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New Development: Work underway at Greenpoint condo, Ground broken for HAP rental

HML Development

Work underway at Greenpoint condo

Gal Nagar’s HML Developments is developing a boutique condo on the Greenpoint waterfront.

170-174 West West Street will be a six-story, 70 ft. tall structure with 15 apartments,

Designed by  StudiosC architectural firm, the building’s exterior will be mottled white and gray brick with corten steel on the setback and ground floor. The  penthouse will be aluminum-clad.

Units will average 1,518 s/f with two  duplex apartments. Several of the homes will  have private outdoor space and the sixth floor will be setback, creating a large balcony for one of the top floor units.

The estimated completion is currently set for around Spring 2016.

StudiosC has worked on a number of apartment projects Lexington Greene and Copper Factory.


HAP Investments

Ground broken for newest HAP rental

HAP Investments last week broke ground for its newest East Harlem rental project at 2211 Third Avenue.

The site sits on the corner of 3rd Avenue and East 121st Street HAP will have 93 rentals, 20 percent of which will serve as affordable housing for low-income residents.

The property will also house the neighborhood’s newest grocer. The building has applied with the DOB for the Food Retail Expansion to Support Health (FRESH) program.

There will be 5,000 /f of parking, and 1,000 s/f of community facility space.

Karl Fischer serves as the architect of record for the project.

“HAP is pleased to start construction on this residential project in East Harlem, which will have a major positive impact in further transforming the East Harlem neighborhood. We are excited to partner with Karl Fischer to create this premier New York City property, which will serve as a destination for residents and retailers bringing new life to the area,” said Eran Polack, CEO, HAP Investments.

Extell Development Company

Last chance to buy at One Riverside

 One Riverside Park, Extell Development Company’s final luxury development along Riverside South, is 90 percent sold.

The 219-unit luxury condominium, with interiors by designer Shamir Shah, features some of the West Side’s largest residences and is slated to commence closings at the end of this month.

“One Riverside Park is the pinnacle of space, views and luxury on Riverside,” said Karen Duncan, director of sales for Corcoran Sunshine Marketing Group, the exclusive marketing and sales firm for the project.

“Buyers are attracted by the building’s spacious apartments, and majestic views of the Hudson River and New York City skyline, as well as our unmatched amenity package.”

One Riverside Park has a limited selection of its recently unveiled Premium Residence collection available for purchase.

Comprised of four-to-seven bedroom homes, these residences feature Hudson River views, grand-scale living and entertaining spaces, and eat-in gourmet kitchens.

Included in the collection is the last remaining full-floor penthouse residence, offering more than 6,000 s/f of living space.

Two Tower Townhome duplexes are also available, with over 7,000 s/f of interior and exterior living space, and private swimming pools.

Mill Creek Residential

Move-ins start at transit-friendly Long Island development

 Mill Creek Residential, a national apartment investor and operator, has begun initial move-ins at Modera Mineola, Long Island’s newest transit-oriented apartment community.

The company completed vertical construction on the community and started pre-leasing in April.

“Today’s apartment residents are clamoring for the downtown living experience in suburban communities that offer convenient access to a mix of urban and suburban lifestyle experiences,” said Jamie Stover, Mill Creek’s vice president of development for New York and Connecticut.

“Residents of Modera Mineola are close to employment, shopping and entertainment destinations on Long Island, but will also enjoy access to a walkable downtown and exceptional mass transit access from the Mineola LIRR station just two blocks away.”

Situated in the County Seat of Nassau County and within two blocks of the Mineola Long Island Rail Road (LIRR) transit center, Modera Mineola offers residents a clubroom with the latest in audio and visual technologies, a 24-hour fitness center, a business lounge, two outdoor courtyards, outdoor pool and bocce ball court.

There is an automated package delivery acceptance and notification, a pet-spa and wash station, bicycle storage, and a multi-level parking garage.

The design and construction of Modera Mineola features many environmentally friendly features and is designed to meet the Leadership in Energy and Environmental Design (LEED) certification through the U. S. Green Building Council.


Arias becomes Instrata

The former Arias Park Slope has joined the Instrata Lifestyle brand and been renamed Instrata Park Slope

It is the luxury rental portfolio”s fifth property in New York City and seventh nationally.

Designed by architect Ismael Leyva, the modern 12-story building at 150 Fourth Ave. comprises 95 units, including studio, one- and two-bedrooms, most with balconies and terraces.

“We’re thrilled to include the Park Slope property into the Instrata portfolio,” said Rob Neiffer, director at Invesco Real Estate, the sponsor of Instrata Lifestyle Residences. “The neighborhood is lively yet residential and comfortable, and the building is perfectly outfitted to meet our high standards.”

The ground floor has fitness center, residents’ lounge with wet bar, pool table, and comfortable seating, and connects to a second-floor roof garden with an outdoor exercise space.

On top of the 12th floor, the roof deck provides a 360-degree view of the Manhattan skyline, Verrazano Bridge, Prospect Park and Barclays Center.

Instrata Park Slope, managed by Adellco Management LLC, is currently 98 percent leased. Prices start from $2,995 to $4,700 per month for a two-bedroom.

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