Photo Credit: Courtesy of The Row
In Market

Residential Waterfront Complex Olara Is Heading to West Palm Beach; Metaverse Platform Everyrealm Plans Virtual Community Fueled by Architectural NFTs

By: Ameena Walker

Metaverse Platform Everyrealm Plans Virtual Community Fueled by Architectural NFTs

NFT innovation and investment platform Everyrealm has announced its vision for an architecturally significant master-planned community in the metaverse. The Alexander Team is partnering with Everyrealm to codevelop The Row, a members-only designated space in the metaverse where Row NFT holders will be permitted to develop landmarks.

Everyrealm describes itself as a company that “develops projects and infrastructure designed to bring communities to the metaverse and monetize it by charging for access.” The company is developing the project and plans for the first Row District in the Mona metaverse, featuring a limited edition of 30 total landmarks with exclusive architecture designed by artists in the metaverse.

Here’s how it works: artists create a 3D architectural design, a total of five editions per artist, which is then sold as an Architectural Design NFT, and holders are given the right to deploy their landmarks on metaverse land in The Row District for a fee. Artists commissioned to design for The Row include Daniel Arsham, Alexis Christodoulou, and contemporary art studio Six N. Five.

Residential Waterfront Complex Olara Is Heading to West Palm Beach

New York City-based developer and real estate firm Savanna revealed plans for its first residential project in South Florida, reports The Real Deal. The firm is developing Olara, a two-building complex designed by Miami-based Arquitectonica that will rise 28 stories along West Palm Beach’s waterfront North Flagler Drive. The buildings will house 485 residences, of which 315 will be condominiums and the remaining 170 will be rentals. Apartments are expected to come in one- through four-bedroom configurations, ranging from 1,000 to 5,000 square feet, with interiors by INC Architecture & Design and Gabellini Sheppard Associates. 

Amenities planned for Olara encompass more than 70,000 square feet and will include a fitness center, spa, coworking space, residents’ lounges, two pools, a restaurant, and a veranda with barbecue grills and fire pits. Construction is slated to kick off in early 2023, while condominium sales will begin this fall. 


Toronto Penthouse Featured in Suits Lists for $3.88 Million

The two-bedroom penthouse that serves as the pseudo-NYC residence of Suits protagonist Harvey Specter—played by actor Gabriel Macht—has hit the market asking $4.999 million Canadian dollars (roughly US $3.883 million). While the show was set in New York, the sleek penthouse is actually located in Toronto’s 59-residence building at 20 Stewart Street, reports the Toronto Star, and encompasses the entire ninth floor.

The apartment offers 2,834 square feet of interior space with floor-to-ceiling windows, light wood floors, brick accent walls, exposed columns, and an impressive 1,872-square-foot terrace with a cedar-plank deck, a built-in barbecue, a private heated lap pool, a built-in all-weather television, a rose garden, and stunning views of the city’s skyline.

One United Nations Park Reaches 65% Sold, Achieves Over $200 Million in Closed Deals

The Richard Meier-designed One United Nations Park in Midtown Manhattan is now 65% sold, with immediate occupancy underway. Offering a collection of 148 luxury condominium residences, the 43-story skyscraper has accomplished more than $200 million in closed deals and signed contracts to date, including residence 40K, a $9.1 million, four-bedroom duplex with sweeping northeast corner exposure over the United Nations Campus that recently entered into contract.

“We are thrilled to have reached this exciting milestone, especially on the heels of announcing that One United Nations Park is 50% sold earlier this year,” said Tricia Hayes Cole, Executive Managing Director at Corcoran Sunshine Marketing Group. “We are excited that One United Nations Park has continued to transact at a healthy pace from one to four bedrooms—we have now sold half of our premium duplex residences and are almost sold out of one-bedroom homes.” 

Current availability includes a range of one- to four-bedroom residences with prices starting at $1.5 million. The skyscraper’s sales and marketing are handled exclusively by Corcoran Sunshine Marketing Group.

George Shultz’s Pair of Longtime San Francisco Penthouses Sell for $29 Million

The two penthouse condominiums owned by the late George and Charlotte Shultz have sold for a combined $29 million asking price, breaking city records for the most expensive condominium transaction in San Francisco history, cites San Francisco Chronicle

The residences, which were listed in late May, were purchased by a single buyer. Located in Russian Hill, the north penthouse offers 5,400 square feet of space, while the south residence provides another 5,000 square feet with a wraparound terrace and Golden Gate views.