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CONTENTS
72
100 BARROW
14
GET THE LOOK
34
F E AT U R E S 72
14 INTERNUM
78
VERDANT VILLAGE Toll Brothers City Living presents West Village new development 100 Barrow
121 MARINA
63
MODERN HAMPTONS Grade New York designs sleek Hamptons homes
63
34
AT THE REEF Take a peek at 121 Marina in Key Largo, Florida GRADE NEW YORK
SEASPICE
8
9FI5TH.COM
50
OFF THE RECORD With TOWN Real Estate’s Andrew Heiberger
78
BRUNCHING WITH THE BEST Miami’s Seaspice
107
THE MIAMI OF THE WEST Exploring Arizona with 9fi5th Beyond
107
ARIZONA
EAST COAST SUMMER 2016
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CONTENTS
DEPARTMENTS 18
NEW ADDITIONS NORTHEAST
20
The Fitzroy JDS Development
24
Navy Green Townhouses Dunn Development
26
550 Vanderbilt Forest City Ratner
30
70 Pine Rose Associates
31
212 Fifth Avenue Madison Equities
32
NEW ADDITIONS SOUTH FLORIDA
34
121 Marina Blue Jay Capital
40
AT HOME
41
Luxury Defined by Christie’s
26
International Real Estate 550 VANDERBILT
52
INSIDE
53
9fi5th Loves: Zicana
56
Duxiana
58
Morada
60
The Rug Company
62
TOOLS OF THE TRADE
68
Shakuff Lighting
83
AROUND TOWN
84
Wempe New York
88
Carbone
92
Watch This
102 OFF THE WALL
Watches of Switzerland
103 Three Levels of Faces
94
Redbike Miami
97
Wine Not? Christie’s London
68
88
SHAKUFF
Q&A with Philip Mould 104 Jay Vincze at Christie’s London for 9fi5th
98
PILLOW TALK
99
The Goring
100 Hotel Suite Villa Maria
10
9FI5TH.COM
106 BEYOND 107 Great Scottsdale
CARBONE
EAST COAST SUMMER 2016
EDITOR’S LETTER
P UBL ISHED BY
A RT & D ESIGN
Ciel Bleu Communications, LLC
Creative Director
1680 Michigan Avenue,
Sarah Rusin
we get there, let’s first walk you through the exciting features you’ll
Suite 700
Designer
discover in this edition.
Miami Beach, FL 33139
Nuno Caldeira
Dear readers, It’s summer. Finally! Days are long, nights are warm, and the smell of sand and sea seems ever so near. We’ve been daydreaming of our own piece of beach paradise for a good three weeks now, but before
We found the perfect West Village new development for you at 100 Barrow. Always dreamed of a serene, tucked away Manhattan garden; one of those verdant hideaways where all the hustle and bustle seems
info@9fi5th.com www.9fi5th.com
P HOTOGRAPHY Bespoke Real Estate
to disappear into a distant muffle? Well, 100 Barrow sits right adjacent to one, and to top it off, has all the makings of one of the finest prop-
A DVERTISING & SA L ES
Jonathan Grassi
erties we’ve featured this year.
Please contact our
Hayes Davidson
sales team at
Christie’s International
advertising@9fi5th.com
Real Estate
As it is summer, we’ve made sure to show you just how stunning the Hamptons can be (thanks to the contemporary finesse of architecture and design firm Grade New York). Take a peek at what they’ve been
Courtesy of Christie’s London
building in Tools of the Trade.
ED I TO R I A L
Courtesy of Seaspice
Publisher
Courtesy of The
Mina Kavcar
Rug Company
mina.kavcar@9fi5th.com
Courtesy of Toll Brothers
his two cents on both New York and Miami, while one very special
Director
City Living
Key Largo property had us wishing for our own golf cart to tour it
Scarlette Tidy
Courtesy of Watches
scarlette.tidy@9fi5th.com
of Switzerland
Managing Editor
Frank Zimmerman
ments spent with those you care for. Time can pass so quickly - make
Olivia Palamountain
Riva 1920
it worthwhile.
olivia.palamountain@9fi5th.com
Visualhouse
Editorial Manager
VUW Studio
Isabelle Castro
Zicana
We managed to do quite a few food and wine tastings (at Miami and New York eateries Seaspice and Carbone), which you’ll find out about in Around Town, while the finer things in life will jump off the page thanks to the good folks at Wempe and Watches of Switzerland. As for the real estate market, TOWN’s Andrew Heiberger gives us
with. Flip to page 34 for more. But before I leave you to enjoy the sunshine or take a dip by the pool or sea, I’ll remind you to always try to be appreciative of the mo-
Here’s to many more days with feet in the sand and a sunset to gaze upon!
isabelle.castro@9fi5th.com Editorial Content
Cover imagery courtesy of
Lars Larsson
Toll Brothers City Living,
Pronto Publishing Services
100 Barrow
Mina Kavcar
PH AT 100 BARROW
Jon Ortner Frank Zimmerman
GET THE LOOK
GET THE LOOK INTERNUM
MAUI Armchair made from a single block of aromatic cedar. A sculptured monolith with a curvy and sinuous design. It has an er- gonomic seat in a continuous line with the back. Available with or without base with tubular legs and iron plate.
14
9FI5TH.COM
DADONE Stool made from a single block of aromatic cedar wood with clear references to the famous dice game. Available in small and large versions (two elements are superimCUBE Table made in solid wood having glued boards with
posed one on top of the other).
squared edges and a geometric base in iron with visible welding.
VENICE Consolle characterized by top in polished stainless or Stopsol smoked glass in combination with Briccole, oak posts from the Venice Lagoon. These poles lead the boats and mark the Lagoon low tide and are periodically replaced due to wear. Made unique pieces by the industriousness of shipworms, small molluscs, that dig tiny tunnels in the wood.
ONE LOVE Stool made from a single block of aromatic cedar that reproduces the physiognomy of a heart.
DUSK Chaise lounge made from aromatic cedar, composed of two symmetrical parts that are aligned and separated by a a central fissure. The design is sculptured in the shape of a human body that is enveloped from head to foot. EAST COAST SUMMER 2016
15
GET THE LOOK
VITAE Stool in solid wood of scented cedar or walnut machined from a single block, is available in two versions, small and big, and is inspired by the classic mechanical screw.
TEMPERINO Stool/bench in solid wood of cedar perfumed machined from a single block, reproducing a “gigantic” pencil sharpener with detail in metal.
MOLLETTA Bench made from a single block of aromatic cedar. Features a sculptured design that experiments with the classic Pop Art off-scale approach.
THE PRODUCTS ARE MADE FROM COMPLETELY NATURAL LEATHER AND HAND-FINISHED WITHOUT THE ADDITION OF ANY TREATMENT.
RIALTO Dresser made from
Stool made from a
hardwood and ply-
single block of aromat-
wood, enclosed by an
ic cedar that is inspired
iron or wood frame,
by a favorite and
drawers assembled
indispensable object
with dovetail joints
in the female universe:
and the push-pull
the handbag.
opening system.
16
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MONDANA
BEDROCK Table top made of solid wood, consisting of two single boards with central joining and natural borders. The boards can be aligned or staggered, with sides aligned or asymmetrical. Table base in iron plate characterised by geometric lines.
EAST COAST SUMMER 2016
17
NEW ADDITIONS
NORTHEAST
WITH A GREAT SELECTION OF BOTH MANHATTAN AND BROOKLYN DWELLINGS, we bring you New York at its best. You can either choose to go for park proximity with quiet, manicured streets, or edgy cool with a touch of mystery. Whatever your property pounding heart desires, we’ll have an option.
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JDS FITZROY
NEW ADDITIONS / NORTHEAST
NEW YORK ˚ MANHATTAN ˚ WEST CHELSEA
GREEN
ENTRANCE AT THE FITZROY
IS THE NEW BLACK JDS Development and Largo Investment’s Fitzroy tips hat to old-school Art Deco elegance on High Line.
20
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TERRACOTTA FAÇADE
EAST COAST SUMMER 2016
21
NEW ADDITIONS / NORTHEAST
S
DESIGNED BY ROMAN AND WILLIAMS
ince it opened in 2009, the High Line has triggered a wave of über-cool real estate development in the surrounding Meatpacking and Chelsea neighborhoods. Standing out in what
Need some fresh air? Take a walk on the High Line
“It pushes the historical narrative of the neighborhood,” enthused Marci Clark, Director of Marketing and Communications
ended up being a sea of glass modern
at JDS Development Group, the group who collaborated with
high-rises is newcomer The Fitzroy.
Largo Investments to mastermind the project. “We have all
Designed by Roman and Wil-
seen the fantastic moment High Line architecture is having
liams, The Fitzroy evokes another, ar-
right now. It is highly expressive and futuristic, but we wanted
guably better age. The husband and wife team known for their
to do something that is more grounded and will stand apart.
nostalgic detailing took a different approach than the other
Roman and Williams created an experience in the building
architects in the neighborhood to create an old-school Art
that looks like perhaps it could have always been there in the
Deco vibe and give a nod to classic Manhattan architecture.
best sense of the way.” Roman and Williams are true craftsmen at heart, she continued: “They create differently. We were drawn to them
“We feel very confident in doing
in our search for best-in-class designers. We appreciate the
something so strong in design.
homes have beauty and substance that is often lacking in much
There was no reason to hold back. That is the freedom a boutique building gives you.” - Marci Clark 22
9FI5TH.COM
attention to detail they have paid to its neo-Deco design. The new construction.” The 10-story building is designed from top to toe, inside and out, by Roman and Williams. The 14 units, ranging from two to five bedrooms, are as boutique and bespoke as it gets. The most elegant, of course, is the penthouse, which boasts four bedrooms, a library and a media room, along with ample outdoor space.
PARTICULARS THE FITZROY
PLACE West Chelsea, New York
PROPERTY 14 Residences
PLANS 2,283 - 4,328 square feet
$
PRICE $5.2 million $18 million+
PERIOD 2017
PERKS 24-hour-attended lobby, La Palestradesigned fitness center and dry sauna, wine cellar with secure wine locker for each home, climatecontrolled and fully customizable storage room for each home, rooftop lounge with summer kitchen, children’s art studio, bicycle storage
COPPER ACCENTS IN THE KITCHEN
Truly, The Fitzroy is a beauty, all clad in green ter-
with copper pulls and hood. The green and copper
racotta and copper, which in
palette is carried through
turn will age over time and
the interiors as well. Custom
also turn green. Well, green
details such as lighting
is the new black, isn’t it?
fixtures and kitchen and
“We feel very confident in doing something so strong in
bath finishes are made with
design. There was no reason to hold back. That is the freedom
copper. There is floor-to-
a boutique building gives you.”
ceiling marble shot through
Cue dramatic ceiling heights of 11 feet, chevron oak
with unique purple veining
floors with reclaimed timber, and dramatic kitchens that are
in the bathroom, a no-
actually enclosed. “The idea that we could build homes that
nonsense industrial steam
have Roman and Williams’ gorgeous and classic pre-war
shower, and a stunning copper bathtub.
design, but with all of the modern and high-tech elements
CHEVRON OAK FLOORS
Each residence will have access to the fitness rooms, sauna,
available in 2016 was exciting,” said Nicholas Werner, Prin-
the rooftop lounge and the children’s art studio (yes, you read
cipal at Largo Investments. “Beautiful design, with gracious
that right: studio not playroom as befits the area).
layouts filled with natural light was the starting point and
And if all that is not cool enough for you, there are bespoke
then we were able to add comforts expected in new construc-
wine cellars in the basement, as well as huge storage rooms.
tion, such as radiant heated floors throughout the entire
“They’re like hobby rooms,” explained Clark. “One per unit
home and Savant home automation.”
that can be customized however you want.” And in such a set-
Kitchens are hand-painted in a beautiful mushroom gray,
ting, the imagination takes flight.
EAST COAST SUMMER 2016
23
NEW YORK ˚ BROOKLYN ˚ NAVY YARDS
NEW ADDITIONS / NORTHEAST
G OI NG GREEN Brooklyn’s Navy Yard is transformed courtesy of Dunn
S
taying at home is
PARTICULARS NAVY GREEN TOWNHOUSES
houses that make up Dunn Devel-
opment’s Navy Green project, built on the site of a former navy brig in Brooklyn. Together with
Navy Yards, Brooklyn, New York
month, a new restaurant is opening,” Dunn reminded.
PROPERTY PLANS 2,800 - 3,100 square feet
townhouses enjoy a private green
Development
space that will do its best to keep
$1.995 million $2.2 million
Located across the street from the Brooklyn Navy Yard in Wallabout, one of Brooklyn’s oldest neighborhoods, the townhouses combine the best of old and new – they have the size and classic style of period-piece row houses but have been purpose-built for those who don’t want the small windows and kitchens typical of original houses. Averaging slightly over 3,000 square feet each, the houses are built to maximize natu-
the touchstones of the project with all the houses meeting and efficiency. The Vanderbilt bike lane that connects New
and L&M
neighborhood that is fast becoming Brooklyn’s must-do area.
The neighborhood is known for its green conscience and residents’ commitment to environmental values. Prospec-
prestigious Energy Star standards concerning their energy use
PRICE
tion from the dynamic, vibrant
supermarket, a coffee roastery, and a rooftop vineyard. “Every
tive buyers will be glad to hear that sustainability is one of
23 Townhouses
already been snapped up, the
stiff competition for your atten-
to the area. A 77,000-square-foot food court is arriving soon, Lucky residents will also be able to choose from a Wegmans
a number of condos that have
Partners.
gets bored, being involved in attracting retail and restaurants
PLACE
Development
you walking in the yard, but faces
The developers are also keen to ensure that your palate never
and will be anchored by the popular Russ & Daughters deli.
entirely voluntary in the 23 town-
which has been featured in hits such as Boardwalk Empire.
