Real Estate Weekly
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New Development: Glimpse of sky-high cigar lounge

Extell Development
Glimpse of sky-high cigar lounge

Central Park Tower, the tallest residential building in the world at 1,550 feet, has annouced some details about what will be the world’s highest private club in a residential building. Developer Extell Development Compan is putting the club on Central Park Tower’s 100th Floor. Located over 1,000 in the air, the Central Park Club will feature 50,000 s/f of entertainment and service space across three floors. The 100th floor spans over 8,300 s/f and includes a private ballroom, dining room, bar, full-service kitchen, and wine and cigar lounges, all with skyline views.   

Interiors of the 100th floor were designed by Rottet Studio, who also designed the building’s residential interiors.   

Additional amenities at Central Park Tower, located on the 14th and 16th floors, will include an outdoor terrace with swimming pool and cabanas, private screening room, residents’ lounge, children’s playground, a full floor of health, wellness, and spa amenities with fitness equipment.  

Extell stated last September that first closings were slated for 2020 with available units starting at $6.9 million.

● Central Construction Management
LES condos fully sold

A new development condominium on the Lower East Side, 265 East Houston Street, is fully sold and closed.

The owner is Central Construction Management’s Michael DiFonzo, and Tom Postilio, Mickey Conlon and Rebecca Orbach of Douglas Elliman are the exclusive listing agents. 

There are a total of seven two-bedroom, two-bathroom units in the building, all of which are full-floor, with private access via a keyed elevator. Each unit comes with private outdoor space and  floor-to-ceiling windows. There is a virtual doorman for the building, as well as a package room with cold storage and a common roof deck.

The open chef’s kitchen is appointed with appliances by Miele, Carrara marble countertops and custom millwork.

The master bedrooms offers a private balcony walk-in closet and en-suite marble bathroom with double vanity, bespoke recessed medicine cabinet and a marble-clad Kohler tub with locally sourced hardware by Watermark Designs. Secondary baths are finished with glossy white Nemo tile and Restoration Hardware cabinetry. Each residence includes an in-unit washer/dryer. Apartments ranged in price from $1.9 million to $3.1 million.

JMF Properties
NJ rental development half leased

The first phase of Quin Sleepy Hollow, the latest rental community by JMF Properties in the transit village of Plainfield, New Jersey, has surpassed its 50 percent leased benchmark since grand opening earlier this fall, the developer has announced. 

The project, located at 1400 South Avenue, between two train stations on NJ TRANSIT’s Raritan Valley line, Quin Sleepy Hollow offers brand-new one and two bedroom residences.

Homes are designed with floor-to-ceiling windows, two-toned European cabinetry, nine-foot ceilings, plank flooring central heating and air conditioning, and a front-loading washer/dryer combo.

Amenities include a resident lounge with billiards, library, a theater/screening room, business center, fitness center, meditation room, yoga and spin room with virtual fitness training, package concierge lockers and car charging stations. Outside, there’s an outdoor lounge with double-sided fireplace, courtyard seating area, barbecue grills, and a bicycle library. The pet-friendly community will also feature a bark park.

In addition, a newly-constructed park just next to the community on South Avenue will be home to future cultural events, local artist performances, and outdoor concerts.  

Den options, private garage parking, additional resident storage and private outdoor space are also available.

One-bedroom apartments start at $1,820 and two-bedrooms start at $2,310, with prices subject to change.

● Ironstate development Company, KRE Group
Jersey City rental now a LEED building

235 Grand, the new 46-story rental building in Downtown Jersey City, has earned LEED certification from the U.S. Green Building Council (USGBC), co-developers Ironstate Development Company and KRE Group have announced.

The honor comes seven months after the collection of 549 residences opened to the public. More than 80 percent of the homes have already been leased, with The Marketing Directors overseeing the leasing program.

“Our company has embraced LEED development with an ongoing commitment to sustainable design and construction,” said Jonathan Kushner, president of KRE Group. “More and more residents today are connecting with residential options that reflect their eco-friendly lifestyle without sacrificing the modern amenites and services they expect in a luxury building. 235 Grand is living up to those high expectations.”
Amenities includes a 24-hour attended lobby, fitness center, barre/yoga studio, resident lounge and numerous co-working spaces. The building also features a landscaped roof terrace with a swimming pool, movie screen, fire pit, BBQs, showers and Wi-Fi.  A playground will keep younger residents entertained, while a dog run creates a pet-friendly environment. The building also offers bicycle and private resident storage and an enclosed parking garage.

Monthly net rents currently start at $2,535 for studios, from $2,750 for one-bedroom residences and from $4,265 for two-bedroom homes, with limited time incentives.

● Delancey Street Associates
Rendering released for One Essex

The developers of One Essex Crossing, the second condominium building and seventh overall building at the Essex Crossing project on the Lower East Side has just launched its teaser website and released its first official rendering.

One Essex Crossing at 202 Broome Street has been designed by CetraRuddy Architecture. Developers are Delancey Street Associates, a joint venture of L&M Development Partners, Taconic Investment Partners, BFC Partners, The Prusik Group and Goldman Sachs Urban Investment Group.
There are 83 units, including studios, one-bedrooms, two-bedrooms, three-bedrooms and penthouses. Approximately 30 percent of the units offer private outdoor space.

One Essex Crossing’s private amenities include a substantial outdoor offering, a fitness center, a playroom, and a glass-enclosed residents’ lounge.

Sales are expected to begin in spring, 2020 and occupancy to start in early 2021.

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