HFZ's Midtown Development 80% Sold; L+M Makes Big LES Buy
MIDTOWN EAST—HFZ Capital's Midtown East development, Halcyon, at 305 East 51st Street is now 80-percent sold. The 123-apartmentbuilding which went on sale around the beginning of 2014 is notable for its ritzy amenities and troubled past. The building's sales update comes with word that a contract has been inked for Penthouse B, which was listed for $11.75 million. Remaining apartments in the building range in ask from $1.2 million to $12 million. [CurbedWire inbox; previously]
LOWER EAST SIDE—L+M Development Partners and Nelson Management Group have snatched up 257-271 South Street, a 19-story residential building between Clinton and Jefferson streets off of FDR Drive. The building currently houses 256 apartments which, under L+M, will serve as mixed-income housing. [CurbedWire inbox; previously]
Arrests in Department of Buildings Bribery Scheme
· City announces arrests in DOB and HPD bribery schemes [DA]
· Hamilton Heights townhouse asks $2.45M [Harlem + Bespoke]
· Forest Hills/Rego Park/Kew Gardens group launches [Q'Stoner]
· Checking in on the construction at 7 Bryant Park [Field Condition]
· Permits filed for new rental building in Long Island City [YIMBY]
· Mapping the new homeless shelters coming to Queens [DNA]
· De Blasio unveils $77.7 billion budget plan for 2016 [NYO]
· Court says the Met can continue "pay as you wish" policy [Gothamist]
· Hamilton Heights townhouse asks $2.45M [Harlem + Bespoke]
· Forest Hills/Rego Park/Kew Gardens group launches [Q'Stoner]
· Checking in on the construction at 7 Bryant Park [Field Condition]
· Permits filed for new rental building in Long Island City [YIMBY]
· Mapping the new homeless shelters coming to Queens [DNA]
· De Blasio unveils $77.7 billion budget plan for 2016 [NYO]
· Court says the Met can continue "pay as you wish" policy [Gothamist]
The Times continues to pull back the curtain on scandal-tainted foreign buyers who buy multimillion dollar apartments in Manhattan via anonymous shell companies.Today, the investigation turns to Indian mega-builder Kabul Chawla, who has sold hundreds of apartments in a residential complex to buyers in New Delhi but has yet to complete them stringing buyers along for years. At the same time he was facing backlash at home, he was probably buying a $19.4 million condo at the Time Warner Center. In all cash. Bonkers. [NYT; previously]Cornerspotted: Grand and Graham Avenues in Williamsburg
This week's hint helped guessers put their thinking caps on and name alliterative intersections throughout the city, but it was only first-time commenter Marc Kushner who correctly identified the intersection as the north east corner of Grand and Graham avenues in Williamsburg. The building appears to remain the same, despite some alterations to the facade like moved windows and covered-over storefronts.
· Hint: This Building Stands at an Alliterative Intersection [Curbed]
· Cornerspotter archives [Curbed]
· Hint: This Building Stands at an Alliterative Intersection [Curbed]
· Cornerspotter archives [Curbed]
Offering us all the chance to fulfill our lifelong dreams of drinking a very small amount of alcohol in a crowded subway station during rush hour, wedding planning website The Knot is recruiting people to break the Guinness World Record for the biggest toast. They are doing it, for reasons unknown, in Fulton Center between 4:30 and 6:30. Can't imagine anything going wrong there. Steve Cuozzo, you in? [DNAinfo; previously]
Somehow Williamsburg Is Getting Even More New Apartments
Because Williamsburg is chock-full of new construction, it's hard to imagine there's room for any more. But then a tipster sent in a photo of the signage that just went up at the corner of North 12th and Berry streets. It took some sleuthing, but Department of Buildings filings reveal that the rendering is of a seven-story, 54-unit building. Said the tipster: "I've lived across the street at 34 Berry since the building opened, and noticed that the empty lot was already a stalled construction site since June 2010." The original permit was actually filed and approved back in 2008, but just renewed at the end of January. So his update makes sense: "In recent weeks, I've walked by the site and noticed that activity has started again. There's also a sign up that says a residential project is in progress and due for completion in July 2016." The design seems to include columns of brick interspersed with casement windows, including some that curve around the corner.
Will Your Neighborhood Survive the Apocalyptic Floods?
[Probably not.]
