Culture Design Entrepreneurship Real Estate Innovation Interiors Compass The Issue Milestones Quarterly The Milestones Issue
Nothing forces refl ection more than the dawn of a new year. s o As Compass confronted the arrival of 2017, we paused to consider the accomplishments and advances made across each of our verticals. a o This year, we witnessed formerly futuristic fi elds — artifi cial intelligence, virtual reality, intergalactic travel — actualize around us. We observed the reinvention of neighborhoods nationwide, who leveraged their industrial pasts in order to springboard into the future. We outfi tted our homes with nascent products designed for easing the stresses of the 21st-century. We watched as our agents adopted game-changing digital tools in order to elevate their client service at every touchpoint. And our team expanded to nine dynamic markets across the nation, our network swelling to a collaborative, innovative group of 1,400 individuals (and counting), all bound by a singular goal. Just as we look back, so, too, do we anticipate the achievements yet to come. From intelligent new infrastructure in Boston and Miami to the restoration of landmarks in San Francisco and the Hamptons, 2017 promises to deliver beyond expectation. And as our cities evolve, our role assumes a richer perspective. Every company goal, every agent intiative, is intended not only as a gain for the industries we touch — real estate, technology, design — but, more importantly, for the communities we serve. Every milestone represents another brick in the future of real estate.
at tre re eur ter r ulture
3 24 34 58 as a C a a Co s o a o as a From San Francisco’s shores to op om s From historic reopenings to new A celebration of advances in our daily the slopes of Aspen, our company An ornate Bay Area mansion, a sleek transportation hubs to game- lives, this section explores domestic direction — a tale of expansion Boston loft, and a very Instagram- changing green spaces, Compass trends through the lens of a singular, and expertise, innovation and worthy LA bungalow all appear in our agents share their communities’ pivotal benchmark. iteration — has truly hit home. rankings for most inspiring real estate. most anticipated events of 2017. Founder & Executive Chairman Contributors Ori Allon Kelly Phillips-Badal, Clint Carter, Mike Darling, Elise, Sarah Engler, Founder & CEO Alyssa Giacobbe, Laurence Lowe, Robert Reffkin Jon Roth, Christopher Ross, Patrick Sauer, David Sokol President Leonard Steinberg Collaborators Joel Caldwell, Colin Clark, David Chief Financial Officer Clifford, Amy Dickerson, Sami David Snider Drasin, Marisa Guzman, Rory Golod, Barbara Halpert, Felipe Hernandez, Head of Design & Marketing Justin Kaneps, Mary Beth Koeth, Liz Matt Spangler Lattanzio, Caroline MacMannis, Deborah Nall, Victoria Sampaio, Sean Editorial Director Söderström, Joe St. Pierre, Emily York, Amy Perry Angela Yosten
Content Strategist A special thank you Hannah McWilliams to our agents for their Ideas That Changed the Way insights and involvement Senior Art Directors Jeff Lai Printer We Live in 2016 Paul Vlachou Symmetry Lithographers New York
Designers Paper Nick Almquist Printed with vegetable-based inks on Irina Anisimova Mohawk 110 lb Via Satin cover, Frank DeRose 80 lb Via Satin text, and 100 lb McCoy Aaron Feng Gloss text Jeff Hunt FSC Certified Camille Lilly Contains 30% Post-Consumer Waste Andrew Rutledge Automate Frances Yeoland Typefaces Maddie Young GT Pressura Mono, Harmonia, GOOGLE HOME and Tiempos Senior Marketing & By Clint Carter Creative Producer Cover Art Kyle Ranson-Walsh Paul Vlachou
Creative Producers Reproduction without permission Work Haley Marks is prohibited. Amy Wiggins EERO WI-FI Compass Headquarters Traffic & Production Coordinator 90 Fifth Avenue, 3rd Floor By Patrick Sauer Beks Kiley New York, NY 10011 212.913.9058 Senior Marketing Manager, compass.com National Advertising Shannon O’Donnell Adapt COMMON + WELIVE CO-HOUSING Advertising Associate Stephanie Militello By Christopher Ross
Social Media Strategist Jessica Scherlag Congregate Advertising & Production Intern Sculpture & Images by Elise NATIONAL MUSEUM OF AFRICAN Aliaksandra Rabtsave AMERICAN HISTORY AND CULTURE Content & Social Media Intern By Jon Roth Sam Abrahams
Restore HUDSON YARDS By Alyssa Giacobbe
Revive UHOO AIR SENSOR By Sarah Engler
@compass Design
@compassinc TILT BRUSH + MICROSOFT PAINT 3D
/compass By Laurence Lowe
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medium.com/compass-quarterly Explore SPACEX TRAVEL By Mike Darling
Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdraw without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. Exact dimensions can be obtained by retaining the services of an architect or engineer. This is not intended to solicit property already listed. at Milestones
the illusion of knowing you, thanks to its ability to use location data and pull TI I I I T I I T information from your Google calendar, Spotify account, and other online IT IT T services where you share bits of info about yourself. You can tell it to add laundry detergent to your shopping list, Automate The fantasy of a robotic assistant took who use the smartphone-based digital and when you ask about your day, it will hold long before personal computers, assistant, only % do so in public. inform you that you have a playdate and even longer before the internet People are more comfortable talking scheduled for 3 p.m. began to reshape our daily lives. Irona, to their smartphone in the car, where But where Google is really trying to the robo-maid from the Richie Rich it’s unsafe to text, or at home, where win the A.I. race is with its enhanced comic books, made her debut in the roughly four in 10 Siri users talk to her. ability to talk to you like a human. We’re early ’ 0s. The same holds for Rosie, With that knowledge, Amazon upped not concerned about the fact that the blue bot from The Jetsons who was the A.I. ante last year by releasing we’re not fi rst to market,” says Michael treated as family. She’d roll around Alexa. At launch, the digital assistant Collins, a Google product manager. on casters, dusting and vacuuming lived inside just one device, called Echo, “What we off er are richer answers and while George kicked back after a shift which plugs into the wall and sits on a conversational skills. at Spacely’s Space Sprockets. It was table or countertop. Echo looks like an And Google Assistant will grow clear then that we expected artifi cial elegant cheese grater, but its insides smarter, in its own way. Like Alexa, it intelligence A.I. to absorb some of the are stuff ed with a motherboard with learns new skills and tricks as time tedium of daily life so we’d have more enough processing power to make goes on, and Google will continue time to relax. Alexa sound borderline sentient. Even developing its software and pushing Last November, Google brought better, the assistant is always paying out updates automatically through the Rosie dream closer to reality with attention. Anytime you say the word your WiFi. But even out of the box, it Google Home, a sleek appliance with Alexa, her ears or rather, a set can understand context in a way Alexa no visible buttons and an uncanny of seven microphones attached to can’t. Imagine you’re making dinner, ability to engage in something cool blue lighting perk up. She’s so you ask, Okay, Google, what’s the charmingly close to conversation. Home ready to fi eld questions and carry out temperature for medium-rare steak is Google’s eff ort to swoop in on the commands, set a cooking timer or Google responds: “Medium rare, 130°F digital-assistant category that opened order you a pizza. And to be sure, Alexa to 135°F, is the range at which steaks in 2011, when Apple equipped its is fantastic. Two-thirds of Echo’s k are most tender, juicy, and fl avorful.” iPhone S with Siri. nlike Irona or Rosie, reviewers on Amazon have awarded Then it hits you that you don’t have Siri was software-based, a concept it fi ve stars. But that’s partly because a meat thermometer. But since you’re inconceivable during the 8-track era. To the device never promised to be already chatting, you ask a follow-up, summon Siri, you held down the iPhone’s conversational. And it’s not. dropping the detail about what you’re home button and spoke clearly, slowly, Google Assistant, the brains inside trying to make. Okay, Google, how and with a small prayer that she would Google Home, wants to do better. long do I cook it This question would understand what you were saying. (Companies give the software distinct fl ummox Alexa, but Google Assistant What’s interesting about those fi rst names so that they can port it into nails it Place the steaks on the grill and few months of talking iPhones is how new devices like a phone or auto cook until golden brown and slightly quickly we moved beyond the practical console later. Google Assistant charred, to 5 minutes. Turn the steaks uses. Sure, Siri could schedule meetings follows the Alexa model, perking up over and continue to grill for 3 to 5 and text our friends for us, but could she when you utter the wake words in this minutes for medium rare. hang Was she cool case, Okay, Google. It also lives in Interactions like this make it easy Within days of Siri’s release, stories your home, where research shows you’re to imagine the moment we have our began to emerge about her wit. The more likely to use it. fi rst full conversation with a device, New York Times published an online Like Alexa, Google Assistant will give peppering in inside jokes along the story about how well she handled you weather reports, queue up music way. It’s not that far off . To imbue its conversation. To the question, What playlists, and control your smart-home countertop A.I. device with a gab- is the meaning of life Siri replied, To devices. At launch, it works with Philips worthy charm, Google has already think about questions like this, or I Hue lightbulbs, Nest thermostats, and hired talent from The Onion and Pixar. don’t know, but I think there’s an app Google’s Chromecast devices, which If Wall-E could win hearts without for that. With that dash of personality, allow you to stream music to external speaking a word, imagine what a she’d won our hearts. speakers or pull up movies on your cheerful chatterbox could do armed But most people don’t actually need television. You can also pair it with with the gobs of data we share with it Siri in their phones. A recent report Samsung SmartThings outlets to teach through casual banter. So for now, it’s e seg est as ived from the market research fi rm Creative it tricks like turning on a baby monitor just an appliance. But soon, you may Strategies found that of the people or brewing coff ee. Home also creates call it your friend.
Compass Quarterly 54 Innovation Milestones r r r T MI And CEO Nick Weaver is so confi dent Home offi ces run on game-changing in Eero’s streaming ability, he makes a services like Bench for accounting, Getting the Home Office Up to Speed T T solemn promise to entrepreneurs on the SquareSpace for websites, and Moo for business cards. All launched in 2016, here company website. “No more buff ering. are a few more to add to your toolbox: I I I No more dead zones.” Named after Eero Saarinen, the If 201 proved one thing about the architect and industrial designer behind American workforce, it’s that the corner works as varied as the Tulip chair and offi ce is offi cially dead. Long live the St. Louis’ Gateway Arch, the device corner offi ce. eliminates the single-router system. The majority of workers still go to “Relying on one router to provide
a place of business, yes, but it’s no Internet throughout your home is like r Work longer the absolute standard, and expecting a light bulb to illuminate The average American spends 2 hours professionals across the board crave your entire house. It’s simple physics. a year in traffi c. Wouldn’t it be great to get those 2,520 minutes back? Enter this a schedule that allows more fl exibility WiFi waves don’t travel through walls site focused on fl exible gig and career to contribute from home. A June 2016 or objects easily,” says Nate Hardison, opportunities. The ten-buck trial is a report from the Society of Human Eero’s co-founder and CTO. small price to pay for freedom. Resource Management found that “Nick approached me a few years Perhaps productivity is down because in the 20 years the organization has after we graduated from Stanford. He’d your home is where your heart — and all studied employee benefi ts, the desire spent the past decade playing IT admin of your distractions — are. This UK fi rm r o for telecommuting has gone from 20% for his friends and saw how challenging just teamed up with Podzooks for US distribution of its $30k “shedquarters”: to 60%. And the most recent Bureau of it was to set up routers and manage curved plywood walls, porthole windows, Labor statistics fi nd 38% of people in networks and how, too often, the WiFi and a gullwing door. Finally, an orb management, business, and fi nance simply didn’t work. WiFi is as essential a of one’s own. (and 35% of professionals overall) do utility as electricity, yet people are still There’s one guarantee to running a some or all their work from home. And hooking their routers up to Christmas home business — stress. Designed by it makes a diff erence. A survey from the tree timers to reboot them overnight. Harvard psychologists, this fi ve-minute- HR association World at Work revealed This is why we set out to build the best a-day meditation app reduces stress while increasing creativity and allowing that more than three-quarters of home system.” you, the blissed-out industrialist, to get a managers and staff polled globally said A common complaint about mesh good night’s sleep. workplace fl exibility increases employee networks is that installation can be engagement and satisfaction, and complicated. Eero’s is relatively hassle- Ryan Holmes, CEO of popular social- media dashboard Hootsuite, started more than two-thirds noted an increase free; all it takes is an app, attests propping his laptop on a box following r in employee motivation. Computerworld Contributing Editor a back injury. Now a more refi ned model There was another sea change in JR Raphael. A freelancer, he recently can be yours with the $25 Oristand, a portable, cardboard perch. Science 2016 that ensures working remotely moved into a larger home only to fi nd has linked sitting all day to higher death is a permanent way of life. The fi rst his best-laid WiFi plans were a joke. rates, so get fi tter by going bipedal for members of Gen kids born starting “My offi ce resides in a basement, so I parts of the day. in 199 joined the workforce at a fi gured I’d put an Ethernet port there for time when some 10,000 Baby Boomers reliably speedy Internet access, since retire a day). For them, and their the router was upstairs. As it turned how cool this thing looks.” One of Eero’s Millennial predecessors, it’s a nearly out, there was no great way to get a selling points is that it’s both compact even split between those who crave a hardwired connection to my ‘bunker,’ and elegant. The glossy white pods are corporate cubicle and those who want so WiFi was my only option. The fi rst about the size of a cheeseburger, but to plug-in from their living room or set day I tried to get online, I discovered stylish enough to sit out in the open. up camp in a coworking space. the signal was weak, bordering on “Apple and Nest have taught Flexibility is far more important unusable, so I ran out to pick up consumers not to settle for ugly than stability, so long as they an Eero. Within minutes, I had fast, gadgets,” says Hardison. “Traditional have the connectivity that makes dependable Internet at my desk and routers resemble spaceships with the a mobile workforce possible. The everywhere else in the house.” antennae and blinking lights. But this entire freelance/home business Basically, each unit covers 1,000 you don’t have to hide in the closet.” lifestyle — from garage startups to square feet and should be at least The working world is changing. kitchen-table operations — collapses 40 feet apart for download speeds Strong WiFi is as vital to the modern Work under spotty WiFi. Is there anything between 90 and 150 MBPS — yes, economy as the assembly line was to more frustrating than trying to meet a even in that formerly dead spot in the last century. “A network like Eero deadline as the signal keeps falling out? your rec room. Reviewers at Gizmodo can certainly address one hurdle of Have no dropout fear, the Eero is and Engadget have raved, the latter working from home,” says Raphael. The here. Launched in February 2016, it’s opening with “Before we get to its corner offi ce isn’t dead; it’s just in your the world’s fi rst residential WiFi system. blistering speeds, let’s start with just basement. Long live the corner offi ce.
Compass Quarterly 76 Innovation Milestones
The C ne a es a C e a Adapt
FROM SAN FRANCISCO TO NEW YORK, CO LIVING SOLUTIONS ARE GOING MAINSTREAM AND UPSCALE.
