DOCSLIB.ORG

BEST of LUXURY HOMES & ESTATES

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
BEST of LUXURY HOMES & ESTATES Datum: 19.04.2016 Korrespondentenclippings USA USA Argus der Presse AG Medienart: Korrespondentenartikel Themen-Nr.: 558.010 Auflage: 1 Abo-Nr.: 1095521 Seite: 0 Fläche: 238'391 mm² Date: Sunday, April 17, 2016 Location: NEW YORK, NY pork Circulation (DMA): 2,502,367 (1) Type (Frequency): Newspaper (S) Page: A65,A66,A68,A70.... Section: Main Keyword: Enzo Enea BEST of LUXURY HOMES& ESTATES As the demand for ultraluxury continues to spread around the world, thesupply of the world's best one-of-a-kind high-end propertiesis as strong as ever. CEANA BAL HARBOURestate developer, philanthropist and art beachside gardens and reflecting pool. collector Eduardo Costantini, who has The other, an 11-foot-tall stainless steel assembled a high-profile team includingsculpture entitled "Pluto and Proserpi- The 28-story condominium tower architect Bernardo Fort-Brescia of Arqui- na," is already set in the soaring 60-foot- called Oceana Bal. Harbour, near- tectonica; Italian designer Pierro Lissoni; ing completion on more than 5.5 tall breezeway. Costantini purchased the works for the residents of Oceana Bal Har- acres near the famous Bal Harbour Shops, and landscape architect Enzo EnPa whobour, and later sent them on a world tour is unique in several respects, not least of is designing the extensive grounds like of the finest museums Paris, Bilbao, Bue- which is that itis built on the area's last a private European park. The two grand major parcel of prime oceanfront. Unlike nos Aires and New York. lobbies, with 22-foot vaulted ceilings, will "In addition to our art, and the sheer its neighbors, the property sits parallel to display 15 large-scale, museum-qualityscale of our property, which is set back from the ocean, overlooking 400 linear feet of masterpieces of modern art from around beach to the east, with BM Harbour ma- the world. Collins Avenue, one of the biggest differ- rina, Biscayne Bay and the Miami skyline Unique highlights include two monu- entiators is privacy," said Ernesto Cohan, to the west. mental works by American artistJeff Oceana's director of sales. "Although the The development team for the 240-resi- Koons, one of which, -Ballerina,- will residents still receive the benefits of a five- dence property is led by Argentine realbe permanently displayed alongside the star hotel with our fine restaurants, spa and Medienbeobachtung ARGUS der Presse AG Argus Ref.: 61315733 Medienanalyse Rüdigerstrasse 15, Postfach, 8027 Zürich Ausschnitt Seite: 1/11 Informationsmanagement Tel. 044 388 82 00, Fax 044 388 82 01 Sprachdienstleistungen www.argus.ch Datum: 19.04.2016 Korrespondentenclippings USA USA Argus der Presse AG Medienart: Korrespondentenartikel Themen-Nr.: 558.010 Auflage: 1 Abo-Nr.: 1095521 Seite: 0 Fläche: 238'391 mm² pools, we do not have a hotel component.- that New Yorkers and visitors to the city will tant to many of our buyers is that 57th Street The expansivelayoutsfeatureflow- have ever seen in their lives, and now Robert is less crowded in this area, and therefore through, east-to-west exposures from the A.M. Stern's new tower, is unlike anything the building has a true sense of space, light 14th floor and above. Each of Oceana Bal that has preceded it. With all that is going and air around it, with easy access to the Harbour's four upper penthouses features on down here, 30 Park Place is the frosting F.D.R. Drive," said Pamela D'Arc, director a wraparound terrace and rooftopfeaturing on the cake." of sales for 252 East 57th Street. "Sutton 9,950 square feet of outdoor living space. Prices range from $11 million to more Place is lovely and purely residential, with Additional highlights include two clay ten- nis courts, a series of pools and Lissoni- than $60 million fora combined duplex high-end retail just a block away and Whole designed private cabanas, a members-only penthouse Corcoran Sunshine Marketing Foods right next door." spa and tranquility center, private poolside Group is the exclusive marketing and sales Prices start at $3.95 million and range up restaurant and an outdoor cafe. agent for 30 Park Place's Private Residences, to $16 million. (The price of the penthouse Prices start at around $2 million and with a sales gallery located at 7 World Trade has not been officially released.) The sales rise to the $30 million range for the pent- Center. For more information, visit gallery is at 201 East 57th Street, just across houses. Closings will begin in November. thirtypartcplace.com. the street. For additional information or For more information, call 786-414-2929 to schedule a private appointment, contact or visit oceanabalharbourcorn. Stribling MarketingAssociates at212 -369- 252 EAST 57TH STREET 5757or visit 252e57.com. 30 PARK PLACE ising to 700 feet at the nexus of Man- 50 UNITED NATIONS At 926 feet and 82 stories, The Four hattan's Sutton Place and Upper East Seasons Private Residences at 30 ide neighborhoods, 252 East 57th