Real Estate Weekly
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Residential

NEW DEVELOPMENT: Greenwich West tops out; Solow starts leasing 685 First Avenue

● SOLOW BUILDING COMPANY
Solow launches new rental

Solow Building Company has launched leasing at 685 First Avenue, the company’s luxury residential tower.
Rising 43 stories on the East River, the black glass building is introducing a collection of 408 rental apartments featuring river views and located in the heart of Midtown East.
“685 First Avenue is one of our most remarkable projects to date – we have taken the signature attention to detail and design that Solow Building Company is known for and elevated it to create an unparalleled living experience,” said Sheldon Solow, Founder and CEO of The Solow Building Company, who was joined by his son, Stefan Soloviev, in the development of the tower.
“We believe these residences provide a unique opportunity in today’s market and are confident that they will appeal to a range of residents looking to make Manhattan their home.”
The building’s western facade has a second glass curtain wall that creates one-of-a-kind partially enclosed balconies.
Located on floors three through 28, the rental collection is positioned below the building’s luxury condominiums.
Rentals range from studios to three-bedroom homes and a collection of loft studios.
The homes have floor-to-ceiling glass windows, with custom-designed roller shades. Kitchens are outfitted with Bosch appliances. A custom heating system, the first of its kind, is hidden beneath the floorboards.
The building’s triple-height lobby will be home to a three-paneled Joan Miró masterpiece from Sheldon Solow’s personal collection. Once hung in the National Gallery, the artwork will be installed on the back wall of the lobby.
The building has a fitness center; 70-foot indoor lap pool, sauna and steam room, resident lounge and game room, private dining and entertaining space and separate screening room.
There are also co-working areas and a children’s playroom . Resident storage, bicycle storage and on-site parking are available at additional cost.
Citi Habitats is the leasing agent for the rentals and pricing begins at $3,265 for studios to $10,840 for three-bedrooms.

● BLDG MANAGEMENT
Goldman reaches Summit

Lloyd Goldmanʼs BLDG Management has introduced the firm’s first ever ground-up residential project in New York City.
Summit New York, at 222 East 44th Street, between 2nd and 3rd Avenues, is a luxury rental standing 43 stories tall with 429 residences.
A collaboration between Handel Architects and Escobar Design by Lemay, the building is one of the few in NYC to not be parallel to the street.
Handel created a trapezoid-shaped building with unique apartment layouts in order to maximize city skyline views from every angle, making all sides of the building visible.
“We had a strong vision and commitment to this project in differentiating it from other Manhattan rental buildings,” said Goldman, president of BLDG.
The building’s entryway is a through-block circular drive court graced by a sculpture titled The Summit of Manhattan that was commissioned by Australian artist Todd Stuart.
Residences, ranging from studios to three-bedroom homes, feature floor-to-ceiling windows, custom wide plank oak flooring and kitchens with Scavolini custom Italian cabinetry finished with Quartz countertops.
Matthew Villetto, Senior Vice President of Douglas Elliman Development Marketing is leading marketing of the homes.
As well as a package of amenities, Summit residents will also have access to luxury services, with LIVunLtd handling programming and concierge service.
Ligne Roset, the French furniture brand, designed the model homes located on the 33rd floor, and additionally will offer residents exclusive design packages.
Pricing starts in the mid $3,000s.

● STRATEGIC CAPITAL
Greenwich West tops out

Strategic Capital, Cape Advisors, and Forum Absolute Capital Partners have topped out Greenwich West, their new luxury condo in West Soho.
The 30-story building broke ground in July 2018 and launched sales of its 170 residences last fall, with closings slated to begin in early 2020.
As one of the tallest buildings in the area, the condo offers panoramas of the Hudson River, New York Harbor, the Statue of Liberty and the New York City skyline.
Designed by a team of Paris- and New York-based architects, Greenwich West is located at 110 Charlton Street in the Hudson Square neighborhood.
Phillip Gesue, chief officer of development at Strategic Capital, said, “Plaza Construction has done an incredible job of bringing our team of Parisian designers’ vision to life and the building’s rapid progress is a direct result of their hard work and dedication.”
Corcoran Sunshine Marketing Group is the exclusive sales and marketing firm and pricing ranges from $1,190,000 to $7,750,000.

● LEND LEASE / VICTOR GROUP
Model debut at 277 Fifth

Corcoran Sunshine Marketing Group has debuted a new model apartment at 277 Fifth Avenue.
Developed by Victor Group and Lendlease and designed by architect Rafael Viñoly 277 Fifth Avenue 77 Fifth Avenue features 130 one- to four-bedroom homes with column-free layouts, wide plank American white oak flooring and custom door hardware throughout.
Contemporary kitchens have fully-integrated Miele appliances, Calacatta Saccheli polished marble slab countertops and island countertop with waterfall edges.
Two levels of curated amenities include a Lobby Library, entertaining suite, private dining room, Kids’ Club, games lounge, fitness club, spa and furnished Fifth Avenue Terrace.
There is also private storage/bike storage, a pet priority program, dry cleaning and vehicle concierge, as well as full-time concierge.
There are 37 units in contract with an average price of $3.567 million.

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