Whether in the form of a cozy studio or a three-story brownstone, for most Americans, the real estate dream has always been to have some room of one’s own. Good fences make good neighbors, the poet Robert Frost once wrote, summarizing a national sentiment that’s tended to prize privacy and personal space. But a remarkable new movement known as co-living or cohousing is disrupting this basic assumption about what desirable homes look like, instead embracing residential arrangements that encourage and facilitate built-in communities. An umbrella term, co-living encompasses a diverse array of options, from luxurious rentals where affl uent creatives bond over meditation classes and shared kitchens to back-to-the-land collectives intended for empty-nesters. The trend has been bolstered by a surge of entrepreneurial and development companies seeking to cater to the growing demand for co-living options, a rise precipitated by skyrocketing rents in major cities, an aging class of Baby Boomers, and a rising cultural tolerance for sharing. Even condominiums that aren’t expressly co-living oriented are off ering more and more communal amenities to draw in millennials. Over the course of the past year, the co-living phenomenon burst onto the public stage in major American cities, thanks in particular to the eff orts of two highly polished, well-funded start-ups. In April of last year, the property manager WeWork, valued at 1 billion, launched
Compass Quarterly 98 Innovation Milestones
Common eschews the comparison options.” Durrett helped popularize the to “adult dorms,” though the term and concept of cohousing in the Room Traits spaces — and the plethora of US after discovering such communities organized group activities including in Denmark in the 1970s. “ Are developers in three or five years going Presaging this co-living craze, the 2008 launch of Airbnb signaled book clubs and bowling outings — do These neighborhoods blend private that many people were willing to resemble collegial environments meant homes with large shared spaces and to be building units from the ground up, share their homes with strangers. to foster friendships between strangers. a philosophy of codependency. The Envisioned as an alternative “There’s a good segment of the Cohousing Association of the United to pricey hotels for short-term population that’s eager to have a more States estimates there are presently travelers, the peer-to-peer renting around 160 such communities in the designed for this concept? I have no doubt site has since inspired many social living experience,” says Jason surprising uses, thanks to its 60 Stoffer, a general partner at venture country, with another 130 in the process million guests and 600,000+ hosts. capital firm Maveron, which led a $7.35 of forming. They range from ventures about that. I think the appeal plays out across million Series A financing round for like Serenbe, a stylish New Urbanist Common in 2015. Stoffer now sits on its development outside Atlanta to the board of directors. “A big thesis of ours expansive Mountain View Cohousing multiple generations, multiple demographics, is that millennials in particular want to Community, a Bay Area hamlet of 19 work, play, and live differently than the condominiums whose units went for generations before them.” $900,000 to $1.1 million. and multiple types of housing.” Co-living — with its idealistic Especially when kids move away, When disasters strike, nearby empty undertones and potential to disrupt older generations find themselves homes are life-savers. Airbnb has a massive market — has become looking for living arrangements where assisted in 47 global emergencies; Disaster Relief during Hurricane Matthew, the company catnip for the VC community. WeWork, they can be helped and help each offered 3,000 accommodations in which has raised roughly $1.7 billion in other. “We have 20 seniors in the affected states for free. private capital, believes that WeLive will cohousing community I live in, and they account for 21% of its revenue (around wax about how much they learn from $605.9 million) by 2018, according to a each other and how much they need leaked investor pitch. each other,” says Durrett. “It’s palpable. Commenters have pointed out that You walk in, and you just see a lot of while co-living might seem unorthodox people doing things together.” by contemporary standards, modes of While the greater portion of the Companies such as Google and Morgan Stanley are increasingly putting collective living dot the history of human population may not be quite ready
Business Travel Business up traveling staff in Airbnb rentals, which civilization, dating back to inter-family for full-on co-living situations yet, a tend to be cost-effective and foster a hunter-gatherer tribes and medieval- number of real estate professionals are its residential co-living venture Common’s West Coast general communal vibe among colleagues. WeLive in Brooklyn and Washington manager. To date, Common has era common houses. With society already seeing reverberations in the DC, off ering furnished apartments received more than 10,000 applications showing a healthy appetite for sharing larger industry that appear to reflect available month-to-month. Then in for spots at its fi ve properties scattered economy innovators like Uber and a similar trend. “I think in this digitally December, Common — a co-living real throughout Brooklyn — including an Airbnb, investors are betting that co- connected world, people are looking to estate company that currently rents upscale, 20,000-square-foot, 12-suite living could start shifting the real estate be more physically connected to each shared spaces in New York and San complex in Williamsburg — and two paradigm in the near future. other,” says Stoffer. Home ownership Francisco — expanded to DC’s Shaw in San Francisco. Roughly half of the For people moving to a new city or “Are developers in three or five years has decreased dramatically for current residents looking for a change, going to be building units from the millennials; according to one estimate, neighborhood with a 24-bedroom unit. residents — typically professionals in Airbnb has become an exploratory tool,
By the end of 2017, they plan to open in the 20-to-30 age range — are new to ‘Hood-Hopping allowing prospectors to drop into a ground up, designed for this concept? roughly 70% of people in the 18-34 age three new cities. the cities. The appeal of Common, says neighborhood for a few days at a time I have no doubt,” says Stoffer. “I think bracket rent. Meanwhile, there’s been to get a first-hand feel for the locale. On the West Coast, California real Farrer, is, “about an idea of community, the appeal plays out across multiple a jump in demand among millennials estate fi rm OpenDoor specializes in co- wanting to know your neighbors, generations, multiple demographics, for smaller square footage apartments living, running three houses in Berkeley creating a sense of home through living and multiple types of housing.” in condos and rental buildings that and Oakland, including Euclid Manor, with others, events, and dinners.” In fact, the other segment of the feature plush communal amenities. a 6,200-square-foot mansion that’s Residents pay from $1,340 to $2,600 population which has expressed the Vegetable and herb gardens, dog home to 11 residents who cook, clean, for single bedrooms outfi tted with most interest in communal living parks, mini-movie theatres, and yoga and play under the same roof. In San West Elm furniture; Casper mattresses situations are Baby Boomers and studios are just some of the offerings Francisco, 21st-century communes like and Parachute linens are provided. seniors. “There’s a shift in the culture developers are increasingly including. In Assembly, the Loft, and the Convent Bathrooms are occasionally shared, as With house prices rising, some home where enough people feel like they the end, the ultimate luxury for today’s builders have begun designing don’t have to do what their parents plugged-in savants may simply be old- are fl ourishing, off ering digital nomads, are spaces like kitchens, living rooms, properties with paying guests in mind. entrepreneurs, and coders the chance and roof decks. Common living is fairly At the annual New American Home did,” says Charles Durrett, a California fashioned good company.
to pal around and network. cushy: cleaning crews come through Opportunities Developer show last year, a developer unveiled a architect who’s designed approximately 5,200-square-foot house that could 55 cohousing developments. “A lot “We’re seeing large numbers of weekly to keep things tidy, paper accommodate two families at once. people moving to major metropolitan products and kitchen supplies are of Boomers, after the experience of areas who need a secure, inviting regularly stocked, and utilities and WiFi putting their parents into assisted care place to live,” say Bridgette Farrer, are folded into the monthly fee. or nursing care, are looking for new
Compass Quarterly 10 11 nnovation Milestones
I T T ITI T T T T T TI I I IT T I M
n September 2 , 201 , resident bama introduced the usic in Fort Greene. Extant since 1 1, BA established last full site on the National all — the National useum of itself as a champion of progressive performance by the African American istory and Culture. To a crowd of ,000 1 0s, eventually tasking world-class architect ugh ardy invited guests (and thousands more watching on Jumbotron with transforming the decrepit Majestic Theater into the nearby he celebrated the completion of this testament to eponymous arvey Theater (no stretch for the performing the country’s narrative, a museum that takes visitors on an arts specialist, who also worked on adio City usic all and emotional eight-fl oor journey through slavery, emancipation, Lincoln Center . segregation, and forward into a brighter future. “I, too, am It’s now the most in-demand space within the BA America,” he said, paraphrasing Langston ughes. campus, which is currently undergoing a 2 million initiative “It is a glorious story, the one that’s told here... And it’s a that will physically link their three facilities. The surrounding story that perhaps needs to be told now more than ever.” As area, known as the BA Cultural District, is among Brooklyn’s visitors toured the 00,000-foot structure, many were both most desirable neighborhoods, with construction of a elated and overcome. 32-fl oor, residential high-rise, BAM South, currently underway. vernight, it became the most exciting site in our nation’s And American cities should prepare for more culture capital. pening weekend tickets sold out within an hour. Two shock. In 201 , The Nader Latin American Art useum will days later, advance entry tickets were booked solid through open in the heart of Downtown iami. When it does, it will the end of the year. In a city of museums, N AA C still be the largest museum of Latin American art in the world. manages to be a blockbuster, proving that dynamic cultural Designed by exican architect Fernando omeo, the institutions have the power to draw visitors — locals and out- plan features four colossal terraces rotating on an axis for of-towners alike — like nothing else. pedestrian use, a performing arts center, and restaurant, plus Inventively conceived by architect David Adjaye, two residential towers that will help fund the museum. the physical structure has helped to — subtly, In New York City, Diller Scofi dio + Renfro and the Rockwell elegantly — redefi ne the landscape of the National Mall. Group have designed the much-anticipated Shed, a six- “It’s an enormous museum, but most of it is underground,” story visual and performing arts center with an expandable says riston Capps, a writer for The Atlantic’s CityLabs. 1 ,000-square-foot roof’ that extends from the fa ade to “What you see is a jewelbox that fi ts existing sight lines and house additional events (New York Fashion Week has been suits its neighbor, the Washington onument, but what you eyeing the site eagerly . get is a much, much larger museum that’s invisible.” Four n the West Coast, San Francisco may be the most underground stories keep the profi le understated, but the exciting site for arts expansion — not with a museum or massive steel and glass box above is enveloped in a series theater, but an entire island. A former World’s Fair site, and of rising coronas (a reference to the capitals of Yoruban later a naval base, Treasure Island was recently approved columns and sheathed in a bronze-coated aluminum grill for a $1.5 billion redevelopment project. This promises 8,000 inspired by those found in African-American communities new housing units on the man-made island (no small prize in in Charleston and New rleans. utside, a substantial one of the country’s most expensive housing markets , as well Congregate covered porch, plentiful seating, and rippling water invite as 00 hotel rooms, a new ferry station, and an agricultural guests to convene in the shadow of the structure, taking in park, but most interesting may be the 0 million allocated to quintessential Capitol ill views. public art on the island. This could take the form of sculpture, If Adjaye’s creation exhibits the vitality of cultural light displays, performances, and festivals, and promises a landmarks, it’s only the latest in a string of recent successes draw to the space that exceeds the promise of a cheaper around the country. In iami, the once down-at-heel apartment or skyline views. warehouse district of Wynwood has transformed into some The potential is limitless, and today more than ever, it’s of the country’s most in-demand real estate, largely thanks spaces like these that beckon us beyond our doorsteps. As to a partnership between developer Tony Goldman and a new landmarks dedicated to our past and present rise across community of brilliant graffi ti artists, who made endless, America, we owe it to ourselves to come together and see windowless factory walls into their canvas. them fi rsthand. The Community Concourse, In New York City, countless similar projects have revived laces like the NAA and BA , and one day, Treasure neighborhoods, but none in recent memory was so eff ective Island, are what defi ne our cities. And what are cities if not the Reimagined as the renaissance brought on by the Brooklyn Academy of very intersection of humanity?
Compass Quarterly 12 13 Innovation Milestones
Boston is that some of the restaurants are among the best in the city,” says T M T I T I TI T Saito, “but hidden gems exist as well. We want to show people those, too.” TI I I I I TI M T M T n the other side of the country, LA’s Downtown is rapidly transforming Restore T TI T I I T from a purely commercial enclave to a buzzy place to call home. With its offi ce buildings, banks, department stores, and warehouses being reinvented as residences for the 58,000 Angelenos ising skyward over anhattan’s west becoming a new kind of nerve center. who live there, the neighborhood side, 10 udson Yards represents Here at the confl uence of the Potomac seamlessly blends historic architecture 2 stories of glass, concrete, and and Anacostia rivers, apartments, and modern skyscrapers. change; its ay 201 unveiling eateries, and offi ces are arising across And in San Francisco, the just- marking the offi cial debut of a 28-acre 2 acres of seaside property. announced arts and innovation redevelopment project decades in eanwhile, in Brooklyn, the neighborhood Shipyard will resurrect the making. Upon completion in 202 , emerging neighborhood of what was once a shipbuilding lot. the neighborhood — built entirely on Gowanus — once defi ned almost Helmed by starchitect David Adjaye, it platforms elevated above a working exclusively by its polluted canal — has will include more than million square rail yard — will feature roughly eight become an adult playground of feet of studio and exhibition space for million square feet of offi ce space (for sorts, with developers using the land 00 of the area’s artists. companies that include Coach, B , to attract outdoor enthusiasts with “There’s always been the client who and TimeWarner , ,000 square feet of archery, climbing walls, shuffl eboard, wants the shiny new building, the Whole dining options (curated by Per Se chef and tennis courts. Just a few miles Foods,” says Saito. “But more and more, Thomas eller , ,000 residences, and north, construction began on Dock developers are also coming around four acres of green space. 72 in the Navy Yard, a onetime hub of to the thinking that there’s a segment The massive project — the biggest shipbuilding innovation and present of people who cherish the unique private development endeavor the site of New Lab, an 84,000-square-foot character of a neighborhood. They US has ever seen — is expected to space housing entrepreneurs working want to help preserve that. So do we.” cost upwards of $20 billion. It’s also on robotics, artifi cial intelligence, and expected to add $19 billion a year renewable energy. to the local economy, poignantly East Boston developer Gerding Edlen reinstating this site — historically known approached The Eddy, a 1 million for accepting people and products mixed-use development, with an eye into the city — as a thriving center of towards honoring the community’s economy. “When complete, udson history. The name is an homage to Yards will see more than 12 ,000 Robert Henry Eddy, who created some Re o t o people working in, living, or visiting of the earliest maps of East Boston; the neighborhood each day,” says the buildings, fi ttingly, were designed ett ro en immel, CE of udson Yards to preserve waterfront access and ov t o nt it in a t t i a a tin a brainchild Related Companies, who coastal views. unning along four n i o oo o n a i worked especially hard to install acres of property previously zoned for ontin to an marquee names that include Jos exclusive maritime use, it’s now open Andrés, Costas Spiliadis, and Danny to the public. “By their nature, buildings eyer on the food side, and Neiman create physical barriers,” says Gerding In New York, the $2.4 billion extension of the subway’s 7 line r Marcus (Manhattan’s fi rst) on the retail. Edlen president Kelly Saito. “We did our now connects the far west side to Hudson Yards is but one example best to not be an impediment to the Times Square. Meanwhile, LA is of an increasingly pervasive trend neighborhood.” bolstering its famously underused transit system to keep up with ne in which the most anticipated That included strategic positioning Downtown’s development. redevelopments across the country on a corner lot and integrating new are working with, and not around, green space with an existing park. In 2014, New York’s Water Taxi their existing spaces — many of them And, of course, helping boost the launched a route between Hudson Yards and the Financial District. commercial or industrial areas that had neighborhood’s food culture, and err e been left for dead. economy, with a new eatery run by LA’s Metro Bike Share launched in America’s Industrial Past Gets Washington DC’s Southwest one of Boston’s most celebrated chefs, July 201 and is already planning Waterfront, home to the country’s Marc Orfaly, and a ferry between the expansion to Venice and Pasadena. longest continually operating open- Eddy pier and Charlestown across the a Home Makeover The forthcoming East River Skyway air fi sh market (since 1918), is quickly bay. “One of the biggest draws of East promises to transport ,000 people an hour between Manhattan oot and Brooklyn .