Seattle man Jeffrey Linn has set out to answer the question: if one third of the world's ice sheets melted and sea levels rose 100 feet, which parts of major cities would end up underwater? The answer, when it comes to New York City, is: most of them. The horror of such a scenario is mitigated somewhat by the fact that it's still a couple thousand years away, and also by Linn's funny, irreverent renaming of NYC neighborhoods (CUNY Island, Middrown, Port Greene, and Little Venice, to name few). Then again—still pretty horrifying.
Another big new development could be in East Harlem's future. A site at 1532 Madison Avenue on the corner of East 104th Street is being shopped around as the perfect home for a new tower that could hold "a school, hospital, stores with avenue frontage, high-priced residential condos or some combination of all the above." The site can hold 50,000 square feet as of right, but if additional development rights are purchased, a new building can be up to 80,000 square feet, with 28,000 square feet of residential. [Crain's]Artist Turns Greenpoint Club Into Massive Home Asking $11M
In 2010, kind-of-big-deal artist Matthew Day Jackson bought up a two-story warehouse in Greenpoint that had previously home to a "hipsteriffic" nightclub called Studio B. He shelled out $2 million for the property. After an extensive renovation that converted the ground floor into a studio and workroom and the upper floor into an airy apartment, all 15,000 square feet of 259 Banker Street is now for sale.
There is also a private gallery, office, separate eat in kitchen, freight elevator and indoor parking. Some of the other innumerable highlights of the loft above include: 12 ft ceilings with custom skylights, a chefs kitchen with Subzero, and Wolf appliances, central heat and ac, all new mechanicals, an indoor/outdoor patio with retractable roof, separate guest suite, and skyline views of Manhattan.
The best part is definitely the massive playroom/yoga studio that's plastered with skylights. The ask? $11,000,000.
POPULAR
Dumbo's Old Fulton Street is getting a new building, and it's risen about two stories on its way to an eventual four-story height. The lot was empty when the area became a historic district, so the structure that's being constructed got the thumbs up from Landmarks back in 2010. It'll house three apartments as well as commercial space that includes a restaurant. [Brownstoner; previously]Boerum Hill's Passive House Condos Are Ready For Buyers
The first of Boerum Hill's ecotastic condos have hit the market, and the renderings in the listings show that the design has changed a bit since October. The building's facade will be clad in brass tiles (thankfully it is not the very white look that was previously revealed), and the interiors look like the usual: open layouts with large kitchens, marble counters, marble bathrooms, and light hardwood floors. Two of the 10 units are currently listed: a 1,563-square-foot three-bedroom asking $2.495 million and a 3,133-square-foot four-bedroom with a private terrace asking $5.25 million. The project incorporates Passive House standards for sustainability, meaning that the building is super insulated for energy efficiency. Other eco features include a solar hot water system and an electric car charging station.
A Guide to the Most Absurdly Named Buildings in NYC
Recently, Million Dollar Listing star Fredrik Eklund announced a new condo project on Williamsburg's Berry Street called Williamsberry. This is a very silly name for a building in which ostensibly serious adults are going to live—it sounds like a froyo shop or a fancy English butler. But the truth is that every building name is silly because buildings already come with names: their addresses. Sure, there are exceptions— the Chrysler Building, for instance, is a special building with a dignified and logical name—but for every Chrysler Building there are a dozen 260N9s. Because who would buy a condo there if it was just called 260 North 9th Street?
The 20-unit rental building at 14 Fifth Avenue is headed for a growth spurt. Developer Madison Realty Capital bought the building for $27.5 million, and is planning to turn the the units into "high-end" rentals. The firm also plans to tap into the property's 43,000 square feet of development rights to add a few floors. The building has a "handful of rent-stabilized tenants," so let's see if the renovation goes off without lawsuits. [Crain's]Barclays Center May Lose Its Entrance Plaza By 2016
[Barclays Center photo by Will Femia]
The wide open plaza in front of the Barclays Center has proven to be a great use of space—all of those Nets fans need somewhere to line up while waiting to go through metal detectors—but Norman Oder of Atlantic Yards Reports reminds us that the plaza is likely not permanent. The original plans for Atlantic Yards, now called Pacific Park, called for an office building and hotel to rise on the site, but the recession halted that plan. New documents distributed at a Community Development Corporation meeting, however, indicate that construction is projected to start on this building by November 2016for an opening in February 2019.
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