Take A look at Morris Adjmi’s New Downtown Condo

Last week Landsea Homes and DNA Development just launched its teaser site for their boutique downtown condo. Swedish for “unite,” Förena is fittingly named for its prime location at the nexus of downtown’s top neighborhoods. Here’s an inside look at its one-of-a-kind design.

Credit: BRDAR

NYC’s celebrated architect Morris Adjmi designed Förena inside and out to evoke a powerful sense of serenity, creating an island of calm within the bustling neighborhood. Its distinctive facade uses symmetry to cultivate a familiar presence amidst the unpredictable streetscape, with masonry detailing, cascading setback terraces and sloping metal frames that form a modern crown.

Launching sales very soon, Förena’s 50 soothing homes embrace tranquility with high-quality materials and a Scandinavian-like color palette. Each home boasts a fluid layout with floor-to-ceiling windows for immense natural light, and several will enjoy private outdoor space. The robust amenities include a rooftop outdoor dining and kitchen area, a modern fitness center, a landscaped Zen garden and much more. Eklund | Gomes will lead sales for Douglas Elliman Development Marketing, the exclusive sales and marketing agency for Förena, and pricing will begin at $1.3M.

Have a listing you think should be featured contact us or email at Jeremy@offthemrkt.com to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.

124 West 16th Street Sells Out Amidst Pandemic

124 West 16th Street

Developer Grid Group, along with exclusive sales and marketing agent, Corcoran New Development, has announced announce that the final 9th floor residence at 124 West 16th Street is officially in contract.  Nicole Hechter of The Corcoran Group, along with Masayo Hashimoto, led sales at this highly-successful loft-inspired building with a distinctive bluestone façade.

This milestone makes 124 West 16th Street the only Manhattan condominium to launch during 2020 and sell out within a year.  The achievement is even more notable because after launching in February, activity was curtailed from mid-March to June due to the New York State stay-at-home orders.

The average sales price of the boutique building’s 15 units was over $5.8 million and $2,370 per square foot - well above the Manhattan market-wide average.  In addition, nearly every apartment received multiple offers.

“Grid Group has their the finger on the pulse of what New Yorkers desire in a home today,” explains Hechter.  “124 West 16th Street is a next-level boutique building with custom upgrades and generous floor plans - all with private outdoor space.  Plus with the building nearly complete, new owners can move in promptly – and avoid years of waiting.  These factors all resonated strongly with buyers.  Many walked in and immediately knew it was ‘the one.’”

“The pace of sales at 124 West 16th Street exceeded all expectations,” added John Felicetti, Vice President of New Development at The Corcoran Group. “To sell out during one of the most complicated markets in history is a testament to the talented sales team, calibrated pricing, and the superior quality Grid Group upholds in all of their buildings.”

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Douglas Elliman Development Marketing To Oversee Sales and Marketing for Graydon Chelsea

 Douglas Elliman Development Marketing announced that the firm will be handling the exclusive sales and marketing for the ground up new residential condominium project, Graydon Chelsea. Developed by Pan-Brothers Associates and Valyrian Capital with architectural design and residence interiors by Kutnicki Bernstein Architects, the Graydon Chelsea, a 15-story building with an elegant terra-cotta tile façade and oversized windows is located at 128 West 23rd Street in the heart of Chelsea. Greg Williamson, Andrew Anderson and Bruce Ehrmann at Douglas Elliman are the exclusive agents for the project. 

“Graydon Chelsea is a sophisticated sanctuary in the heart of Manhattan’s tech hub and creative core. We are looking forward to bringing this residential offering to market,” said George Pantelidis, co-founder and Principal, Pan-Brothers Associates.

The 30 residences are a blend of one-and-two bedroom units with a three-bedroom penthouse. More than half with outdoor spaces. Spanning 610 square feet to 2,481 square feet each residence features sound attenuated 8’ to 9’6” tall windows, 6” plank European white oak wood flooring, living room ceiling heights from 9’8” to 11’-2”, high-efficiency central heating and cooling and Bosch washer and dryers. Kitchens have custom Italian cabinetry with walnut wood veneer and lacquer finish from Cesar New York, Porcelanosa polished-chrome fixtures with undermount sink, Blue de Savoie marble-slab kitchen countertops and Miele appliances including a refrigerator, stainless steel oven and dishwasher.

Primary bathrooms boast a custom walnut vanity by Cesar New York, Pietra Cardosa vanity countertops, Porcelanosa polished chrome fixtures, Porcelanosa Sotto undermount sink, Porcelain Cararra stone walls and black slate herringbone pattern stone tile flooring. In the secondary bathrooms are Custom Italian ash vanities by Cesar New York, Porcelanosa polished chrome fixtures, Bianco Carrara slab vanity countertop, Harlem Acero floor tile and spire pattern tile walls. Powder rooms have Anne Sacks terrazzo wall tile.

