NEW DEVELOPMENTS: 70 Pine Tower Collection released; Sales underway at 1399 Park
Rose Associates announced that leasing has begun for apartments in the Tower Collection of 70 Pine.Comprised of studio, one- and two-bedroom apartments on floors 32 through 54, the Tower Collection is the second of three releases at 70 Pine. Leasing of the property’s City Collection (floors 7 to 31) began earlier this year and roughly 60 percent of those floors are fully rented. The Tower Collection has seven apartments on each floor and offers units with 9.5 ft. ceilings, hardwood floors and stainless steel Jenn Air and Blomberg appliances. Each home also has a washer and dryer.
Adam R. Rose, co-president of Rose Associates, said, “70 Pine has truly come to life, with residents already occupying the bulk of our City Collection apartments. With Black Fox coffee and La Palestra also operating, we are realizing the vision we long had for this special Art Deco property.” Along with development partner DTH Capital, Rose has overseen a three-year renovation of the 66-story 70 Pine. The property is comprised of more than 600 rental apartments in studio, one-, two- and three-bedroom configurations. 70 Pine has long been one of the city’s most celebrated skyscrapers. It originally acted as the headquarters of Cities Services, which sold the building to American International Group (AIG) in 1976. After AIG vacated the property, Rose Associates joined forces with DTH Capital to lead a team of architects, designers and landmark specialists that have transformed the building. Along with private residences, 70 Pine includes a 132-key residential hotel called Q&A, operated by Furnished Quarters. Rents range from $3,400 for a studio to more than $8,000 for a two-bedroom.
●HERITAGE REAL ESTATE PARTNERS
Sales start at 1399 Park
Sales just launched at 1399 Park Avenue, the new, full-service luxury condominium development at the crossroads of Upper Carnegie Hill and East Harlem. Julia Boland of Corcoran is leading sales for the building, developed by Heritage Real Estate Partners. Goldstein, Hill and West Architects designed the building in collaboration with Whitehall Interiors. Amenities include an indoor/outdoor entertaining space that connect a sprawling terrace with Wolf grills to the indoor residents’ lounge. There is a billiards lounge, library, fitness center, children’s playroom with an interactive magnetic art wall-scape, rock-climbing and ball pit, 24-hour doorman and on-site parking. Prices range from $680,000 for a studio to over $3 million for a four bedroom.
● TOLL BROTHERS CITY LIVING
Sutton model apartment open
Toll Brothers City Living unveiled of the first decorated model home at The Sutton, the new 29-story condominium building in Sutton Place.
This fall, as first residents have begun to move in, the sales gallery and daily operations have also moved on-site. The model home is a three-bedroom, 2.5-bathresidence totaling 1,947 s/f with white oak flooring and oversized windows. “We’re excited to let buyers know that The Sutton is now ready for immediate occupancy, and to welcome our first residents into their new homes,” said David Von Spreckelsen, the New York Division President of Toll Brothers City Living.
“Buyers have been drawn to the old-world sophistication of the Sutton Place neighborhood, and it’s great to have a completed building to help them envision all of the modern luxury The Sutton has to offer.” Located at 959 First Avenue and designed by Goldstein Hill & West Architects with interiors by Incorporated, The Sutton features 113 residences ranging from studios to four-bedroom homes. Amenities include a fitness center, children’s playroom, a residents’ lounge with fireplace. and bicycle storage. The Sutton is over 70 percent sold, with prices ranging from $1,809,990 to $4,329,990. Toll Brothers City Living is handling the sales and marketing.
● NAFTALI GROUP
Naftali sees sales surge at 221 W77th
The Naftali Group announced that 221 West 77th Street, its second building on the Upper West Side block, is now more than 60 percent sold, including the penthouse and both townhouses.
Sister building, 210 W 77th Street, is 93 percent sold. “This is an excellent indicator that our buyers believe in the neighborhood and our project,ˮ said Miki Naftali, founder, chairman, and CEO of the Naftali Group. “These brand new buildings are beautifully designed using the finest materials located in prime UPW, surrounded by amazing restaurants, shopping, fitness studios, and cultural institutions. “We are pleased with the pace of sales and are anticipating a busy fall.”
Architect and interior designer Thomas Juul-Hansen has created 26 luxury residences as half floors, full floors. Custom kitchens have walnut interiors created by Smallbone of Devizes with fixtures by Dornbracht and appliances made by Miele.
Juliet balconies a connection to the outdoors and select residences feature private outdoor terraces. Eery home has private elevator access opening directly into the residence. Apartments range from 1,715 s/f half floor homes to a 5,992 s/f. Amenities include a landscaped roof-deck, a paneled billiards room and gym. Parking spaces are available for purchase. Prices range from $4,925,000 for a three-bedroom up to $12,750,000 for a five-bedroom, full floor residence. Occupancy is slated for spring 2017.
● ALCHEMY PROPERTIES
The NOMA making its mark
Alchemy Propertiesʼ The NOMA has reached the 40 percent sold mark. Timothy McCarthy and Caleb Hartzler at Alchemy Properties report brisk business at the building’s sales gallery where art by Anni and Josef Albers is an added bonus.The residences at The NOMA range from one-bto three-bedrooms
FXFOWLE designed a Neo-Bauhaus inspired façade paired with clean interiors with warm tones and materials. The living spaces have 10 ft. plus ceiling heights, oversized windows and white oak floors. Many of the homes have outdoor space. The Noma has a 24-hour attended lobby, landscaped terrace, library and lounge, fitness center, bicycle storage and generator. The 24-story tower at 50 West 30th Street offers 55 condominium residences priced from $1.4 million. Two-bedrooms start at $2.4 million.
● FIELDS CONSTRUCTION CO.
Work starts on JC development
Fields Construction Company announced that construction has commenced on Phase II of 207 Van Vorst Street in Jersey City, New Jersey. Featuring 153 luxury apartments and 7,305 s/f of retail space, Phase II of 207 Van Vorst Street is the second of two 15-story buildings that are being erected on the site, which is situated adjacent to St. Peter’s Prep high school and within walking distance of NJ Transit’s PATH and light rail lines. The first building, which is also under construction, features 255 residences and an additional 7,237 square feet of retail space. “Located in a densely populated section of Jersey City, right next to a school, 207 Van Vorst Street presents the type of construction challenges that we’ve become adept at overcoming,” Fields Construction Principal Jim Caulfield said. “As we look to take on new projects throughout New Jersey, these two buildings will serve as a shining examples of the world-class work that our team produces.” The project, which is being developed by Fields Development Group, was designed by architectural firm Marchetto Higgins Stieve. McLaren Engineering Group is providing structural engineering design and construction support for the project. Construction of Phase I is expected to be complete in fall 2017, while Phase II is slated for completion in winter 2018.
●KELLER WILLIAMS NYC
Edry team to sell Queens conversion
The Edry Team at Keller Williams NYC will serve as exclusive sales agent for the conversion of a pre-war multi-family residence in Forest Hills, Queens, to condominium status.
Sandy Edry, who heads the team, said, “The location is superb, and the pre-war quality and aesthetic details of this building are hard to surpass.” The building, known throughout its 86-year existence as Georgian Court, will become The Georgian Condominiums when the conversion is effective. The residence is at 109-20 Queens Boulevard, a block from the shops of Austin Street, and a couple of blocks from four subway lines to Manhattan. The building features a courtyard garden, an onsite laundry facility and a live-in superintendent. New elevators will be installed.
Prices start in the low-$400,000s for one-bedroom residences, and the mid-$500,000s for two bedrooms.