PLAZA Park Place in TriBeCa is the tall- Street will feature 93 private condominium As the first residential tower in the est residential building in lower Manhat- residences when it opens for occupancy in United States designed by Foster + tan, offering 157 residences with sweeping the fall. New York developers World-Wide Partners, the London-based firm views of the Hudson and East Rivers, New Group and Rose Associates have tapped headed by Pritzker Prize-winning architect York Harbor and the iconic midtown skyline. Skidmore Owings & Merrill to design this Norman Foster, 50 United Nations Plaza The residences sit above the 189-room Four latest addition to "Billionaires Boulevard" occupies a prestigious location across from Seasons Hotel New York Downtown, with situated at the eastern corner of Manhat- the United Nations headquarters. The new both properties slated to open this summer. tan's renowned 57th Street luxury residen- Developed by Silverstein Properties, Inc., tial corridor. S.O.M., whose international43-story condominium tower, developed by designed by Robert A.M. Stern Architects, portfolio includes the Burj Khalifa in Dubai, Zeckendorf Development and Global Hold- and serviced by Four Seasons, it offers resi- the world's tallest building, has designed an ings, features interior layouts of everything dents nearly 40.000 square feet of ameni- S-shaped, skyline-altering silhouette for its from one- to seven-bedroom condomini- ties. as well as a full suite of hotel services. 65-story curved-glass tower. ums, with a price range starting at $2.2 The 38th floor is devoted to private residen- The lowest level of the 93 residences. million. The spectacular duplex penthouse, tial amenities, including a fitness center designed by architect and interior designer with its own infinity pool, occupies the 42nd with a yoga studio, conservatory, screening Daniel Romuatclez, is the 36th floor, starting and 43rd floors. There are seven full-floor room, children's playroom designed by Roto with four residences per floor, with larger penthouses in all. Group, dining room with separate catering layouts land even fewer residences per "While it is a tall building, at 550 feet, there kitchen, and access to hotel restaurants. floor) as the building expands towards its are only 88 apartments, and consequently, Additional amenities include a sunlit 75- apex. The amenities, on the 34th and 35th most of the apartments tend to be very gen- foot swimming pool, Four Seasons spa, floors,include an elaborately decorated erously proportioned." explained Jilt Man- ballroom facilities, meeting rooms, a busi- lounge, library, dining room (with seating gone, director for sales and marketing. "It ness center, additional storage units and a for over 30 guests), a breakfast and meeting is a truly opulent vertical neighborhood built parking garage. room, billiards room, screening room, gym- by one of the most reputable developers and We are effectively creating a brand-new nasium with double-height ceiling and two architectural teams in the business." community one block from the new trade fully furnished guest suites. The Spa at 252 There is also parking beneath the build- center," noted Larry Silverstein, chairman offers a 75-foot indoor swimming pool with ing available for owners, who can take ad- ofSilversteinProperties."Thishistoric sauna, steam and treatment rooms. Addi- vantage of the 10,000-square-foot motor milestone comes just as downtown Manhat- tional amenities include a music and D.J. court. "Every apartment is a corner apart- tan is completing its transformation into the room, a children's playroom, dog grooming ment, and most are half floors with three world's most vibrant and integrated mixed- facility and a 70-foot terrace. exposures - and even the smaller apart- use destination on a scale not seen in New ments are corner apartments, with sweep- York City since Rockefeller Center opened in The fully automated parking system from ing views," added Mangone. The bay win- the building's gated, attended porte cochere dows in particular are an important design 1939. The synergistic effect of the new retail, on 56th Street allows drivers to leave their feature that brings the views into the room, coupled with the new Calatrava-designed car on a platform, after which it is taken to and brings the occupants to the view. The World Trade Center Transportation Hub, its space, with no hotel personnel actually architects designed the site as an island which is one of the most inspiring buildings touching it. "What has become very impor- site, creating a sense of openness on every Medienbeobachtung ARGUS der Presse AG Argus Ref.: 61315733 Medienanalyse Rüdigerstrasse 15, Postfach, 8027 Zürich Ausschnitt Seite: 2/11 Informationsmanagement Tel. 044 388 82 00, Fax 044 388 82 01 Sprachdienstleistungen www.argus.ch Datum: 19.04.2016 Korrespondentenclippings USA USA Argus der Presse AG Medienart: Korrespondentenartikel Themen-Nr.: 558.010 Auflage: 1 Abo-Nr.: 1095521 Seite: 0 Fläche: 238'391 mm² side of the building.
