Real Estate Weekly
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Residential

NEW DEVELOPMENT: 6 Courtlandt Alley; The Lara; The Leonard and more

● megalith capital / imperial development

Rendering of the new Tribeca building

Landmarks okays new Tribeca condo

Megalith Capital Management and its joint venture partner Imperial Development Group, have been granted approval from the New York City Landmarks Preservation Commission for its development of a luxury condominium building at 6 Cortlandt Alley in Tribeca.
“We are excited about the opportunity to participate in the rapid transformation of the Broadway corridor in eastern Tribeca,” said Vishal Arora of Megalith. “Eastern Tribeca has become one of the most desirable areas in lower Manhattan.”
The developer will convert one of east Tribeca’s oldest landmarked buildings into five luxury loft condominiums.
The project will combine amenities sought after by Tribeca buyers while retaining the exclusivity of a five-unit building.
“We are enthusiastic to deliver authentic three and four bedroom luxury floor-through and penthouse units that include substantial outdoor space”, said Ryan Kaplan of Imperial.
“The entrance on Cortlandt Alley will provide homeowners privacy reminiscent of a London mews or a West Village side street.”
Construction and sales are expected to commence in the spring. Marketing for the project is being handled by Stribling & Associates.

●ann / nassau realty llc
See it all at The Lara

The Lara, a new luxury building rising 30 stories at 113 Nassau Street in the Financial District, recently began leasing.
Developed by Ann/Nassau Realty, LLC, and designed by SLCE Architects, The Lara features 168 studio-, one- and two-bedroom apartments starting from the seventh floor .

The Lara rendering

The Nassau Club @ The Lara offers residents 10,000 s/f of indoor and outdoor amenity spaces.
A previous building on the site of 113 Nassau Street is where the first issue of the New York Times (then called The New York Daily Times) was published on September 18, 1851.
Triumph Property Group is handling marketing and leasing. The on-site leasing office is now open, and many apartments are already ready for occupancy.
Renters can choose from numerous floor plan configurations, many with balconies. Currently, monthly rental prices start from $2,450 for studios, $3,100 for one-bedroom apartments, and $5,900 for two-bedroom apartments.
“The Lara affords renters the finishes, luxuries and attention to detail of a new construction condo building without the burden of ownership,” said Adam Disick, CEO Triumph Property Group.
The building will have two outdoor terraces in addition to a roof deck. A fifth-floor lounge will feature a library, television and a fireplace. A coffee bar and kitchen will allow for entertaining and there will be an outdoor lounge with television screening area and pool table.
On the sixth floor, there will be a gaming/media room, fitness center, boxing studio and ballet barre. A terrace off of the fitness center will have ping pong tables.
To top it all off, the furnished roof deck will offer another lounge area with views of the World Trade Center, Brooklyn Bridge and the East River. You can take a peek through the building’s observation binoculars.

●bizzi & partners
Leonard nears home run

Bizzi & Partners Development announced that The Leonard is more than 90 percent in contract.
Contracts were signed on two of the building’s three penthouses in the past week, said to Karen Mansour, executive vice president of Douglas Elliman Development Marketing, the exclusive sales and marketing firm for the property.

Leonard

The Leonard is a circa 1904 neoclassical building that is being restored with cutting-edge design, amenities and service.
Upon completion in the summer of 2014, the 12-story boutique condominium will introduce 66 one- to three-bedroom residences ranging from 835 to 1,963 s/f, and a collection of three- and four-bedroom penthouses, two with private terraces.
The buildings interiors are by Mitchell Freedland Design and floor plans by SLCE Architects.
“We are proud to have reached another major sales milestone at The Leonard. This is an exciting project for Bizzi & Partners and it’s incredibly rewarding to see how well it has been received,” said Steven Della Salla, managing principal for Bizzi & Partners Development.

●INVESCO REAL ESTATE
INSTRATA reaches top level

Invesco Real Estate announced that INSTRATA at Mercedes House, at 550 West 54th Street, is 100 percent leased and fully occupied after debuting 10 months ago.
Consisting of 162 luxury rental apartments on the top 11 floors of the Enrique Norton designed Mercedes House, INSTRATA at Mercedes House was the first project introduced under the INSTRATA Lifestyle Residences umbrella, a new luxury lifestyle concept developed by Invesco.
“We’re thrilled to have maintained such a strong leasing velocity,” said Nancy Packes, president of Nancy Packes Signature Marketing Services, INSTRATA’s exclusive leasing team.
The New York City INSTRATA portfolio includes three other buildings: INSTRATA NoMad (10 East 29th Street), INSTRATA Gramercy (290 Third Avenue) and INSTRATA Brooklyn Heights (75 Clinton Street).
“We’re very proud of the success of INSTRATA at Mercedes House, our first endeavor with the INSTRATA brand,” said Lesley Lisser, LEED AP and a director of asset management for Invesco. “We’ve achieved our goal in creating an authentic and luxurious living experience here.”

●ideal properties group
New Park Slope rental opens
Ideal Properties Group has launched leasing at Greenwood on Fourth in South Park Slope, Brooklyn.
The new luxury rental building offers views of Brooklyn’s harbor front and Manhattan’s skyline.
Each unit has a fully equipped kitchen with Caesarstone countertops and stainless steel appliances, hardwood floors and an in-unit washer/dryer.
The building offers residents an outdoor lounge, month-to-month storage spaces, bicycle parking and a package room.
Prices range from $1,800 to $2,200 for studios and $3,000 to $3,400 for two-bedroom apartments.
“Luxury rentals in this area are increasingly becoming scarce, and we are delighted to be able to bring these units to market,” noted Aleksandra Scepanovic, managing director of Ideal Properties Group.

●hpi development llc
Condo among ‘most popular’

HPI Development, LLC and Stribling Marketing Associates announced that 255 Columbia Street is 80 percent sold.
The seven-story boutique condominium has become one of Brooklyn’s most popular new developments since hitting the market in October, 2013.
It employs Passive House design, combining comfortable living with energy efficiency and environmental friendliness.
“Buyers have responded not only to the building’s sought-after waterfront location, but also to our commitment of delivering healthy and energy efficient homes to the community,” said Ben Igoe, of HPI Development, LLC, developer of 255 Columbia.
The condominium consists of 13 residences with two homes per floor. Prices for these remaining units range from just over $975,000 to $1.475 million.
In early spring, the four-bedroom penthouse with a grand private terrace offering spectacular river and city views will be released.

●BLT
First class offering at Postmark

Leasing is underway for a new collection of townhome and apartment residences at Harbor Point, Stamford, Connecticut’s waterfront district.
Named Postmark Apartments, the towers are on the site of the original headquarters of Pitney Bowes Inc. The new buildings feature 402 rentals in adjoining nine-and 12-story towers connected by an outdoor pool and sundeck. The first tower will be Harbor Point’s first smoke-free apartment building.

The clubroom at The Postmark

Monthly rents start at $2,000 for Postmark’s one-, two-and three-bedroom homes. Residences are available to occupy immediately.
Postmark Apartments is the latest addition to Harbor Point, a 322-acre waterfront peninsula just south of the Stamford Train Station and minutes from downtown Stamford that has been transformed into a dynamic transit-oriented, mixed-use community by Building and Land Technology.

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