Hope Street’s 98 Front St. Passes 50% Sales Threshold
Hope Street Capital’s 98 Front St., DUMBO’s newest ground-up condominium, has opened its doors to its first residents with more than 50 closings occurring by the end of 2020, following the recent completion of the luxury building. It’s now more than 50% sold.
The developer says 98 Front is also the first new development in Brooklyn to obtain Fannie Mae approval. This enables any lender nationwide to offer the most attractive interest rates and up to 95% financing.
“Today more than ever, achieving 50% sold and a Fannie Mae Approval is critical— especially as banks tighten their lending standards,” said Sha Dinour, partner of HSC.
The 10-story luxury condominium comprises 165, studio, one-, two-, three- and four-bedroom residences ranging in size from 400 to more than 2,000 square feet. Asking prices for the remaining units range from approximately $650,000 to $4 million.
98 Front Apartments / ODA New York
98 Front Street is a 10 story 189,000 sqf ground-up mixed-use building in DUMBO Brooklyn. The property is bound by Adams street on the east, York Street on the south, Fleet Alley on the west, and Front Street on the north.
ODA’s 98 Front Street Welcomes New Residents as Sales Surpass 50% Milestone
98 Front Street, DUMBO’s newest ground-up condominium, started welcoming its first residents with over 50 closings occurring by the end of 2020. With the construction of this incredible new luxury condominium now complete, the ODA-designed building surpasses the 50% sold mark, setting a new sales record with a recent closing of $2100 PSF. In addition, 98 Front Street has received approval from Fannie Mae and its full TCO, meaning buyers can move in immediately. Financing for new condominiums has become challenging amid the pandemic as lenders tighten their standards. As a result of the building’s successful sales thus far, buyers will have access to all major lenders nationwide.
98 Front Apartments / ODA New York
architects: ODA New York
Location: 98 Front St, Brooklyn, NY 11201, United States
Project Year: 2020
Photographs: Aaron Thompson
Area: 189000.0 ft2
Construction Wraps Up On 98 Front Street In DUMBO, Brooklyn
Exterior work is wrapping up on 98 Front Street, a ten-story residential building in DUMBO, Brooklyn. Designed by ODA, the reinforced concrete structure features the firm’s signature irregular cubic massing and will contain condominiums with 100 distinct layouts. Hope Street Capital is in charge of sales for the units, which range from studios to four-bedroom homes and start at $670,000.
New photographs from street level show the state of work at the site, which is bound by Adams Street to the east, York Street to the south, and Fleet Alley to the west. The exterior stands complete, with only minor touches outstanding along the ground floor and sidewalk, where some scaffolding and fences remain. The architecturally-finished concrete façade and large square windows make for a striking contrast to the traditional brick masonry and stone-enveloped structures characteristic of DUMBO.
Amenities include an indoor saltwater swimming pool, a steam room and spa, a fitness center, and a secondary fitness room located in the upper portion of the property. There will also be a residential communal lounge, coworking space, a 7,000-square-foot outdoor communal rooftop terrace with BBQ stations, three separate outdoor kitchens, a bocce ball court, and an outdoor screening area.
The nearest subway to the address is the F train at the York Street station, which is only two blocks away to the east. The A and C trains are also nearby at the High Street station, a six-minute walk to the south. The East River ferries at Brooklyn Bridge Park are a seven-minute walk to the west.
It looks like work should completely finish before the end of the year, possibly before the end of the summer.
Pricey Brooklyn waterfront neighborhood well positioned recovery
Dumbo, a stylish sweep of converted warehouses along Brooklyn's waterfront, appears to be having a so-so year.
After consistently ranking as the borough's priciest neighborhood, its fortunes slipped in 2019 as high-end real estate struggled. The median sale price on its cobblestone streets was a little more than $1.6 million last year, down 20% from 2018, according to PropertyShark. That dropped Dumbo behind Cobble Hill and placed it 10th on the city's overall list.