Load more

Recommended publications
  • Monthly Market Report
    FEBRUARY 2016 MONTHLY MARKET REPORT SALES SUMMARY .......................... 2 HISTORIAL PERFORMANCE ......... 4 NOTABLE NEW LISTINGS ............. 7 SNAPSHOT ...................................... 8 CityRealty is the website for NYC real estate, providing high-quality listings and tailored agent matching for prospective apartment buyers, as well as in-depth analysis of the New York real estate market. MONTHLY MARKET REPORT FEBRUARY 2016 Summary MOST EXPENSIVE SALES The average sale price for Manhattan apartments dipped in the four weeks leading up to January 1, while the number of sales rose. The average price for an apartment—taking into account both condo and co-op sales—was $2.1 million, down from $2.2 million in the preceding month. The number of recorded sales, 1,020, rose a great deal from the 862 recorded in the preceding month. AVERAGE SALES PRICE CONDOS AND CO-OPS $30.5M 834 Fifth Avenue, #10B $2.1 Million 2 beds, 4 baths The average price of a condo was $2.7 million and the average price of a co-op was $1.4 million. There were 542 condo sales and 478 co-op sales. RESIDENTIAL SALES 1,020 $2.1B UNITS GROSS SALES One of the most expensive sales this month was in a grand, prewar co-op on the Upper East Side, while the other two were in the large new downtown condo development The Greenwich Lane. $26.0M The most expensive sale of the month was unit 10B in 834 Fifth Avenue, a two-bedroom, The Greenwich Lane, #PH8 four-bathroom apartment that closed for $30.5 million. The Rosario Candela-designed building 140 West 12th Street is considered one of the most desirable prewar co-ops in Manhattan.
    [Show full text]
  • Real Estate Development Picks up in Turtle Bay and City by Bruce Silberblatt Onstruction Projects Halted in the • Construction Pending
    Turtle Bay News A Publication of the Turtle Bay Association Winter 2014 Vol. 57, No. 1 Real Estate Development Picks Up in Turtle Bay and City BY BRUCE SILBERBLATT onstruction projects halted in the • Construction Pending. construction aftermath of the 2008 financial - 315 East 45th Street (Permanent Mis- of a new ho- Ccrisis are humming again in Turtle sion of the United Arab Emirates to the tel or condo- Bay. Here’s an update on projects in pro- United Nations) minium of, cess and some that we might see under cur- - 229 East 49th Street (Permanent Mis- say, 30-40 rent or future rezoning plans. sion of the Republic of Senegal to the floors would United Nations) be possible. • Zeckendorf’s 10 UN Plaza. The enclo- - 405 East 51st Street (northeast corner sure is topping out and two penthouses Building of First) have been combined into one for sale at Ever Taller - 219 East 44th Street (north side be- $100 million. The radius of tween Second and Third) East 49th and • Halcyon. Work at the crane-accident site, - 305 East 50th Street: awaiting DOB ap- 50th Streets, at 303-305 East 51st Street, is moving proval of permits. from Park ahead. Demolition of the tower’s eastern Extell Amasses Holdings on East 49th to Third Av- side is complete, as is building of the and 50th enues, holds base’s superstructure. The tower’s west- Extell Development has bought the seven- potential for ern extension has been framed up to the story garage at 138 East 50th for $61 mil- building high 12th floor.