“The building’s modern design coupled with such elegant finishes will attract discerning buyers,” explained Andrew Anderson. “We anticipate buyers will be especially drawn to this project for its small size and low-density living in the wake of COVID-19,” added Bruce Ehrmann.

Amenities include an attended double-height lobby, appointed with Carrara marble desk, limestone floors, hand plastered walls and original artwork and a South-facing second floor residents’ lounge and fitness center with custom millwork, TV and wet-bar. Also on the second floor is a landscaped terrace with outdoor fireplace, kitchen and dining area. The landscaped roof terrace with city skyline views offers an outdoor barbeque and wet bar. Private storage units are available as well as bicycle storage.

Graydon Chelsea is perfectly situated downtown near the West Village, The Highline and the Flatiron District. It is central to multiple transit lines and conveniently located near trend-setting culture, art, food and fashion.

Pricing ranges from $995,000 to over $5 million. Sales will commence this month with occupancy slated for fall of 2021.

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Morris Adjmi-Designed Condo Förena Tops Off

Landsea Homes – a California-based homebuilding company that designs and builds best-in-class homes and sustainable master-planned communities in some of the nation’s most desirable markets – in partnership with DNA Development, a privately held real estate investment and development company, has officially topped off at Förena, their 12-story boutique condominium development designed by Morris Adjmi Architects located at 540 Sixth Avenue.

Jed Lowry of Landsea Homes, Alexander Sachs and David Berger of DNA Development, and John Gomes of Douglas Elliman’s Eklund|Gomes team along with the Förena sales team

The developers recently came together with the Eklund|Gomes team and Douglas Elliman Development Marketing, the exclusive sales and marketing agent for Förena, and the team from Morris Adjmi Architects to commemorate this important milestone, as the striking modern building comes to life, enlivening the northeast corner of 14th Street and 6th Avenue. Once complete, the building will introduce 50 well-appointed residences comprised of one-, two- and three-bedroom homes, many with private outdoor space, along with landscaped shared courtyard and rooftop amenities.

“To put it simply: We are absolutely thrilled to celebrate this milestone at Förena. Our teams have gone above and beyond, in spite of the unique challenges faced earlier this year, to advance this exceptional, high-quality development that will transform the streetscape and introduce an exceptional new residential offering,” said Jed Lowry, Division Vice President, Landsea Homes, New York Metro Division.

“We are excited to see our collective vision come to fruition at Förena,” said Alexander Sachs, Partner at DNA Development along with David Berger.” Once complete, Förena will introduce a truly best-in-class property at the nexus of Greenwich Village, Union Square and Chelsea.”

Landsea Homes also recently announced plans to merge with LF Capital Acquisition Corp. (NASDAQ: LFAC), which would make Landsea a public company in the fourth quarter of 2020.

Have a listing you think should be featured contact us or email at Jeremy@offthemrkt.com to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.

Final Residence Launches at 124 West 16th Street

Developer the Grid Group, and the sales team at Corcoran New Development, are proud to announce the debut of the pinnacle residence at 124 West 16th Street in prime Chelsea.  This is the last available unit in this highly-successful new condominium.

Located on the 9th Floor, the home spans 4,389 square feet of interior space and 795 square feet of outdoor space. This six bedroom, five bathroom loft-like home is priced at $11.995 million.

124 West 16th Street is one of the biggest sales success stories of the year. After launching sales in February 2020, the developer reports 14 out of the 15 available residences are now in contract.

Across the building, the homes under contract range from a two-bedroom with a home office asking $3.895 million to a three bedroom asking $6.995 million, averaging $5.468 million – significantly above the $2.221 million average sales price of apartments in Manhattan, as reported in Corcoran’s Q3 2020 market report. 

When Every residence has private outdoor space, whether a balcony or terrace. an extra room that can become a home office or at home workout area, and offers pre-wired for high-end speakers, Lutron-controlled recessed lighting in every room, and laundry ROOMS (not closets) with sinks and built-ins, are reasons for the buildings sucess.

Nicole Hechter of The Corcoran Group, who is leading sales with Masayo Hashimoto, reports that the building has outperformed the market since its launch and resonates more than ever with buyers.  

Have a listing you think should be featured contact us or email at Jeremy@offthemrkt.com to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.

