Neiman Marcus Downsizing Their Future Flagship Store in Related Companies' Hudson Yards

Neiman Marcus has announced that they are going to downsize their future flagship store at Related Companies' Hudson Yards. The retailer had originally planned on building out 250,000 SF as the anchor store for the 1 million SF complex. It now is reported that Neiman Marcus is looking at cutting out between 10,000 and 70,000 SF from their original plan. The retailer has reported 7 consecutive quarters of declining sales and has been struggling with matching online competition and decreased foot traffic in malls. Earlier this year it was reported that Related Companies and Neiman Marcus were discussing Related Companies taking an ownership stake in the retailer, which is owned by Private Equity firms Ares Management and Canada Pension Plan Investment Board. Neiman Marcus also owns Bergdorf Goodman. Hudson Yards is 70% leased and is expected to be completed in 2019. 

The Studio C Architects-Designed 100 East Broadway Reveals New Office Condominiums

A new office development is coming to Chinatown in the form of 100 East Broadway, under development by Shing Wah Yeung of Yeung Real Estate. The office condominium project is designed by Studio C Architects and will rise 14 stories, 180', and feature 63,732 SF of usable space inside. The usable space breaks down to 58,830 SF of commercial space and 4,902 SF of community facility space. 100 East Broadway will feature ground floor retail along with restaurant space on the 2nd and 3rd floors and medical offices on the 4th. Floors 5-14 will consist of office condominiums. 

Extell Unveils Model Residences Designed by Jonathan Adler at 70 Charlton in West Soho

Extell has unveiled the latest model residence designed by Jonathan Adler at the newly completed 70 Charlton in West Soho. Residence 17E is a 4 bedroom 4.5 bathroom home with nearly 2,300 SF of living space. It opens to a gracious entry foyer that leads to a north-facing living/dining room with Empire State Building and river views. The open gourmet kitchen features a breakfast bar, Caesarstone Blizzard slab countertops, and Miele and Sub-Zero appliances. The master bedroom suite has a large walk-in closet and en suite bathroom. All bedrooms in the home feature en suite bathrooms. 

70 Charlton is a new luxury residence designed by Beyer Blinder Belle in West Soho that features 92 luxury residences with modern interior design by Workshop/APD. The development is located in the newly rezoned Hudson Square. Amenities include a 24-hour doorman/concierge, landscaped courtyard with green wall and birch tree arbor, staggered boxwood garden, water feature, and integrated seating; outdoor sports court, residents’ lounge with catering kitchen, fully-equipped private fitness center, 60’ indoor salt-water swimming pool and spa including steam room.

Featured Listing: Once The Most Expensive Listing in NYC, This 834 Fifth Avenue Co-Op Has Relisted With a $20 Million Price Chop

834 Fifth Avenue Unit 7-8A was once the priciest listing in New York City, asking $120 million, before slashing the price to $96 million. Now, the unit is back on the market (listed 9/13/17) for a cool $76 Million. The unit is over 12,000 SF and features 20 rooms including a library, a walk-in safe, chauffeur's room, walk-in wine cellar, formal dining room, and a large master suite complete with a sitting room with a fireplace. The residence also features incredible detail including beautiful hardwood flooring, high ceilings, class original moldings, grand staircase, 2 fireplaces, and a stunning marble and mirror bathroom. The limestone clad 834 Fifth Avenue was built in 1931 and designed by Rosario Candela. The building rises 14-stories and features the highest levels of security, privacy and service. 834 Fifth Avenue is currently listed for $76 million with John Burger and Richard Ziegelasch of Brown Harris Stevens and Larry Kaiser of Berkshire Hathaway HomeServices New York Properties.

The SOM-designed 252 East 57th Street On Billionaire's Row Reaches 70% Sold

World Wide Group and Rose Associates announced today that 252 East 57th Street, the SOM-designed ultra-luxury tower anchoring the eastern corridor of Billionaires Row, is now 70% sold. The developers are reporting that the summer saw $73,750,000 in contracts signed at the tower. In August alone, 4 units listed above $10 million were signed at the 65-story condominium. Several of the recent contracts signed at the building were for 4 and 5-bedroom tower residences above the 55th floor. The building’s highly anticipated full-floor penthouse and 4,500 SF duplex on the 59th floor will be released this fall. Remaining residences at 252 East 57th Street range from 1,928 SF to 4,600 SF, and current availability begins at $3.995 million. Stribling Marketing Associates is the exclusive marketing and sales agent for 252 East 57th Street condominiums.

“We’ve experienced a significant amount of activity since welcoming our first residents to 252,” said Jim Stanton, President of World Wide Group. “The building’s continued success is a testament to its outstanding design and development from a team of world-class talent, enhanced by an unrivaled list of luxury amenities and services.”  

