Extell

Architecture, Major Developments, New Developments, Starchitecture, Upper West Side 

Riverside Center, Extell, Silverstein Properties, Manhattan's West Side, NYC Development, Elad, Upper West Side

L to R: Building 1, Building 2 (21 West End Avenue), Building 3, Building 4, Building 5 (1 West End Avenue)

The final appearance of Christian de Portzamparc’s Riverside Center master plan is coming into full view. A bevy of images depicting three never-before-seen crystalline towers have been released by Goldstein Hill & West Architects, giving us a more complete look at what the two-block site will ultimately look like circa 2018.

The city-approved plan will ultimately hold three acres of open space and five mixed-use buildings containing approximately 2,500 condo and rental units, a public school, a hotel, a movie theater and an auto showroom.

More details ahead

Real Estate Wire

Zeckendorf Development Co, 520 park avenue
  • Extell’s Gary Barnett predicts a small dip in the luxury market. [Crain’s]
  • What’s the value of a Central Park view? [Curbed]
  • A peek inside One57’s model home. [TRD]
  • Brooklyn borough president Eric Adams wants to revive an affordable housing development on a 30-acre piece of land known as the Broadway Triangle. [Brownstoner]
  • The New York City flood zones contain 84,000 properties valued at a total of $129 billion. [TRD]

The $130M penthouse at 520 Park Ave. (left); The Central Park view from One57 (right)

Real Estate Wire

the crossing tower at jfk airtrain
  • Someone is building a luxury residential building next to the AirTrain station. The Crossing, as it’s called, will host 580 units with roof terraces and a 24-hour doorman among other amenities. [DNA Info]
  • “No Picket Fence”. New Yorkers in their 20s and 30s are increasingly looking for appealing rentals as opposed to buying, and developers are responding. [NYT]
  • Extell will pay $24.7 million to the Park Avenue Christian Church for their air rights in order to bring a new residential tower at the site of the church’s parish. [TRD]
  • Here’s a colorful plan to turn the Coignet Building neighboring the Gowanus Whole Foods into an opera house. [Curbed]

The Crossing sited along the AirTrain (left); Outdated white picket fence dreams (right)

Real Estate Wire

sex and the city house, carrie bradshaws house, sarah jessic parker sex and the city
  • Extell’s Gary Barnet shares how he scored the F.M. Ring’s prized Midtown South portfolio. Highlights include how he outmaneuvered the hostile sellers and competing offers. [TRD]
  • The price tag on this Richard Meier penthouse has been upped to $40M from $35M. [Curbed]
  • Sarah Jessica Parker has riled the owners of Carrie Bradshaw’s West Village townhouse after an unauthorized photo shoot for her new shoe line. Perry Street residents are fed up with all the foot traffic their property has gotten after being featured in the show. [NYP]
  • And if you want to annoy more real-life owners of NYC homes, here’s a map of where TV’s most famous characters live. [TRD]

Images: The ‘Sex And The City’ brownstone on Perry Street (left); Meier penthouse (right)

Real Estate Wire

466 Eleventh Avenue
  • The 10 biggest real estate projects coming to the city. [TRD]
  • Video views from the top of 432 Park Avenue, which tops out tomorrow. [NYT]
  • Leasing starts at Naftali’s the Arthur, a luxurious prewar rental building located at 245 West 25th Street. [CityRealty]
  • A 10-story parking garage will close along Fulton Street to make way for a new rental building called ‘Exhibit’. [Curbed]
  • Is Extell working on a new tower? The developer is in talks with Calvary Baptist Church to acquire the church site at 123-141 West 57th Street. [TRD]
  • 25 years after purchasing a Downtown Brooklyn site, Forest City Ratner is selling it for $185M or looking for a partner to help them develop it into a residential building. [Crain’s]

466 Eleventh Avenue, one of the city’s biggest projects (left); 432 Park Ave (right)

Central Park South, Major Developments, Midtown West, New Developments

Nordstrom Tower

Back in July, we learned that Extell’s Nordstrom Tower will rise 1,775 feet–just one foot shorter than One World Trade Center, making it the tallest residential building in the world. Now, New York YIMBY has released renderings of how the 92-story supertall will look against the rest of the skyline. Though official images from Extell haven’t been released, these preliminary sneak peeks are pretty impressive.

