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Saturday, January 9, 2016

Curbed NY

SOLD STUFF

432 Park Finally Has Its First Recorded Sale For $18M

TRANSPORTATION WATCH

NYC Subway Plods Into 21st Century With Wi-Fi, Real-Time Info

CURBED MARKETPLACE

817 Dekalb Avenue, Bed-Stuy, The Corcoran Group, $995,000

CONSTRUCTION WATCH

Flatiron District's New Tallest Tower Takes Shape

1452263138918.png[Construction at 45 East 22nd Street. Via Tectonic.]
When complete, 45 East 22nd Street will be the new tallest tower in the Flatiron District, and it's starting to look like its cantilevered self, as seen in photos posted by Tectonic. The 718-foot-tall Kohn Pederson Fox-designed condominium building, developed by Coninuum Company, is being marketed as 65 stories (though permits only show 60 above ground floors). There will be 81 units, from a one-bedroom for $2.5 million and a four-bedroom for $20.75 million to a penthouse that hasn't even hit the market yet.
More photos here >>
WEEK IN REVIEW

A New Penn Station; Gowanus Is NYC's Top Neighborhood

Penn Station's $3B Renovation Plans, Revealed!NYC Subway Plods Into 21st Century With Wi-Fi, Real-Time InfoThe Curbed Cup Neighborhood of the Year Is Gowanus!Pricing Revealed for Rentals Hugging the Cathedral of St. John the DivineTina Fey Buys Another Fetch Upper West Side Co-op For $9.5MAstor Place Cube Could Make its Triumphant Return By SpringJavits Center to Get Even Bigger With $1B Expansion PlanTime-Lapse Video Lets You Ride the Entire 7 Line In 5 MinutesGo Inside NYC's First Medical Marijuana DispensaryIt's More Expensive to Buy In Manhattan Than Ever BeforeThe Flynn, the Latest Luxe Chelsea Condo, Launches SalesNYPL Expands Digital Collection With More Vintage TreasuresCity Point's Rent-Stabilized Apartments Debut From $2,750Nonprofit Wants 17-Mile Streetcar Linking Brooklyn & Queens5 New York City Apartments You Can Nab For Under $600,00Subway Dermatologist Dr. Zizmor's Bronx Mansion In ContractNew York City Rent Comparison: What $4,300 Gets You
SOLD STUFF

432 Park Finally Has Its First Recorded Sale For $18M

432park.jpg
It's true: After years of development, delays, and a change in brokers, Rafael Viñoly's immense supertall at 432 Park Avenue (which Curbed named its building of the year for 2015) finally has its first official sale. 6sqft reports that the first unit to move out of contract limbo and into officially sold territory is unit 35B, a 4,000-square-foot, 35th-floor penthouse apartment that was originally listed for $17.75 million
Check out the floorplan below >>
PRICECHOPPER

Tommy Hilfiger's Plaza Penthouse Is Now Asking Just $69M

Fashion mogul Tommy Hilfiger knows how to make a buck on pedaling preppy wares, but unloading real estate just isn't his thing. Behold, the saga—thus far—of his Plaza penthouse: Hilfiger's sprawling duplex has been on and off the market since 2008, when he and wife Dee Ocleppo listed it as a $50 million fixer-upper
Go inside the lovely penthouse >>
RENDERING REVEALS

Kips Bay May Get an Undulating Concrete Building

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[Renderings via Bluarch]
Shalimar Management has unveiled new designs for a proposed 10-story residential tower set to rise at 543 Second Avenue in Kips Bay6sqft reports. This proposal is a revision of a previous design that was released in the summer of 2014 and called for the construction of a 12-story mixed-use building with retail on the ground floor. The design has taken a major shift as well, moving from a glassy box like structure to a concrete building with less use of glass, and undulating balconies.
What else do we know about this residential building so far? >>
CURBED NATIONAL

This Chart Explains Why Your City's Proposed Train Line May Not Get Built

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A comparison of international mass transit construction costs per kilometer of rail; projects in the United States are highlighted in red.
Just about every urban dweller has spent time mired in a traffic jam, or stewing on a train platform waiting for a delayed ride to work, and thought, "if only this city had more or better public transportation options, my commute wouldn't be so horrendous." Americans can take a perverse pride in our not-so-great public transit systems, often much less expansive and reliable than those in other countries. While we often claim our auto-focused culture is the culprit, research by Alon Levy (graphed and commented on by John Ricco) makes it clear that the price of construction plays a key role in inhibiting the expansion of public transportation in this country. 
PRICECHOPPER

Taxi King's Showy Tribeca Penthouse Hits the Market For $25M

Taxi King Simon Garber is giving another stab at selling his palatial Tribeca penthouse in the wake of staking it as a $100,000/month rental. The scandal-plagued CEO first listed the property for $30 million in June 2015. The 6,400-square-foot penthouse has now returned for a slightly less astronomical $25 million. The interiors of the glitzy penthouse of 101 Warren are the work of Architectural Digest-celebrated designer Richard Mishaan, who gave the apartment its high-shine lime green kitchen, chain mosaic tile motif in the master bathroom, and other over-the-top finishes. It's certainly an apartment for those with certain tastes, but its downtown views and dual-floor wrap-around terraces are the best decoration of all.
Take a look around >>
TRANSPORTATION WATCH