Oversupply is a concern, as new condo projects go head to head. Several are on Front Street, a nine-block span that dips into Vinegar Hill. It is where Dumbo's past and future mix.
Matt Damon’s Brooklyn Heights condo is in an old Jehovah’s Witnesses buildi
Eye on Real Estate: A property the Jehovah’s Witnesses sold when they moved their world headquarters out of Brooklyn Heights to upstate New York is now a condo building where Matt Damon reportedly bought the penthouse.
Square Mile Provides $180M Construction Loan on Brooklyn Resi Project
Jeffrey Gershon’s Hope Street Capital has landed $180.3 million in debt from Square Mile Capital Management to begin developing its planned multifamily tower at 550 Clinton Avenue in Clinton Hill, Brooklyn, Commercial Observer has learned.
The priciest Brooklyn condo filings of 2019
UPDATE: Tuesday, Dec. 11, 2019, 12:38 p.m: Yoga studios, private parks, multi-level fitness centers: Developers behind this year’s 10 priciest Brooklyn condo filings are leaning into health-conscious amenities in the battle for buyers.
ARO Wins CTBUH Award of Excellence
ARO Wins Best Tall Building 200-299 meters 2020 Award of Excellence
CTBUH Awards 2020
What $5,000 rents in NYC right now
Welcome to Curbed Comparisons, a weekly column that explores what one can rent for a set dollar amount in various NYC neighborhoods. Is one man’s studio another man’s townhouse? Let’s find out! Today, we’re looking at apartments renting around $5,000/month.
First Look at ARO's Crown Jewel
Rising over 60 stories, ARO’s striking form features a sculptural cantilevered design of fluid twists and curves. The award-winning architecture by CetraRuddy accentuates transparency and light, with floor-to-ceiling windows that offer sweeping views of all of Manhattan and a white steel latticed facade. As impressive as it is on the outside, the recent debut 65th-floor penthouse is the cherry on top and we have the inside look to prove it.
Saltwater pools: The new luxury amenity in NYC
Manhattan is an island so it only makes sense that it’s surrounded with salt water… pools, that is. As luxury residential buildings ramp up their battle for buyers, traditional amenities just won’t do. Now, buildings don’t just offer amenity spaces, they “activate” them. And, they don’t just offer plain old pools, they make them salty!
DUMBO’s Newest Ground-Up Condominium, 98 Front, Officially Launches Sales
Hopestreet announces that DUMBO’s newest ground up luxury condominium, 98 Front, has officially launched sales. A singular offering in the celebrated Brooklyn waterfront neighborhood, 98 Front’s residences range from studios to gracious four-bedroom homes, presenting an attractive option to a broad range of buyers and providing a strong point of differentiation with other nearby residential buildings. With pricing for the condominium’s homes starting at just $670,000, the newly constructed building and its diverse unit mix signify a true rarity for the area.
“We believe that 98 Front presents an incredible investment opportunity for buyers. With best-in-class finishes and over 100 layouts, each home is architecturally distinct. This translates to smart, one-of-a-kind floorplans that interact seamlessly with the exterior of the building,” said Sha Dinour, partner of Hopestreet. “The amenities at 98 Front truly set the building apart from the competition. The coworking-style lounge, salt water pool, expansive rooftop with bocce, BBQs and an outdoor gym—plus preinstalled smart technology like automated Latch locks and the ButterflyMX system—will enhance each resident’s lives for the better and are what savvy buyers are looking for today.”
Located in the heart of DUMBO and designed by the award-winning architecture firm ODA NEW YORK, 98 Front combines sophisticated innovative architecture with superior craftsmanship. The luxury condominium’s minimalist architectural concrete facade provides a point of connection with the neighborhood’s industrial history, while its unique cubic structure echoes the design-forward and artistic nature the waterfront area has become known for in recent years. Seamlessly transitioning the building’s contemporary design aesthetic inside, 98 Front’s dramatic, light-flooded lobby features double-height ceilings, crafted custom millwork and expansive floor-to-ceiling windows.
