If You Build It They Will Come
It does not number among the most gracious edifices that line Park Avenue, but now that its conversion to luxury condos is almost complete 530 Park Avenue is trying to command the same lofty prices as its more elegant neighbors.
A three-bedroom, four-bath duplex, No. 15B, has made its market debut asking $9.85 million. (A four-bedroom on a lower floor was listed for the same price in late October.) From the listing description—all baths are marble, there’s a library, a formal dining room and Park Avenue views—it seems to be doing a pretty good job of aping its more elite neighbors. Although the building’s new deep-pocketed residents will have to share their common space with the remaining renters protected by rent-stabilization laws.
Big sodas may be history, but wealthy New Yorkers are demanding ever bigger apartments. More, more, more!
Manhattan House, that white brick behemoth on East 66th Street, is only too happy to oblige. The landmarked building, inching along in its conversion to luxury condos, has developed five new spacious layouts.
“People like space, people want space and if they can afford it, why not?” said Loretta Shanahan Bradbury, director of sales at Manhattan House. “It’s not necessarily the number of people living in the apartment. It’s just what they want, and if it’s what they can afford, that’s what they’re buying.”
Monday night The New York Observer joined forces with luxe residential complex Manhattan House for their Hamptons Preview Party. Guests mingled outside in the exquisite sculpture garden sipping wine and lemonade cocktails. Esteemed documentarian Albert Maysles sipped red wine and chatted with Anthony Haden-Guest, while “The Image Guru” Montgomery Frazier made rounds in a striped gondolier’s shirt Read More
Lee Harris Pomeroy has worked on such New York City landmarks as the Plaza Hotel and Grand Central Terminal, though perhaps none is as dear to his heart as the penthouse the architect created atop 285 Central Park West.
He had lived in the 1900 landmark for more than a decade with his wife, the author Read More
“I’m an aesthete,” developer Jerry O’Connor said Tuesday night at his gargantuan Manhattan House, talking to a medium-sized crowd that was sipping cocktails and taking bites of pink and white dumplings. They were there in the building’s hefty garden to unveil two new Hans van de Bovenkamp sculptures, Trinity and Red Gateway, and to celebrate Read More
From The Real Deal: "The record $1.1 billion Manhattan House conversion on the Upper East Side has run into resistance from several major commercial banks that have either refused to finance condo deals there or demanded exorbitant down payments from contracted buyers. Sources familiar with the building said at least a dozen condo Read More
The same judge who ruled in favor of Sheffield57 tenants last March has delivered a similar decision for market-rate tenants of the Manhattan House, The Real Deal reports, blocking evictions sought by new owners who are converting the 583-unit Upper East Side landmark into a condominium building. Read More