York’s greenways passes the site and the area is one of the most popular in the city for bicycles, providing a connection to Manhattan, and Prospect Park for those who really want to break out. And if the neighborhood did not have enough of a European feel, a streetcar line has been proposed, which would have a stop adjacent to the project. Here’s to creating diverse and vibrant community in Brooklyn’s various pockets.
PERIOD Complete
PERKS Common green for residents, garden with patio, large laundry room, heated floors
ral light, have spacious bathrooms with Porcelanosa tiles and Giagni tubs and living areas centered around enviably large open-plan kitchens, with DuChateau European oak flooring. Each home boasts three or four bedrooms spaced for modern lifestyles. And just to further the sense of freedom to come and go, you’ll find that the living area flows right onto the patio for seamless indoor/outdoor living. We think most prospective owners will be as excited about the neighborhood as the units themselves, and Martin Dunn, who heads Dunn Development, agreed. “This is one of the neighborhoods of the future in Brooklyn,” he said. “For people who wish they had spotted the rise of Williamsburg a few years ago, now’s the time to enter New York’s most vibrant and dynamic up-and-coming neighborhood. It’s on the cusp of exploding, with prices rising fast.” It’s no idle boast: Steiner Studios are in the area,
24
9FI5TH.COM
NAVY GREEN TOWNHOUSES BRIGHT AND OPEN INTERIORS
NEW ADDITIONS / NORTHEAST
NEW YORK ˚ BROOKLYN ˚ PROSPECT HEIGHTS
BROOKLYN’S FINEST Green is the new black at 550 Vanderbilt Avenue.
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9FI5TH.COM
550 VANDERBILT
BRINGING THE OUTSIDE IN
“Rick [Cook] is a very thoughtful architect who is really known for his sensitivity to integrate nature into his buildings. He is concerned with sustainability, health, and wellbeing.” - Susi Yu
P
art of the grand masterplan at Pacific Park, 550 Vanderbilt Avenue is starting to take shape in the Brooklyn everyone knows and loves. Surrounded by the massive master project that will boast 6,400 units, with eight acres of new parkland open to everyone and their dog, 550 will host 278 of those units. Designed inside and out by celebrated sustainable architects CookFox, this is the first condominium in the 22-acre Pacific Park Brooklyn development at the crossroads of Brownstone Brooklyn. “Having the right designer really enhances
the value of what we are creating,” said Susi Yu, Executive Vice President of Residential Development at Forest City Ratner Companies, who have shoulder-tapped a bunch of hot architects for the project. “Rick [Cook] is a very thoughtful architect who is really known for his sensitivity to integrate nature into his buildings. He is concerned with sustainability, health, and wellbeing.” A holy trinity for urban living.
NATURAL TOUCHES
EAST COAST SUMMER 2016
27
NEW ADDITIONS / NORTHEAST
PARTICULARS 550 VANDERBILT
PLACE Prospect Heights, New York
BROOKLYN VIEWS
PROPERTY 278 Residences
PLANS 414 - 3,200 square feet
PRICE $527,850 $7.715 million
PERIOD Late 2017
Ready for a game? The Barclays Center is a short walk away
Green of course is the new black and CookFox is all about bringing people back to the origin of being one with nature. The use of materials and plant life in
the building is testament to this, with custom-made steel planter boxes and abstracted patterns of leaves on them. Cook has also shaped the building in a U-shape so there is a courtyard and fountain to gaze upon. As soon as you enter the building, you can see through to the trees and the water beyond.
PERKS 24-hour concierge, doorman, library, lounge, common roof deck, fitness room, yoga studio, communal garden, children’s playroom, private storage, groundfloor retail
“Rick is very much concerned about the time you get into the elevator and get off the elevator. So, he insisted on creating a row of windows right when you get off the elevator so that when someone comes home and looks out they see the sun setting and the city beyond. You are really able to decompress from the hustle and bustle of the city as you walk down towards your apartment.” Plants are vital to create this ambiance, as are great views of the sunset of course. With low-rise buildings surrounding the site, the units are flooded with natural light. In the design, “there is nothing ornate or stylized. Everything is natural, which is the palette and the design concept of the project,” explained Yu.
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ORCHESTRATED GREEN SPACES
Love to explore culinary delicacies? With restaurants dotting the neighborhood you can try a new cuisine each week
“...HE INSISTED ON CREATING A ROW OF WINDOWS RIGHT WHEN YOU GET OFF THE ELEVATOR SO THAT WHEN SOMEONE COMES HOME AND LOOKS OUT THEY SEE THE SUN SETTING AND THE CITY BEYOND. YOU ARE REALLY ABLE TO DECOMPRESS FROM THE HUSTLE AND BUSTLE OF THE CITY AS YOU WALK DOWN TOWARDS YOUR APARTMENT.”
THE LOUNGE
The 17-story building has 278 residences in an array of layouts from studios and four-bedrooms to four swanky
with dining alcove and outdoor kitchen, communal garden, and fitness center with private studios.
penthouses with private terraces. “And if you are a diehard
The holistic design of the building gives a nod to the
Brownstone fan, the groundfloor maisonettes give you that
neighboring brownstones of Prospect Heights, while expan-
feel of privacy with a separate entry to the street.”
sive windows provide that point of difference. “Take a look
Amenities include a library, lounge with grand piano, dining room with catering kitchen, landscaped roof deck
at those views!” gushed Yu. “I mean, when do you ever get a view like that from a brownstone?”
EAST COAST SUMMER 2016
29
NEW YORK ˚ MANHATTAN ˚ FIDI
NEW ADDITIONS / NORTHEAST
HIGH-FLYING STYLE in the DOWNTOWN SKY 70 Pine blooms
PARTICULARS 70 PINE
in the hands of Rose Associates.
T
PLACE Financial District, New York
he opulent Art Deco design of
PROPERTY
70 Pine in
612 Rental Residences
the heart
of Manhattan’s Financial District promises palatial
PLANS
living a world away from
Studios three-bedrooms
the stock-quoting and dealmaking culture found at street level. Nested among
PRICE
the banking powerhouses of
$3,000 - $25,000 per month
the world, this breathtaking 66-story, 612-unit mixed-use
PERIOD
building offers everything from retail space to a 17,000-square foot gym to
Currently leasing
WHAT A VIEW…
truly give this side of town something it’s been missing. As Jim Hedden, Rose Associates’s Chief Development Officer, told us, “With this building, we believe that the
Get fit with La Palestra right downstairs
been completely reimagined
steps further to set you up
and fully renovated as a
with the finest side of luxury
result of a three-year effort
living. The 17,000-square
to create an out-of-this-
foot state-of-the-art La
world rental opportunity
Palestra fitness studio,
PERKS 17,000-square foot La Palestra fitness and wellness center, pilates and yoga studio, private massage and treatment rooms, children’s playroom, game and screening rooms, bowling alley, golf simulator, planned restaurant and lounge for top four floors, inhouse adjacent Q&A hotel, food market and coffeeshop
evolution of downtown to a
in the fast-beating heart of what is arguably the city’s busiest
a name with facilities at
more ‘24/7’ environment is
area. As one of the Manhattan’s most celebrated skyscrapers,
The Plaza and Hotel Des
in full swing. It is becoming
70 Pine initially served as the headquarters of Cities Services
Artistes, will offer residents
more of a destination than a
until it was sold to the American International Group in 1976.
a full array of personal
place to work.” Considering
Once AIG left the property, Rose Associates and DTH Capital
and sports-specific training
everything 70 Pine has to
embarked on an ambitious project to tap into the potential this
along with nutrition sessions,
offer, there’s no doubt that
downtown icon had to offer. Having overseen the full renova-
massage therapy, and daily
the redevelopment of this
tion of the former office building into a colorful collection of
classes. Furthermore, Rose
Art Deco landmark is spear-
one- to three-bedroom rental units, Rose Associates has left no
Associates will transform the
heading this revitalization of
stone unturned on the path to luxury. With everything from
topmost floors of 70 Pine
a downtown long overdue
retail to restaurants to reinvigorated public space, such as the
into a restaurant and lounge
for a makeover.
historic Art Deco lobby that will be opened to the public for
offering residents and guests
As a third-generation
the first time in decades, an Australian-owned coffee shop and
the ability to drink and dine
enterprise started in 1925,
Williamsburg’s own Urban Market, this extensive and thought-
while enjoying a 360-degree
Rose Associates knows the
ful renovation will breathe life into an area long suffocated by
view of New York Harbor,
NYC real estate scene like a
commercial culture. Moreover, with its wedding cake design,
Manhattan, Brooklyn,
seasoned pro. The redevel-
over 100 apartments at 70 Pine boast outdoor terraces that
and New Jersey that is
opment of 70 Pine is no ex-
open out onto all the sights and sounds that FiDi has to offer.
as mouthwatering as the
out a niche in a beacon of
ception to their track record
If that doesn’t whet your appetite, then the myriad of
cuisine. With these high-end
New York City architectural
of successful development
amenities certainly will. In addition to the not-so-run-of-the-
finishes, world-class ameni-
history, 70 Pine is the perfect
of residential properties city-
mill perks like the game room, screening room, yoga studio,
ties, jaw-dropping views
space for all those looking to
wide. The 1932 icon has
golf simulator, and bowling alley, Rose Associates has gone two
and an opportunity to carve
grab a slice of downtown life.
30
9FI5TH.COM
NEW YORK ˚ MANHATTAN ˚ NOMAD
PARTICULARS 212 FIFTH AVENUE
Evening drink? Head to The Edition’s cocktail bar
STONE ARTISTRY and TIMELESS STYLE
PLACE Madison Square Park/ NoMad, New York
PROPERTY 48 Residences; One penthouse
PLANS 1,538 - 7,400 square feet
Madison Equities’ 212 Fifth Avenue
PRICE
offers new stately interiors to redefine
$4.2 million $28 million
classic NYC luxury.
A
PERIOD t Madison
dences feature vast tryptic
Equities,
windows ushering in natural
both CEO
light, along with open
Robert
vistas of the surrounding
Gladstone and the 24-story
cityscape, including breath-
residential project at 212
taking views of the Flatiron
Fifth Avenue display a
Building, The Clocktower,
classical approach to de-
the Empire State Building,
velopment and design. We
and Madison Square Park.
sat down with Gladstone
PERKS 24-hour doorman/ concierge, valet parking, the Wright Fit fitness center, private treatment room, children’s playroom, golf stimulator room, screening room, catering kitchen, and a lounge with a separate boardroom
Modern conveniences
to talk about the Madison
include a ventilation
Square Park property,
system providing continuous
his role in renovating the
fresh air to all parts of the
building, and what makes it
residences, while impec-
worthy of the hype.
cable artistic choices such as
Originally erected in
Occupancy: Fall 2016
212 FIFTH AVENUE’S NEO-GOTHIC FACADE
using Italian bookmatched
1912 as a commercial
Arrabescato marble in
building, the stone edifice of
each apartment’s formal
212 Fifth Avenue was at the
foyer make 212 stand apart.
time among the world’s first
Chevron wood floors and a
skyscrapers. Today, it has
completely restored cornice
building that didn’t look as
long been surpassed in size;
finish off the building with
good as the renderings; we
however, in its new life as 48
unparalleled style.
always aim to exceed them.”
elegant condominium resi-
212 Fifth Avenue is no
Not to mention, the
dences, 212 leads the market
prime location of 212 offers
exception, as Gladstone
as one of the most desirable
the best of all worlds. “You
calls it, “unfathomable and
pieces of NYC residential
have right here the finest
unique with a personality
real estate.
park along with some of the
distinct from all the glass
LUXURIOUS FINISHES INSIDE
buildings that are spring-
As Gladstone unspar-
best restaurants in the city
ingly puts it, “212 is simply
close by,” Gladstone men-
the best development in the
tions, “NoMad is an ideal
Gladstone’s style is a com-
“Due to my background,
market.” This neo-medieval
location to create a vital
mitment to both clients and
I have total respect for our
a condominium for your
treasure offers stunning
city lifestyle.”
skilled workers alike. “My
workers. Everyone I work
next home, you may very
parents started this firm
with is dedicated to both
well choose to get away from
known for getting involved
from nothing and I started
the creative and industri-
all the glass and go with
the acclaimed design firm
in every aspect of the build-
at the bottom when I began
ous sides of construction.
quality, style, and luxury that
Pembrooke & Ives. Resi-
ing process, a trademark of
working here,” he explains.
I would never complete a
you’ll be glad is set in stone.
interiors whose designs were conceived to perfection by
As a developer who is
ing up.” So, if you’re considering
EAST COAST SUMMER 2016
31
NEW ADDITIONS
SOUTH FLORIDA
WITH ENDLESS SUNNY DAYS and palm trees abound, South Florida is always home.We here at 9fi5th, believe in indulging our urges and hence give you both beachfront and Downtown chic. This way, your every Floridian real estate dream can come true.
121 MARINA
This dance should belong to you. DreamDancer BY KIM
DreamDancer BY KIM transcends the boundaries between dream and reality. Although the ring is cast in one single piece, it forms a mobile structure that constantly reinvents itself. A revolution in ring design. In 18 k rose gold, from $4,745. With brilliant-cut diamonds, from $7,475.
NEW ADDITIONS / SOUTH FLORIDA
121 MARINA’S 750 FEET OF MARINA FRONTAGE
34
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WHEN LUXURY IS ABOUT
MORE THAN AMENITIES Private community Ocean Reef Club® in Key Largo,
introduces first new development in nearly 20 years.
