Page 4 - NY Cooperator October 2020

4 THE COOPERATOR — OCTOBER 2020 COOPERATOR.COM PULSE Industry Pulse Events The Cooperator Introduces FREE Webi- nars—a New Resource for Boards and Manag- ers at cooperator.com/events The Cooperator, a Yale Robbins publica- tion, has been a resource for the boards, man- agers, and residents of co-ops, condos, and HOAs for nearly two decades, both in print and online—and we are pleased to announce a new addition to our toolkit. Yale Robbins Productions has launched Cooperator Events, a new series of FREE educational ‘town-hall’ style webinars, sponsored by leaders in the multifamily industry and focusing on issues and challenges facing today’s boards. We have assembled expert panels on everything from legal questions around the COVID-19 pan- demic to optimizing your insurance coverage to disinfecting your community’s pool. Regis- tration and attendance are FREE to all—just visit cooperator.com/events, choose the webi- nar you’d like to attend, and sign up. It’s that simple. You’ll get an email link and reminders for the event, and will have the opportunity to submit questions for the panelists before AND during the webinar itself. Past events are archived and available on-demand on co- operator.com/events. Serving on your board is a big job and a big responsibility, but sound, timely advice from industry veterans can help lighten the load and make your building or association run more smoothly. We’re committed to help- ing you achieve that, and look forward to ‘see- ing’ you at an upcoming webinar! Development Uptown Luxury Meets Downtown Chic in New South Harlem Condo According to an emailed press release from Douglas Elliman Development Market- ing, a new condo in South Harlem has offi- cially commenced sales of its 170 residences. The 15-story development, called 300 West, occupies the corner of West 122nd Street and Frederick Douglass Boulevard, and was developed by Bespoke Living, a division of Happy Living Development. New York-based firm Issac & Stern Archi- tects designed 300 West’s facade to “mark an important nod to the past and a reference to the historic, surrounding urban fabric,” says the release. Paris Forino provided the interior design of both the residences and the shared spaces with, according to the release, “a level of fine bespoke detailing and custom finishes throughout.” White oak, Carrara marble, high-end fixtures and appliances, and spa-like bathrooms are featured in the studio to four- bedroom units. Amenities in the building include spaces for “sports and fitness, swim and spa, leisure and social, creative and children’s activities” in- cluding a 24-hour attended lobby, a residents’ lounge with open kitchen and landscaped courtyard, a working library with multiple seating areas, and a landscaped 3,000-square- foot rooftop terrace with an outdoor kitchen, grills, and views of the city. There is also a chil- dren’s room and a space for teens and tweens. For additional fees, residents can take advan- tage of the condo’s secure package room, bike room, private storage, and valet parking. Pricing for the residences begins at $499,000. For more information or to sched- ule an appointment, contact the sales gallery at sales@300west.com. You Can Now Live in Brooklyn’s New Tallest Tower, Brooklyn Point Closings and move-ins have commenced at Brooklyn Point—now the borough’s tallest tower at 720 feet, according to a press release. The 68-story building, designed by Kohn Ped- ersen Fox with interiors by Katherine New- man Design, is across the street from Down- town Brooklyn’s new Willoughby Square Park and above City Point, a 600,000-square-foot retail, dining, and entertainment destination. In addition to convenient location and impressive views, the 483 luxury residences ranging from studios to three-bedrooms have access to more than 40,000 square feet of indoor and outdoor amenities, including “the highest residential infinity pool in the Western Hemisphere on a landscaped roof- top outfitted with a sundeck and an outdoor movie screening space,” per the release. The building also boasts a 65-foot indoor saltwa- ter swimming pool, a 35-foot rock climbing wall, studio rooms, a squash/basketball court, and a spa with infrared sauna, steam rooms, and a hot tub. The triple-height Park Lounge features a signature bar, salon, fireplace, and co-working space, as well as a chef’s demon- stration kitchen, wine library, game lounge, screening and performance room, private study, and children’s playroom. Mathews Nielsen Landscape Architects designed Brooklyn Point’s ninth-floor landscaped ter- race that includes al fresco dining areas with gas grills, a putting green, fire pit, lounge ar- eas, terrace bar, and a children’s playground. For more information, visit www.brook- lynpointnyc.com. Trio of New Developments to Welcome Residents This Fall Hudson Square has a new 30-story tower, Greenwich West, featuring “sweeping panora- mas of the Hudson River, New York Harbor, Statue of Liberty, and New York City skyline,” according to a press release. A team of Paris- and New York-based architects designed the building with both cities’ architectural histo- ries in mind: handmade brick facade, case- ment-style windows, and Art Deco-inspired curved corners. The interior includes design by Sebastien Segers and a “sprawling vertical