CHRYSTIE PLACE RETAIL PHASE I (Now Open) At Chrystie Place, main street meets Manhattan in more than 115,000 square feet of South of Houston Street, between Bowery and Second Avenue project summary street retail space. A uniquely sophisticated, yet festive, urban streetscape in the heart of Manhattan, the project will feature a mix of retailers, large and small, fashion and 361 luxury Apartments, featuring the finest in urban living specialty, and a dynamic mix of sleek restaurants and intimate sidewalk cafes. 85,000 square foot Whole Foods grocery store, featuring the finest in gourmet and natural LOCATION COMMUNITY FACILITY foods. Located in Lower Manhattan at Houston Street and Bowery, Chrystie Place Chrystie Place will be home to one of Manhattans newest and most ambitious YMCA consists of four development parcels, connecting neighborhoods in the East facilities. The 35,000 square foot center will be home to first class fitness facilities, an 42,000 square foot, state of the art YMCA community facility Village across Houston Street to those in The Lower East Side. The project is indoor swimming pool, basketball courts and a sweeping rooftop sundeck, all to serve bisected by Christy Walk, a lush, landscaped promenade featuring a host of Chrystie Place residents and the surrounding community. PHASES II and III (Fall 2009) intimate boutiques and romantic sidewalk cafes. North of Houston Street, between Bowery and Second Avenue DEVELOPMENT TEAM RESIDENTIAL Master Developer: Avalon Bay Communities Alexandria, VA 296 luxury apartments, featuring the finest in urban living Chrystie Place is comprised of 657 luxury apartment units, featuring the very Retail Development and Leasing: Williams Jackson Ewing Baltimore, MD best in urban living. Between the first-class amenities and first-rate location, Design Architects: Arquitectonica Miami, FL 30,000 square feet of street retail space, featuring cutting edge boutiques and the project is a perfect fit for young professionals, families and empty-nesters alike. Executive Architect: SLCE Architects New York, NY galleries, and romantic sidewalk cafes and restaurants.
CHRYSTIE PLACE CHRYSTIE PLACE
A contemporary, creative and unmistakably New York streetscape is moving in at the nexus of six dynamic downtown neighborhoods: NoLita (North of Little Italy), the East Village, SoHo (South of Houston Street), NoHo (North of Houston Street), Greenwich Village and the Lower East Side.
Chrystie Place delivers a groundbreaking mix of main-street retail, inventive dining, romantic sidewalk cafés and new luxury apartments. Spread across four prime locations fronting Houston Street, East First Street, Second Avenue and Bowery, the project includes more than 657 apartment units and 115,000 square feet of retail and restaurant space, creating a new concentration of retail and entertainment amenities for the community. Chrystie Place is the latest addition to one of Manhattans most fashionable districts. As new residential construction continues to emerge on Bowery, New York and Europes best retailers and restaurateurs are flooding the area and the tenant roster keeps getting hotter. location CHRYSTIE PLACE
18 to 34 and 45 to 54 age categories are increasing at a significantly higher rate in the Chrystie Place (14% and 24%) trade area than the Upper East Side (1% and 5%) and Upper West Side (-0.4% and 14%). village map
Median income levels in the Chrystie Place trade area have increased by more than 100% in the past ten years and is projected to increase by another 30% in the next five years.
Between 1990 and 2000, the number of households in the Chrystie Place trade area earning over $75,000 increased 198%, compared to 61% in the Upper West Side and 33% in the Upper East Side.
project plan Housing prices in the East Village increased by more than 200% for a two bedroom unit between 1990 and 2000, increasing at a significantly higher rate than on the Upper East Side (89%) or Upper West Side (100%).
Of the 36 net new restaurants to the Zagat Survey in 2002, 78% were located in the Lower East Side and the East Village, compared to the Upper East Side which had 3% and the Upper West Side, boasting 8%.
