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Thread: 123 Washington Street - W New York Downtown - by Gwathmey-Siegel & Associates

  1. #496
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    Some pics from earlier this morning. It appears to be progressing nicely overall and they've done a decent job so far with the ugly backside of 120 Greenwich.Click image for larger version. 

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    Quote Originally Posted by BPC View Post
    They make a nice burger. The deviled eggs are the way to go as far as appetizers. And they have a nice selection of single malt scotches.
    Are you talking about the BLT inside the hotel? I ate there when it first opened - the food left much to be desired. Perhaps there were teething issues, but it definitely wasn't on par with BLT in the Flatiron District. Unfortunately, the prices were. Maybe it's worth another try.

  2. #497

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    Quote Originally Posted by Music Man View Post
    ^ Gun turret from the U.S.S. Monitor.
    Funny! That's a great turret and a great ship!!

  3. #498
    Fearless Photog RoldanTTLB's Avatar
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    I didn't find the food to be so bad at all. I also like the bar upstairs. I've not been to the bLT in Flatiron to compare, though.

  4. #499

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    I haven't been to the one in the FlatIron. But they just opened another one up near my office on 45th Street which I plan to check out soon.

  5. #500
    Fearless Photog RoldanTTLB's Avatar
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    A BLT is opening in CassaNYC as well (this might be the one you're referencing). Oh, and SOOO CLOSE on the plaza:




  6. #501
    NYC Aficionado from Oz Merry's Avatar
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    A Trophy by a Tower

    By JULIE SATOW


    Emily Andrews for The New York Times
    The common roof deck of W New York Downtown has open views of One World Trade Center.


    Emily Andrews for The New York Times
    Twelve units on the top two residential floors are being combined into one penthouse.

    The apartment, which would be the highest-priced listing in the financial district, will combine 12 units on the 55th and 56th floors, offering unimpeded views of Lower Manhattan and the neighboring One World Trade Center. The 12,000-square-foot home, which does not have private outdoor space, will also come with a $2 million credit toward design and construction.

    Prices are being shattered at a record pace across the city, with several eye-popping listings coming to market in recent months, including a duplex penthouse at One Beacon Court that is asking $115 million, and a triplex penthouse at the Pierre, at 795 Fifth Avenue, for $125 million.

    “The market now is demanding trophy apartments,” said Richard Nassimi, the head of sales at the condo and a senior associate at the Corcoran Group. “So rather than selling many separate units, we are providing one stupendous penthouse.”

    The move to combine the top two residential floors of the W Downtown represents Mr. Moinian’s latest strategy for marketing the 223 apartments that make up the condominium, which is at 123 Washington Street. The units are on the top floors of the building, and the hotel goes up to the 21st floor; there are about 80 units left to sell. Mr. Moinian began selling the apartments in 2008 and has since gone through several brokerage teams; he even tapped the real estate doyenne Louise Sunshine last year to decorate an entire floor of units to sell fully furnished.

    “This is a big number to swallow for the neighborhood,” said Ariel Cohen, a senior associate at Douglas Elliman. “But if you pay between $2,500 and $3,000 a square foot and hold it for 5 to 10 years, it isn’t a far-fetched investment.”

    Mr. Cohen is representing 75 Wall Street, a 346-unit condo in the financial district above the Andaz Hotel. He recently listed a four-bedroom penthouse there for $8.2 million, or roughly $2,500 a square foot.

    At the W Downtown, the penthouse unit, at $3,333 a square foot, is aggressively priced for the neighborhood. It is by a long margin the most expensive listing to hit the neighborhood. In 2009, the developer of the Philippe Starck-designed condominium at 15 Broad Street listed a combined six units for $22.5 million, but it failed to find a buyer and was eventually split up. The priciest actual sale in the financial district occurred in 2000, when a 5,000-square-foot unit at 114 Liberty Street sold for $12.46 million, according to Streeteasy.com.

    Still, compared with prices in other parts of Lower Manhattan, the $40 million price tag is reasonable. In TriBeCa, for example, a four-bedroom penthouse at 56 Leonard Street is asking $4,453 a square foot; at 250 West Street, also in TriBeCa, a penthouse is on the market for $5,818 a square foot.

    The average asking price at the W Downtown is roughly $2,300 a square foot, according to Streeteasy, and brokers point out that if it were possible to buy the 12 units separately, they would cost a total of about $28 million.

    The $2 million credit is also a novel approach. “If a buyer is spending $40 million at the building,” Mr. Nassimi said, “then they deserve a design and construction credit.” The developer would do the renovation, “since who better knows the building than the sponsor?” he said, although the credit would still be available if the buyers hired their own architect and construction team. The monthly common charge is typically $1.85 a square foot, but a number has not yet been set for this unit, Mr. Nassimi said.

    “This apartment provides a buyer with 360-degree views of the Hudson River, the East Side, all of the bridges — you can see absolutely everything,” Mr. Nassimi said. “And unlike buying in TriBeCa, where you spend $30 million for an 8,000-foot apartment, here you can get a 12,000-square-foot home.”

    https://www.nytimes.com/2013/05/19/r...ref=realestate

  7. #502
    Disgruntled Optimist lofter1's Avatar
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    Plus the W Downtown Super PH comes with its own security sector down below. No forced entries here (unless the Feds bust in to check out the deep pocketed purchaser).

  8. #503
    Disgruntled Optimist lofter1's Avatar
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    Quote Originally Posted by Merry View Post

    “This apartment provides a buyer with 360-degree views of the Hudson River, the East Side, all of the bridges — you can see absolutely everything,” Mr. Nassimi said.
    Uh, yeah, maybe ... or at least it will be that way until the big towers rise across the street ... or make that streets to the north & east. Then the 360 view will be cut back to 180 or so.

  9. #504

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    The wall on that roof deck looks similar to the one on the Gehry Beekman bldg. I haven't yet seen pics of the roof of that one, but the ones posted here by members show something that looks like it could be an enclosed space for residents.

  10. #505

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    I think it's just architectural, hiding rooftop equipment.

    The W lists the rooftop deck among its resident amenities.

    At Gehry, they list the 6th, 7th, and 8th floor common areas. Also, some of the apartments have terraces.

    Nothing about the roof.

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