Compass Quarterly 14 15 Innovation Milestones
RESEARCH SHOWS OUR INDOOR AIR IS FULL OF HARMFUL CHEMICALS. BUT NEW MONITORING AND PURIFYING TECHNOLOGIES ARE MAKING IT EASIER THAN EVER TO BREATHE AND THINK, FEEL, AND SLEEP EASIER AT HOME. Revive
In the past few years, we’ve undergone a health awakening certifi cations, like Fitwel and the Well Building Standard, that has extended beyond tracking our steps, bedtimes, and that signify the healthfulness of an offi ce, hotel, or sinful bites to each inhale we take under our own roofs. Enter apartment building. the new u oo indoor air toxin sensor. The sleek hourglass- Delos, a wellness real estate and technology fi rm, is shaped gadget, about the size of a soda can, busily monitors behind the Well Building Standard. The company paired an unprecedented number of air contaminants. with the Mayo Clinic in Rochester, Minnesota, to create “U oo has eight dedicated sensors — the most on the a specialized lab devoted to studying how the makeup market,” says Dustin Jeff erson Onghanseng, who came up of the air inside our homes (along with light, sound, and with the idea for the tool with Brian Lin during a 2 -hour temperature) boosts or busts our mood, health, and hackathon. Users can keep tabs on temperature, dust, volatile productivity. With those fi ndings in mind, Delos also designed organic compounds (VOCs), and humidity — plus carbon health-minded amenity packages in assachusetts’ new monoxide, carbon dioxide, ozone, and air pressure to boot. mid-rise Fuse Cambridge apartment building. Among the Why the need for so much information? Well, we spend off erings are primo air purifi ers that wipe out everything from 0% of our time inside, and that trapped, recirculating air is pollen to pet dander to neighbors’ cooking aromas. defi nitely dicey. In fact, it might even be more polluted than Those who buy the multi-million dollar condos in aha the toxic brew you inhale while walking outside in some of the Hadid’s New York City work-in-progress, 520 West 28th world’s smoggiest cities. Study after study in recent years has Street, will enjoy indoor air that’s been fi ltered a whopping shown that breathing unhealthy air can exacerbate allergies four times. And luxury developers known for adding a LEED- and asthma, cloud concentration, disrupt sleep, and even certifi ed sheen to old homes, like Troon Pacifi c Custom trigger illness. Residences in San Francisco, are considering their potential And now that we’re enlightened, we want to root out, buyers’ health as well as the carbon footprint by installing name, and eradicate all of the invisible contaminants in state-of-the-art ventilation systems and formaldehyde-free our homes. So it should be no surprise that people started cabinetry. Starting this year, builders can even fi nd drywall clamoring for uHoo (a play on the Chinese word yohoo, which that absorbs airborne chemicals. means “excellent breathing”) well in advance of its offi cial Air purifi ers themselves have undergone a revolution in spring 2017 release. Consumers are racking up pre-orders response to this clean-air craze. And some of the newest through uhooair.com, and “we already have a smart city models are impressively innovative. Take the olekule. project in Europe and are doing live pilots with property Instead of relying on a conventional HEPA fi lter to trap developers in Asia,” Onghanseng says. chemicals, this contraption breaks them down at the The Singapore-based creators, both of whom suff er from molecular level into water and carbon dioxide. The creator, chronic respiratory conditions, also designed u oo with a chemical engineering professor, spent 20 years perfecting education and data-sharing in mind. inute-by-minute air the seemingly space-age product. quality data is delivered to and stored in your smartphone Even the household giant Dyson has jumped on the so you can easily spot trends and send them to your health breathe-better bandwagon. Its Pure Hot+Cool Link is a practitioners. retty much the only thing the u oo can’t do fan space heater combo that claims to remove . % of is actually clean your air, but it will alert you to troubling allergens and pollutants using a 360-degree glass HEPA fi lter. levels of any of eight measurables and give specifi c advice ut the device on “auto mode,” and it will constantly respond for suggested remedies (i.e. check for a gas leak, open a and adjust to your home’s temperature and air quality. Link window, or rethink your chemical-heavy cleaning products). it to your smartphone to track pollutant levels in real-time as Eventually, the u oo might follow in the footsteps of well as study trends over the course of a day or week. Awair, an air-quality monitor released in 201 that, last Dyson uses Breezo eter to relay this information — which July, announced an integration with Nest, Amazon Echo, happens to be the same tool that real estate agents have and IFTTT to make it an IoT (“Internet of Things”) product. started co-opting to provide potential buyers with the air That means that it can communicate with other devices pollution levels of specifi c neighborhoods or blocks. in your home — like an air purifi er or de-humidifi er — and So, sure you could get a temperature-regulating, automatically activate them based on its readings. sleep-tracking mattress or a mood-enhancing lamp to The company behind this device, Bitfi nder, is targeting feel healthier inside your house. But to take the most holistic Raising the Oxygen Bar real estate developers and builders, as well as individual approach to wellness at home, you’d be wise to improve consumers. A smart move now that we have building on — or invest in — that invisible element we can’t live without.
Compass Quarterly 16 17 Innovation Milestones
A New Dimension to Interiors
HOW VIRTUAL REALITY AND 3D PRINTING ARE CHANGING HOW WE MAKE A HOUSE OUR HOME.
To bring a three-dimensional idea to life, we humans tend to sketch a two-dimensional prototype. Initially, we scrawled on the walls of caves. Then, with the advent of the printing press, we began translating our ideas on paper. ver the last decade, computers have fi nally made it possible to bypass the 2D phase of idea generation. But, until now, you needed a master s degree of expertise to take advantage of these new technologies. So when the extraordinarily intuitive D app Tilt Brush became available to the general public last April, it marked a seismic shift in the history of human creativity. Tilt Brush enables you to “paint” in three-dimensional space with a wide variety of colors, brushes, and textures. To scale, rotate, and walk around your work. To import D models into it. Even to sync your images with music. Indeed, with Tilt Brush, you can create an entire world from the virtual ground up. This past August, indie-rock band Ball ark usic, unveiled the fi rst (though certainly not the last) music video made with Tilt Brush. It featured visually drawn lyrics that pulse with the beat, colorful laser beams, and all manner of trippy scenes. “As someone who’s spent a lot of time in virtual reality and Tilt Brush,” director Jaymis Loveday explained on eddit, “the piece is kind of exciting, but not mindblowing. For people who don’t V , their brains have been unilaterally melted.” Even though the environment you create in Tilt Brush only exists through the lens of an TC Vive virtual reality headset, a new wave of D authoring tools with real-world applications are already hitting the market. eleased last ctober, the aint D app for Windows 10 empowers the masses to create in D and share the results across Cs, smartphones, tablets, and the oloLens — icrosoft’s “mixed reality” holographic visor that enables you to overlay digital D content onto the physical world. When it comes to re-imagining your home, the possibilities are literally endless. Say you’ve been thinking about changing the color of a pendant light in your foyer from white to black. Simply scan the white fi xture, upload it, paint it black, don your HoloLens, Design and “install” the digital version in your actual foyer. If you like what you see, export your creation to a D printer. In other words, you can now make it real.
Compass Quarterly 18 19 Innovation Milestones
rontlines o ome urnishings largest free-form 3D printer — invited Retail hera y An increasing number of professional architectural fi rms and amateurs alike designers are uploading 3D printable to submit prospective designs for ust because online shopping is fi les to Shapeways — the go-to America’s fi rst single-family, free-form, becoming more immersive doesn’t mean brick-and-mortar stores aren’t 3D-printing service and marketplace. 3D-printable home. “ The 3D revolution has only just begun. It will keeping pace. Showrooms are going “Even a novice like me can build off The winning entry, by Chicago- to great lengths to enhance the IRL their designs,” says Shapeways VP of based fi rm Curve Appeal, was an experience, and Pirch, the high-end home chain that burst onto the Community Engagement Rebecca undulating, futuristic-yet-functional be more intuitive than sketching on paper and scene in May 2016, provides the most Fretty before reeling off several living structure, construction on persuasive picture of the future. creations on the site that have caught which is slated to begin this year in Populated with wares by Bertazzoni, will democratize the design process.” her eye: “Custom planters, switch Chattanooga. La Cornue, and Viking, domesticity plates, tableware accessories like Branch Technology also recently has never felt so decadent. Better yet, at its 32,000-square-foot napkin rings and wine stoppers. Like partnered with acclaimed New York New York City fl agship — not to me, I think people just want everything City architecture fi rm SHoP on a pair of mention outposts in LA, Atlanta, and to feel more personal.” trailblazing structures to demonstrate Dallas — every faucet, grill, and oven is ready to be test-driven. To that end, Shapeways has the sheer beauty of digital fabrication. Indeed, even taking an in-store Digital Design Assistants partnered with designers across many Inspired by the shape of a jellyfi sh, these shower at Pirch is encouraged. Simultaneous with the release of Paint 3D, Microsoft verticals. ust last year, it collaborated two pavilions, “Flotsam and etsam,” Because some experiences simply announced a partnership with the world’s largest home with Philips and HP to showcase the formed the gateway at December s can’t be replicated. renovation platform, Houzz, to capitalize on the new app’s technology’s endless potential as well Design Miami exhibition before moving interior design potential. In the launch demo, a customer as the capabilities of its 5,000-square- to a plaza in the city’s Design District. browsing the popular site selects a chair, then pulls it into foot factory in the ueens section of “We don’t want this to be a one- his living room with a HoloLens. At $3,000, the gadget isn’t New York City. off thing,” SHoP cofounder Greg D erywhere exactly a mass product, but this spring, Microsoft will put out But let’s say you’d rather leave Pasquarelli has said to the fi ve-year- With Facebook 360 — a photo and a line of mixed-reality visors starting at an accessible $299. product design to the experts, old industry news site 3ders.org. video feature powered by Oculus, the In the interim, home retailers from Wayfair to Lowe’s leveraging the power of 3D printing “Sometimes you have less ability to social network’s own VR arm — it’s easy (another Microsoft partner) are busily digitizing their catalogs to acquire their work on a limited- be experimental with a 1,000-foot- to recognize the potential embedded in ENVIRONMENT for 3D viewing. Similarly, Ikea’s pilot app, The IKEA VR edition basis. OTHR, a New York City tall tower so you take opportunities these cutting-edge tools. All of your surroundings are virtual. Experience, invites you into a virtual kitchen, encouraging startup launched in May 2016, enlists with smaller projects to push what Take house-hunting. Where we once Nothing is real.
