New York City’s newest CitizenM hotel, located at 185 Bowery on the Lower East Side, has wrapped up construction and is open to the public. The hotel, which rises 19-stories and 224’, is now the tallest modular hotel in the United States and in the world.
Read MoreLeasing Now Underway At LeFrak's Revetment House in Jersey City
The LeFrak Organization has announced the official launch of leasing at Revetment House, a new luxury rental development in Jersey City’s Hamilton Park neighborhood. The project brings 163 new rental residences and an extensive amenity package while paying homage to the historic Hamilton Park neighborhood with an industrial-chic aesthetic.
Read MorePenthouse at Quay Tower Shatters Brooklyn's Priciest Sale In History At Over $20 Million
The penthouse at Quay Tower, new high-design condominium on the Brooklyn Heights waterfront, has just gone into contract for over $20 million, shattering the previous record of $16.645 million for Matt Damon’s Brooklyn Heights condo at the Standish.
Read MoreCheck Out Asbury Ocean Club Which Is Brining Luxury Condo Living To The Jersey Shore
iStar has revealed Asbury Ocean Club as the luxury condo offering as part of their $300 million transformation of Asbury Park, New Jersey. Asbury Ocean Club will be the highest-end offering as part of the mega-project and will rise 17-stories featuring 130 condos along with a 54-room hotel.
Read MoreVornado Realty Trust Reveals Richard Rogers-Redesigned 260 Eleventh Avenue
Vornado Realty Trust has revealed their plans to redevelop 260 Eleventh Avenue, a commercial project redesigned by British architect Richard Rogers. The building was originally built in 1911 and currently stands 235,000 SF, though it will be expanded during the renovation.
Read MoreThe Amberly In Downtown Brooklyn Reveals BHDM-Designed Model Residence & Launches Sales
The Amberly has officially announced the start of leasing of its luxury rentals and unveiled its first model residences designed by top firm BHDM. The Amberly is located at 120 Nassau Street at the nexus of Brooklyn Heights, DUMBO and Downtown Brooklyn and will offer 270 homes ranging from studios to three-bedroom residences, with select units offering private outdoor space.
Read MoreExtell Development Reveals 1010 Park Avenue With Launch Of Sales On Upper East Side
Extell Development Company announced today the debut of 1010 Park Avenue, its exclusive Upper East Side boutique condominium development. Located on Manhattan’s prestigious Park Avenue between 84th and 85th Streets, the building offers 11 expansive, full-floor and duplex residences and a suite of luxurious amenities.
Read MoreTamarkin Co. Launches Sales At 555 West End Avenue As The Landmarked School Is Converted To Condos
Tamarkin Co., in partnership with CL Investment Group, has officially launched sales at 555 West End Avenue, on the Upper West Side. 555 West End Avenue is converted from a landmarked private school with a striking, brick and limestone façade, featuring 13 one-of-a-kind contemporary residences.
Read MoreThe Port Authority Approves Additions To $10 Billion JFK International Airport Revamp
The Port Authority has approved $335 million of additions to the $10 billion JFK International Airport revamp. The changes include a rehabbing one of the busiest runways, Runway 13L and 13R, as well as adding a new taxiway for planes to help alleviate runway congestion.
Read MoreExtell Development Company Launches Leasing At Barnegat 67 In Barnegat, NJ
The New York-based Extell Development Company has announced that residential leasing has commenced at Barnegat 67, its new residential and retail complex in historic Barnegat, New Jersey after the developer hosted a ribbon cutting ceremony on September 20th.
Read MoreCheck Out This Time-Lapse of Waterline Square Rising On The Hudson River
Waterline Square, the multibillion-dollar mega-development by GID Development Group on the Upper West Side, has released a construction time-lapse showing the mega-project powering towards completion.
Read MoreNew York City’s Plans to Build Four New Jails Met with Protests
As part of the movement to reform its criminal justice system, New York City wants to open four, borough-based jails to achieve its long term goal of closing the notoriously violent and dysfunctional Rikers Island.
Residents of Lower Manhattan convened last week at a town hall style meeting, where city officials attempted to justify the proposal, often without being able to finish a sentence. They touted the new plan, arguing that it would bring inmates closer to their families and the courthouses, improving their chances of successful re-entry after release. Other services such as mental health programs, education, and rehab facilities would also be more accessible.
One of the proposed 40-story jails would replace a current government building at 80 Centre Street in Chinatown and would include a ground floor of retail space. The city’s goal is to reduce the current number of incarcerated persons from 9,000 to 5,000.
"They should reform the jail system. Not move it down to our community,” said Mary Wu, a resident of Chinatown. "If they want to be close to their relatives to visit, move it to their community.” She thinks the area would benefit from senior and affordable housing instead of a jail.
Although the intention to close the 86-year-old prison complex is good, expanding the criminal justice footprint by opening other prisons doesn’t seem to address the problems that Rikers had: correctional misconduct, bail, and bad policing. Aside from better lighting and slightly smaller size, the city has failed to address how the prisons will be safer for both inmates and correctional officers.
Brandon Holmes, coordinator of advocacy group Close Rikers Campaign, points out that “the city would also need to undertake a dramatic overhaul of its criminal justice system, enacting radical changes such as ending bail bonds, cutting back on detention for low level offenses, and reevaluating pretrial detention as a whole,” in order to hit the target goal and to avoid overcrowding when and if Rikers is closed.