garden” designed by Patrick Blanc, “the father of the green wall,” according to the release. Rockefeller Group returns to its Manhat- tan and Art Deco roots with Rose Hill—“its first ever residential tower in its home city,” says the release—at 30 East 29th Street. The 600-foot-tall building was designed inside and out by CetraRuddy. Its 45 stories house 123 residences from studios to four-bed- rooms with in-home flex spaces, urban re- sort amenities, and exciting collaborations at prices starting at $1.385 million, up to $19.5 million for the penthouses. In Brooklyn Heights, Studio DB-designed The Symon offers 59 one- to four-bedroom residences to buyers this fall. At 76 Schermer- horn Street, between Court Street and Boe- rum Place, the 13-story “ground-up boutique luxury condominium” reflects the “historic buildings of the surrounding neighborhood while infusing contemporary, modern de- tails,” the press release indicates. Developed in partnership with Lonicera Partners, Orange Management, and The Davis Companies, The Symon has a private lounge, a rooftop terrace, a state-of-the-art gym with Peloton equip- ment, a children’s playroom, storage, and bi- cycle spaces for purchase. A limited number of on-site private, indoor, automatic parking spots are also available for purchase. Industry News Garthchester and Stillman Join Forces in Westchester Craig Perusini and Brian Scally, principals of Garthchester Realty, have acquired the as- sets of Stillman Property Management, a third-generation, Westchester-based firm. Stillman Management Realty Corp., as the new entity will be called, announces that Pe- rusini and Scally will serve as co-presidents; Jeffrey Stillman and Roy Stillman will serve as senior vice presidents of finance and man- agement, respectively. Each member of the executive team will play a critical, ongoing role in the management of the company, the announcement states. Both Garthchester Realty and Stillman Property Management have managed hun- dreds of coops, condos, homeowners associa- tions, rental and commercial properties in the New York Metro area for several decades. The new entity will continue to manage properties in Westchester, Rockland, New York City, and southern Connecticut. “Since our inception, Stillman Property Management has been an industry leader, providing top-notch, hands-on services to our clients,” says Jeff Stillman in the announce- ment. “As my brother Roy and I looked to- wards the future, we wanted to ensure that our clients and employees would continue to flourish. This acquisition will enable us to achieve our goal.” According to the new executive manage- ment team, joining the companies was a natural fit. “We have the same commitment to client service, results-oriented approach, integrity, strong work ethic, and dedication to the highest standards,” says Scally. “Craig, Jeff, Roy, and I are dedicated to maintaining those high standards for our clients as we move for- ward.” “The two firms working together will en- able us to expand and strengthen our existing services, leverage purchasing power to attain cost efficiencies for clients, employ the latest technologies, recruit and retain the best em- ployees, and create an even stronger presence within the communities we serve,” adds Pe- rusini. According to Roy Stillman, “The bottom line is that we believe that all of our clients will realize additional value as a result of this union. We value the strong relationships we have with our clients and look forward to continuing to provide them with outstand- ing property management services for years to come.” For more information about Stillman Management Realty Corp., call 914-813-1900. CEO Sush Torgalkar Exits Extell The Real Deal reports that Sush Torgalkar is leaving his role as CEO of Extell Develop- ment not even two years after coming on board from Westbrook Partners. It is the latest in a series of high-level departures from the prolific New York development firm that was founded by Gary Barnett in 1989. Citing an August 31 email, TRD reports that Torgalkar intends to maintain a role as senior advisor at Extell while he launches Sage Hall Partners, a real estate investment firm. Barnett, who stepped into the role of chair- man when Torgalkar joined Extell in January 2019, plans to have involvement at Torgalkar’s firm as well. “Gary has and will continue to support my new endeavors at Sage Hall Partners as both an investor and advisor,” Torgalkar wrote in the email. Barnett characterizes the move as a “spe- cial opportunity” for Torgalkar, adding that he is not looking to replace him immediately. “We’re happy to see this for him,” Barnett told TRD on the phone. Torgalkar’s departure from Extell follows that of Raizy Haas, who left in November af- ter more than two decades at the firm, as well as marketing lead Anna Zarro, who left Extell in 2018 to form her own firm. According to TRD, another top executive—assemblage ex- pert Dov Hertz—left in 2016 to form invest- ment firm DH Property Holdings. For his part, Barnett informs TRD that his focus will be navigating the impacts that CO- VID-19 is having on real estate in general and on the slowdown that started pre-pandemic for the luxury sector—the market in which Extell predominantly exists—in particular. n Please submit Pulse items to Darcey Gerstein at darcey@cooperator.com