Real Estate Weekly
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NEW DEVELOPMENT: Equity Residential announces 170 Amsterdam completion, Greenpoint mixed-use project begins

● Equity Residential
Amsterdam arrivals

170 Amsterdam
170 Amsterdam

Equity Residential announced that 170 Amsterdam, its new 20-story rental tower on the Upper West Side, is now completed and they have begun to welcome residents into some of the building’s 236 rental units – over 25 percent of which have already been leased, and nearly 20 percent of which are occupied.

Equity celebrated the milestone, and unveiled the building’s new model residences and completed amenity spaces to the brokerage community at a recent event at the building.

170 Amsterdam,h has become known for its striking exoskeleton design by award-winning architectural firm, Handel Architects.

The exoskeleton allows for column-free interior spaces that increase the open spaces inside each home and create an airy and spacious feel.

Residents at 170 Amsterdam are welcomed by a 24-hour concierge through a lobby overlooking a private courtyard.

Amernities include a resident lounge with pool table, televisions, catering kitchen; a fitness center with yoga studio; golf simulator; children’s playroom; conference room; pet grooming room and; two sound-proof musical rehearsal rooms.

Architect starts first Greenpoint project

Architect Gene Kaufman is working on his first Greenpoint project for developer Stellar Management.
GKA is handling the entire project in-house, designing the architecture, interior design; structural, mechanical, electrical and plumbing for 211 McGuinness Boulevard.

211 McGuinness
211 McGuinness

When completed, the 210,000 s/f eight-story mixed-use building will occupy much of the block between Greenpoint Avenue and Calyer Street.

The large site and protected zoning created an unusual opportunity for both luxury and market-rate apartments.

The building will have 197 studios and one- and two-bedroom apartments, with 20 percent of them affordable.

211 McGuinness will also have 18,000 s/fof ground-floor commercial space and 175,000 s/f of common space with a selection of indoor and outdoor amenities, including a pool, deck and garden.

While 211 McGuinness is a single structure, its 350 ft. façade has been designed to suggest a typical Greenpoint streetscape, in this case, of nine modestly-sized individual buildings.

The interiors will feature vintage brick, blackened steel, and burnished concrete finishes, all softened for contemporary sensibilities through the use of reclaimed wood walls, white oak floors, and vibrantly colored fabrics in the common areas.

Said GKA principal Gene Kaufman, “By sectioning the façade, we’ve ensured that, despite its size, the building will fit the scale and historic character of the neighborhood.”

● The Stahl Organization
Brooklyn hybrid a hot property

The Stahl Organization, developers of the rental-condo Brooklyn hybrid, 388 Bridge Street, announced that 80 percent of the building’s 144 condominium residences are sold.

388 Bridge
388 Bridge

The sales team – Halstead Property Development Marketing – expects to be sold out by the fall.
Remaining condos range from $968,000 to $1.6 million, while pricing for the Penthouse Collection ranges from $1.721 million to $5.999 million. The rental portion of the building is fully leased.

“As evidenced by how quickly the leasing and sales teams have been able to attract residents to the tower, it’s evident that 388 Bridge Street has become a destination; it is the best product on the market and the leasing and sales velocity reflect that,” said Gregg Wolpert, co-president of the Stahl Organization.

The building has 8,000 s/f of combined indoor and outdoor amenity space including a viewing terrace, screening room and fitness center.

The Sky Lounge on the 46th floor — available to penthouse and condominium residence owners — provides a range of exclusive facilities and services.

● O’connor Capital Partners
Sales launch at 200 E 62nd Street

O’Connor Capital Partners has launched sales at 200 East 62nd Street. Messana O’Rorke, a Greenwich Village-based architectural teamhas “reimaginedˮ the building.

200 E 62nd
200 E 62nd

“The uniqueness of 200 East 62nd Street is that it highlights both the heritage of the Upper East Side and the energy and excitement of Midtown,” said William Q. O’Connor, president and CEO of O’Connor Capital Partners.

Originally built in 1967, 200 E 62 has been “redesigned with a refined, modern aesthetic to emphasize the graciously proportioned interiors.ˮ

The 30-story building has been converted into 115 condos ranging from one- to five-bedrooms.
There is a porte-cochere driveway attended by a 24-hour doorman and concierge.

All of the homes feature expansive floor plans, generously proportioned windows and sweeping views.
They have European seven inch oiled white oak flooring, nine-foot ceilings, solid core doors with polished chrome hardware, washer and dryer, and are pre-wired for cable, telephone, high speed internet and Verizon FiOs.

Amenities include a fitness center, playroom, and rooftop terrace.

The pet-friendly building also offers individual storage, bicycle storage, refrigerated storage, and additional laundry facility.

A parking garage is available onsite that offers direct entry to the building.
Prices start at $2,180,000, and occupancy is slated for Fall 2015.

● Jonathan Rose Companies
Construction starts on BAM building

Jonathan Rose Companies has begun construction of BCD:A (Brooklyn Cultural District Apartments), a 121,551 s/f mixed-use, mixed-income property at the corner of Lafayette Avenue and Ashland Place in the Downtown Brooklyn Cultural District.


The development team for BCD:A includes Dattner Architects, Bernheimer Architecture, and SCAPE Landscape Architects. Cultural partners for the project include The Center for Fiction and the Mark Morris Dance Group.

The $51.1 million, 11-story development includes 123 apartments of which 40 percent will be affordable.
There will be a 2,800 s/f retail space for a flagship ‘wichcraft restaurant and 21,400 s/f for cultural use.

The Center for Fiction will occupy 17,696 s/f and the Mark Morris Dance Group will have a 3,757 s/f space.

Construction financing for the project has been provided by a $28 million construction loan from Citizens Bank.

BCD:A is being built to exceed LEED Silver standards and it will have a performance insulated façade system with low-e double-glazed windows, and state of the art HVAC systems.

There will be a landscaped roof-top with an outdoor kitchen and sun deck.

Other amenities include a resident lounge, top-floor fitness center and double-height conservatory.

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