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.

via

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.

Where to Dine in The Hamptons this Summer

The Summer 2018 season is officially here which means New Yorkers will be flocking to the East End to escape the city heat on the weekends. The restaurant scene in The Hamptons is similar to the city in that some stay season after season, some move to new locations, and others no longer make the cut of the discerning crowds. We have gathered up some of the best places to eat in the East End from classics to new spots, from Southampton to Montauk. 

Southampton

Maison Vivienne

via

Maison Vivienne is the newest opening in Southampton that is serving up French Provence cuisine by Michelin Star Chef Wolfgana Ban. The venue is comprised of indoor and outdoor seating, herb and vegetable gardens, a bar and lounge, and a small Inn that is comprised of 9 rooms with 2 suites. The Inn, situated in a 17th century Dutch Colonial building offers all the modern amenities guests would expect including access to room service from the restaurant.

Chef Ban is serving up fare that is a modern take on classic southern French cuisine included cote de bouef and roasted heritage chicken for two as well as a salad nicoise. The inside is not go unnoticed with its 20-foot high cathedral ceilings and wine cellar which holds over 2,000 bottles.

Tutto Il Giorno  

via

This Southampton restaurant (also located in TriBeCa in the city) is run by Gabby Karan, daughter of designer Donna Karan. She brings her chic décor to the interior and serves up southern Italian dishes including lamb loin carpaccio and rigatoni with sweet and hot sausage. The back patio, filled with umbrellas, is a great place to hang out and becomes a social hub in the summer. The restaurant has been drawing celebrity clientele season after season. 

Sant Ambroeus

via

The city favorite is also a favorite on the East End offering both indoor and outdooring seating in the heart of Southampton. Sant Ambroeus serves northern Italian cuisine thanks to its Milanese roots. In addition to lunch and dinner, it is a great spot to grab a proper coffee and conversation.

East Hampton

 Moby’s

via

The popular East Hampton scene, which lost its space to EMP Summer House last season, has found a new space to call home. The partners have signed a 2-year lease at the East Hampton Point space at 295 Three Mile Harbor Hog Creek Road. Diners can expect a menu similar to the old Moby’s which served everything from brick oven pizzas to seafood dishes with a few additions. Given the new waterfront spot, we expect an elevated take on the cuisine. The new location is sure to offer great sunsets and views and will also allow guests to arrive via boat.

EMP Summer House

via

Last year, the EMP crew took over the longstanding Moby’s space and created quite the buzz with its beachy pop-up. Reservations were only made available to American Express Platinum card holders and some card members even received access to the restaurants brand new BMW 7 series sedans.

The EMP crew will be returning for a second year, serving up the likes of flatbreads, bouillabaisse, and family style dinners such as DIY Tacos or a Lobster Boil. The backyard with games such as corn hole and ping pong remains.

Sag Harbor

Beacon

via

This summertime only restaurant located on the water offers the perfect combination – good food and great views. Guests enjoyed the laid-back atmosphere with the deck being the perfect place to grab a cocktail. Beacon is famous for its fish dishes with this season’s menu including items such as halibut baked in parchment paper with sun dried tomatoes, lobster rigatoni, and oven roasted chicken. 

Le Bilboquet

via

The Sag Harbor outpost of the Upper East Side gathering spot will be back for another season. The Sag Harbor location is larger than the one in the city you may be familiar with, but be warned that they run a strict door policy. The menu includes all the crowd favorites including the Cajun Chicken. We also recommend grabbing a drink at the bar to enjoy the scene.

Dopo La Spiaggia

via

After splitting with Gabby Karan 2 years ago, Chef Maurizio Marfoglia kept the original space of Tutto Il Giorno in Sag Harbor and rebranded it as Doppo La Spiaggia which means “After the Beach.” His restaurant remains a go-to spot and still serves of favorites such as Chicken Under the Brick and homemade pastas including squid ink tagliotini. Menu items include a northern Italian influence such as the seafood stew as Marfoglia hails from Lake Como.

