Real Estate Weekly
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NEW DEVELOPMENT: Chelsea rental’s big return, Great Jones Street plan OK’d

222-224 W. 21st St.

● Slate Property Group
Chelsea rentalʼs big return

Nearly 18-months after buying the building, Slate Property has re-introduced a new and improved Chelsea building to the market.

The developer has tapped BOND New York to lease the fully renovated 27-unit 222-224 West 21st Street.
The two adjacent five-story buildings have been fully updated with state-of-the-art improvements that include new hardwood floors, stainless steel appliances, modern cabinetry and large windows that open onto Empire State Building and skyline views.

Improvements have also been made to the common areas and the buildings’ historic 1920s facade has been restored.

Rents range from $4,000 to $8,500 per month.
Great Jones Street plan OK’d

The Blumenfeld Development Group (BDG) has received final approval and will begin the redevelopment of 41 Great Jones Street in the Noho Historic District.

41 Great Jones St.
41 Great Jones St.

The project entails the conversion of the 12,000 s/f, five-story masonry and cast iron building, into three luxury condominium units (two duplexes and one triplex).

During construction, an additional floor will be added with a rooftop terrace for outdoor lounging and entertaining.

In addition, BDG will restore and preserve historic aspects of the building, including the decorative cornice and stabilizing the façade.

“We appreciate the opportunity to demonstrate the benefits that our project will bring by restoring the building,” said David Blumenfeld, president, BDG Construction Corp.

“We would like to thank the local officials for their support and look forward to starting construction and preserving another example of architecture that makes this district so special.ˮ

Construction is scheduled to begin November 1, 2015.

Work starts on Foxgate Phase II

The second phase of construction is underway at Foxgate at Islip.

During this phase, Foxgate is adding 46 two-bedroom residences to the 40 luxury condominium units constructed and sold during phase I.

Foxgate at Islip

Foxgate at Islip is a 184-unit, luxury condominium community located on Eastview Drive and Lowell Avenue in the hamlet of Central Islip.

Situated on property formerly owned by New York Institute of Technology, the community encompasses nearly 25 acres of professionally landscaped grounds, located two miles south of the Long Island Expressway, a quarter-mile from the Southern State Parkway, and a short distance to the Long Island Rail Road’s Central Islip Station.

The newest condominiums, which range in price from $270,000 to $290,000, come with full-sized appliances, including a natural gas range, refrigerator, microwave, and a washer and dryer.

Each unit is equipped with high-efficiency central air conditioning and clean-burning natural-gas forced-air heating. Upper units include balconies with panoramic views.

Upon completion, on-site amenities will include a private clubhouse, fully-equipped gym, multi-purpose lounge, heated outdoor in-ground pool, spacious patios, and scenic walking paths.

● Toll Brothers City Living
1100 Maxwell Place nears sellout

Toll Brothers City Living announced that 1100 Maxwell Place in Hoboken, New Jersey, has reached the 90 percent sold milestone.

The 12-story building is part of the Maxwell Place waterfront community which mixes luxury residences, five-star amenities, on-site retail and Manhattan skyline views.

Maxwell Place
Maxwell Place

SLCE Architects designed the building and Stephen Alton designed the interiors.

“Buyers are drawn to the building because of its amazing waterfront location, the stellar views of New York and the top-notch amenities such as the outdoor pool and landscaped roof deck,” said Henry Waller, vice president for Toll Brothers City Living.

“Living in such a thriving part of Hoboken with the convenience of Manhattan just a few minutes away makes the Maxwell Place community very popular. We don’t expect the remaining residences to last long.”
Available homes include select studios and one to three bedroom homes.

Toll Brothers City Living is handling the sales and marketing. Maxwell Place is being developed by PT Maxwell LLC in a joint venture with The Pinnacle Companies. Prices begin at $604,995 and go through $2.3 million.

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