Real Estate Trends

New renderings revealed for the 1,646-foot tower that may rise next to Grand Central

175 Park Avenue, looking northeast. Rendering by Ekoomedia, Inc. / Courtesy of Skidmore, Owings & Merrill

May 18, 2021

New renderings revealed for the 1,646-foot tower that may rise next to Grand Central

In February, we got our first look at the 1,646-foot tower proposed for the Grand Hyatt site next to Grand Central. Designed by Skidmore, Owings & Merrill (SOM), the sustainable mixed-use building would rise 83 stories and become the second-tallest tower in NYC behind One World Trade Center. Though 175 Park Avenue takes advantage of the Midtown East Rezoning, developers RXR Realty and TF Cornerstone are still seeking several special zoning permits, including those for hotel use and added height in exchange for transit and infrastructure improvements. To obtain these variances, the project has now entered the city's Uniform Land Use Review Process (ULURP), and with it, has revealed several new renderings.
All the details here

60 Wall Street revamp swaps out postmodern atrium for a skylight and massive 100-foot green wall

New atrium proposed for 60 Wall Street; Conceptual renderings courtesy of Paramount Group

May 18, 2021

60 Wall Street revamp swaps out postmodern atrium for a skylight and massive 100-foot green wall

By Devin Gannon

The eccentric 1980s atrium at the Financial District office tower 60 Wall Street is getting a 21st-century makeover. As part of a major renovation, owner Paramount Group is ditching the indoor palm trees and man-made rock displays and creating a public space they feel is more attractive in a post-pandemic era. With designs from Kohn Pedersen Fox, the updated atrium of the 47-story tower will boast a new skylight and a 100-foot-tall, block-long interior green wall.
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Real Estate Trends

Brooklyn’s tallest tower unveils highest infinity pool in the Western Hemisphere

Photo by Evan Joseph

May 17, 2021

Brooklyn’s tallest tower unveils highest infinity pool in the Western Hemisphere

After several years of rendering-peeping, we finally have the full reveal of Brooklyn Point's rooftop infinity pool, situated 680 feet above the ground. This makes it the highest such pool in the Western Hemisphere, surpassing the famous Marina Bay Sands Hotel pool in Singapore. The condo tower from Extell also has the distinction of being the borough's tallest tower and offers other amazing amenities such as a stargazing observatory, 65-foot indoor saltwater swimming pool, a rock-climbing wall, and a squash/basketball court.
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Jersey City’s Harborside complex reveals waterfront outdoor space and perks like Smorgasburg

All images courtesy of Mack-Cali, unless otherwise noted

May 10, 2021

Jersey City’s Harborside complex reveals waterfront outdoor space and perks like Smorgasburg

By Devin Gannon

Jersey City's office complex Harborside hopes to appeal to tenants post-pandemic by offering a number of health and wellness amenities, part of a nearly complete renovation. Developer of the waterfront site Mack-Cali on Monday unveiled the latest phase of the Harborside campus makeover, highlighting new public spaces, upcoming cultural events, and the launch of Smorgasburg's first-ever New Jersey location.
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Real Estate Trends

New condo 2505 Broadway adapts pre-war elegance for modern Upper West Side living

All renderings by MOSO Studio

May 10, 2021

New condo 2505 Broadway adapts pre-war elegance for modern Upper West Side living

Long known as a family neighborhood rooted in its pre-war history, the Upper West Side has found a new life in recent years, attracting young professionals and a commercial boom that's brought countless downtown restaurants uptown. And, of course, along with this transition comes a reimaging of the residential market. Take for example the 44-unit condo at 2505 Broadway. It was designed by Eran Chen and the architects at ODA in their signature modular style, but it retains the classic sophistication the neighborhood is known for. The residences are refined yet modern, and there is an array of forward-looking amenities such as a state-of-the-art gym with adjacent flexible space used as a sports court or movie theater, a pet spa, and an outdoor terrace overlooking the Hudson River.
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In the heart of the Jersey City Heights, this luxury condo offers modern homes with NYC views

May 5, 2021

In the heart of the Jersey City Heights, this luxury condo offers modern homes with NYC views

The Heights section of Jersey City is perhaps the best-kept secret among New Yorkers. Its real estate hasn't yet reached the prices of downtown, but it's full of beautiful blocks with skyline views, hip new restaurants, and tons of green space. The Beckford is a new condo in the neighborhood that offers all this and more. Located right on Central Avenue, it has sleek urban luxury condos, along with a backyard and a shared roof deck with a BBQ grill and those NYC views. Currently, there are three two-bed, two-bath units on the market for $495,000.
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Landmarks approves scaled-down South Street Seaport mixed-use project