Montauk

Duryea’s

via

Duryea’s Lobster Deck has been a Montauk staple for years, however, the restaurant received a facelift in 2016 when billionaire Marc Rowan took over. The waterside location affords it some of the most picturesque views and scenery in perhaps all of The Hamptons. Most dishes are served family-style including the full clambake, lobster cobb salad, and market fish. Of course, the Duryea’s lobster roll is a must try!

A Look Inside the 46th Annual Kips Bay Decorator Show House

The 46th annual Decorator Show House is underway, showcasing work from top interior designers. The Upper East Side townhouse at 110 East 76th Street has been completely transformed, and all for a good cause, namely the Kips Bay Boys & Girls Club. All proceeds from the events will go to the Kips Bay Boys & Girls Club which provides after school enrichment programs to more than 10,000 youth in the Bronx. 

About the Kips Bay Decorator Show House

The Upper East Side is known for its historic and grandiose townhomes, and the Lenox Hill neighborhood, the site of this year’s show house, is no exception. The row of townhomes at 110-120 East 76th Street was originally built by Augustus Hatfield in 1883-85 and are unique in that they are 36’ feet, must larger than the standard townhouse width in New York. This year’s show house, at 110 East 76th Street, has been completely reworked by Robert Couturier. Renovations on the home began in 2010. Couturier is most known for his work for billionaire financier, Sir James Goldsmith which jumpstarted his career.

His vision for this year’s show house took inspiration from past projects he completed around the globe with an emphasis on the fact that the spaces in the house are meant to live in and move about, they are not simply “stages.” The expansive townhome provided the perfect backdrop for top interior designers to showcase their work.

110 East 76th Street spans 15,000 square feet across 7 floors. Part of the renovations included incorporating modern luxuries such as an elevator, which is accessible from each of the 7 floors. The home includes 8 bedrooms and 10 baths. It is a unique opportunity to own a wide townhouse on the Upper East Side. The Master Suit of the home alone spans 1,500 square feet and includes a separate sitting room, fireplace, and double baths.

It is currently offered at $51,000,000.

Decorator Show House

The expansive townhouse residence has become a showcase of work from renowned interior designers that have donated their time and skill to create the beautiful spaces. The interior features 7 floors of living space which have been transformed into sumptuous space from a attention grabbing, statement staircase to an elegant sitting room and Clive Christian kitchen.

The interior designers have spared no attention to detail throughout the home, sourcing their decor from the likes of Hermes, Sotheby's, Bergdorf Goodman, and Roche Bobois to name a few.

Take a look at a few of the beautifully curated rooms in this year's Decorator Show House:

The Show House will be running Until May 31st 2018.

110 East 76th Street
Monday-Saturday: 11-5pm
Tuesday and Thursday: 11-8pm
Sunday: 12-5pm

Tickets can purchased online in advance by visting Kips Bay Decorator Show House. Remember, all ticket proceeds benefit the Kips Bay Boys & Girls Club.

Guide: Celebrate Mother's Day in New York City

Mother's Day is Sunday, May 13th. Whether you plan to spend the day with Mom, or you plan to send a gift because she is not in town, we have you covered with ideas for ways to make Mom feel special. From Brunch to gifts, check out our guide to Mother's Day in New York City. 

Wave Hill House Brunch & Gardens

via

Wave Hill House, a 28 Acre estate in the Riverdale section of the Bronx, hosts an annual Mother’s Day brunch that garners a lot of attention. In fact, it often sells out! Feel like you escaped the city a bit on the 28 acres, and enjoy a brunch with Mom consisting of Belgian waffles, poached eggs, polenta, and zucchini bread. At least check, 10:30am and 1pm seating times were available.

After brunch, stroll through the beautiful gardens on the property. Birding is a very popular activity at Wave Hill House.

$50 per guest or $45 for Members // 675 West 252nd Street

Afternoon Tea at Bergdorf Goodman

via

BG at Bergdorf Goodman hosts afternoon tea daily from 3-5pm. If a full brunch isn’t your thing, this is a great way to pass the afternoon at a place that all women love, the famed Bergdorf Goodman department store.