Manhattan CHRYSTIE PLACE
CHRYSTIE PLACE TRADE AREA UPPER WEST SIDE TRADE AREA UPPER EAST SIDE TRADE AREA
1990 - 2000 1990 - 2000 1990 - 2000 POPULATION 2000 CHANGE 2000 CHANGE 2000 CHANGE Total 135,223 3.0% 125,641 0.1% 162,873 1.5% 18-34 48,484 13.5% 38,188 -0.4% 50,528 1.4% 35-54 39,523 24.2% 42,166 13.8% 50,674 -5.1% Total Households 60,771 7.9% 72,427 -1.2% 97,231 1.3% INCOME Space Space Space Space Space Space $50,000 to $74,999 8,896 57.3% 10,416 -12.3% 16,151 8.9% $75,000 to $99,999 4,575 125.1% 7,759 16.2% 9,580 16.0% $100,000 to $149,999 4,357 238.3% 9,883 39.6% 11,815 20.9% PURCHASE Space Space Space Space Space Space 2 Bedroom $200,000 - $850,000 204.0% $285,000 - $700,000 100.0% $350,000 - $850,000 89.0% RENTALS Space Space Space Space Space Space Studio/1 Bedroom $1,200 - $2,800 75.0% $1,200 - $2,700 42.0% $1,150 - $2,800 27.0% phases I & II
phase III - extra place & 1st street
phase II - northwest corner of 1st street and bowery
phase I - northeast corner of houston street and chrystie street CHRYSTIE PLACE phase II & III lease plan
project plan CHRYSTIE PLACE the team
Avalon Bay Communities Williams Jackson Ewing Arquitectonica SLCE Architects 535 Fifth Avenue 2002 Clipper Park Road 114 West 26th Street 841 Broadway 18th Floor Suite 201 Fifth Floor New York, New York 10003 New York, New York 10017 Baltimore, Maryland 21211 New York, NY 10001 212.979.8400 Phone: 212.370.9269 410.752.6007 212.254.2700
AvalonBay Communities, Inc. is a real estate investment With more than 30 years of experience, Williams Jackson Based in New York and Miami with offices around the SLCE is detail specific, providing intensive planning and trust (REIT) that develops and manages luxury Ewing has been recognized as the foremost authority world, Arquitectonica was founded in 1977, developing site evaluation at project inception, with a special apartment communities in the Northeast, Mid-Atlantic, on retail development trends worldwide, and the an international practice recognized for excellence and emphasis on zoning needs analysis; development of Midwest, Pacific Northwest and Northern and Southern integration of retail and entertainment venues within innovation. The firm is best known for its creative ability dependable, buildable plans for all building types; and California regions of the country. With one of the largest the framework of urban development and revitalization. to design projects with memorable imagery and regional finally, follow through with the same attention to detail portfolios of urban apartment communities in the As a retail developer and leasing specialist, Williams identity. Retail stores, cafes, art and performance spaces throughout the construction phase. industry, AvalonBay has the experience, resources and Jackson Ewing is responsible for the redevelopment of are considered and designed to harmonize with various track record to turn innovative urban development such epic landmarks as Union Station in Washington, residential design components. The firms designs have In recent years, the firm has further expanded its in- concepts into reality. At June 30, 2002 AvalonBay DC, and Grand Central Terminal in New York City. The won numerous American Institute of Architects and house design capability, and as evidenced in projects owned or held interests in 146 apartment communities firm is also credited with highly successful regional and Progressive Architecture Design Awards for projects like Metropolitan Tower, 30 East 85th Street in New containing 42,914 apartment homes. AvalonBay neighborhood center projects, including Sansom Common spanning several continents including residential towers, York City, the Carlton House Apartments in Larchmont, Communities, Inc.'s common stock trades on the New and Suburban Square, in Philadelphia. sports arenas, mixed-use developments, resorts, hotels, Avalon Willow Mamaroneck and Avalon Bronxville, New York Stock Exchange and the Pacific Exchange under retail centers and office buildings to specialized projects York, SLCE's stylistic approach avoids the "today only" the ticker symbol "AVB." such as a U.S. Embassy, an opera house and symphony trends in favor of architectural solutions that respond hall. to clients' real building needs.