“At ODA we believe that the expansion of a building’s envelope allows us to discover new architectural dimensions,” said Eran Chen, founding principal of ODA. “This approach engages the outdoor space with the interiors across more than one plane, surround¬ing it by two rooms in a more natural extension of the indoor quarters. This is a small but important detail. When outdoor space functions as a room and an intermediary between parts of an apartment, like a courtyard, it is perceived as a true extension of the living space. At 98 Front, we have been able to apply this concept that ultimately expand¬s the threshold of a building—one that functions as a living envelope for its residents.”
Standing 10 stories in height, the sculptural concrete building is comprised of 165 studio, one-, two-, three- and four-bedroom residences ranging in size from 400 to over 2,000 square feet. The ideal home for buyers ranging from first-time homeowners to large families, 98 Front’s meticulously designed apartments feature 10-foot ceilings and oversized insulated sound-attenuated windows by ALUMIL, which provide both an abundance of natural light as well as the best living experience possible. Other standout details include 8-foot solid core doors and 5-inch-wide hand-selected white oak flooring.
Kitchens have been outfitted in custom Italian hand-selected white oak rift cabinets and feature striking Corian countertops and backsplashes as well as Blum hardware. Designed with the entertainer in mind, residents will enjoy top-of-the-line Bosch appliances, including a paneled refrigerator and dishwasher, gas cooktop, convection oven and speed ovens; in-sink garbage disposals; and Grohe faucets and soap dispensers.
Spa-like, the bathrooms feature oversized showers or Maax tubs, custom Laufen sinks with floating oak shelving, large format Nordic Blanco tiles and marble flooring. Brushed nickel fixtures by AF New York and large vertical, recessed medicine cabinets add to the aesthetic, while radiant heated floors in all master bathrooms illustrate the highest tier of luxury.
Spanning indoors and out, 98 Front’s extensive selection of wellness-centered amenities will further increase its appeal to a broad pool of potential residents. Located on the ground floor, residents looking to relax and rejuvenate will enjoy the indoor salt water pool, steam room and spa, while those itching to work up a sweat will have the ability to take refuge in the building’s indoor state-of-the-art fitness center – equipped with Peloton® Exercise Bikes – or a secondary outdoor fitness outpost located on the condominium’s communal rooftop.
In addition to its robust wellness component, the condominium’s amenity program has also been designed to provide unparalleled social and entertainment experiences. Within the building residents will have access to a Residents Lounge, top-of-the-line coworking space. Crowning the development, with the Manhattan skyline as its backdrop, is a massive 7,000-square-foot communal rooftop terrace artfully designed and sectioned off for various activities. The immense space will feature BBQ stations and three separate outdoor kitchens; a bocce ball court; and outdoor screening area, as well as breathtaking City and river views.
A full-service building, 98 Front will also include a 24-hour doorman and live-in resident manager to assist residents with their every need. Installation of Latch smart access keyless locks and a Butterfly MX smart intercom will ensure an even more seamless living experience. Bike storage, on-site parking and resident storage units will also be available for a fee.
In recent years DUMBO has emerged as one of New York City’s most desirable living destinations. Once known for its abundance of warehouses, the neighborhood is now the borough’s artistic and creative office hub, beckoning impressive tenants like e-commerce website Etsy and Fortune 500 Company United Technologies and Rent The Runway. Its proximity to Downtown Manhattan and an influx of residential development have further assisted in transitioning it into a 24/7 live, work and play destination. Situated just a short walk from the iconic Brooklyn Bridge Park and some of the most exciting new neighborhood developments, including the 1 Hotel and nearly 500,000-square-foot Empire Stores, which features The DUMBO House and the recently opened Time Out Market boasting more than 20 local food vendors, 98 Front will offer residents a home nestled amongst some of the City’s most notable landmarks and attractions.
