NYC New Developments On the Market This Spring 2015

From left, Soo Chan's 515 Highline, Norman Foster's 100 East 53rd Street, Jean Nouvel's 53 West 53rd Street, and Issac & Stern's wd~50-replacing Lower East Side condos at 50 Clinton Street

Our friends at The Real Deal featured NYC New Developments On the Market This Spring 2015! We categorized all NYC New Developments per area.  Feel free to share with  us which one of the new developments are your favorite and why?

New York City real estate is booming. Beyond charts and graphs and stats, another way to gauge the strength of the market is by the sheer number of new developments launching sales or leasing in a given season. Spring 2014 was action-packed, as was the fall of 2014. And the spring of 2015 looks to be no different, with at least 40 different projects hitting the market in the coming months. (Know of one we missed? Drop us a line to spill the beans.) As the mercury on the thermometer climbs, so too does the degree of hot hot heat in the real estate market. To prepare for the onslaught of pricey condos and rentals about to flood the city, all we can say is: brace.
—With reporting by Zoe Rosenberg

the {downtown} life:

From Tribeca, Soho, Greenwich Village NoHo Bowery

West Village NoLita Financial District

Lower East Side East Village Chelsea

12 WARREN
DDG is both the architect and developer of this very gray building look like a pile of rocks. Sales launch in early spring—read: soon—and when complete, will contain 13 duplex, full-floor, and half-floor condos. Amenities in the boutique building include a fancy-sounding private gym (“with reclaimed wood flooring, exposed brick masonry and board-formed concrete”) and bike storage. Some apartments will have private elevator access, roof access, terraces, and storage.
 87 LEONARD STREET
Last fall must have been a false alarm for 87 Leonard. The teaser site bills it as “a cast iron building from 1860 recast for modern living.” There will be seven units ranging from three to six bedrooms. The developer is Magnum Real Estate Group (yes, that of the semi-notorious Ben Shaoul) and the architect is Grasso-Menziuso Architects, with interiors by GRADE. Broker Raphael de Nirojust told the Journal that sales will launch “in a few weeks.”
 OBSIDIAN HOUSE
Sales are launching in the early spring at Tribeca’s Obsidian House, which is a project that’s converting the city’s second-oldest cast-iron building from rentals into four uber-fancy apartments. Developed by Knightsbridge Properties and designed by WORKac, the building will house three two-bedroom lofts priced from $2.95 million to $3.1 million. Then there’s the triplex penthouse, expected to ask $7.45M. The sales gallery is located at 68 Thomas Street.
 111 MURRAY STREET
Set to launch in late spring, 111 Murray Street is one of many tall towers sprouting downtown. It will rise 66 stories and 857 feet, housing 139 “ultraluxury” apartments that will average 2,627 square feet, and include studios to five-bedrooms, plus penthouses. The site, which was once a St. John’s University building, is being developed by Fisher Brothers and Witkoff. Pricing is under wraps for now but will be “very high end.” So just presume, oh, $5,000 per square foot or something and you’ll be in the ballpark.
 RALPH WALKER TRIBECA
Ralph Walker Tribeca, after the architect who designed it back in the 1920s. Shaoul and co. are carving 161 apartments out of the Art Deco structure, with interiors by GRADE. As for pricing, two- to five-bedrooms will start at $2.5 million and go up to $15 million (with talk of a $100 million penthouse), and there will be more then 40,000 square feet of amenities. It will also be flood-proof.