EAST COAST SUMMER 2016
35
FLORIDA ˚ KEY LARGO
NEW ADDITIONS / SOUTH FLORIDA
OPEN AND ORGANIC INTERIORS
W
hen you have been quietly shopping for a new home but failed to find what you are looking for,
it may be due to lack of inventory. This, in a market that
has been introducing a new project on par with new app
36
9FI5TH.COM
The adjacent marina can accommodate yachts up to 150 feet in size
about the ultimate luxury: exclusivity. And since certain things in life are known to few, they remain in the realm of the sophisticated with ample privacy and a lack of glitz. One such
treasure is Ocean Reef Club® in Key Largo, Florida. Nestled in 2,600 acres of island reserve, Ocean Reef
launches may seem like an oxymoron, but bear with us on
Club® is the antithesis of glitz and glamour, trading such
this point. You see, we are not referring to your ubiquitous
titles in favor of quiet sophistication. Accessible by land,
luxury waterfront condo that most likely features all the
sea or air, the club has hosted notable legends such as
modern conveniences one would expect. We are talking
Richard Nixon and Jack Nicklaus, and has been home to
condominium units, and has made vast efforts to offer residents all the most valuable amenities within the community. As Golf is one of the favored activities, Ocean Reef Club® neatly manicures its two courses to make sure they rival world class greens. Tennis is another popular pastime and as such there are multiple courts on the grounds. There is a medical center as well as a veterinary clinic, and the Spa at Ocean Reef offers everything from couples massages and beautification to advanced aesthetics in the form of hydra facials and antiaging peels. You’ll understand that the community is very much self-sufficient and highly active, which brings us to 121 Marina — the first new residential development at Ocean Reef Club® in nearly 20 years. Located right at the center of the Club’s marina, 121 Marina offers 29 residences over three levels and will reflect the unique way of life at Ocean Reef. The design, clean lines, abundant light, and contemporary wood finishes, accent an a very select membership
open concept. Seamless
since 1948.
indoor/outdoor transitions
As you arrive, you’ll note that boating is clearly a big factor for most Ocean
BATH
impart a remarkable sense of space. Because it is set right on
Reef members as the 175-
the marina, residents will
slip marina comfortably
benefit from 750 feet of
accommodates yachts up to
marina frontage that will
150 feet and often anchors
allow for boat gazing while
2 boats per household.
enjoying panoramic views
The Club is home to 1,700
on expansive terraces.
residences split evenly between single family and
The idea is very much geared toward the love of
EAST COAST SUMMER 2016
37
NEW ADDITIONS / SOUTH FLORIDA
38
9FI5TH.COM
BOUTIQUE BUILD
PARTICULARS 121 MARINA
PLACE Ocean Reef Club®, Key Largo, FL
PROPERTY 29 Residences
PLANS 2,540 - 4,270 square feet
PRICE $4 million $8 million
PERIOD Late 2017
PERKS Location within Ocean Reef Club®, putting green, lap pool, fitness center, access to marina, spa, tennis and golf clubs
EXPANSIVE TERRACES
or water sports a breeze. Should you wish to keep fit or train for that triath-
Eager to find out more? Make sure to visit 121marina.com to delve in further.
lon, the property’s indoor fitness center along with the Club’s, which was modeled to rival that of the Miami Dolphins, will have your every workout whim catered
boating and the bounty
to. 121 Marina’s outdoor
of outdoor activities at
75-foot lap pool will accom-
Ocean Reef.
modate residents and guests,
Since 121 Marina will
while the putting green will
be a boutique development
be ready for your handicap.
in a very unique location,
The Club also hosts more
the development team at
than a dozen restaurants
Blue Jay Capital headed
and one rather delightful ice
by Eric Soulavy made sure
cream shop. We sampled the
to include bespoke touches
goods and can attest to the
throughout. Residents will
rich flavors (chocolate and
benefit from a personalized
raspberry were our favor-
concierge service to tend to
ites). But more than provide
their daily needs while an
all the amenities you could
actual coral reef in honor
ask for in a boutique build,
of the project (and bearing
121 Marina is about loca-
the development’s name)
tion and about surround-
and Legacy members come
on the grounds. It truly is
will be created to allow
ings; both in property and
back annually to see old
very much a large family
each resident to own a
in neighborhood.
friends and enjoy The Reef.
of like-minded individuals,
piece. The adjacent marina
High season, as one
TO ALLOW FOR INDOOR/OUTDOOR LIVING
When there you’ll
many of whom hail from
will have 10 slips allotted
would expect, is between
quickly feel the community
states farther north, and
for residents to make tak-
Thanksgiving and Easter,
ambiance via the friendli-
have been enjoying the Club
ing the boat out for fishing
and sees the club’s Equity
ness of members andthose
for years (and generations).
EAST COAST SUMMER 2016
39
AT HOME FIND OUT ABOUT the latest home buying trends around the world and see what�s on the market today.
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LUXURY DEFINED
LUXURY DEFINED
CHRISTIE'S INTERNATIONSL REAL ESTATE LUXURY INDEX Ranking the World’s Top Performing Luxury Property Markets From recent stock market fluctuations to the shifting fortunes of emerging market buyers, the global prime property market traversed a challenging geopolitical and economic landscape in 2015 and into 2016. The annual Christie’s International Real Estate Luxury Index, which synthesizes and compares luxury housing metrics, reflects these developments and acts as a measuring stick for the global luxury market. The Index ranks the 10 top property markets under two performance measures: The Luxury Index rates the relative “luxuriousness” of primary market cities with at least one million residents. LUXURY INDEX With more luxury listings than any other city, as well as the world’s second most expensive residential sale in 2015 ($141 million / £92 million), London retains its position as the most
London tops the world’s most luxurious cities for prime property 2015
2014
2013
2012
1
London
2
Hong Kong
3
New York
4
Los Angeles
5
Singapore
luxurious property market worldwide. In spite of slower growth due to new taxes on prime property purchases, the city continues to attract strong domestic and international buyer demand. Even with negative annual overall sales growth and pressures from a decline in mainland Chinese capital outflow, Hong Kong narrowly edged out New York to place second in the Luxury Index. The
6
Sydney
7
Miami
harbor city posted the world’s top residential sale in 2015 ($194 million / HK$1.5 billion). Miami achieved a local record sale ($55 million for a new-build penthouse), which offset declines in overseas and cash buyers, ensuring a solid performance in the Luxury Index. New luxury stock and slowing buyer demand evidenced in late 2015 and early 2016 however, is likely to move it down in next year’s rankings. Singapore joined our Index rankings after showing signs of an uptick following several
8
San Francisco
9
Paris
10
Toronto
years of declines due to government cooling measures. Singapore knocked Dubai —where pressures from declining oil prices and an
Market record sale price
Average price for luxury home sales
oversupply of luxury properties caused price and
Average price per square foot for luxury homes
Percentage of international and non-local buyers
Number of sales over $1 million
Percentage of secondary home sales
sales volume declines—out of the world’s top 10 luxury markets.
Percentage of listings over $1 million
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AT HOME
THE NEW PARADIGM IN INTERNATIONAL LUXURY REAL ESTATE
How long does it take to sell a luxury home in the world’s top cities*? Average days on market for $1 million-plus homes
The global prime property market continued on a steady growth
2011
2011
2012
2012
2012
2013
2013
2013
2014
2014
2015
2015
post-global-crisis years of price
2015
90
and financial-market volatility created
81
67
LosAngeles
79
71
San Francisco
61
Toronto
However, shifting economic dynamics
71
appreciation and booming sales.
31 28
39
46
2014
50
trajectory in early 2015 after several
2011
a paradigm shift in the second half of the year and into 2016 across 0
13
2011
2012
2012
2013
2013
2013
2014
2014
2014
2015
2015
2015
5
165 172
2015
2013
2014
2014
2015
2015
2 70
Hong Kong
Paris
105
22 5
165 170 165
15
0
185
14
0
*Singapore days on market data for all five years was not available.
165 1 50
12
London
0
2014
2012
2013
12
2013
2011
2012
0 104
2012
2011
12
2011
2
111
14
5
12
1 08 111
105
87
79
93
Miami
77
New York 96
Sydney
0
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2011
2012
25
42
no data
67
Many of the world’s prime property markets plateaued in late 2015 as a result of macroeconomic factors that caused softening across the world’s financial markets: the slowdown in China’s economy, the drop in oil and commodity prices, and the unrest in Russia/ Eastern Europe and the Gulf regions. The confidence and buying power of many high-networth individuals (HNWIs) were impacted. Despite these factors, meaningful pockets of the world’s most affluent continue to turn to luxury real estate as a safe and tangible wealth-storage asset. The volatility of real estate is, indeed, substantially lower than that of the stock market as observed in a 14-year comparison of the S&P 500 and the Case-Shiller Home Price Index. HNWIs are likely to continue to invest in property because it can weather changing economic cycles, creating long-term value and superior risk-adjusted returns.
7
13
internationally.
Skyrocketing home prices and record-breaking luxury sales volumes that captured headlines worldwide in recent years were abated somewhat in 2015 and 2016. After starting 2015 at the same breakneck speeds that characterized 2014, volatile financial markets and related geopolitical uncertainty caused international luxury real estate market growth rates to finally begin to slow.
13
3
many luxury housing markets
LUXURY DEFINED
SUPPLY DYNAMICS IMPACT LUXURY HOUSING DEMAND
In the majority of our surveyed markets, days on the market for luxury properties fell or remained constant in 2015 as compared to 2014. The average days on market for prime property worldwide was 195, a 23 percent drop from 2014. Limited supply remains a constraining factor in many luxury residential markets. As the International Monetary Fund observed in a January 2016 report, “Inelastic supply of housing contributes to magnifying the impact of shocks to housing demand.” A shortage of quality luxury stock in Sydney is “lessening the impact of the market softening in other price points,” says Ken Jacobs of Ken Jacobs in Australia. The imbalance between demand and supply has helped limit price falls in some markets yet has pushed prices higher in
Luxury homes on average took
195 days
to sell in 2015 across our surveyed prime property markets, an overall 23% decrease from the year prior
others. “The problem with these low inventory levels, aside from the fact that they leave buyers frustrated, is that they are placing incredible upward pressure on sale prices,” notes Chris Kapches of Chestnut Park Real Estate in Toronto, where home prices
increased by 14 percent from January 2015 to January 2016. Renee Grubb of Village Properties in California’s seaside community of Santa Barbara, concurs: “The gradual rise in prices and lack of inventory provided a seller’s market, and left buyers feeling they needed to buy before being priced out of the market.” Market attractiveness, coupled with inventory issues, impacted the time it took to sell a luxury home in the world’s top cities for luxury property. Markets that saw sharp declines in time on market also saw a correlation in sales volume growth: Sydney went from 93 days on market to 67 in 2015, Paris dropped to 165 days from 170. Conversely, London and Hong Kong saw year-onyear increases in the time it took to sell a luxury home in 2015, corresponding with a slowdown in overall demand.
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43
AT HOME
THE “SUPER TALLS” AND THE IMPACT OF NEW-BUILD INVENTORY ON PRIME MARKETS Years of record-breaking price increases, bidding wars due to limited luxury inventory, and strong international buyer interest resulted in a flurry of new ultra-luxurious buildings from developers eager to capitalize on evergrowing demand. 2015 was the apex of the new development blitz globally. The world’s 100th “super tall” skyscraper opened in New York this January, following the development of more than 50 skyscrapers between 2010-2015, many outfitted with ultra-luxury apartments. New residential developments have begun to reduce supply constraints in some markets over the past 12-18 months. However, fewer international buyers and tightened liquidity due to equity market volatility has slowed demand and consequently limited the absorption of this new similarly highpriced stock, most notably in New York, Singapore, and Miami. After a five-year housing shortage in New York, over 6,500 new units hit the market in 2015, the largest influx of new stock since the global financial downturn. Much of this stock was high-value “super luxury” condos. While
Manhattan apartment prices smashed records in 2015, sales of $10 millionplus residences slowed by 14 percent in the same period, with much of the decline in the second half of the year. A similar story unfolded in Miami, where the launch of new prime developments in 2015 bolstered inventory, but a decline in overseas buyer demand caused luxury market sales to slow. “It’s not something to be alarmed about yet, but there’s no question that we’re going to see values level out,” says Ron Shuffield of EWM Realty International. “We’re advising our sellers to be patient; it might take a little bit longer to sell.” In London, new residential developments have successfully contributed to ameliorating the inventory shortage without overwhelming the market. “Our most exclusive residential development schemes in prime central London continue to attract significant attention and high prices, while the second-hand market hasn’t demanded the same kind of response,” notes Lulu Egerton of Strutt & Parker.
THE PRICE OF LUXURY Looking ahead to the remainder of 2016 and beyond, the global prime property market appears set to continue on a slow but steady growth cycle, with prices and sales volumes on an upward trend in some markets. Many premier global centers—as well as prized secondhome resort destinations—continue to command exceptional prices for prime property. A snapshot of 36 luxury primary and resort housing markets reveals that on a price-per-square-foot basis, global economic hubs Hong Kong, London, and New York are the most expensive markets for luxury real estate worldwide by a significant margin. Milllion-dollar-plus homes in the majority of other luxury housing markets span from just under $1,100 per square foot to $200. The exception to this rule is the tiny city-state Monaco, which towers ahead of all other markets and averages more than $4,500 per square foot for luxury homes.
LUXURY DEFINED
Average Luxury Home Prices (Per Square Foot) $1 million-plus-home sales, 2015 4,000
3,000
2,000
9FI5TH.COM
Charlotte
San Antonio
Bozeman, Montana
Costa del Este Panama
Sao Paulo
Charleston
Dubai
Paradise Valley
Atlanta
Park City
Lisbon
Sun Valley
Valencia
Cape Town
Lake Tahoe
Punta del Este
Dublin
Florida Keys
Sydney
Jackson Hole
Miami
US Virgin Islands
Telluride
Toronto
San Francisco
Zurich
Naples
Paris
Punta Cana, Dominican Republic
44
Orange County, California
Resort
Singapore
New York
Primary
Los Angeles
London
Hong Kong
-
Monaco
1,000
LUXURY DEFINED
$5 MILLION what does it buy around the world?
