200 West End Ave - Condo

[krulltime]

This one should have its own thread to be documented better.


200 West End Avenue:


http://www.pbase.com/image/65660302.jpg

[krulltime]

Marketing begins for 200 West End Avenue condo


29-DEC-06


Marketing has started for the 27-story residential condominium building under construction at 200 West End Avenue on the southeast corner at 70th Street.

The building will have 191 apartments, 27,000 square feet of retail space and a 76-car garage.

The developer is Clarett Capital LLC, a joint venture between the Clarett Group and Prudential Real Estate Investors and ING/Clarion.

The site is close to Donald Trump's recently completed residential towers along Riverside Boulevard and to recently announced new projects by Extell further south. Occupancy is anticipated for early 2008.

Costas Kondylis & Partners is the architect. It has also designed many of the nearby towers along Riverside Boulevard for Donald Trump.

The Clarett Group's projects include the 55-story Sky House condominium tower under construction at 11 West 29th Street, Place 57, which is under construction at 207 East 57th Street, Chelsea House at 130 West 19th Street, 2770 Broadway, the Montrose at 308 East 38th Street, the Post Toscana at 389 East 89th Street and the Post Luminaria at 385 First Avenue.

The new building will have on-site valet parking, a bicycle room, private storage facilities, 24-hour concierge and hotel-style concierge service provided by Abigail Michaels.

It will also have a children's playroom designed by Peter Sis, a children's book author and illustrator, a wine tasting room designed in collaboration with Wine Enthusiast Magazine, a landscaped community terrace, and amenity spaces designed by Celerie Kemble.

Apartments have floor-to-ceiling windows and Brazilian Cabreuva hardwood flooring, washers and dryers, and kitchens have Shaker-style, white-oak cabinetry, Absolute Black granite countertops with Bianco Lasa marble backsplashes, Viking appliances, and master baths are clad with Bianco Verde marble and have walnut vanities and Waterworks fittings and Zuma tubs.

Alcove studios range in size from 597 to 637 square feet, one-bedroom units range in size from 699 to 968 square feet with a 300-square-foot terrace, two bedrooms range from 1,313 to 1,657 square feet and some have terraces ranging in size from 77 to 1,109 square feet, and three-bedroom units with 1,627 square feet and either 216- or 322-square feet of terrace space, and 3-bedroom penthouses with 1,763 or 2,256 square feet and 98 or 255 square feet of terrace space.

Initial pricing for alcove studios range from $655,000 to $751,000, one-bedroom units range in price from $865,000 to $1,199,000, two-bedroom units range in price from $1,525,000 to $2,275,000, and three-bedroom units start at about $2,624,000.



http://www.cityrealty.com/graphics/uploads/1167427599_wea200b.jpg


Copyright © 1994-2007 CITY REALTY.COM INC.

[krulltime]

Here is what it was at the site before...


May 27, 2005:


http://www.pbase.com/image/43899716.jpg


Now...


January 4, 2007:


http://www.pbase.com/image/72637451.jpg

[Derek2k3]

Cool, you almost got the same exact angle. This tower just seems like a derivative of his other towers around the city. It wouldn't hurt if he was slightly site specific rather than just plugging in formulas. SLCE seem to do this too. I guess they're so popular because they layout units very efficiently while the exterior form is just a cheap afterthought.

[antinimby]

Good analysis Derek.

It's still a vast improvement over that one-story thing, although the roadway in those photos seems to have gotten worst.

[pianoman11686]

Well, what do you expect when you have so many construction trucks driving by every day?

I have mixed feelings about Costas. I think he's getting better, and he's starting to show a greater range of design. Trump World Tower is still his best work, but this one's really growing on me. I like the proportions and the setbacks. It's nothing exciting, but it looks classy.

[rsupreme]

I saw this today and I was very NOT impressed. Asking way too much for way too little, fake everything, and very sparse selection of rooms (so far).

I had high hopes... :(

[jeffpark]

Well, what do you expect when you have so many construction trucks driving by every day?

I have mixed feelings about Costas. I think he's getting better, and he's starting to show a greater range of design. Trump World Tower is still his best work, but this one's really growing on me. I like the proportions and the setbacks. It's nothing exciting, but it looks classy.

Costas 45 Park Avenue for SJP Properties is not bad either
http://www.45parkave.com/

[spaceboy]

I liked it. It's going up fast and selling fast.

I like this more then the other new construction on the uws such as the Element/10WEA. One avenue from the river and park, one avenue from broadway. Very close to the express 72 stop and fairway. Close to Lincoln Center and Central Park. Great schools.