Our Favorite Listing: An Exclusive Penthouse at The EMERSON

This week we are taking a look at 500 West 25th Street, PH in Chelsea, NY. Just launched by the Eklund|Gomes Team the sole penthouse at their newly completed boutique condominium project, The EMERSON. Located at 500 West 25th Street in the heart of West Chelsea, the sprawling 4-bedroom, 5-bathroom duplex residence features 7,500 square-feet of indoor and outdoor space and will be listed for $15,995,000. The EMERSON, developed by GDSNY, which is led by Michael Kirchmann and Alan Rudikoff, offers eight full-floor units across 10 stories.

Fredrik Eklund, John Gomes, Glenn Davis and Justin Tuinstra of The Eklund|Gomes Team at Douglas Elliman have the listing.

courtesy of Evan Joseph

With a sprawling interior of 5,115 square feet, this 4 bedroom, 5 bathroom duplex asserts itself with a dramatic and open ambience. The great room on the upper level offers an abundance of natural light, 12- foot ceilings, 6” Siberina wide-plank white oak floors and opens to its own 13’ x 39’ wide private terrace. The grand kitchen is a culinary masterpiece, illuminated by six east-facing floor-to-ceiling windows with top-of-the-line appliances including white oak cabinetry, hand selected statuary marble countertops, a large island, and Gaggenau appliances. An eastern facing fourth bedroom with en suite bathroom completes this floor.

Via elevator or stairs, the lower level accommodates three luxe bedrooms and bathrooms. With impressive scale, the enormous 13' x 24' corner master suite is flooded with light from western exposure and offers wide-plank hardwood, floor-to-ceiling windows, two large fully built out walk-in closets, a dressing room and large French doors that lead out to a terrace with views west to the Hudson River and The High Line. Head to the en-suite master bathroom for a spa-like experience featuring heated marble floors, oversized walk-in glass enclosed shower with a marble accent wall, a double sink vanity with ample storage below, and a freestanding deep soaking bathtub. Completing this floor are the eastern facing 2nd and 3rd bedrooms, each with their own en-suite marble bath, ample closet space and a significant extra room in between the bathroom and the bedroom which can be used as an office or dressing area.

Photos courtesy of Evan Joseph

The outdoor rooftop of the residence is nothing short of spectacular with panoramic views in all directions. There is ample space for multiple lounging areas as well as the possibility for full outdoor kitchen, dining and irrigated planters. This residence achieves the rare feat of being grandly scaled for entertaining while offering private and intimate spaces for day-to-day living, together with an indoor/outdoor lifestyle that exceeds all expectations. Additional features include a utility room with washer/dryer and sink, custom cabinetry, two 27-foot long galleries and ample storage space. 

500 W 25th St, New York, NY, 10001, USA.

3D Walkthrough courtesy of PropTech Consulting.

The Emerson will be delivered in a handsome Alabama limestone façade with finely articulated façade lighting by L’observatoire International, the acclaimed French firm that designed The High Line’s lighting. The building offers a doorman and a stunning lobby adorned with a custom wood detail and brass mosaic insets with 15’ ceiling that will resonate with the visual language that The High Line offers. The building is conveniently located in the epicenter of Manhattan's ultimate urban oasis teaming with the world's leading contemporary art galleries, chic restaurants and moments from AVENUE'S School, The West Village, Hudson Yards, and the Hudson River Park.

Have a listing you think should be featured contact us or email at Jeremy@offthemrkt.com to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.

Our Favorite Listing: A Home Once Lived By Kate WInslet And More

This week our favorite listing is  451 West 21st Street, an elegant single-family townhouse that Kate Winslet once called home. Located on a pristine tree-lined seminary block, and boasting 4,425 square feet of interior space spanning 5 floors plus an additional 1,950 square feet of exterior space. This home is currently configured as a 4 bedroom, 3.5 bathroom in addition to a media/home theater room, a gym, a stunning garden, and terrace, as well as a beautifully landscaped roof-deck with an outdoor shower., The home includes an expansive open kitchen, airy living and dining room, wood-burning fireplaces in both the primary bedroom and sumptuous bath with a sink that belonged to Cary Grant. A media/home theater room and gym are just a few of the additional features.

Photo Credit: Brown Harris Stevens

Upon entering this home, you will find a beautifully detailed arch inviting you into the warm and spacious open kitchen. Fitted with top-of-the-line appliances and oversized counter/cooking space, this kitchen provides for the perfect blend of living and hosting. A charming breakfast nook is located just beside the kitchen with massive windows looking onto the lovely front garden.

On the home's parlor level, you will also find a large dining area, a bright and airy living room with a wood-burning fireplace, and wide-plank hardwood flooring throughout. A quaint terrace is located just off the living room with steps leading down to the spectacular garden.