Virtual Reality Virtual you to provide feedback as the company fine-tunes its own some of the world’s most acclaimed you can do. The speed at which lost our precious weekends to hopping DEVICE you can do small projects like this is HTC Vive; Google Cardboard; ambitious forays into virtual shopping. talents to craft sleek, heirloom-quality, from open house to open house, soon Oculus Rift; Playstation VR Meanwhile, several new online retailers have combined 3D-printed objects that look and great since you can test new ideas brokerages and agents will be posting
PRICE Ikea’s flat-pack model with innovative tech to offer feel as if they were handcrafted. and these then seep into your hand links to 3D tours on Facebook that we $15 to $799 unprecedented degrees of customization at a fraction of Every two weeks, OTHR debuts a new and eye, eventually impacting how can take while waiting in line for lunch. the cost. The best of this trend, Tylko — a Polish word that piece: a porcelain bookend; a bronze you design in the next few years.” Where we once shared interior design translates as “the only one” — offers bespoke shelving, as well cake knife; a geodesic steel bottle Beyond 3D printers, architects are ideas via 2D images on Pinterest, Reality Show as a table template conceived by the legendary SF- and NY- opener. Each piece gets marked with increasingly using virtual reality to invite soon we’ll be fi elding feedback from based industrial designer (and Tylko backer) Yves Béhar. a serial number, and once it sells out, clients and curious fans alike to explore our friends in the form of immersive VR still passes muster as a catch-all Tylko’s augmented reality app and desktop platform it’s gone forever. By 3D-printing objects life-like, digitized versions of their environments. Anytime you decide to term. But last July, when Pokémon Go exposed a breed of digital monsters enables you to visualize what a table or a shelving unit will in small quantities, OTHR incentivizes structures with the aid of a headset. rearrange the furniture in your living living in our real-world midst, a actually look like in your home; the basic shape remains designers to take greater risks while When Manhattan-based Danish room, or think about swapping out your new term popped up: augmented consistent, but you have free reign in determining the right ensuring the singular nature of your starchitect Bjarke Ingels unveiled his couch for a custom loveseat, you’ll be reality . It describes a different type dimensions to fit your space — not to mention your budget. purchase. Everybody wins. spectacular Serpentine Gallery Pavilion be able to compare a cross-section of of immersion, one likely to have a Each time you adjust the measurements, the color and in London last une, it was accompanied reactions from the people you trust. greater impact on our daily lives. by a VR component that empowers Here’s how they stack up. density of the wood, or the number of rows and columns in a e t en Ar hite ture “The 3D revolution has only just shelving unit, Tylko provides you with an updated price quote. While today’s mass-market 3D printers anyone to stroll along its curving wall of begun, and 3D literacy is already Béhar dubs this self-empowering approach to furniture can only produce pieces at object- translucent fi berglass blocks, step inside starting to penetrate,” says Oluwaseyi shopping “adaptable authorship” — and it’s going to become scale, it is now possible to conceive of its cavernous interior, and experience Sosanya, co-founder of Gravity Sketch. commonplace much sooner than you think. a future when anyone with suffi cient its spellbinding optical eff ects. Initially conceived as a 3D authoring You can also say goodbye to the days of taping paint means and desire will be able to The implications for anyone who tool for professional industrial designers chips to your wall; with Home Depot’s Project Color app, design and print their own house. A commissions an architect from here in 2013, the pioneering London startup simply hold your camera phone up to your room, then click- Chinese construction company called on out are clear: while you may has partnered with Shapeways and will paint your walls to get a realistic sense of how one out of HuaShang Tengda accomplished the not be able to make heads or tails release a new-and-improved version of a 2D blueprint, the opportunity ENVIRONMENT 1,000-plus hues plays with your décor. Cabinet Collection, a feat last summer, using ten 3D printers of its app this month, aimed at a Real surroundings with virtual Dallas-headquartered custom kitchen outfitter, offers an even to build a two-story concrete villa on- to wend your way through a life- mass audience. elements mixed in. more immersive shopping experience: once you’ve settled on site in just 5 days. like simulation of your prospective “It’s going to be more intuitive than
Augmented Reality Augmented DEVICE your specs, they’ll transform 3D renderings of your renovated No sooner had it been dream home (before the contractor simply sketching on paper,” Sosanya Microsoft HoloLens; Epson Moverio; kitchen into a 360-degree environment you can explore via completed than Tennessee’s Branch starts making it a reality) is bound to promises. “We will democratize the Google Glass; any smartphone the cheapest VR headset on the market, Google Cardboard. Technology — inventor of the world’s ensure a far more favorable result. design process.” PRICE $0 to $3,000
Compass Quarterly 20 21 Innovation Milestones
The event in Guadalajara, Mexico, had all the trappings of a Silicon Valley I I T T T T T product exhibition — a darkened auditorium, an audience of adoring I I TI I IT fans, and a keynote speaker with megawatt charisma showing off a slick I M I IT I I T PowerPoint presentation. Explore The diff erence being, that speaker — Space CEO Elon and Aerospace Engineering at impressive, has already been shown to Musk — wasn’t stepping out to show Cornell. “We’ll do better — explore be far from foolproof. Last September, off a new laptop or revolutionary more, discover more — as spacecraft a Falcon 9 rocket burst into fl ames as smartphone. “What I really want to engineering comes to resemble it lifted off . The ensuing combustion achieve here,” he said in his opening successful examples like consumer destroyed all of its cargo. (Thankfully, no statement at last September’s electronics and automotive people were harmed, and investigators International Astronautical manufacturing.” are still looking into the source.) “The Congress, “is to make Mars seem That’s not necessarily a job explosion is defi nitely a concern,” says possible — something we can do in our Space will be able to do entirely on Michael Shara, Ph.D., curator of the lifetimes. And you can go.” its own — and there are already early Department of Astrophysics at the Musk is known for making such signs that the company is willing to American Museum of Natural History. bold promises; he’s the same guy who collaborate with related agencies and “But remember that lots of early NASA made electric cars sexy again as the manufacturers. Last April, for instance, rockets exploded, too.” owner and CEO of Tesla and who they announced a partnership with Critics, meanwhile, have also begun revolutionized digital banking with NASA in which the government will to cast doubts on Musk’s ambitious PayPal. There’s a reason he’s reported provide technical support for upcoming timeline and relatively conservative to be Robert Downey r.’s model for missions in exchange for data. In budget. “The proposed cost of $10 portraying the overconfi dent genius 2015, Space also accepted a $1 billion should be multiplied by at least billionaire Tony Stark. But unlike IronMan billion investment from Google and a factor of 10,” says Adam Bruckner, and his fl ying suit, Musk’s plans will Fidelity — Google, it’s worth noting, also Ph.D., a professor at the niversity require far more than CGI magic to owns Skybox Imaging, a company that of Washington’s Department of bring them to life within a decade. manufactures high-resolution satellites. Aeronautics and Astronautics. Last April, Space took another big Going forward, they could also explore “People forget that Mars has a step toward making Mars colonization partnerships with companies like Texas- hostile environment, colder than a reality by 2026 — its intended based Nanoracks, which is already Antarctica,” adds Bruckner, “with a thin, deadline — with the successful landing operating a laboratory in space, or mostly-C02 atmosphere that doesn’t of a Falcon 9 booster rocket on a drone Las Vegas-based Bigelow Aerospace, block V radiation.” ship in the Atlantic Ocean. On a typical which builds lightweight, durable space Given the scope of Space ’s mission, the booster rocket — which habitats. So far, though, there is no ambitions, setbacks and cost overruns provides the primary source of evidence to suggest those partnerships may be inevitable. Through trial and thrust — would simply fall back to Earth have been explored. error, Musk and his engineers no doubt and splash into the salt water after But for Mars colonization to be truly hope to foolproof the launch process propelling the launch vehicle into orbit. realistic, Musk concedes that Space over the next decade, while honing their The corrosion would render it unusable will also need to build one of the largest fi nancial projections. In the meantime, for future missions. spacecraft in history — one capable of they’ll remain focused on their more The Falcon 9, however, is able to carrying hundreds of people, as well as immediate goals, which include the burn its remaining fuel reserves during enough cargo to sustain a small colony. development of the company’s most this descent period and gradually lower ust to achieve orbit, that means powerful rocket, the Falcon Heavy, itself back onto a drone ship’s landing Space would need a rocket more expected to launch in early 2017. pad. This means Space can use one powerful than the Saturn V used on the If that goes as planned, it would rocket multiple times — drastically moon missions, which was retired in keep Space on track for its most cutting down on the cost per mission. 1973. Even then, the shuttle would still ambitious short-term goal — the launch This development factors into Musk’s need a signifi cant amount of fuel to of its Red Dragon space capsule in long-term plans in a critical way. “If begin its journey to Mars. Musk hopes to 201 , an unmanned mission that will reusable rockets drive down the cost solve this problem by having that same serve as its fi rst offi cial attempt to safely of launch, we’ll see more launches, booster rocket detach, return to Earth land a spacecraft on the surface of more rapid technology advancement, multiple times to refuel, and then bring Mars. It will also be a make-or-break and ultimately more demand that can spare fuel back to the shuttle. moment for Musk to prove that he’s able An Intergalactic Home Address sustain an economy beyond Earth,” says There are obvious concerns to deliver on what may be the biggest Mason Peck, Ph.D., associate professor surrounding this plan — chief among promise to humanity that anyone has is on the Horizon in the Department of Mechanical them that Space ’s technology, while made this century.
Compass Quarterly 22 23 Milestones Value of active sales exclusives nationwide agents of Number Total square feet of office space
$1.3B 454 219K
LEADERSHIP On the Threshold New cities, new time zones, new ideas — Compass’ two founders reflect in marketing — it’s time to raise the roof. on the past year and predict what’s to come for the company. EXPANSION ACQUISITION “As we launched in cities as West World Peak Conditions diverse as Aspen, Cambridge, — — and San Francisco, I spent a lot On February 4, Compass continued Venturing into the $2 billion luxury of time in each and observed an our steady ascent up the California empire that is Aspen real estate, we important consistency. No matter coast, setting up shop in Montecito. joined forces on March 31 with Shane the ZIP code, I witnessed agents The region extended a warm welcome, Aspen, the region’s foremost brokerage A Year in Review and staff working together with with 21 leading agents coming aboard of 22 years. From San Francisco’s shores to the slopes of Aspen, the Compass the singular goal of elevating within the first three months. That set client service. I anticipate 2017 the precedent for our growth strategy difference is hitting home. Punctuated by new markets, technology “I’d been approached by numerous will mean even greater strides throughout 2016. other national firms looking to expand launches, and an ever-evolving brand, every quarter we accelerated our against market leadership from into Aspen, but none of them made business strategy, solidified the pledge we make to our agents, coast to coast.” “This year we experienced a shift every sense. Compass is the only brokerage and raised the bar for our clients nationwide. — Robert Reffkin, CEO growing firm aspires to, no longer I’d encountered where the leadership is pushing into new markets so much as comprised of top minds from business, “From building efficiencies into being pulled into them. We expanded finance, marketing, and technology.” vital processes, to democratizing our footprint in regions where —Steven Shane, Managing Director-Aspen real estate data, to optimizing we’re already operating, letting the client-agent collaboration, this surrounding submarkets’ demand for year surfaced tremendous a better real estate platform guide our DESIGN advances. I have every confidence growth into 18 new offices. This focus A Real Estate Magazine, that 2017 will usher in even on depth led us to achieve our first Reenvisioned more truly transformational double-digit market share figures.” — technologies for agents and —Rob Lehman, Chief Revenue Officer Following its 2015 debut, Compass clients alike.” Quarterly came into its own with — Ori Allon, Executive Chairman a vibrant sophomore edition, The Active Life, in March. In rapid succession, Luxury and Gatherings issues followed. Envisioned by our in-house creative agency, the team constructed sets, art-directed shoots, and commissioned the foremost illustrators, writers, and photographers to capture each theme in its finest light.
Interest piqued? Peruse our archive at compass.com/quarterly.
Compass Quarterly Illustration: Nick Almquist, Andrew JeffLai, Rutledge, andPaul Vlachou 24 25 Entrepreneurship Milestones
TECHNOLOGY Industrial 11K Valuations completed in 2016 Value of active sales exclusives nationwide agents of Number Total square feet of office space
Revolution
$2.3B 646 243K — 800 Racking up more transactions in Collections created within the tool’s first month of release 17% 2016 than any other Compass IONS ECT LIS OLL TI agent in their market, these 11 C NG PR ES real estate pros deftly navigate EN TA TI their landscape with a mix of our ON 8 proprietary tools. Here, they zero % People are the foundation of everything in on which of our time-saving
C products really moved the needle O % M 5 P we code, craft, and calculate. for their business this year. . A 2 S 1 S
S M E A M R O K H E T S S TEAM TECHNOLOGY S A 1
P 2
M . A Grand Total Zeros + Wons 5 O
% — — C Spanning the business, tech, and creative Amazon Our Product and Engineering teams Apple spheres, our diverse community leverages Calvin Klein released two new tools this quarter intelligence gleaned from the foremost firms Cisco with the prospective homebuyer in Coach D across every vertical, as seen from the pedigreed mind: Open House and Toursheets. E
Condé Nast A
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% list here — all companies to which our staff has FactSet 8 C
L FX H O formerly contributed. “We assemble the best minds from a C S R GE E A R E variety of backgrounds, because Google S 8 Herman Miller when innovative thinking is shared Our Prolific Agent Panel % Kaufmann Mercantile between talented engineers and Diana Braun BEVERLY HILLS LinkedIn Charles Celesia MIAMI 1000 L’O r e a l agents, we can change the industry.” Tracy Do PASADENA In May 2016, our combined agent and staff Paperless Post —Liming Zhao, Chief Technology Officer Russell Grether MALIBU count hit four-figures, a company touchstone. Palantir Eugene Litvak NYC Percolate By our November press date, we cleared 1,400. Monica Pauli SAN FRANCISCO Pixar When used in tandem, they help Ryan Persac BOSTON The Knot “Compass is successful because exceptional staff Compass agents provide clients Steven Shane ASPEN N % Toms ET 17 Stan Tabler SANTA BARBARA-MONTECITO WO N and agents have been recruited at every stage Uber with a streamlined property-hunt RK IO The Kulman Team HAMPTONS 1 AT Vimeo 7% LU of our growth. For staff, we run a rigorous process — from before you’ve even The Mandy and David Team DC VA Warner Music Group process, hiring fewer than 0.1% of applicants. Wealthfront arrived at the first showing. On the agent side, we only invite agents known WeWork Zenefits to have high integrity, high production, and Open House a collaborative mindset.” —Ciara Lakhani, Head of People & Culture Network Deal Closer Compass Homes “Since every market is unique, we Proffering real-time data on By tracking the transaction Our first mobile app, it the most active realtors for minutiae at every stage, this allows agents to centralize spent considerable time this year Allows prospective buyers to any customized search area, tool allows agents to focus on their business on the go, understanding agent workflows. AGENTS seamlessly sign in upon arrival it helps Compass agents find negotiating the best deal. accessing new-to-market The goal? Building tools flexible and Now Trending at the property and receive the optimal buy-side brokers properties and seamlessly future updates from the seller’s within the community. Listing Presentation communicating with clients. nuanced enough for use by brokers — A marketing piece aimed at listing agent. in different regions, with different Every summer, The Wall Street Journal partners Lindsay Barrett Search homesellers, this portfolio Compass Markets Debra Bondy Customized fields and is designed for digital As the only app to put real- transaction processes, and different with industry think tank REAL Trends to honor Toursheets Jeannemarie Conley unparalleled filters allow customization, letting agents time residential real estate client needs.” the top 1,000 residential brokers in the nation. Nick Gavin & Josh Doyle Compass agents to conduct easily integrate their personal market data at the fingertips precise property inquiries narrative with our company of agents and consumers, it —Christina Allen, Head of Product Compass was well-represented in 2016 as home to Julia Hoagland Dylan Hoffman in seconds. differentiators. provides access to the most no fewer than 19 elite members on this year’s list. Doug Leibinger recent transaction data as Ed Petrie Valuation Collections well as historic sales trends. Steven Shane Works with Google Maps to Aggregating comparable Launched in November Courtney Smith & Kurt Wisner route the most expedient path properties, historical trends, '16, the shared interface Power your search and sell experience with our apps, The Hustis/Jovanovic Team from one property to the next, and neighborhood value promotes client/agent downloadable for your The Leonard Steinberg Team while its calendar function data, this tool provides a collaboration, organizing iPhone or iPad. The Mandy & David Team can import addresses and comprehensive, competitive properties of interest for joint The Wesoky Dawson Team appointment times directly into price estimate. decision-making. a client’s mobile phone.
Compass Quarterly 26 27 Entrepreneurship Milestones
INFRASTRUCTURE In Good Company — In September, we closed our Series D financing, a round led by Value of active sales exclusives nationwide agents of Number Total square feet of office space Wellington Management with returning investors including IVP
and Thrive Capital. Together they have a track record for aligning
$3.2B 791 284K with some of the country’s most game-changing startups.
Denoted here by shape, our major investors have overlapped on several successful companies before backing Compass.
The caliber of our agents, investors, PINTEREST and engineers opens doors. Wellington Management WAR and Thrive have taken AIR N PARKER turns investing in health IVP and Wellington AGENTS DESIGN insurance startup Oscar. Kaitlin Adams / NYC have jointly helped fund Red Carpet Real Estate Résumé: 60 Minutes, CBS News, TMZ, Anderson By the Book healthy home giant — Cooper’s daytime talk show Anderson — The Honest Company U ER WEWORK Roles: Assistant, producer, correspondent and education pioneer July marked the debut of Compass This fall Compass’ creative studio released General Assembly. Sports/Entertainment, a subset of Tori Barnao / LA a monograph of our aesthetic and brand OSCAR our brokerage dedicated to high- Résumé: Warner Bros. Records philosophy. The bound volume addresses Roles: Marketing, label management, A&R WELLINGTON visibility clientele. This group of 35 our typography, pattern library, and agents partners with athletes and Gersh Gershunoff / LA imagemaking, all conceived to elevate Résumé: Interscope Records GENERAL entertainers, leveraging their own Roles: Drummer, sound engineer everything from ads to signage, agent ASSEM L professional pasts to assist today’s logos to digital interfaces. Steve Halpern / NYC celebrity clients. Consider this a Résumé: Columbia Records ARTS sneak-peek at some of the division’s Roles: Producer, bass player, rapper specialities: EXPANSION Jeeb O’Reilly / LA Résumé: Universal Amphitheatre Bay Watch THRIVE MAPLE Roles: Assistant director — THE HONEST COMPAN Aaron Seawood / NYC September marked our arrival in SF. We Résumé: Virgin Records immersed ourselves in the city’s startup USTWORKS Roles: Executive producer, scene, setting up shop in a Financial artist manager, A&R District WeWork space as we await the Steven Shane / Aspen glorious restoration of Ghirardelli Square, Résumé: A six-store snowboard empire CLASSPASS Role: Owner the future home of Compass San Francisco.