Element/10WEA might have "more" amenities, but you typically also pay more in common charges for amenities you may not use. The tax abatement should also be better at 200WEA. Element/10WEA might be in a great neighborhood in 5 years... but 200 WEA is in a great neighborhood right now.

That's my take anyway.

[lofter1]

12 more floors in less than 8 weeks ...

[Front_Porch]

Not an Upper West Side girl but the "E" (convertible 3) line looks nice. At least there are tubs in both baths; I'm getting a little sick of this master shower nonsense.

ali r.
{downtown broker}

[krulltime]

12 more floors in less than 8 weeks ...

Yeah this one is going up really fast. I can see it from my apartment window already.

[lofter1]

Does this building have a website?

[krulltime]

Does this building have a website?

Yeah...

www.200wea.com

[netbratt]

I liked it. It's going up fast and selling fast.

I like this more then the other new construction on the uws such as the Element/10WEA. One avenue from the river and park, one avenue from broadway. Very close to the express 72 stop and fairway. Close to Lincoln Center and Central Park. Great schools.

Element/10WEA might have "more" amenities, but you typically also pay more in common charges for amenities you may not use. The tax abatement should also be better at 200WEA. Element/10WEA might be in a great neighborhood in 5 years... but 200 WEA is in a great neighborhood right now.

That's my take anyway.

Why would the abatement be any better than at the two buildings on W. 59th Street? This is an established area so I would expect the taxes to be higher at 200 WEA. Also they don't have flip taxes like this building does. Most folks who want to live on the Upper West Side don't want to live this close to Trumpville and not next to a public school. Some of us also want human-size living rooms, not found in this project.

[Front_Porch]

I find in general that new-build condos don't have big living rooms: accessible bathrooms are mandated by the ADA, and a walk-in closet off the master sells, so the space has to come from somewhere . . . your best bet is an older building.

ali r.
{downtown broker}

[spaceboy]

Why would the abatement be any better than at the two buildings on W. 59th Street? This is an established area so I would expect the taxes to be higher at 200 WEA. Also they don't have flip taxes like this building does. Most folks who want to live on the Upper West Side don't want to live this close to Trumpville and not next to a public school. Some of us also want human-size living rooms, not found in this project.

I went back to the respective marketing materials, the estimated taxes after 421a tax abatement are similar on a SF basis at 200WEA and 10WEA, but higher at Element.

I believe the public school next door to 200WEA is an elementary school and supposedly a "top" one in manhattan. I'm presuming the "higher" taxes thus come with "better schools"? <shrug>. I don't know what you mean by "flip tax". I think there's a clause to try to discourage immediate flippers, but I don't think there's a co-op esque flip tax in any of these properties that I was aware of.

Walk an avenue west, you're on the river. Walk an avenue east and two blocks north you're on an express stop at broadway. Bottom line is that there aren't that many condos on the UWS. It doesn't hurt to be that close to the express stop either.

For living room concerns, (keeping in mind that it's Manhattan and that I can't speak for resale buildings around here), I felt that on paper the layouts had similar if not more efficient layouts then the before mentioned (and unmentioned) new construction.

[krulltime]

April 26, 2007:

http://www.pbase.com/image/78014582.jpg

http://www.pbase.com/image/78014584.jpg

April 30, 2007

http://www.pbase.com/image/78014586.jpg

http://www.pbase.com/image/78014589.jpg

[sfenn1117]

6/30...this one really fits in, and the stone is excellent.

http://i19.tinypic.com/63jt8qg.jpg

http://i19.tinypic.com/4t9j5ug.jpg

http://i17.tinypic.com/5z5c10i.jpg

[Fabrizio]

http://i19.tinypic.com/63jt8qg.jpg

Imagine if the Ariel towers had looked like this.

It's clever the way they've made the windows look double-height by visually combining them. The stone frame around the window openings is a nice touch too. Good looking modern architecture. This should be the norm.

[Derek2k3]

One of the best looking Kondylis towers. Perhaps it's because he's working ith a good developer.

http://farm2.static.flickr.com/1389/732522930_10a1f04ac8_o.jpg

http://farm2.static.flickr.com/1194/732523034_c816fe47a5_o.jpg

[antinimby]

It just feels sooooo good that ^ replaced this:

http://www.pbase.com/image/43899716.jpg

Let's hope a grocer goes into the retail space in the base.

[jlfoxton]

Seen from the Nevada, the dark brown building at the center of the skyline in Krulltime's 26 April picture above.

