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Construction shot of 70 Vestry as of last week Construction shot of 70 Vestry as of last week
Today the Related Sales/Corcoran Sunshine team released one of 70 Vestry’s two palatial penthouses. The three-floor abode designed by Robert A.M. Stern and Daniel Romualdez will comprise a whopping 7,808 square feet of indoor space PLUS with 3,687 square feet of private outdoor space. The unit would shatter the downtown condo sale record set by Ruppert Murdoch's penthouse in One Madison.
70-Vestry-23 Rendering credit by No?? & Associates with the Boundary
70-Vestry-1 Corcoran Sunshine / Related Sales
70-Vestry-2 Corcoran


Pair of 150-Year-Old Greenwich Village Buildings to Bite the Dust

831-Broadway 827-831 Broadway, Photo via Wikimedia
While we love new developments, we can't reconcile the desecration of the city's charm. Yesterday demolition applications were filed to raze a pair of charming Italianate-style buildings at 827-831 Broadway in Greenwich Village. Motivated by the hot Midtown South commercial market, the buildings will be replaced by a 14-story boutique office building. The project is being developed by Quality Capital and Caerus Group , and designed by C3D Architecture.

Just last week, the Real Deal reported that Normandy Real Estate Partners and Ares Management are considering developing a boutique office building at 799 Broadway, just two blocks south of 831 Broadway.
827-Broadway Google Earth rendering of 827 Broadway based on approved zoning diagram; CityRealty


New Upper West Side Condominium Flaunts its Restored Facade

272-West-86th-Street 272 West 86th Street showing off its classic exterior; CityRealty
The netting has come down at 272 West 86th Street in the Upper West Side. The landmarked C.P.H. Gilbert-designed exterior have been fully restored and behind them will be seven spacious and intelligently designed residences crafted by Barry Rice Architects. The two listings on the market are a 4-bedroom priced at $5.395 million and a 3-bedroom priced at $4.795 million.
272-West-86-Street-2 Renderings of 272 West 86th Street via Stribling
272-West-86th-Street Bathroom
272-w-86-93 Bedroom


Second Best February for the High-End Residential Market

252-East-57-23 252 East 57th Street's Unit 63B was the most expensive condo signed into contract last week. The 4-bedroom had an ask of $11.8M; Rendering via Stribling
Olshan Luxury Market Report says February 2017 is the second-best February since they began keeping track in 2006. The report covers NYC residential properties signed into contract for $4 million above. Last week there were 21 of such deals. See the full report here.


New Details on Related’s Mystery Hudson Yard’s Tower

530-West-30th-Street-2 530 West 30th Street from the High Line; CityRealty
Related Companies’ next-to-open Hudson Yards building at 530 West 30th Street is nearly finished from the outside but details remain scarce. The building, designed by Ismael Leyva tops out at 32-floors and rises at the foot of the master plan’s open plaza.

Andre Kikoski is handling the interiors and per their page the 325,000-square-foot building will offer just 125 residences. Amenities will include lounges, galleries, entertainment venues and athletic facilities. Kikoski also mentions that nearly a dozen works of art have been commissioned for the building and the lobby will be defined by foundry-cast panels of molten bronze poured over crumpled linen. Something tells us these units will either be condos or very expensive rentals…
530-West-30th-34 Rendering of Hudson Yards with arrow pointing to 530 West 30th Street


281 Fifth Avenue Gets Financing Shot in the Arm

281-FIfth Avenue Google Earth of future New York with 281 Fifth in Center; CityRealty
Just in time for its vertical lift-off, Lendlease and Group’s 281 Fifth Avenue has secured a $269 million construction loan from a consortium of three Singaporean based banks led by United Overseas Bank Limited Just last week, we reported a crane going up at the site at the corner of 30th Street and Fifth Avenue. Ultimately, the building climb 55 stories and contain 130 units.


NYC's Slowest Residential Project Ever…

5-33-48-avenue Photo of 5-33 48th Avenue; CityRealty
A residential conversion and addition of a Long Island City manufacturing building at 5-33 48th Avenue is taking its sweet time getting to the finish line. Things seemed to be moving swimmingly in 2014 when new sets of factory-style windows were installed and its red-brick façade got a thorough buffing. In 2016, framing for its four-story addition began to rise, but since then it appears little has been done.

When finished sometime this millennium, the building will hold 62, classic 2010-era apartments. Joseph A Sultana of JLS Designs are the architects listed on permits. For those looking for a more immediate move-ins, next door is the Solarium Condominium and the rentals at Fifth Street Lofts.


Carter Chimes in on Nolita Condos Designed by Andre Kikoski and Lenny Kravitz

75-Kenmare-8 75 Kenmare Street rendering; via Douglas Elliman
Read Carter’s review of 75 Kenmare, an upcoming Nolita’s condo development designed by Andre Kikoski and Lenny Kravitz. “The building’s fenestration is quite elegant with deeply inset windows in two-story high, champagne-colored thin panel. The fluted cast-concrete of the exterior does recall the elegant base of 740 Park Avenue.”

Also, read our story on the sales launch here. Currently available one-bedrooms start at $1.695M, two-bedrooms at $2.9 million and a three-bedroom home has an ask of $5.895M.
75-Kenmare Google Earth aerial of 75 Kenmare; CityRealty
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