IVP TWITTER SLACK AGENTS Biggest shift since you started: Innovations already outmoded: Industry game-changer: Melinda Tamkin / LA / 16 years As foreign buyers enter the US market Guided Brent Watson / LA / 24 years Toni Haber / NYC Heidi Houston / Aspen / 33 years at an increasing rate and US buyers I would say the abolishment of the Beepers were the first major advance Sourcing any info on your mobile look abroad for opportunities, I see AD 20-pound MLS listing book following in out-of-office communication. I device, instantly sending property continued growth and ease in making by Voices the computer’s miraculous creation! wore it on my belt loop and felt cool images to clients, and being able cross-border real estate investments. Our company’s It used to be hand-delivered to whenever I got a beep! to give altitude, sun direction, and messaging platform of brokerages; now it’s all online. room measurements on the spot. Scott Strough / Hamptons choice, Slack received — Scott Strough / Hamptons / 31 years With an uptick in property-focused capital from both Compass’ most tenured Sheila Mooney / DC / 28 years I carried around my first cell phone in Sheila Mooney / DC TV shows and ads, it’s become cool Thrive and IVP. agents compare notes The ability to work from anywhere. a small suitcase! So big and clumsy, Docusign! We used to hand-deliver to design, renovate, and play the When fax machines were new, I’d it took up the passenger seat of documents all across the city at all and anecdotes on how the market. Real estate is a financial pack mine on beach trips. That alone my car. The next to go will be small hours to complete transactions. venture with an artistic expression. industry has evolved over was a great leap in mobility! boutique brokerages as the industry “We’re fortunate that investors globally share a growing consolidates more and more. Butch Haze / SF / 13 years the decades. Rick Teed / SF / 15 years excitement about what we’re building. They’ve empowered Toni Haber / NYC / 33 years Zillow got everyone talking about Agents will soon show homes using Our listings used to be printed on Scott Tamkin / LA / 16 years real estate. People could quickly Oculus VR headsets and appoint us to innovate and scale rapidly in this massive market, one flashcards, and if you had to make In terms of tech flops, the biggest was find out what their neighbors paid robots to host open houses. Yet which they perceive has long been ripe for change.” a call while out and about, you the short-lived QR code. It was overly for their house. They became for all these advances, tech hasn’t searched for the nearest pay phone. complicated and just never took off unofficial real estate investors, replicated the incomparable human —David Snider, Chief Financial Officer Oy—I’m dating myself! in real estate. tracking the market like stocks. element agents provide.
Compass Quarterly 28 29 Entrepreneurship Milestones
NEIGHBORHOODS The Bay Area’s Sunny Side The Capital’s Trifecta Miami’s Next Big Thing Neighborhood of note: Noe Valley Neighborhoods of note: Where North Neighborhood of note: North Beach Areas of Preferred stock: Elegant Victorian Shaw, U Street, and LeDroit Park unite Preferred stock: Midcentury low- and Edwardian homes that break Preferred stock: A range of modern rises with charming courtyards up the city’s highest concentration architecture (some by the renowned and MiMo details are interspersed Investment of rowhouses Morris Adjmi) complemented with luxury condos, including the Unexpected perk: The nearby Twin by graciously updated turn-of- upcoming Collins Avenue tower from
Peaks partly block the coastal fog the-century townhomes in a acclaimed architect Renzo Piano. Value of active sales exclusives nationwide agents of Number Total square feet of office space
— and cool Pacific breezes, making it kaleidoscope of shades Unexpected perk: Miles of serene
Smart buys exist in every market — if you warmer than its surroundings Unexpected perk: This NW pocket boardwalk edged by sawgrass- Expert prediction: “Single-family is a creative hub of sidewalk cafés, topped dunes and sea grape bushes know where to find them. Here, Compass $4.5B 1039 338K homes with full-size lots and close vibrant murals, and music venues Expert prediction: “When you take agents who’ve based their businesses in to the 24th Street retail corridor Expert prediction: “Values have current value relative to other areas, niche neighborhoods advise on where — will hold their value through the grown 1,000% the past decade, but appreciation potential, and location and what — to look for right now. market’s peaks and valleys,” say there’s still opportunity for investors into account, it can’t be beat,” says SF agents The Droubi Team. and end-users,” attest DC agents Miami agent Mercedes Saewitz. Brian Smith and Kelly Virbickas.
East Hampton’s Artistic Edge Aspen-Adjacent Ease Downtown’s New Destination DC’s Most Dignified Digs Neighborhood of note: The bayfront Springs section has Neighborhood of note: The Willits Neighborhood of note: Lower Neighborhood of note: West End Acclaimed architects, first-time homebuyers, long been a cultural cradle, boasting residents from painter section of Basalt Manhattan’s Financial District Preferred stock: Full-service condos, Jackson Pollock to wordsmith Nora Ephron Preferred stock: Sleek apartment Preferred stock: Amenity-rich high- like the Ritz-Carlton Residences, that agents new and veteran — all are welcome. Preferred stock: Thoughtfully modernized fishermen’s buildings flanked by parks, rises with river and skyline views pepper elegant embassies and civic cottages and farm houses playgrounds, and pedestrian- Unexpected perk: FiDi is becoming a buildings near the Potomac River Unexpected perk: A low-key vibe not often experienced friendly shopping, including the foodie utopia, with recent openings Unexpected perk: Quiet, tree-lined in the East End’s glitzier enclaves region’s only Whole Foods from the likes of Keith McNally, streets with all the modern vitals: an Expert prediction: “While our clients in more tenured Unexpected perk: Just a 20-minute Tom Colicchio, and Jean-Georges arthouse cinema, Soul Cycle, and INDUSTRY DESIGN neighborhoods have enjoyed excellent appreciation, The drive from downtown Aspen Vongerichten Trader Joe’s Performance Review From the Ground Up Springs section of East Hampton represents one of the best Expert prediction: “New buildings Expert prediction: “The area is Expert prediction: “Buying a newly- — — opportunities for entry-level buyers, as property values there like Park Modern Condos increased appreciating daily. Values are going constructed apartment in such an have not yet increased at the same rate as other areas but in price by more than 25% since up especially on what I’ve seen at the established area could provide On average, our agents see a solid For November’s inauguration of inevitably will in the future,” says Hamptons’ duo debuting just two years ago,” says W Residences,” states New York agent immediate equity in your investment,” uptick in business within their first Compass Development, our new The Buckhout-Mattson Team. Aspen agent Richard Duddy. William Stafford. says DC agent Patrick Chauvin. year of joining. development division, the marketing team designed an entire visual identity. Befitting the group’s bicoastal +26% growth, four core services, and focus ARCHITECTURE Overall year-over-year business on form and function, the dynamic growth of Compass agents graphics channel the building process Building Inspector through a series of fluid arcs and And it’s these individual agent customized fonts. — successes that form the foundation As stewards of New York City’s ever-transforming skyline, Compass Development of our regional impact. With seven of offers a glimpse of their team’s most-anticipated projects for 2017. our nine regions launching less than 15 months ago, we’ve already made incredible strides. See how we stack up against our brokerage competitors in terms of market share:
Washington DC: #2 Aspen: #4 CLIENTS New York City: #4 Exchange Rate San Francisco: #4 — Boston: #5 In 2016, Compass accounted for the Los Angeles: #5 transacting of more than 8,000 keys. That translates to new homes created, foundations laid, and futures secured. All in a day’s work! 8944 152 Elizabeth 152 Street E 53rd 100 Bowery 347 196 Orchard 325 Lex 325 Keys exchanged year-to- date — through Compass The first NYC condo With 63 floors of NoHo’s new marvel, the The cool interdisciplinary Conveniently tucked building designed by undulating glass, this Annabelle Selldorf tower firm Incorporated helmed between leafy Murray Hill Japanese master Tadao landmark-in-the-making by is all about the material this industrial-inspired and the legendary Grand Ando, it’s a study in UK firm Foster + Partners mix — gray Kolumba brick addition to the buzzy Central Terminal, it boasts minimalist concrete and celebrated interior and luminous zinc panels — Lower East Side. Think a priceless selling point: and organic elements, designer William T. and instant popularity. casement windows and Sweeping views of the including a 55-foot-high Georgis will add more (The penthouse went into bronze-glazed Spanish Empire State Building and and 99-foot-wide living luster to its pedigreed contract five days after brick, plus a 4,100-square- East River through its green wall. Midtown East environs. the listing went live.) foot rooftop park. shimmering, glass façade.
Compass Quarterly 30 31 Entrepreneurship
INDUSTRY The Innovation Matrix — From game-changing business engines on the horizon to gadgets that boost a home’s appeal, a dozen of our most forward-thinking agents rank 12 new technologies on two levels: Their impact on real estate and how readily available they are in today’s market.
Our Agent Panel
Ari Afshar LA Lily Harfouche MALIBU Marian Rosaaen DC Scott Diffenderfer MIAMI Danielle Lurie BROOKLYN Ginger Thoerner HAMPTONS Stacey Froelich NYC Joe Quiros NYC Isil Yildiz NYC Jay Glazer NYC Brittanie Rockhill ASPEN Stephanie Younger LA
L L While popular, social video platforms (Snapchat, Facebook Live, Instagram Stories) miss the mark in presentation appeal; shaky camera-pans won’t do a property any favors. In markets like Miami and LA, climate-control tech, like Nest, is more than an amenity—it’s an essential. Midtown
Faster and less expensive than the real deal, digital staging tends to disappoint when prospective homebuyers arrive Uber eliminates the hunt for elusive to an unfurnished space. parking spots, increases commute Cultural productivity, and allows agents to focus on clients en route to showings.
While few clients wouldn’t welcome A revelation for second- a Sonos-wired home, integrated homeowners, Airbnb makes it all home entertainment systems that much easier to turn a profit District rarely make or break deals. on an investment property. L L L With architectural design by Foster + Partners and interiors Alcove loft to three-bedroom by William T. Georgis, the residences at One Hundred full oor residences from East Fifty Third Street offer a rare chance to experience $2.6 million. Four-bedroom impeccable gallery living in the heart of the Midtown penthouse duplex residence; Cultural District. $65 million. While search engine While not a match for every market marketing can help agents (think: dense hubs like DC and NYC), Occupancy Spring 2017 target prospective buyers, for drone-made property videos make a The rst two oors will proudly house Joël Robuchon’s L L L most, old-fashioned referrals statement, especially in wide-open triumphant return to New York City with a restaurant and Model Residences Open Now are still paramount. locales like Aspen and the Hamptons. gourmet marketplace designed by esteemed architect By Appointment only Joseph Dirand. Extensive amenities include a 60-foot sunlit swimming T: 212 913 9082 While sustainable technology [email protected] features like solar panels and pool, a multilevel wellness facility, and concierge services radiant flooring are increasingly by Quintessentially Lifestyle. 100E53.com prevalent, neither adoption of Say goodbye to IRL home them by developers nor demand tours once 3D cameras from consumers has peaked. pick up steam.
Although Internet-serviced RFR, Owner / Developer mortgages are poised to be a major From property simulations to Vanke, Owner disruptor, in many cities home loans new development marketing, Foster + Partners, Architecture virtual reality will revolutionize must be supplied by a human lender; William T. Georgis, Interior Design FinTech options need not apply. the industry when it lands. Hines, Co-Developer Compass, Sales & Marketing L L Classic Marketing, Sales & Marketing
Artist renderings re ect the planned scale and interior design and are subject to the Sponsor’s right to make changes to material speci cations and design. Views shown are approximate and will vary depending on unit and oor. Not all residences contain the same material speci cations, nishes and appliances. Please check with your sales representative. All dimensions are approximate and subject to construction variances. Plans, layouts and dimensions may contain minor variations from oor to oor. Sponsor, 610 Lexington Property LLC, reserves right to make changes in accordance with the terms of the Offering Plan. The complete offering terms are in an Offering Plan available from the Sponsor, File No. CD# 15-0075. We are pledged to the letter and the spirit of U.S. policy for the achievement of equal housing opportunity throughout the nation. We encourage and support an Compass Quarterly af rmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status or national origin.
