505 Greenwich Street - Condo - SOHO - by Handel Architects

[Edward]

Separating 505 Greenwich from 497 Greenwich thread...


Posted by Derek2k3:

505 Greenwich Street/499 Greenwich Street
14 stories 150ft
Gary Handel & Associates
Under Construction Summer 2003-2004

Metropolitan Housing Partners
\http://www.metropolitanhousing.com/m...il&proj=13

505 Greenwich - MHP in partnership with Synchron Corporation is developing this $82.5 million, 102 unit, 14 story condomonium project in western SoHo, New York, NY. Construction began in Summer 2003. The project design team includes Gary Handel & Associates as architect and DeSimone Consulting Engineers as structural engineer.

http://www.505greenwich.com/


Posted by ZippyTheChimp:

Dec 13, 2003.
View from Canal St.

[Edward]

Hudson River in ice, Hudson River Park's Pier 25, Empire State Building in the colors of Dr. Martin Luther King Jr. Day (Red/Black (no lights)/Green), and the construction of 505 Greenwich Street. 19 January 2004.

[stuckat1]

Does anybody know the prices for these units?

[Edward]

You should contact these people to find out about the prices

http://www.505greenwich.com/contact.asp

[mack2897]

anybody know when they will begin marketing and what the breakdowns are between 1 and 2 bedrooms? thanks.

[Edward]

http://www.nypost.com/realestate/16383.htm
WEST SIDE (PET) STORY
By KATHERINE DYKSTRA

February 21, 2004 -- At 505 Greenwich, luxury is going to the dogs - and cats

LUXURY condos, it seems, will do anything to distinguish themselves

And if a 24-hour doorman and fitness room are standard, why then, the next step is a pet spa! Fur sure. At 505 Greenwich, a complex between Spring and Canal that they're building as you read, they want to make sure you have a place to clip Fluffy.

"We're pet-friendly and we want to make it easy on people who have pets," says Jane Gladstein, a principal with developer Metropolitan Housing Partners. "You know, so you don't have to bathe your pet in your own bathroom." The dogged development has 50 percent of the units taken since they were put on the market in early January. (Prices range between $770,000 to $3.5 million.) The building is scheduled to open its doors this October. It wasn't dog daze that sold Denise Levine, who just bought a one-bedroom with her husband, Jay. "I was disinterested in the pet spa, but the [newly restored] Hudson River Walk was huge for me," she says. "They have concerts on the water and dancing and movies at night. Plus, the whole neighborhood has become a wonderful combination of new and old. It just gets better." The 14-story, 104-unit building Levine will call home is pretty distinctivelooking. Two faces of the exterior are gigantic glass curtains. The entire structure rests on a burnished copper pedestal, a subtle nod to printing presses that used to inhabit the area. Enter the lobby and you'll be greeted with ribbonstriped mahogany panels, bush-hammered Jerusalemlimestone walls and a glassand- stainless-steel bridge that traverses river rock (all interior-design speak for "it'll be posh.") The units - one-, two-, and three-bedroom apartments in sizes that range from 722 to 2,400 square feet - have mahogany floors. There are cherrywood vanities with tri-view medicine cabinets in the bathrooms, which sound pretty fancy, but hey, you don't have to waste them on your dog.

[Edward]

Construction of 505 Greenwich Street nears completion, 497 Greenwich to the right. 18 April 2004.

[Gulcrapek]

Coming along just like the renderings... very nice.

[Kris]

April 30, 2004

RESIDENTIAL REAL ESTATE

Sale of Luxury Condos Is Brisk at Hudson Square

By EDWIN McDOWELL

Two blocks from the Hudson River, in the western portion of SoHo known as Hudson Square, the site where an abandoned warehouse once stood is now well along toward becoming a sleek 14-story building with 104 condominium apartments.

The building, at 505 Greenwich Street, will offer luxury homes in an area that was once the center of the commercial printing industry. Sales began in January, and more than 80 percent of the units have been sold, said Jane Gladstein, a principal in Metropolitan Housing Partners, which is developing the building with Apollo Real Estate.

Initially, according to Christopher Martorella, another principal in Metropolitan Housing, the developers' plan ran into community opposition. But, Mr. Martorella said, residents supported the proposal after it was switched from rental apartments to condominiums.

The marketing of the condominiums, by an arm of the Corcoran real estate group, also was the subject of controversy in January, when some brokers complained that they were not being allowed to show the units.

At the time, Pamela Liebman, Corcoran's chief executive, said that at the developers' direction, priority was being given to a list of prospective buyers who had expressed interest in the condominiums, and that the building would soon be open to brokers from rival firms. Steven Spinola, president of the Real Estate Board of New York, which regulates the actions of brokers, said at the time that Corcoran had not violated any of its guidelines.

The building, which is to be completed this fall, has 25 three-bedroom apartments, 42 two-bedroom units and 37 one-bedroom apartments, with sizes ranging from 722 to 2,400 square feet.

Three of the building's four penthouses, one three-bedroom and two two-bedroom units, have been sold, for prices ranging from $2 million to $3.7 million. The remaining penthouse is a two-bedroom apartment of 1,585 square feet, with an asking price of $2.3 million. Asking prices for the remaining two- and three-bedroom apartments range from $1.4 million to $3 million.

Handel Architects, the firm that reshaped the Lincoln Center area in the 1990's with mixed-use projects for Millennium Partners, designed the building, which has a glass and precast concrete facade atop a burnished copper base. There will be a landscaped private courtyard.

The luxury apartment building is one of two nearing completion in Hudson Square. Immediately to the south of 505 Greenwich Street, at 497 Greenwich Street, a condominium building with an 11-story undulating glass facade is expected to be ready for occupancy in June. The glass facade extends in an inverted L shape over a six-story former warehouse that is to contain 8 of the project's 23 apartments. All but six of the apartments have been sold, according to Richard Cantor of Cantor & Pecorella, a sales agent for the building, at prices of $1.2 million to $4.5 million. Prices on the remaining six units, which are 2,000 to 3,500 square feet, are $1.9 million to $6.6 million.

The area was once known for commercial printing. Many of the print shops were in buildings owned by the parish of Trinity Church, which received the land under them from Queen Anne in 1705 as a 215-acre riverfront farm. In recent years, the former industrial buildings have been converted to office use.

John Franqui, the director of tenant relations for Trinity Real Estate, which owns 5 million square feet of space in Hudson Square, said the parish had converted all its former printing and light-manufacturing buildings to commercial properties, mostly offices. But he added that some buildings still had a mix of residential and office space and printers.

Another change, Mr. Franqui said, was the arrival of retail shops. "We're seeing more retailers in Hudson Square, several of which will be open this summer," he said. Among the shops opening this summer are a Jacques Torres chocolate shop at 350 Hudson Street and L'Oreal's Matrix salon at 434 Hudson.

Mr. Franqui said he believes that the area will attract more residential developers. "Right now," he said, "residential is very hot."

Copyright 2004 The New York Times Company

[RandySavage]

Took this shot this morning. I didn't like the renderings but this building is quite handsome in real life:

[krulltime]

It sort of looks like a office building (not residential) that belongs somewhere in a suburban office park than in manhattan.

[BrooklynRider]

It's a nice looking building (and the one next to it is even nicer with a better design). I would just have second thoughts about moving across the street from that low level old manufacturing building.

[NYatKNIGHT]

I like them both too, and they really transformed that block.

[ZippyTheChimp]

505 Greenwich on June 27, 2004

View from Dominick St at Varick St. The building has two offset sections.

[Derek2k3]

I don't like the way it overshadows the more attractive Greenwich Street Lofts.