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Samy Mahfar - New Developments Summer Spring 2015

Samy Mahfar - New Developments Summer Spring 2015

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Samy Mahfar - New Developments Summer Spring 2015

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  1. Samy Mahfar new Manhattan Developments Spring/ Summer 2015

  2. 87 LEONARD STREET 87 LEONARD STREET, NEW YORK, NY 10013 • Last fall must have been a false alarm for 87 Leonard. The teaser site bills it as "a cast iron building from 1860 recast for modern living." There will be seven units ranging from three to six bedrooms. The developer is Magnum Real Estate Group (yes, that of the semi-notorious Ben Shaoul) and the architect is Grasso-Menziuso Architects, with interiors by GRADE. Broker Raphael de Niro just told the Journal that sales will launch "in a few weeks."

  3. 152 ELIZABETH STREET 152 ELIZABETH STREET, NEW YORK, NY 10012 • Yet another foreign architect making his imprint on the city, the Pritzker Prize-winning Tadao Ando from Japan is also at work on his first New York City Project. Nolita's new seven-story building will feature steel, glass, and concrete that's poured in place. There will be only seven apartments, which range from two to five bedrooms (and 1,950 to 5,600 square feet); their interiors are the purview of Gabellini Sheppard. The 32,000-square-foot building will have a rooftop terrace. As befitting their rarity, they'll be pricey when Compass leads the sales launch this spring, with half-floor apartments starting at $5.9 million and full-floor units at $15 million and up. The penthouse pricing "has not been released yet," which is code for "way more than $15 million." Ando, by the way, has also won the world's other three major architecture prizes: the Praemium Imperiale; the Carlsberg Architecture Prize; and the Kyoto Prize. Welcome to New York, Ando-san, and we look forward to your building's completion in 2016.

  4. THE ASTOR 235 WEST 75TH STREET, NEW YORK, NY 10023 • Yet another rental building getting turned into more profitable condos, this Upper West Side project is the work of developer HFZ Capital along with architects and designers BP Architects and Pembrooke & Ives. The conversion is awaiting approval from the attorney general's office, so there is no precise unit number yet, but they will range from one- to four-bedrooms and are supposed to launch sales in April under the auspices of the Corcoran Sunshine Marketing Group. Amenities include wood-burning fireplaces in the apartments, a gym, a kid's playroom, storage units, and bike storage.

  5. 325 WEST BROADWAY 325 WEST BROADWAY, NEW YORK, NY 10013 • A former chocolate factory in Soho has been awaiting its turn as condos since 2008, even after a Landmarks approval in 2013, and those 21 apartments are finally coming to market in the late spring. Developed and designed by DDG, pricing is still unclear, but amenities include a bike room, courtyard, and gym. DDG actually cut down the number of units (from 30) to make for larger layouts, so expect these to be spacious

  6. 78 IRVING PLACE 78 IRVING PLACE, NEW YORK, NY 10003 • Madison Realty Capital is the developer behind the rental-to-condo conversion at 78 Irving Place between Union Square and Gramercy Park. The seven-story building is undergoing a complete gut renovation led by PKSB and will be reborn as seven spacious condos, ranging in size from one-, two-, and three-bedrooms to a five-bedroom duplex penthouse. Price ranges on the teaser site start at $2 million and go up to $8 million-plus. Sales will launch this spring, but the building won't be complete until the fall.

  7. 172 MADISON AVENUE 72 MADISON AVENUE, NEW YORK, NY 10016 • Midtown South is getting more action with the addition of Yitzhak Tessler's 34-story condo tower, designed by the ubiquitous Karl Fischer. Tessler Developments' project will have 69 units, including 17 one-bedrooms of around 900 square feet, 40 two-bedrooms of about 1,500 square feet each, and six three-bedrooms of around 2,150 square feet, as well as the "Sky House" and "Mansion" units and four penthouses. The sales office is projected to open in March, and asks will begin at $1.2M for a 1BR, $2.7M for a 2BR, and from $6M for a 3BR residence. The fancier residences haven't unveiled pricing yet. Amenities include a gym, a pool, a lounge, a playroom, a pet spa, a bike room, and storage units. [previously on Curbed]

  8. OBSIDIAN HOUSE 93 READE STREET, NEW YORK, NY 10013 • Sales are launching in the early spring at Tribeca's Obsidian House, which is a project that's converting the city's second-oldest cast-iron building from rentals into four uber-fancy apartments. Developed by Knightsbridge Properties and designed by WORKac, the building will house three two-bedroom lofts priced from $2.95 million to $3.1 million. Then there's the triplex penthouse, expected to ask $7.45M. The sales gallery is located at 68 Thomas Street. [previously on Curbed; left, a rendering of the building that has since been removed from architect WORKac's website. Right, the building pre-conversion.]

  9. 204 FORSYTH 204 FORSYTH STREET, NEW YORK, NY 10002 • By 2014, the Nativity Mission School that once sat at this site on the Lower East Side had been completely razed to make way for a seven-story condo building. Marketed as "edgy refinement east of Soho", the 11-unit building is all two- and three-bedrooms that start from $3.25 million. Sales will launch "very soon." Buyers get access to a bike room, gym, and parking. Charles Saulson is the developer; Z Architecture is the architect, and Paris Forino is the interior designer.

  10. AKA UNITED NATIONS 234 EAST 46TH STREET, NEW YORK, NY 10017 • AKA properties are sort of like extended-stay hotels, but you buy apartments there, and they purport to have all the amenities and comforts of a full-service condo building. And two more of them are coming to New York. The one near the UN is developed by Korman Communities and the Prodigy Network and will have 95 one-bedroom units. Sales are estimated to kick off in late spring, with pricing from $1.2 to $1.5 million. There will be an outdoor garden on the lobby level, a cafe for residents, a gym, a business center, and an optional rental management program (presumably for buyers who then want to rent out their pied-a-terres).

  11. AKA WALL STREET- 84 WILLIAM STREET, NEW YORK, NY 10038 • Also developed by Korman Communities and Prodigy Network, here's another hotel-like condo project from AKA that's estimated to launch in the late spring. This one has a total of 137 units—studios, one-, and two-bedrooms. A gym, rooftop lounge, "modern cuisine restaurant" round out the amenity package. Again, there's an option to rent out your apartment via AKA after you buy it. Pricing isn't available at the moment, but it can't be too far off from the UN sister project.

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