Real Estate Weekly
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NEW DEVELOPMENT: Printhouse lofts launching soon, Stella Tower comes to market

● Eastern Consolidated
Moelis to build Village apartments

Eastern Consolidated has arranged the sale of 79-89 Avenue D in the East Village to Ron Moelis at L&M Development Partners for $12.5 million.
A proposed plan from L&M Development Partners calls for 79-89 Avenue D to be redeveloped as a 12-story mixed-use building that would house retail space on the ground floor and add on a residential portion that could rise up to 120 feet.
“The East Village, known for its diverse community, vibrant nightlife and artistic roots, continues to be a hot-in-demand neighborhood for both retail and residential spaces,” said Nancy Tran, Esq., an associate director with Eastern Consolidated who, along with Alan Miller, arranged the sale on behalf of both the purchaser and the seller, The Fried Family.
“The proposed development plan for 79-89 Avenue D is poised to bring much-needed residential units to the trendy neighborhood.”

Printhouse Lofts ready for prime time

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 neighborhood, the 1900’s industrial-style warehouse has been transformed into a 36-unit luxury rental apartment building offering high-end, industrial fixtures with modern amenities.

Printhouse lofts
Printhouse lofts is the exclusive sales and marketing team for Printhouse Lofts.
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 ft. long glass solariums.

The units have 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.

Printhouse Lofts has a virtual doorman, video intercom system, laundry machines on all floors, bike storage and shared roof deck space,

Stella Tower comes to market

JDS Development Group and Property Markets Group, in partnership with Starwood Capital Group, the team behind Walker Tower, have brought another Ralph Walker building to the residential market.
The newly launched Stella Tower, at 425 West 50th Street between Ninth and Tenth Avenues, is an 18-story, 51-residence tower located in Hell’s Kitchen.
The one- to three-bedroom residences range in size from 1,000 to 2,200 s/f, with current asking prices from $1.8 to $6.2 million. The penthouses are as large as 3,600 s/f and are slated to fetch between $10 and $14 million.
The original Art Deco ornamentation and brick façade are being restored, and the building’s iconic crown, removed in the 1950s, is being refabricated and restored.
Stella Tower features tilt-and-turn windows, with ceiling heights ranging from 10 to nearly 14 feet. Select residences have fireplaces and some include private outdoor space.
Cetra/CRI Architecture PPLC is the project architect.
“We’re keeping the integrity of Ralph Walker’s vision, concentrating on the façade and Art Deco ornamentation that made him famous, while also adding custom-designed, quality finishes and amenities,” said Michael Stern, managing director of JDS Development Group.
Vickey Barron and Michael Graves of Douglas Elliman Development Marketing are the exclusive marketing and sales agents for Stella Tower.

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