New Development Preview September 2021

109 East 79th Street
109 East 79th Street

109 East 79th Street, Upper East Side

“Steven Harris Architects has designed a 20-story ground-up building…with a modern aesthetic that also plays tribute to the classic architecture of the surrounding neighborhood, incorporating elements of Art Deco, mid-century and Bauhaus design. High ceilings are featured throughout common areas as well as in the spacious individual units. Harris has focused the design of the residences around classically proportioned layouts and large living spaces, which in some cases span as much as 6,000 square feet with 20-foot ceiling heights. Some of the units will feature step-down living rooms, and all have been placed to make the most of views overlooking the building’s private gardens and fountain. Sales launched on Sept. 15.”

Number Of Units: 31
Price range: Prices range from $5.35 million to up to $35 million
Developer/Architect: Legion Investment Group/Steven Harris Architects
Residence sizes: Two- to five-bedroom residences
Amenities: Common areas include a double-height lobby that leads to a lounge and a library overlooking a private garden, which features a fountain designed by artist Mig Perkins. A double-height fitness center, featuring a full squash court and yoga studio, also overlooks the garden. An on-site spa will be equipped with treatment rooms, a sauna and a hair salon.
Website: 109east79.com


The Cortland
The Cortland

The Cortland, 555 West 22nd St., West Chelsea

“A collaboration between Robert A.M. Stern Architects and Olson Kundig, The Cortland is located across from Hudson River Park, and features a hand-laid brick facade inspired by the architectural history of West Chelsea. The project’s 144 residences will feature high ceilings, open-plan living and dining areas, and “multifunctional” spaces, all designed to give buyers the flexibility to customize to suit their needs and lifestyle. Sales are set to launch this fall.”

Number of units: 144
Price range: Pricing upon request
Developers/Architect: Related Companies/Robert A.M. Stern Architects
Residence sizes: From studios to five-bedroom apartments
Amenities: Leisure and wellness services, tailored experiences, and exclusive benefits through Related Life, as well as communal spaces featuring “a sophisticated mix of stone, metal and wood.”
Website: thecortlandnyc.com


One Wall Street
One Wall Street

One Wall Street, 1 Wall St., Financial District

“Continuing the tradition of developers reimagining New York City’s architectural treasures as luxury residences, Harry Macklowe is converting the Ralph Walker-designed Art Deco landmark, One Wall Street, into a 566-residence condominium. The extensive renovation will transform the 1931 building into the largest office-to-condo conversion in the city’s history. The individual residences have ceilings up to 10 feet high and come pre-wired for motorized shades and smart home systems. The units will be finished with details including French oak wood floors, Miele appliances, marble countertops and backsplash, and custom-designed cabinetry. Sales are scheduled to launch this fall.”

Number of units: 566
Price range: Units start at $1.475 million
Developer/Architects: Macklowe Properties/SLCE Architects and Robert A.M. Stern Architects
Residence sizes: One- to four-bedrooms, triplex penthouse
Amenities: 100,000 square feet of amenities including a full-floor fitness and wellness center, 75-foot swimming pool with steam rooms and wraparound sun terrace, children’s playroom, teen lounge and gaming room, and panoramic views.
Website: onewallstreet.com


200 East 83rd Street
200 East 83rd Street

200 East 83rd Street, Upper East Side

“Naftali Group has partnered with the Rockefeller Group to bring a new development with sweeping city views to the Upper East Side, designed by architect Robert A.M. Stern. Residences feature gracious layouts and private foyers as well as abundant natural light and views framing each room, and have been designed in a contemporary-traditional style, with white oak flooring, custom-designed millwork cabinetry and bespoke vanities. The building’s design incorporates thoughtful details such as a traditional masonry facade of Indiana limestone embossed with wildflowers that were once native to the area. Sales launch in late September.”