The approved design. All renderings courtesy of Skidmore, Owings & Merrill / Howard Hughes Corporation

May 5, 2021

Landmarks approves scaled-down South Street Seaport mixed-use project

By Devin Gannon

The Landmarks Preservation Commission on Tuesday voted to approve plans for a debated mixed-use project and a new museum in the South Street Seaport. The Howard Hughes Corporation presented a revised proposal for 250 Water Street that includes one 324-foot tower to be built on a parking lot instead of the two 470-foot structures originally proposed in January. The project also involves constructing a new building for the South Street Seaport Museum at 89 South Street.
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Luxury Jersey City rental The Beach has tons of outdoor space overlooking the skyline

May 3, 2021

Luxury Jersey City rental The Beach has tons of outdoor space overlooking the skyline

Developer LeFrak began work on Newport, the 600-acre planned community on the Jersey City waterfront, in 1986, and today they're launching leasing at a new luxury rental within the neighborhood. The Beach is a 336-unit project that not only offers residences with views of the entire Manhattan skyline, but has several outdoor spaces including a landscaped waterfront courtyard with grilling stations and fire pits, an outdoor pool and sun deck overlooking Hudson Yards, and a sixth-floor roof deck with multiple seating areas. In addition, The Beach is located right next to Newport Green, the neighborhood’s four-acre park and playground complete with a sandy beach.
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Leasing launches at Long Island City’s latest waterfront rental, from $2,900/month

All images courtesy of TF Cornerstone

April 28, 2021

Leasing launches at Long Island City’s latest waterfront rental, from $2,900/month

By Devin Gannon

One of the latest residential towers to rise on the Long Island City waterfront has officially kicked off leasing for its 200 market-rate apartments. Developed by TF Cornerstone as part of the redevelopment of Hunter's Point South, 5241 Center Boulevard is one half of a two-building project designed by ODA, with SLCE as the architect of record. One- and two-bedroom apartments start at roughly $2,900/month and $3,525/month, respectively, with concessions included, according to current availability.
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$3.9M penthouse sold at NJ’s tallest tower sets record in Jersey City

Photos courtesy of COA 99 Hudson, LLC

April 23, 2021

$3.9M penthouse sold at NJ’s tallest tower sets record in Jersey City

By Devin Gannon

A penthouse at New Jersey's tallest residential building has sold for $3.9 million, setting a record for the priciest condo closing in Jersey City's history. As CityRealty reported, the 2,473-square-foot home sits on the 75th floor of 99 Hudson, an 889-foot-tall tower designed by Perkins Eastman and located on the waterfront.
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Popular Articles

New details for 100% affordable housing complex planned for historic hospital site in Brooklyn

View west from Skillman Avenue; All images courtesy of Architecture Outfit/Magnusson Architecture and Planning

April 22, 2021

New details for 100% affordable housing complex planned for historic hospital site in Brooklyn

By Devin Gannon

New details and images of an affordable housing development planned for the site of an abandoned hospital in Brooklyn were released earlier this month, ahead of the project's expected public review. During an April 13 meeting, Hudson Companies and St. Nicks Alliance presented Brooklyn Community Board 1 with an updated proposal for Cooper Park Commons, a four-building 100 percent affordable complex that will be built at the long-vacant Greenpoint Hospital site at 288 Jackson Street in East Williamsburg.
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Plans revealed for 13-acre tech and medicine hub with 1,500+ apartments in Jersey City

All renderings by Ennead Architects

April 20, 2021

Plans revealed for 13-acre tech and medicine hub with 1,500+ apartments in Jersey City

In recent years, the downtown Jersey City skyline has expanded in ways no one could have imagined 20 years ago. And a new mega-development is planned for an area previously untouched, just west of Liberty State Park and the Liberty Landing Marina. Known as The Cove JC, the 13-acre, mixed-use project is envisioned as a global hub for life science, tech, and medicine. It will be comprised of 1.4 million square feet of lab/tech office space and 1.6 million square feet of residences, along with a waterfront park.
More info and renderings here

