Real Estate Weekly
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Construction & Design Residential

NEW DEVELOPMENT: Naftali; Sherwood

●NAFTALI GROUP
Naftali debuts Gramercy boutique

234 East 23rd Street, developed by The Naftali Group, made its debut to the marketplace last week.

234 East 23rd_HERO_Developer_Naftali Group_Credit_Vela Architecture (1)
The 20-story new construction tower will house 57 luxury condos and “boutique hotel-inspiredˮ amenities and lounge spaces.
It will have a double height lobby designed by Rottet Studio, in their first partnership with a residential real estate developer.
Architect Goldstein Hill & West design the brick and metal structure with floor-to-ceiling casement windows.
“We made a conscious design decision to move away from glassy buildings and more toward classic, authentic architecture The result is a building that has strength and substance and yet has beautiful architecture that accentuates the light on its façade and in the residences,” said Miki Naftali, founder and CEO of the Naftali Group.
“We are proud that this building not only has a great location, but also a very unique and elegant design.”
The apartments are one- to three-bedrooms, many with private terraces, including large outdoor spaces at the full-floor penthouse.
Alexa Lambert, executive vice president of Stribling Marketing Associates, the exclusive sales and marketing agent, said, “This building is all about the details and exquisite finishes, and the sum of its parts equals a very sophisticated living space that we are predicting will be very popular with both seasoned and first-time buyers.”
Outdoor spaces and a second floor garden terrace are complemented by a roof terrace while inside there is a resident’s lounge and library with a billiards table and fitness center.
234 East 23rd has a doorman, concierge service through Abigail Michaels, individual private storage units and bicycle storage.
Prices range from $885,000 to over $6 million for a four-bedroom penthouse. Occupancy is available in the third quarter of 2015.

● APTSANDLOFTS
Cosy corner easing condo crunch

aptsandlofts.com announced that sales will launch mid-July for 260N9, a new seven-story, 20-unit condo in Williamsburg.
260N9 will be sold and marketed by aptsandlofts.com. “260N9 will attract a market searching for a more intimate building compared to the living experience some of the larger towers on the Williamsburg waterfront offer,” said David Maundrell, founder and president of aptsandlofts.com. june18260N
“Considering the incredible demand today for the Brooklyn lifestyle, combined with a condominium inventory crunch we’ve never before seen in North Brooklyn, we expect 260N9 to draw unprecedented interest.”
The property includes a mix of one-, two-, and three-bedroom homes with modern interiors designed by Tatyana Gartner of Tatyana Design and architecture by Alexander Zhitnik of Z Architecture.
Building amenities include a common roof deck, a state-of-the art gym, as well as individual parking spaces for sale.

●MEADOW PARTNERS
Staten Island ready for Accolade

Meadow Partners has launched sales at The Accolade on Staten Island’s St. George waterfront, signaling the public’s first opportunity to benefit from several major development projects that will transform the borough’s north shore waterfront with new shops, restaurants, recreation, hospitality and housing.
Located within the Bay Street Landing waterfront community within walking distance of the Staten Island Ferry terminal, The Accolade is a new collection of 100 luxury condos.
Nearly 30 per cent of the homes have already been sold, including a three-bedroom with a private terrace that went for over $1 million.The Accolade Exterior (1)
The Marketing Directors is the marketing and sales agent for The Accolade, which offer studios, one-, two- and three-bedroom homes priced from $310,000, with occupancy slated for summer, 2014.
The ten-story building has private amenities, views of New York Harbor, Manhattan skyline and Verrazano-Narrows Bridge; and a St. George location that’s both convenient to Manhattan and burgeoning with new investment and development, including the planned NY Wheel, Empire Outlets and Lighthouse Point.
The launch of sales comes on the heels of Meadow Partners’ sell-out of The Pointe, the 57-home condominium building also located in St. George.
“The Pointe established a market for luxury condominium living on Staten Island’s north shore waterfront, and its success provided further support of the wide-spread attention and large-scale public and private investment underway in this waterfront district,” said Jacqueline Urgo, president of The Marketing Directors.
“Riding that momentum and mounting confidence in the growth of St. George, The Accolade comes to market with a new level of luxury that’s unprecedented in Staten Island and on par with upscale offerings in Manhattan and Brooklyn.
“What’s more, it provides buyers with a ground-floor opportunity to move into an emerging new neighborhood with significant upside.”

