Real Estate Weekly

NEW DEVELOPMENT: HFZ Begins Closings At 11 Beach; Leasing Underway At LIC's Tallest Apartment Tower

February 10th, 2017

FZ Capital Group has launched closings at 11 Beach Street, the BKSK Architects and Thomas Juul-Hansen-designed Tribeca condominium.

The pre-war, 10-story loft building has been modernized into 27 luxury homes. The building welcomed its first residents in early 2017.11 Beach Street features three- to five-bedroom apartments, including spacious lofts, two penthouses and three triplex townhouses.

feb1beach“We are very pleased to welcome our new residents to 11 Beach Street,” said Ziel Feldman, chairman and founder of HFZ Capital Group.“With its restaurants, shops, schools and green spaces, Tribeca has become the most desired and fastest-growing residential neighborhood in Manhattan. 11 Beach is an architectural nod to the rich history of this thriving area.”Known for his private residences and interiors work on One57, Juul-Hansen has created downtown-inspired great rooms framed by efficient, oversized glass casement windows.Residences feature direct elevator access, custom flooring, and en-suite bathrooms.The penthouses will be cAompleted by early Spring 2017 and both feature duplex indoor and outdoor living, connected by custom crafted staircases.The private triplex townhouses have private entryways with steel-canopied, framed front doors.Each boast a Thomas Juul-Hansen-designed private spa anchored by a custom 40-50-foot stainless steel pool with a LUCITE wall.Douglas Elliman is the exclusive marketing and sales agent for 11 Beach Street. Remaining residences are priced from $8.55 million.

● GTIS PARTNERSSales launch at Upper West Side conversion

GTIS Partners announced the launch of sales for 101 West 78th Street, its condominium conversion project on the Upper West Side, across the street from the Museum of Natural History.Built in the late 19th century and designed by Emile Gruwe, 101 West 78th Street is being transformed into a collection of 23 residences offering two-to-five-bedroom layouts and including one full-floor penthouse. fEB8gtisBrown Harris Stevens Development Marketing is spearheading the sales and marketing for the property, with a team led by Anne Sullivan Young and Amanda J. Young.“We’re proud to be the stewards for this remarkable, pre-war property, preserving the graciousness of space and detail while bringing it into a new era of modern, luxury living,” said developer Tom Shapiro, GTIS president.“We’re offering a rare opportunity – a combination of superior location, old-world architecture and modern design. It is unparalleled.”Interior architect Stephen Sills designed the building’s lobby, amenity spaces, and the residences, collaborating with Smallbone of Devizes to create custom kitchens.Architect H. Thomas O’Hara Jr. of HTO Architect, designed the residence floor plans to be both grand and efficient.The transformation of 101 West 78th Street commenced in 2015, and buyers will be able to move in this year.

● PROPERTY MARKETS GROUPPMG rental open for occupancy

Kevin Maloney, founder and principal of Property Markets Group, announced that leasing has officially begun at 1 QPS Tower, currently the tallest residential development in Long Island City.Located at 42-20 42nd residences with architecture and interiors by SLCE Architects.A leasing office spearheaded by Douglas Elliman’s New Development Marketing team is located in the building. Occupancy is underway.“Long Island City has become a major destination for people priced out of other markets and for those who value its convenient transportation options. 1QPStowerResidents can easily get to Midtown Manhattan in a matter of minutes,” said Maloney.“We’ve already received a great response from the tech savvy, fitness-oriented audience attracted to our extensive range of amenities”, he added.Property Markets Group, along with partners Hakim Organization and New Valley LLC, developed the 481-foot tower with studio , one and two-bedroom apartments.The 16,000 s/f of amenity space includes a rooftop terrace with an outdoor swimming pool and BBQ area, a athletic facility, yoga area, rock climbing wall, game room, library, private tech rooms, children’s playroom, conference rooms, bicycle storage and common laundry.All apartments have Cat. 6 wiring for data/telco/TV and there is Wi-Fi access in all public spaces. The building has two additional outdoor spaces and a quiet terrace on the 8th floor.All residences have floor-to-ceiling windows in every room, built-out closets and stackable washer/dryer units.1 QPS Tower features a unique club concept with amenities professionally managed by Bilancio Management.

● RIDGE REALTY MANAGEMENTAcademy opens in Astoria

Seven-stories of modern, luxury apartments, several with private outdoor spaces, are now available for rent at The Academy in Astoria, Queens.Modern Spaces was retained by Ridge Realty Management as the exclusive leasing and marketing agent for the 55-unit project, located at 25-35 31st Avenue.feb8academy“The average rental apartment in Astoria is on the market for 41 days and we expect homes at The Academy to rent even faster due to the high-demand for new development in the area,ˮ said Greg Kyroglou, managing director at Modern Spaces and the leasing director for the project.“The Academy not only meets that need, but exceeds it by offering desirable amenities like private off-street parking, a fitness center and a roof terrace.”Units have high ceilings, large windows, wide plank White Oak flooring, built-in air conditioning units and open layouts designed by HTO Architects.Kitchens have Caesarstone countertops, stainless steel GE and Blomberg appliances. Rear-facing units also feature private balconies. Rents at The Academy start at $1,800 per month.Amenities include a gym, library, laundry rooms and a landscaped rooftop, bike and car parking.

●DANZIG ORGANIZATIONRouse tapped for Crescent St. condo

BOND New York agent Jennifer Rouse has been named the exclusive salesperson of a new 16-unit condominium development at 31st Road and Crescent Street in Astoria, Queens.Called The Lincoln and developed by Danzig Organization, the building is currently still under construction.It features 15 one bedrooms and one two bedroom priced from $595,000 to $1.13 million.Building features include a roof lounge parking and cellar storage for purchase.FEB8BONDUnits have stackable washer/dryers, white oak hardwood flooring, virtual doorman and radiant heat flooring in the bathrooms.“We are pleased to be releasing our next building in Astoria after the sell-out of our boutique condominium building, The Adriaen,” comments John Danzig, vice president, Danzig Organization.“This is truly a special building which offers its owners a wonderful place to call home. We are also thrilled that we will be marketing our new condominium building with Jennifer Rouse at BOND New York.”