Five Developments Joining New York’s Buzzy Luxury Market This Spring
Apr 14, 2022 | By: Ameena Walker
Luxe Manhattan homes just keep on shattering sales records, with nearly 400 contracts signed for apartments priced from $4 million and up in the first 12 weeks of the year. Though listing inventory is lower than it was this time last year, the luxury sector remains the most active part of New York’s real estate market, with average sales prices up 24% compared to the first quarter of 2021, according to a recent report from Douglas Elliman.
With no signs of demand slowing down, new developments hope to mitigate the shortage of luxury condominium homes for eager buyers. Here are a few projects to look out for this spring.
Developer Related Companies is wrapping up construction at The Cortland, a 25-story condominium building at 555 West 22nd Street in Manhattan’s West Chelsea neighborhood. The building draws inspiration from the neighborhood’s industrial past and is designed by Robert A.M. Stern Architects, with posh interiors courtesy of Olson Kundig.
The Cortland’s 144 studio through five-bedroom residences sport open floor plans with wall-encompassing windows that overlook the Hudson River, kitchens with built-in appliances and a wet bar, marble fireplaces in select residences, and spacious marble-clad bathrooms.
Amenities offered include valet parking, a concierge, a pool, a media room, and a bike room. Sales launched in early April with two-bedrooms priced from slightly over $4 million ranging up to four-bedrooms costing upwards of $21 million. Occupancy is slated for summer 2022.
Nestled among the supertall towers of Manhattan’s Billionaires Row is 7W57, a new boutique condominium building offering just 15 full-floor residences.
Developed by the Soloviev Group, with architectural design spearheaded by Hill West, the building stands 20 stories and is composed entirely of two-bedroom homes that range from 1,522 square feet to 2,920 square feet—homes start on the fifth floor.
All residences are accessed through private elevators that open onto the residences. The homes are designed by Calvin Tsao and boast floor-to-ceiling windows, open kitchens with integrated appliances by Gaggenau, and bronze-finished cabinets. Bathrooms are clad in Statuario Venatino marble and feature heated floors. Other highlights include automated lighting and window shades and Central Park views, while a select few residences feature private outdoor spaces.
Amenities offered at 7W57 include a 24-hour concierge, virtual lifestyle concierge by LIVunLtd, and signing privileges at the newly opened restaurant Cucina 8 ½ next door at Nine West 57th Street. Two model residences, designed by Calvin Tsao, will open in early spring. Sales have already launched, with prices starting at $3.95 million.
The Foster + Partners-designed tower at 100 East 53rd Street is now known as Selene. The 63-story condominium offers 94 residences that come in one-bedroom through four-bedroom configurations, with prices starting at $1.875 million.
The building’s tower homes, which number no more than two per floor, boast 11-foot ceilings with floor-to-ceiling windows featuring skyline views. Selene’s loft residences feature architectural concrete walls, floors finished in diamond-polished high-grade concrete, and ribbed concrete ceilings outfitted with custom lights. The building’s lobby, as well as its Atlas Club + Library amenity space, is designed by AD100 designer William T. Georgis. Residents can enjoy the building’s 60-foot sunlit swimming pool, fitness center with a Pilates/ballet room, spa treatment rooms, curated artwork throughout the public spaces, and direct elevator access to Michelin-starred restaurant Le Jardinier.
The Butler Collection in Park Slope
Architect Robert Litchfield has designed The Butler Collection, an 12-story building at 350 Butler Street in Brooklyn’s Park Slope neighborhood. The development, by the eco-conscious Brooklyn Home Company, features 34 studio through four-bedroom homes, including three penthouses and two duplex residences with yards, going from $950,000.
The airy, light-filled residences offer black-framed floor-to-ceiling windows and wide-plank white oak floors, while kitchens come with Shaker cabinetry, brass fixtures, and appliances from brands like Bertazzoni, Bosch, and GE. In the bathrooms, there are marble and quartz details and fixtures by Waterworks. Many residences boast private outdoor spaces, and building amenities include a children’s playroom with a rock-climbing wall, a fitness center, and a landscaped roof deck. One of the project’s penthouses has already entered contract at $2.85 million.
393 West End Avenue
On Manhattan’s Upper West Side, a 1920s building within a landmarked historic district has been redesigned into a 75-residence condominium by architecture and interior design firm CetraRuddy. Residences at 393 West End Avenue range from one- to four-bedrooms, with sales recently launching on initial inventory, starting at $3.718 million for a three-bedroom home.
The project—by developers Rabina—fuses the building’s Collegiate Gothic architecture and original details with contemporary style inspired by French design elements. Primary bedrooms are outfitted with neutral colors and large seated windows, while bathrooms feature marble floors and accents.
Amenities are located on the building’s garden level and include a landscaped courtyard, a club room, a fitness center, a children’s playroom, and a “Great Room” with banquettes and work spaces.