More on the new development here

Real Estate Wire

The Helmsley Building New York 230 Park Avenue, The Helmsley Building New York, 230 Park Avenue
  • The Commercial Observer interviews Gary Barnett of Extell. The developer discusses everything from his aggressive development stance to the “poor door” controversy that’s gotten everyone all riled up. [CO]
  • An epic tale of murder at 31 Bond Street—the site of new condos coming to the NoHo market. [NYT]
  • The “Gossip Girl Penthouse” at 1136 Fifth Avenue sold for $35M, $5M above asking. [TRD]
  • The Upper East Side is cooler than Brooklyn, according to an Upper East Side resident. [The Daily Beast]
  • Related Companies is turning Carnegie Park at 200 East 94th Street into a condo building. The move is right in line with the trend of converting rentals into highly profitable luxury condos. [NYDN]
  • Owners of the landmarked The Helmsley Building at 230 Park Avenue may place the office tower on the market for $1.5 billion. [Crain’s]

The Helmsley (left). Image via Monday Properties; Carnegie Park (right)

Featured Story

Features, Major Developments, New Developments, real estate trends, Starchitecture

the plaza hotel entrance, the plaza hotel curb

Great neighborhood? Check. Great apartment? Check. Curb appeal?

Killer first impressions can be long lasting — and whether it’s a newly advertised flavor of Ben & Jerry’s, an ad for Tory Burch’s latest shoe collection —or finding new digs, “love at first sight” spot-on marketing moments play a sizeable role in how we make our decisions.

Industry experts note that a large percentage of a house hunter’s decision to explore a property further than the curb is based the project’s “wow” factor. Truth is, it sets the “perception” stage of what’s to come beyond a grand entrance or swanky lobby that was designed to provide a sense of arrival and belonging. Obviously, at the end of the day, a building’s outside will only persuade potential buyers to see more, and first impressions can vary from one individual to the next, but the “I was meant to live here” moment is fairly universal.

How a building’s design tugs at your desire to ‘be someone’

Real Estate Wire

long island city pepsi sign, long island city, pepsi sign
  • Tour the new Long Island City residential building that sits behind the Pepsi sign. [Curbed]
  • Extell is bringing a 52-story, 710,907-square-foot residential building to 41st Street and 5th Avenue. The company spent $16.46M on the development and to acquire the air rights from nearby St. Raphael’s Church. [CO]
  • Spending on NYC residential construction has jumped 50-percent, but the units yielded will be fewer than previous years. The reason? Dollars are being poured into building luxury properties designed for wealthy residents or investors. [Crain’s]
  • A profile of the six Chinese real estate titans snatching up properties in the city. [TRD]

real estate trends, Transportation

sas, nyc sas, second avenue subway, second avenue subway 2014, SAS 2014, mta, nyc subway construction

Plans for a Second Avenue subway have been on the drawing boards since flapper dresses were all the rage. But not until now has this pipeline dream started to take shape.

One of the hottest discussions among the locals is undoubtedly the new line, and according to the MTA, 65 percent of Phase I is now complete. When it debuts in December 2016, it is slated to carry 200,000 straphangers, which in turn will reduce overcrowding on the Lexington Avenue Line by as much as 13 percent (that’s 23,500 fewer passengers on an average weekday). Phase II will extend the line from 96th to 125th Street, and the MTA just announced that $1.5 billion (only a third of the total estimated cost) is now set aside with the hope that the federal government will chip in, too. But those who wonder when the 8.5-mile stretch of tracks (125th Street to Hanover Square), you’d better hold onto your hat—it’s 2029! Though this is still 15 years away, that hasn’t stopped the prices of properties flanking the SAS from riding high in anticipation.

Why buyers are looking at construction workers starry-eyed

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