Number of units: 86
Price range: Pricing available upon request
Developer/Architect: Naftali Group and Rockefeller Group / Robert A.M. Stern Architects
Residence sizes: One- to six-bedroom residences, including half-floor, full-floor and three penthouse residences
Amenities: Amenities include a vaulted porte-cochere with automated parking that opens onto a private courtyard. A 70-foot pool with double-height vaulted ceilings will open onto a loggia with expansive city views, while a winter garden with floor-to-ceiling arched windows has access to an outdoor terrace, and a leather-paneled library adjoins a landscaped garden. The building will also include a fitness center, spa, children’s playroom and private cinema.
Website: 200east83rd.com


The Mandarin Oriental at 685 Fifth Avenue
The Mandarin Oriental at 685 Fifth Avenue

The Mandarin Oriental at 685 Fifth Avenue, Midtown East

“On Fifth Avenue just south of Central Park, Mandarin Oriental is creating luxury hotel residences at 685 Fifth Avenue. The 20-story building, formerly known as the Dorothy Gray building, was built in 1928 and previously served as the headquarters of Gucci. Residents will have access to private luxury amenities, as well as Mandarin Oriental concierge services. The property is designed by March and White Design, and individual units range from 600-square-foot terrace suites with Juliet balconies, to penthouses that feature outdoor space and span approximately 2,500 square feet. The units are turnkey and come fully furnished and accessorized with details including Frette linens, stocked Molteni kitchens, custom upholstery and tailored window treatments. Exclusive sales previews start this month.”

Number of units: 69
Price range: $2.5 million to $15 million, penthouse pricing available upon request
Developer/Architect: SHVO/March and White Design
Residence sizes: 600-square-foot suites to penthouses with outdoor space
Amenities: Residents will have access to private amenity facilities including a rooftop pool with cabanas, bar and lounge; a spa and fitness center with steam, sauna and treatment rooms; and a Mandarin Oriental dedicated concierge team equipped for services ranging from bartending and butler services to shopping and dog-walking.
Website: mo-residencesfifthavenue.com

[New development profiles reported by Mansion Global]

Penthouse On The 79th FL Of 432 Park Avenue Lists For $135 Million

432 Park Avenue #79
432 Park Avenue #79

A penthouse on the 79th floor of 432 Park Avenue is listed for $135 million. 432 Park Avenue is 96 stories and was designed by Rafael Viñoly and built in 2015. The 8,055  sqft full floor residence has expansive views of Central Park, the Hudson River and the Atlantic Ocean with 5 bedrooms, 5 baths, 2 powder rooms and two private elevator landings . The interiors are designed by architect Hiroshi Sugimoto with custom finishes. 432 Park Avenue has 30,000 square feet of amenity space, including a 75-foot indoor swimming pool and a fitness center, a private restaurant overseen by Michelin-starred chef Sean Hergatt, a library, and a yoga studio. There are also concierge services, in-suite dining, an onsite parking garage, and valet services. [Mansion Global]

The residence #79 was purchased in 2016 for $59.1 million. Recent sales at 432 Park Avenue include: in August, a 2,630 sqft unit on the 80th floor sold for $19.1 million, or $7,262 per sqft. In January, a full floor unit on the 34th floor was sold by the developers CIM Group and Macklowe Properties for just under $19.8 million, or $2,448 per sqft. [The Real Deal]

432 Park Avenue #79, View
432 Park Avenue #79, View

In New York City New Development Contracts Increase 109% In August 2021 Vs. 2020

The Lantern House
The Lantern House

421 new development contracts were signed across New York City in August 2021 an increase of 109% from 2020 and 88% from 2019. There was also a 16% gain in new development contracts from July 2021 as the market momentum continues. The most active projects in Manhattan were: the Lantern House in West Chelsea designed by Thomas Heatherwick; and 130 William in the Financial District designed by David Adjaye. [The Real Deal]

130 William
130 William

TriBeCa Penthouse At 140 Franklin Street Sells For $14.5 Million

140 Franklin Street PHA
140 Franklin Street PHA

A loft penthouse duplex at 140 Franklin Street with over 5,000 sqft of interior space and a 2,200 sqft landscaped terrace sold for $14.5 million. The 4 bedroom 3.5 bath residence was initially purchased for $10.75 million in 2018. The grand double height living room features a skylight, original cast iron columns and a wood burning fireplace. 140 Franklin Street was built in 1887 in the Romanesque Revival style and converted to a boutique full service condominium in 2000. [NY Post]

140 Franklin Street PHA, Terrace
140 Franklin Street PHA, Terrace