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In Market

Unnamed Buyer Snags Entire Penthouse Floor; Two Prominent Projects Near Sellout

Nov 12, 2021 | By: Zoe Rosenberg

At RAMSA’s 150 East 78th Street, Only One Residence Remains 

Only one residence remains unsold at 150 East 78th Street, the boutique Upper East Side condominium designed by Robert A.M. Stern Architects with interiors by AD100 Hall of Fame designer Robert Couturier. The $16.95 million duplex penthouse 11B is a five-bedroom, five-bathroom residence covering over 3,800 interior square feet with a large terrace off the living room and library. 

The penthouse residences of 150 East 78th Street, which first hit the market in August after the January sales launch, are inspired by prewar proportions and Parisian design sensibility, and offer oversized arched windows, crown molding, custom fireplaces, and large terraces. In mid-October, two of the building’s five penthouses went into contract as a $32.75 million combination residence.

The building features 25 residences in total with stone-clad formal entry foyers, spacious living rooms, and eat-in kitchens with Christopher Peacock-designed cabinetry and Lacanche gas ranges. Building amenities include a walnut-paneled parlor with a billiards table, a rare private regulation squash court, and a rooftop terrace with a grill. 

Ultraluxury Development ONDA Residences Breaks Ground in Miami

The construction of ONDA Residences, the 41-condominium waterfront development coming to Miami’s Bay Harbor Islands, is officially underway after developers Ugo Colombo of CMC Group and Valerio Morabito of Morabito Properties broke ground at the site on Nov. 3. The boutique building is slated for completion in 2023, but has already made considerable headway on the market with 60% of residences pre-sold. The building’s 15-slip marina, which is only available to residents and will feature boat slips from 35 to 60 linear feet, is already 70% sold.

ONDA Residences is designed by Bernardo Fort-Brescia of Arquitectonica with interiors by Carlo and Paolo Colombo of A++ Human Sustainable Architecture. Residences span from two- to four-bedroom (plus den) layouts measuring between 1,809 and 3,535 square feet, with prices ranging from $1.8 million to over $9.5 million. Two of the building’s four penthouses include private rooftop pool decks. 

In addition to its private marina with a water sports launch dock for kayaks, inflatables, and other small vessels, ONDA Residences will have a common rooftop pool deck, a gym with yoga and treatment rooms, and FTTH (fiber to the home) technology for voice, video, and high-speed internet.

Piero Lissoni-Designed Villa Collection at Miami’s Ritz-Carlton Residences Sells Out

All 15 homes of the Villa Collection at The Ritz-Carlton Residences, Miami Beach are now under contract, signifying a $93 million total sellout. Designed by master Italian architect Piero Lissoni, the Villa Collection came to market in February with private residences priced from $4.375 million that boast private terraces, two-car garages, fenced yards, and infinity-edge pools. Eight of the residences come with private boat dockage, while the remaining seven have scenic gardens. 

Owners at the Villa Collection — one of three Ritz-Carlton-branded single-family home properties in the U.S. — have access to resort-style amenities, such as a resident art studio, an on-site captained day yacht, a half-acre rooftop pool deck with private cabanas, and a concierge service for beach access. Also on site is The Ritz-Carlton Residences, a collection of 111 luxury condominiums in the former King Cole Hotel that is undergoing a thorough reimagining by Lissoni and his team.

Unnamed Billionaire Scoops Up Full Penthouse Floor in London

An anonymous buyer has purchased an entire penthouse floor of TCRW SOHO, a high-end development coming to London’s famous retail corridor, Oxford Street. Mansion Global reports that the sales team of developer Galliard Homes announced the 21.4 million pound ($28.7 million) off-plan deal on Wednesday, citing the purchaser as an international billionaire who plans to combine the floor into one or two large residences.

“Our client liked the Prime Central London location of TCRW SOHO and was drawn to the development by the unique opportunity to buy off-plan and reconfigure the units into a bespoke residence or residences,” said the buyer’s agent Waleed Mohammed, founder and director of estate agency Merchants Row. If the floor is combined into a single residence, it would cover over 7,000 square feet and include a home cinema, a library, and over 1,000 square feet of private wraparound terraces.

TCRW SOHO is designed by Hawkins\Brown Architects and comprises two buildings, an Art Deco-inspired tower with 69 residences, where the penthouse floor at hand is located, and a Georgian-inspired building with 23 residences. Each building will have a hotel-style reception area where concierge services will be on offer. The project is scheduled for completion in 2023. 

Manhattan Luxury New Development Deals Jump 352% in October

Contracts for Manhattan new development residences priced over $4 million rose precipitously in October, according to a new report from real estate data sites Marketproof and UrbanDigs. Deals for these high-tier residences rose by 352% year-over-year in October, from 21 sales in October 2020 to 95 in October 2021. Deals for Manhattan resale condominiums priced over $4 million rose 185% in the same period of time, from 35 to 100. 

The median asking price in Manhattan also saw a jump to $3.6 million, representing a 71% increase year-over-year and a 52% increase from September. Marketproof’s Kael Goodman points to 200 East 83rd, the new luxury residential project designed by Robert A.M. Stern Architects and developed by the Naftali Group and Rockefeller Group, which reported 35 contracts ranging from $3.6 million to $11.5 million, as an impetus for the increase.