By Diane Pham, Fri, August 8, 2014
- Two Trees Management is throwing down $10M to salvage industrial artifacts from the Domino Sugar Factory. [Curbed]
- A look inside Brooklyn’s John Street Condos. [Curbed]
- PRD Realty is trying once again to file a mixed-use rental plan for a site near the Barclays Center. The developer was rebuffed two years ago by neighbors who were against the building going up. [TRD]
- Hyatt Hotels Corporation has paid $390M for a 100 percent stake in the Park Hyatt hotel component of Extell’s One57 tower project. [TRD]
- City areas with the highest concentration of CEOs have one thing in common: rising prices. [WSJ]
- State Assemblyman Michael Miller has pitched a new plan for the Queensway, a proposed park built atop 3.5 miles of elevated tracks. [Times Ledger]
One57 (left); Domino Factory (right)
By Dana Schulz, Thu, July 24, 2014
Who wouldn’t want to be able to order a juicy burger in the middle of the night and have it delivered in mere minutes? Or never have to worry about making the bed or folding sheets ever again (does anyone know how to fold the fitted sheet properly)? How about having an on-call masseuse? This is the life of living in a condo hotel.
Today, the city is teeming with these luxurious hybrids. The Residences at the Ritz Carlton in Battery Park City are home to the city’s most expensive listing at $118 million. The landmark Plaza Hotel was partially converted to 181 residences in 2008. And let’s not forget One57, the 90-story, 52-condo tower that will be the first five-star luxury hotel to rise in New York City in the last ten years. But do the vacation-worthy amenities at these buildings make them dominant in the real estate market?
We take a closer look
By Aisha Carter, Fri, June 27, 2014
- One57 Gets its First Residents: If you haven’t heard of One57 you’ve probably been living under a rock. Well, the NY Times is here to lift that rock with an update of the “Billionaire’s Row” building, along with some residents who have already moved in.
- Extell’s $65 Million Townhouse: The NY Daily News spotlights Extell’s 10,000-square-foot, unfinished town home that plans to shatter the record for the city’s most expensive “white box” sale ever.
- Google Wants Apps for Cardboard: FastCo. covers Google’s most head-scratching I/O moment, an advanced virtual reality headset designed with the state-of-the-art material… cardboard.
- A 3D Desk Made of 2D Graph Paper: PSFK spotlights Yin Chang who takes a 2D grid system and turns it into a 3D structure. Impressed yet?
Images: Modular desk (left), Cardboard headset (right)
By Diane Pham, Wed, June 18, 2014
- For the week of May 19, 2014, 81 condos sold for an average price of $3.1 million, while 123 coops sold for an average of $1.3 million. The Walker Tower, One57, and the newly opened Marquand stole the top three spots for most expensive sales that week.
- NYC’s soon-to-be-tallest residential tower at 432 Park Avenue surpassed its 1,000-ft mark this week and is now taller than any rooftop north of the Empire State Building. The Vinoly-designed building will top out at 1,397 feet – taller even than One World Trade Center.
- Beauty or beast? We take a closer look at the Herzog & de Meuron-designed 40 Bond — form, function, sales prices and all.
For market trends, top residential sales, and the latest starchitecture news, we turn to CityRealty‘s Weekly Market Snapshot for the scoop.
get the report here
By Diane Pham, Wed, June 11, 2014
- Leading into summer, the market continues its roller coaster ride — we’re seeing sharp increases in sales following an unexpected lull in the typically active spring season. For the week of May 12th, the city recorded 233 sales; Manhattan condos sold for an average of $3 million, while co-ops pulled in an average $1.3 million.
- One57 scored not one, but two of the most expensive sales of the week at $30.5 million and $17.8 million. But it was celeb favorite, 15 Central Park West, that staked claim to the top spot with a buyer paying $48 million for the keys to #1819B.
- The real-estate flip: We all know someone who knows someone who managed to buy at the right moment only to sell it months later for an exorbitant sum. We look at three of NYC’s biggest moneymakers in the last three years. One of which comes courtesy of the Winklevoss Twins.
For market trends, the latest real estate listings, and a dissection of one of New York’s riskiest investment pursuits, we turn to CityRealty‘s Weekly Market Snapshot for the scoop.
Get the full report here
By Diane Pham, Wed, May 21, 2014
- Despite sky-high sales at several marquis buildings, condo pricing in Manhattan is down 1.8 percent in the current three month period as compared to the last 90 days.
- Hotelier Ian Schrager has released renderings for his long-awaited mixed-use condo hotel – Public – at 215 Chrystie Street on the Lower East Side.
- Is Jake Gyllenhall apartment hunting in Tribeca?
- New York City versus…. San Francisco?! How two of the priciest cities in the US compare in a head-to-head real estate challenge evaluating the “grittiest” and most glamorous neighborhoods of the two.
For market trends, cool listings, celeb real estate news, and eye-opening comparisons, we turn to CityRealty‘s Weekly Market Snapshot for the scoop.
Get the full report here
By Diane Pham, Fri, May 16, 2014
- Flatiron and Midtown West have seen dramatic neighborhood price increases over the last 90 days. And surprise, surprise, sales in One Madison and the uber pricey, uber tall One57 are the two forces driving the change.
- Azad Ali talks about two decades spent preserving and restoring old homes in Prospect Park South, Ditmas Park and Midwood in Brooklyn.
- Fans of Breakfast at Tiffany’s will want to check out the $10 million listing for that little townhouse where fictional Holly Golightly entertained her many suitors.
- Learn about Mexico-born Ismael Leyva, the workhorse architect who has risen to prominence designing interiors for Related Companies projects like One Carnegie Hill, the TriBeCa Royale and The Brompton.
For market trends, cool listings and interesting tidbits about New York’s most noteworthy buildings and neighborhoods, we turn to CityRealty‘s Weekly Market Snapshot for the scoop.
Get the full report here
By Diane Pham, Sat, April 5, 2014
Manhattan is known for hosting more than a handful of the world’s most luxurious homes — many of which are perched hundreds if not thousands of feet above ground. Though few folks will ever get to see the interior of anything higher than their 5-story walk-up, we’re offering up a look into how New York’s loftiest live.
From the “smallest” to the tallest, take a peek into the penthouses of 10 of Manhattan’s supertall condos ahead. And just to give you a little more context, the Empire State Building soars 1,250 feet high.
It’s a tall, tall world