 152 ELIZABETH STREET
 Pritzker Prize-winning Tadao Ando from Japan is also at work on his first New York City Project. Nolita’s new seven-story building will feature steel, glass, and concrete that’s poured in place. Range from two to five bedrooms (and 1,950 to 5,600 square feet); their interiors are the purview of Gabellini Sheppard. The 32,000-square-foot building will have a rooftop terrace. As befitting their rarity, they’ll be pricey when Compass leads the sales launch this spring, with half-floor apartments starting at $5.9 million and full-floor units at $15 million and up.
 515 HIGHLINE
Set to launch sales in April this luxury condo building joining the throng along the High Line has only 12 units. Tucked into the crook where the elevated park makes a westward turn at 29th Street, the building will prominently feature public art on its facade in an “art wall.” The lower floors have half-floor units at 2,200 square feet, while the upper floors have full-floor ones at 4,400 square feet. Each apartment has private elevators, private outdoor space, and its own fire pit. Building-wide amenities include a separate kitchen for caterers, gym, and steam room. Pricing will range from $5 to $25 million.
 JARDIM
Brazilian avant-garde architect Isay Weinfeld’s is designing his first project in New York, the Jardim, right near the High Line for Centaur Properties and Greyscale Development Group. The apartments will range from one to four bedrooms, and all have private outdoor space. Renderings revealed thus far have been sketchy—literally—but it looks pretty nice. A private driveway, parking, landscaped gardens, an indoor pool, a gym, a massage room, kids’ playroom, private storage, and bike storage room make up the amenity roster. Elliman will launch sales this spring, with the building’s estimated completion set for 2017.
 BOW BUILDING
A 150-year-old, formerly vacant landmarked building between 27th and 28th streets in the ever-popular NoMad is being converted into four apartments by Pan-Brothers Associates, who are also adding a rooftop addition. In April 2013, the plans won approval from the local community board. All four units will have outdoor space, and the Daily News reported that prices will likely “range from about $3.5 million for a 1,600-square-foot pad to nearly $7 million for the duplex penthouse.”with sales expected to launch this summer..
 78 IRVING PLACE
Madison Realty Capital is the developer behind the rental-to-condo conversion at 78 Irving Place between Union Square and Gramercy Park. The seven-story building is undergoing a complete gut renovation led by PKSB and will be reborn as seven spacious condos, ranging in size from one-, two-, and three-bedrooms to a five-bedroom duplex penthouse. Price ranges on the teaser site start at $2 million and go up to $8 million-plus. Sales will launch this spring, but the building won’t be complete until the fall.
 204 FORSYTH
By 2014, the Nativity Mission School that once sat at this site on the Lower East Side had been completely razed to make way for a seven-story condo building. Marketed as “edgy refinement east of Soho”, the 11-unit building is all two- and three-bedrooms that start from $3.25 million. Sales will launch “very soon.” Buyers get access to a bike room, gym, and parking. Charles Saulson is the developer; Z Architecture is the architect, and Paris Forino is the interior designer.