    [Show full text]
  • New Development Report for Q2 2017
    MANHATTAN BROOKLYN New Development $2,576 $1,413 AVERAGE PRICE AVERAGE PRICE Report PER SQ. FT. ACTIVE PER SQ. FT. ACTIVE $2,172 $1,421 AVERAGE PRICE AVERAGE PRICE PER SQ. FT. PER SQ. FT. CONTRACT SIGNED CONTRACT SIGNED $2,192 $1,342 AVERAGE PRICE AVERAGE PRICE Second2017 Quarter PER SQ. FT. CLOSED PER SQ. FT. CLOSED 5,936 5.5% QoQ 622 -6% QoQ AVAILABLE INVENTORY AVAILABLE INVENTORY (UNITS)* (UNITS)* *Available inventory includes all units currently on the market as well as those not yet released. Summary Points MANHATTAN BROOKLYN MEDIAN PRICE In Manhattan, average pricing decreased PER SQ. FT. modestly for the second straight quarter. New $2,172 PSF development units entering into contract fell 2.1% Active $2,287 $1,396 quarter-over-quarter to $2,172 PSF from $2,219 Contract Signed $2,025 $1,312 in Q1 2017, but rose 2.0% year-over-year from $2,129 PSF in Q2 2016. Avg. PPSF for closed new development units rose 1.0% quarter-over-quarter to $2,192, and fell 2.1% Closed $2,057 $1,319 year-over-year from $2,239 in Q2 2016. AVERAGE PRICE In Brooklyn pricing Outside of PER SQ. FT. continued to rise for Billionaire’s 10.4% $1,207 Active $2,576 $1,413 the second consecutive Row, Harlem quarter. New development entering into experienced the largest quarter- Contract Signed $2,172 $1,421 over-quarter Avg. PPSF increase contract averaged $1,421 PSF, up 4.4% Closed $2,192 $1,342 quarter-over-quarter and 3.8% year-over-year.
    [Show full text]
  • Halcyon New York, New York
    THE WEITZMAN GROUP, INC. Real Estate Consultants 355 Lexington Avenue New York, NY 10017 212 949-4000 FAX# 212 949-0875 MARKETABILITY AND CASH FLOW ANALYSIS OF HALCYON NEW YORK, NEW YORK AS OF DECEMBER 31, 2014 Prepared For: POLAR INVESTMENTS GROUP AND ORIGO INVESTMENTS G.P. MARCH 6, 2015 The Weitzman Group, Inc. 355 Lexington Avenue, New York, NY Account: 048-15F Copyright © 2015, The Weitzman Group, Inc. All Rights Reserved. THE WEITZMAN GROUP, INC. Real Estate Consultants 355 Lexington Avenue New York, NY 10017 212 949-4000 FAX# 212 949-0875 March 6, 2015 Mr. Eyal Bigon Mr. Thor Rozenberg Chief Financial Officer Chief Financial Officer Polar Investments Group Origo Investments G.P. 35 Ehad Ha’am St. 35 Ehad Ha’am St. Tel Aviv, Israel Tel Aviv, Israel Re: Marketability and Cash Flow Analysis Halcyon Condominiums New York, New York Dear Messrs. Bigon and Rozenberg: Thank you for the opportunity to provide Polar and Origo with a reasonable independent forecast of cash flow after debt service resulting from the remaining construction, sellout, and closings of the residential condominiums, retail space, and residential parking and storage at the Halcyon Condominiums in the Midtown East area of Manhattan. Our research in support of this study occurred during January and February 2015, with data obtained during this time period used to validate our retrospective assumptions, although the date of our analysis is as of December 31, 2014. This engagement does not include an appraisal or valuation of the project, and nothing herein should be construed as representing an appraisal. The purpose of the assignment is to present an independent projection of cash flows after construction debt service for use by Polar and Origo in determining prospective cash flows to the various investor positions in the project.