Similar to the starting price for luxury, the amount of property one can buy at a particular price point varies significantly from market to market. From a 1,700-square-foot one-bedroom residence in a high-density urban market to a 15,000-square-foot villa in a second-home resort destination, the following pages outline the wide variety of properties available at a price point that is, in most markets worldwide, clearly defined as part of the “luxury” property segment.
WHAT $5 MILLION BUYS AROUND THE WORLD LOCATION
NUMBER OF BEDROOMS
SQUARE FEET
Hammer Draff Great Properties
3
1,399
Exquisite three-room flat on Place des Moulins
AFFILIATE
DESCRIPTION
1
Monte Carlo, Monaco
2
Hong Kong, China
Landscope
3
1,646
High-rise apartment with centralbusiness district (CBD) views
3
London, England
Strutt & Parker
3
1,730
Three-bedroom maisonette with wonderful outside space
4
Rio de Janerio, Brazil
Judice & Araujo Imóveis
3
2,185
Apartment with magnificent ocean views
5
New York, New York
Brown Harris Stevens
3
2,815
Grand and lofty three-bedroomapartment with chef's kitchen
AFFILIATE
NUMBER OF BEDROOMS
SQUARE FEET
Michael Zingraf Real Estate
4
3,229
Modern villa with terrace and panoramic sea views
Daniel Feau Conseil Immobilier
4
3,229
Exceptional four-bedroom apartment in the capital's Golden Triangle, with Eiffel Tower Views
Sinclair Realty Bermuda
4
3,400
Elegant four-bedroom home with pool
LUXIMO's Luxury Real Estate
5
3,552
Five-bedroom restored private home near the sea
William Means Real Estate
4
4,239
The Thomas Rose House constructed circa 1735
One Caribbean Estates
4
4,330
Stunning Caribbean retreat with ocean views
Barbara Cleary's Realty Guild Incorporated
8
4,803
Charming farm estate on 2.6 acres
LOCATION 6
Côte d'Azur, France
7
Paris, France
8
Warwick Parish, Bermuda
9
Porto, Portugal
10
Charleston, South Carolina
11
St. James, Barbados
12
New Canaan, Connecticut
DESCRIPTION
EAST COAST SUMMER 2016
45
AT HOME
WHAT $5 MILLION BUYS AROUND THE WORLD
LOCATION 13
La Quinta, California
14
Miami, Florida
15
Middletown, New Jersey
LOCATION
AFFILIATE
NUMBER OF BEDROOMS
SQUARE FEET
HK Lane Real Estate
3
5,266
Home with French doors and open floor plan
EWM Realty International
5
5,349
Modern waterfront villa at Aqua Allison Island
Gloria Nilson and Co. Real Estate
6
5,844
Custom estate with pond and stone wine cellar
AFFILIATE
NUMBER OF BEDROOMS
SQUARE FEET
Moreland Properties
5
6,177
Lake Austin waterfront home in gated neighborhood
DESCRIPTION
DESCRIPTION
16
Austin, Texas
17
São Paolo, Brazil
AxPe Imóveis Especiais
5
6,458
Baleia Beach home with private deck and breathtaking views
18
Lisbon, Portugal
Porta da Frente
10
7,330
Exclusive property located in one of the primest residential areas of Lisbon, Restelo
19
Canary Islands, Spain
ETEN Real Estate
5
7,750
Costa Adeje Golf course property with beautiful garden
AFFILIATE
NUMBER OF BEDROOMS
SQUARE FEET
Michael Saunders & Company
5
8,031
Waterfront home with western water and sunset views
Residence Fastighetsmäkleri
14
8,772
Magnificent villa with sea views over the Bay of Sveaviken
AFFILIATE
NUMBER OF BEDROOMS
SQUARE FEET
Luxe Platinum Properties
5
10,122
Majestic gated riverfront estate
CONLON: A Real Estate Company
5
10,930
Custom French country stone estate on private acre lot
Terramar Servicios Inmobiliarios
5
11,840
Spectacular estancia near the beach
Provaltur International
5
14,897
Jack Nicklaus Signature Golf Front Villa with ocean views
Julio Corredor & Cia
12
16,522
18th-century house with renovated contemporary interiors
Gerencia RED Grupo Inmobiliario
4
22,066
Four-bedroom residence with high ceilings and lush gardens
LOCATION 20
Sarasota, Florida
21
Djursholm, Sweden
LOCATION 22
West Linn, Oregon
23
Hinsdale, Illinois
24
Maldonado, Uruguay
25
Punta Cana, Dominican Republic
26
Cartagena, Colombia
27
Monterrey, Mexico
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DESCRIPTION
DESCRIPTION
LUXURY DEFINED
WHAT $5 MILLION BUYS AROUND THE WORLD 12
23
20
HINSDALE, ILLINOIS
SARASOTA, FLORIDA
5
10,930 sf.
8,031 sf.
NEW CANAAN, CONNECTICUT
5,844 sf.
21
3,552 sf.
25
DJURSHOLM, SWEDEN
8,772 sf.
PUNTA CANA, DR
14,897 sf.
CHARLESTON, SOUTH CAROLINA
22
3,229 sf.
PORTO, PORTUGAL
2,815 sf.
MIDDLETOWN, NEW JERSEY
10
PARIS, FRANCE
9
NEW YORK, NEW YORK
15
7
4,803 sf.
1
4,239 sf.
MONTE CARLO, MONACO
WEST LINN, OREGON
1,399 sf.
10,122 sf.
8
WARWICK PARISH, BERMUDA
3,400 sf.
13
LA QUINTA, CALIFORNIA
2
5,266 sf.
HONG KONG, CHINA
11
1,646 sf.
ST. JAMES, BARBADOS
4,330 sf.
16
AUSTIN, TEXAS
6,177 sf.
6
14
CÔTE D’AZUR, FRANCE
MIAMI, FLORIDA
27
3,229 sf.
5,349 sf.
MONTERREY, MEXICO
18
22,066 sf.
LISBON, PORTUGAL
3
7,330 sf.
26
LONDON, ENGLAND
1,730 sf.
CARTAGENA, COLOMBIA
16,522 sf.
24
MALDONADO, URUGUAY
11,840 sf.
17
SÃO PAOLO, BRAZIL
6,458 sf.
19
CANARY ISLANDS, SPAIN
4
RIO DE JANEIRO, BRAZIL
7,750 sf.
2,185 sf.
Under 3,000 sq ft
6,001 - 7,999 sq ft
3,000 - 4,999 sq ft
8,000 - 9,000 sq ft
5,000 - 6,000 sq ft
Above - 9,000 sq ft
A RETURN TO REALISM FOR TROPHY PROPERTY PRICES? Top prices have captured headlines in recent years, prompting many sellers to reach for the stars when listing their trophy property for sale. We examine the challenge of pricing at the top end of the market so that sellers can better gauge pricing dynamics and challenges in today’s new luxury landscape. Prices of prime properties are set by location, features, size, rarity, provenance and—most importantly—by supply and demand conditions that determine what the market will actually bear. Today’s new luxury landscape is increasingly a tale of misaligned expectations, characterized by a widening disparity between what buyers and sellers consider fair market value for prestige properties.
LUXURY DEFINED
EAST COAST SUMMER 2016
47
AT HOME A return to realism for prime property prices Asking prices vs. actual sales prices for luxury residential sales as reported by 250+ real estate agents from the Christie’s International Real Estate worldwide network, based on their highest priced residential sales in 2015 Property asking prices $30M + $20M to $30M $10M to $20M $5M to $10M $3M to $5M $1M to $3M $750k to $1M Less than $750k
Actual sale prices (average % discount) -3% -4% -6% -8%
-11%
-15%
-18%
The top real estate sales worldwide in 2015 Individual residential sales priced at $50 million and above SALE PRICE (US$)
PROPERTY
LOCATION
COUNTRY
TYPE
SALE PRICE (LOCAL)
1
$194 million**
Barker Road Estate on The Peak
Hong Kong
China
Single-Family Home
HK$1.5 billion
2
$141 million
Terrace Townhouse W1
London
United Kingdom
Single-Family Home
£92 million
3
$91.5 million
Winter Garden One57 Penthouse
New York, New York
United States
New Development
-
4
$77.5 million
Fifth Avenue Duplex
New York, New York
United States
Single-Family Home
-
5
$71.2 million
Casa Apava
Palm Beach, Florida
United States
Single-Family Home
-
6
$67.5 million
Co-Op at The Sherry Netherland
New York, New York
United States
Single-Family Home
-
7
$66.7 million**
Ridout Road Estate
Singapore
Singapore
Single-Family Home
$85 million
8
$66.6 million
Monte Carlo Residence
Monte Carlo
Monaco
Single-Family Home
€60 million
9
$65.7 million
12th Floor Opus Penthouse
Hong Kong
China
New Development
HK$509.6 million
10
$60 million
Paradise Cove Estate
Malibu, California
United States
Single-Family Home
-
11
$59.4 million
The Singleton House
Holmby Hills, California
United States
Single-Family Home
-
12
$57.3 million
Further Lane Estate
East Hampton, New York
United States
Single-Family Home
-
13
$55 million**
Faena House
Miami, Florida
United States
New Development
-
14
$53 million**
La Mer, Packer Estate
Sydney
Australia
Single-Family Home
A$70 million
15
$52 million
Carton House Penthouse
New York, New York
United States
Single-Family Home
-
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9FI5TH.COM
LUXURY DEFINED
The top real estate sales worldwide in 2015 (CONTINUED) SALE PRICE (US$)
PROPERTY
LOCATION
COUNTRY
TYPE
SALE PRICE (LOCAL)
16
$50.9 million
Time Warner Penthouse
New York, New York
United States
Single-Family Home
-
17
$50.5 million
Encinal Bluffs Oceanfront Compound
Malibu, California
United States
Single-Family Home
-
18
$50 million
Eothen—Andy Warhol’s Hampton’s Estate
Montauk, New York
United States
Compound
-
19
$50 million
Opus Residence
Hong Kong
China
New Development
HK$387 million
** Denotes the highest ever residential sale price recorded in the local market
The top real estate sales worldwide to date in 2016 Individual residential sales priced at $50 million and above SALE PRICE (US$)
PROPERTY
LOCATION
COUNTRY
TYPE
SALE PRICE (LOCAL)
1
$700 million
WT Waggoner Estate
Texas
United States
Ranch
Undisclosed
2
$100 million
Crespi Estate
Dallas, Texas
United States
Single-Family Home
Undisclosed
3
$59 million
La Casa sin Nombre
Palm Beach, Florida
United States
Single-Family Home
Undisclosed
Highest priced properties offered for sale as of May 1, 2016 $50 million and above, publicly reported individual residential listings worldwide SALE PRICE (US$)
PROPERTY
LOCATION
COUNTRY
TYPE
SALE PRICE (LOCAL)
1
$500 million
Nile Niami Bel Air Spec Home
Los Angeles, California
United States
Spec Home
2015
2
$455 million
Le Palais Bulles/"Bubble Palace"
Côte d'Azur
France
Single-Family Home
2015
3
$385 million
18 Carlton House Terrace
London
United Kingdom
Single-Family Home
2013
4
$330 million
Odeon Tower Penthouse
Monaco
Monaco
New Development
2016
5
$200 million
The Playboy Mansion
Los Angeles, California
United States
Single-Family Home
2016
6
$195 million
Gemini
Manalapan, Florida
United States
Single-Family Home
2015
7
$159 million
Le Palais Royal
Hillsboro Beach, Florida
United States
Single-Family Home
2015
8
$150 million
"Mon Reve"
Los Angeles, California
United States
Single-Family Home
2015
9
$140 million
Briar Patch
Hamptons, New York
United States
Single-Family Home
2014
10
$135 million
Trousdale Estates Compound
Los Angeles, California
United States
Spec Home
2015
11
$128 million
Island Road Estate
Hong Kong
China
Single-Family Home
2016
12
$125 million
Rancho San Carlos
Montecito, California
United States
New Development
2014
13
$125 million
258-acre Bel Air Canyon
Bel Air-Holmby Hills, California
United States
Land
2015
14
$125 million
Palazzate
Barbados Riviera
Barbados
Single-Family Home
2015
15
$125 million
Fifth Avenue Compound
New York, New York
United States
Compound
2015
16
$120 million
Fifth Avenue Duplex
New York, New York
United States
Single-Family Home
2016
17
$120 million
The Park Bel Air
Los Angeles, California
United States
Land
2015
18
$115 million
2 Carlton House Terrace
London
United Kingdom
Single-Family Home
2014
19
$108 million
Las Varas Ranch
Goleta, California
United States
Ranch
2016
20
$108 million
Palais Venetien
Cannes
France
Single-Family Home
2015
21
$106 million
Allaman Castle
Geneva
Switzerland
Single-Family Home
2011
22
$105 million
Waterfront Residence
Theoule-sur-Mer, Côte d’Azur
France
Single-Family Home
2015
23
$105 million
No. 1 Twelve Peaks
Hong Kong
China
Single-Family Home
2015
24
$100 million
Isle de Ronde
Grenada
Grenada
Land
2013
25
$100 million
Sycamore Valley Ranch
Los Olivos, California
United States
Single-Family Home
2015
26
$100 million
Islas Cayonetas
Las Perlas Archipelago
Panama
Land
2015
27
$100 million
King's Point Estate
Great Neck, New York
United States
Single-Family Home
2015
EAST COAST SUMMER 2016
49
AT HOME
CHANGING TIDES
ANDREW HEIBERGER IS NO STRANGER TO REAL ESTATE. From the
NRT Incorporated in 2004. Under
tender age of 16, Heiberger began
as Greenwich Club Residences – a
to invest in his passion, trading
452-unit condominium conversion
land and selling property on Long
located at 88 Greenwich Street.
