Walker Tower

Featured Story

building of the year, Features, New Developments, Polls, real estate trends

Vote for 2014’s Building of the Year!

By Diane Pham, Wed, December 17, 2014

building of the year nyc 2014

There is no shortage of towers on the rise in Manhattan, but amongst these glass and stone beauties are a handful that stand head and shoulders (and several hundred feet) above the rest. A red hot real estate market and cutting edge building technology have paved the way for towers of both unprecedented heights and prices. But worthy of equal credit are the visionary developers and architects who dare to change the NYC skyline.

Here we’ve handpicked 12 of the most newsworthy buildings of 2014; these towers boast groundbreaking designs and record-breaking (or soon to be record-breaking) prices. But we ask you: Out of the dozen, which deserves the title “Building of the Year?” Cast a vote above to help us decide which is 2014’s most important tower!

Extended by popular demand… Voting ends TODAY, December 12th at 11:59 PM WEDNESDAY, December 17th at 11:59 PM and we’ll reveal the winner on Friday, December 19th. And if you’re still torn between two (or all), jump ahead for the low-down on each, from height to 2014 news highlights.

More on each of the buildings here

Celebrities, Chelsea, Cool Listings

Is Jennifer Lopez Moving Into Chelsea’s Walker Tower?

By Annie Doge, Thu, September 18, 2014

jlo walker tower

Jenny from the Block could be looking to move to Chelsea’s Walker Tower. According to the NYP, Jennifer Lopez was spotted scoping out apartments alongside celebrity broker Fredrik Eklund. The pair reportedly checked out an unlisted apartment and eyed the floor plans of several other units over lunch. The Post notes that J Lo’s budget is around $20 million. With that in mind, might we suggest the building’s $25M duplex penthouse?

[Listings at CityRealty]

Real Estate Wire

walker tower flip, walker tower
  • The owner of a 3BR/4.5BA duplex with a terrace in the Walker Tower is looking to sell their $14.26M duplex for $25M. [Curbed]
  • Architectural Record has released its annual list of the “Top 300 Architecture Firms” in the United States. Results are based on architectural revenue from 2013. [Architecture Record]
  • Developers are having trouble filling out the affordable apartments at 66 Rockwell Place in Downtown Brooklyn. A spokesperson for the building says they can’t find residents who qualify, but Rob Solano, director of Churches United For Fair Housing, says locals are being disqualified for silly errors and subpar credit scores. [DNA Info]
  • Piqued interest in Long Island City living is causing apartment square footage to shrink. [WSJ]
  • Current and former mayors both claim 8,700 affordable apartments have received financing the first half of this year, but some real estate observers say the real numbers are coming up short. [Crain’s]

The Walker Tower unit (left); Top earning firm Gensler’s Shanghai towers (right)

Hell's Kitchen, Manhattan

Walker Tower, Stella Tower

Take two Art Deco commercial buildings designed by Robert Walker in the roaring twenties and mix in a little 21st century residential conversion magic by JDS Development Group, Property Markets Group, and Starwood Capital Group, and what do you get?

Apparently two highly successful projects that now have even more in common – owners who have purchased units in both buildings.

Why did owners double up on their investments?

Uncategorized

Weekly Market Snapshot: The Week of June 18, 2014

By Diane Pham, Wed, June 18, 2014

Weekly Market Snapshot: The Week of 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

Chelsea, Recent Sales

walker tower

One lucky (European) buyer scooped up not one but two penthouses in Chelsea’s Walker Tower yesterday for $30.75 million, in what could easily be considered the real estate steal of the year.

Toni Haber of Douglas Elliman, who represented the buyer, told the Wall Street Journal that her client “got a really good deal”, as the two units went into contract back in 2012 before sales shot up. She notes her client paid a mere $5,000 a square foot, which is quite a deal considering that another penthouse in the building recently sold for $50.9 million, or about $8,500 a square foot.

The two penthouses sit at the 22nd floor of the Ralph Thomas Walker-designed Art Deco tower. Word is that buyer opted for the two unfinished units in the building, hired an architect, and worked to fuse the two units into one palatial full-floor apartment with four bedrooms and four full and two half bathrooms, with around 6,000 square feet of space. The apartment also has two terraces and sweeping city views that encompass One World Trade Center and the Statue of Liberty.

[Via WSJ]

Architecture, Celebrities

NYC real estate, NYC architecture, Walker Tower, Walker Tower conversion, former verizon building nyc conversion, nyc renovations, cameron diaz walker tower, nyc luxury condos

One of our intrepid reports stopped by the Walker Tower earlier today to check out how things are coming along at the 212 West 18th Street landmark. The tower — which has drawn buyers ranging from Cameron Diaz to Mike Thorne (that guy who discovered the Sex Pistols) — had its scaffolding removed just seven months ago and has already set new sales records for Downtown Manhattan (this includes an impressive $50.9 million deal for the 6,000-square-foot 5BR/5.5BA penthouse).

The conversion of the former Verizon building into luxury condos has been underway since 2011, but word is that construction on the interior will be wrapped up in the coming weeks. Let’s take a look at what’s been completed so far.

More photos here

SIGN UP FOR OUR NEWSLETTERS

Thank you, your sign-up request was successful!
This email address is already subscribed, thank you!
Please provide a valid email address.
Please complete the CAPTCHA.
Oops. Something went wrong. Please try again later.