    [Show full text]
  • Download the 2019 Map & Guide
    ARCHITECTURAL AND CULTURAL Map &Guide FRIENDS of the Upper East Side Historic Districts Architectural and Cultural Map and Guide Founded in 1982, FRIENDS of the Upper East Side Historic Districts is an independent, not-for-profit membership organization dedicated to preserving the architectural legacy, livability, and sense of place of the Upper East Side by monitoring and protecting its seven Historic Districts, 131 Individual Landmarks, and myriad significant buildings. Walk with FRIENDS as we tour some of the cultural and architectural sites that make the Upper East Side such a distinctive place. From elegant apartment houses and mansions to more modest brownstones and early 20th-century immigrant communities, the Upper East Side boasts a rich history and a wonderfully varied built legacy. With this guide in hand, immerse yourself in the history and architecture of this special corner of New York City. We hope you become just as enchanted by it as we are. FRIENDS’ illustrated Architectural and Cultural Map and Guide includes a full listing of all of the Upper East Side’s 131 Individual Landmarks. You can find the location of these architectural gems by going to the map on pages 2-3 of the guide and referring to the numbered green squares. In the second section of the guide, we will take you through the history and development of the Upper East Side’s seven Historic Districts, and the not landmarked, though culturally and architecturally significant neighborhood of Yorkville. FRIENDS has selected representative sites that we feel exemplify each district’s unique history and character. Each of the districts has its own color-coded map with easy-to-read points that can be used to find your own favorite site, or as a self-guided walking tour the next time you find yourself out strolling on the Upper East Side.
    [Show full text]
  • Select Sales Comparables the Centrale 252 East Fifty
    THE CENTRALE SELECT SALES COMPARABLES 685 FIRST AVENUE 252 EAST FIFTY SEVEN 50 UNITED NATIONS PLAZA 100 East 53rd Street 200 East 59th Street100 East 53rd Street 100 East 53rd Street685 First Avenue200 East 59th Street 200 East 59th Street345 East 46th Street685 First Avenue 685 First Avenue252252 East 57th Street EAST345 East 46th Street 57TH STREET 345345 East 46th Street EAST 46TH STREET252 East 57th Street 252 East 57th Street Units: 93 Units: Units: 67 93 Units: Units: Units: 93 14867 Units: Units: Units:67 87 148 Units: Units: Units: 148 95 87 Units: Units:87 95 Units: 95 Floors: 63 Floors: Floors: 35 63 Floors: Floors:Floors: 63 4335 (Condo floors 28+) Floors: Floors: Floors:35 43 43 (Condo floors 28+) Floors: Floors: Floors: 43 (Condo65 (Condo floors43 floors 28+) 34+) Floors: Floors:43 65 (Condo floors 34+) Floors: 65 (Condo floors 34+) Sales Start: January 2016 Sales Start: Sales Start: January 2017 January 2016 Sales Start:Sales Start:Sales Start:January 2016 FebruaryJanuary 20182017 Sales Start: Sales Start: SalesJanuary Start: 2017October 2013 February 2018 Sales Start:Sales Start:Sales Start: FebruarySeptember 2018October 2014 2013 Sales Start: SalesOctober Start: 2013 September 2014 Sales Start: September 2014 Construction Type: New Construction Construction Type:ConstructionNew Type: ConstructionNew Construction ConstructionConstruction Type:Construction Type:New Type:Construction NewNew Construction Construction Construction Type:Construction Type:ConstructionNew ConstructionNew Type: Construction New Construction ConstructionConstruction
    [Show full text]
  • Haute Residence: New York City Buildings with Spectacular Screening Options for Football Season
    September 4, 2018 Haute Residence: New York City Buildings With Spectacular Screening Options For Football Season By Michelle Sinclair Colman Impressions: 13,650 http://www.hauteresidence.com/top-picks-for-fantasy-football-draft-season-nyc-glamour- style/ New Yorkers are getting ready to draft their ultimate Fantasy Football team and football games call for some offensive lineman-sized viewing experiences. Many buildings in New York City offer spectacular screening options. So good, in fact, you might have a hard time convincing anyone else to host. At the beginning of the season, many buildings provide outdoor lounges where you can watch the game and the sun set over the city skyline. Toward the end of the season, other have posh indoor entertainment rooms where you can sit in front of the fire, drink craft beer and cozy up into comfy chairs fit for any NFL celebrity. Here are 15 New York City buildings perfect for first downs to touchdowns. Spectacular Outdoor Viewing Options Brooklyn Point This new downtown Brooklyn mixed-use condominium tower offers ones of the coolest football game viewing options around – you can watch football while simultaneously swimming in the tallest infinity pool in the Western Hemisphere at 68 stories above the streets of Downtown Brooklyn. The heated, outdoor infinity pool is located next to a landscaped rooftop terrace. Once the weather gets too chilly, there is also an indoor screening room. All of that with iconic views of Manhattan and you may never get your friends to leave even when the game is over. MiMA In addition to offering top amenities like a private fitness club by Equinox, a heated indoor lap pool, a full-size indoor basketball and volleyball court, and an internet cafe, MiMA, the luxury rental building at 450 West 42nd Street, has indoor and outdoor screen rooms.
