- Sales have launched at the Soori High Line condos. Three of the building’s 27 units are currently listed, and two of them have heated pools. The cheapest, pool-less unit is asking $3.7M; and the steepest, which comes with a 24-foot-long pool, is asking $10.995M. [Curbed]
- Rents in Crown Heights have jumped 17.5% in a year. [Brownstoner]
- Rent one of J Wasser & Co’s apartments in Williamsburg, Bushwick or Bed-Stuy and get the ultimate hipster ride free: A $100 ‘fixie’ bike. [DNA Info]
- Simon Dushinsky, of real estate investment firm Rabsky Group, has picked up a stake in a development located at the former site of Rheingold Beer’s brewing operations. A 1,000-unit residential project is slated for the Bushwick locale. [Crain’s]
- Thor Equities has closed on three commercial condominium units at 120 Greenwich Street at Albany Street for $31.1 million. [CO]
high line park
Whether or not you’re a fan of Zaha Hadid, or Neo-Futurism for that matter, if you’re believer that a building’s interior should be a seamless extension of its exterior (read: not New York by Gehry), you’ll appreciate Zaha’s efforts to turn her High Line project into a work worthy of architecture history books. One of the most (if not the most) talked about starchitect projects planned for the elevated park, plenty of full view renderings have surfaced since it was announced just over a year ago. But it looks like we’re finally getting a taste of what the inside could look like, courtesy of Curbed. Like its ultra-futuristic exteriors, Zaha’s luxurious condos will be just as sleek and spaceship-like as the outside, with undulating surfaces all throughout, and featuring many of the mind-boggling forms we’ve come to appreciate Ms. Hadid for.
Renderings for 515 High Line have been revealed, and it appears the Soo Chan-designed building will be quite the standout. The images, unearthed by NY YIMBY, reveal an 11-story structure with a few distinctive qualities to set it apart, even as the competition from surrounding developments, including Zaha Hadid’s West 28th street condo, grows steeper. The building has a simple base while the upper levels are defined by protruding slabs of glass that create a rippling effect. But the simple base, two sides of which will be facing the park, plans to be more than just a blank canvas. Taking the artistic nature of the High Line’s new buildings to the next step, 515 West 29th Street’s base will serve as an actual canvas, showcasing the work of up-and-coming artists.
As one of the forces behind Walker Tower, Stella Tower, and 111 West 57th Street (poised to be one of the tallest residential towers in all of Manhattan and prominently figure in the NYC skyline upon its completion in the summer of 2017), Property Markets Group is no stranger to successful residential developments. With well over three dozen projects throughout the city, the developer knows what works, and word on the street is they may be picking up the site at 548 West 22nd Street between 10th and 11th for the same price as its current owner, Kilian LLC, paid in 2007.
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.
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]