● CHETRIT GROUP
Leasing launcg in LIC

The Marketing Directors has been retained by The Chetrit Group as the exclusive marketing and sales agents for its newest luxury residential development at 51 Chambers Street.
The firm will be advising Chetrit on a number of different elements to launch the building when it comes to market in Fall 2014.
“The Marketing Directors have an unrivaled reputation and we knew that we wanted to work with them on 51 Chambers Street right from the property’s initial planning stages,” said Abe Gdanski of The Chetrit Group. “We are excited to have the firm on board and are looking forward to seeing their creative strategies in action.”
The 14-story Beaux-Arts building will offer a mix of one- to four-bedrooms with top-of-the-line finishes.

●SHERWOOD EQUITIES
Sherwood tops out High Line condo

Sherwood Equities has topped out its new condominium development, 500 West 21st Street, adjacent to the High Line in West Chelsea. The concrete superstructure was completed last week and exterior wall sections will be erected shortly.
Sales started three months ago, and activity has been, according to Sherwood president Jeffrey Katz.540West_Exterior-FINAL (1)
500 West 21st Street will offer 32 one-to-four-bedroom residences set within a garden landscape with 40-foot-high trees and mature foliage.
The residences will look out upon the High Line, as well as the two-century-old neo-Gothic General Theological Seminary nearby.
The design includes “industrial” features typical of residences built in Paris and London in the early 20th century, according to architect Paul Katz, of Kohn Pedersen Fox Associates (KPF).
The gardens are being created by TriBeCa-based Rees Roberts + Partners LLC.
Mark Zeff, president of his eponymous interior design firm, designed the building’s interior features, which drew inspiration from the structure’s exterior and industrial motif.
“500 West 21st Street presents an opportunity to own much more than a remarkable living space,” said Katz. “It encompasses the proximity to the High Line, the excitement of one of Manhattan’s most vibrant communities, and the unobstructed views of iconic landmarks, all of which place these new residences among the most desirable that New York City has to offer.”
The residences are slated for completion in Spring 2015.

●O’CONNOR CAPITAL PARTNERS
Penthouse collection unveiled
Manhattan House, the landmarked luxury residential building on the Upper East Side, has launched a Penthouse Collection designed by Vicente Wolf.
The one-of-a-kind penthouses have new layouts, custom detailing and finishes by the internationally-renowned designer, who was named to Architectural Digest’s AD 100 list.
Having already lent his aesthetic to the restoration and redesign of the Manhattan House lobby, Vicente Wolf’s Penthouse Collection has been created by combining former residences as part of the extensive renovation of the building.
The 21st floor homes have private wrap-around terraces; living rooms and most master bedrooms boast have wood-burning fireplaces, chiseled marbled accent walls in the bathrooms and Vicente Wolf signature door and trim details. ManhouseE Tower_Dining Room_02
“I approached each penthouse in Manhattan House as I would an individual home design project,” said Wolf. “Each residence features bespoke elements and finishes unique to the specific space. These details and nuances have been thoughtfully implemented in order to enhance the livability of these luxurious, open spaces.”
Originally built 1950, Manhattan House has been re-engineered by O’Connor Capital Partners. Corcoran Sunshine Marketing Group handles Sales and Marketing for the development.
Tricia Hayes Cole, executive managing director of Corcoran Sunshine Marketing Group, said, “We anticipate strong demand for our Penthouse Collection as the building continues to experience tremendous sales success.”
The two- to four-bedroom penthouse residences are priced from $4.6 million to $12.5 million.

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