condos

condos, Midtown East, New Developments

Sony Building Penthouse Will Ask a Record-Breaking $150M

By Dana Schulz, Wed, February 18, 2015

Sony Tower, Philip Johnson, Chetrit Group, 550 Madison Avenue, AT&T Building

There’s a new priciest listing record in town, and it goes to the $150 million triplex penthouse at the Chetrit Group’s Sony Building condo conversion, according to The Real Deal. The 21,504-square-foot unit will occupy floors 33 through 35 of the 37-story tower at 550 Madison Avenue and have a private elevator, eight bedrooms, eight bathrooms, and ten powder rooms. If it gets what it’s asking for, it will break the record for the current highest condo sale, the $100 million penthouse that sold at One57 last month.

Check out the impressive Sony Tower floorplans here

Architecture, condos, Green Design, New Developments, Williamsburg

237 Devoe Street, James Cleary Architecture

A new residential building is going up on an East Williamsburg street that’s already an eclectic mix of modern buildings, single-family homes with vinyl siding, and classic tenement apartment buildings. Designed by James Cleary Architecture, 237 Devoe Street will add some creative environmental design to the mix, thanks to its signature element–a double-height solar shade, clad with reclaimed barn wood, that opens onto the street.

More details on the project

condos, East Village, New Developments

Mezritch Synagogue, anshei meseritz nyc, temples turned into condos

Mezritch Synagogue © LuciaM via Panoramio

At the turn of the century, the Lower East Side/East Village was home to 75 percent of the 2.5 million Ashkenazi Jews that immigrated to the U.S. They quickly established synagogues, many of which were “tenement synagogues,” aptly named because they were built on the narrow lots between tenements and served the mostly-impoverished people who lived in the surrounding, overcrowded buildings. Only one of these tenement synagogues is still in operation–the Congregation Meseritz Synagogue (or Anshei Meseritz) at 515 East 6th Street.

Narrowly saved from the wrecking ball in 2012, Meseritz is now undergoing a total overhaul. Real estate developer East River Partners is adding three luxury apartments, including an 11-foot-tall penthouse, to the top of the structure. Though the plan was initially contested by some neighbors and local community and preservation groups, the developer is undertaking a multimillion-dollar gut renovation of the ground floor, creating a new home out of which the congregation can worship.

More details ahead

condos, real estate trends

past and future real estate trends

We know very well that 2015 will see a huge influx of new super-luxury condo units, but what we didn’t know until now was that nearly half of these high-end homes set to hit the market are already in contract, making this year’s forecast widely overblown.

According to Crain’s, a new report from Halstead Property Development Marketing suggests that of the 6,500 new condo listings that have been projected for 2015, only about 3,500 will actually be available for sale in the next 11 months, as 3,000 of them are already taken.

Read more

condos, Lower East Side, New Developments

156-164 Delancey Street condo rendering

It looks like the home of Get Set, Happy Wok, Taj Gold, and Sneaktip will soon be no more. Bowery Boogie reports that Ashkenazy Investments, the owner of the commercial stretch, has just listed their site at 156-164 Delancey Street for $7.5 million. Ashkenazy purchased the property two years ago simply leasing the units out, but as one would expect, they’ve just been waiting for the right moment to make a flip. With this week’s reveal of the SHoP/Handel Architects/Beyer Blinder Belle/Dattner Architects-designed mega-development Essex Crossing just across the street, the timing couldn’t be better.

Find out more here

condos, Midtown West, New Developments, Starchitecture

Manhattan’s Tallest Condominium Tower, Manhattan’s Tallest residential tower, shop architects, JDS Development Group, Property Markets Group, world's slenderest building, world's skinniest building

That’s a lot of accolades for one building, but the SHoP Architects-designed tower at 111 West 57th Street is looking to sweep the supertall competition. Originally planned to rise 1,397 feet, the tower will now soar to 1,421 feet, surpassing 432 Park Avenue (the current tallest residential building in the Western Hemisphere) by 24 feet, according to city records uncovered by Crain’s. It will also retain its title as the world’s slenderest tower.

More details ahead

condos, Midtown East, New Developments

Sony Tower, Philip Johnson, Chetrit Group, 550 Madison Avenue, AT&T Building

Back in June, we learned that the Chetrit Group was planning to partially convert the Philip Johnson-designed Sony Tower at 550 Madison Avenue to high-end condos. And it has now been revealed that the 96 condo units will amount to a jaw-dropping $1.8 billion sellout, according to plans the developer filed with the Attorney General’s office. By comparison, the initial total sellout at One57 was $2 billion, and at 432 Park Avenue it was $2.4 billion.

More on the luxury conversion

Architecture, condos, Construction Update, New Developments, Starchitecture, Tribeca

56 Leonard, Herzog & de Meuron, Tribeca condos, Alexico Group, GHWA, WSP group, NYC skyscrapers, Manhattan skyline, Downtown, New York City construction

Esteemed architect and historian Robert A.M. Stern once said that “New York is a constellation of magic moments. No city as complex as New York rebuilds itself so often, and often so well.” Two stars are being born in that nebula of irregular streets we call Downtown. The taller of the two, 30 Park Place, is designed by the famed starchitect himself, and has recently surpassed its neighbor, the Woolworth Building, to soon take its place as the tallest residential perch in the district. The other star, 56 Leonard, may still shine brighter, however. While absent any height superlatives, 56 Leonard may very well end up being the most interesting skyscraper Downtown has produced in decades.

Nicknamed the “Jenga-building” and the “tower of penthouses,” 56 Leonard’s design comes from the Swiss architectural firm of Herzog & de Meuron while working with the residential know-it-alls at Goldstein Hill & West. Currently, the concrete frame is approximately 700 feet tall with little more than 100 feet to rise before topping off. The floors progressively stagger at varying configurations creating cantilevered interior spaces as well as outdoor balconies for each of the residences.

More details ahead

Chelsea, condos, Construction Update, New Developments, Starchitecture

Jardim, Isay Weinfeld, West Chelsea, High Line condos, New York starchitecture, Brazillian architecture

The construction boom in Chelsea along the High Line continues unabated with the start of another condo development penned by a highly acclaimed foreign architect. This latest condominium, dubbed “Jardim” (Portuguese for garden), comes from the office of visionary Brazilian architect Isay Weinfeld.

Developed by Harlan Berger’s Centaur Properties, Jardim’s site is situated at 525 West 25th Street between 10th and 11th Avenues–just a single starchitect’s lot away from the High Line. Construction at the currently muddy site has commenced, and we got a first-hand look at the progress.

More on the project here

Architecture, Chelsea, condos, New Developments

505 west 19th street

The area surrounding the High Line continues to serve as the city’s hotbed of avant-garde architecture, and Thomas Juul-Hansen’s 505w19 is the latest jewel to stud West Chelsea‘s verdant necklace.

The two-building project, whose 10-story volumes straddle either side of the High Line, will join the ranks of Foster’s 551W21, Selldorf’s 520 West Chelsea, and Shigeru Ban’s Metal Shutter House as a timeless, modern addition that contextually blends into the west side’s no-nonsense streetscape.

We recently got a peek at the construction of this 35-unit condo development, which is currently getting its skin–a dark-grey saw toothed façade with exposed concrete columns and slab edges.

Take a look at the progress here

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