“The recent success is not a surprise,” said Steven Rutter, Director of Stribling Marketing Associates. “Now that closings have begun and customers are able to visit the finished product, they are able to see that 252 was designed for a sophisticated audience that expects nothing less than the finest quality. We are delighted with the response from purchasers that recognize the great level of care and attention to detail that went into every aspect of the building.”

252 East 57th Street features interiors and amenities by AD100 designer Daniel Romualdez. The tower recently unveiled its exclusive 34th Floor Club and ameities designed and outfitted by Romualdez. The full-floor private amenity space is grandly scaled and features a beautifully decorated resident lounge, curated library, fitness center, dining room with catering kitchen, a breakfast and meeting room, billiards room, screening room, two fully furnished guest suites, as well as a sprawling 70' south-facing sky terrace. One of 252’s defining features is the 3,000 SF, private and gated interior porte-cochère. Now complete, condominium residents arriving by car can access the building on 56th Street through the highly secure motor entrance into a walnut paneled lobby, while their vehicles are transported into the largest residents-only automated parking garage in New York City. 252 also offers a luxurious pool and spa experience with a 75' swimming pool and custom hydrotherapy circuit spa featuring a sauna, steam room, treatment and ice rooms. Additional premier building amenities include a children’s playroom, dog grooming and playroom, as well as bespoke concierge services provided by Luxury Attaché.

Construction Update: 242 Broome Designed by SHoP Architects Gets a Shimmery Facade As it Twists Skyward

242 Broome, the first condominium within Essex Crossing, one of the most significant urban renewals projects in the history of New York City, has now officially completed their façade. Designed by SHoP Architects, the acclaimed firm behind Barclays Center in Brooklyn, the 14-story building features a champagne-colored of anodized aluminum, with bends and angles in the metal that resemble the iconic fire escapes of the neighboring tenement buildings. Starting at the  5th floor, the building “twists” slightly westward, allowing for dramatic views, natural light and maximum privacy.

242 Broome features 55 luxury residences, as well as a collection of modern amenities including a landscaped rooftop with sweeping skyline views. The development is part of Essex Crossing, a planned mixed-use development comprising residential, office, retail, cultural and community space. The $1 billion project includes nine sites on six acres across the Seward Park Urban Renewal Area, an area that has sat mostly vacant since 1967. Photos via QuallsBenson. 

Featured Listing: Step Inside a Trendy Beaux-Arts Loft in Chelsea's 213 West 23rd Street

Located at 213 West 23rd Street in the heart of Chelsea, a Beau-Arts styled luxury loft with industrial vibes is asking $12.95 million. Unit 8N features 4 bedrooms and 3.5 bathrooms spread over 7,000 SF and 2 floors with double height ceilings reaching up to 30' at points and exposed steel beams. The residence was designed by Annabelle Selldorf and Jeffrey Beers and also features a 6-seat marble island, living room with wood burning fireplace, home office, secondary living room, and a luxurious master-suite which comes complete with another wood-burning fireplace and a soak-in tub. 213 West 23rd Street was formerly the Y.M.C.A. McBurney Branch, which was frequented by Andy Warhol and Al Pacino amongst others. 213 West 23rd St 8N is currently listed for $12,950,000 with Emily Beare and Jessica Chestler of CORE NYC.

Featured Listing: Take an Exclusive Tour of the Fifth Avenue Penthouse in Olympic Tower Asking $16,995,000

A stunningly designed Fifth Avenue penthouse at the luxurious Olympic Tower is currently listed for $16,995,000. The building was designed by Skidmore, Owens and Merrill and was financed by Aristotle Onassis. Located on the 50th and 51st floors, the residence's floor plan features 4 bedrooms and 4.5 bathrooms spread over 4,187 SF. The unit also offers stunning views of Central Park via floor-to-ceiling glass oversized windows, a private elevator, Crestron home automation system, 11' 9" ceilings, a meticulously designed dining room, butler's pantry, a library with a wood burning fireplace, staff quarters, and a lavish master-suite with an en-suite spa style master bathroom with a sauna and massage table. Olympic Tower's five-star amenities and services include 24-hour doorman, concierge, elevators, valet service, gym, and bike room. 641 Fifth Avenue PH1 is currently listed for $16,995,000 with Dina Scheinman of Halstead.

Tour A Lavish, Alan Tanksley Designed Residence in Woolworth Tower Residences

The Woolworth Tower Residences is a luxurious condo conversion of the 29-58 floors of the iconic Woolworth Building, originally designed by Cass Gilbert in 1913 as a commission from retail magnate F. W. Woolworth. The building was officially inaugurated on April 24, 1913, when President Woodrow Wilson flipped a switch in the White House to illuminate what was then the world’s tallest building. The tower was once the tallest building in the world and referred to as a “Cathedral in the sky." The condo conversion was developed by Alchemy Properties and features 33 luxury condominiums with a private entrance at 2 Park Place. Units range from 1 bedroom units which start at $4.575 million to full-floor residences at $26.4 million. Enjoy the tour of unit 38A, a 3 bedroom residence designed by Alan Taksley which is asking $10.2 million. Woolworth Tower Residences will be ready for occupancy later this year (2017).

