Waterfront Development Offers Buyers Yacht Access

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From Manhattan to Brooklyn, developers are snagging up some of the last waterfront parcels to develop what will be the next wave of trophy properties and coveted buildings. Examples in 70 Vestry Street in Tribeca, The XI in West Chelsea, and One Manhattan Square.

In a luxury market that is saturated with inventory, developers are continuing to entice and innovate when it comes to amenity offerings. The latest waterfront property to grab the attention of buyers seeking amenities is One Seaport in Lower Manhattan. What is better than waterfront living coupled with a yacht? Nothing some would argue!

One Seaport, built by Fortris Group, has partnered with members-only yachting service Barton + Gray Mariners Club. Residents will be able to walk out the lobby and onto a Hinckley Yacht. Currently, residents are entitled to 3 complementary yacht excursions a week. There will be an extra charge for fuel and champagne. This amenity for residents of One Seaport packs value as a membership to Barton + Gray Mariners Club would normally set you back $20,000-$50,000 a year.

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One Seaport has been a popular new development in the heart of the revitalized Seaport District, luring buyers with an expansive amenity offering, luxe finishes, and wonderful water views. The residences are completed with luxurious finishes such as gold calcutta marble backsplashes, Gaggenau appliances, and grey limestone in the bathroom. The full suite of building amenities includes a port-cochere, fitness center overlooking the water with Brooklyn Bridge views, and a “Water Club” on the 30th floor with hydrotherapy and a pool.

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The building is currently 75% sold, however, we do expect additional inventory to be released for the fall selling season.

This particular amenity offering comes at an interesting time when the city has been expanding the NYC Ferry System on the East River. Commuters are looking for alternatives to the crowded, unreliable subway system. Many wealthy commuters have opted to take Uber to and from work given the convenience and relatively the lost cost compared to a monthly transit pass.

In an effort to get people out of the crowded subway system and onto the water, the city has pledge some $600 million over 5 years towards the NYC Ferry program.

For those looking to take cruising the East River and beyond to a new level, the private yacht offering at One Seaport is certainly the way to go!

How to Spend Hot Summer Nights in the City

Summer in the city is all about getting outside and enjoying the best entertainment and dining under the summer skies. While there are many restaurants across the city that offer outdoor seating from Battery Park to Uptown, many are surprised to know that the city hosts a lot of outdoor entertainment, especially the NYC Parks. We’ve put together a list of summer ways to spend Hot Summer Nights in the city. Get out and enjoy!

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Pier 17: Pier 17 is a new venue in the heart of the Seaport District. The venue was part of the continued Seaport revamp spearheaded by the Howard Hughes Corporation. The space has a waterfront bar, and multiple vendors including a Jean Georges food hall that is slated to open. Pier 17 has a full lineup of events throughout the summer including comedy and music. Its waterfront location offers great skyline views, and the rooftop is where most of the shows will take place.

Check out Kings of Leon August 2nd starting at 7pm. Tickets are available online.

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The Roof at The Viceroy - Situated atop the Viceroy Hotel, The Roof offers a sophisticated space to escape Midtown to enjoy a cocktail and view. The space faces North, offering views of the classic Central Park South skyline as well as the park itself. The interior of the lounge is reminiscent of an old luxury airliner with a menu offering up craft beers, global wines, and classic and modern cocktails that rotate to utilize the freshest ingredients.

124 West 57th Street

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Met Summer Recital Series- The Met’s popular concert series in New York City parks spanning all five boroughs has returned. The series kicked off June 11th in Central Park with an evening of arias and duets selected from various Operas. The four subsequent recitals will showcase young artists Gabriella Reyes de Ramírez, Gerard Schneider, and Adrian Timpau. Dan Saunders will be at the piano to accompany each performance.

View program details Online

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Movie Nights at Bryant Park – Featured films screening in the park on the big screen under the stars. Just bring your blanket and some friends to enjoy a great movie outdoors. The lawn opens at 5pm with screenings beginning at sunset. A new addition this year is the Beer and Wine lounge located on the Upper Terrace offering beverages to be purchased before and during the movie. Movies running through August.