Tea service comes with an assortment of tea sandwiches, freshly baked scones, fruit preserves, Devonshire cream, and a variety of petite sweets. We recommend getting the option paired with a glass of Veuve Clicquot Champagne. After tea, take mom downstairs to pick out a luxurious gift.

$45 per person or $62 with glass of Veuve // 58th Street at 5th Avenue

Queens Botanical Garden Mother’s Day Brunch

via

The blossoming Queens Botanical Garden will be hosting a farm-to-table brunch to celebrate Mom this year. Enjoy a selection from local caterers including omelets, bacon, muffins, scones, coffee, teas, and a complimentary glass of wine at the landmark setting.

After enjoying a delicious brunch, be sure to stroll throughout the gardens and take in the lush arrangement of greenery and plants.

Prices Range from $28 for children to $60 for adults // 43-50 Main Street, Flushings

New York Botanical Garden’s Annual Weekend Garden Party

via

 njoy the beautiful spring blooms at the weekend-long garden party at the New York Botanical Garden. Stroll through the newly opened Lilac collection and enjoy live music and dancers on the garden’s main stage. There are a bunch activities planned throughout the whole day, making it a great family event. Activities include putting on the green, croquet, and guided walking tours throughout the gardens. Brunch, by reservation, will be served picnic-style.

All garden pass $28, $12 children // 2900 Southern Boulevard

Dinner at Majorelle

via

 Majorelle is the newest restaurant on the Upper East Side located within the Lowell HoteCharles Masson, formerly from La Grenouille is running the restaurant in conjunction with four-star chef Christian Delouvrier. Similar to La Grenouille, Majorelle is decorated with fresh flowers throughout. The renovations in the Lowell to create Majorelle include a dining room designed by Michael S. Smith. Details include engaged columns and egg-and-dart moldings. The restaurant has approximately 75 seats with about 20 in a skylight garden. There is also a plush bar, Jacques, and a cozy library lounge with a fireplace adjacent to the dining room. The Chef has created a menu that mixes traditional French cuisine with Mediterranean and Moroccan influences. Highlights from the menu include a rich onion tart, warm sausage with potatoes, risotto of wild mushrooms, bass with Champagne and caviar, and steak au poivre.

28 East 63rd Street

Gift Ideas:

Fragrance: Hermes latest fragrance, name after the thin, silk scarves many women tie around the handle of their bags, has been receiving rave reviews. The maison crafted the new scent with Hermes girl in mind, a young, carefree one at that. Twilly has floral and spices with notes of ginger and sensual tuberose.

$130 – Hermes

Dress: Want to treat mom to a lavish dress that she will cherish season after season? The latest Dolce & Gabbana collection has striking floral prints that are sure to turn heads whether you are wearing it around the city or in the Almalfi Coast. We recommend the classic silhouette of the Sheath Cocktail Dress in the Rose print.

Elbow-Sleeve Scoop-Neck Rose-Print Sheath Cocktail Dress - $2,295 Neiman Marcus

Flowers: What goes better with Mother’s Day than flowers? Head to the New York Flower Market for the best selection. The district, which spans a full city block on 28th street between 6th and 7th Avenues, offers virtually any flower your heart can desire. Pick out Mom’s favorites and make a beautiful bouquet.

28th Street between 6th and 7th Avenues

6 Condos Designed by Luxury Brands in New York & Miami

Major luxury brands from around the world are leaving their market (and branding) on the luxury real estate market. There is a growing number of projects where major designers are doing interiors of luxury buildings, especially in Miami. 

These collaborations increase the appeal and attract buyers in a competitive new development market where prospective buyers have many projects from which to choose. Both sides stand to benefit from bringing on a global luxury brand as the development gets increased publicity because of the collaboration and the luxury brand gets to reach a potentially new audience that may not have previously been immersed in the brand. 

In today's market a brand is everything. Young, wealthy buyers especially love luxury brands, and many of these collaborations are familiar in that they most like have pieces from them in their home already. These powerful brands give the building an identity immediately rather than the building trying to have to establish itself as brand on its own.

