Real Estate Weekly
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Residential

NEW DEVELOPMENT: 100 Franklin braces for market; Kushner starts JC cloudbuster

● DDG
New building in historic district

DDG is gearing up to launch sales at 100 Franklin Street, an architecturally distinct project best known for  installations by street artist JR.
Comprised of two newly-constructed triangular buildings joined together, 100 Franklin (pictured top) 04features 10 homes with open floor-through layouts.
The development will feature a hand-laid brick facade comprised of handmade bricks by Denmark’s Petersen Tegl. Homes, which feature feature direct elevator entry, include two duplex penthouses with rooftop terraces.
DDG has commissioned Paris-based artist and designer Charlotte Taylor to create new pieces that will be permanently installed within 100 Franklin Street, as well as new artworks that will be  featured on the website and in marketing materials.
Sales are slated to launch in February and pricing for residences starts at approximately $3.3 million.
Douglas Elliman Development Marketing has been named the exclusive sales and marketing agent for 100 Franklin, and sales are being led by Michael Lorber, along with Alexander Boriskin and Eleonora Srugo.

● KUSHNER REAL ESTATE
Jersey City giant starts construction

Vertical construction on the tallest of three luxury high-rise buildings in Jersey City’s Journal Squared project is underway.
The developer, Kushner Real Estate Group, tapped the New York-based firm Hollwich Kushner for the architectural design, with Handel Architects as the architect of record. Melillo + Bauer Associates is providing landscape architecture services for the ground level and rooftop areas.
Dresdner Robin is providing engineering, environmental and design services on the tower, which will stand at 71 stories, offer 18,000 s/f of retail space and boast a gross square footage of about 1,000,000 s/f. Altogether, Journal Squared is the largest development in the district in decades.
The new tower, the second in a three-tower complex at 615 Pavonia Avenue, will feature 704 residential units. Upon completion, it will be one of the tallest buildings in Jersey City.
The first building topped out in 2015 at 53 stories. The third tower, to be constructed following the project’s second phase, will stand at 63 stories.

● RMS COMPANIES
Yonkers gets waterfront views

Connecticut-based RMS Companies launches its first development in North Yonkers that offers floor to ceiling views of the Palisades and a suite of amenities.
Stratus on Hudson, a 74-unit luxury rental high rise is located at 1077 Warburton Avenue in North Yonkers. Rentals start at $2,500 for one-bedroom apartments and increase to $4,850 for premium two-bedroom, corner units offering panoramic views.
Each resident will be surrounded by views of the Hudson River. Amenities include a resident’s lounge with an entertainment kitchen, cappuccino-bar and fireplace, a hi-tech fitness center with a private fitness-on-demand studio, a doggy spa, secured garage and a rooftop deck with outdoor TVs, a gas grill and glass railing overlooking the Hudson River and the New York City.
The residential design features nine-foot ceilings, kitchens with white and grey marbled quartz countertops and stainless-steel high-end appliances. Bedrooms offer bathrooms with LED backlit mirrors, glass enclosed showers along with walk-in closets with built-in cabinetry. Balconies are available in some apartments and residents will enjoy a state-of-the-art package management system for convenience and 24-hour emergency maintenance service. Residents will take occupancy in February 2019.

● THE DATEN GROUP
Sales launched at Brooklyn lux tower

Sales are underway at 856 Washington Avenue, a 14-story condominium with 26 units in Brooklyn’s Prospect Heights.
“856 Washington Avenue is the first condominium of this caliber to be developed in Prospect Heights,” said Douglas Elliman’s Gregory Williamson, whose team is handling the exclusive marketing and sales for the building that stands strategically at the crest of a hill. “In addition to the beautiful residences and state of the art amenities, 856 boasts views of Prospect Park and Manhattan like never seen before. “
The developer is The Daten Group, along with its partner Valyrian Capital and the architect is Kutnicki Bernstein, with interior designer Stephanie Goto Design.
856 Washington includes a third floor courtyard and roof deck with views of Grand Army Plaza and Prospect Park. There is also a curated book selection in the building’s “Library Salon.” Other building amenities include: state-of-the-art fitness center, yoga room, bicycle parking and residents’ lounge with adjacent children’s play area and in the lobby,
The building is expected to be ready for occupancy by the end of this year. Two and three bedroom units are priced from $1.495 to $2.575 million. Douglas Elliman’s Williamson Team has the exclusive listing.

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