NYC Luxury Real Estate Blog

Restoration for the Wallace Wing

Met Museum

The Metropolitan Museum of Art began planning to rebuild its Modern and contemporary art wing in May 2014, the first comprehensive re-examination of the museum's layout in over 40 years. This acknowledgement from the Met represents a realization that the Modern and contemporary wing needs some attention. “It seemed a logical moment to really step back and think about the needs of the museum in the next 30 years,” said Thomas P. Campbell, the director of the Met. “It’s the Modern’s wing’s turn to get it right.”

The New Kids on the Block: Chinese Investors

Chinese investors pumped more than $3 billion into New York real estate last year, nearly 43 percent more than 2013. This only seems to be the tip of the iceberg as foreign investors dominate Manhattan’s condo and townhouse market – accounting for  30 to 40 percent of institutional and individual buyers. Chinese investors are particularly interesting due to their propensity for “central city/urban” real estate, the increasingly powerful yuan, and the overall slowing of Chinese economy. The combination of factors has created the perfect incentive for Chinese investors to expand their assets.

Megaclub Turns Mega-condo

Roseland Ballroom Reconstruction, New Construction of Luxury Residential Tower Designed by CetraRuddy

April 2013 marked the end of a cultural era, when music venue/megaclub Roseland Ballroom closed its Midtown doors after more than a half century of live performances. The fate of the legendary live music space on West 52nd Street was sealed last summer, when interior demolition began. The Department of Buildings has approved a full destruction of the site, and today all that remains are its skeletal beams and remnants of its facade, newly evident in the beautiful aerial view of its ruins, shot during Sunday’s snowfall.

Virgin Hotels Brings New Vision to Nomad

Virgin Hotel in Nomad, New Hotel Construction, Design and Architecture

Nomad’s moment has been going strong for years. The neighborhood north of Madison Square Park (hence the acronym) has seen a huge influx of building renovations the past half decade. New construction has been rare though, with 241 Fifth and the much anticipated 400 Park Avenue South as the shiny new pioneers amidst pre-war condo conversions; but that’s all about to change.   

Coming Soon: The Durst Block in Midtown West

600 West 58th Street Rendering

One building at a time, the Durst Organization is taking over Midtown West, with innovative, luxury rental buildings modernizing a very historic neighborhood. The Durst Organization is responsible for the design of 1 Bryant Park, 1 World Trade Center, and the Hallets Point Projects.

Adherence to Art: Jean Nouvel’s MoMA Tower

 53W53 MoMA Tower Interior Rendering

Courtesy of Curbed

New Yorkers have breathlessly  awaited the unveiling of the latest super luxury condominium.  Back in September, we got a glimpse into Jean Nouvel’s MoMA Tower– officially known as 53W53, leaving us yearning for more. The penthouse was the only piece of the 82-story, 1,050-foot building revealed, leaving many eager to see what else developer Hines had in store. Now New Yorkers are invited to take a luxurious gaze into the interior renderings of iconic MoMA Tower. Only a few blocks away from Midtown’s Billionaire Row, it is no surprise the tower boasts on extravagance.