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Trim Size: 7.75” x 10.75” Interiors
Miami
South Florida’s Most Turnkey Mansion
Words: David Sokol Images: Fran Parente
This exclusive and elegant full-service beachfront property offers contemporary interiors and direct ocean access. 200 Ocean Lane Drive, Unit 707 | Key Biscayne | 2 Bed | 2 Bath | $1,195,000 MARTINE PAULIN [email protected]
Perched above South Beach at the luxe Setai Hotel, this spectacular residence boasts panoramic ocean and city views. 101 20th Street | Miami Beach | 3 Bed | 3 Bath | $13,500,000 LOURDES GUTIERREZ 347.821.0816
Real estate developer Felix Cohen deals in the luxuries that Miamians didn’t know they wanted. In the late 1970s, he was one of the first entrepreneurs to bring European fashion to South Florida, and multiple record-setting spec houses have proved that Cohen’s Play to win within this exceptional estate—a dynamic composition of transporting telepathy extends to homeownership. architecture, breathtaking sunsets, and 100 feet of water frontage. Cohen’s latest project is 3114 North 1511 West 27 Street | Miami Beach | 7 Bed | 10.5 Bath | $22,088,888 Bay Road, and according to this MELISSA JANE RUBIN [email protected] triumph, what luxury buyers want next is no fuss. Cohen has detailed the seven- bedroom residence down to the Roche Bobois furnishings, Baccarat glassware, and Frette linens. “My father built this house as his own, with heart,” says Compass agent Jacques Cohen, who is may equally desire a haven from in which palms flank a 100-foot listing the compound with brother Julian, cosmopolitan bustle (privacy-deserving mosaic-clad pool. The outdoor oasis of this attention to detail. “It allows for neighbors include Shakira and Calvin flows seamlessly into ipe-clad pavilions a buyer to bring a suitcase and make Klein), Cohen conceived the project that house entertaining and wellness themselves at home right away.” as an urban resort: Escape to open facilities for a 360-degree experience Which is sensible, considering how water from the elevator-serviced boat that's just waiting to be unlocked. much making there is to enjoy. Tucked dock, and return home in time to open within a cove of Biscayne Bay, the a bottle from the wine cellar and watch residence is located a short bike ride the Miami skyline shimmer from the from the commercial buzz of Lincoln 2,500-square-foot roof garden. 3114 North Bay Road Road and pulsing nightlife of South Staying put for the day is just as Offered exclusively by Jacques All 5,088 square feet of this stately Hancock Park home are imbued with incredible Enjoy exceptional Los Angeles views from this style and complemented by a pristine pool. architectural jewel in Beverly Hills. Beach. Presuming that this homeowner attractive, thanks to a lush landscape and Julian Cohen of Compass 350 North Mansfield Avenue | Hancock Park | 5 Bed | 6 Bath | $10,500,000 9354 Readcrest Drive | Beverly Hills | 2 Bed | 2.5 Bath | $2,995,000 BRENT WATSON [email protected] BRENT WATSON [email protected]
Compass Quarterly 34 35 Interiors
Los Angeles
The Most Instagrammable Beach Bungalow Ever
Words: Kelly Phillips-Badal Images: David Anderson for David Archer Photography
Nestled in the laidback lanes of Venice Beach’s Oakwood enclave, this modernized 1920s bungalow feels worthy of its cool $1.75 million right Enjoy showstopping ocean views from this contemporary villa tucked amid natural when you step into the front yard. “You landscaping and boasting an infinity pool and two-story glass poolhouse. 900 Park Lane | Montecito | 3 Bed | 7 Bath | $7,700,000 literally gasp,” says Compass agent COLLEEN BEALL 805.895.5881 Diana Braun. “Here’s this teeny, teeny home — the dining room is literally outdoors — but it’s on a 5,000-square- foot lot with the most amazing This Moorish-inspired, Charles Ward-designed home incorporates international landscaping. The 20-foot-high ficus accents and sits just north of Montana in Santa Monica. tree hedges make it feel like a private 524 11th Street | Santa Monica | 4 Bed | 4.5 Bath | $4,900,000 DIANA BRAUN 310.866.5039 oasis, like you’re an ant in a terrarium.” Renovated by the award-winning local firm W3, the house itself is both transporting and terrifically functional: Nest thermostat, wireless Haiku fan, Velux programmable skylights that close automatically in the rare event of rain. But the outdoors is what really begs for a barrage of sunset selfies. A masterpiece by Santa Monica- based Red Lemon Landscape Escape into this meticulously restored, exotic estate, influenced by Morocco Design, it’s a captivating example and the Balearic Islands and lushly landscaped with pool and courtyard. of uninterrupted indoor-outdoor 2084 Alisos Lane | Montecito | 3 Bed | 5 Bath | $6,500,000 living. Consider the details: The den COLLEEN BEALL 805.895.5881 seamlessly gives way to a covered gathering space on an expansive ash deck. A teak hot tub stands ready; a gas firepit beckons. There’s a natural flagstone paved garden, filled with lush, fruit-bearing avocado, Moro blood orange, and Bearss lime trees. And at one end of the smooth stucco and wood frame property is the crown jewel: an adorable, two-tone 1951 camper. The Mascot trailer by Holly Travel Coach was rebuilt — and cleverly compressed — to just three-and-a- half-feet wide by local sculptor Blue McRight. More objet than extended living space, it’s nonetheless kitted out with a cocktail bar and a (very!) cozy 651 Brooks Avenue The San Gabriel foothills form the backdrop of this incredible, This stylish Mediterranean estate overlooks magnificent terraced gardens, custom-built chalet in Pasadena. a pool, and the azure Pacific coast. reading nook and has even been the Offered exclusively by 1999 Sierra Madre Villa Avenue | Pasadena | 8 Bed | 12 Bath | $8,500,000 HopeRanchAlisaLane.com | Hope Ranch | 4 Bed | 4.5 Bath | $4,360,000 subject of a Los Angeles Times art review. The Diana Braun Group of Compass STEVE CLARK 301.922.3700 TERRY RYKEN 805.896.697
Compass Quarterly 36 37 Interiors
New York City
Uptown’s Most Fashionable Address
Words: David Sokol Images: Evan Joseph
Roofdeck potential and 120-square-foot skylight rights make this 4,772-square-foot SoHo penthouse the ultimate downtown build project. Photos are virtual renderings. 84 Mercer Street | Soho | 3 Bed | 3 Bath | $5,900,000 EDWARD HICKEY 914.426.1403
Verdant outdoor spaces, floor-to-ceiling windows, and a rare private garage elevate this enviable, 7,000-square-foot Gramercy townhouse. 150 East 22nd Street | Gramercy | 6 Bed | 6.5 Bath | $16,800,000 JOSHUA WESOKY 646.455.3781 NICK GAVIN 646.610.3055
A classic pre-war condominium, this Upper West Side residence evokes both sophistication and charm. 251 West 89th Street | Upper West Side | 3 Bed | 2 Bath | $2,595,000 MARIA M. MANUCHE 917.328.2338 New Yorkers have been pursuing real grandeur. “It’s the perfect marriage of estate tips for generations. Back in 1902, downtown chic and uptown glam,” says when Andrew Carnegie completed a Compass agent Pascual Ortiz. mansion on Fifth Avenue and 91st Street That duality is on display in the among brownstones and small farms, penthouse, whose owners have included, fellow scions followed suit. A spate of most recently, shoe designer Tamara construction transformed Carnegie’s Mellon. Epoch-crossing sumptuousness corner of the Upper East Side into a embraces you from the elevator into trove of revival-style architecture, each its center hall gallery through the building statelier than the last. sunken living room to the terrace, which Even in this dazzling milieu, the matches Gilded Age proportions to Carhart Mansion stands apart. The indoor-outdoor informality. The most Landmarks Preservation Commission stunning union of past and present is declared the Horace Trumbauer design the master bedroom, which combines one of the city’s finest examples of a wood-burning fireplace and views Louis XVI classicism. And the building’s of charming mansard rooftops with award-winning 2005 conversion into four (apt for the Jimmy Choo cofounder) 3 East 95th Street Enjoy incomparable views of Madison Square Park and the MetLife clocktower, along This newly built luxury condominium with Baccarat Hotel and Spa amenities faces with a 24-hour doorman, 10k-square-foot Residents' Club, and 60-foot indoor pool. MoMA on 53rd Street between Fifth and Sixth Avenue in the heart of NYC. residences remains the gold standard a 13-by-23-foot dressing room with Offered exclusively by Keith Copley, 10 Madison Square West | Flatiron | 3 Bed | 3.5 Bath | $9,995,000 20 West 53rd Street | Midtown East | 1 Bed | 1 Bath | $3,800,000 of contemporary space with antique abundant shoe storage. Trish Goff, and Pascual Ortiz of Compass KYLE W. BLACKMON 646.798.8898 LEAH RUBIN 212.882.1505
Compass Quarterly 38 39 Interiors
During the West Village’s bohemian days, historic single-family townhouses were carved into labyrinths of apartments and artist studios. Now that a West Village address has become one of the most coveted in Manhattan, the residential architecture is returning to its more commodious roots. “Everyone is looking for a home with charm and personality that delivers an authentic Village experience,” says Compass President Leonard Steinberg. Newly renovated by AD 100 architect and Yale professor Steven Harris and his longtime collaborator, developer Adam Gordon, this four-story home does just that, without relying solely on extant details
for character. This Renaissance Revival townhouse features Indeed, Gordon gutted the 20-foot- an elegant rooftop terrace. 18 West 75th Street | Upper West Side | 5 Bed | 6.5 Bath | $19,500,000 wide Italianate, whose previous LEONARD STEINBERG 646.375.1932 incarnation was a four-unit apartment, while Harris took liberties like converting the rooftop into a sleek lounge with
Jacuzzi, as well as eliminating traditional Located in the landmark McBurney YMCA building, this sun-drenched loft features parlor-level divisions. Now the foyer and soaring 29-foot ceilings, immense windows, and two wood-burning fireplaces. living room meld and flow casually into 213 West 23rd Street | Chelsea | 4 Bed | 3.5 Bath | $14,500,000 LEONARD STEINBERG 646.375.1932 the kitchen and dining nook. Steinberg imagines enjoying morning coffee from a perch at this combined room’s island, looking upon its exposed brick, nonchalant open shelving, and subway tiles, or from the terrace that projects beyond the kitchen’s all-glass wall. Meanwhile, guests greet the day from the ground-floor patio, and kids barely stir in bedrooms two floors above. That the home varies between open This dramatic Greenwich Village triplex penthouse offers two exceptional New York City spaces and personal retreats “really private terraces and two parking spaces. rolls the best of townhouse, prewar, and 12 East 13th Street | Greenwich Village | 5 Bed | 6 Bath | $19,500,000 loft living into one,” he adds. LEONARD STEINBERG 646.375.1932
Manhattan’s Most 252 West 12th Street Offered exclusively by Liveable Landmark The Leonard Steinberg Team of Compass
Words: David Sokol Images: Tim Waltman
An expansive layout and prime Hudson River panoramas characterize A limestone-clad Chelsea duplex penthouse epitomizes this exquisite south-facing Chelsea/Flatiron penthouse. grace and elegance. 126 West 22nd Street | Chelsea | 4 Bed | 4.5 Bath | $11,895,000 560 West 24th Street | Chelsea | 4 Bed | 4.5 Bath | $16,000,000 LEONARD STEINBERG 646.375.1932 LEONARD STEINBERG 646.375.1932
Compass Quarterly 40 41 Interiors
This perfectly renovated and light-filled duplex combines the best of townhouse living This Union Square home, occupying the building’s full ninth floor, is a modern oasis, with all of the services and amenities of one of Manhattan’s finest condominiums. designed for festive entertaining and serene relaxation. 170 East End Ave | Upper East Side | 3 Bed | 4 Bath | $7,495,000 5 East 16th Street, 9th Floor | Flatiron | 3 Bed | 3 Bath | $12,800,000 JOSHUA WESOKY, STEVE DAWSON 646.455.3789 ALYSSA SOTO BRODY 347.821.6220
This Tribeca two-bedroom loft features soaring ceilings and a keyed elevator With views of Central Park from the living room and master bedroom, this coveted, for the utmost privacy. 3,097-square-foot floor plan at the renowned 15 Central Park West is a remarkable rarity. 17 White Street | Tribeca | 2 Bed | 2 Bath | $1,850,000 15 Central Park West | Upper West Side | 3 Bed | 3.5 Bath | $29,500,000 DANIELLE LURIE 310.560.6539 KYLE W. BLACKMON 646.798.8898
Located on one of downtown Manhattan's most historic streets, a modern and elegant A coveted One57 residence elegantly combines panoramic views of Central Park townhouse delivers a grand layout and enviable outdoor spaces. with luxury interiors designed by Thomas Juul-Hansen. 2 Centre Market Place | SoHo | 4 Bed | 3.5 Bath | $7,995,000 157 West 57th Street 62A | Theater District | 3 Bed | 4.5 Bath | Sold for $23,500,000 THE HUSTIS/JOVANOVIC TEAM 646.320.4667 JEREMY HU 646.251.0179
This loft-like new development is ideal for aspiring entertainers and comes equipped Boasting majestic details and complete privacy, this Park Avenue residence is Massive windows, landscaped terraces, and stunning scenery reign From acclaimed architects Herzog & De Meuron, Tribeca's premier condo, offered with high-end finishes and an outdoor grilling station. a rare opportunity to own a private floor within a full-service condominium. within the iconic One Hanson Place clocktower. for sale or rent, features a private terrace, pool, garage, and theater. 258A 18th Street | Greenwood Heights | 3 Bed | 2 Bath | $1,375,000 823 Park Avenue | Upper East Side | 5 Bed | 4.5 Bath | $11,950,000 1 Hanson Place | Fort Greene | 2 Bed | 2 Bath | $1,799,000 56 Leonard Street | Tribeca | 2 Bed | 2.5 Bath | $5,500,000 / $14,000 per mo. GABRIELE SEWTZ 718.360.7326 MARIA MANUCHE, KYLE W. BLACKMON 917.328.2338 CHRIS BENFANTE 917.453.7093 HOWARD SPIEGELMAN, TIM ROTHMAN 917.653.4219
Compass Quarterly 42 43 Interiors
Santa Barbara & Montecito
SoCal’s Most Enchanting Greenspace
Words: Kelly Phillips-Badal Image: Zach Brown of Atlas Imagery
Montecito's highly desirable hedgerows are home to this artfully restored Mediterranean home. 4 Bed | 3 Bath | Price Upon Request PIPPA DAVIS 805.886.0174
This enchanted estate is unrivaled, beautifully merging the magic of Montecito with classic East Coast charm to create the perfect secluded sanctuary. Hamptons in Montecito | Montecito | 7 Bed | 13 Bath | $24,000,000 SUDING//MURPHY PARTNERS 805.886.1300
Nestled in the Santa Barbara foothills, this classic Tuscan estate offers spectacular harbor views. VillaVistaBella.com | 4 Bed | Bath | $9,488,000 TERRY RYKEN 805.896.6977 Santa Barbara’s high-on-the-hill Riviera The terrain now includes a formal neighborhood is among the city’s most garden with plants aligned in maze- coveted. The only catch is, most Riviera like configurations, a pool and putting homes lack yards. “You trade that in to green, stone fruit trees, and flagstone live with breathtaking views of downtown walkways that connect the entire straight to the ocean,” says Compass compound, leading from loggia to agent Jon-Ryan Schlobohm. courtyard to dining cabana. What was In marked contrast this home boasts there before? Rolling lawns — which more than two acres of green space due took a lot of water to maintain, a to its position on the Riviera’s mountain- difficulty in dry Central Coast facing backside. “Very few properties California. Now, layers of drought- can compare to it, considering the tolerant greenery — succulents, cypress size of the yard,” says Schlobohm. And trees, monrovia boxwood — dot allées while the house within this gated estate of towering oaks. carries a story of its own — it’s the early And the best way to take it all in is work of celebrated modernist Gardner through the home’s dramatic entrance:
Dailey — the transformation of the a long set of gracious, gradual stairs 1041 Mission Ridge Road Situated in Montecito’s Golden Quadrangle on prestigious Picacho Lane, French This incomparable self-sustaining family compound encompasses 110 acres with Country elegance is complemented by unparalleled ocean views. horse trails and abundant orchards, all minutes from Santa Barbara airport. landscape is what takes the expanse that cuts across the grounds. “It’s just Sold exclusively by Jon-Ryan Schlobohm MontecitoGrandeur.com | 4 Bed | 4.5 Bath | 1.75 Acres | $9,900,000 SBOceanViewRanch.com | 9 Bed | 8.5 Bath | 110 Acres | $17,777,000 from exceptional to extraordinary. breathtaking,” says Schlobohm. and Kirk Hodson of Compass TERRY RYKEN 805.896.6977 TERRY RYKEN 805.896.6977