Island. By 26, he founded his first
Today, Heiberger heads TOWN
real estate brokerage firm, Citi
Residential, one of Manhattan’s
Habitats, and carefully orches-
leading full-service luxury real es-
trated its growth and success until
tate firm, covering seven locations
the company was acquired by
with more than 500 brokers.
a new company, Buttonwood Development, Heiberger soon successfully completed projects such
Andrew Heiberger, Founder and CEO of TOWN Residential, comments on what’s currently happening in the property market - from Miami to Manhattan.
“A FAILED DEVELOPMENT IN MIAMI SHOULD REALLY BE REFERRED TO AS A FAILED MARKETING AND SALES CAMPAIGN.”
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ANDREW HEIBERGER
off the record
“IN THE UBERLUXURY MARKET ABOVE $15 MILLION, THERE HAS BEEN A FLATTENING. BUT TOWN IS A DIVERSIFIED BROKERAGE FIRM, AND THIS SECTOR ONLY ACCOUNTS FOR 5% OF OUR BUSINESS.” -Andrew Heiberger It’s fair to say that TOWN has come a long way in a short time. When Heiberger founded the firm
recently had a closing above $25
$2,000- $2,400 per foot but by the
million. Last year, we closed ten
time of completion, they skyrock-
properties above $20 million. So,
eted in price to over $5,000-$7,000
if last year we closed ten at above
per square foot. Now that the
$20 million, and this year we close
market has softened, the remaining
then you design the building and
seven, one can make a broad as-
inventory, if any, will need to be
develop a marketing campaign,
sumption and state that the luxury
marked down to $4,000 per square
invest millions in a world class
market has declined by 20%, with
foot in order to trade, but the
marketing and sales center, and
the caveat that it’s from a small
luxury developer will still outper-
you wait for sales to come in.” Hei-
sample group.”
form by two times from their initial
berger said. “You have appearanc-
projections. So, there are no losers
es versus reality. The appearance
here.”
is that there are 30,000 condos on
It’s been suggested that that the luxury market is flatlining due to
“In Miami, you buy the land,
Although Heiberger agrees
prices. “In the uber-luxury market
that there is a high proportion of
if developers do not presell over
above $15 million, there has
inventory on the market – both
60-80 percent of the development,
been a flattening. But TOWN is a
new builds and existing stock – he
the building will not get built. So,
diversified brokerage firm, and this
acknowledges that Manhattan
when you see all those cranes and
sector only accounts for 5% of our
is a city that will always prove
buildings rising out of the ground,
business,” he said. “We close a lot
popular with buyers. “There are
they are already a success. A failed
of business between $8-$15 mil-
several high-net-worth cities or
development in Miami should
lion, and the real sweet spot is in
resort destinations in the U.S.: Los
really be referred to as a failed
the region of $1-$4 million.”
Angeles, Miami, San Francisco,
marketing and sales campaign.”
So, what exactly is driving
the Hamptons, and Palm beach to
the market. But the reality is, that
Reminiscing to when he lived in
business when everyone in the
name a few – and they all feed back
Miami (in one of the first skyscrap-
peanut gallery thinks buyers have
to owning property in Manhattan.
er residential towers on Brickell
paused? “There has been more of
The residents of these areas quite
Avenue), Heiberger sheds light on
an asking price correction, in fact, a
often want to own a second home
the best way to come out of Miami
severe asking price correction than
on top if you are interested in
an actual price correction,” said
investing in Miami condominiums.
Heiberger. “There is activity within resales above $15 million as well.” Despite the fact that new build sales make up only a relative
30 representatives. Fast-forward
percentage of business, Heiberger’s
six years and TOWN has become
in-depth knowledge in this domain
one of the most competitive firms
is impressive. When it comes to the
on the market. “We’ve transacted
low-down on new build develop-
over $8.5 billion in sales and leas-
ments from Manhattan all the way
ing transactions since we started in
to Miami, Heiberger is the man to
2010. This includes 15,750 total
separate market fact from fiction. “In Manhattan, you buy the
12,000 rentals, 50 trophy pent-
land, you secure construction
houses, and 175 town houses, 80
financing, and then you build.
of which were in Brooklyn,” said
There is no pre-sale requirement
Heiberger. “We also rented the
by lenders or investors – you just
highest price ever paid worldwide
start building. Then you hope
by a tenant at $650,000 a month.”
that you will sell. You’re taking
Needless to say, TOWN is
If Manhattan is a safe bet, can the same be said for Miami?
over saturation and sky-rocketing
in 2010, his team consisted of just
transactions, over 3,800 sales and
here in Manhattan.”
a risk,” Heiberger admitted. “If
charging full steam ahead and
demand slips off and there is lot
shows no signs of slowing down –
of competition, there is an even
not even when there’s a rumored
greater risk.” However, developers
‘softness’ in the market. “Above $15
are making sure that their benefits
million, the market is softer, but
outweigh their costs. “When these
there is still new business and new
projects were initially conceived,
contracts coming in,” he said. “We
they probably were modeled at
“ABOVE $15 MILLION, THE MARKET IS SOFTER, BUT THERE IS STILL NEW BUSINESS AND NEW CONTRACTS COMING IN.”
“The key to investing in Miami is to be first in and first out. When the music stops, you will have missed the chair. The properties on the beach and with water views have not only appreciated the most but have retained value during the downtown as well.” With his robust knowledge and hunger for success, it’s little wonder that Heiberger is making waves. From intelligent strategic partnerships down south, to a roster of star brokers in New York City, TOWN is a making moves in the world of luxury real estate. This, however, begs the question: What is luxury? “Luxury is an art not a science. It can be explained and defined in the media, but it can only be experienced in person. He said. “I strongly believe our platform at TOWN embodies luxury as all aspects of business services, properties and events.
EAST COAST SUMMER 2016
51
INSIDE GIVING YOU A PLETHORA OF IDEAS to tickle your design buds, this edition will have you longing for a new home to decorate.Take a look at the star-studded cast of furniture and accessories we have lined up.
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THE RUG COMPANY
Z I C A NA Luxury stone artisan and designer
Zicana first caught 9fi5th's eye with their large slabs of precious and unique gemstones, used for
anything from countertops to feature walls. Today, Zicana's Founder and CEO Francesco Marasco leads the company in a new direction fuelled by a new found artistic drive. While still using the classic Zicana stones, Marasco has created four unique chairs that are truly one of a kind.
A $14,300 Gemstone Blue lapis Fabric Blue velvet Wood European beech, antique gold leaf finish
DOMINATORE F R EN C H S ETTE
BY TAKING A VINTAGE CHAIR made from European Beech wood and adding a Gold Leaf finish, Zicana makes this French Settee the most desirable throne for any king or queen. Delicate accents of Blue Lapis are detailed through out the chair’s frame for a unique touch. One of Twelve. Handcrafted in New York.
EAST COAST SUMMER 2016
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INSIDE
A $6,200 Gemstone Petrified wood Fabric Crimson European hair on cowhide Wood Maple, Brown walnut satin finish
PASSIONE D IR EC TOIR E C H A IR
THIS LIMITED EDITION Directoire Chair is made of a vintage Maple and Brown Walnut frame with a satin finish. Upholstered with crimson European hair on cowhide, there is no passion lacking in this chair’s aesthetic. With petrified wood gemstones added, this is a unique one of a kind chair. Handcrafted in New York.
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FOR THE DARK AND MYSTERIOUS, this limited edition Olympia chair combines European Beech wood, black crocodile leather and the gorgeous gemstone Malachite together in a grand affair. Handcrafted in New York.
A $9,795 Gemstone Malachite Fabric Black crocodile leather Wood European Beech, satin finish
PROVOCANTE O LY M P IA CHAIR
VERITA NA P O LI CHAI R
THE SHINING STAR of the ball is the Napoli Chair, one of three ever made. Resting on top of a silver leaf finished maple wood frame, this regal chair is blessed with two .200 carat amethyst gemstones, rhodium plated in sterling silver (925) bezel. Handcrafted in New York.
A $12,102 Gemstone Amethyst; rhodium plated sterling silver (925) bezel, 0.200 total carat weight Fabric Amethyst velvet Wood Maple, silver leaf finish
EAST COAST SUMMER 2016
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INSIDE
the SLEEP YOU DREAM of DUXIANA’s DUX bed takes sleep technology to another level.
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DUXIANA
W hen fatigue or restlessness
hits, it’s easy to blame busy work schedules, too much
travel, or a myriad of other factors. However, more often than not, fatigue, back pain, and even irritability can all be traced back to how well one sleeps. These days, many of us do not dedicate enough time and effort in choosing a bed, or rather, underestimate the importance of it. Luckily, DUXIANA, the famed Swedish bed maker, has been educating the market for decades, since sleep quality can affect everything from your physical to mental well-being. With origins in Sweden,
LOOKING TO CUSTOMIZE? DUX BEDS CAN BE CUSTOMIZED ON THE GO WITH ADJUSTABLE LUMBAR SUPPORT AND INTERCHANGEABLE SPRING FIRMNESS CASSETTES IN DIFFERENT DENSITIES. Resort, among others, then you’re familiar with the
where the company still
soaring standards of luxury
has its home base under
that DUXIANA brings to
the leadership of the Ljung
the bedroom.
family, who founded the
If you’re wary that this
company and continue to
may be just another snake
operate it over the course
oil routine that doesn’t offer real results, let DUXIANA’s
of four generations,
President Ed Curry set your mind at ease. As he informed
forth new designs with
DUXIANA began on-site
us during a recent sit-down, “Our philosophy is about ac-
slightly slimmer bases and
promotion for its brand
tive support as opposed to passive support, which includes
luxurious leather accents.
in the United States in
foam, expensive natural materials and fibers, etc. With
The various levels of DUX
1977 when they opened a
passive support, you lie down and the materials compress.
beds will have something
New York City office and
Our idea is that with nearly a mile of steel wire in a DUX
for everyone and the
showroom. They have
bed, your spine is actively supported during sleep as the
adjustable lumbar support
since grown to include 28
mattress contours to all your movements, giving you that
has been redesigned to be
DUXIANA stores in the
support you’ve always been missing.” Employing Sweden’s
less visually intrusive.
US and 88 stores world-
millennia-long tradition of smelting excellence, you can
Whether you’re in for
wide. In addition to their
rest assured that the highest quality carbon steel wiring
a taste of something new
world-class showrooms,
used in every DUX bed will deliver where all other brands
or looking for relief from
the DUXIANA name has
fall short.
those nighttime woes, take
This season brings
Moreover, DUXIANA’s patented and revolutionary
a DUX bed for a spin and
the world’s ritziest suites. If
Pascal Personal Comfort Zone System allows you and your
experience the DUX dif-
you’ve ever enjoyed a restful
partner to customize your DUX bed to your specific body
ference firsthand. You can
and relaxing holiday at
type. This trademarked technology divides the bed into six
try their beds at numerous
New York’s The Greenwich
different regions, with interchangeable spring cassettes of
luxury hotels around the
Hotel, Beijing’s Red Wall
soft, medium, or firm tension. By opening the top of the
world, and see the differ-
Garden Hotel, Dubai’s
bed to access the cassettes, you can choose the level of sup-
ence for yourself. So, take
Burj Al Arab Jumeirah, or
port needed for each of your shoulders, hips and legs, until
a rest. Trust us, you won’t
Santorini’s Kapari Natural
you find the contours that are right for you.
be disappointed.
staked a claim in some of
THE SURREY
NOT SURE WHICH MODEL TO PICK? TAKE A DUX BED FOR A SPIN BY STAYING AT ONE OF MANY INTERNATIONAL LUXURY HOTELS WHO CARRY THEM!
EAST COAST SUMMER 2016
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INSIDE
morada THE MAN-T
Inspired by the graciousness of stingrays and their flying movement under water this lounge chair invites you to chill. Starting at $5,450 (Excluding ottoman)
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TAGGLIA ARM CHAIR
Inspired by the movement and liveliness of Brazil the Tagglia introduces the fashion element of fringes to haute furniture design. Starting at $4,400
BOND LOUNGE
Inspired by the sensual fashion of italy’s pre-a-porter this armchair let’s you indulge in haute furniture design combined with comfort and usability in your personal living space. Starting at $4,490
LAMPO SOFA
Inspired by the fashion runways of Milan and Paris the Lampo Sofa transforms haute couture fashion into haute furniture. Starting at $9,200
NUBE SOFA A representative and comfortable sofa inspired by the fluffiness and shapes of the clouds. Starting at $12,900
All item shown available in other dimensions, materials and finishes
EAST COAST SUMMER 2016
59
INSIDE
the RUG COMPANY
ZIG ZAG CUSHION by PAUL SMITH for THE RUG COMPANY
THE ZIG ZAG CUSHION has a bright geometric pattern in which the multi stripe line is twisted from right to left to create a perfect zig zag pattern. The colours within the zig zag pattern reflect the colour palette of Paul Smith’s classic multi stripe. The needlepoint cushion is hand woven in wool, and comes with a generous goose down filler.
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Wool needlepoint $785 , 29.5”x20” Available at therugcompany.com
TURNER CUSHION by JONATHAN SAUNDERS for THE RUG COMPANY
WHITMORE CUSHION by JONATHAN SAUNDERS for THE RUG COMPANY
“THE COLLECTION was originally inspired
ISABELLA
by LORENZO CASTILLO for T HE RU G COM PA NY
by weaving and knitting patterns – the repetition of a simple thread can build and develop into something quite intricate and detailed. Each design starts with a simple shape as its foundation, which is then manipulated through repetition and reflection to create a layering effect that adds intricacy and texture. I liked the idea of playing with the contrast between simple, clean lines and bold, clashing colours – reminiscent of the style of Herbert Bayer. My aim for this collection was to create something very modern and dynamic, but which can very easily and effortlessly inject into a home.” –Jonathan Saunders
Wool needlepoint $545, 22”X22” Available at therugcompany.com
ISABELLA IS INSPIRED BY the Renaissance architecture in Florence, in particular the façade of the Palazzo Strozzi. The optical illusion of the design is achieved through Castillo’s colour palette of muted red and grey. The Lorenzo Castillo collection has been hand woven using a chunkier knot, resulting in a thicker pile and a lower price band.
