On the Drawing Board
New Development Projects Underway
A new wave of condominium and co-op construction is sweeping Manhattan as dozens of new projects attest, with thousands of new co-op and condominium units being marketed to hungry buyers.One Morton Square 600 Washington Street (at Morton Street) A one-block residential development in Greenwich Village that turns a full-city block in the West Village into a residential enclave offering three home styles: town homes, lofts and condominiums. The $200 million project is expected to be completed in the fall of 2004, with home prices ranging from $600,000 to $3.25 million. Project designed by famed architect Costas Kondylis in cooperation with glass artist Thomas Patti, landscaper James van Sweden of Oehme, van Sweden and Associates, and interior architect Philip Koether.
48 Laight Street At the center of TriBeCa's newest wave of new construction, 48 Laight Street was unanimously approved by the 12-member Landmarks Preservation Commission (LPC) for its integrated use of traditional and modern materials, and is scheduled for completion later this year. The $9 million, six-story, 9-unit building will have two- and three-bedroom loft-style residences between 1,400 and 1,900 square feet and a spectacular 2,300 square-foot penthouse, all with expansive views. Approximately 4,000 square feet of retail space will anchor the building's ground floor. Prices range from $975,000 to $1.6 million for the apartments and $3 million for the penthouse.
SoHo 25 25 West Houston This luxury loft condominium building is the first newly constructed residential building in SoHo in over 20 years. Occupying the full block between Mercer and Greene Streets, the $35-million, nine-story building will offer 32 loft residences with unparalleled cityscape views to the north, east and west. The Beyer Blinder Belle-designed condo was conceived to be compatible with surrounding historic buildings, with a block-long, brick- and granite-clad façade with oversized windows, and three penthouses on the roof. SoHo 25 is selling now and scheduled for completion this spring.
Strivers Gardens 300 West 135th Street Two attractive mid-rise towers, joined by a glass-enclosed atrium surrounded by landscaped gardens will be home to 170 luxury one- two- and three-bedroom condos. Located one block from City College of New York and half a block from the newly reconstructed and renovated St. Nicholas Park and the 135th Street subway stations, both of which are part of the Striver's Center Development Project overall plan to revitalize this well-established residential community.
Rosa Parks Condominiums 163 St. Nicholas Avenue (at 118th Street) Rosa Parks Condominium is being constructed near Morningside Park, Columbia University and the 125th Street shopping district. The 64"“unit building will include one- two- and three-bedroom residences, as well as three-bedroom penthouses with prices starting from $375,000. Amenities include concierge services, a fitness center, an underground parking garage, video intercom, state-of-the-art wiring for fast Internet access, laundry facilities, storage area, remote video monitoring system and entry system,Dbike storage, individual climate control and a landscaped garden.
1400 on Fifth 1400 5th Avenue With 85 of 128 units reserved for purchasers with household incomes between $52,000 and $103,000, 1400 on Fifth gives middle-class families a shot at environmentally friendly living. Roughly 70 percent of the building is constructed from recycled or renewable materials, and a heating and cooling system run on geothermal energy lessens the building's dependence on fossil fuels.
Madison Plaza Madison Avenue (betw. 118th and 119th Streets) Madison Plaza, a 120-unit co-op building, has joined Madison Park and Madison Court in promoting Harlem's new real estate Renaissance. Along with Madison Court, Madison Plaza will feature 30,000 square feet of retail space on its ground floor, marking a new standard in affordable luxury housing uptown.
The Milan 300 East 55th Street This new 32-story condo tower is scheduled to be finished in 2005, and already its 119 units are over 30 percent sold. The tower is going up on the former site of the El Morocco club and will include 93 two-bedroom residences with 2 or 2.5 baths, nine three-bedroom residences with 3.5 baths plus a library, and three penthouses with large terraces occupying the top floors of the building. Two penthouses on the 31st floor have three bedrooms and 3.5 baths and a single penthouse on the 32nd floor has three bedrooms, 4.5 baths, and a library. Each of the residences have 10-foot ceilings, and prices ranging from $750,000 for a one-bedroom to between $1.3 and $1.9 million for the two- and three-bedrooms.
One Beacon Court 151 East 58th Street One Beacon Court is entered mid-block, via a courtyard framed by a seven-story, elliptical glass wall. Designer Jacques Grange has offset Cesar Pelli's stark architectural elements with a muted palette inspired by Venetian palazzos. In the 105 condominium residences, spare lines and exterior walls of windows create light, airy spaces framed by vistas of Central Park and Manhattan. Prices begin at $2 million for 1,364 square feet with city and river views, and go to $26 million for 8,687 square feet with 14-foot ceilings and setback terraces.
Park Avenue Place 60 East 55th Street This slender, 39-story, 76-unit condo tower was designed by Brennan Beer Gorman/Architects and will feature a 24-hour concierge service, a high-tech health club with sauna and steam rooms, an outdoor deck, garage and a fully equipped business center when it's completed later this year. A restaurant also may be installed off the lobby.
The Paradigm 146-148 West 22nd Street Located on West 22nd Street in Chelsea, the 12-story building, which was designed by Meltzer/Mandl Architects, will contain 12 full-floor loft residences, ranging in size from 1,540 to 2,579 square feet and priced from $1.3 million to $2.3 million. Every residence will feature private elevator access, a private terrace or balcony, and kitchens by Poggenpohl with stainless steel appliances by Sub-Zero, Bosch and Viking. Occupancy is slated for early 2004.
The Metropolitan 177 East 90th Street Located in ever-popular Carnegie Hill, this 32-story, 94-unit condo building is scheduled for occupancy this spring. The heptagonal building has horizontal windows leaving a minimal amount of facade exposed. Units feature 9- to 10-foot ceilings, ultra-modern appliances, and a prime location only a few blocks from Central Park.
The Heritage at Trump Place 240 Riverside Boulevard The Heritage at 240 Riverside Boulevard is Building A in an extensive group of new riverfront towers that make up Trump Place at Riverside South. Architect Costas Kondylis & Partners LLP designed the 368,150 square-foot, 31-story tower containing apartments ranging in size from 550 square-foot studios to 2,868 square-foot four-bedrooms, featuring imported marble baths, top-of-the-line kitchens and hardwood floors. Prices range from $335,000 for studios to $3.5 million for four bedroom units.