NYC Subway Plods Into 21st Century With Wi-Fi, Real-Time Info

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[Times Square subway station. Photo by Christian Mueller / Shutterstock.com]
Governor Andrew Cuomo already revealed big plans to improve Penn Station and the Javits Center this week, so why not throw the entire subway system on top of that, too? As part of the governor's State of the State initiative, Cuomo detailed a plan of action for the MTA today (at the New York Transit Museum, no less) that includes big changes; namely, that more countdown clocks are coming sooner than expected, all subway stations will have Wi-Fi soon, and contactless payment will be a reality by 2018. 
Here's what it all entails >>
RENT WARS

After Court Victory, Tenant to Pay Under $800 For UWS Pad

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[478 Central Park West. Image via Google Maps]
Several recent investigations revealed that a large number of landlords across the city were flouting rent-stabilization laws and overcharging residents, particularly in high end rentals, and cashing in millions as a result. Little has been heard from these residents so far, but now one such scammed resident has scored a major victoryLane Altschuler, who lives in an Upper West Side three-bedroom apartment with views overlooking Central Park will now pay just under $800 per month after an appeals court ruled that his landlord was abusing the J-51 tax abatement program, the New York Post reports. 
Find out more about the tenant's windfall here >>
CURBED NATIONAL

Pritzker Prize 2016 Predictions: Who Could (And Should) Win?

Clockwise from top left: Diller Scofidio + Renfro, David Adjaye, Santiago Calatrava, and Sou Fujimoto
Long considered the Nobel Prize of the built environment and one of architecture's highest honors, the Pritzker Prize for 2016 will be awarded next Wednesday morning. The annual honorific comes with a $100,000 prize and a bronze medallion, given to a living architect (or, occasionally but not always, an architecture duo) who has "produced consistent and significant contributions to humanity." The yearly event invites plenty of speculation throughout the global architecture community, and while the award presentation lacks musical numbers and reaction shots, it does offer a look at how the "official" canon of design greatness may be expanded. 
CELEBRITY REAL ESTATE

Model Gigi Hadid Says Goodbye to Her Bowery Pad for $2.3M

Just six months after putting it on the market, supermodel and Taylor Swift bestie Gigi Hadid has sold her apartment at 250 Bowery, according to the New York Observer. Hadid had occupied the condo for just about a year, and originally listed it for $2.5 million back in July. It sold for just under its asking price to a group under the boringly-named 50NYU Inc., which snapped up the property for $2.3 million. But Hadid likely won't be homeless for long: Earlier this week, she was spotted looking at one of the last remaining apartments at Annabelle Selldorf's 10 Bond, along with current beau (and former One Direction heartthrob) Zayn Malik
Take a look around >> 
ON THE MARKET

Unique Turreted Abode on Central Park West Wants $8.75M

One of Manhattan's most unusual condo buildings is 455 Central Park West, the former New York Cancer Hospital that was converted to residences a decade ago. The landmarked building is home to only 16 residences, and considering the structure's design—it basically looks like a tiny castle—it's pretty exciting when one of those hits the market. The latest unit, a maisonette, is asking $8.75 million, and occupies two of the building's turrets, which are connected by a nearly 24-foot gallery. The apartment itself has over 4,200 square feet of space and features a massive private courtyard. Everything about this elegant apartment screams spaciousness. The living room has a 13-foot tall ceiling and comes fitted with oak floors, a custom-designed marble fireplace, and six windows overlooking Central Park. The master bedroom in this four-bedroom apartment is no less grand with access to the courtyard, and large windows that fill the room with sunlight. Amenities in the building include a swimming pool, a fitness and spa center, and a common garden. All said and done, this castle-style apartment is definitely fit for a king.
Take a look around + peep the floorplan >>
FTW

Astor Place Cube Could Make its Triumphant Return By Spring

The Astor Place Cube's triumphant return to its official resting place in the East Village could be just a few months away, Bedford+Boweryreports. Excavation work has finally begun at Alamo Plaza, named after what the Tony Rosenthal-created sculpture is officially known, AlamoThe Cube was removed from the site over a year ago to protect it from being damaged during the ongoing construction work in the area. It's currently being restored and repainted at a facility in New Jersey.
When is the Cube likely to come back? >>
THOUGHT EXPERIMENTS

Imagining Yet Another Tall Tower South of Central Park

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[Rendering by Cushman & Wakefield, via YIMBY]
The building housing the 6 Hotel in Columbus Circle hit the market in December, and marketing materials uncovered by YIMBY show one of Cushman & Wakefield's proposals for the site, which they call a "truly unique development opportunity": a 700-foot mixed-use building that would have retail and commercial space, along with apartments. 
But it's just an idea for now >>
PRESERVATION WATCH

Sunset Park's 19th-Century 'Castle' Could Get a Modern Addition

Concept O2a (Ben Herzog).jpg
The most likely design the developer will chose. This has been created by Brooklyn-based architect Ben Herzog.
After decades of neglect, a historic castle-like building in Sunset Park, Brooklyn may now be restored to its 19th Century glory. Developer Yosef Streicher is planning a $5 million restoration of the former 68th Precinct Station House located at 4302 4th Avenue, after which it will be home to a community center and a cafeThe Brooklyn Daily, first reported. An adjoining lot will see the construction of a residential building with ten luxury condos, also undertaken by the same developer.
Check out the other design submissions >>

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