Hand knotted Tibetan wool $85 per square foot or $4,590 Available at therugcompany.com
EAST COAST SUMMER 2016
61
TOOLS OF THE TRADE ARCHITECTURE IS THE REALIZATION of homeward artistry. Take a look at the contemporary lines we have in store for you this summer.
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GRADE NEW YORK
INNOVATIVE VISIONS AMONG HISTORIC HOMES GRADE NY breaks
new ground on dated Hamptons styles.
Having joined forces at Grade New York 12 years ago, Thomas Hickey and Edward Yedid are now heading one of New York's most celebrated architectural firms. Started during an upswing in the construction cycle the firm persevered during the Great Recession, leading to the success that GRADE has achieved in the years since. Focusing on precision and personality for each project, the team works hand-in-hand with clients to fully express the ideal realization of each individual lifestyle. Moreover, with a globally minded firm inspired by culture, art, and design worldwide, the professionals at GRADE’s Manhattan studio blend groundbreaking innovation and contemporary design with tried and true principles to give you the most meticulously crafted experience you could hope for. We sat down with Hickey and Yedid to learn more about three of GRADE’s exciting Hamptons projects — Shiplap House, Shutter House, and Stone House — to figure out just what it is that sets them above the rest.
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TOOLS OF THE TRADE
STONE HOUSE, another of GRADE’s Sagaponack projects is Stone House, with its 11,500 square feet of jaw-dropping beauty. Hickey and Yedid wanted the concept behind the property to be a modern translation of a vernacular barn and this incorporated the luxurious finishes for which the firm is known. “We wanted to make sure that when you were here, you felt like you were on your own farm. We created a stair hall that is offset to the garage, which serves as a double-height entry hall so that, when you enter, there is an explosion of space. We brought in high-end finishes such as stained eucalyptus paneling in the kitchen to truly create a luxurious space.” By yet again positioning the windows and architectural planes to frame the surrounding landscape, GRADE has created a spectacular, organically flowing home endowed with a continuity between interior and exterior. Finally, with juxtaposed natural premium materials like cedar and limestone, the eye-catching angular façade of clean lines and vast planes announces Stone House’s and GRADE’s presence among the traditional styles and firms so long associated with the Hamptons.
OPEN CONCEPT
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EUCALYPTUS PANELING
WE WANTED TO MAKE SURE THAT WHEN YOU WERE HERE, YOU FELT LIKE YOU WERE ON YOUR OWN FARM.” - THOMAS HICKEY
STRUCTURED LANDSCAPE DESIGN AT SHIPLAP HOUSE
WE WANTED A MORE NATURAL AND RELAXED FEEL WITH SHIPLAP HOUSE. BY INCORPORATING LIMESTONE AND SOFT WOOD CABINETS ON THE INSIDE, IT GIVES THE RESIDENCE A LIGHTER AND SOFTER FEEL.” - THOMAS HICKEY SHIPLAP HOUSE, completed on a beautiful strip
LIMESTONE AND SOFT WOOD CABINETS
of Sagaponack acreage, is a 10,500-square-foot property that pushes the envelope for the traditional residential aesthetic found in the Hamptons. Emphasizing an open floor
soft wood cabinets on the inside, it gives the residence a
plan that merges indoor and outdoor spaces, the design-
lighter and softer feel. We also created a buffer with the
ers envisioned this as an organic and modern oasis that
grass so that all of the function stays on the street side.”
displays a contemporary and vibrant lifestyle. As Hickey
With sprawling lawns and structured landscape design,
and Yedid told us, “We wanted a more natural and relaxed
Shiplap House creates an ample amount of leisure space
feel with Shiplap House. By incorporating limestone and
and picturesque views.
EAST COAST SUMMER 2016
65
TOOLS OF THE TRADE
MIXING TRADITIONAL AND MODERN
ONCE YOU FIND YOURSELF IN THE ENTRY HALL, YOU WILL SEE THAT, IN ADDITION TO BEING FRAMED BY THE TRADITIONAL THRESHOLD, IT IS EXPANDED BY AN INTRODUCTION OF LATTICEWORK THAT BRINGS THE FRAMEWORK IN A BIT MORE TIGHTLY BUT ALSO ALLOWS THE LIGHT AND AIR TO COME THROUGH.” - EDWARD YEDID
SHUTTER HOUSE is s a luxuriously designed modern home that mixes the traditional with the contemporary by juxtaposing classic and natural materials against modern silhouettes. The architectural focus of this 13,500-square-foot Southampton home lies in accentuating the views of the surrounding landscape with double-height living and dining areas framed by floor-to-ceiling windows that span most of the rear façade. The team at GRADE have incorporated soft cream fabrics, ethereal
VIEWS OF THE SURROUNDING LANDSCAPE
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9FI5TH.COM
stone, and stained rift cut oak into the design of Shut-
LATTICEWORK IN THE ENTRY HALL
ter House to create a tranquil and soothing palette reminiscent of the local coastal spirit. As Yedid explained, “Although the street side is sparsely ornamented, we have striven to impart a rich sense of texture and material with a thickness and depth. Once you find yourself in the entry hall, you will see that, in addition to being framed by the traditional threshold, it is expanded by an introduction of latticework that brings the framework in a bit more tightly but also allows the light and air to come through.”
GRADE NY ALSO HANDLED THE INTERIORS
EAST COAST SUMMER 2016
67
TOOLS OF THE TRADE
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9FI5TH.COM
Inquire for all pricing
BESPOKE
BRILLIANCE At Shakúff, custom lighting is the standard
KADUR DRIZZLE 19 KADUR DRIZZLE 19, Clustered blown glass chandelier with 19 hanging pendants. The grey outer exposes clear drizzle within. When off, the fixture emits a hint of black chrome; once turned on, the crystal clear drizzle within shines through. Can be customize to fit any space. We personally love it as a dining center piece.
Shakuff works directly with clients to design their individual light fixtures. Each piece is custom made to fit the space. Quantity, size, and color of pendants can be mixed and matched to create a unique piece
MOD NEO PENDANT
TAMAR WAND
The MOD NEO pendant.
The linear sleekness of
This fixture has same
TAMAR WAND pendants is
perforations as Shakuff’s
shown here in frost with
MOD pendant but incor-
brushed nickel hardware.
porates an organically
TAMAR’s understated
shaped frosted band.
look is juxtaposed with
It is shown here in grey
the tangible quality of the
with a frosted half part
rippled frosted glass. Fan-
of the orb. Perfect for a
tastic in a contemporary
hallway or bath.
kitchen layout.
EAST COAST SUMMER 2016
69
TOOLS OF THE TRADE
TANZANIA PENDANT From Shakuff's PELEG collection made of fused glass, each pendant is made of four panels of hand-crafted, textured, fused glass. Shown here in milk, Tanzania can be customized to fit any space with a variety of pendants. Let your imagination be the limit.
Shakuff has a lot of experience building huge, 2- or 3-story long custom fixtures
CRYSTAL SHELL PENDANT Shakuff's CRYSTAL SHELL pendant used in a twostory chandelier reflects both light and texture when displayed across large verticals. Shown here in grey
THE PELEG COLLECTION has over 28
snow, the look is reminis-
colors to choose from! A truly vibrant palette
cent of gemstones shining
of textured fused glass it is easily customizable
in the light. We love this look to complement grand entry halls and staircases.
THE TEXTURED MULTI PALETTE is made from several layers of blown glass. Pigment is applied and fired together, creating the blazed texture incorporating bubbles and swirls. Shown here on the SHELL blown glass. We love the colors!
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CLOSE UP OF OUR CRYSTAL SHELL PENDANT SHOWN IN GREY SNOW.
to any color scheme. Identified by its rich color and exotic textures it allows clients to let their minds wander.
KADUR INDIVIDUAL PENDANTS Available in 9 color variations with a frosted or drizzled glass center orb.
CHAMPAGNE WITH WHITE FROST CENTER
GREY WITH CLEAR DRIZZLE CENTER
CLEAR WITH BLACK DRIZZLE CENTER
CHAMPAGNE WITH CLEAR DRIZZLE CENTER
MOD PENDANT The MOD pendant shown here as a multipendant chandelier, with mixed sizes and colors (grey & amber). Each puncture is individually perforated to give it an organic look. MOD is customized to each client and wires are adjustable even after installation. We suggest you mix and match and get as many or few orbs as you can!
CLOUD MULTI-PENDANT CHANDELIER CLOUD Multi-pendant chandelier, shown here in clear, mixed glass sizes. CLOUD is a blown glass orb with multiple indentations. The artist puts his "stamp" on the glass when creating each poke.
Most, if not all of lighting is now available as LED EAST COAST SUMMER 2016
71
A VILLAGE within THE VILLAGE
WEST VILLAGE NEW DEVELOPMENT 100 BARROW
MELDS INTO THE HISTORIC ARCHITECTURE OF IDYLLIC NEIGHBORHOOD.
DUPLEX TERRACE AT 100 BARROW
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100 BARROW EAST COAST SUMMER 2016
73
NEW YORK ˚ MANHATTAN ˚ WEST VILLAGE
W alking along the peaceful
cobblestone street in front of a quaint row of 19th
century brick townhouses, we arrived at 100 Bar-
row, a new-construction
development in the heart of the historic West Village. We felt as though we had stepped back in time. It’s a place where serene gardens blooming with hydrangeas and flowering cherry trees are shaded by century-old maples around a simple yet magnificent brick church and its elegant bell tower. We spent some time with David Von Spreckelsen, The New York Division President at Toll Brothers City Living, the project’s masterful developer, to find out what 100 Barrow
AN ABUNDANCE OF LIGHT AND VIEWS
brings to the table apart from its tranquil setting.
place to live in all of
Offering residents gracious
New York City. You are
living spaces, an enticing
a few blocks’ walk from
suite of amenities, and the
Hudson River Park and
opportunity to live in New
among some of the most
York City’s coveted West
charming real estate New
Village, 100 Barrow will
York City has to offer.
give you a place of your
Something that many
dreams to call home.
people don’t know, is that
“As far as neighbor-
The Church of St. Luke
hoods are concerned, it
in the Fields, which owns
doesn’t get much better
the entire block, has hid-
than the West Village,”
den and secret gardens
said Von Spreckelsen.
that are open to the pub-
“The location is definitely
lic through an entrance
the main draw and is prob-
on Hudson Street. Many
ably the most desirable
of the residences at 100
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THE LOUNGE
“THE LOCATION IS DEFINITELY THE MAIN DRAW AND IS PROBABLY THE MOST DESIRABLE PLACE TO LIVE IN ALL OF NEW YORK CITY. YOU ARE A FEW BLOCKS’ WALK FROM HUDSON RIVER PARK AND AMONG SOME OF THE MOST CHARMING REAL ESTATE NEW YORK CITY HAS TO OFFER.”
AND ENTRY
the gardens
grassy lawns and numer-
space like this you’ll never
at St. Luke
ous park benches that are
want to leave. But you
in the Fields
tucked away in shady cor-
will still be drawn to the
were started
ners. The more formal sec-
breathtaking views of the
in 1842
tion of the garden is found
West Village, the historic
when a cut-
at the corner of Barrow
location, and the fact that
ting of the
and Hudson Streets and is
the neighborhood offers an
Glastonbury
enclosed by ivy-covered red
astounding array of public
Thorn from
brick walls, designed with
spaces, restaurants, schools,
England’s
four quadrants of seasonal
and retail stores including
Somerset
plantings. Yellowwood
the Whitney Museum of
was planted
trees flourish in the unique
American Art, Hudson
there. The
climate created by the gar-
River Park, Washington
Barrow overlook these
garden has since evolved
den’s heat-retaining brick
Square Park, and St.
beautiful spaces.”
into a placid urban oasis
walls and warm, sunny
Luke’s School.
where peaceful contem-
southern exposure.
With an English landscape-inspired design,
plation is encouraged by
The residences
We know, with green
themselves, much like the
EAST COAST SUMMER 2016
75
PARTICULARS 100 BARROW
PLACE West Village, New York
PROPERTY 26 Residences
PLANS 1,600 - 3,900 square feet
PRICE $4.5 million $14 million
PERIOD Fall 2017
PERKS
THE WINE CELLAR
MASTER BATH
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“AS FAR AS NEIGHBORHOODS ARE CONCERNED, IT DOESN’T GET MUCH BETTER THAN THE WEST VILLAGE.” - DAVID VON SPRECKELSEN
area, leave nothing to be desired. Toll Brothers City Living sought out Barry
24-hour attended lobby, lobbylevel common terrace, wine cellar with keyed wine storage closets, lounge, fitness center, sauna and steam room, catering kitchen, children’s playroom, bike room, pet spa
Rice Architects to deliver a Flemish bond brick and bronze exterior façade that stands in subtle relief
detailed in a richly textured
from the architectural
palette of grey oak and oil-
background of the historic
rubbed bronze and offer
area. Working with Brook-
custom Poliform cabinets
lyn-based Bernheimer
and hardware, custom fix-
Architecture, 100 Barrow
tures crafted by Watermark
brings you refined interiors
Designs, Carrara marble
that are as subdued as the
countertops and back-
West Village is quiet. Ev-
splashes, and appliances
ery two- to four-bedroom
by Gaggenau. Each master
residence offers open-plan
bathroom features grey
living and dining areas,
and black marble counter-
oversized floor-to-ceiling
tops coupled with double
windows, and ceilings over
white lacquer vanities and
nine feet in height.
custom bronze Water-
The open kitchens are
mark fixtures. Secondary
INTERIORS
“SOMETHING THAT MANY PEOPLE DON’T KNOW, IS THAT THE CHURCH OF ST. LUKE IN THE FIELDS, WHICH OWNS THE ENTIRE BLOCK, HAS HIDDEN AND SECRET GARDENS THAT ARE OPEN TO THE PUBLIC THROUGH AN ENTRANCE ON HUDSON STREET. MANY OF THE RESIDENCES AT 100 BARROW OVERLOOK THESE BEAUTIFUL SPACES.” bathrooms showcase walls finished in both striated raw Carrara marble and slabs of smooth honed Carrara that add a layer of texture and depth. With a host of amenities including a common terrace, fitness center, and private wine cellar, 100 Barrow offers a full-service lifestyle in the middle of bustling New York City, while still managing to feel worlds apart.
