One Manhattan Square

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Architecture, building of the year, Features, New Developments

Announcing 6sqft’s 2017 Building of the Year!

By Emily Nonko, Tue, December 12, 2017

one manhattan square, building of the year, 6sqft building of the year

The votes have been tallied, and so it’s time to name the 2017 Building of the Year! The winning title belongs to no other than One Manhattan Square, the Lower East Side meets Chinatown skyscraper that will be home to NYC’s largest outdoor private garden when it opens next year. The 800-foot-tall tower beat out 11 other significant NYC buildings in a competitive two-week competition held by 6sqft. Out of 3,782 votes cast, the Extell-developed, Adamson Associates-designed structure took first place with 959 votes or 25.35% of the total.

More on this year’s winner!

Featured Story

building of the year, Features

Last day to vote for 6sqft’s 2017 Building of the Year!

By Emily Nonko, Mon, December 11, 2017

This year was all about new development redefining the New York City skyline. Construction moved along at a rapid pace, whether it be the topping out of Richard Meier’s tower at 685 First Avenue or foundational work kicking off at Brooklyn’s first supertall 9 Dekalb. In the next several years we’ll see these buildings open and show off apartments at sky-high prices, but for now, we get to enjoy the construction process on some of the most notable new architecture to come to New York.

We’ve narrowed down a list of 12 news-making residential structures for the year. Which do you think deserves 6sqft’s title of 2017 Building of the Year? To have your say, polls for our third annual competition will be open up until midnight on Monday, December 11th and we will announce the winner on Tuesday, December 12th.

VOTE HERE! And learn more about the choices.

CityRealty, infographic, real estate trends

New development visualized through 2020, via CityRealty

According to CityRealty’s 2017 Manhattan New Development Report, things are really going to heat up over the next few years. While new development sales dropped to $8.3 billion in 2017 from $9.4 billion in 2016 (attributed to a softening in the luxury market), there are a number of new big-time buildings that will commence closings and have the potential to drive total sales up to a whopping $11.9 billion by 2020. One key player is Extell Development’s One Manhattan Square on the Lower East Side. With 815 apartments, it will be the largest condo by unit count ever constructed in the city. And up on Billionaires’ Row, Extell’s Central Park Tower will have the city’s biggest sell-out ever at $4 billion, while Vornado’s 220 Central Park South is looking to set the record for highest price per square foot ever in NYC.

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Chinatown, condos, Lower East Side, New Developments

Living in any of One Manhattan Square‘s 815 units is a pretty extravagant opportunity; the 800-foot Two Bridges tower will boast more than 100,000 square feet of over-the-top indoor and outdoor amenities, ranging from a tree house with fire pits and stargazing observatory to a 70-seat movie theater and bowling alley. But those 25 condos on the upper floors will be afforded an even more luxurious lifestyle, with “limitless bird’s eyes vistas” of the skyline, Brooklyn, New York harbor, and the East and Hudson Rivers. According to a press release from developer Extell announcing this Skyscape Collection, the deluxe residences are mainly three-bedroom homes, along with the building’s five five-bedroom penthouses, two of which are duplexes (one of these already sold for $13 million).

Find out more right here

condos, Green Design, Landscape Architecture, Lower East Side, New Developments, Video

Adding to its unique character, Extell’s One Manhattan Square will soon be home to NYC’s largest outdoor private garden, detailed in a new video released today by the developer. The proposal, designed by urban planning and landscape architecture firm West 8, includes more than an acre of garden space for residents to both work and socialize, boasting indoor and outdoor grilling spaces, ping-pong tables, a putting green, children’s playground, adult tree house, tea pavilion, and an observatory made for stargazing.

Watch the video here

Chinatown, condos, Construction Update, Lower East Side, New Developments

Despite the rapid influx of new development that’s popping up in the controversial Two Bridges area, the Chinatown-meets-Lower East Side neighborhood’s first project, One Manhattan Square, still reigns as the tallest. In fact, when it reaches its full 823-foot height, Extell’s 80-story condo at 252 South Street will have the highest rooftop between downtown and Midtown Manhattan. Now that sales have commencedCityRealty paid the construction site a visit, noticing that the double-slab tower is already more than 30 stories tall and has begun to receive its reflective glass skin.

More views ahead

Featured Story

Features, Lower East Side, real estate trends

Images via Extell and Google Maps

The construction of Extell’s high-rise condo development at the foot of the Manhattan Bridge is now well underway. When complete, 250 South Street (formerly 227 Cherry Street) will rise more than 80 stories above the East River and be home to just under 800 units, but that’s not all. As the Extell building goes up, the surrounding area is also attracting growing attention from other developers. In July, JDS Development announced plans for a rental development just next door at 247 South Street. Given the scope of the Extell development and its neighboring rental development on South Street, thousands of new residents are expected to arrive in the Cherry Street neighborhood between now and 2020. Of course, there are many neighbors who arrived first.

READ MORE AT CITYREALTY…

affordable housing, Policy

555Ten, an Extell building that would be affected by the 421-a changes

As 6sqft reported last week, Governor Cuomo, developers, and unions have been engaging in closed-door talks to bring forth his revision of the city’s 421-a program that includes wage subsidies and an extension of the previous 25-year tax break up to 45 years. Glaringly (but not surprisingly) absent from the negotiations is Mayor de Blasio, but he’s now taking matters into his own hands, at least when it comes to those under-construction buildings that got in to the program before it expired in January. According to the Times, the de Blasio administration introduced a new policy that says these projects must include housing for some of the 60,000 New Yorkers currently living in homeless shelters, but developers, particularly Extell’s Gary Barnett, are not happy about the changes.

Find out more

Chinatown, condos, Cool Listings, Lower East Side, New Developments

Despite community opposition against the surge of new development in the Two Bridges neighborhood, things are moving full steam ahead in the Chinatown-meets-Lower East Side area. Curbed reports that the project that started it all, One Manhattan Square, has officially launched sales for the first batch of its 815 condos, and they range from a $1.18 million one-bedroom to a $4.4 million three-bedroom. It’s prices like these, as well as the 823-foot height, that have angered residents of the mostly low-rise and low-income neighborhood, but nevertheless, the huge luxury building at with an insane amenity package is well on its way to opening its doors.

Find out more this way

Chinatown, Lower East Side, New Developments

L to R: One Manhattan Square, 247 Cherry Street, 260 South Street, and 271-283 South Street. The above image, created by CityRealty.com, depicts the possible massing of the new towers; No official design has been released 

The hotly contested Two Bridges neighborhood–the area along the East River, near the footings of the Manhattan and Brooklyn Bridges where the Lower East Side meets Chinatown–has been making headlines nearly every week, whether it be for a new supertall tower or local residents’ opposition to what they feel is out-of-scale development for the mostly low-rise and low-income neighborhood.

Just yesterday, The Lo-Down obtained information through a Freedom of Information Law (FOIL) request that reveals preliminary plans for two more residential projects that together “would add more than 2,100 residential units and 1.7 million square feet” to the area. A building at 271-283 South Street may rise 60 stories, while another at 260 South Street could reach 66 stories. To put into perspective just how much this planned and under-construction new development will alter the LES skyline, CityRealty.com has put together this Google Earth rendering of all the proposed towers.

Get all the details right here

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