● Fisher Brothers / Witkoff
Sales launch at 111 Murray
Development partners Fisher Brothers, Witkoff and New Valley announced that 111 Murray Street has launched sales.
With demolition of the former St. John’s University structure complete, groundbreaking for the 58-story structure is expected this month.
Douglas Elliman Development Marketing is overseeing sales and marketing, with director of sales Emily Sertic leading the team of top brokers Raphael De Niro, Darren Sukenik and Peter Zaitzeff.
Conceived in collaboration with four acclaimed design talents, Kohn Pedersen Foxʼs 111 Murray Street will house 157 residences designed by David Mann of MR Architecture + Décor with amenity spaces and lobby by David Rockwell of Rockwell Group.
Edmund Hollander is creating the exterior landscape designs including a 10,000 s/f landscaped plaza.
Situated on the northeast corner of Murray and West Streets on a 31,000 s/f site, 111 Murray Street will have 157 apartments from one-bedrooms to full-floor penthouses priced between $2 million and over $17.5 million.
Pricing for the two full-floor penthouses has not yet been released.
The building will have a 24/7 concierge by Abigail Michaels. Adjacent to the lobby, a free-flowing series of social spaces offer residents places to relax and entertain within, including a patisserie, lounge and veranda, private dining room and garden, with a 15-foot tall water sculpture.
● A&E Real Estate Holdings
New look for grand dame
Leasing is underway at 245 East 80th Street, a recently renovated rental building on the Upper East Side.
Built in 1959, the 12-story building was originally designed by Architect William I. Hohauser. A&E Real Estate Holdings tapped architect and interior design firm Kinlin Rutherford to redesign the property.
The red brick building is comprised of 110 residences, the majority of which were redesigned to a mix of studio, one-, two- and three-bedroom apartments that range in size from 450 to 1,600 s/f. Monthly rents begin at $2,580 and go up to $9,740.
Occupancy within the building is immediate.
“There are still pockets in the Upper East Side that offer tremendous real estate value, like at 245 East 80th Street,” said David Maundrell, founder and president of aptsandlofts.com.
“The layouts are much larger than typical Manhattan rentals, and the interior design concept offers a stylish and unique high-end living environment. Renters expect more today, which is why we anticipate the market to gravitate towards this elevated living experience.”
In addition to the apartment interiors, the common areas have been renovated and parts of the exterior upgraded, including a new entrance canopy.
Amenity offerings to include a garden terrace, a fitness center and a multipurpose room. There is also a 24/7 doorman and on-site superintendent.
● Centurion/Five Mile Capital
Record pricing at River & Warren
Centurion Real Estate Partners and Five Mile Capital Partners, developers of the condominium residences at River & Warren in Battery Park City, announced that the project is 85 percent sold.
Since launching in December, 145 units have sold, achieving the highest average price per square foot in the history of Battery Park City.
Corcoran Sunshine Marketing Group is the exclusive sales and marketing agent for the project.
Designed by CetraRuddy, River & Warren at 212 Warren Street in Battery Park City features 169 two, three, four, and five-bedroom residences with views of the Hudson River, Rockefeller and Teardrop Parks, and the Midtown skyline.
“We are thrilled with the sales momentum at River & Warren and continue to see strong demand for a luxury residential product of this quality and detail in the neighborhood,” said John Tashjian, principal at Centurion Real Estate Partners.
CetraRuddy has reimagined all of the residences at River & Warren to provide open layouts with custom-crafted kitchens and baths.
The residences are complemented by a full suite of modern amenities, including a full time doorman and concierge, fitness center, playroom, roof terrace with sundeck promenade, and private storage.
The development team also introduced the Tower Residence Collection, a limited selection of high-floor two- to five-bedrooms priced from $2.425M and 3-5 bedroom waterfront residences from $4.5M.
● Fortis Property / Wonder works
Home straight in Hell’s Kitchen
540West in Hell’s Kitchen has begun closings, according to Halstead Property Development Marketing.
Located on a block thru site between 10th and 11th Avenues, 540West currently is 95 percent sold.
Remaining residences include one to two bedroom penthouses priced from $1,175,000 – $3,575,000. The spectacular penthouses feature private roof terraces.
Fortis Property Group and Wonder Works Construction Corp. are the developers of the project, which is comprised of two interconnected seven-story buildings – a North and South Tower – with apartments ranging in size from 501 to 1,625 square feet.
The towers were designed by S9, an affiliate of Perkins Eastman Architects PC. Building amenities include a 24-hour doorman; fitness center; lobby lounge with a fireplace; two landscaped roof decks; bike storage; individual storage units; a pet spa; and a 6,000 s/f central courtyard with a reflecting pool, outdoor lounge and movie viewing areas.
● Slate / Adam America
DUMBO homes a hot commodity
Slate Property Group and Adam America Real Estate, co-developers of 51 Jay Street in DUMBO, dannounce that they have reached more than 50 percent sold at the development in less than five months.
“51 Jay Street’s success reflects how much this neighborhood commanded a new, luxury development that is authentic to DUMBO. Our product has been beyond well-received among local buyers from the borough and from Lower Manhattan, as well as international buyers, and we’re on track to hit 60 percent sold in the next few weeks,” said Martin Nussbaum, principal and co-founder of Slate.
Designed by ODA Architecture (ODA), and with sales exclusively being led by Halstead Property Development Marketing, 51 Jay St will have 74 homes set in a converted DUMBO warehouse with double-height ceilings.
Residences available, which range from studio, one-, three and four-bedrooms, are lit by oversized casement windows and feature wire-brushed oak flooring, dark stained entry doors with dark metal levers and windows with high performance, energy efficient glass. Pricing begins at $2 million.
51 Jay St offers a penthouse collection, each with a multilevel private terrace. Penthouses are priced from $3.6 million to $5.99 million.