FOR MORE INFORMATION, PLEASE VISIT 100BARROW.COM.
PH ROOFTOP
EAST COAST SUMMER 2016
77
the
spice of
life Miami restaurant Seaspice brings right set of ingredients to a lively atmosphere.
78
9FI5TH.COM
MELI MELO
EAST COAST SUMMER 2016
79
TT
COCKTAILS
AND FRESH SEAFOOD
he first time we set
the many yacht excursions that stop
foot in Miami eatery
at this Miami River venue.
Our afternoon lunch was in the seasoned hands of Manager Carlos
Seaspice was during a
Better late than never, right?
Cruz, who first guided us through
torrential downpour
Seaspice greets you with intricate
initial cocktail choices to introduce
that lasted for several hours. We
architecture the moment you walk
a fragrant lavender infused honey
were trying not to hit anyone with
in, along with a wooden swing that
cocktail and pungent Kappa Pisco
the car on our way and eventu-
has made it to many an Instagram
and passion fruit drink with a spicy
ally waded through puddles that
account to date, the interiors ooze
jalapeño kick. The “Lavender Col-
resembled small lakes.
laid back elegance. But don�t let
lins” brought forth a flowery bouquet
the stunning décor and intimate
of aroma that beautifully blended
the entrance and into what proved to
ambiance fool you, the dishes and in-
the scent with blueberries. Our
be the perfect hideaway during the
gredient list at Seaspice could easily
favorite was Cruz’s “Yellow Tail”
storm. You see, unlike most locals
stand on their own and prove to be
suggestion. Sweet to begin with, it
we hadn�t actually been to Seaspice’s
center stage when it comes to flavor
finished with a deep piquancy to fill
famed Sunday brunches or enjoyed
combinations.
you with the warmth of jalapeño —
Luckily, this Editor made it past
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TO TRY 1 Yellow Tail Cocktail 2 Coconut Salmon Ceviche 3 Dessert Beignets
DESSERT - THE MINI BEIGNET!
EAST COAST SUMMER 2016
81
TRY SUNDAYS FOR SEASPICE’S FAMED BRUNCH!
BRUNCH DELICACIES
on a continuous basis, allowing you to choose something different most times you visit. Music was playing while the rain continued to fall, and Cruz presented us with a bottle of Muscadet. Often thought to be a sweet wine, this particular bottle of Domaine de la RIVERFRONT LOCATION
ARRIVE IN STYLE WITH YOUR YACHT AND DOCK DIRECTLY AT THE RESTAURANT.
Quilla Muscadet Sevre & Maine, was crisp and mineral in taste. It complemented the Octopus a la Plancha with fresh lemon zest beautifully and we may have taken note to add to our wine collection at a later date. Not an expensive wine, it is the perfect white for a sunny summer’s day (even if the rain is falling). Mains came in form of the Chil-
SEASPICE
ean Sea Bass, Lobster Risotto, and Braised Short Rib Pappardelle. Our
as delicious as one would expect (or
home. We utterly enjoyed the sum-
palate had been craving pasta with
rather, hope for). The wine pairings
mery air underneath a thundering
meat for a while, and the pappardelle
were absolutely impeccable, but the
and pouring sky and could only
delivered seamlessly. Creamy and
real gem at Seaspice is its location
imagine the level of enjoyment
a wide variety of dishes, starting
meaty it was a wholesome finish to
and ambiance.
guests encounter when Miami’s
with the Coconut Salmon Ceviche,
an already perfect meal.
true mastery in cocktail making. As for the food, we sampled
which was light and refreshing
Our sweet tooth was aided with
Well-known for its Sunday brunches and flashy crowd, the
sunshine rules. Needless to say, we will be back
while still bringing full circle the
five mini beignets (or donuts) filled
restaurant managed to create ample
to sample that carefree temperament
rich flavors of coconut and cilantro.
with passionfruit cream.
ambiance on a day during which
next time!
The menu, while varied, changes
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Seaspice plated multiple dishes
most diners would probably stay
Muchas Gracias.
AROUND TOWN 9FI5TH EXPLORES the best things to buy, wear, and sip on this summer, so go on..treat yourself !
MIAMI SEASPICE
EAST COAST SUMMER 2016
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Love WE
WEMPE
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9FI5TH.COM
NEWLY REFURBISHED SHOWROOM
W E M P E ’ S N E W LY E X PA N D E D S H OW R O O M PROMISES MORE THAN ADDITIONAL B R OW S I N G S PAC E , I T G UA RA N T E E S A P E R S O N A L I Z E D C U STO M E R E X P E R I E N C E F U L L O F P O S I T I V E E M OT I O N S .
in hand, such as “don’t judge a book by its cover,” it’s easy to see why new customers keep walking through the door and longtime customers keep coming back. “If we had a dress code, we wouldn�t sell anything in summer,” Albers joked over a glass of champagne in the back of their
opposite page
Ring Flamenco by Kim $26,675
Ahead of their freshly redesigned showroom
current Fifth Avenue showroom.
opening later this summer, we
Manhattan, customers can leave
sat down with Wempe President
the world behind for an hour or
Ruediger Albers to talk master
so to try on beautiful jewelry and
watchmaking and the customer
exquisite watches with Wempe’s
experience. With simple mantras
team of knowledgeable sales
Escaping the heat of July in
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Paradise by Kim Ring $11,675
“WE HAVE A CONCIERGE TYPE OF SERVICE. IT'S TRULY PERSONALIZED.” - RUEDIGER ALBERS professionals who all have been carefully selected by Albers himself over the last 25 years. “I don’t want a super star, I want people with strong product
9FI5TH.COM
“We invite customers to browse and discover the many different options in the store.” With their signature red carpet,
knowledge, personal warmth cou-
Wempe does more than sell pieces
pled with a team player mentality
of art for your wrist. They create
and a good sense of humor,” said
a brand experience for not only
Albers. “We have a concierge type
Wempe, but for the brands they
of service. It’s truly personalized
represent. Albers tells the story
and we like to turn every visit into
of a customer for whom they
a memorable experience.
arranged a visit to the Lange &
Although nobody truly needs a
86
aficionados or aspirational buyers.
Söhne manufacturer in Ger-
Patek Philippe or a Rolex, it’s no
many. After being picked up in a
question that the desire is there.
limousine from the airport, he was
Wempe acknowledges and succeeds
guided through the manufactory
in understanding that about their
where he learned just how much
customers. Whether they are watch
skill and precision went into each
Chain of Cultured Pearls $3,385
Dreamdancer by Kim $8,825
watch. “I am surprised they aren’t more expensive!” was his takeaway from
father’s bench and learned the
the experience.
craft from scratch. Once you had
“We try to find out what it is that you already own to help you decide on
the privilege of working on a Ro-
just the perfect addition to your collection or the watch to start one.” said
lex, you can’t help but appreciate
Albers. “Some clients come in wanting something really specific, others
the level of engineering. They are
don’t. I am not one for stereotypes.”
built to hold up in the toughest of
Doubling in size, Wempe’s expanded showroom will boast 20 worldrenowned luxury watch brands flanked by two brand boutiques - Patek
conditions and yet look great in
WEMPE'S REFURBISHED SHOWROOM WILL DOUBLE IN SIZE AND OPEN LATE JULY.
the boardroom.”
Philippe and Rolex, so that clients can properly experience the brands with
After almost 30 years at Wempe, Albers takes pride in the company and
enough elbow room. With experienced staff and on-site master watchmak-
industry to which he has devoted his life. Approaching their 140th anniversary,
ers, Wempe is the place to frequent whether you’re a first time buyer or
Wempe is one of Germany’s oldest family-owned companies. Starting as just a
need a quick repair.
single man enterprise, it now has over 700 members of staff, over 30 branches,
So, what is it that makes Albers tick? Among other things, it’s a “little” brand called Rolex. “I am a master watchmaker myself,” Albers said. “I grew up under my
and family of happy watch owners who have a brand they can trust. Needless to say, they will be happy to welcome you to the family for your next purchase or simple Sunday afternoon browse.
EAST COAST SUMMER 2016
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ALL S UMMER L ONG READY FOR DINNER?
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CARBONE
NEW YORK ITALIAN RESTAURANT CARBONE KNOWS HOW TO CAPTURE YOUR HEART IN THE HOT HEAT OF SUMMER.
Summer in Manhattan can be either your best friend or your worst enemy. The sun shines strong belting heat on your shoulders, the streets are burning, and the thick air weighs down on you like a wet robe draped across your back. People are out enjoying life, and the city’s energy is alive with the attraction of the night ahead. If you can see New York for what it really is, you appreciate its beauty. It’s a “wabi-sabi” attitude that makes New York great. And if, amid all this love for the city, you’ve worked up an appetite and thirst for quality food and drink, head to the little Italian oasis that is Carbone on Thompson Street. With a dimly glowing neon sign, Carbone is a refreshing destination to refuel before heading back out into New York’s limitless summer nights. Here, the wine flows and the food leaves no pants unbuttoned. Its authenticity shows
ITALIAN DELICACIES
EAST COAST SUMMER 2016
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INTIMATE SEATING
Better than your nonna’s meatballs
Veal Parmesan we tasted to date just don’t tell my nonna from Napoli that I said so. The meatballs were so flavorful, they could have settled arguments or stopped break-ups, as we may or may not have witnessed between the couple sat next to us. Carbone’s atmosphere allows you to loosen your shoulders and enjoy what’s in front of you. Rarely do you
some well-prepared Italian-Amer-
see a phone out here. And hey, don’t
ican cuisine. Mastering simple yet
be alarmed if you hear a, “that looks
flavorful dishes, each ingredient sings
good, what is that?” or “What are
loudly in its own right but also works
you drinking tonight?” from the table
in harmony.
next to you. Yet, the main star of the
Starting with a selection of Baked
night’s show was a four ingredient
Clams, Octopus Pizzaiolo, and
dish you will never forget. Trust us
in being the only restaurant in Man-
restaurant where Michael Corleone
Scampi alla Scampi, the quality of
when we say the Spicy Rigatoni
hattan to serve Fiadoni, and with a
shot the cop - and you have a pretty
the night’s dining experience made
Vodka is like no other. Using cream,
functioning method to the madness,
good recipe for an Italian American
itself known in both preparation and
tomatoes, garlic, and chilis from
Carbone impressed us in more ways
restaurant!” Coben said.
taste. Tender and cooked exception-
Calabria, Carbone creates a dish you
ally, each bite seemed to disappear
won’t find anywhere else or be able
the back room, each group was per-
into the perfectly paired wine and
to replicate at home.
Carbone’s interiors, drew inspira-
fectly seated across the area, tucked
conversation. Behind the scenes,
tion from the golden age of glamor
away in romantic nooks and grouped
waiters, hosts, and other staff grace-
bananas prepared wistfully right in
in the 1950’s when putting setting
together around family style tables.
fully rushed around in an orches-
front of you and next time someone
the scene. Imagine Joe DiMaggio
The chatter was high, the glasses
trated frenzy, lending a helping hand
asks you if you’ve been to or heard
dining with Marilyn Monroe at
were clinking, and you felt right at
wherever needed. Moving onto our
about Carbone, do yourself a favor
Stork Club. “Mash that up with a
home amongst everyone around you.
main course, our love of seafood was
and book a table for you and your
little bit of The Godfather - Mario’s
All were there for the comfort of
soon forgotten by the most delicious
loved one. We’ll see you there.
than one. Glen Coben, mastermind behind
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Walking from front of house to
Be sure to try the flaming
AROUND TOWN
WAT C H
T H I S
D O N ’T M I S S YO U R O P P O RT U N I T Y TO V I S I T T H E B A S E L & G E N E VA WATC H E X H I B I T I O N AT 15 5 R E G E N T S T R E E T Mid March each year sees the buying team of Watches of Switzerland smiling with anticipation at the thought of another “BaselWorld” – the biggest and best watch, jewellery and gift exhibition in the world. Since 1973 this has been the key industry event showcasing the latest trends and newest creations from our most important suppliers and brand partners. There are over 1,700 exhibitors welcoming at least 150,000 visitors from across the world for an 8 day product extravaganza that never fails to inspire, dazzle and amaze those of us lucky enough to attend. In a relatively steady trading environment the key themes from the product offers were not as bold or extravagant as we’ve seen in years gone by... but there were some outstanding products nonetheless.
ROLEX
ROLEX
Air King
Cosmograph Daytona
ROLEX, INTRODUCING A CERAMIC BEZEL TO THE STEEL DAYTONA, sparked a huge amount of interest and was probably the most significant watch at the Fair from a publicity perspective. Another favourite from Rolex however was the Air-King. The golden crown and green lettering add colour and
HUBLOT
really lift the black dial and at just over £4,000 it’s an
Classis Fusion Berluti
absolute winner.