New York

Baccarat Hotel and Residences

The Baccarat Hotel in Midtown Manhattan has a boutique collection of 60 residences with interiors by AD100 designer Tony Ingrao T.he apartments are luxurious as one would expect, yet in a sophisticated way. The major appeal of these residences is the plush amenities and services available from the Baccarat Hotel. Baccarat brand is more subtle within the residences while it is very prominent in the renowned Grand Salon and Bar where guests enjoy beverages out of Baccarat crystal glasses

via

QUICK FACTS:

• 60 Residences ranging in size from 1 to 5 bedroom currently on the market
• Homes features luxurious finishes including Siematic kitchens custome designed by Tony Ingrao and entrance doors made of Zircote Wood with Baccarat crystal handles
  • Residents enjoy exclusive perks at Baccarat Hotels around the world as well as perks such as private shopping and priority custom design and production at Baccarat

The Getty

While Peter Marino is not a luxury brand or label himself, he is worthy of being included on this list as he has worked for some of the top fashion houses and artists around the world with his designs. Marino's work include flagship stores around the world for the likes of Louis Vuitton, Chanel, Bvlgari, Dior, and Giorgio Armani. His building along the High Line in West Chelsea has attracted much attention because of its boutique nature and the recent sale of a penthouse for $59 Million. 

via

QUICK FACTS:

• 12 story building consisting of only 6 bespoke homes designed by Peter Marino
• Base will be a museum and gallery holding the private collection of J. Tomilson Hill worth $800 million     
• All floorplans different and decked out in 80 various kinds of stone, marble, and wood finishes
• Penthouse will have a private, rooftop pool 

20 Pine - The Collection

Renovated in 2009 at a historic downtown building, 20 Pine was at the forefront of the downtown revolution and was truly a first for the area with its Armani/Casa designed residences. Sleek kitchens, spa like bathrooms in the residences, and lofty ceiling heights have attracted buyers and investors to this building.

QUICK FACTS:

• 408 Residences with 38 floors
• Unrivaled amenity collection including the Collection Club & Spa including pool and Hamman Steam room, 25th Floor Sun Terrace, and Library Lounge
• Designed by Armani/Casa

Miami

Fendi Chateau

Fendi Chataeu may not rise as tall as some of the new developments in Miami, standing at just 12 stories, but its 58 residences will pack a punch with their exceptional design and amenities. Chateau Group has teamed up with Italian Fashion Label Fendi to design residences that come with top of the line finishes, unparalleled amenities, and white-glove service

via

QUICK FACTS:

• 3,400 square feet to over 7,000 square feet of living space
• Amenities include Library, Fitness Center, Private Cinema, 2 Swimming Pools surrounded by Tropical Garends Luxury Concierce by Fendi Chateau Attaché
• 3 to 5 bedroom flow-through residences with the best finishes including Italian kitchen cabinets by Fendi with Mother of Pearl finish

The Residences by Armani/Casa

The Residences by Armani/Casa is a new development rising 60 stories on Sunny Isles beach with interiors designed by Giorgio Armani and Armani/Casa with each unit having a touch of Giorgio Armani himself. The building is set to finish in late 2018 and has already attracted buyers from around the world. 

via

QUICK FACTS:

• 6 different floorplan options with residences ranging in size from 1500 to 3000 square feet
• Residences will include the finest in European-design cabinetry and designer finishes
• 35,000 square feet of amenities all designed by Armani/Casa including an Armani Prive Lounge, fine dining restaurant, cigar room, fitness center, exclusive beach amenities on 300 feet of private shore

Missoni Baia

The Italian Fashion house is bringing their first branded building to the Edgewater area of Miami. The luxury condominium will rise 57 stories above Biscayne Bay and feature interiors designed by Paris Forino Design under the direction of Missoni. Slated to be complete in 2020, the building can be expected to feature the fashion house’s signature color palette throughout.

via

QUICK FACTS:

• 249 1-5 bedroom residences ranging in size from 776 square feet to 3,788 square feet
• New York designerParis Forino envisioned the tower’s 249 elegantly crafted one- to five-bedroom residences and curated the Missoni fabrics, furnishings, and artworks that complement Asymptote’s modern architectural design.
• Residence finishes include custom European cabinetry, top-of-the-line appliances, and floor to ceiling marble in masterbaths
• Amenities include an Olympic-sized pool, spa, landscaped gardens by Enzo Enea, pet spa, game room, 2 poolside resident lounges

Want to learn more about the influence of luxury brands on real estate? Contact us to arrange a visit to these properties and more:

A Look Inside 2 of Robert A.M. Stern's Crowning Penthouses

20 East End Avenue - Penthouse A

20 East End Avenue designed by Robert A.M. Stern Architects brings a new standard of luxury living and classic design to the Upper East Side. The building, complete in a limestone façade signature of Mr. Stern, blends seamlessly into the landscape of East End Avenue. The classic design suggests at had always been the hallmark of East End Avenue for years. 

The building, home to exquisite residences starting around $10M, unveiled its crowning penthouse, Penthouse A. This expansive home features design elements that are reminiscent of classic Upper East Side homes as well as modern finishes to provide a fresh perspective.

The home, generous in size, is comprised of 5 bedrooms and 5.5 bathrooms across 6,5050 interior square feet as well as multiple outdoor terraces and a stunning, private rooftop terrace accessible via private staircase. Total outdoor square footage is 4,542 square feet. Upon entering the home, the proportions of this residence are immediately noticeable thanks to the gracious entrance gallery that has ceiling heights up to 12 feet with other details such as quartersawn Appalachian white oak flooring.

20 East End Facts:
•    Architect: Robert A.M. Stern
•    Building has a handset limestone base
•    Private motor court
•    Amenities include billiards and game room, luxurious library that has been hand curated, wine cellar, fitness center, and spa

Penthouse A is currently offered at $39,000,000

30 Park Place – Penthouse 82

30 Park Place, the first private residences by the Four Seasons in New York, has had an overwhelmingly positive reception since its launch. The building is positioned conveniently in the heart of downtown Manhattan, moments from The Oculus, TriBeCa, and SoHo. 

30 Park Place is a Silverstein Property designed by Robert A.M. Stern architects and is currently the tallest residential tower in lower Manhattan standing at 937 feet. Because this is the Four Seasons Private Residences, residents of 30 Park Place enjoy a suite of amenities and offerings that offer an unparalleled luxury living experience. Residents can enjoy access to hotel amenities such as the indoor lap pool, in-residence dining from Wolfgang Puck's CUT, and car service.

Penthouse 82 was unveiled by 30 Park Place and is simply stunning. The full floor home features elegant finishes, gracious design, and signature Robert A.M. Stern touches. Penthouse 82 is comprised of 3 bedrooms and 4.5 bathrooms across 4,538 interior square feet. The home features north, east, south, and west exposures. Features such as a gas-burning St Tropez French limestone fireplace truly make this house feel like a home. Penthouse 82 also includes 732 exterior square feet across multiple terraces. These terraces are the highest private outdoor spaces in the city! As one can imagine, the views are simply stunning from the home on a clear day. 

30 Park Place Facts:
•    Architect: Robert A.M. Stern
•    Collection of homes that are part of the Four Seasons Private Residences Program
•    Private Residential lobby at 30 Park Place
•    Amenities: complete Four Seasons residential concierge, 75 foot pool, 38th floor club including fitness,  private dining, and screening room.

30 Park Place- Penthouse 82 is currently on the market offered at $30,000,000. 

Interested in learning more about Robert A.M. Stern's iconic buildings around the city? Contact us to schedule a private tour.
 

Guide: The Best Observation Decks In NYC

In the real estate industry, you can get access to some of the best views. In fact, some of these views you can call home – 12 Instagram Worthy Views from Manhattan Real Estate. If you can’t get into the tallest apartment in the city with the best view, why not take advantage of some of the observation decks throughout the city? Instagram is waiting…

We've put together a few pointers about the most popular observation decks in New York City as well as what we know now about 2 observation decks coming to the city that will literally take things to new heights.