I wish 200WEA had been taller and narrower, but compared to Lincoln Towers anything looks terrific... I hoping for lots of pretty lights at night!

[sfenn1117]

Nice perspective, thanks for the pics. We're always a fan of taller, slimmer towers around here, but it's still a nice building.

[d1021]

Has anyone heard how sales are going (% of building sold) or who's going into the retail space?

[krulltime]

There is a rumor in the neighborhood that a supermarket will take the retail space.

[d1021]

Thx!

[d1021]

There is a rumor in the neighborhood that a supermarket will take the retail space.


Anyone have any more information on the progress of the sales in the building - looking at buying a place here, but its difficult to get information on the pace/number of sales. Have heard good things though from brokers, but don't know for sure.

[boogi]

Does anyone have any updates on this building? Last I heard it was around 50% sold with closings scheduled as early as December. Yikes. This seems like a quality project that's in a nice area to boot, yet there doesn't seem to be very much hype. What's the problem?

[spaceboy]

I don't think there's a problem, its just that there haven't been any delays. When I was looking earlier this year, the Avery was due to complete in the summer, but yet I don't think they've started any closings yet. Back then 200WEA was saying they would begin closing in Jan and it looks like they are early. With more time, are more sales.

[boogi]

I don't think there's a problem, its just that there haven't been any delays. When I was looking earlier this year, the Avery was due to complete in the summer, but yet I don't think they've started any closings yet. Back then 200WEA was saying they would begin closing in Jan and it looks like they are early. With more time, are more sales.Ah you bring up a good point. I guess I'd just be a little nervous moving into a building that was only half sold upon completion when some other buildings are a lot closer to full by then, but you may be right about the (lack of) delays.

[spaceboy]

Ah you bring up a good point. I guess I'd just be a little nervous moving into a building that was only half sold upon completion when some other buildings are a lot closer to full by then, but you may be right about the (lack of) delays.

Yeah, i guess a couple points:
1) Are units easier to sell when you can see them? My guess is probably yes.
2) For the one example I gave with the Avery, I think they broke ground early 2006... they have probably been selling for almost two years whereas 200 WEA has been selling for almost one year. Not sure if this really means anything though.
3) New construction apt buildings will still probably be under partial construction for the first six months of its life anyway since they close the lower floors first and work their way up. In other words, even if the building is 100% sold, the owners will be slowly moving in for the next six(?) months anyway.

I think you should buy what you like because assuming you have "good taste", others should follow.

[boogi]

I think you should buy what you like because assuming you have "good taste", others should follow.That's debatable :cool:, but you bring up another good point. Thanks!

[boogi]

I was reading on Streeteasy about this project and somebody wrote:

"The other problem is the taxes after the abatement become prohibitive. Beware!!!"

Since I'm relatively new to the game, would anybody care to explain what this exactly means and why it's not a good thing? Thanks!

[krulltime]

Almost done.


December 8, 2007:

http://www.pbase.com/image/90186051.jpg

http://www.pbase.com/image/90186054.jpg

http://www.pbase.com/image/90185966.jpg

[Skylimitone]

Even though it's just another Costas design, it looks pretty neat. Boring but neat.

[Skylimitone]

Anybody know when the residents start moving in?

[d1021]

They already had a move in. They began closings about a week ago.

[Skylimitone]

Ok cool. Thanks.

[Humla]

Does anyone have any updates on this building? Last I heard it was around 50% sold with closings scheduled as early as December. Yikes. This seems like a quality project that's in a nice area to boot, yet there doesn't seem to be very much hype. What's the problem?

Well, I had a very specific problem. I love the building, live in the area and we decided to check it out. Were looking to buy a 2 bedroom. It was a Sunday and we were casually dressed, jeans t-shirts and sneakers. We had an appointment but the sales manager kept shuffling us around because she had four men in suits in there that she decided were more important than us. I don't care how great the units are, we were so poorly treated I had no interest whatsoever to give my $ to this development. I'm happy to report that we just put the money into a beautiful apartment at the Harrison on 76th street instead.

[Skylimitone]

Thats terrible, whether it was a Sunday afternoon or you live around the corner. You should be treated with respect, they're supposed to be trying to SELL condos.

[antinimby]

Yeah, I totally despise shallow salespeople who judge people base on appearance. Probably none of the suits ended up buying.

Oh well, it's their loss.

[Edward]

See 200 West End Ave condo sales prices and floor plans (http://condos.wirednewyork.com/search/buildingdetails.aspx?bid=4977) in our Condo section.