In an exclusive reveal, co-developers CIM Group and LIVWRK have released new renderings of their forthcoming condominium property at 111 Montgomery in Crown Heights, Brooklyn to YIMBY. The developers have also launched a teaser site for prospective buyers.
Permits have been filed for an eleven-story mixed-use building at 350 East 18th Street in the Gramercy neighborhood of Manhattan. While it is technically in Gramercy, the site is about seven blocks away from the famed private park, and is situated across the street from Stuyvesant Town. CIM Group will be responsible for the development.
The world’s current tallest residential tower, 432 Park Avenue, has broken a record. Total sales of its condominiums have now surpassed $2 billion, and co-developers CIM Group and Macklowe Properties have made the announcement that their Midtown project has now achieved the all-time record for all of New York City. This news leaves the developers just $1.1 billion dollars shy of their expected total $3.1 billion sell-out.
Images are out now for the redesigned penthouse in 100 Barclay Street, an Art Deco skyscraper adjacent to One World Trade Center on the southern edge of Tribeca. The 32-story building, originally known as the Barclay-Vesey Building, opened in 1927, designed by architect Ralph Walker. During the September 11th attack, the building suffered heavy damage on its southern and eastern facades. Tishman Realty & Construction led its repairs, with William F. Collins responsible for the restoration. The project was finished in three years at a cost of $1.4 billion, whereby all ornamental details and carving motifs were fixed. Since then, the upper floors have been converted to condominiums.
CIM Group has entered into contract to purchase, for nearly $90 million, the vacant 24-story, 156-unit apartment building at 301 First Avenue, located on the corner of East 17th Street in Gramercy. The future owners of the 200,000-square-foot tower are floating plans to either renovate the property into rental apartments or demolishing it for a new condominium building, The Real Deal reported. The 13,248-square-foot lot is currently overbuilt under present-day zoning laws. The building was built in 1969 to house Mount Sinai Beth Israel medical personnel and was vacated in the summer of 2016.