Articles on Landmarked Manhattan Apartments

The Apthorp Penthouse Additions Not Good Enough for LPC

the Apthorp UWS Condo

Developers of The Apthorp, an Upper West Side icon, have been attempting to bring new penthouses to the roof of the landmarked building since last year, and now Area Property Partners will have to put off the potential addition a little longer. Yesterday, a meeting was held with the Landmarks Preservation Commission, and its back to the drawing board for Area Property Partners.

Once In a Lifetime Property Listed at 15 Park Row

While the Financial District has seen a surge of commercial-to-residential conversions as of late, here’s one for all the house-flipping enthusiasts out there.

The top two floors of 15 Park Row are for sale at a (relative) bargain price of $19.9 million. Why is that a bargain? Well, the entire space is 10,000 square feet and comes with two of your very own ornate turrets that are three stories a-piece. Making the property even more enticing are the unbeatable views one has from the turrets, private terrace and balconies of Downtown Manhattan. The WTC site, Brooklyn Bridge and City Hall are clearly readily visible while the Empire State Building and Midtown comprise your backdrop. 

Upper East Side Summer 2013 Real Estate Wrap-up

Carlton House Upper East Side Penthouse

The Upper East Side is among the most consistent of Manhattan neighborhoods, but at New Construction Manhattan, we hear everything, and there's always something happening in terms of real estate. Here's a roundup of some of the bigger stories to hit the Upper East Side real estate world in August.

Making History? Landmarking the South Village

South Village Historical District Rezoning

For over forty years, the South Village has been one of the many battlegrounds between two utterly conflicting desires: the will to preserve the old New York character, and the drive to remain open to the constant state of change and progress that keeps the city fresh and prosperous. When the city approved the Hudson Square Rezoning last month, the Landmarks Preservation Commission (LPC) promised to consider the landmarking of the South Village. The proposed extension of the historic district will add 240 properties on top of the current 2,315, with the new additions falling inside the boundaries of West Fourth, West Houston, Sixth Avenue and LaGuardia Place.

Debate Continues over Whether or Not Landmarks Hinder Development in New York City

The Real Estate Board of New York and the Landmark Coalition continue to battle over landmark laws in New York CityThe debate over landmarking has finally come to a head. The Real Estate Board of New York (REBNY) composed a three page signatory letter confronting landmarking policies developed by the Landmarks Preservation Commission (LPC) which allow for any building erected more than thirty years ago to be conserved as a landmark. Today will mark REBNY’s first public announcement to speak out regarding transparency in the landmark process, lack of public input for what buildings should become landmarks, and that the increasing number of landmarks have weakened Manhattan’s economic growth. In response to the historic districts created by the LPC on West End Avenue in Manhattan and in the Downtown Brooklyn Skyscraper District in particular, REBNY has formed the Responsible Landmark Coalition.

Deal Closed for Property on 71 Laight Street

71 Laight Street in TribecaBefore the ink dries on the contract, we’re going to tell you about the next completed development deal to happen in Manhattan. 71 Laight Street, a luxury Manhattan condo in Tribeca, has just been sold to Taconic Investment Partners for a cool $65 million, or around $600 per square foot. The transaction will officially close in May or June.

Alvaro Arranz, a Manhattan developer, currently owns the property, which is an old warehouse that doubles as a parking garage. He initially bought it in 2007 for $57 million. At first he conceived of converting it into a luxury residential building, but after a construction freeze he decided to sell the property instead. He put the site on the market in 2010.

West End Historic District Set to Expand Dramatically

A map of the proposed historic district on the Upper West SideWest End Avenue is home to some of the most regal buildings in all of Manhattan, and soon those buildings might be off limits to the real estate developers who are constantly looking to transform Manhattan with new construction. A few years ago, the West End Preservation Society submitted a proposal to the Landmarks Preservation Commission to expand the historic district on West End Avenue, thereby preserving a huge swath of the area. If approved, the proposed district will extend from West 70th Street all the way up to West 109th Street between Broadway and Riverside Avenues, a 2-mile stretch on the Upper West Side that encompasses 745 buildings in all. This change would eliminate new construction on West End Ave, although it would still allow developers to convert existing buildings into condos. Nonetheless, in a neighborhood that attracts very affluent buyers and renters, it's safe to say that developers will not be happy about being forced to give up such a valuable part of Manhattan.

New York City Landmarks and Apartments Go Dark to Go Green

Green apartments in New YorkOn Saturday, March 28, going lights out for a night meant going Green for many NYC landmarks and high-end condominium buildings. Beginning at 8:30 p.m., the Empire State Building, the Chrysler Building, many Times Square billboards, and the decorative light necklaces on the East River bridges shut off their lights for an hour.