Construction Update: The Renzo Piano Designed 565 Broome Street Reaches Halfway & Begins to Transform the Soho Skyline

The Renzo Piano-designed 565 Broome, which is under development by Bizzi & Partners Development and Aronov Development, in partnership with Halpern Real Estate Ventures and Cindat Capital Management in Soho; is now halfway to the top of the dual-tower, 30-story project. 565 Broome will feature 115 apartments priced from $1 million to over $20 million and range in size from studios to full-floor, 4 bedroom penthouses. Current availability starts at $3.7 million for a 2-bedroom, 2 bathroom unit and ranges up to $14.5 million for a 3 bedroom, 3 bathroom unit. Units will feature private pools, large terraces, white oak floors and cabinetry, and master bathrooms with marble accents throughout, heated floors and soak-in tubs. Amenities include a state of the art fitness center, spa with steam room and sauna, lounge, terrace and a 55' lap pool. Douglas Elliman is the exclusive sales and marketing agency for the project. Construction is expected to be completed in 2018.

New Renderings Unveiled of The Luxurious, Rafael Viñoly-Designed 277 Fifth Avenue

New renderings have been unveiled of 277 Fifth Avenue, the Rafael Viñoly Architects designed condo tower under development by Victor Group and Lendlease. The interiors are by acclaimed interior-architect Jeffrey Beers International. The 55-story building will feature 130 condos which range from an 828 SF 1-bedroom unit up to 4,250 SF 4-bedroom unit. There will be 4 condos per floor in the exclusive building and pricing will start around $2 million. Amenities include a full-time doorman, fitness center, men's and women's spas, terrace that overlooks Fifth Avenue, library, game room, entertainment suite, and separate dining room among others. Completion is expected in 2018.

LeFrak Unveils Trendy Murray Hill Luxury Rental Residences

LeFrak has unveiled some photos of the trendy model units at their new Murray Hill Marquis, which offers 260 luxury rental residences in the Murray Hill neighborhood. The model units include a north-facing 1-bedroom, a south-east facing studio and a north-facing studio. The Murray Hill Marquis is a luxury rental conversion of a former boutique hotel. The building rises 37-stories and is located at 150 East 34th Street. The no-fee rentals come in studio and 1-bedroom floorplans, and the units are completely renovated with large windows, open floor plans, modern upgrades and appliances; along with stunning river and city views including of the Chrysler Building. Current availability begins at $2,575 for studios, and one month free is being offered on select units. 

Featured Listing: Fifth Avenue Pad With Views of Metropolitan Museum of Art Asks $13.499 Million

A stunning Fifth Avenue pre-war, co-op in the Stanhope Building is seeking $13.499 million. The unit spans 4,357 SF and features 5 bedrooms and 4.5 bathrooms with 8 rooms total. The meticulously designed co-op features tons of woodwork and interior design by famed Brazilian architect Arthur Casas. It also features herringbone wood floors, beam and Coffered Panel Ceilings, semi-private elevator, Lutron lighting, motorized shades, eat-in kitchen, and views of Fifth Avenue, the Metropolitan Museum of Art and partial views of Central Park. The Stanhope Building was built in 1926 and was designed by Rosario Candela. 995 Fifth Avenue #7 South is currently listed for $13.499 million with Marcos G. Cohen of Douglas Elliman. 

KUB's Soho Ground-Up Project, 150 Wooster, Unveils New Photos, Pricing & Teaser Site

KUB has released new photos, pricing and a teaser website of their ground-up development, 150 Wooster. The scaffolding has come down at the project at one of the last remaining lots in Soho’s Cast-Iron Historic District. Construction is expected to wrap up in the near future with sales slated to launch this fall. Preliminary construction plans for the site were previously filed by another developer who was met with strong opposition from the community. In 2014, KUB purchased the lot and submitted new design plans the following year that received the seal of approval from the Landmarks Preservation Commission, and a thumbs up from neighborhood residents. The building, developed and designed entirely in-house by KUB and features a contemporary masonry façade made of handcrafted brick from Denmark, limestone piers, and metal detailing. A steel cornice provides a modern interpretation of the area’s classic cast-iron architecture. 150 Wooster features 6 expansive full-floor lofts, including one duplex penthouse. The full-floor lofts will start at approximately $12,950,000. Emily Beare of CORE is leading sales and marketing for 150 Wooster.