Compass Quarterly 44 45 Interiors
Washington DC
The Capital’s Most Multifaceted Penthouse
Words: David Sokol Images: Jaren Drew Horsley
A gracefully open floor plan features nearly 1,700 square feet of interior living space and an unparalleled 955-square-foot private terrace in prime downtown. 925 H Street NW 804 | City Center-Downtown | 2 Bed | 2.5 Bath | $3,250,000 THE MORRELL ROTH TEAM 202.728.9500
Stunning renovations combined with unrivaled access to the city's finest attractions characterize this discreet retreat. 3121 Appleton Street NW | Forest Hills | 6 Bed | 4.5 Bath | Sold for $1,995,000 ERICH CABE 202.320.6469
This luxury duplex provides the premier urban experience with an expansive private terrace and gardens, designer renovations, and exceptional building amenities. 3303 Water Street NW 3H | Georgetown | 2 Bed | 2.5 Bath | $3,250,000 THE MORRELL ROTH TEAM, NICHOLE NORTON 703.585.6925 Every two years, a fresh batch of Mr. growing microgreens among the Italian and Ms. Smiths goes to Washington cabinetry and Thermador appliances. DC. For the arriving public servant Is bureaucracy stressing you out? Then who needs to get settled in and down take to the stainless-steel, Japanese to work, the just-completed Jet in soaking tub in the master bathroom. burgeoning Columbia Heights offers Gather friends (from both sides of the instant gratification. Purchase of one aisle) around the living room’s ventless of the two units in this condominium fireplace, or impress colleagues with comes with a two-year prepaid lease Gin Rickeys served on the 600-square- for a BMW i3, plus charging stations for foot rooftop. the electric cars, whose compactness “Everything’s been thought of,” says guarantees a parking spot at the hip Compass agent Jenn Smira, who adds restaurants that have sprung up nearby that the penthouse’s appeal will far on 14th and 11th Streets. outlast any political term. “It’s a whole The three-bedroom penthouse package for city living that you’ll want offers additional amenities for a quick to call home for years.” transition. If you want to take locavore 1336 Parkwood Place NW This Chevy Chase home offers classic charm and contemporary details, Elegance and tranquility abound at this in-town estate, complete with all within a quiet and refined community. tiered outdoor spaces and a sparkling backyard pool. to the next level, the kitchen includes an Offered exclusively by 3705 Blackthorn Court | Chevy Chase | 5 Bed | 5 Bath | $1,399,000 2700 Chesapeake Street NW | Forest Hills | 6 Bed | 5.5 Bath | Sold for $2,850,000 Urban Cultivator hydroponic system for The Jenn Smira Team of Compass CAPITAL ESTATE GROUP, J.P. MONTALVAN 301.922.3700 ERICH CABE 202.320.6469
Compass Quarterly 46 47 nteriors
oston Ca idge
e ngland’s Most nspi ing Wo i e pace
Words: Kelly Phillips-Badal Images: Samara Vise
Sited along 43-acre Kellis Pond, a 9,000-square-foot, newly-built green/smart home features a spectacular kitchen, pool, elevator, and three master suites. 21 Kellis Way | Bridgehampton | 8 Bed | 8.5 Bath | $6,788,000 CYNTHIA BARRETT 917.865.9917
A luxurious Beacon Hill condominium embodies the quintessential city home, complete with a picturesque and premier address. 37 Brimmer Street | Beacon Hill | 3 Bed | 3 Bath | $3,495,000 MELANIE OLINTO 617.817.0775
he uintessential living uarters in Ca ridge are classic wood-fra e, 19th-century ho es on tree-lined streets which akes this volu inous, sunlight-drenched loft in uasi- industrial ast Ca ridge a rare ird, a real standout, says Co pass agent Bruce rving. ost conversions around here are only for offi ces, not housing.” art of a 10-unit uilding converted A private elevator, 1,000-volume library, state-of-the-art kitchen, to condos in 1996, the structure was and 9-foot ceilings imbue this four-story Tudor with grandeur. once dedicated to truck aintenance, 7015 Arandale Road | Bethesda, MD | 6 Bed | 5.5 Bath | Price Upon Request and a vine-covered steel gantry in the ERICH CABE 202.320.6469 shared outdoor space nods to that There’s a home offi ce in the mezzanine, history. he trendy endall S uare but the open fl oor plan allows for scads hood it sits in has also changed of opportunities to create e tra work dramatically, as the city’s hip fl ock to zones. The existing partitions aren’t the near y ars and caf s. And while structural, so they can e oved to an airy, art-ready space like this ight co forta ly apportion the s uare e desira le anywhere, in Ca ridge footage to your needs. he plentiful it s one-in-a- illion. storage is s all- usiness ready, while Every unit is diff erent, but this one the fl uid entertaining space begs for a is particularly nota le. t s centered rowdy launch party. around a two-fl oor atrium topped by he loft is a great e a ple of a huge an enormous skylight. An eff ort has space that s een turned e inently een ade to keep the space fro livea le, says rving. t s got it all for reading too sterile in design, though, an out-of-the- o uyer. with its e posed wooden ea s and splashes of right colors on the kitchen
walls and island. oured-concrete 243 B S Take in sweeping Back Bay views from the rooftop of this pristine newly-constructed South This gracious French Provincial home has been updated with End triplex, designed with impeccable finishes, thoughtful layout, and high ceilings. a contemporary addition and indoor pool. fl oors in the common areas give way to Off ered exclusively by 27 Warren Avenue | South End | 3 Bed | 3.5 Bath | $2,595,000 2842 Chesterfield Place | Forest Hills | 5 Bed | 3.5 Bath | Sold for $1,900,000 nu y pine in the private uarters. Bigelow rving of Co pass LESS ARNOLD 617.870.4584 ERICH CABE 202.320.6469
Compass Quarterly 48 49 Interiors
Hamptons
The East End’s Cleanest Slate
Words: Kelly Phillips-Badal Image: Doug Kuntz
This Bridgehampton luxury retreat is surrounded by a picturesque setting of reserves, ponds, and farmland. 359 Noyac Path | Water Mill | 3 Bed | 3 Bath | $2,750,000 ANJA BREDEN 516.445.1082
This elegant Lily Pond Lane oceanfront oasis offers a rare opportunity to acquire an exclusive property on one of the world's most coveted streets. 33 Lily Pond Lane | East Hampton South | 6 Bed | 8 Bath | Price Upon Request LORI SCHIAFFINO TEAM 516.606.7090
Renowned architect Jacquelin Robertson has perfected the contemporary estate, embodying the refinement of East Hampton living. 21 Spaeth Lane | East Hampton South | 5 Bed | 6.5 Bath | $15,950,000 THE PETRIE TEAM 516.885.9365
In East Hampton, beachfront property “Three back-to-back properties on expanse of the Hamptons’ most sought- is practically priceless. The desirability Lily Pond Lane — the best address after terrain is a tabula rasa for building is such that most coastal estates have near Georgica Beach, the A++ of the a dream getaway; there's plenty of land another home, or perhaps two, nestled neighborhood — I doubt we’ll see this on which to add a guest cottage (or two), between them and the street. Very, very again,” says Compass agent Ed Petrie. potager, and even a putting green. few East End properties boast street- The properties span 6.7 acres It remains to be seen exactly how the to-sea ownership of their own secluded altogether, with 284 feet of oceanside new owner will transform and unify the compound. And that’s why this year’s real estate. The main house, perched trio of addresses, but one thing is certain: record-setting $110 million sale of the atop a cliff overlooking the Atlantic, is a Can’t you all-too-easily imagine Jay adjoined properties of 93, 97, and sprawling, French-style manor complete Gatsby throwing one of his lavish parties 101 Lily Pond Lane made history as with a column-flanked pool and rolling on this grand estate? the fifth largest residential sale in the lawn. The 93 address has a tear-down- US and the second largest transaction ready house, and the 97 property is 93, 97, and 101 Lily Pond Lane Mere minutes from the ocean, this East Hampton historic estate has A staple of the original East Hampton Colonies, this French-style stone in New York state. vacant. So as is, this unusually broad Sold exclusively by The Petrie Team of Compass been completely renovated with a modern twist. house is perfectly located between the village and ocean. 73 Ocean Avenue | East Hampton South | 5 Bed | 3.5 Bath | $8,900,000 18 Ocean Avenue | East Hampton South | 7 Bed | 5.5 Bath | $8,750,000 THE PETRIE TEAM 516.885.9365 THE PETRIE TEAM 516.885.9365
Compass Quarterly 50 51 Interiors
Enjoy iconic Bay and city views from nearly every room of this landmark Russian Hill home, meticulously updated for modern comfort. 1032 Broadway Street | Russian Hill | 4 Bed | 4.5 Bath | $12,000,000 NEAL WARD 415.269.9933
San Francisco
The Bay Area’s Coolest Optical Illusion be painstakingly preserved, while the interior would be reborn. Originally built in 1915 by renowned architect George Applegarth, this magnificent Words: Kelly Phillips-Badal Classic Revival home is located on a prime block of beautiful Presidio Heights. Images: Vince Valdez LA’s Paul McClean Design led the 201 Locust Street | Presidio Heights | 4 Bed | 3.5 Bath | $10,500,000 ground-up renovation, adding a NEAL WARD 415.269.9933 foundation with seismic engineering — As the most expensive sale in San the same safeguard as new high- Francisco in 2016 (by our press date), rises — plus creature comforts of this majestic, Beaux-Arts mansion is like 21st-century living that might seem like nothing else, says Compass agent Neal wizardry to the building’s earliest Ward. And while you might expect that dwellers, like an all-floor elevator, a its lavish façade of Corinthian columns, wine room, and one jaw-dropper of an hand-carved embellishments, and infinity pool on the rooftop terrace. And wrought-iron balconies hides an equally then there’s that view, one of the city’s ornate interior, this wedding-cake of a most enviable. “You can see the Golden home reveals a clever sleight of hand as Gate Bridge, unobstructed from the you step inside: the interior is strikingly, main level up, and that’s a real rarity,” unabashedly contemporary. says Compass agent Malin Giddings. The juxtaposition was a deliberate She’s right: it’s sheer magic. decision. When the previous owners updated the manse, designed in 1901 by noted architect James Dunn, 2250 Vallejo Street This true family home was extensively updated to include a spacious great room The Sea Dragon Estate is comprised of 18 acres situated perfectly above Marin’s with eat-in kitchen, soaring ceilings, and impressive scale. western coastline, complete with equestrian facilities and a host of entertaining venues. they determined that the undulating Offered exclusively by Neal Ward and 2106 Baker Street | Pacific Heights | 4 Bed | 3.5 Bath | $5,995,000 77 Olema Bolinas | Marin | 5 Bed | 4.5 Bath | $9,500,000 ornamentation of Dunn’s exterior would Malin Giddings of Compass NEAL WARD 415.269.9933 NEAL WARD 415.269.9933
Compass Quarterly 52 53 Interiors
Aspen
The Roaring Fork Valley’s Most Urbane Ranch
Words: David Sokol Images: Brent Moss
A serene setting with stunning views of the surrounding mountains, this 3-bedroom main home, plus one-bedroom guest home yields an exquisite contemporary compound. 120/128 West Hillside Drive | Basalt | 4 Bed | 5 Bath | $3,400,000 DOUG LEIBINGER 970.379.9045
Timeless Tuscan-inspired home with a classic mountain flair is located in the coveted Divide neighborhood. Adjacent to the Dawdler ski run it provides a perfect start to every powder day for beginners and experts alike. 340 Divide Drive | Snowmass Village | 5 Bed | 6 Bath | $11,350,000 DOUG LEIBINGER 970.379.9045
Creekside Ranch is a newly built luxury ranch situated on Snowmass Creek and artfully designed by CCY Architects. Located just 15 minutes from Aspen or Basalt, the home has stunning views of the Snowmass ski area and surrounding mountains. 3500 Snowmass Creek Road | Snowmass | 5 Bed | 6 Bath | $12,500,000 DOUG LEIBINGER 970.379.9045 If casual tourists associate Aspen with ranch on Woody Creek’s namesake world-class skiing and see-and-be- boulevard, which welcomes sport and seen shopping, then homeownership relaxation in all four seasons. Amble allows devotees the time to discover on horseback through the arena or the other pursuits that this prestigious pastures situated just beyond the stretch of the Rocky Mountains has to Tuscan-style residence; teach a younger offer. The village of Woody Creek, for guest to hook her first trout in one of the example, “has long represented the stocked ponds; or simply invite friends artistic and literary character of Aspen,” over to contemplate the tapestry of says Compass Managing Director meadow and forest that climbs into the Steven Shane. “Ed Bradley, Ringo Starr, surrounding mountains. The property’s Hunter S. Thompson, and John Oates many activities, social atmosphere, and have all got their creative juices flowing heirloom craftsmanship may inspire you in Woody Creek.” to pen a wistful novel or unshakeable Residents are not only attracted to lyric of your own. Woody Creek for its cultural bona fides,
but also for wide-open countryside 391/401 Woody Creek Road Snowmass ski area retreat offers easy mountain access to either Adam’s Avenue run This perfectly located mountain retreat with views of Aspen Mountain is just and the private Guggenheim Trail. Large windows and walk-out living in every room a short trip to Lift 1A or downtown Aspen’s many shops and restaurants. where they can relish the outdoors, Offered exclusively by Steven Shane affords big views and incredible light. 700 South Monarch #204 | 3 Bed | 3 Bath | $2,950,000 such as at this picturesque, 35-acre and Doug Leibinger of Compass 1581 Wood Road | Snowmass Village | 5 Bed | 6 Bath | $7,995,000 DOUG LEIBINGER 970.379.9045 DOUG LEIBINGER 970.379.9045
Compass Quarterly 54 55 Residence 4605 2 BR / 2 BA $2,250,000
Compass RBACMiami.com 786.629.1660 Development
Final Opportunity
ARMANI_DUPONT.inddOnly 1 5 residences remain 5/8/15 3:29 PM From $7 million 305.974.0500
A LIMITED SELECTION OF STUDIO TO FOUR BEDROOM CONDOMINIUM RESIDENCES
646.415.9103 | 196ORCHARD.COM
FITNESS PARTNER
This advertisement is not an off ering. It is a solicitation of interest in the advertised property. No off ering of the advertised units can be made and no deposits can be accepted, or reservations, binding or non-binding, can be made until an off ering plan is fi led with the New York State Department of Law. This advertisement
Oral representations cannot be relied upon as correctly stating representations(“developer”),which, of the developer. pursuant For correct to license representations, agreements, uses make reference the trade names to the documents and logosor marks the of: related required (1) of any terminated group; by section dezer (2) license. development; Florida 718.503, The statutes, developer and (3) armani to be furnished is not casa, incorporated each by a developer of which in, is located a licensor to a buyerFurnishings, in, or nor lessee. and a resident none This of which fixtures, new of, condominium york. is the This developer. and is notfinishes is intended If any being license developed shown to be an offer is are terminated, to notsell, included by rdr seashore,or solicitation or not renewed,with llcpurchase. the of condominiuman offer specifications. toUpgrades buy, condominium shown will available ® noRdr longer 2016 unitsseashore, in new be for permittedyork purchase.llc or to withresidents all to useOnlyrights the ofthe namesnew prospectusReserved.york, or in any other providedLicensed jurisdiction by developer as Compass where should prohibited be relied by law. Actualupon. Consult views may vary.the Prospectus for terms, conditions, common element expense, amenities, additional charges, and finishes at delivery, and project and unit is made pursuant to Cooperative Policy Statement No. 1 issued by the New York State Department of Law. File No. CP15-0066. Brand by Williams New York.