Splash cash: New York renters pay top dollar for access to pricey rooftop p
Algin Management owns both 300 Mercer (left) and ARO (right) — both sporting rooftop pools.Poul Ober; Binyan for IF Studio
It was the right call at the 35-story, 480-unit 300 Mercer St. in Greenwich Village, which opened in 1976 with a 20-by-40-foot pool (one unit is curently on the market for $5,050/month). And, decades later, it was the right move for the 62-story tower ARO at 242 W. 53rd St., where move-ins started in December (rents from $3,995). Both buildings charge a fee for the pool, $475 per season for an individual at 300 Mercer and $3,000 annually for access to the Sky Club at ARO.
At Greenpoint’s OTTO, which opened in September 2018 and has apartments on the market from $3,130/month, tenants shell out $400 to use the pool for the season, which, like all outdoor pools, is guaranteed to be open from Memorial Day weekend through Labor Day, but management can extend in the event of good weather.
For OTTO renters Quinn McCann, 26, and Lucy Clare Beuchert, 27, a pool wasn’t initially at the top of their must-have list. But, says McCann, “it’s a really excellent perk and definitely made it more appealing.” The pool makes up just one section of an expansive landscaped rooftop — arguably one of the best in Brooklyn — and the couple, who both work in the restaurant industry, regularly take advantage of the grills as well. “We love inviting friends over. Everyone we bring up here just look at us like, ‘Really?!’ ” McCann adds.
Hope Street Capital Debuts New Condominium Project At 98 Front Street In DU
New York City-based real estate investment group Hope Street Capital has officially launched sales for 98 Front Street, a new ten-story condominium development in DUMBO, Brooklyn. With pricing starting at $670,000, residences range from studios to four-bedroom homes with over 100 distinct layouts.
Designed by ODA, the exterior of the building reflects the design team’s penchant for cubic, zig-zagged massing and incorporates a number of playfully recessed outdoor terraces and shaded overhangs. As explained by Eran Chen, a founding principal at ODA, the goal of the design was to create an experience for future occupants in which the outdoor terraces feel more like a seamless extension of the living spaces within.
“When outdoor space functions as a room and an intermediary between parts of an apartment, like a courtyard, it is perceived as a true extension of the living space,” said Eran Chen, founding principal of ODA. “At 98 Front, we have been able to apply this concept that ultimately expands the threshold of a building—one that functions as a living envelope for its residents.”
In addition to its robust wellness component, the condominium’s amenity program also includes a communal lounge, coworking space, and a 7,000-square-foot communal rooftop terrace with BBQ stations, three separate outdoor kitchens, a bocce ball court, outdoor screening area, as well as views of the New York City skyline.
The property is on track to debut in the spring of 2020.
ODA-Designed 98 Front in DUMBO Officially Launches Sales
A singular offering in DUMBO, the celebrated Brooklyn waterfront neighborhood, 98 Front, has officially launched sales. The residences range from studios to gracious four-bedroom homes and start at just $670,000. The building had more than 750 leads following its initial announcement this Spring, showing the demand for new condominium product in one of the City’s most sought-after neighborhoods.
ODA's Cubist 98 Front Street launches sales in DUMBO, from $670,000
Today, developer Hopestreet has announced the sales launch for 165 condominiums at 98 Front Street, nestled between the Brooklyn and Manhattan bridges in DUMBO. The eye-catching, Cubist design comes courtesy of avant-garde architecture firm ODA New York. Units range from studios to four bedrooms, span 400 to over 2,000 square feet, and start at $670,000, with buyers able to put just five percent down and another five percent six months later. (This means the down payment for a studio would be just over $30,000.) The 11-story, amenity-laden property is expected to open doors in spring 2020.
For Dumbo, a Different Kind of Condo
Near the Brooklyn-Queens Expressway, a new building has smaller units priced below average for the Brooklyn neighborhood.