Bette Midler sells palatial Upper East Side penthouse last listed for $50M

Photo from a previous listing, courtesy of Brown Harris Stevens

April 19, 2021

Bette Midler sells palatial Upper East Side penthouse last listed for $50M

By Devin Gannon

Bette Midler has sold her massive Upper East Side penthouse, which was last listed for $50 million. The entertainer and her husband, Martin von Haselberg, first bought the 14-room triplex at 1125 Fifth Avenue in the late 1990s, according to the Wall Street Journal, which first reported the sale. Taking up the top three levels of the Emery Roth-designed co-op, the residence measures 7,000 square feet with an additional 3,000 square feet of outdoor terraces.
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Super Bowl champ Rob Gronkowski snags a $7M condo at 35 Hudson Yards

Photo of 35 Hudson Yards by Timothy Schenck for Related-Oxford

April 14, 2021

Super Bowl champ Rob Gronkowski snags a $7M condo at 35 Hudson Yards

By Devin Gannon

Tampa Bay Buccaneers tight end Rob Gronkowski has scored a new home. As first reported by the New York Post, the Super Bowl champion bought a $7 million three-bedroom, three-and-a-half-bath luxury apartment at 35 Hudson Yards, the tallest building in the mega-development. Gronk's friend/teammate Tom Brady also owns a home in New York City, a pied-a-terre at 70 Vestry Street in Tribeca.
Details here

New details for ODA’s curvy condo tower on the Lower East Side

All images courtesy of ODA New York

April 13, 2021

New details for ODA’s curvy condo tower on the Lower East Side

By Devin Gannon

In preparation for a spring sales launch, new details and a teaser website for the 12-floor residential building at 208 Delancey Street on the Lower East Side have been revealed. As first spotted by New York Yimby, fresh renderings of the ODA New York-designed project show a bright lobby with a natural color scheme and an impressive rooftop terrace with plantings and multi-use areas. In total, the building measures 85,000 square feet and contains 85 units, including two ground-floor townhouses.
Details here

Why now is the right time to move to New York City

Photo by Valentin Wechsler on Unsplash

April 12, 2021

Why now is the right time to move to New York City

By Karen Zabarsky

In November 2020, Heather White decided it was time to move to Brooklyn and open her gym’s second location there. She founded Trillfit, a runaway fitness sensation, in Boston and was ready to expand. People in her life told her New York is not the place to be right now. Her response: New York is always the place. "When everybody goes left, we go right." It’s the best-kept secret among New Yorkers—now is the time to move to New York City.
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Condo sales relaunch at 200 Amsterdam after court delays

Rendering courtesy of Binyan Studios

April 8, 2021

Condo sales relaunch at 200 Amsterdam after court delays

By Devin Gannon

Sales have resumed at 200 Amsterdam Avenue, the 52-story Upper West Side tower that has faced a series of legal challenges since 2017. Developed in partnership by SJP Properties and Mitsui Fudosan, the building is 668 feet tall, the tallest in the neighborhood. The tower nearly lost that superlative after a judge in February 2020 ruled that as many as 20 floors may have to be chopped from the building for violating zoning rules. But last month, the New York State Appellate Court reversed that decision and declared the developer's permit valid.
Details here

$950M South Bronx development Bankside set to open first residential tower this year

Renderings courtesy of ArX Solutions

March 31, 2021

$950M South Bronx development Bankside set to open first residential tower this year

By Devin Gannon

The most expensive private development in the Bronx continues to progress. Brookfield Properties announced this month that the final tower at the phase one site of Bankside, a seven-tower waterfront complex in Mott Haven, has topped out. The $950 million mixed-use project takes up two parcels on either side of the Third Avenue Bridge on the Harlem River. Third at Bankside, located at 2401 Third Avenue, has officially topped out and developers have broken ground at Lincoln at Bankside, located at 101 Lincoln Avenue.
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What will post-pandemic real estate look like in NYC? Experts weigh in

Photo by Clay LeConey on Unsplash

March 29, 2021

What will post-pandemic real estate look like in NYC? Experts weigh in

A year ago, there was so much uncertainty surrounding the pandemic and politics, which made real estate somewhat of a gamble, at least in hard-hit New York City. When it came to the headlines, it seemed all anyone could talk about was the mass exodus from the city. Home prices were soaring in the surrounding suburbs, with stories of lines around the block for open houses and bidding wars. But in the city, vacancies were at an unprecedented high. A year later, though, and a quarter of New Yorkers are vaccinated, and we're starting to see "normal" life resurface. To understand how the residential real estate market is rebounding, we spoke to experts in the field, including brokers, developers, and data gurus, to get their thoughts on timing, prices, the luxury market, surrounding suburbs, and more.
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Real Estate Trends

Plan for massive towers and public beach in Williamsburg moves ahead with new looks