PORSCHE TOWER_CELEBRATED LIVING.indd 1 4/28/16 10:00 AM Culture Milestones
R B R e ar P nt g t u e n ra a e , am ons O Bos on e ocal ur East Hampton landmark since 1839 will fi nally s a longtime South End resident, I’m excited to see Oreopen after a multiyear restoration,” says Hamptons Athe completion of Infra-Space 1, part of a statewide agent Bryan Midlam. “After decades of environmental wear- Massachusetts Department of Transportation initiative to Forecast and-tear, the structure, one of just 20 surviving lighthouses repurpose our unused urban space. It will ultimately result in the region, needed some TLC: new windows, doors, and in boardwalks, bike trails, dog parks, and a basketball court, roofi ng as well as stonework repairs. Eventually, the lantern plus outdoor art exhibits and a performance venue, all in (currently lodged at the Sag Harbor Yacht Yard) will be the area under the elevated I-93 highway; the fi rst phase From ne at erin places to ne ays returned to the turret. Once complete, the lighthouse will could open as early as this year,” says Boston agent Melanie to et around Compass a ents rom coast to coast s are again serve as a safe haven for visitors to our shores—now as Olinto. “Spanning nearly a half mile in length through the a B&B.” Adds his teammate Vanessa Mothes, “Preserving our middle of downtown Boston, it will create a new public t eir communities most anticipated openin s o 2017. historic structures and natural landscape is how the East space for residents to enjoy and bridge the neighborhoods End retains its perennial appeal. Restoration of these icons of South Boston, the South End, and the Seaport District, is as critical as the introduction of new developments.” heightening their market appeal.”
O l er a e e er r D , os An eles
n the summer of 2015, the Silver ILake Reservoir—the “lake” of Silver Lake —was completely drained so that new pipelines could be installed pening this October, The Wharf beneath it. Needless to say, the big Ois a mixed-use development empty crater in the middle of our spanning 24 acres of land and 50 acres neighborhood doesn’t have us looking of water in DC’s Southwest Waterfront our best!” laughs LA-based agent e ar area,” shares broker Evan Johnson. Tracy Do. “People are aware that “With 870 apartments and condos, it’s a temporary situation, and local E , as in on more than 20 restaurants, green space, real estate hasn’t been too adversely and concert hall, it’s poised to become impacted, but that 45-foot-deep hole one of the largest developments in in the ground has grown to become an city history and will bring much- empty place in our hearts. The 96-acre needed services to the Potomac River Reservoir is more than just a ‘feature’ coastline.” An added bonus? “A host of Silver Lake —it unites us, whether of nightlife, food, and entertainment we’re perched in the adjacent meadow options. James Beard Award-winner admiring the shimmering water or Fabio Trabocchi’s Mallorcan-inspired taking an evening stroll around its Del Mar is among DC’s most talked- perimeter. Recently, we received some about restaurant openings, while great news: this spring, the Reservoir the region’s own bounty will take the is set to be refi lled—and even better, stage at the Rappahannock Oyster the city is considering improvements Bar, a refurbished space within the to the surrounding area that include historic Municipal Fish Market, which promenades and docks, less concrete embodies the spirit of this project. and more plantings, giving the entire It’s the oldest operating open-air fi sh environs a facelift for the people, market in the United States and now mallard ducks, and blue herons who serves as the gateway to this 21st-
call it home.” Marisa Guzman Joe Pierre St. + Mark (Evan (Olinto); Team) Images: Colin Justin Clark (Midlam Kaneps Team); (Do); century neighborhood.”
Compass Quarterly 58 59 Culture Milestones
B e Ol Al ne rl u O R os An eles e l u eu D L , As en ur community is anticipating will inspire even greater investments l rat n osting the 2017 Audi FIS Alpine Othe International Olympic in the city; improvements to the road, HWorld Cup in March will Committee’s September 2017 decision rail, bus, and subway systems were an nn at n undoubtedly be among the Aspen of whether Los Angeles will be just approved this past November, and Valley’s most electrifying events of the the host city for the 2024 Summer additional infrastructural upgrades an a Bar ara year,” asserts agent Doug Leibinger. Games!” says Beverly Hills-based will surely follow to accommodate “Marking the fi rst time the fi nals will agent Andrew Rhoda. “We have a very the temporary population infl ux. As be held outside Europe since 1997 good chance given that LA already a Vancouver native, I’ve experienced and the 50th anniversary of the Cup has many of the world-class athletic fi rsthand the level of pride that comes itself, this competition will draw a centers required—from UCLA and with hosting the Olympics; it creates global ski community to our slopes. USC facilities to regulation-size a lasting impact on many facets of the Aspen Mountain reigns as the racing stadiums—which will signifi cantly community, not to mention positively site, with the World Cup International reduce costs. If selected, the games aff ects real estate values.” Village located in the heart of Aspen. (It might shape up to be a four- most thrilling aspect is the infl ux of day bout between Colorado’s own prospective buyers who will be visiting Lindsey Vonn and Mikaela Shiff rin.) us for the fi rst time —an opportunity In between runs, a week-long series to showcase our dynamic town and of concerts, culinary events, and unprecedented sporting scene —which parties will celebrate this monumental I predict will produce a solid uptick in occasion. Personally, perhaps the the Aspen market’s limited inventory.”
R R All A ar l r a major source of local buzz B , iami Ais the arrival of MOXI: The Wolf Museum of Exploration and Innovation on lower State Street,” says Compass agent Susan Pate. “Located within Santa Barbara’s D D downtown arts and entertainment district (known by natives as the t P nt enter Funk Zone) and just blocks from the beach, the community’s newest R , e or i y hands-on experience for children (and adults too!) celebrates the E a more tourist-frequented area within e’re thrilled about the launch corridor. Not only does this benefi t the owntown Brooklyn’s open-air spectacular vision of a r er the city, the arrival of world-class Wof All Aboard Florida’s fi rst environment and ease congestion by Dmall is undergoing a makeover, creator Dick Wolf and his wife rar ell uare culinary destinations like Waxman — phase, slated for this summer,” says removing an estimated three million ushered in by national purveyors Noelle, who lead the project. A helmed by Jonathan Waxman of Chez Miami agent Betsy Magde. “As the cars from our roadways each year, like Century 21, Trader Joe’s, Target, decade in the making, the LEED- an Francisco Panisse fame—and the 5,000-square- fi rst privately-owned and -operated these high-speed Brightline trains and Alamo Drafthouse cinema,” says certifi ed museum has been designed foot expansion of Le Marais Bakery passenger rail system in the country, it reduce travel time between cities by Tricialee Riley. “The development by local fi rm AB Design Studio as a an Francisco’s Ghirardelli will undoubtedly appeal to locals and will connect Miami, Fort Lauderdale, up to 30 percent. The fi rst leg will link will bring back the popular Dekalb 17,000-square-foot space chockful SSquare, the famed chocolate boost home values in the surrounding West Palm Beach, and Orlando via West Palm Beach to Miami, where Market, too, whose vendors include of interactive exhibits conceived factory-turned-outdoor center near neighborhoods of Russian Hill, North 235 miles of tracks, providing the two glistening new stations by the local eats from Katz’s Deli, Ample Hills by Gyroscope, the creative force Fisherman’s Wharf, is currently Beach, and Marina. Coincidentally, sophisticated infrastructure we’ve prestigious Skidmore Owings and Creamery, and Fletcher’s Barbecue. behind dozens of education hubs undergoing renovations and Compass will be one of the anchor needed as Miami has grown.” Adds her Merrill will act as new transport and The direct result of the development? from Boston to the Bay Area. Last but upgrades by the same developers who tenants in the reimagined space. As a teammate Marissa Kartheiser, “People shopping hubs. Plus the locomotives’ A record 10,000-plus new apartment not least, a Sky Garden will proff er transformed Manhattan’s Chelsea real estate agent, actively participating will now have greater fl exibility to live, distinct yellow engines complement units are planned for the surrounding aerial views of Santa Barbara’s awe- Market,” says SF agent Missy Wyant in the revitalization of a neighborhood
work, and travel on Florida’s Atlantic our vibrant city perfectly!” area in the coming years.” Justin Kanepsord (Smit) (Leibinger); David Cli Sami Drasin JoelImages: (Pate); Amy Caldwell Mary Dickerson Beth (Riley); Koeth (Rhoda); Team); (MB inspiring environs.” Smit. “While this has historically been is both exciting and so appropriate!”
Compass Quarterly 60 61 ages and dimensions are approximate and subject to normal construction variances and tolerances. Computer and artist renderings reflect the planned scale and spirit of the respective building. The Sponsor for each respective Project makes no representation that future construction in the neighborhood surrounding the Project will not result in the the in result not will Project the surrounding neighborhood the in construction future that representation no makes Project respective each for Sponsor The building. Opportunity. Housing respective Equal and laws the Housing Fair of with complies spirit and supports and fully Project scale respective each for planned Sponsor The the Plan. Offering reflect respective the of renderings terms the with artist accordance in and appliances and Computer finishes fixtures, tolerances. equipment, material, and of substitutions variances make to right the construction reserves Project normal respective each to for Sponsor The subject terraces. and/or and windows any from approximate views the are of obstruction dimensions and ages ect. TheThis artist page Opportunity. 10012. 1010, Housing NY and Suite York, Equal New 594 Broadway, LLC, Ave features First 385 MF Name: Sponsor computer several renderings different and interior condominium decorations, projects finishes, (each fixtures, a “Project”). appliances The and complete furnishings offering in the imagesterms onfor this each page respective are provided Project for illustrative are in an offeringpurposes only.plan Theavailable Sponsor forfrom each each respective respective Project Sponsor. listed Pleaseherein makesrefer no to representation the File No. andor warrantiesSponsor name except and asaddress may be set listed forth nextin the to Offering the image Plan of for each the respectiverespective Project. Project All on squarethis page. foot The following applies to each Proj - -
152 Elizabeth 152 Elizabeth is an ultra-luxury condominium building—the first in New York City designed by Japanese master architect Tadao Ando. Located at the corner of Kenmare and Elizabeth Streets in Nolita.
SALES GALLERY: CONTACT: 165 ELIZABETH STREET DEBRA LACHANCE OPEN BY APPOINTMENT ONLY LEONARD STEINBERG [email protected] 152ELIZABETHST.COM 917.699.3724
325 Lexington Avenue SponsorSponsor Name: File No. CP IV CD140149. TS LEXINGTON OWNER, LLC. 805 Third Avenue, 20th Floor, New York, NY 10022. Rising 31 stories with a shimmering glass facade, 325 Lex sits in the heart of Manhattan amongst New York City’s most iconic buildings. Each luxury condominium residence is designed to maximize light, air, and the 347 Bowery sweeping city views of The Empire State Building, Chrysler Architecture and interiors by Annabelle Selldorf. A series Building, and East River. of 5 stacked town-homes comprising 4 duplexes and one LOCATION: CONTACT: triplex penthouse with surprisingly impressive views. 325 LEXINGTON AVENUE JAMES MORGAN LOCATION: CONTACT: OFFERING IMMEDIATE [email protected] CORNER OF BOWERY HERVÉ SENEQUIER OCCUPANCY 646.681.3709 AND EAST 3RD LEONARD STEINBERG [email protected] 347BOWERY.COM 646.780.7594
File No. CD140261. Sponsor Name: 347 Bowery Owner, LLC, 401 Broadway, Suite 1910, New York, New York, 10013. York, 1910, New Suite York, New 401 Broadway, LLC, Owner, 347 Bowery CD140261. No. Name: File Sponsor Luminaire Luminaire is a rare opportunity to own a home of equal parts substance and style. In this artfully designed condominium conversion, space, light, and location combine to present a brighter kind of Manhattan living.
LOCATION: CONTACT: 3 385 FIRST AVENUE HERVÉ SENEQUIER OCCUPANCY EXPECTED LEONARD STEINBERG 2016 INFO@ LUMINAIREGRAMERCY.COM LUMINAIREGRAMERCY.COM 212.268.9954 - - This page features several different condominium projects (each a “Project”). The complete offering terms for each respective Project are in an offering plan available from each respective Sponsor. Please refer to the File No. and Sponsor name and address listed next to the image of each respective Project on this page. The following applies to each Proj each to applies following The foot page. this square on All Project Project. respective respective the each for of Plan image the Offering to the in next forth listed set be may address as and except name Sponsor warranties or and No. File the representation to no refer makes herein Please listed Sponsor. Project respective respective each each from for Sponsor available The plan only. purposes offering an in are illustrative for Project provided are respective page each this for on terms images the in offering furnishings complete and The appliances “Project”). a fixtures, (each finishes, projects decorations, condominium interior and different renderings several computer features and page artist This The ect. ages and dimensions obstruction of are the views approximate from any windows and and/or terraces. subject The Sponsor for to each respective normal Project reserves construction the right to make variances substitutions of and material, equipment, tolerances. fixtures, finishes Computer and appliances and in accordance artist with the terms renderings of the respective reflect Offering Plan. the The Sponsor planned for each respective scale Project fully and supports and spirit complies with of Fair Housing the laws and Equal respective Housing Opportunity. building. The Sponsor for each respective Project makes no representation that future construction in the neighborhood surrounding the Project will not result in the Sponsor. File no. CD14-0348. Sponsor: Elizabeth 152 Development LLC, West 520 Street, 27th Ste. 302, New York, NY 10001. Union Square Harvard Square Upper East Side Beverly Hills Upper West Side Brentwood Cobble Hill Malibu Park Slope Pasadena Williamsburg Montecito Capitol Hill Bridgehampton Chevy Chase East Hampton Georgetown Sag Harbor Logan Circle Southampton Coconut Grove Aspen Miami Beach Basalt Back Bay San Francisco Chestnut Hill Culture Design Entrepreneurship Real Estate Innovation Interiors Compass The Issue Milestones Quarterly