Empire State Building

via

Quick Facts

• Most popular observation deck
• 86th and 102nd floors open to the public
• Views of Midtown, the Park, and other iconic buildings that make up NYC skyline
• 86th floor is not encased in glass or covered with a roof

 How: The Empire State building sells tour packages through its website. The price of admission will depend on the age of the visitor and which floor of the building they would like to go to. Guided tour packages are also available. Decks are open from 8am to 2am daily.

Top of the Rock

via

Quick Facts

• Actually get to view the Empire State Building because you are not on it!
• Capture the iconic photo of it standing among the skyline
• Also great views of the park – slightly altered because of the construction on 57th Street!
• Timed Entry system makes it much less crowded
• Originally opened in 1933 re opened 2005

How: Sold through the Top of the Rock website and work in a similar fashion in that tickets are priced according to age. There are special add ons available and note – a surcharge exists if you want to go at sunset! Open from 8am to midnight daily.

One World Observatory

via

Quick Facts

• Opened in May of 2015 and offers some of the best views of landmarks because you can even see the Statue of Liberty and Governors Island as you are located downtown
• Highest observation area in the city at the moment
• In addition to being able to simply take in the views, there are interactive elements along the way including videos depicting the construction of the tower

How: Prices vary according to age like the other options, and additionally, packages can be purchased. Special packages include options for entertainment and food as well as options to purchase expedited entry. Hours have varied, but spring/summer and the long days the seasons bring tend to have availability from morning until night.

Statue of Liberty

via

Quick Facts

• The Crown of the Statue of Liberty offers an observation deck, however, this is more about the experience itself rather than the views once you climb the 162 stairs to the top
• Lines can be very long
• Not that high and located a distance away from Manhattan so views are not as great as from atop the other decks
• Looking to see the Statue? Consider a Boat Cruise or the Staten Island Ferry

How: Tickets are available through Statue Cruises and vary in price depending on whether it is for a child or adult.

Coming Soon

via

30 Hudson Yards: The much talked about Hudson Yards Mega Project has another reason to be talked about – the sky-high observation deck that will be at 30 Hudson Yards. Upon completion, it will be the 5th highest observation deck in the world as it protrudes from the 100th floor of the building.

In addition to the outdoor deck, the Hudson Yards Observation Deck will offer a complete New York experience, offering the opportunity to have a cocktail or host a celebratory dinner. The deck is slated to open in March of 2019.

One Vanderbilt:

via

The office building that is rising in Midtown East will have a publicly accessible observation deck similar to that of One World Trade and Empire State. Upon completion, the indoor/outdoor deck will stand 1,020 feet about the ground. Visitors will be able to access the observation deck through Grand Central. Construction on One Vanderbilt is slated to wrap up until 2020 so pricing for tickets has not yet been released.

Things to Do this Spring with your Family in New York City

If it’s variety you seek for spring activities with your family, look no further than New York City. New York is notorious for its countless museums, sightseeing opportunities and parks that are sure to keep the whole family entertained during all of April and May. And although these are offered year-round in the city that never sleeps, there is something extra special about New York in the Spring, when the city is just starting to shake off winter. Here are some of our favorite family-friendly spring activities in and around The Big Apple. 

What is spring without baseball?

via

New York is home of the Yankees, one of baseball’s most decorated teams in Major League Baseball. The Yankees’ season is off and rolling already, and they’ll be playing all the way through a hopeful playoff run in October - knock on wood. There’s no better time than the spring to catch a ball game with your family. If you plan ahead of time, you can book a family tour of the stadium before the game and get a behind-the-scenes look at the making of the 27-time World Champion team and their home turf. 

New York is also home base for the Mets and the team will have a handful of home games at their stadium through the spring as well. Both the Mets and the Yankees are some of the most successful franchises in baseball history. The Mets are off to their hottest start in quite a while and have a loaded batting lineup featuring All-Star outfielder Yoenis Cespedes. 

