Exploring NYC’s Newest Residential Developments

Exploring NYC’s Newest Residential Developments

A number of residential developments are underway in NYC, with some nearing completion and others just getting started. Here is a look at just a few.

Isay Weinfield Condo Tops Out

Comprised of two interconnected 11-story residential buildings, Isay Weinfield’s first New York City residential building has topped out. Located adjacent to the High Line, the development features a two towers connected by multi-tiered landscaped gardens. The north tower, which fronts on West 28th Street, is called Jardim Norte and features 29 apartments. The south tower, Jardim Sul, faces West 27th Street and boasts just seven apartments. Sales on the condo began in January 2016 with prices starting at under $2 million.

Skyline Developers Luxury Rental Tops Out

Located less than a block from Bryant Park, a slender, luxury rental tower being developed by Skyline Developers has topped out. Known as ML House, the 24-story building will bring 62 apartments to Midtown. Units available will include a mix of studios, one-, two- and three-bedroom layouts.

The Gene-Kaufman-designed project was originally announced last summer after the developer secured the $26 million investment needed to begin the project. Located at 1050 Avenue of the Americas, the building features units boasting large windows and many with private outdoor space. The penthouse will also include a private rooftop terrace, while building amenities will include a residents’ lounge, a fitness center and a second floor terrace.

Leasing for the apartments is expected to begin next summer, with the project expected to be completed shortly after that.

Former Jehovah’s Witnesses Site May Bring Mixed-Use Building

As the Jehovah’s Witnesses continue to make their move to upstate New York, the group has sold another of its Brooklyn properties. Located at 74 Adams Street in Dumbo, the single-story repair garage was reportedly purchased by developer Jeffrey Gershon of Hope Street Capital. Gershon has since filed plans to demolish the building, but has not yet specified what will be built in its place. What is known is that the site is zned for a 145,000-square-foot mixed-use development. As such, Gershon could choose to create apartments, retail space, office space or any combination of the three.

This recent transaction follows a $200 million sale in which the Jehovah’s Witnesses sold their Witnesses’ Towers. The property is being converted into a luxury senior home.

Plans for Brooklyn Heights Condo Revealed

Silverback Development has announced plans to convert a former Jehovah’s Witnesses building into a condo. Located at 67 Livingston Street, the slender, 29-story tower will be designed by CetraRuddy and offer just 22 apartments. 21 of these units will be full-floor units, while one of them will be a duplex penthouse. Apartments within the building will range in size from 1,700 square feet to 3,400 square feet with two-, three- and four-bedroom units available. All of the apartments will enjoy direct elevator access as well as outdoor space. Many will also boast views of the Manhattan and Brooklyn Bridges along with the East River.

Apartments within the condo will range in cost from $2 million to $3 million, Construction is expected to be complete in the summer of 2018, at which time the building will briefly be the tallest in Brooklyn Heights until it is overtaken by the 34-story condo replacing Brooklyn Heights library.