    [Show full text]
  • Chapter 7: Urban Design and Visual Resources
    Chapter 7: Urban Design and Visual Resources 7.1 Introduction This chapter assesses the Proposed Action’s potential effects on urban design and visual resources. Per the 2014 City Environmental Quality Review (CEQR) Technical Manual, the urban design and visual resources assessment is undertaken to determine whether and how a project or action may change the visual experience of a pedestrian, focusing on the components of the project or action that may have the potential to affect the arrangement, appearance, and functionality of the built and natural environment. According to the CEQR Technical Manual, urban design is defined as the totality of components—including streets, buildings, open spaces, wind, natural resources, and visual resources—that may affect a pedestrian’s experience of public space. A visual resource is defined as the connection from the public realm to significant natural or built features, including views of the waterfront, public parks, landmark structures or districts, otherwise distinct buildings or groups of buildings, and natural resources. As described in Chapter 1, “Project Description,” the New York City Department of City Planning (DCP) is proposing zoning map and zoning text amendments that would collectively affect approximately 78 blocks in Greater East Midtown, in Manhattan Community Districts 5 and 6 (collectively, the “Proposed Action”). The Proposed Action is intended to reinforce the area’s standing as a one of the City’s premiere business districts, support the preservation of landmarks, and provide for above- and below-grade public realm improvements as contained in the Public Realm Improvement Concept Plan (the “Concept Plan”) described in Chapter 1, “Project Description.” Many aspects of urban design are controlled by zoning, and because the Proposed Action would entail changes to zoning and related development-control mechanisms, the Proposed Action therefore may have the potential to result in changes to urban design.
    [Show full text]
  • 240 Central Park South Apartments
    Landmarks Preservation Commission June 25, 2002, Designation List 337 LP-2116 240 CENTRAL PARK SOUTH APARTMENTS, 240 Central Park South (aka 232-246 Central Park South (West 59th Street), 233-241West58th Street, and 1792-1810Broadway), Manhattan. Built 1939-40; [Albert] Mayer & [Julian H.] Whittlesey, architects; J.H. Taylor Construction Co., builders. Landmark Site: Borough of Manhattan Tax Map Block 1030, Lot 58. On April 30, 2002, the Landmarks Preservation Commission held a public hearing on the proposed designation as a Landmark of 240 Central Park South Apartments and the proposed designation of the related Landmark Site (Item No. 1). The hearing had been duly advertised in accordance with the provisions of law. Nineteen people spoke in favor of designation, including representatives of Central Park South Associates (the property's owners), Manhattan Borough President C. Virginia Fields, CityCouncilmember Eva Moskowitz, New York Assemblyman Richard N. Gottfried, Municipal Art Society, New York Landmarks Conservancy, Historic Districts Council, Landmark West!, DOCOMOMO New York Tri-State, Modern Architecture Working Group, and architect-historian Robert A.M. Stern. One speaker opposed designation. In addition, the Commission received numerous letters and postcards in support of designation, including a resolution from Community Board 5 and letters from City Councilmember Christine C. Quinn, former Councilmember Ronnie M. Eldridge, Friends of Terra Cotta, National Society of Mural Painters, and Art Deco Society of New York. Summary 240 Central Park South Apartments, built in 1939-40 to the design of Mayer & Whittlesey, is a significant and innovative complex that represents the transition between 1930s Art Deco style apartment towers with courtyards (characteristic of Central Park West) and post-World War II "modernist" apartment houses.
