● YYY THIRD AVENUE, LLC
Leasing launches at Nathaniel
The Nathaniel, a new development in Greenwich Village, has officially launched leasing.
The nine-floor building offers 85 rental apartments ranging from studios to three-bedrooms. Douglas Elliman Development Marketing is exclusively handling the project.
Developed by YYY Third Avenue LLC, and designed by Karl Fischer with interior architects McCartan, The Nathaniel is located at 138 East 12th Street at the corner of Third Avenue.
“The response to The Nathaniel has been overwhelming, with much excitement surrounding the exterior industrial architecture and the eclectic McCartan designed interiors.” said Cliff Finn, executive vice president of Douglas Elliman Development Marketing.
“We are thrilled to bring this new property to market in one of Manhattan’s most sought after neighborhoods and look forward to the first move-ins this summer.”
Eli S. Weiss, a principal with YYY Third Avenue LLC, called the finishes and amenities at The Nathaniel “best in class.”
Modern kitchens have Calacatta porcelain backsplash, paneled dishwashers and Liebherr refrigerators and all residences have a washer and dryer.
Amenities include a 24-hour attended lobby, access to The Nathaniel Club lounge, a Sunset Deck with a reflecting pool, bicycle storage, and a private gym.
Residences are available for Sept. 1 occupancy. Studios start from $3,345.
Marketing Directors lands Chelsea gig
The Marketing Directors has been tapped by CBSK Ironstate to be the leasing and marketing consultant for its newest residential development in Manhattan, 221 West 29th Street.
A joint venture of CB Developers, Ironstate Development and SK Development, 221 West 29th Street in Chelsea is a 21-story luxury rental offering a mix of studio, one-, and two-bedroom homes.
Charles Blaichman of CBSK Ironstate, commented, “We were extremely impressed with The Marketing Directors’ work on our previous projects, and knew that they would be the perfect fit for 221 West 29th.”
“We are very proud of the relationship we have built with CBSK Ironstate and the success we have achieved together at numerous past projects,” said Jacqueline Urgo, president of The Marketing Directors.
“We are excited to have the opportunity to work on this development which will undoubtedly resonate with people looking to live close to many of the city’s most popular destinations and an easy commute around Manhattan.”
Last chance at Larstrand
Rose Associates, the exclusive leasing and managing agent at The Larstrand on West 77th Street, has reported that the 181-unit property is now leasing its final five apartments.
The remaining five homes are in one- and two- bedroom configurations with a penthouse available. Asking rents range from $5,375 for the one-bedroom to $14,000 for the two-bedroom penthouse.
Larstrand residents are now enjoying access to the rooftop amenity space. Occupying more than 5,400 s/f, the rooftop is comprised of an outdoor screening area and bar, as well as sitting areas, barbecue pits, and cabanas.
“Our leasing traffic has remained steady over the past ten months, as residents began to occupy the building’s studio, one-, two- and three-bedroom apartments,” said Chiho Machado, director of on-site leasing for Rose Associates.
“We’ve enjoyed leasing this quality property, and it is nice to see the amenity spaces come to life.”
A development of Friedland Properties, The Larstrand is close to Central Park, Upper West Side restaurants and retail.
● JMJ Contracting
Madison pair get on it
Modern Spaces is teaming up with Manhattan brokerage BLU Realty Group to market Long Island City’s newest luxury development, The Madison, at 42-77 Hunter Street.
The nine-story building, which offers a mix of one- and two-bedroom homes, is 30 percent sold after sales launched three weeks ago.
The building was developed by JMJ Contracting and interiors were designed by Autograph by Modern Spaces, the firm’s interior design division.
“Long Island City is one of the hottest neighborhoods to live in right now and The Madison is truly a stand out property in this vibrant neighborhood. This development will appeal to the discerning buyer looking for a spacious home with luxurious finishes,” said Eric Benaim, CEO and president of Modern Spaces.
“We are excited to be working with BLU Realty Group on this project and are proud of the success we have already experienced in such a short period of time.”
The Madison has a rooftop sundeck, bike storage, personal storage, garden, and exercise area. One bedroom residences start at $500,000.
First Estuary building almost full
Less than four months after Hartz Mountain welcomed its first residents to Estuary in Weehawken’s Lincoln Harbor, Phase I of the luxury residential community is more than 95 percent leased.
