Photo Credit: DBOX
In Market

Mandarin Oriental Residences, Fifth Avenue Launches First-Ever Listings, from $2.5 Million; Dominican Republic’s Residences at The St. Regis Cap Cana Lists $25 Million Penthouse

By: Ameena Walker

Dominican Republic’s Residences at The St. Regis Cap Cana Lists $25 Million Penthouse

The Astor Penthouse at the Residences at The St. Regis Cap Cana in the Dominican Republic has listed for $25 million, making it one of the country’s most expensive homes for sale, Mansion Global reports. Lauded as the development’s “crowning jewel,” the circular-designed penthouse spans an astonishing 20,742 square feet across two floors, with seven bedrooms—including two primary bedroom suites and three secondary bedrooms—five bathrooms, and panoramic views of the ocean. The massive home also features a private outdoor pool, hot tub, and garden. 

Mandarin Oriental Residences, Fifth Avenue Launches First-Ever Listings, from $2.5 Million 

The first listings at Mandarin Oriental Residences, Fifth Avenue—a $2.475 million studio, a $4.28 million one-bedroom home, and a two-bedroom, two-bathroom abode seeking $5.95 million—are now available.

Located at 685 Fifth Avenue, at the corner of 54th Street, the development is the result of a collaboration between Mandarin Oriental and real estate developer SHVO, who converted the historic 29-story building into 65 fully furnished residences with highly regarded Mandarin Oriental services. Residences are appointed with white oak chevron flooring, custom kitchens by Molteni with 22-karat galvanized champagne gold Dornbracht fixtures, Juliette balconies, and Creston home automation technology.

The three floors of amenities at Mandarin Oriental include a rooftop pool, a spa and fitness center, and white-glove services (courtesy of Mandarin Oriental’s dedicated concierge team) that range from bartending and butlers to shopping and dog walking.

Alina Residences Boca Raton Development Tops Off Another Residential Building

Alina 210, the nine-story boutique building at the center of the three-building Alina Residences development in Boca Raton, Florida, has topped off. Designed by architect Peter Stromberg of Garcia Stromberg, Alina 210 offers 30 three- and four-bedroom corner residences ranging from 3,300 to 5,400 square feet. There’s a maximum of four homes per floor, with prices starting at around $4 million.

“Following the success of Alina Residences’ sold-out phase one, it is extremely exciting to be topping off the boutique Alina 210 building one year after groundbreaking,” said Noam Ziv, CEO of El-Ad National Properties, who is developing Alina Residences.

The second phase of Alina Residences is scheduled to be complete in late 2024, with Alina 220 the last component under construction. The three buildings (Alina 200, Alina 210, and Alina 220) will offer a combined 303 residences, with amenities that include a private spa, a fitness facility, and a bungalow-style pool with cabanas. Alina 200 is already sold out and occupied. Earlier this year, Penthouse 903, a 6,600-square-foot home and the last available penthouse at Alina 210, hit the market, asking $10.01 million.

300 West 30th Street Is Manhattan’s Fastest-Selling New Development

In just four months, 300 West 30th Street in Manhattan’s Penn District has reached 50% sold, making it the fastest-selling new development in Manhattan in the past six months, according to Corcoran Market Research, public documents available from NYS AG office, and REBNY RLS.

Developed by Hiwin Group USA, with interior design by Workshop/APD, 300 West 30th Street offers 69 residences with simple layouts that showcase oversized windows with views of the surrounding neighborhood, white oak flooring, custom kitchens with integrated Miele appliances, washer/dryer units, and bathrooms with marble surfaces and radiant-heated flooring. Amenities include a gym, a coworking space, a dining space with a catering kitchen, an open-air Sky Terrace, and an outdoor courtyard with grills and fire pits. Residences start at $950,000, and closings are anticipated to commence this spring.

Ocean Park South Beach Condominium Sells Out for $32 Million

The Sea Spray at 304-312 Ocean Drive, the four-story, nine-residence Ocean Park South Beach building developed by Brazilian billionaire developer José Isaac Peres, has sold out, The Real Deal reports.

The building offers two- and three-bedroom homes spanning from 1,100 to 1,700 square feet, with terraces measuring 300 to 1,100 square feet, along with four-bedroom penthouses that each encompass roughly 2,400 interior square feet, with nearly 2,200 square feet of terrace space that includes a rooftop deck and private pool. Residences sold between $1.5 million and $6.7 million, with sales handled by Corcoran Group’s Nir Perets, Eloy Carmenate, and Mick Duchon.