As 98 Front Street tops out, teaser site launches for new DUMBO condos
About a year and a half after Hopestreet bought 98 Front Street from the Jehovah’s Witnesses, the DUMBO site looks remarkably different: The new condominium has topped out at 11 stories, and its unique concrete-sculpted design by ODA Architecture is already apparent. Next to go in are the oversized, insulated, sound-attenuated windows that will fill the apartments with maximum light and minimum city noise, features that will help it toward LEED certification.
The Top 15 Luxury Rental Buildings in Long Island City
The waterfront neighborhood of Long Island City has had an incredible construction boom. There are thousands of newly constructed rental and condo units and many are in large buildings with amenities worthy of an all-inclusive Caribbean resort.
The hottest real estate trends in NYC right now
It’s hunting season. House-hunting season, that is.
New Yorkers on the prowl for a new home this fall have plenty of options to consider, thanks to a number of rental and condo developments that have recently launched (or soon will).
New Development: leasing starts at ARO, Amberly hits luxe rental market
Leasing has begun at ARO, a new 62-story, 426-unit luxury rental tower developed by Algin Management, designed by CetraRuddy Architecture, and located at 242 West 53rd Street in Midtown West.
A Home at the Center of the City: 10 of the Best Midtown Rentals
As the name would imply, Midtown is in the center of New York. It's also at the center of it all, with food, culture, entertainment, business, parks, very accessible transportation, and on and on. The one thing it doesn’t really have is a distinct residential neighborhood feel - or does it? CityRealty compiled a list of 11 midtown rental buildings (and their current special offers) that are doing their best to make Midtown more homey.
ARO Launches Leasing At 252 West 53rd Street In Midtown Manhattan
Covered from top to bottom in a sleek facade of curved glass corners, tall windows, and white paneling, ARO is a 738-foot, 62-story residential tower that has risen from the former site of the Roseland Ballroom in Midtown, Manhattan. Located at 242 West 53rd Street between Eighth and Ninth Avenues, the new structure contains nearly 450,000 square feet designed by CetraRuddy Architecture. Algin Management is the developer, and leasing is being led by Triumph Property Group, and has now commenced for the 426 available apartments.
Roseland Ballroom-replacing rental launches from $2,900/month
The Roseland Ballroom-replacing rental building designed by CetraRuddy Architects has now launched leasing, five years after the project was first announced. The 62-story building, located at 242 West 53rd Street, has a total of 426 apartments up for grabs with rents starting at $2,900/month.
New NYC apartments for rent: Fall 2018
Fall is just around the corner, which can only mean one thing: New York’s real estate market is about to pick up, and quickly.
ARO Residential Tower Gives the Former Roseland Ballroom a New Look
In a sea of iconic skyscrapers, it's a challenge to stand out in midtown Manhattan. One firm's strategy? Toss aside the rulebook completely. For its new luxury residential tower, architecture and interior design studio CetraRuddy—helmed by John Cetra, FAIA, and Nancy J. Ruddy—eschewed architectural norms of the area in favor of a slick, curved high-rise clad in a web-like white steel and glass exterior. The 62-story tower (called ARO) houses 426 residences and will begin leasing this September. The new addition to the Manhattan skyline has already amassed several design awards, including winner of the American Architecture Prize (2017), winner of the Architecture Podium International Award (2017), and winner of the SARA National Award (2015).
Next Act for Roseland Ballroom Site
Roseland Ballroom, the popular concert and dance hall on West 52nd Street, between Broadway and Eighth Avenue, saw plenty of fishnet on its dance floor through the years. Fishnet tank tops at the disco parties of the 1980s. Fishnet stockings when Lady Gaga performed at the auditorium’s final shows in 2014, shortly before the building was torn down.
Brooklyn luxury market saw 17 signed contracts last week
Brooklyn’s luxury real estate market saw 17 contracts signed last week, split between three condominiums and 14 houses.