All renderings courtesy of James Corner Field Operations and BIG- Bjarke Ingels Group

March 18, 2021

Plan for massive towers and public beach in Williamsburg moves ahead with new looks

By Devin Gannon

The proposal to construct two mixed-use skyscrapers and a public beach on the North Brooklyn waterfront is moving forward, although with an updated design, timeline, and name. As first reported by Brooklyn Paper, Two Trees Management is preparing to start the city's uniform land use review procedure (ULURP) in the coming weeks for its project "River Ring," which includes two huge towers designed by Bjarke Ingels with more than 1,000 units of housing, a YMCA, and an environmentally-conscious park with a cove and beach.
Details this way

New Hell’s Kitchen condo has an 8,000-square-foot elevated park and a Target

All renderings by VISUALHOUSE

March 16, 2021

New Hell’s Kitchen condo has an 8,000-square-foot elevated park and a Target

Occupying the full block of 10th Avenue between West 44th and 45th Streets, the new 92-unit condo Bloom on Forty Fifth at 500 West 45th Street has officially launched sales. Designed by Marvel, the eight-story building is in keeping with Hell's Kitchen's lower scale, but the geometric architecture mixing glass, concrete, and steel is modern and fresh. The most unique aspect of the residence its 8,000-square-foot elevated terrace between the north and south towers, and, very conveniently, there's a Target in the base. Units start at $750,000 for studios, $892,500 for one-bedrooms, $1,695,750 for two-bedrooms, and $2,875,000 for three bedrooms.
Find out more here

Soaring terraces and a hotel-like feel are on offer at new Upper East Side condo The Leyton

All renderings courtesy of Binyan Studios

March 15, 2021

Soaring terraces and a hotel-like feel are on offer at new Upper East Side condo The Leyton

By Devin Gannon

Sales have launched at a new condo tower on the Upper East Side that offers large, light-filled residences and hotel-inspired amenities. The Leyton, located at 1059 Third Avenue in the Lenox Hill neighborhood, contains 38 luxury homes, priced from $2.1 million for a one-bedroom to $11.6 million for a four-bedroom, along with a duplex penthouse with the price available upon request. Designed by former Rafael Viñoly architect Manuel Glas, the glass and stone tower features an Art Deco-inspired exterior with chic interiors from Frampton Co and distinctive amenity space by Champalimaud Design.
Details here

Affordable, no-fee luxury rentals in Midtown West

All photos courtesy of the Gotham Organization

March 9, 2021

Affordable, no-fee luxury rentals in Midtown West

By Devin Gannon

With its rooftop garden and courtyard, luxury residences, and prime Hell's Kitchen location, Gotham West ticks off all the boxes. What makes the four-building complex truly stand out against other amenity-rich developments, other than its proximity to both Hudson River Park and the culinary darlings of the neighborhood, is its affordable housing. When it opened in 2013, Gotham West was the largest affordable project by a private developer at the time, with about 55 percent of the units restricted by income. Today, applications are being accepted for its no-fee rentals, ranging from studios to three-bedrooms, which are designated for middle-income New Yorkers earning up to 135 percent and 165 percent of the area median income (AMI).
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Affordable units and height slashed at proposed Brooklyn Botanic Garden-bordering towers

Rendering: NYC Department of City Planning

February 24, 2021

Affordable units and height slashed at proposed Brooklyn Botanic Garden-bordering towers

By Devin Gannon

The developers behind a controversial proposal to build a pair of high-rise towers in Crown Heights next to the Brooklyn Botanic Garden have put forth a revised plan that would slash the building height and the number of affordable units offered. As first reported by The City, Continuum Company and Lincoln Equities launched a new project website that describes a 17-story residential building at 960 Franklin Avenue as an alternative to the 34-story project currently under review by the city.
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$5.49M condo with private infinity pool is Jersey City’s most expensive penthouse ever listed

All images by DVORA, courtesy of Modern Spaces

February 23, 2021

$5.49M condo with private infinity pool is Jersey City’s most expensive penthouse ever listed

By Devin Gannon

A condo in Jersey City has hit the market for $5.488 million, becoming the most expensive penthouse ever listed in the city. The Villa at the Oakman Condominiums at 160 First Street has four bedrooms, four and a half baths, and an incredible split-level outdoor terrace that measures 2,300 square feet and boasts a private heated infinity pool. Completed in 2016, Oakman rises 15 stories, contains 159 units, and is located just a few blocks from the Grove Street PATH station, making for an easy commute to Manhattan.
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