Real Estate Weekly
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NEW DEVELOPMENT: TOWN closes out Allen House, 22 CPS sells out

● Rogers Partners
Jasper Jones studio to become apartment building

Architecture firm ROGERS PARTNERS Architects+Urban Designers has designed a new 12-story apartment building for an iconic Lower East Side corner site at East Houston and Essex streets.

The 40,000 s/f development involves both the preservation of an existing building and the addition of a new residential building above it.

The existing structure was built in 1912 and served as a branch of the Provident Loan Society of New York.

It was also a former residence and studio of American painter and printmaker, Jasper Johns, from 1967 to 1988.

“This residential expansion will positively impact the area both architecturally and commercially,” said Robert M. Rogers, founder of Rogers Partners.

“The design maintains the mixed-use character of the neighborhood, while creating a new architectural focal point for the corner of Houston and Essex.”

Rogers Partners has drawn upon the prior occupancy of Jasper Johns by integrating elements of his artistic style into its design of the new residential structure.

The design establishes a vibrant visual dialogue between the new residential portion and the original building. The project will will pursue LEED certification.

“The owners have been longstanding members of the Lower East Side and East Village communities for over 40 years, and have owned this property for more than 25 years,” said Rogers.

“They are conscious of the social and cultural roles that prior uses of this structure have played in the community. The individuality of the current structure will not only be retained, it will be enhanced, honoring its long-standing presence in the community.

“The new building will be a continuing contribution to the neighborhood now and in the future.”

● Thor Equities
TOWN closes out Allen House

TOWN Residential has completed leasing at Allen House, 201 East 71st Street, an exclusive boutique luxury condo quality conversion.

Claiming the record for the highest rental price per square foot in a non-doorman building above 59th Street, the residences were fully leased in less than four months.

Allen House
Allen House

Developed by Thor Equities, the four-story building has been crafted for tenants who appreciate the privacy of a boutique building paired with the design quality and aesthetic of a larger scale new development.

“Residents have fallen in love with Allen House. The property created a new niche in the market by providing a level of finish and detail that is unmatched – by luxury condo or rental,” said Karen Stone, who represented the property with TOWN Marketing and Leasing under the consultation of Brett Solomon.

Allen House features loft through four-bedroom homes with some offering private roof decks.
The building offers state-of-the-art security, virtual doorman, package and dry cleaning reception, plus a live-in super.

● Elad Group
22 Central Park South sold out

Elad Group announced that the landmarked boutique condominium, 22 Central Park South, is now 100 percent sold.

Neighboring the Plaza Hotel, 22 Central Park South is situated along one of Manhattan’s most iconic corridors.

It also affords residents unparalleled access to the world’s most exclusive department store, Bergdorf Goodman. This includes a personal shopper that allows a ‘red carpet’ connection to the store’s fashion, beauty and style services.

22 CPS
22 CPS

“We’ve taken luxury living to an entirely new level at 22 Central Park South, offering residents something that cannot be found anywhere else in the world,” said Samantha Sax, executive vice president Marketing and Sales for Elad Group.

“This boutique building offers a special type of living for residents who do not want to live in a soaring skyscraper. Savvy developers are catering to these types of buyers, and designing smaller condo buildings that offer privacy, security and the chance to really know your neighbors.”

In addition to having access to a Bergdorf Goodman personal shopper, homeowners have the opportunity to connect with a design specialists from Bergdorf’s Decorative Home floor who can assist in creating the perfect home.

22 Central Park South residents may also take advantage of early previews for limited edition items from upcoming decorative home collections prior to their in-store debut, among other exclusive perks.

The six full-floor residences are two-bedroom, two and-a-half bathroom homes. The building’s top two floors house a 2,943 s/fduplex penthouse, offering three private outdoor terraces totaling 909 square feet.

Corcoran Sunshine Marketing Group handled exclusive sales and marketing for the property.

● Ornstein Leyton Company
Developer sees the bigger picture for active LI adults

Long Island developer, Ornstein Leyton Company, is introducing a resort-style living community to the region.

The Vineyards at Blue Point has been designed by the Garden City based firm to offer active adults a balance of sophistication, comfort and convenience for the 55-and-over population on Long Island.
Sales have been progressing at the new community with 48 of the 50 market-rate homes in the first Phase sold in four months.

With designer-furnished models completed, the first weekend of Phase 2 sales saw more than 25 of the available 41 homes being sold.

The community offers 280 residences, surrounded by 28 acres of preserved land. Custom designed homes have two bedrooms, two-to 2.5-baths, with luxury finishes and fixtures.

The Vineyards at Blue Point
The Vineyards at Blue Point

The 7,500 s/f clubhouse, known as The Vineyards Club, includes a full time concierge, outdoor heated pool, fire pit, bocce courts, fitness center, yoga and aerobics studio, a tot lot for grandchildren, great room, and a bar and lounge Club Room.

The Vineyards Club will also have on-site physical therapy and will be large enough for events and quiet card games, billiards or just for enjoying a late afternoon cocktail with friends.

“We knew that our active adult population wanted a fun, maintenance-free, lifestyle community – one that would provide them the opportunity to stay near their children and grandchildren, their friends, their doctors, their spiritual home and more,” said Alec Ornstein, a partner of the development firm.
“At the same time, we knew they wanted to live where they didn’t have to get in their cars every time they wanted to visit their friends, take a swim or go for a walk.

“We designed The Vineyards at Blue Point with our own friends and family in mind.”

Formerly used as an entertainment venue — it originally housed a drive-in movie theater and then a multiplex movie theatre — the property is surrounded by lush vegetation, two ponds and a nature trail.

● Alexander Development Group
Ground broken for luxury rental in Mount Vernon

Design and architecture firm Perkins Eastman just celebrated groundbreaking of 42 Broad Street West (42 Broad), a new 16-story luxury residential and commercial development in Mount Vernon’s downtown Fleetwood business district.

Developed by Alexander Development Group and partner, the Bluestone Organization, the new building will feature 16,000 s/f of storefront retail space, 205,000 s/f of residential space (249 apartments), and amenities including a new courtyard with pool, private terraces, and a landscaped roof.

42 Broad
42 Broad

42 Broad is Mount Vernon’s first planned luxury development to be erected in over four decades.

According to Perkins Eastman principal Stuart Lachs, the development’s design lead, “42 Broad is bringing to Mount Vernon more than just new luxury rental apartments and storefronts; the entire development is designed to improve the surrounding commercial district by supporting safer streets, a better pedestrian experience, and vibrant retail opportunities that support the community. It’s something special when an apartment building can achieve this and more.”

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