Articles on New Construction Condos

Better than Gold? NYC Luxury Real Estate Is a Solid Investment

Nordstrom Tower 225 West 57th Street Billionaire's Row New Construction Manhattan

According to Blackrock chairman Laurence D. Fink, there are but two asset classes that should be on anybody’s mind: contemporary art, and real estate – particularly in Manhattan, Vancouver, and London.  He continues that the investment value of these commodities have even surpassed gold, which has been considered throughout history to be a solid asset and investment.  Of course, gold peaked in 2011, but has since dropped by over 35 percent since then; by contrast, Manhattan real estate, especially the luxury sector, has been performing exceptionally well, which in turn is shifting demand to Brooklyn, subsequently moving more demand towards the oft-overlooked Queens market.

NYC's Land Scarcity = Building Conversions

 

360 Central Park West Rendering

360 Central Park West

New York City has always been synonymous with reinvention. As The New York Times states, “Building have been no different,” and recently, this has been especially true. In the city of dreams, every building is given the possibility of a second chance, including office towers, cathedrals, power plants, parking garages, schools, cinemas, warehouses, and even banks.

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.   

Upgrading Brooklyn: A Fusion of New and Old

Red Hook Innovative District

Piece by piece, NYC is undergoing a transformation: modernization, to the tune of green, ultraluxe and amenities. Though most of the construction is brand new buildings, developers are also restoring older buildings to fit a new generation of architecture. These renovations are intended to maintain the former beauty of the buildings, match the prevalent characteristics of the neighborhood it resides in, and meet the current needs of society.

By the Yard: Brooklyn's New Construction Townhouses

Brooklyn’s growth in popularity has been well-documented over the past few years, and over the decade or so that neighborhoods like Williamsburg have been growing, young families are starting to emerge who still appreciate the neighborhood-centric, and vaguely suburban, pace of life that’s still present in the outer borough.

Makes Sense: Report Shows New Constructions Are Driving Market

Even before 2015 began, real estate news outlets had commented on the beginnings of a cooldown in New York’s real estate market — the market’s growth would continue steadily, albeit at a more even keel than in the few boom years that preceded it.  On Monday, the 4Q 2014 Elliman Report was released, which illustrated a more accurate picture of the market.  The take home message: Manhattan’s ultraluxe new developments are driving the market.

2014 Year End Roundup: The 5 Biggest Stories for NYC's New Constructions

2014 has been a pretty solid year with a whole lot of brand new projects making headway.  With new constructions going at this pace, New York’s skyline is on track for a pretty neat transformation — and with projects in Brooklyn and Queens on thr rise, especially around the waterfront, the attention isn’t just focused on Manhattan anymore.

 

Riverside Center: UWS New Construction Megaproject Gets Renderings

Rendering of Building Three's Interior [All images via 6sqft]

As with many cities, New York’s cityscape is constantly evolving.  This goes doubly true considering the bevy of new construction megaprojects rising up in Manhattan and waterfront Brooklyn and Queens.  Manhattan’s planned clusters of high-rises, which are sometimes divisively glassy in their aesthetics, approach their designs with the optimism of crystalline growth.