Posted by Leonard Steinberg on December 31, 2010 Of course we are completely biased, as we were actively involved in the creation and marketing of 200 Eleventh Avenue. And while it may not be a huge compliment, we took it as one when CURBED.COM rated 200 Eleventh Avenue the BEST NEW BUILDING OF 2010. Kudo’s… [Read More]
BRACE YOURSELF: IS LUXE-HYPER-INFLATION AROUND THE CORNER?
Posted by Leonard Steinberg on December 19, 2010 Downtown New York residential real estate inventories are now approaching the levels of 2005…..does this equate to the beginnings of a shortage? With new construction having ground to a virtual halt over the past 2 years, we should not expect any brand new DELIVERABLE quality ultra-luxury apartments for… [Read More]
UN-THANKFUL? A THANKSGIVING REALITY CHECK….
Posted on November 24, 2010 by Leonard Steinberg Are Americans un-grateful, using Thanksgiving as a veiled attempt at appearing thankful? Here are some thoughts: 1) We have exited a HUGE recession, somewhat close to a depression within 24 months, and yet everyone is complaining how SLOW the recovery is. 2) Real estate prices,… [Read More]
SUPERIOR INK HOUSTON ROCKETS PENTHOUSE SELLS FOR (KINDA)RECORD
The penthouse at the Superior Ink building in Greenwich Village, New York, owned by Houston Rockets owner, Leslie Alexander, has sold for a record $ 31,5million according to the Wall Street Journal. But is it a record for Downtown? Yes and no. The quadruplex combination penthouse at 200 Eleventh Avenue sold for around $ 33… [Read More]
IS THERE REAL LUXURY? OR IS IT JUST A BIG CON?
In this morning’s Financial Times, Aswath Damodaran, the NYU business school professorwho moonlights as the guy who teaches Goldman Sachs trainees about how to value companies, said he defined luxury as an industry that has figured out how to leave people feeling good about being suckered. He also said you can’t value luxury; it’s in the… [Read More]
200 ELEVENTH AVENUE COMES TO LIFE WITH ‘SNOB’.
Tonight, 200 Eleventh Avenue, the iconic new landmark in the West Chelsea Arts District designed by Annabelle Selldorf and built by Glauco Lolli-Ghetti of Urban Muse and Young Woo and Associates came to life with the launch of SNOB magazine, the Russian language magazine geared towards the growing Russian community in the USA. On one… [Read More]
DOWNTOWN! Manhattan’s favored suburb. Convenience is the new luxury.
Is Downtown Manhattan the new New York SUBURB? With 200 Eleventh Avenue, you have a garage attached to your own apartment……many full-full service buildings are becoming similar to suburban ‘gated communities’ affording even more conveniences than their suburban counterparts….think 101 Warren Street with its own Whole Foods, Bed Bath and Beyond and Barnes and Noble IN… [Read More]
MAJOR MANHATTAN SKYLINE CHANGES COMING?
It is now certain that within the next 10 years, the Manhattan skyline will look very different. Plans for a spate of significant high rise buildings appear to be moving forward now as the economy slowly un-locks. Developers are readying two residential towers that will rise above most of Midtown. The massive mixed-use development planned… [Read More]
THE MANHATTAN GARAGE
In this weekend’s New York Times, a story about the highly desirable private garage is a good read….of course, boldly mentioned is 200 Eleventh Avenue, the only condominium tower in the USA featuring private garages attached to each apartment, vertically, known as an En Suite Sky Garage. Developed by Urban Muse and Young Woo &… [Read More]
WATCH OUR SUB-ZERO: HERE’S THE NEXT CHIC APPLIANCE!
First it was granite counters, then stainless professional appliances, ESPECIALLY a Sub Zero fridge, then Crestron sound system, and so on and so on….: Could the latest-greatest amenity for you home be the car charger? What about this ultra-sleek-apple-chic charger from GE? Designed by Yves Behar, we think it looks great. With Tesla a publicly… [Read More]