Only Four Condos Remain at The Hendrik in Boerum Hill; See Photos of Finish
Almost exactly a year after sales launched at The Hendrik, only four units remain on the market and the façade is nearly complete. Designer Beyer Blinder Belle was inspired by Boerum Hill’s industrial past; to that end, the façade is made of Petersen brick, a Danish handmade, coal-fired brick that brings a unique tonality to the six-story building.
New York’s best new buildings
Hunting season has officially begun.
House hunting, that is.
Brokers are using virtual reality headsets to sell apartments
This spring, Amol Shah and his husband Jens Audenaert were intrigued by an Upper East Side apartment they saw online, so they did what any prospective buyers would do: They took a tour.
Shah, 33, who works in ad sales at Facebook, and Audenaert, 37, a Fortune 500 company exec, started on the street just outside the building, called Vitre.
The Hendrik Nears Completion At 509 Pacific Street, Boerum Hill, Brooklyn
The Hendrik is nearing completion, and today YIMBY has an update on the project, at 509 Pacific Street, in Boerum Hill, Brooklyn, thanks to Tectonic. The building is a large development, with 33 condominiums designed for families who love townhouses and modern amenities. Scaffolding on Atlantic Avenue and Pacific Street still remains and sheds along the sidewalk obscure vision of the entranceway and masonry along Pacific Street, as seen in the rendering, but the Beyer Blinder Belle-designed exterior is just about finished.
ODA New York 2222 Jackson Ave
One of the most enticing amenities for residents buying or renting an apartment in a big city is outdoor space, yet in far too many cases the balconies hung off of buildings are too shallow to be of much use. Such is definitely not the case with ODA's new rental apartment building at 2222 Jackson Avenue in Long Island City, Queens, where sizable terraces are provided and become the project's main architectural expression. ODA sent us some text and images about the eleven-story building.
NYC families are bringing the suburbs to the city
Stroll the 11 blocks of Manhattan’s riverfront East End Avenue, and you’ll notice a remarkable absence of city noise.
“You can open your window on Saturday morning and not hear the hum of traffic,” says Corcoran Sunshine Marketing Group sales director Nicole Siciliano-Trazzera, who lived there for six years. “You literally hear birds.”
The Hendrik, 33-Unit Mixed-Use Condominium Building, Tops Out at 509 Pacifi
ermits were filed in August 2015 to replace the Walgreens at 509 Pacific Street, in Boerum Hill, with a mixed-use condominium building. That building, dubbed The Hendrik, topped out recently.
5 NYC APARTMENTS THAT ARE PERFECT FOR PET OWNERS
This duplex home, designed by respected architecture firm Beyer Blinder Belle, provides plenty of room for you, your pet, and much more. If your pup wants a makeover or even more space to stretch out, there’s an easily accessible pet spa in the building. $4 million; contact The Hendrik Sales Office, 718-878-1767
The 10 most valuable Brooklyn condo filings accepted in 2016
A converted Williamsburg warehouse that was once the base of operations for a prominent bourbon distributor was the priciest condominium filing approved by the New York Attorney General’s Office in 2016.
The Hendrik Rises At 509 Pacific Street In Boerum Hill
The blocks near the Barclays Center are filled with new construction, from townhouses to skyscrapers. Today, construction chronicler Tectonic brings YIMBY an update on The Hendrik, a modestly sized, brick-clad condo project that’s taking shape at the corner of Third Avenue and Pacific Street in Boerum Hill.
Want to sell a luxury condo? Try using wood made by monks
With fewer and fewer buyers willing to fork out tens of millions for New York apartments, developers are searching the world over for materials no one else has.
Developers Scour the Earth for Rare Condo Finishes
To woo a limited pool of luxury homebuyers, it takes hardwood sourced by Benedictine monks and brick found only in one region of Denmark.
These Are the Luxe New Developments Coming to Brooklyn
Has Brooklyn peaked? Not by a long shot, judging by the influx of high-end residential development. “In general, what’s coming on the market now is a more sophisticated product,” Brendan Aguayo, the managing director at Halstead Property Development Marketing, told the Observer. “It’s trying to introduce a higher caliber product, and these new units are a bit larger than what’s typically found in the Brooklyn market.”