Central Park

Take the family on a relaxing walk through one of the most beautiful and famous parks in the world. After experiencing the hustle and bustle of the city, Central park can be a calm place to lounge. If you’re looking for a fast-paced activity, explore bike rentals near Central Park. 

An iconic American food restaurant, Tavern on the Green in Central Park, has attracted prominent people throughout the decades. This dining hot spot has even been mentioned in popular movies like Ghostbusters. Tavern on the Green was recently reopened in 2014 under new ownership.

The Central Park Zoo is open year-round and encourages visitors to get close with a variety of animals. There are viewing opportunities for penguin and sea lion feedings. This is a wonderful spot to take children while on a family spring break trip and makes for a fun, interactive day of entertainment.

Special Spring Events

via

Depending on exactly when your family’s spring break is or when you have some time off, major parades and other events will be strolling through the city. For a flower-filled springtime themed day, go to the Orchid Festival, otherwise known as New York’s nod to the changing season. Spring is the season for garden parties, and it’s hard to think of a lush green space more perfect for a booze-filled afternoon than the New York Botanical Garden. The Botanical Gardens will be in full bloom with thousands of orchids through all of April. 

For a rainy spring day, take the kids to visit the Brooklyn Museum. Relive the glory days by stopping by the new David Bowie exhibit that portrays Bowie’s life through pop culture multimedia that includes audio, video and animations that coincide with various items on display. The exhibit features interactive attractions from his early teenage years all the way through his peak of superstardom. 

The land of witchcraft and wizardry returns next week as the popular theatrical play Harry Potter and the Cursed Child – Parts 1 & 2 hits the Broadway stage. Performances for the play began on April 7th and will last through May 13th. Browse online deals for tickets to this Harry Potter spectacle or theater shows around New York City. 

What to Eat

Eataly is a huge Italian marketplace with some of the best Italian cuisine downtown. It’s not exactly the most obscure attraction but it’s a neat little atmosphere with some incredible food and is home to authentic Italian groceries and dining. Eataly is still fairly new to the city, having opened in NY back in 2010, but there are locations all over the world.

Located on the southern tip of Manhattan in Battery Park City is Pier A Harbor House, a beautiful restaurant right on the water. With incredible views at this place, the Harbor House makes for a great family afternoon with tasty seafood and some neat surrounding parks to walk off the buttery lobster lunch.

One of the most popular outdoor restaurants downtown is the Hudson Clearwater in lower Manhattan. Folks dine here in the spring for the Southern Eggs Benedict and seasonal fresh fruit. Though known for its tasty brunch menu, this New American restaurant also offers creative cocktails and healthy vegetarian options. 

Guest Blog by Jeremy Alderman

Has the Second Avenue Subway Line Increased Real Estate Values?

via

The Second Avenue Subway line was a long time in the making and captured the New York Metro Area’s media attention for much of 2016-2017. Prior to the opening of the Second Avenue line, the Upper East Side was mainly served by the 4/5/6 subway line on Lexington Avenue. That meant many people living to the east of Lexington Avenue and toward the river had not only a hike to the closest subway, but also it was the only subway option. For this reason, some people preferred to take their real estate search to other neighborhoods with more access to public transit.

Values have Risen

The Second Avenue line on the Upper East Side has been open for a little over a year now with January 2018 marking the 1-year anniversary. So the question begs – has the opening of the subway had a positive impact for real estate in the neighborhood?

Research published by Streeteasy shows that prices in the Yorkville area of the Upper East Side rose year over year. This increase in both rents and sales comes at a time when the Manhattan market is cooling off in some respects. Sales rose 2% in price while rent rose 4% in the 12-month period. For the latter, this increase in rent prices was second only to the Financial District was has very large access to public transit and has been experience and economic rebirth in the post 9/11 era.

Increased Interest

A noticeable increase in interest has been observed in properties on Second Avenue and East because of the subway access. Within the Upper East Side, Yorkville has seen the biggest increase interest thanks to its affordability relative to other sections of the Upper East Side as well as its proximity to the new transit line.

