Page 4 - CooperatorNews New York 2022

4 COOPERATORNEWS —
AUGUST 2022
COOPERATORNEWS.COM
PULSE
Industry Pulse
Events
CooperatorEvents Fall Expo at the Javits
Center Approaches!
coopexpofall.com
CooperatorEvents invites you to register
for our Fall Expo at the Jacob Javits Conven-
tion Center in Manhattan taking place on
Thursday, October 27, 2022, from 10:00 a.m.
to 4:30 p.m. We have an exciting lineup of
exhibitors eager to interact in person, cover-
ing every aspect of multifamily living—from
board governance, financial planning, and
community engagement to roof repair, en-
ergy management, and landscape design.
Like our past in-person Expos, the Coop-
eratorEvents New York Fall Expo 2022 will
include a full day of free workshops, semi-
nars, networking, and more. And as always,
registration and attendance are FREE to all!
Visit www.coopexpofall.com to see who’s ex-
hibiting, get more information, and register
as an exhibitor or an attendee. This will be a
must-attend event for all condo, co-op, and
HOA board members, property managers,
residents, and real estate professionals in the
Empire State! We look forward to seeing you
there!
Products & Services
Association Reserves Launches
Rating System
Association Reserves Inc., the nation’s
leading provider of reserve studies, an-
nounces the launch of Association Insights
& Marketplace (AIM)—an online database
that identifies more than 400,000 associa-
tion-governed communities, including con-
dominiums, co-ops, and homeowners asso-
ciations. Using AIM, boards of directors can
learn their FiPhO™ health score at no cost,
by claiming their association and providing
financial, physical, and operational details,
according to a company press release.
Similar to a FICO® score that measures
consumer credit risk, the FiPhO™ health
score, a term coined by AIM, distills the fi-
nancial, physical, and operational health of
an association to a single number. Providing
the score is a solution to improve the overall
health of these shared-ownership communi-
ties, as well as to help interpret a vast array
of real estate disclosures for the benefit of
shoppers, buyers, and real estate agents, the
release says.
“The collapse of Champlain Towers South
in Surfside was an extreme example of how
an older condominium with underfunded
reserves, deferred maintenance, and con-
flict between the board and owners can be
a recipe for disaster,” says Robert Nordlund,
PE, RS, AIM’s co-founder and the founder
and CEO of Association Reserves. “Pioneer-
ing the FiPhO™ health score was the natural
extension of three decades of subject matter
expertise in the area of reserve funding.”
“We are finding overwhelming support
for this new way to qualify the financial health
of associations,” explains AIM co-founder
Cathy Schrader, PE. “As the site reaches its
full utility, homebuyers and real estate profes-
sionals will be able to search for an associa-
tion, compare the FiPhO™ health score of dif-
ferent properties, and make better-informed
purchase and sale decisions.”
The FiPhO™ health score is featured in an
in-depth report that normally sells on the site
for $49.99. As an introductory offer, AIM Re-
ports will be available complimentary until
Labor Day 2022.
insurance
Mackoul Acquires The Gateway in
New Rochelle
Mackoul Risk Solutions, an insurance
agency in Manhattan, New Jersey, and Long
Island that specializes in co-op and condo-
minium insurance, announces its recent ac-
quisition of The Gateway Condominium in
New Rochelle. The press release says that the
community association comprises 30 units, a
health club, an indoor parking garage, and a
playground.
“We are pleased to have been chosen as
the new insurance broker and look forward
to working with property management firm
Librett Real Estate Group,” says Samantha
Tucci, business development specialist at
Mackoul.
Development
Highest Private Club in NY Debuts
According to a press release from real es-
tate development firm Extell Development
Company, the firm recently unveiled the
100th Floor atop Central Park Tower—the
tallest residential building in the world, situ-
ated in what has become known as Billion-
aire’s Row in Manhattan. Part of the building’s
Central Park Club, the 100th Floor is New
York’s most elevated private club, offering
private dining and entertaining spaces for the
building’s 179 ultra-luxury condominiums at
1,000 feet in the air.
“Central Park Tower’s 100th Floor is un-
like anything else in the world and it’s only
fitting that it is located in New York City’s
preeminent skyscraper,” says Gary Barnett,
founder and chairman of Extell Development
Company. “In addition to the unmatched
residences, which offer endless views, exqui-
site architecture, and gracious layouts, Cen-
tral Park Club is a defining element that fur-
ther elevates our residents’ living experience.”
Central Park Club includes 50,000 square
feet of white-glove services and amenities
spread across three floors, says the release.
Spanning more than 8,300 square feet, the
100th Floor, designed by design firm Rottet
Studio, who also curated the building’s resi-
dential interiors, features a grand ballroom
with seating for more than 120 people, a pri-
vate bar and restaurant with seasonal menus
from Michelin-star chefs, and a wine and
cigar lounge—all with 360-degree views of
Central Park, the Hudson and East Rivers,
and the Manhattan skyline.
Colin Cowie Lifestyle serves as Central
Park Tower’s food and beverage operator
and provides service throughout Central
Park Club. Michelin-star chefs including Al-
fred Portale, Laurent Tourndel, and Gabriel
Kreuther will create a food and beverage pro-
gram offering signature dishes throughout
the year, notes the release. The five-senses
approach that Colin Cowie Lifestyle has in-
troduced within Central Park Tower includes
a precisely formulated ambiance that changes
throughout the day to ensure 24/7 comfort
and tranquility, including lights that will
adapt with the setting sun, music that will
grow in tempo from morning to night, and
custom seasonal scents.
“We have been in the business of creating
bespoke luxury experiences for 35 years, but
Central Park Tower is our first foray partner-
ing with a luxury residential building,” says
Colin Cowie. “Our mission as a company is
about creating experiences that deliver Life At
The Top. There is literally and figuratively no
better building in the world to showcase that
than at Central Park Tower. We are thrilled
at the opportunity to collaborate with Extell
and Gary Barnett on this one-of-a-kind space
and experience.”
Additional amenities within Central Park
Club include the 14th floor Terrace level,
which offers a 60-foot outdoor swimming
pool, sun deck and cabanas, private garden,
gas grill and bar, fireplace and screening
wall. Also located on this floor is a residents’
lounge with billiards, private screening and
performance space, game room, and confer-
ence room and business center, according to
the release. With a focus on fitness and well-
ness, the 16th floor amenities include a 63-
foot indoor saltwater swimming pool and
spa, fitness and wellness center, squash/half
basketball court, private treatment room, and
mens and womens locker rooms with show-
ers, steam rooms, and saunas.
Central Park Tower features two- to eight-
bedroom residences that begin on the 32nd
floor of the building and range in size from
1,435 square feet to over 17,500 square feet.
Pricing for current availability at Central
Park Tower starts at $6.5 million. For more
information or to schedule a private appoint-
ment of the model residences, call 212-957-
5557 or visit www.centralparktower.com.
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