Real Estate Weekly
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Construction & DesignResidential

NEW DEVELOPMENT: Bounty of buildings in Hell’s Kitchen; Work starts on Byrant Park tower


Inkwell promises to be class act

Gotham Organization announced its newest residential project, Inkwell – a schoolhouse-to-condominium conversion at 520 West 45th Street in Hell’s Kitchen.
The 5-story, pre-war brick building features a collection of 18 residences and is the first New York City condominium project designed by AvroKO.
Sales are expected to launch in late summer and will be managed exclusively by Brown Harris Stevens Development Marketing along with agent Lisa Lippman.
David L. Picket, president of Gotham Organization, said, “With the completion of our recent project, Gotham West, we have a clear understanding of the neighborhood and marketplace and expect Inkwell to set the standard for high-design and an unparalleled living experience.”
Housed in the former PS51 elementary school, the Inkwell apartments have custom door frames and transoms with brass knobs and full-height library ladders on rails that operate along slides to reach ceiling-height custom cabinetry.
Blackboards are present in the kitchen and powder room and AvroKO-designed custom lighting and furniture include residents’ mailboxes in the lobby, a custom caged light-fixture in the gym, entry closets in each apartment with extra storage compartments, and light fixtures in the kitchens and bathrooms.
Inkwell consists of 16 two-bedroom residences with prices anticipated to start at $1.78 million.
There are also two three-bedroom residences with private gardens expected to start at $2.75 million.
The project is slated for completion in the fall of 2016.



New rental that makes scents

Development partners Patrinely Group and DHA Capital announced that leasing has begun at 535W43, a new boutique tower in Hell’s Kitchen at 535 West 43rd Street.
Designed by CetraRuddy, the property is comprised of two, 14-story towers, each with a landscaped rooftop, joined by a central, multi-level courtyard all designed by award-winning architectural landscape firm HMWhite.
The project is owned by Crimson Real Estate Fund, LP and its co-investment partner USAA Real Estate Company.
535W43 features an industrial-inspired exterior and houses 280 residences that range in size from studios to two-bedroom homes.
Douglas Elliman Development Marketing is the exclusive marketing and leasing agent for the project.
Amenities include two landscaped, rooftop terraces, two garden courtyards, 24-hour doorman, fitness center and yoga space, pet spa, a demonstration kitchen with space for private parties, a sound-proofed screening room, a game room, a club lounge and a children’s play room.
Residents also have access to exclusive valet service, private storage units and two, street-level bicycle storage rooms with electric air pumps.
535W43 also features a uniquely-tailored signature scent and sound.
The interior scents will be designed to reflect the building’s personality and atmosphere.
Fully-customized audio playlists will be designed to align with the scent play in different spaces at specific times of the day.

Work starts on Bryant Park tower


Construction has begun on 1050 Sixth Avenue, a 24-story, 300-foot-tall residential tower designed by Gene Kaufman Architect.
The 63,000 s/f building is a project of Garden Homes Development, the New York division of New Jersey-based Skyline Developers.
The building will have 61 apartments, with two studios and two one-bedrooms on Floors 3-12, a pair of two-bedrooms on Floors 13-21, and a single two-bedroom apartment on Floors 22-24.
Apartments on the 19th floor and above will have balconies overlooking Bryant Park.
The building will have a fitness center; a second-floor bar/lounge with an outdoor terrace, both for tenants’ use; rooftop space; and a large basement storage area with space for bicycles. The ground floor will have 2,700 square feet of retail space.
Gene Kaufman Architect is also designing the building’s interiors.
The lobby will have elements that pay homage to the surrounding neighborhood, including the lions that greet visitors at the main branch of the New York Public Library on nearby Fifth Avenue.
The apartments’ living/dining spaces will have a Scandinavian Modern feel; the kitchens will sport a modern aesthetic; and the bathrooms will be sheathed in marble.
WSP | Parsons Brinckerhoff Engineering Services, Ettinger Engineering Associates and AECOM are the structural, mechanical and environmental consultants working on the project.

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