Resale is not the only area seeing positive impacts from the Second Avenue line. Developers also bet on the area, breaking ground on projects before the line was completed and opened. Luxury developments in the area include:

·         20 East End Avenue

·         The Kent at 200 East 95th Street

·         Citizens 360 at 360 East 89th Street

·         389 East 89th Street

Those that took the risk and bought before the subway got a discount and are now reaping the rewards! We expect that the Upper East Side will continue to have a robust market with increased interests.

Second Avenue is home to many great restaurants and bars and new additions keep opening from food to fitness. Some favorite and notable locations along Second Avenue include:

• Quality Eats
• A La Turka
• Maison Kaiser
• Two Little Red Hens
• Ripped

The Victoria Shtainer Team’s Exclusive Upper East Side Opportunities:

408 East 79th Street, 17AB

Convertible 5 Bed | 5 Bath | $7,395,000

1355 1st Avenue, 6th Floor

4 Bed | 4.5 Bath | $6,495,000

5 of the Best Buildings Along the High Line

The High Line, a former rail line used to transport goods along the lower West Side, has transformed the West Chelsea area of Manhattan into one of the hottest neighborhoods for new development. Over the past years, developers having been racing to scoop up plots of land adjacent to the elevated park to construct luxury condos.

Today, the High Line is a popular destination for enjoying the warmer months in the city, strolling along and taking in the various skyline views. Additionally, some of the best names in architecture have built condos that are attracting high-end buyers. Below are 5 of the top buildings along the High Line in West Chelsea.

Soori

Situated at 522 West 29th Street, Soori High Line is most known for the inclusions of private pools into the modern design of 16 of the 31 residences.

via

QUICK FACTS:

• Greatest number of homes with private pools in the city
• Designed by SCDA
• Ceilings Up to 18 Feet
• Verenna Poliform-designed Kitchens

The Getty

Peter Marino has designed an ultra boutique condo at 501 West 24th Street that only a few lucky individuals will get to call home.

via

QUICK FACTS:

• 12 story building consisting of only 6 bespoke homes designed by Peter Marino
• Base will be a museum and gallery holding the private collection of J. Tomilson Hill worth $800 million     
• All floorplans different and decked out in 80 various kinds of stone, marble, and wood finishes
• Penthouse will have a private, rooftop pool 

Jardim

First residential project in New York City by Brazilian architect Isay Weinfeld that will incorporate many lush gardens and landscaping. Located at 527 West 27th Street.

via

QUICK FACTS:   

• Gardens/outdoor spaces will be central to the project with a lush, central garden that will connect the development’s 2 towers
• Name is the Portuguese word for garden
• 2, 11-story towers with 36 1-4 bedroom condos – both towers have duplex penthouses
• Pricing expected to start just under $2 million
• Amenities: pool, fitness center, massage & treatment rooms, kid’s playroom, and 38-car parking

520 W 28th Street

520 W 28th Street is the late Hadid's only project in New York, and thus, has an inherent special value to it as it brings her signature elements along the High Line. The design is based on graceful curves inspired by nature that are a contrast to the hard angles generally seen in residential architecture

via

QUICK FACTS:

• 39 Residences
• Kitchens custom designed by Zaha Hadid in collaboration with Boffi
• Amenities include: 75 ft sky lit pool, private iMax movie Theater, wellness level, lounge level, and entertainment suite on the High Line

515 High Line – 515 W 29th Street

Located at 515 West 29th Street, 515 High Line will be Soo Chan's, principal of SCDA, masterpiece in West Chelsea.

via

QUICK FACTS:

• 11 story condo with curved glass fin facade

• 15 apartments, 5 of which will be penthouses

• Designed by Soo Chan, Principal of SCDA

• Each residence will have direct, keyed elevator access

• Design features include  Bulthaup Kitchens with Gaggenau appliances, custom millwork, and Lutron HomeWorks QS System     

Interested in the buildings above or living in West Chelsea? Contact us to get info on these buildings and to arrange your appointment.