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.
The Hubert 3-9 Hubert Street (at Collister Street)
This new, 16-story luxury condo residence at 7 Hubert St. in the heart
of TriBeCa, was more than 60 percent sold less than six months after
the start of sales, according to The Sunshine Group. The Hubert's three
residences include two mansion-width townhouses with private,
360-degree terrace. Provides panoramic view of Hudson River and skyline.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.
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