A beautiful dark wood staircase will lead you to the home's third (primary) floor. Boasting over 12' ceiling heights and 2 wood burning fireplaces, this primary floor is truly spectacular. A large pass-through closet and dressing room connects the light-filled primary bedroom and oversized master bath. The fourth and fifth floor include 2 bedrooms, 2 full bathrooms, a media/entertainment room and a den, which can easily be configured into 4 additional bedrooms between both floors.

To top it all off, this home features a breathtaking landscaped and furnished rooftop with spectacular views, an outdoor shower, and completely private! A full kitchen and in-home gym are located in the garden level of this home with access to the charming garden. Just steps away from the Highline, Chelsea Market, Chelsea Piers, Avenues School, and Hudson Yards the perfect location for anyone. Fabulous restaurants, shops, and incredible art galleries are all located nearby and minutes away.

Listed for $6,995,000, and represented by Chris Poore and Eyal Dagan of Brown Harris Stevens.

Have a listing you think should be featured contact us or email at Jeremy@offthemrkt.com to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.

Indulge in Breakfast at These Three Spots in NYC

We all know where to eat dinner or even a power lunch, but breakfast hasn’t been getting the love the most important meal of the day should. While being overlooked by Brunch, we’re highlighting three spots where you can eat the best breakfast in New York City any day of the week.

Hole in the Wall 

Hole in the Wall serves brunch favorites at both their FiDi (15 Cliff St.) and Murray Hill (626 1st Avenue) locations from 9am - 5pm, Wednesday - Sunday. Signature dishes from Executive Chef Brent Hudson include his Brekkie Bagel with double-smoked bacon, scrambled eggs, American cheese, fresh tomato, pickles, Verde mayonnaise and a side of waffle fries, Chili Scrambled Eggs with tomato kimchi salsa, sambal emulsion, avo and shaved parmesan, and a Pulled Pork Benedict featuring 12-hour slow-braised pork, poached eggs, burnt butter hollandaise and beet relish.  

Carnegie Diner & Cafe 

Carnegie Diner & Cafe (205 W. 57th St.) in the heart of Midtown features an extensive all-day breakfast menu, which includes a Lobster Benedict, Steak & Organic Eggs, a dozen types of pancakes, decadent waffles and French Toast in addition to bagels, croissants and muffins. Enjoy a bottomless cup of coffee for $3.50 or unlimited mimosas for $19.95 per person Monday - Sunday from 9am - 9pm.

Loulou 

Loulou (176 8th Ave) in Chelsea just kicked off weekday breakfast service, featuring the Gruyere’ Omelet with fine herbs, roasted heirloom tomato and a frisee salad, a Mandarin Parfait with Greek yogurt, mandarin, blueberry, coconut and house granola, and a Smoked Salmon sandwich with capers, arugula, crème Fraiche and ciabatta. Terremoto Coffee is served day and night. Brunch is available from 9am - 12pm Monday - Friday and from 11am - 5pm on weekends.

Have a listing you think should be featured contact us or email at Jeremy@offthemrkt.com to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.

Merchants NY To Open In Chelsea

As the city starts to reopen, so are new restaurants as  Merchants NY will be opening in a new Chelsea location (190 7th Ave) on June 22 for outdoor dining, relocating from its original home (112 7th Avenue) for more than 25 years.

Merchants NY - Food - Roast Chicken and Wine Glass 

Fully redesigned by Wid Chapman Architects, the multii-area restaurant features an outdoor cafe, bar, dining room, middle and back lounge featuring a plush, intimate seating concept in signature “living room” style. The menu will highlight classic American fare with a curated beer list by Certified Cicerone Anne Becerra as well as unique, signature crafted cocktails.

Designed by Wid Chapman Architects, the modern clubhouse style restaurant features four distinct areas: an expansive outdoor café, bar and dining room adjacent to a wall of bi-fold doors leading to the outdoor café, middle lounge and back lounge. The front bar and dining room are lined with rustic plaster walls and succulent filled cabinets that open up and add light to the room. The middle lounge offers a casual indoor “garden” room, with seating encased by whimsical low wood-clad plant walls and surrounded by a dynamic Manhattan-inspired mural. For those seeking a more intimate experience, the back lounge is outfitted with low lying velvet sofas, private nooks and a fireplace providing a sophisticated backdrop for unparalleled comfort. Merchants NY can accommodate private events from 20 to 200 guests.

“We are excited to celebrate 25 years of operations at Merchants NY and are ready to welcome our guests back with our friendly and dedicated service,” said Abraham Merchant, President and Chief Executive Officer of Merchant Hospitality Inc. “We have taken all necessary measures to keep staff and guests safe and socially distanced to ensure that Merchants NY becomes their much needed ‘home away from home’ after the last few months of lockdown,” added Merchant.

