NYC Luxury Real Estate Blog

New Midtown Condos Hitting the Market Spring 2014 Mapped

Soori High Line Pool

Each spring, the real estate market generally heats up, and this year is poised to be no different. From pre-war condo conversions to brand new ultra-luxe towers, here are the new condos hitting the market from 14th Street to 59th Street, and everything in between.

Oh Where Oh Where, Will MSG Go?

Madison Square Garden To Move

Madison Square Garden (MSG), as we know, is being kicked out of their wondrous perch atop Penn Station. The neglected train station will finally have its chance to bask in the sun if developers can come up with a plan for redevelopment.

SuperPier's Preview Set for Future Renovation in Chelsea

YoungWoo & Associates have been planning a revitalization and reimagining of Pier 57 into SuperPier, a cultural hub with retail space, characterized by conex box modularity.  The project, which comes with the tagline in hendiatris, “Culture, Cargo, Chaos,” is planned as a full cultural hub, making room for retail and restaurants, as well as event space, including its public, rooftop park, which will can hold an audience of around 3,000.

The Top 5 Most Anticipated Residential Buildings in Lower Manhattan

The Cast Iron House, reimagined by Shigeru Ban, places two, white metal penthouses atop a cast iron building that’s exemplary of its Tribeca neighborhood.  Though the nuances between the two forms are distinct, the merging makes for a cohesive unit, with a proper synchronicity of rhythm in design.  Each of the penthouses makes use of a Vierendeel truss, which enable the glass walls on their bottom levels to open up to the open air, playing with the idea of living space, and smudging the demarcation between the interior with the terrace outside.

Lower Manhattan's Burst of Development

Lower Manhattan is planning on massive growth within the next few years, with more than 70 construction projects underway.  The most well-known project, The World Trade Center complex is set to widen the area as a public transportation terminal, with the completion of the Fulton Center, which despite stalls is slated to open in July, and will contain a retail space above the subway lines.  This would complement the reopening of the newer South Ferry Station, which still requires renovations consequent of Hurricane Sandy, as well as the new One World Trade Center, which would expand the current PATH station.  The new complex will also house the 9/11 Memorial Museum.

Back In the Game With: 56 Leonard

Construction workers in NYC are constructing a building that looks like it could break the guinness world record for world’s largest jenga tower. 56 Leonard, one of the priciest condominium buildings in Tribeca, is finally continuing construction. After seeing the rendering of this project, the real time version brings the future-esque drawing into reality and gives us something to physically feast our eyes upon.

Battery Park City Homeowners Coalition Meet Again

The Battery Park City Homeowners Coalition (BPCHC) meets again to extend the deal that was negotiated in 2011. The 2011 deal saved 11 condominiums in Battery Park City (BPC) from spending $804 million over the next three decades on inflating ground rent. The reduction that they received was approximately 35% in savings, and a ground rent payment of $525 over the next 30 years. 

Essex Crossing: SPURA's New Shape

Essex Crossing is a combined residential-retail space in the making.  Expected to cover the former Seward Park Urban Renewal Area, the $1.1 billion megaproject will sit across 1.65 million square feet, replacing the current scene of parking lots and fewer tenement buildings with a grander, glassy-sleek cityscape.  Architectural firms SHoP Architects, Beyer Blinder Belle, and Handel Architects have been tapped to raise the long-neglected area.  

Downtown Brooklyn's Upward Growth

Downtown Brooklyn is a newfound point of interest for residential developments.  Historically a base for office spaces, a rezoning spurred on a change in direction.  To be sure, the Wall Street Journal reported that the dozens of Downtown Brooklyn's projects that made their start eight years ago will have provided more than 8,000 residential units.  Indeed, there has been a marked increase in the median sale price for the area's condos, with StreetEasy noting a raise from $406,900 to $585,000 from 2009 to 2013.  Additionally, a comparison of median sale price for condos, co-ops, and houses are at $909,806 for new developments, and $545,000 for resales.  In particular, Flatbush Avenue Extension, Livingston Street, and Fulton Mall are all points of interest for developers.

The Condos of Brooklyn Bridge Park

1 John Street Brooklyn Bridge Park

With the latest construction boom in Brooklyn, it seems as if there’s a new building rising on a daily basis, but it’s not every day that a condominium comes to the world-class Brooklyn Bridge Park. The luxury condos at 1 John Street are one step closer to becoming a reality, according to a new building permit filed by Alloy Development.

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