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Summerstage - Celebrate summer by getting outdoors! Happening now through July 15th, enjoy fantastic music, comedy, theater, dance, lectures, and films during SummerStage in city parks. Summerstage is New York’s largest free outdoor performing arts festival with everything from Indie to EDM from iconic names to up and coming performers. More than 100 shows are scheduled in 18 neighborhood parks this summer. The (mostly) free concerts are popular, so be sure to arrive early! Tickets can be purchased online.

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Press Lounge - Tucked away in Hell Kitchen on Manhattan’s West Side is the Kimpton Ink 48 Hotel which is home to The Press Lounge. The Press Lounge is a fan favorite for rooftop bars in the city, offering up a swanky space and panoramic views of both the Manhattan skyline and Hudson River.

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Coming Later this Summer

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Met Opera HD Summer Festival - The summer series at the Met Opera will be returning for its eighth season this year. Spectators can enjoy performances presented from the acclaimed "Live in HD" series outdoor on Lincoln Center Plaza. Showings begin at 8pm, but plan on getting there much earlier if you want to grab a seat for the screening. August 24th – Labor Day.

Is Downtown Driving the Luxury Market?

We’ve written many articles on the resurgence of downtown, from the luxury buildings along The High Line, to the rebirth of Lower Manhattan in the post 9/11 era. While Midtown developments, such as 423 Park Avenue, have certainly broken headlines for record prices, or price cuts on resales in buildings such as One57, downtown has provided much support for the overall Manhattan market. Midtown continues to see high prices for unit while volume has seen an uptick downtown.

During the middle week of May, Olshan reported a staging figured that showed the influence of downtown Manhattan on luxury transaction. Of the 21 contracts signed during that week for properties priced $4M and above, 10 were south of Midtown. Of the volume in Mid-May, nearly 50% was driven by properties in downtown Manhattan.

Why Downtown?

Buyers are flocking to Lower Manhattan for various reasons ranging from inventory, to empty nesters downsizing and looking for a new pace of life, to easy access to some of the best shopping and dining in the city.

Selection of New Development inventory in Downtown Manhattan is extensive in all neighborhoods, and these projects are bringing the most coveted architects and interior designers coupled with luxurious amenity offerings. The High Line is dotted with new buildings from the likes of Zaha Hadid and Soo Chan. In Flatiron, 45 East 22nd Street has been creating buzz and offers some of the best views of the city. Tribeca has a flurry of new projects including New York’s first Four Seasons Private Residences at 30 Park Place, the Woolworth Tower Residences, and many others such as 30 Warren and 108 Leonard Street. Meanwhile, the Financial District has welcomed 50 West Street and looks forward to the arrival of One Seaport and 130 William Street.

130 William Street coming to Lower Manhattan via

In addition to a variety of inventory, Lower Manhattan is attracting buyers with cultural offerings as well. The best stores and restaurants have all opened spaces from SoHo to the Financial District. Additionally, new luxury hotels such as the Four Seasons and The Beekman offer a swanky place for guests to say and locals to frequent.

The Seaport is experiencing perhaps the biggest revitalization – we previously discussed the overall redevelopment of the neighborhood after it was battered by Hurricane Sandy. Most notably, Mr C is slated to open very soon. This will represent the Cipriani family’s first hotel venture in New York City after is launched the Mr. C brand in Beverly Hills in 2011. The hotel, which will be run by Ignazio and Maggio Cipriani, will have 66 rooms, a Cipriani restaurant, and is being designed by Thomas Juul-Hansen.

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More Coming Downtown:

More exciting things are coming to downtown as it continues to establish itself as a culinary, entertainment, and shopping destination. We are continuing to track the development of the Seaport District and have the latest timeline of events.