    [Show full text]
  • CITYREALTY NEW DEVELOPMENT REPORT MANHATTAN NEW DEVELOPMENT REPORT May 2015 Summary
    MAY 2015 MANHATTAN NEW DEVELOPMENT REPORT CITYREALTY NEW DEVELOPMENT REPORT MANHATTAN NEW DEVELOPMENT REPORT May 2015 Summary Apartment prices in new development condominiums in Manhattan have increased at a fast clip, a trend boosted by the upper end of the market. Sales of new condominium units included in this report are expected to aggregate between $27.6 and $33.6 billion in sales through 2019. The average price of these new development units is expected to reach a record of $5.9 million per unit in 2015. At the same time, far fewer units are being built than during the last development boom, in the mid-2000s, therefore the number of closed sales is expected to increase more modestly than their prices. 2013 2014 2015-2019* TOTAL NEW DEVELOPMENT SALES $2.7B $4.1B $27.6B-$33.6B+ Pricing information for the 4,881 new development units covered in this report comes from active and in-contract listings, offering plans, and projections based on listing prices. For a complete list of buildings included in this report, see pages 5-6 (New Developments by Building Detail). Ultimately, sales of these apartments will total roughly $27.6 to $33.6 billion through 2019. Sales in new developments totaled $4.1 billion in 2014, up 50 percent from 2013. The 2013 total, $2.7 billion, also represented a significant increase from the $1.9 billion recorded in 2012. While total sales volume has increased in recent years, it is still substantially less than at the height of the market, in 2008, when new development sales totaled $10.4 billion.
    [Show full text]
  • Building Relationships: New York Real Estate Highlights
    Building Relationships: New York Real Estate Highlights Hunton & Williams LLP is an AmLaw 100 firm with more than 800 lawyers practicing from 19 offices across the United States, Europe and Asia. Founded in 1901 by four lawyers in Richmond, Virginia, our current size and global reach has been achieved through organic growth as well as strategic mergers and lateral partner acquisitions. We blend significant experience in all the major legal disciplines with a broad, forward-looking perspective on current and emerging business issues to provide our clients with valuable, effective legal and regulatory advice. Table of Contents Building New York 2 Building Our Business Beyond New York 5 Building Our Practice in Washington, DC, and Los Angeles 6 New to the Firm 7 Focus on Funds and Spotlight on REITs 8 Straight Talk Q&A With New York Real Estate Lending Partner Peter Mignone 9 Building Relationships 10 Exciting! That’s what comes to mind when we look back at the immense growth of our real estate practice and ahead at its enormous potential. With the addition of two highly regarded lateral groups in New York – a team of traditional development lawyers from Herrick, Feinstein LLP and real estate finance partners originally from Thacher Proffitt & Wood – we’ve bolstered the practice by 15 associates, two senior attorneys and two counsel, expanding our team to 29 lawyers in New York alone. Joining our Big Apple ranks are lawyers and professionals across the country who have been working to create an impressive global footprint. Combined with the firm’s real estate capital markets, tax, and structured finance and securitization practices, this enables us to offer clients the benefits of an international, multidisciplinary powerhouse.
    [Show full text]
  • U.S. Jobless Claims Hit 6.6 Million
    P2JW094000-6-A00100-17FFFF5178F ****** FRIDAY,APRIL 3, 2020 ~VOL. CCLXXV NO.78 WSJ.com HHHH $4.00 DJIA 21413.44 À 469.93 2.2% NASDAQ 7487.31 À 1.7% STOXX 600 312.08 À 0.4% 10-YR. TREAS. À 2/32 , yield 0.624% OIL $25.32 À $5.01 GOLD $1,625.70 À $47.50 EURO $1.0857 YEN 107.89 What’s U.S. Jobless Claims Hit 6.6Million News 6% Over the lasttwo weeks, newapplications for Weekly applications AK 4 unemploymentbenefitsindicatethat6%ofU.S. strain benefit systems Business&Finance 2 workershavelosttheir jobs. as coronavirus cases 0 ME top a million globally record 6.6 million A Americans applied for March weekly newjoblessclaims BY SARAH CHANEY unemployment benefitslast as shareoflabor force, by state In NewYork, AND ERIC MORATH VT NH week as the coronavirus Michigan sawclaims 4.7% filedthe struck the U.S. economy jump from 2.6% to lasttwo Arecord6.6 million Ameri- and sent arecently booming 6.3% of workers. weeks. cans applied forunemploy- labor market intofreefall. A1 ment benefitslast week as the WA ID MT ND MN MI NY MA newcoronavirus struck the U.S. oil prices jumped RI U.S. economyand sent are- 25% in their biggest one- cently booming labor market day rally on record, lifted intofreefall, as confirmed by investors’ hopes that cases topped a million world- initial steps to end a global OR UT WY SD IA WI IN OH PA NJ CT wide on Thursday. pricewar will offer are- Theworld-wide count of prievetothe industry. A1 deaths from the Covid-19 re- Stocks in the U.S.
    [Show full text]