A Townhouse Alternative in Boerum Hill
The Hendrik, a new condominium under construction in Boerum Hill, Brooklyn, aims to blend the space and character of the neighborhood’s coveted townhouses with the amenities of a new residential tower.
New Developer Taking Over 19-Unit Project At 906 Prospect Place, Crown Heig
In January, the Landmarks Preservation Commission approved plans for a new apartment building at 906 Prospect Place, between New York Avenue and Brooklyn Avenue in Brooklyn’s Crown Heights North Historic District II. That plan is going forward, but with a new developer.
New developments battle brownstones in Boerum Hill
Don’t call it Boring Hill.
Boerum Hill, a quaint enclave long known for its stately stock of brownstones, will see a batch of larger structures arrive — activity that is a strong sign of a neighborhood in flux.
Be the first person to live in this brand new Hunters Point two-bedroom
Ah, the joys of being the first person to live in an apartment! Especially when you don't have to shell out millions of dollars to do it, and don't have to pay a fee. In fact, we can't get over how reasonably priced this $3,853 two-bedroom is, seeing as it's right across from PS1 in Long Island City (that rent is net effective, btw).
Tenants Snatch Up ODA New York's Long Island City Rentals
Several rentals are already in contract at ODA New York's Long Island City building just two weeks after leasing launched in the building. Of the 25 units listed on StreetEasy, 11 have already gone into contract. The Court Square Blog was the first to report on the building's rental offering.
Units In Artsy Building Are Now Available For Rent
Apartments in the box-style building located across the street from MoMA PS 1 are now available, with monthly rents ranging from $2,200 to $6,500 per month.
The 175-unit, 11-story building is called 2222 Jackson and consists of studio to three-bedroom apartments.
The building has been described by its designer as blurring the line “between functional design and a work of art.”
22-22 Jackson, Designed by ODA New York, Begins Leasing in Long Island City
2222 Jackson, an 11-story, 175-unit rental building designed by prolific architecture firm ODA New York, has begun leasing for its studio through three-bedroom apartments.
“The intent with 2222 Jackson was to marry excellent design and condo-quality features, finishes and amenities in a building that celebrates functional design and its surrounding artistic neighborhood,” said Sha Dinour, principal and partner in Triumph Property Group, which is handling the marketing and leasing for 2222 Jackson.
New York’s 44 best new places to live right now
Put some spring in your step!
If you’re on the market to buy or rent a brand-new apartment this season, you’re in luck.
A flurry of spiffy condo, co-op and rental developments are set to launch this spring — and not just in Manhattan. Whether you’re looking in Brooklyn, Queens or Staten Island, there are solid new real-estate offerings in every borough.
Partial Reveal Of Six-Story, 33-Unit Mixed-Use Project At 509 Pacific Stree
Back in August of 2015, YIMBY reported on applications for the six-story, 29-unit mixed-use building at 509 Pacific Street, in Boerum Hill. Now, Curbed NY has updated details on the project, as well as the first partial renderings revealing the structure’s exterior. The 114,812-square-foot building, dubbed the Hendrik, will actually feature 33 residential units, averaging 1,680 square feet apiece. The apartments will be condominiums, ranging from two- to four-bedroom configurations. Per the Schedule A, amenities will include a fitness center and a 12,725-square-foot parking garage in the sub-cellar. There will also be 16,293 square feet of retail space across the ground and cellar levels. Hopestreet and AEW Capital Management are the developers, with Beyer Blinder Belle behind the design. The site’s old Walgreens store was demolished in 2015 and completion of the new structure is expected in 2017.