Chef Antelmo Ambrosio designed the Merchants NY menu to feature classic American fare including French Onion Soup, Grilled Cauliflower Steak, Roast Chicken and decadent burgers.  Certified Cicerone Anne Becerra has developed a curated beer list to complement Chef Ambrosio’s creations. And signature crafted cocktails such as the tequila-based Koicha NY and the glittering gin-based Rethink Paloma round out an extensive beverage program.

Beginning June 22, Merchants NY Café will be open daily from 12 PM to 11 PM. During Phase III of New York City’s P.A.U.S.E., the kitchen will be open until 2 AM and the bar will be open until 4 AM daily. Brunch will be served weekends from 11:30 AM until 4:30 PM.

Have a listing you think should be featured contact us or email at Jeremy@offthemrkt.com to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.

Our Favorite Listing:NBA Superstar Carmelo Anthony Lists His Full-Floor NYC Condo for $12.85M

Our favorite listing this week is 508 West 24th Street, Unit 5th Floor, home to NBA Player Carmelo Anthony. The ten-time NBA All-Star, has listed his New York City condo. The home is the largest unit in the Cary Tamarkin designed building at 508 W 24th that overlooks the High Line and is walking distance from world-class shopping and prominent art galleries. 

The fifth-floor home is 4,556 square feet - the largest unit in the building - and is easily accessible through a private elevator. The home offers five bedrooms and four bathrooms, 10-foot ceilings, and rift and quartered white oak floors throughout.

“The full-floor loft is an art collector's dream with ample wall space and an ideal location next to the Highline,” said Kevin Mallen of The Michael Graves Team, Compass. 

The unit is also ideal for quiet living and entertaining. The living quarters are separate from the two large entertainment rooms and dining areas. The residence features desirable 360-degree-views and includes a private balcony that overlooks the Highline. 

The condo is being listed as Carmelo is in the market for another residence in the New York area. The perennial all-star recently began the next chapter of his storied career, signing a new contract with the Portland Trailblazers.

Kevin Mallan of Compass is the listing agent.

Have a listing you think should be featured contact us or email at Jeremy@offthemrkt.com to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.

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Grid Group's 124 West 16th Street Launches

Leading New York City developer Grid Group announced today that 124 West 16th Street, a collection of fifteen custom condominium residences, have officially entered the market. Ideally located on a tranquil block in prime Chelsea, both the striking Bluestone facade and the gracious interiors, all with private outdoor space, are envisioned and executed with exquisite detail. Sales led by The Corcoran Group agents Nicole Hechter and Masayo Hashimoto will start at $3,795,000. 

With architecture conceived by David Howell of DHD Architecture & Interior Design and finished to the exacting precision of developer/builder Grid Group, 124 West 16th Street promises to be one of the most sophisticated boutique residences in Chelsea.

Each home has a unique layout, with expansive floor plans that focus on an elegant great room that provides a seamless flow for living and entertaining. All residences feature high, loft-like ceilings, 7” wide-plank American White Oak flooring with a custom stain, and gas fireplaces with flat screen recesses above. Each residence owns a private outdoor space accessed through a Belgian-designed sliding glass door, whether a balcony, terrace or private roof deck. 

“Throughout our entire portfolio, we are dedicated to the utmost in quality construction and design, and we’ve taken it to the next level at 124 West 16th Street. These are classic, elegant New York City apartments with all the modern conveniences, right in the heart of where New Yorkers want to live,” said Yiannes Einhorn of Grid Group.

Photo’s courtesy of MW Studio.

The residences at 124 West 16th Street offer truly impressive custom-built details consummate with Grid Group construction. Stunning millwork and cabinetry is showcased throughout kitchens and baths, as well as delivered with the full laundry rooms and wet bars, included in select residences. Behind the walls, no detail has been overlooked; kitchens, dryers, and bathroom fans are fully vented to the outside, residences are completely pre wired for sound with high-end speakers, and high performance ducted systems for heating and cooling are individually zoned for each apartment. 

Prices for the residences range from approximately $3.8 million to nearly $12 million for a six-bedroom full floor residence, all with private outdoor space, and a separate storage room included. Occupancy is projected for the second quarter of 2020. For more information, please visit www.124w16.com or call 917-514-5874 for a tour of the building’s onsite model residence. 124 West 16th Street is exclusively represented by The Corcoran Group.

Have a listing you think should be featured contact us or email at Jeremy@offthemrkt.com to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.