, who represented the buyer, told the Wall Street Journal that her client “got a really good deal”, as the two units went into contract back in 2012 before sales shot up. She notes her client paid a mere $5,000 a square foot, which is quite a deal considering that another penthouse in the building recently sold for $50.9 million, or about $8,500 a square foot.
The two penthouses sit at the 22nd floor of the Ralph Thomas Walker-designed Art Deco tower. Word is that buyer opted for the two unfinished units in the building, hired an architect, and worked to fuse the two units into one palatial full-floor apartment with four bedrooms and four full and two half bathrooms, with around 6,000 square feet of space. The apartment also has two terraces and sweeping city views that encompass One World Trade Center and the Statue of Liberty.
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]
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
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
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
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?
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
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