In 2021 the new development projects with the most contract sales volume by list price were Central Park Tower, 200 East 83rd Street, 200 Amsterdam Avenue, Lantern House, and 109 East 79th Street. [The Real Deal]
In Manhattan, there were $7 billion worth of contracts signed for new developments during 2021, a 299% increase from 2020, and a 155% increase from 2019 when contract volume was a more typical $4.5 billion. [Mansion Global]
The Wales is a new development at 1295 Madison Avenue, a block from the Central Park Reservoir, on 92nd street in Carnegie Hill. The 11 story 20 residence condominium is comprised of 2 to 4 bedroom homes and a five bedroom penthouse. Prices range from about $3,635,000 for a two-bedroom to about $9,495,000 for a four-bedroom apartment. The building interiors are reimagined by Paris based design studio Cabinet Alberto Pinto. The landmarked Neo-Renaissance structure was originally built in 1901 and became the Hotel Wales before being transformed into a luxury new development. [Mansion Global]
“Residences at The Wales draw upon classic pre-war design with a 21st century approach; grandly proportioned living spaces feature airy, sunlit exposures, richly toned white oak flooring, and custom cornices. Kitchens, designed by Cabinet Alberto Pinto, offer white quartz slab countertops, custom-designed white lacquer cabinetry, and appliances by Wolf, Sub-Zero, and Miele. A full-floor penthouse, newly built atop the historic building, features a wraparound terrace and a private roof terrace with an outdoor kitchen and butler’s pantry.
The Wales’ elegant 24-hour attended lobby features coffered ceilings, a custom walnut and marble concierge desk, and antique mirrored walls. Amenities include a sophisticated oak-paneled fitness center with Peloton and Hydrow equipment, a pet spa with grooming station, bicycle storage, and private storage for purchase.” [Streeteasy]