New developments are underway in NYC, including a development that is geared specifically toward art aficionados along with some exciting changes coming to the city via Google as the company moves to further expand its NYC footprint. Here is a look at some of the latest news on these developments.
Midtown Tower Geared Toward Art Collectors
A Midtown condo project located at 100 East 53rd Street offers more than just a place to call home. Developed by Aby Rosen, who has a well-documented interest in modern art, the new development is also offering features that are specifically geared toward art collectors. Not only do the apartments offer space that is meant to assist with displaying art, but the units are also equipped with floor-to-ceiling Starphire UV-coated windows and 10-foot ceilings with integrated reveals to allow for custom lighting.
All of the apartments within the development are to be located on the first five floors, with a new sales gallery being located in one of the lofts. The development also features an art gallery outfitted with art from Rosen’s personal collection. Other amenities include a 24-hour-attended residential lobby, an east-facing swimming pool, a library lounge and a wellness center featuring a steam room, spa facilities and a sauna. Public amenities located on the first two floors include a gourmet marketplace and a fine dining restaurant by acclaimed French Chef Joel Robuchon.
Designed by Foster + Partners, the 15 loft-like apartments range in price from $2.45 million for a 1,140-square-foot one-bedroom unit to $9.3 million for a 4,607-square-foot two-bedroom unit. All of the units within the development offer either a one- or two-bedroom configuration and an open floorplan.
Pier 57 to Get a New Look
Just days after news broke that Google was buying the Chelsea Market building, the company released its plans for the expansion of Pier 57. Google had previously agreed to lease 250,000 square feet at the development, but is now making plans to add 70,000 square feet of offices and 50,000 square feet of community-based functions to the area. Among the plans is the development of public outdoor space, cultural events and educational programs. The company is also reportedly looking to add a ferry landing at the site, but still needs to gain approval from the Hudson River Park Trust for the planned changed.
As part of the development process, Bourdain Market is no longer at the site. As such, the food hall size will shrink from 140,000 square feet to 40,000 square feet. 20,000 square feet of retail and restaurant space will be added to the group floor, however, along with the addition of a new rooftop restaurant. Construction on the project, which is being developed by RXR Realty and YoungWoo & Associateds, is expected to be completed sometime by the end of next year.
The deal for Google’s acquisition of the Chelsea Market building is expected to close in April for $2.4 billion. This will make the transaction the second most expensive single-building sale in New York History, with the most expensive deal being the 2008 purchase of the GM building for $2.8 billion.