First Look at the Hendrik, Beyer Blinder Belle's New Boerum Hill Condos
More and more condos keep coming to Boerum Hill, with the Hendrik, a new development by Hopestreet, the latest to join other projects like The Boerum, The Nevins, and Morris Adjmi's 465 Pacific Street. The latest one will rise on the site of a former Walgreen's drugstore, which was demolished in 2015. And like those other developments, condos at the Hendrik won't come cheap—apartments are due to start at $1.5 million and rise from there. The building will be designed by Beyer Blinder Belle (known for projects like the Whitney Townhouses and Downtown Brooklyn's Belltell Lofts), and will feature amenities like a lot of green space—there will be courtyards and terraces aplenty. Sales for its 33 two- to four-bedroom condos are set to launch sometime in the next few months, and the building should be completed by 2017.
Note to Queens, the Bronx and Staten Island: These new developments and con
Developers are transforming the architectural landscape of the entire city, resculpting its skyline. But while some boroughs may be more headline-grabbing than others, there's no denying that interesting and possibly more affordable residential projects with enticing amenities are cropping up everywhere. Our round-up continues with new construction and conversions all over the increasingly buzzy Queens and the Bronx, as well as Staten Island.
Check out the new developments and conversions changing Brooklyn right now
Many would argue that Brooklyn has been the borough of choice, real estate-wise, for the past several years. And Brooklyn love doesn't seem to be waning, at least for developers, many of whom have come in droves claiming empty lots, warehouses, and buildings and turning them into blockbuster properties. Here is a selection of new condo and rental developments and conversions coming to a Brooklyn corner soon:
First Look Inside ODA New York's Luxe Long Island City Rentals
ODA New York's cantilevering building rising in Long Island City is hitting the rental market this spring (along with dozens of other developments), but looks into the new building have been limited—until now. The Post got a peek at new renderings of the 175-rental building's interiors, the first put on display. The studios to three-bedrooms of 2222 Jackson will hit the market in April asking from $2,600. Tenants can expect the luxe rental to have the amenities du jour: an attended, triple-height lobby; valet parking; a resident roof deck; and, via a membership, access to the building's gym, pool, and resident's lounge.
Here’s a new reason to move to Queens
There’s a new kid on the block — and The Post has an exclusive first look inside. Leasing launches in April at 2222 Jackson, which rises 11 stories above Long Island City with an ultra-mod design by renowned firm ODA Architecture.
Five-Story Building Approved in Crown Heights Historic District
Developers hoping to replace an empty lot and dilapidated garage with a five-story residential building in the Crown Heights historic district got permission from the city to move forward with the project this week.
New Apartment Building Nears Landmarks Approval At 906 Prospect Place, Crow
Prospect Place between New York and Brooklyn Avenues is set to receive a new apartment building, but not before at least one more meeting of the Landmarks Preservation Commission. At its session last Tuesday, the LPC did not approve the proposed four-story plus penthouse structure at 906 Prospect Place. That’s in the Crown Heights North Historic District II. At issue were certain details and articulation along with the height of rooftop mechanical elements.
Permits Filed: 906 Prospect Place, Crown Heights
Last fall, Brownstoner reported that developer Jeffrey Gershon had picked up a fairly large lot at 906 Prospect Place in Crown Heights for $3,500,000. Now he’s filed a new building application to erect a five-story condo building on the plot between New York and Brooklyn Avenues.
New Look: 22-24 Jackson Avenue, 5Pointz Redevelopment
Construction will begin in three to five months on the twin rental towers at 22-44 Jackson Avenue, popularly known as the old 5Pointz site, as YIMBY reported last week.
But before it does, YIMBY got a new set of renderings for the project, which shed significantly more light on the development compared to the lone image that’s been released.
Williamsburg's Much Anticipated Hope Street Warehouse Conversion Opens For
After much anticipation, developer Jeffery Gershon unveils the old Williamsburg warehouse at 55 Hope Street as a 117-unit rental conversion. Gershon recently completed a successful ground up rental building at 360 Smith Street http://www.360smithstreet.com in Carroll Gardens, Brooklyn.