Search Results for: planned residential development

August 13, 2014

Live in the Plywood Version of Philip Johnson’s Glass House for $1.6M

Philip Johnson is best known for his use of glass, and his iconic Glass House in New Canaan, Connecticut, is without question his most famous work. But did you know that Johnson also dabbled in plywood construction? In fact, the architect designed several wood homes in the forestlands of Connecticut, including the Wiley Speculative House. The home was the first (and ultimately, only) of Johnson's "speculative houses" planned for a large scale residential development headed by the Wiley Development Corporation in 1954. Though built without a hitch, and despite Wiley's willingness to replicate the home for anyone, anywhere in Connecticut's Fairfield County, Wiley's hope for a Johnson-designed development flopped as nobody wanted to pay $45,000 to live in one of the houses. As a result, the Wiley Speculative House saw a somewhat sad fate and remained under the ownership of Wiley's trust until it was sold off a year later. Since then, the home has changed hands at least nine times, and now nearly 60 years later it's for grabs again, this time for $1.575 million.
More on the lesser-known Johnson house here
August 5, 2014

Real Estate Wire: Ismael Leyva’s Design for a High Line Condo; Bed-Stuy Real Estate is Red Hot

First look at the Ismael Leyva-designed, Related Companies-developed condominium planned for West 30th Street between Tenth and Eleventh Avenues, a site that overlooks the High Line Park. [Curbed] Jonathan Miller pinpoints two new records for NYC: The average sales price for NYC residential real estate (co-ops, condos and 1-3 family sales) reached a record $975,441 for 2Q 2014; […]

July 31, 2014

New Renderings of What Will Replace Graffiti Art Mecca 5Pointz Emerge

If you loved 5Pointz, grab a box of tissues because you aren't going to be happy with what's planned for the soon to be demolished building. NY YIMBY has gotten his hands on new renderings of what will replace the former art mecca, and unsurprisingly, the towers are as ho hum residential as they come. The new design is the work of New York-based HTO Architect, and once complete, will hold 1,000 apartments within two towers of 41 and 47 stories each.
More images this way
July 10, 2014

New York vs. London: A Real Estate Challenge on Both Sides of the Pond

While we're all still in the patriotic mood after the July 4th festivities, we thought it appropriate to put together a friendly little challenge between New York City and her cross-pond ally and sometimes rival, (what are the kids calling it these days, a frenemy?). In the left corner is NYC, global hub of finance and media, weighing in with a population of 8,405,837. And in the right corner we have London, the world's most-visited city, population 8,416,535. According to British real estate website Zoopla, the average price of a Central London home over the past year is £1.1 million or $2 million in U.S. dollars, topping the $1.6 million average selling price of residences in the core of Manhattan.
See how the cities battle it out in our three-round real-estate showdown
July 9, 2014

Real Estate Wire: A Bushwick Factory to Get New Life as Condos; A Peek Inside Norman Foster’s 425 Park Ave. Design

Our wrap-up of today’s real estate news highlights: Williamsburg-based development firm ASH NYC is planning to turn a longtime Bushwick glass factory into 80 apartments with ground floor commercial space. [Wyckoff Heights] Freddie and Fannie are warding off any “vultures” eyeing Stuy Town. The two mortgage giants say that they won’t provide funds to buyers who […]

June 24, 2014

Real Estate Wire: Bed Stuy Getting 50 New Condos; Brooklyn’s Tallest Building Killing It in Sales

We roundup today’s residential real estate news highlights for one digestible bite: Bed Stuy is getting a brand new 10-story mixed-use building complete with 50 apartments [Brownstoner] NYC gets a rent hike! Of 1%… The lowest ever recorded [New York Post] South Slope’s newest condo development just placed its units on the market. The cheapest […]

June 11, 2014

Chinese Property Company Taps Fortress Investment Group for $165M for the Oosten Williamsburg Condos

Back in 2012, Chinese company Xinyuan Real Estate Co. purchased a $54.2 million, 92,000-square-foot, Kent Ave. site in Williamsburg for its first development in the U.S. — which they said, of course, would be slated for a luxury condo building. Now it looks like their dev team is ready to kick it into high gear and Xinyuan has enlisted the help of Fortress Investment Group in the form of a $165 million loan. An interestingly enough, the project is the beautiful Oosten condo development designed by Dutch architect Piet Boon.
Details and Renderings of Xinyuan's development here