the {uptown} life:

Midtown  Columbus Circle Sutton Place

Hell’s Kitchen Lincoln Square Upper West Side

Upper East Side Lenox Hill Carnegie Hill Yorkville

 

520 PARK AVENUE
 Zecekdorf began the project by amassing air rights (and a Park Avenue address) from a church on 60th Street, with the aim to build the next 15 Central Park West, and they’re well on their way. 530 Park is made up of just 23 full-floor units of about 4,600 square feet each, which will start at $16.2 million and top out at $36.35 million. Seven almost-10,000-foot-duplexeswill start at $67 million and go up to $83 million. Expect a sales launch the first week in April.
 220 CENTRAL PARK SOUTH
Think of it as 520 Park’s big sister. This Robert A.M. Stern-designed limestone fortress is going to be incredibly pricey when sales launch this summer. All you need to remember than it might have a $175 million penthouse, which would best any other, proposed or existing, in the city. The cheapest unit is $12 million. There will be 118 apartments, housed in a 69-story tower that fronts on 58th Street, and a 14-story villa on Central Park South itself.
 53 WEST 53RD STREET
This launch has been a long time coming. But it’s only a few more months until the MoMA tower, formerly known as Tower Verre and now called 53W53, finally comes to market. Developers Hines, Goldman Sachs, and Pontiac Land Group tapped French starchitect Jean Nouvel to build a 1,050-foot-tall tower of condos with exhibition space for the museum on the second, third, and fifth floors. Interiors are by Thierry Despont, and pricing will start at $3 million and go up to “well above” $50 million.
 605 WEST 42ND STREET
Moinian’s enormous rental building near the West Side Highway will set a record when it’s complete—for the largest apartment building in the city according to sheer number of units: 1,175. Goldstein Hill & West Architects is designing the 60-story tower, which topped out in December and has a slew of super-sexy black-and-white construction photos in its arsenal. While leasing will start this spring, pricing is TBD, and “will be at the higher end of the market.” The amenities will, of course, be outrageous, occupying a 70,000-square-foot club.
ONE HUNDRED EAST FIFTY THIRD STREET
The long-stalled building once known as 610 Lexington Avenue has a new name befitting of (and boldly naming) the starchitect who is designing it: One Hundred East Fifty Third Street by Foster + Partners. Norman Foster, tapped by developers RFR Realty and Vanke, is putting up 94 very glassy condos that will hit the market this spring with asks that are actually to be determined, but who are we kidding? They’re not going to come cheap. Instead of just a tantalizing peek at the facade, amenities include a gym with a 60-foot pool, a library lounge, and a media room.
 172 MADISON AVENUE
Midtown South is getting more action with the addition of Yitzhak Tessler’s 34-story condo tower, designed by the ubiquitous Karl Fischer. Tessler Developments’ project will have 69 units, including 17 one-bedrooms of around 900 square feet, 40 two-bedrooms of about 1,500 square feet each, and six three-bedrooms of around 2,150 square feet, as well as the “Sky House” and “Mansion” units and four penthouses. The sales office is projected to open in March, and asks will begin at $1.2M for a 1BR, $2.7M for a 2BR, and from $6M for a 3BR residence.
 ONE WEST END
Designed by Pelli Clarke Pelli Architects with interiors by Jeffrey Beers International, the condo building will have 246 one- to four-bedroom homes across 47 stories that range from $1.3 million to over $20 million in price (that’d be the penthouse). The amenities have been labeled “resort-style,” which makes us think of a beach, but really it’s just your standard 12,000-square-foot rooftop garden terrace with cabanas, green space and areas for grilling and outdoor entertaining. There’s also a gym, a 75-foot pool, spa treatment rooms, a media room, a game room, a playroom, and parking.

the {Brooklyn} life:

Williamsburg  East Williamsburg Fort Green Prospect Park Bushwick Downtown Brooklyn Cobble Hill Brooklyn Heights DUMBO Fort Greene