Seaport Timeline:

June: Pier 17 opening with rooftop restaurant. Initial schedule of performers and entertainment released

July: Concert series returns to the Seaport with the Chase Sapphire outdoor bar now open. District wide events will be taking place

September: 10 Corso Como slated to open as well as Jean-Georges opening

November: A Winter Village pop-up is set to be installed for the season along with the opening of Momofuku

Want to Live Downtown?

The Victoria Shtainer Team currently as an exclusive rental opportunity on the market at the brand new 50 West Street designed by Helmut Jahn. Our listing, Unit 20B, is one of only a handful in the building that features a double-height living space with soaring 20' ceilings. 

50 West Street, 20B | 3 Bed | 3.5 Bath | $14,995/MO

We have access to all the hottest inventory in Downtown Manhattan! Contact us so we can create a tailored search and property tour for you.

Summer at the Seaport District

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In the heart of Downtown Manhattan, the Seaport District has been undergoing a large revitalization and transformation. We previously wrote about all the exciting things happening in the Seaport. This summer, however, the heat has been kicked up another notch at the waterside neighborhood with the “Summer at the Seaport” sponsored by Chase Sapphire.

Have you explored any seasonal spots this summer in the city? With many looking to get in a last vacation day or Summer Friday before Labor, the Seaport is the perfect spot to enjoy a summer afternoon or evening downtown. For Summer 2017, the Seaport is serving as a destination for highly curated culinary, music, retail, and cultural experiences.

There may only be a few weeks of summer left, but there is still a lot happening at the Seaport District to checkout.

Not convinced? Check out this wonderful video from our friends at South Street Seaport:

The Garden Bar

Perhaps the main focal point of the Summer at the Seaport installation is the Garden Bar sponsored by Chase Sapphire with special VIP access for card members. The bar is situated in the middle of the iconic cobblestone streets of the neighborhood, stretching 78 feet long and draped with greenery and palms. The setting feels like a garden oasis in the middle of the bustling city. The Garden Bar will be serving up selection of rare beers, rosé, and cocktails.

Additionally, The Garden Bar is located directly adjacent to a lush stage where live performances have been happening all summer long. Outdoor drink + live music…what is better? The lineup for the rest of the summer is as follows:

Thursday August 10th at 6pm: Breanna Barbara

Saturday August 12th at 6pm: Gedeon Luke and the People

Thursday August 17 at 6pm: Southern Avenue

Saturday August 19 at 6pm: Behold the Brave

Thursday August 24th at 6pm: Annie Hart

Saturday August 26th at 6pm: Showtime Goma

Thursday August 31st at 6pm: Calvin Love

Thursday September 7th at 6pm: The Alpaca Gnomes

The Chase Sapphire Lounge is reserved exclusively for Chase Sapphire members and offers a special menu of beverages and food.

Food Lab

Speaking of Chase Sapphire, members will also be able to get exclusive access to tickets at the Food Lab which has been hosting some of the most renowned chefs all season long. Each cehf will take up a 2-week residency at the Seaport, offering guests a taste of their signature culinary dishes. With guest chef’s coming in through early fall, you are sure to catch a unique experience before the summer ends.

Alon Shaya is currently in the Seaport until August 12 with Jessica Koslow, of Sqirl fame in Los Angeles, arriving on August 20th.  A partnership with Sixpoint Brewery has allowed each guest chef to create a custom beer for their time in residency. The remaining schedule for The Food Lab is as follows:

Jessica Koslow – August 20th – September 2nd

Dale Talde – September 20 – 23rd

Wylie Dufresne – September 29th – October 11th

Other Attractions

The Seaport is home to other attractions to enjoy a summer day or evening. Check out these popular spots to grab a cold drink or a good bite:

• Clinton Hall: The popular pub has opened a location right on the heart of the Seaport. Clinton Hall is known for its 20 rotating draft beers alongside 20 burgers. There are also table games
• Front Row Food Trucks: Various food trucks are rotating into front street, parking in a Smorgasburg-style street food display.
• Mr Cannon: There is not much description provided on this new Speakeasy, aside from its inspiration. The address is not published on the website, but rumor has it it is located at 206 Front Street.