Articles on New NYC Condo Developments

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.

Manhattan’s Newest Condos: Need To Know Facts

Manhattan's Newest Luxury Condos - Need to Know Facts

After the past few years of tight inventory and very few new buildings hitting the market, we saw a small respite in 2013. While available inventory still hasn't hit pre-recession levels, there are a lot of new luxury condo’s on the market, and we have the facts that you need to know.

Downtown Rising: New Developments in FiDi

In recent years, the Financial District has taken a lot of hard blows, from the September 11th attacks to the devastation of Hurricane Sandy, but the neighborhood has persevered and promises to be stronger than ever despite some of the problems facing the revitalization of the Pier 17 shopping mall. While some of the more obvious signs of this include the newly opened 4 orld Trade Center and the Freedom Tower opening late next year, there also an astounding 17 new developments and luxury conversions under construction or on the way. 

Simply Irresistible: Long Island City Attracting Manhattan Developers

Long Island City from Manhattan

And the next stop on the lucrative New York City real estate rocket train—which is shooting at extraordinary speeds down the tracks of development—is… Long Island City!

A House Divided: The “Poor Door” Controversy in the Upper West Side

Poor Door Controversy on the Upper West Side

While it goes without saying that affordable housing is nearly impossible to find in Manhattan, especially with realty prices soaring, the development project at 40 Riverside Boulevard is offering mixed-income housing with luxury condos and affordable apartments in the same building. Among the 274 planned units of the 33-story building, 219 will be luxury condos on the upper floors facing the Hudson River while the remaining 55 units will be designated as affordable housing units with a designated separate entrance, that has become known as the controversial “poor door.” The site’s developer, Extell, has sparked a classist controversy and outrage for this plan to have income-segregated entrances. Extell plans for a mixed-income building due to the potential tax breaks it will receive through the 421a tax exemption program, yet the perceived separate-but-equal logic of the segregated entrances has produced considerable backlash against Extell.

Chelsea’s Newest Addition: The Soori High Line at 522 West 29th Street

The Soori High Line in Chelsea

Heads up, apartment hunters—a striking new building is on its way to Chelsea, and this Manhattan luxury development looks like one to keep an eye out for. Developed by Blackhouse and Oriel, this impressive structure will be located at 522 West 29th Street and will contain 27 luxury condominiums. The 11-story building is being designed by SCDA Architects and has been named the Soori High Line.

Extra, Extra! The Printing House Has Extra!

The Printing House West Village

The Printing House in the West Village is somewhat old news. Having been constructed in 1910, and converted into a residential loft rental building back in 1979 - then again converted to condominiums in 1987 - we can all but shrug upon hearing it mentioned. But don’t get bored just yet. Developers have made some mighty conversions to several of the quarters within the century-old printing house located on 421 Hudson Street.

150 Charles Street: Sizzling Up New York’s Real Estate Scene

150 Charles Street in the West Village

If we were to look at its architecture alone, 150 Charles Street in the West Village may not be as glitzy or glamorous as some of the other new buildings coming up in New York City. But while its exterior may be low profile, its interior is anything but ordinary—the luxury apartments being offered at 150 Charles Street have been selling like hot cakes ever since they came into the market in February. People have been lining up to snap up the homes at 150 Charles Street, and nearly half of the building’s 91 condos have already been sold.

Back In Action: 15 Renwick's "New"-New Facelift

New Renwick Street Rendering

 

It’s been a long several years for 15 Renwick Street. The former brownstone located on the seemingly quiet street of Renwick was demolished back in 2008. The demolition was set to make way for a new luxury condominium, compliments of Ismael Leyva Architects with Douglas Elliman at the helm. Yet, the 70,000-square foot development site (located in the western portion of the Soho neighborhood) has been sitting undone since 2009, and now has renderings out flaunting a new facade.

New Construction By The Numbers: A Look Ahead

We crunched the numbers for the 2012 real estate market in Manhattan and have found some interesting trends regarding increased consumer demand and the amount of new inventory scheduled to hit the market in 2013.