Article by: Katya Demina
KRE Group Celebrates Grand Opening of 485 Marin in Jersey City
KRE Group announced the grand opening of 485 Marin Boulevard, the newest and largest 18-story rental building in Jersey City’s idyllic Hamilton Park neighborhood. Situated at the front door to Hamilton Park, a residential destination known for its tree-lined streets and rows of Victorian brownstones, the new building brings 397 apartments to the area, which are 70% leased.
485 Marin is KRE Group’s latest collaboration with the architectural firm Hollwich Kushner and interior designer Christopher Stevens. Marchetto Higgins Stieve Architects is the architect of record. KRE Group also debuted a new public park located directly behind 485 Marin, providing abundant green space for residents and their neighbors to enjoy. Designed by Melillo & Bauer Associates and named Marin Green, the park spans more than an acre and includes a grassy lawn, café-style seating and a children’s play area, along with a dog park.
To celebrate the grand opening of 485 Marin, a ceremonial ribbon cutting was held September 13, 2018, which was attended by Jersey City Mayor Steven Fulop. “This is a unique rental development that will be home to Jersey City’s newest public park, Marin Green,” said Mayor Fulop. “We continue to strive to meet the needs of Jersey City’s neighborhoods by working with developers to offer various options for new and current residents as we look to improve communities with new amenities such as parks, retail space and affordable housing.”
Apartments start on the fifth floor and range from spacious studios to three-bedroom residences, with many offering private terraces. Interior designer Christopher Stevens, who has styled private homes across the East Coast, crafted the interiors of the residences, which feature open floor plans, rustic oak-style wood flooring, and large picture windows that overlook the surrounding neighborhood.
Kitchens are outfitted with white quartz stone countertops, high-gloss grey cabinets, Grohe fixtures and a complete package of Whirlpool appliances. Bathrooms feature quartz countertops, brushed-nickel Kohler fixtures and tiled floors. Additionally, all residences include laundry closets with Whirlpool washer/dryer sets.
To further enhance the residential experience, 485 Marin offers an outstanding amenity and service package. In addition to a state-of-the-art fitness center, private dining room, screening room, and attended lobby, the building features a 5th-floor lounge that opens onto an amenity deck with a swimming pool, sunbathing areas, grilling stations and outdoor showers.
Additionally, 485 Marin is the first and only building in Hamilton Park to offer its residents access to the app-based service Hello Alfred, a platform that combines sophisticated software with highly trained “Alfred” Home Managers to handle an extensive suite of services, including digital move-in coordination, errand assistance, in-home package delivery and more. KRE Group is the exclusive provider of Hello Alfred in Jersey City.
The Marketing Directors is the exclusive leasing and marketing agent for 485 Marin. Pricing for available residences begins at $2,435 for a studio (net effective rent based on one month free with a 13-month lease).
Article by: Katya Demina
HFZ Capital Officially Launches Sales At The Bjarke Ingels-Designed XI
The XI, HFZ Capital Group's full-block, mixed-use development between the High Line and the Hudson River in West Chelsea designed by Bjarke Ingels, has officially launched sales with pricing starting at $2.85 million. The developers have also launched a website at www.thexi.com.
Read MoreThe SHoP-Designed Billionaires' Row Condo 111 West 57th Street Launches Sales
111 West 57th Street, JDS, Property Markets Group (PMG) and Spruce Capital's skinny SHoP Architects-designed supertall which is now rising on Billionaires' Row, has officially launched sales. Sales and marketing are being exclusively overseen by Douglas Elliman Development Marketing.
Read MoreHenri Bendel To Close It’s Doors After 123 Years Following Holiday Season
L Brands, the parent company which owns retail icon Henri Bendel, has announced that they will be closing all 23 locations after 123 years. The closings will take place following the 2019 holiday shopping season, giving nostalgic shoppers a last chance to make their purchases from the iconic retailer. The Henri Bendel closing will leave the 86,000 SF 712 Fifth Avenue, which is owned by the Paramount Group, vacant. The lease carries $6.5 million in annual rent commitments and runs through February 28, 2021. L Brands has decided to focus on their larger holdings which include Victoria’s Secret and Bath & Body Works. They initially purchased the retailer in 1985 before expanding to 11 states.
308 N 7th Street Launches Sales In Williamsburg Featuring Paris Forino-Designed Interiors
308 N 7th Street, a new luxury condominium in the heart of Williamsburg, has officially launched sales. The boutique condominium is inspired by historic Williamsburg and offers residents a 15-year 421-A tax abatement.
Read MoreSlate Property Group Reveals Hill West Architects-Designed Tower At 570 Fulton Street In Downtown Brooklyn
Slate Property Group has revealed a Hill West Architects-designed 40-story tower at 570 Fulton Street in Downtown Brooklyn. Slate Property Group has proposed to amend zoning and is currently awaiting approvals.
Read MoreCetraRuddy Architecture-Designed 20 Broad Street Launches Leasing In FiDi
20 Broad Street, which was developed by Metro Loft Development, has launched leasing in Manhattan's Financial District. The unique project was designed by CetraRuddy Architecture and included converting as well as expanding the former New York Stock Exchange Headquarters.
Read More445 Launches Residential Leasing In Hudson Yards
445, a new residential rental building located at 445 W 35th Street, at the intersection of New York City’s Hudson Yards and Chelsea neighborhoods, has officially launched leasing of residential units.
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