Phase II, which is ready for occupancy, is 30 percent rented less than three weeks after leasing began.
“Our initial interest list of potential renters had over 600 names on it, so there was a real demand for this type of luxury rental apartments in Weehawken, NJ with its proximity to Manhattan and Hoboken, unparalleled skyline views and outstanding amenities,” Emanuel Stern, president and COO for Hartz Mountain, commented on Estuary’s leasing success since its grand opening in February 2014.
“And with Phase II now open, the demand continues to be especially strong.”
Estuary consists of 582 luxury rentals in three buildings, which are 181 units in Phase I, 174 units in Phase II, and 227 in Phase III.
Its collection of studio, one, two and three bedroom rental residences range from $2,110 to $5,380, and feature open floor plans, floor to ceiling windows, hardwood floors, stainless steel Energy Star appliances in the kitchen, in-unit full sized washers and dryers, and individual climate control and alarm systems.
Estuary is part of Lincoln Harbor, a mixed-use development that is a short walk from Hoboken, and is served by New Jersey Transit buses to New York and New Jersey, it has its own ferry and light rail stops, and is adjacent to the Lincoln Tunnel.
Lincoln Harbor also features its own marina, condo residences, restaurants, daycare and retail.
●Kushner Real Estate Group
Pace picks up at 18 Park
Over 100 homes have been leased at 18 Park, a new, luxury rental apartment building in Jersey City developed by the Kushner Real Estate Group (KRE Group) and Ironstate Development.
The 422-unit property is represented by The Marketing Directors, who are serving as its exclusive leasing and marketing team.
“We are tremendously pleased with the immediate success we have achieved with the rentals at 18 Park in just four weeks,” said Jackie Urgo, president of The Marketing Directors.
“This development offers people the ultimate lifestyle package – beautifully designed homes with modern finishes, lifestyle amenities including a swimming pool and a great location within a vibrant neighborhood. We knew this development was going to be very popular in the market, but leasing activity has surpassed all expectations”
Residences at 18 Park range from studios to one, and two-bedroom homes, and feature high ceilings, hardwood floors and full-size washer/dryer units.
18 Park features a 24-hour doorman, fitness center, a game room, children’s play room, media lounge and dining space. Outdoor amenities include a landscaped plaza, swimming pool and dog run. The building also features a parking garage and bike storage room.
●EEA Industries, lld
The Gateway tops out
River Drive Construction has topped out The Gateway, a community of luxury apartments and high-end retail space situated next to the train station in the heart of South Orange’s Village Center.
River Drive serves as construction manager for The Gateway, which is being developed by apartnership of EEA Industries, LLC and SWH Residential Partners, LLC.
Located at 9 W. South Orange Avenue, the project is transforming a long vacant piece of land into a mixed-use development.
Designed by architectural firm Jarmel Kizel, The Gateway will consist of 57 one- and two-bedroom luxury residences featuring smart-living elements such as a virtual concierge, as well as approximately 9,100 square feet of high-end retail space.
Construction will be complete this summer. Leasing is currently underway at the community, which will open in September.
●NORMANDY REAL ESTATE
Luxury community rising from ashes
MRY Associates and Normandy Real Estate Partners have broken ground on Tudor House at Madison, a 26-unit luxury rental community at 39 Green Village Road in Madison, NJ.
The building’s Tudor architectural style is reminiscent of the original 1920’s era design that once graced the property.
The partnership had spent months renovating the building last fall when a fire destroyed it just several weeks before the converted apartment community was set to open.
Through a collaborative design process, the team successfully maintained the architectural integrity of the original building while giving it a modern and yet classically sensible new design.
Making the most of an opportunity to be part of an esteemed community where luxury rentals are rare, Tudor House at Madison will consist of a collection of one- and two- bedroom apartments.
The community will also have on-site covered parking and bike storage, and will be managed by Normandy Real Estate Partners.
“We are thrilled to contribute to Madison’s rich architectural landscape,” said Mark Yeager, founder and principal, MRY Associates.
“Tudor House at Madison is a wonderful complement to Madison’s offerings of stately single family homes while addressing to the market demand for luxury rentals. Additionally, I can’t thank Mayor Conley, Borough Administrator Ray Codey and numerous other borough professionals and government officials enough for their unwavering support in helping us get this project back on its feet and under construction.”
Tudor House at Madison, which is scheduled for completion in May 2015.