Real Estate Weekly
Image default
Residential

NEW DEVELOPMENT: Leasing begins at Printhouse in W’burg, TF Cornerstone celebrates LIC building

SUMAIDA + KHURANA
First glimpes of ‘master’s’ work
Sumaida + Khurana, the New York-based luxury residential development firm, has released the first renderings of 152 Elizabeth Street, the luxury condominium building in Manhattan designed by Japanese master architect, Tadao Ando.
152 Elizabeth Street is Ando’s first building in New York City.

152 Elizabeth Street
152 Elizabeth Street

Located at the corner of Kenmare and Elizabeth Street in Nolita, the 32,000 s/f building will rise seven stories and include a rooftop terrace. It will have eight “highly individualized, ultra luxury residences with bespoke interiors.ˮ Each residence will have two-to-five bedrooms and will range between 1,900 to over 5,000 s/f.
AIA award-winning architects, Michael Gabellini and Kimberly Sheppard, of Gabellini Sheppard Associates, will design the interiors of the project and serve as the Architect of Record.
Construction is expected to begin in the coming months and the building will be completed in 2016. Sales are expected to launch early 2015.
Ando is the only architect to have won all four major international architecture prizes: the Pritzker Architecture Prize, the Praemium Imperiale, the Carlsberg Architecture Prize and the Kyoto Prize.
Amit Khurana, founding partner of Sumaida + Khurana, said, “Sumaida + Khurana intends to establish a new paradigm in terms of the relationship between architecture, art, craft and global luxury real estate development.
“In the coming year, we look forward to announcing new development projects with other master architects and iconic artists that will maintain our purity of vision.ˮ
● ALFA DEVELOPMENT
Sales start at new ‘green’ boutique

Alfa Development announced that sales have commenced at its new boutique development, 199 Mott.
199 Mott is a collection of custom designed residences and the fourth building in Alfa’s Green Collection of sustainable residential developments.
“199 Mott is contextually designed to evoke old New York, and is ideally located in a neighborhood rich with history,” noted Michael Namer, CEO of Alfa Development.

199 Mott Street
199 Mott Street

Namer and Kutnicki Bernstein Architects (KBA) designed the eight-story building to complement the turn-of-the-century structures in the neighborhood.
It offers 11 half-floor two-bedroom and full-full floor three-bedroom residences topped by a 3,000 s/f penthouse with three bedrooms, a library/den, and a private outdoor roof deck.
All residences feature large picture windows, are prewired for custom home automation, and most residences offer private outdoor terraces or balconies.
199 Mott will target LEED Gold Certification. Interiors feature sustainably sourced period-specific details including tall raised-panel doors, wide plank oak floors, and custom moldings.
“199 Mott is truly a new addition to old New York, and we are excited to introduce such an exclusive condominium to the market,” said Meris and Kenny Blumstein of the Corcoran Group, exclusive marketing and sales firm for 199 Mott.
Pricing at 199 Mott begins at $2.6 million.
●JSR CAPITAL
Units flying off inventory at the Robyn

Miron Properties, has leased 29 of 33 units at 316 East 3rd Street just a month after taking over leasing at the JSR Capital building called The Robyn.
The modern, new construction rental development built by Wonder Works Construction is an eight-story building designed by architect Karl Fischer .

The Robyn
The Robyn

It has studios, one bedrooms and four two bedroom duplex penthouses with private outdoor terraces.
Prices range $2,100 and up for studios to $3,375, and up for the duplex penthouses.
“The area is gentrifying and with all that is going on with the neighborhood, we are very excited to bring this on as a new addition,” said developer David Amirian.
● TF CORNERSTONE
Developer celebrating another LIC hit

TF Cornerstone’s sixth and final building on the Long Island City (LIC) waterfront, 4610 Center Boulevard, is now more than 50 percent leased.
The building — which curves around LIC’s famous Pepsi-Cola sign and contains a mix of studios, one-, two-, and three-bedroom apartments designed by international award-winning architecture firm Arquitectonia — has reached this milestone within two months of opening its doors in May 2014.
“Since TF Cornerstone began leasing apartments along the LIC waterfront ten years ago, we’ve been fortunate to have each building fill up at an incredible pace,” said Sofia Estevez, executive vice president of TF Cornerstone, Inc.
“4610 Center Boulevard is no different. We’re finding that families and young professionals are attracted not only to the residences, but also to the surrounding neighborhood. This sense of community is what makes many of our residents choose to stay in LIC for many years.”
The building’s interior amenity spaces were designed by design firm Yabu Pushelberg. Each apartment feature stainless steel appliances, glossy white cabinets, custom closets, wood strip floors, and floor-to-ceiling windows, many with sweeping views of the Manhattan skyline.
Residents also enjoy a spacious lobby with a WiFi lounge, a private garden, and 24-hour concierge. A modern fitness center is located on the seventh floor, and on the eighth floor, a resident club opens on to a landscaped terrace with beautiful views.

●GREYSTONE
Leasing set to start at Printhouse

Greystone, a New York-based real estate development and financial group, announced that 139 North 10th Street officially launched as Printhouse Lofts,is coming to market in the next several weeks.
Situated between Berry Street and Bedford Avenue in Williamsburg, the 1900’s industrial-style warehouse has been turned into a 36-unit luxury rental apartment building.
Aptsandlofts.com is the exclusive sales and marketing team for Printhouse Lofts.
“Williamsburg is undergoing one of the most exciting real estate transformations in all of New York City. This was the ideal neighborhood to develop a luxury rental building that not only offers views and amenities, but also cutting-edge design in a prime location,ˮ said Jeffrey Simpson, head of property development at Greystone.
“We were deliberate in keeping the building’s industrial aesthetic, while also adding modern touches that make people feel at home.ˮ
The apartment mix within the pet-friendly elevator building consists of 28 one-bedrooms, six two-bedrooms and two three-bedrooms.
Two of the ground floor apartments has 50-foot-long glass solariums. The units feature stainless steel appliances, farmhouse sinks and natural stone countertops.
The interiors are designed by Funda Durukan of Durukan Design. The project architect is H.T.O Architect, PLLC.
Amenities include a virtual doorman, video intercom system, laundry machines on all floors, bike storage and 2,500 s/f of shared roof deck space.

●IDEAL PROPERTIES GROUP
Park slope rentals a hot commodity

Ideal Properties Group announced the launch of 548 Fourth, a new luxury rental building in Park Slope.
With high-efficiency systems, 548 Fourth also boasts green construction methods.
The building reaches several stories higher than its neighbors, allowing residents to enjoy panoramas of the Brooklyn and Manhattan skylines reflected off the surface of the East River and Brooklyn Harbor.
Prices for the two-bedroom, two-bathroom units start at $3,800 for the smaller units and start at $3,900 for the larger units, according to Ideal Properties Group, the exclusive marketing firm for both residential and commercial components of the building.
The apartments also fully equipped stainless steel and granite kitchens, and each features an in-unit washer and dryer.
Virtual doormen provide security at the entrance and convenience for services.

Related posts

Denholtz Properties Acquires 214-Unit, Luxury Community in Hudson County, N.J.

REW

Pacific Urban Investors Expands Southern California Portfolio with Acquisition of La ScalaStrengthening Presence in Highly Desirable San Diego Submarket

REW

KeyBank Secures $20.3 Million of Financing for Multifamily Housing Property in Anchorage, AK.

REW