WILLIAMSBERRY

Very soon, you will be able to live in a building with what is probably the worst name in New York City. Welcome to Williamsberry, which sounds like a poorly flavored jam and has 63 units that range from studios to four-bedrooms. A former noodle factory that has been through quite an ordealgetting to its current stage, the development has a common garden—and apartments from $575,000. Developed by Mona Gora and Golden Lioness, it’s designed by Workshop Design + Architecture with interiors by Paris Forino.
 BROOKLYN TRUST COMPANY BUILDING
Stahl Organization is converting the formerBrooklyn Trust Company Building into 12 luxury condos. Originally built by York & Sawyer, it opened in 1916. The apartments range from two to five bedrooms and 2,200 to 3,100 square feet; four are duplexes. Amenities include a pet spa, bike and stroller storage, a lounge with a kitchenette, a teen room, a kids’ play room, a music practice room, a gym, and a rooftop terrace with a BBW grill. Pricing starts at about $3.35 million and tops out at $4.35 million. Barry Rice Architects is doing the restoration. Sales will launch in mid to late spring.
 247 NORTH SEVENTH
After nearly a decade of delays and obstacles, apartments at 247 North 7th Street in Williamsburg are finally going to hit the rental market. Apartments in the 169-unit development (renderings here!), which consists of two seven-story buildings, will start at $2,575, with penthouses asking $6,700. Unit sizes will range from studios to two-bedrooms, amenities include a lounge, gym, two roof decks,parking, bike room, storage facilities and pet spa.
 550 VANDERBILT
Come June, the first apartments of the megaproject formerly known as Atlantic Yards (now Pacific Park) will be up for grabs this summer. Pricing starts at a somewhat reasonable $550,000 and will scale up to around $5.5 million for the nicest units. Amenities spread over 10,000 square feet include a roof terrace, a residents’ lounge with fireplace, a library, a kids’ playroom, a kitchen for entertaining and private events, and a fitness center. There will also be bike storage, private storage units, underground parking. Image courtesy of www.550vanderbilt.com
 490 MYRTLE AVENUE
Madison Realty Capital is plopping a rather large Aufgang Architects-designed seven-story, 93-apartment building at 490 Myrtle Avenue in Clinton Hill. The apartments will all be rentals and will be split between studios, one-, and two-bedroom apartments. Aptsandlofts.com will handle rentals, which will launch in April. Madison’s neighboring project, 504 Myrtle Avenue, is a few paces behind, but it will house 141 units. The total number of units for the two buildings will be 232, a figure previously reported for 490
Myrtle alone.
 THE GIOVANNI
Perennial mayoral candidate John Catsimatidis is building four buildings along Myrtle Avenue in Fort Greene. Meet the second one, called The Giovanni, which will hold 205 rental apartments and launch leasing in May, with move-ins in late spring/early summer. Designed by Dattner Architects, the building will house 40 studios, 136 one-bedrooms and 29 two-bedrooms. All units have stacked Bosch washer/dryers; some have private outdoor space.
 150 RICHARDSON
This boutique East Williamsburg building has led us on for quite some time now, but apparently, at long last, the sales launch is actually happening, with units hitting the market in early April. 150 Richardson’s eight apartments are “warehouse-inspired”, which apparently means containing exposed brick that’s reclaimed from a carriage & buggy factory, exposed concrete beams, blackened steel accents, and “antique” hardwood floors. The five-story building, developed by Black Diamond Development,
 266-268 GREENE AVENUE
Boaz Gilad’s Brookland Capital is in the midsts of erecting two three-story buildings on Greene Avenue, but unlike the company’s relatively new nine-apartment development at No. 260, Nos. 266 and 268 will have just six apartments total. As of July, two floors of the new buildings were partially completed. The apartments will be condos, four floor-throughs and two duplexes, and range in size from studios to three-bedrooms. No word on pricing yet.
 735-737 BERGEN STREET
Isaac and Stern is designing the two five-story buildings with 18 apartments between them that—surprise!—Boaz Gilad’s Brookland Capital is bringing to 735-737 Bergen Street. The condos will range in size from studios to three bedrooms, with pricing details expected closer to its sales launch. Unlike some of Gilad’s developments, the buildingactually has a rendering, and it looks kind of cool.
 357 PROSPECT PLACE
The building at 357 Prospect Place in Prospect Heights has been in development limbo for the past several years as it suffered under the lead of Robert Scarano, but since Boaz Gilad’s Brookland Capital picked up the site, things have really been moving. A preliminary rendering for the project was revealedin August of 2014, and sales in the five-story, seven-condo building are expected to launch in the next few months. The apartments will be divided into floor-through apartments and apartments that share a floor. The penthouse will have private outdoor space.
 1094 MADISON STREET
This Boaz Gilad-developed four-story Bushwick building will have eight condos ranging in size from studios to three-bedrooms. As of September, construction was at the second floor. In true Boaz Gilad fashion, there’s no rendering for the incoming building.
For more information and an expert guidance on navigating through the new development process contact Claudia Saez-Fromm at 212.203.1798
 claudia-signature
Claudia Saez-Fromm

An entrepreneur, innovator, and singularly successful real estate salesperson, fitness fiend, foodie, mommy, and fashion fan. www.claudiasaezfromm.com

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