New Development Round Up February 2013


What a thrill to see new inventory coming to the market!
I’ve gotten to preview and/or view with customers a number of properties.

Here are a few to throw on your radar:

150 Charles Views

$2500 per square foot and up


150 Charles Street is peeking images out today, so it’s apropos to discuss it.

With only 91 units, the sub-100 unit trend continues.

The massive buildings seem to pile up on the West Side, with the Aldyn as great examples, with incredible 40,000 health clubs.

But apart from Hudson Yards, and Riverside Boulevard, the boutique trend will certainly continue for a long time.

These 60, 70+ unit projects seem to achieve the highest prices per square foot.

The sales office has ingeniously created views in a Hudson Street office interior, showing what will be the sweeping views of the Hudson River and Skyline, although the actual building has yet to grow out of the ground.

With the success of Walker Tower and it’s many terraced units, a great deal of these will have private space.
Amenities will include a 3000 square-foot fitness center with lap pool, plunge pool and hot tub, and garage.

The garage will be a HUGE hit.
I haven’t discussed the finishes yet.

Given the light in the units, the designers went for a gorgeous wood focus in the kitchens, and chose absolutely stunning finishes.

Every doorknob, hinge, faucet, and pull is custom to the building- and while the chrome may prove high maintenance, the look is classic and alluring.

A home run right up there with Walker Tower.

Lovely North American stone for counters and baths will help quality control and availability.

They are spending a FORTUNE on finishes, and will do everything they can to justify the pricetags.
Onto our next shout-out:

The Abingdon.

I know that I’m late to this game, as the development is nearly sold out, except for the 10,000 square foot maisonette.

It’s worth giving a bravo to my friend Tim Crowley and the development team, FLANK.

Here, they have created real homes, oversized West Village condominiums at 607 Hudson, in what was the Village Nursing Home.

I will mention that I had volunteered there many times with the terrific organization Musicians On Call.

At any rate, they have chosen finishes that meld the traditional to the modern, and incorporated smart technology in doing so.

With only 10 units, buyers have certainly been attracted to the exclusivity, but the quality is what closed the deal.

Cheers to 607 Hudson's Abingdon

150 e 72nd
Macklowe has done a gorgeous and interesting redevelopment of a 100 year-old building, with fine finishes in all baths, stunning and custom white kitchens, and layouts including simply enormous Great Rooms in the 3+ bedroom units.

These layouts are built-to-order for this market, and while the views are, not surprisingly, limited, that’s not what the audience wants here.

They want space, and they get it.

Oversized kitchens, lovely mosaic baths, big closets.
It’s a success, albeit a pricey one.

Enjoying what I’m seeing out there right now.

Just wish there was more of it.

More uptown developments next month. -S

Sumptuous Bath

Recent Blog Posts

Deal of the Month: When the Third Time (or Agent) Is The Charm
(VIDEO) The Quarterly Report Is Old News
Deal of the Month: How to Know You’re Getting A Good Deal In the Moment—An Upper West Side Purchaser Story
(VIDEO) The One Thing You Need To Know About the Market (and ignore the rest)
My Experience with Fake Renters, aka Section 8 Ambulance Chasers
How Will The NAR Settlement (and its copycat lawsuits) Impact New York City’s Real Estate Market?
What The NAR Settlement Means For the Real Estate Industry
Apply To Be On The Pursuit Of Home Podcast
(VIDEO) What Are You Waiting For? The Manhattan & Brooklyn Aren’t Waiting For Spring to Bloom
The Silent Killer? Building Operation Costs. Here’s What Buildings—and NYC—Can Do About It.

Archives