WATCHES OF SWITZERLAND ARE THE ONLY UK RETAILER TO DO AN EXCLUSIVE UK PREVIEW OF NEW COLLECTIONS FROM BASELWORLD. 92
9FI5TH.COM
THERE WAS SOME INTERESTING USE OF MATERIALS from some of the Specialist brands with Hublot playing a significant role. They have produced a Big Bang with a transparent sapphire crystal case so you can see the beauty of the UNICO movement inside – all for £43,600. Hublot also collaborated with renowned Parisian shoemaker Berluti to produce a Classic Fusion watch with an embossed Venizia leather dial as well as strap. It’s a watch industry first and for £11,000 you get a limited edition watch in box that includes a complete leather care kit for your shoes!
HUBLOT Big Bang Unico Sapphire
TUDOR Heritage TUDOR PRODUCED A SHOW STOPPING BRONZE cased 43mm Black Bay on a distressed leather strap. Bronze might well be the perfect material for a divers watch as it’s used for deep sea divers helmets and ships propellers, but
OMEGA Speedmaster Limited Edition
Watches of Switzer-
RADO
land feel it just made
True Thinline Skeleton
simply one of the cool-
OMEGA MAINTAINED ITS LINKS WITH OUTER SPACE with the limited edition
est watches ever, all
CK2998 Speedmaster, featuring a beautiful deep blue strap, bezel and sub dials.
AS IS NOW TRADITION with Watches
for under £3,000.
of Switzerland, we SKELETON WATCHES CONTINUE
will be hosting an
ON THE BACK OF A
TO GROW IN TREND WITH CLAS-
in store Exhibition
FANTASTIC 2015 there
SIC WATCHES. Rado and Oris were a
within our flagship
were more impressive
couple of the best examples of pared-
Regent Street show-
pieces from TAG Heuer
down watchmaking. Rado’s modern yet
room from Thursday
– a titanium bracelet
technically advanced model caters for
28th – Sunday 31st
for the amazing “Con-
a different client to the more traditional
July, showcasing a
nected Watch” and
Artix from Oris that will sell for just
number of the models
aluminium bezels on the
under £1,700 – but both are equally
discussed and many
41mm Aquaracers keep
ORIS
compelling and fascinating to gaze
more from this year’s
the price point to an
Artix Skeleton
into the miniature mechanical marvel
Baselworld and SIHH
that is a watch movement.
watch fairs.
affordable £1,200.
THE BASEL & GENEVA WATCH EVENT Is an exclusive UK preview and Watches of Switzerland are the ONLY UK retailer to do this – the idea was ‘born’ here and is unique to us and the market place. Don’t miss your opportunity to view this unique collection.
EAST COAST SUMMER 2016
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PLAYING THROUGH THE WORK OUT REDBIKE STUDIOS
REDBIKE'S STUDIO SPINS OUT A FRESH TA K E O N INDOOR CYCLING.
People don’t normally associate partying with burning calories, but, then again, there is nothing normal about RedBike, Miami’s latest take on cycling where founder Albert Ghitis has blended everything you love about the SoulCycle and Flywheel names and served up a studio with a unique Miami flavor. Spinning away in a bank-turned-cycling club among the iconic skyscrapers of the Magic City’s bustling Brickell neighborhood, you’ll find yourself unable to avoid spinning away the stresses and troubles of modern life to the beats of heart-throbbing music featuring spicy South Florida rhythms.
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INSTRUCTORS TO KEEP YOU GOING
STATE-OF-THE ART CYCLING
NOT SURE IF YOU’RE THE CYCLING TYPE? TRY REDBIKE FOR FREE AND SEE HOW YOU DO. FIRST RIDE’S ON THEM!
REDBIKE FOUNDER, ALBERT GHITIS
One of the first things Ghitis told us about the RedBike experience is that it offers, “something different from the forms of 'sustained discomfort' associated with traditional forms of exercise. You don't even realize it is a workout but, before you know it and eight hundred calories later, you are done.” After an ambition to open a restaurant/wine bar in the dog-eat-dog world that is the New York market, his spinning enthusiast sister encouraged him to find a new and dynamic way to stay in
REDBIKE
EAST COAST SUMMER 2016
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shape, so he scoped out the best cycling studios in Manhattan to develop the no-fluff Miami routine that eats up calories, revs-up your metabolism, changes the way you eat, and delivers results from
Keep those calories burning with healthy after-workout drinks and eats right in the studio.
the first day. Partnering with RedBoost, a health conscious cafe in the Brickell location offering nutritional consultation services, a full array of cold-pressed juices, smoothies, and raw
FEELING THE BEAT
organic food, RedBike has upped the ante and created a 360° approach to fitness. If you're like us and find yourself spinning your wheels trying to understand the nuances of SoulCycle, Flywheel, and traditional spinning and how RedBike separates itself from these fads, Ghitis shed some light on them and told us how his studio isn’t just reinventing the wheel. “Spinning takes the outdoors and brings it inside. You are just riding a bike for one hour. Flywheel follows the same basic structure of spinning but incorporates technology to make it more competitive by projecting everyone’s
HATE SPINNING YOUR OWN TUNES? REDBIKE’S INNOVATIVE PARTY ATMOSPHERE, WILL SOON HAVE YOU WORKING OUT INSTEAD OF GOING OUT.
THE ULTIMATE ATMOSPHERE
score on a board in front of the group. Soul-
takes the SoulCycle experi-
ourselves, we understood
Cycle takes spinning and
ence and enhances it to
why. With a free workout
makes it rhythm based
include arms, abs, and
for first timers, the team at
and also incorporates
everything else so that it
RedBike know that you'll
upper body exercises
becomes the only workout
be back for the exhilarat-
on the handlebars like
you really need.” After we
ing experience that goes
elbow dips. RedBike
took his routine for a spin
beyond a workout.
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WINE NOT? 9 F I 5T H S I TS DOWN W I T H D A VID E L S W O O D, C H R I S T I E ’S WINE SPE C I A L I ST
own judgement. Long-term collectors mostly need no wine advice but we are always pleased to talk with clients about their collections as many have enough wine for many lifetimes of drinking! 9fi5th: How have online auctions affected wine collectors? David Elswood: It’s just a new version of the classic live auction but now everybody can participate – not just those who can attend in person. This complementary platform has been very well received and our frequent digital sales welcome buyers from across the
9fi5th: Tell us a bit about your
globe, offering great opportunities
background…
to acquire fantastic wines.
David Elswood: I entered the wine
DAVID ELSWOOD
trade in 1979 and started working
9fi5th: Has the experience of
for Christie’s as a Specialist in 1985.
visiting vineyards and tasting
9fi5th: Any wineries to
9fi5th: Which are the wines to
I am now a Senior Board Director,
collections for yourself been
recommend?
try this summer?
Principal Auctioneer and Interna-
lost if collectors only
David Elswood: Whichever
David Elswood: Loire reds and
tional Head of Wine for Christie’s,
buy online?
is great quality or great value –
Cru Beaujolais served cool, and
the world’s leading art business.
David Elswood: Not really. Inter-
or both!
English sparklers of course.
net buyers and sellers are much the 9fi5th: Do you remember your
same as ‛traditional’ bidders and they
9fi5th: What is your current
9fi5th: Walk us through how
first glass of wine?
still enjoy visiting vineyards and tast-
wine of choice?
you help clients pick and
David Elswood: No, but it was
ing the wines that they are interested
David Elswood: Alongside the
choose wine... what to look for,
probably a glass of Mateus Rose or
in collecting.
classics, I would add lots of young
what to avoid…
Spanish reds and German Rieslings
David Elswood: We are happy
for variety.
to advise on great wines, after all
Hock as a special treat over a family Sunday lunch!
9fi5th: What makes a great wine?
this is our passion. However, most
9fi5th: How has your apprecia-
David Elswood: A great vintage,
9fi5th: What wine would you
of our clients already have a pretty
tion of wine developed and re-
great storage, and most vitally, a
bring to a dinner party if
good idea of what they like. It’s
fined over the course of your life
beautiful moment to enjoy it in the
they were cooking red meat?
always wise to check on the storage
and career working at Christie’s?
company of others.
Seafood?
history and provenance of expen-
David Elswood: Maybe a Ma-
sive wines you buy, and to taste
David Elswood: My early years were spent under the guidance of
9fi5th: How does wine differ
teus rosé for old times’ sake! More
new wines and new grape varieties
Michael Broadbent, who is widely
from region to region?
likely an impressive Bordeaux First
whenever the chance comes along -
recognised as the most knowledge-
David Elswood: It’s mainly due
Growth for meat, and a Grand Cru
variety is the spice of life.
able and experienced expert on rare
to climate and grape variety, but
White Burgundy for fish – or per-
wines, so I have been very lucky in
these days, origins of many wines are
haps the other way around. Don’t
Cheers!
that respect. And, of course, I’ve
becoming more difficult to deter-
stick to the old rules too much.
David Elswood
been fortunate to have access to the
mine as techniques of wine making
world’s greatest and rarest wines
travel globally.
through working at Christie’s. 9fi5th: Are there any particular 9fi5th: What is some advice you
regions that are becoming
would give to someone starting
more popular?
a wine collection? What about
David Elswood: That’s hard to
someone who has been collect-
pinpoint. The big one from a UK
ing for a long time?
perspective would be English spar-
David Elswood: My advice to
kling wines, which are impressive
new collectors would be to taste
and still improving. Real competi-
everything and learn to rely on your
tion for Champagne!
CHRISTIE’S
“My advice to new collectors would be to taste everything.” EAST COAST SUMMER 2016
97
PILLOW TALK PILLOW TALK
WHEN TRAVELING THIS SUMMER, who better to trust than 9fi5th to ямБnd the most luxurious and exclusive hotels for your perfect holiday abroad.
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HOTEL VILLA MARIA
Close enough to Buckingham Palace to call the Queen a neighbour, yet tucked away enough to avoid the crowds, the hotel is perfectly positioned for exploring the city, and just stone’s throw from leafy Hyde Park. It’s the perfect base for beautiful urban strolls, cultural excursions to The Serpentine and the Saatchi gallery, as well as wallet pounding trips to Knightsbridge or the King’s Road. Look around the building and you can’t miss the many references to The Goring’s history. Built in 1910 by Otto Goring, the hotel has been passed through four generations and is currently under the watchful eye of Jeremy Goring. From the abun-
ANTIQUE PERFECTION
dance of sheep in every room to the inclusion of family photographs in many of the suites, the Goring offers many unique touches that lend a sense of personality so seldom seen in chain-run hotels. It’s associations with the Royal Family are also legendary, which has seen The Goring awarded the only royal warrant given to a London hotel in its entirety, back 2013. Currently at the tail-end of an on-going refurbishment that began in 2010, the hotel, despite referencing the past, has its eyes firmly on the future. A group consisting of four quintessentially British interior designers were employed to undertake the project, each focusing on specific areas and a variety of different rooms. The brief ? To ensure ‘Britishness’ remains the inspiration of their designs, executed with aplomb. We love the endless original antiques (many with noble heritage), as well as super-lux touches such as the hand-woven Gainsborough Silks that adorn the dining room walls. This fabulous space has been designed by David Linley
THE
GORING A BLUE-BLOODED BRITISH DREAM
– Princess Margaret’s son – and houses The GorLONDON’S ORIGINAL BOUTIQUE HO-
ing’s Michelin-starred restaurant. With cuisine that
TEL, The Goring, oozes history and character.
mirrors The Goring’s impeccable style, the dining
The capital’s only five-star hotel still owned and run
experience here is another successful example of
by the same family, this bastion of all things British
traditional British hospitality, fused with contem-
is renowned for its elegant, independent style, per-
porary accents and executed exquisitely. Executive
sonalised service, and, of course, as the place Kate
Chef Shay Cooper turns out dreamy dishes, made
Middleton spent her last night as a commoner.
with local and seasonal produce where possible,
Intrigued by all things stately and luxurious – as
such as Telmara Farm duck, with braised duck bun,
well as the royal reputation – we decided to check in
glazed heritage carrots, and chocolate porter, and a
to this Belgravia gem, and find out just what makes
mysterious signature dish known as Eggs Drumkilbo
The Goring so special.
(we don’t want to spoil the surprise). As you would expect, the wine list is extensive and the cocktails are expertly designed, in the vein of twisted classics. The staff throughout is a delight, providing excellent service with character and warmth, and making the experience of The Goring a memorable one. It’s longstanding status as a family-run hotel is joyfully present in all aspects, which, when combined with more than 100 years of experience and a perfectly
BRITISH HOSPITALITY
balanced atmosphere of past and future, makes for a unique stay.
EAST COAST SUMMER 2016
99
PILLOW TALK
SUNNY SUITES
HOTEL SUITE VILLA MARIA
EVERY ONCE IN A WHILE,
and even more in the
even those who love
la Maria is one of their
London as much as we
newest completed de-
do need a little time
velopments. Designed
out. Just a short flight
by architect, Antonio
away from our beloved
del Pozo, known for
capital lies the island
employing twists on
of Tenerife. This land
Canarian culture in
of eternal sunshine has
his designs, the project
come a long way in the
has been established
past few decades and is
pipeline, the Hotel Vil-
SERENITY
now home to some of the most elegant get-
for four years and is already ranked as one of the best in Tenerife.
aways in Europe. It is here, in the midst of coastal
The concept of the hotel is quite unlike any
volcanic formations and varied natural beauty, we
other seen on the island. Sprawled over an area of
ďŹ nd the Hotel Suite Villa Maria, brought to the is-
just more than 31,000 m² it consists of 78 individual
TENERIFE
land by San Eugenio SA.
villas, each one unique in design and all embracing
A HAVEN OF ISLAND SERENITY
100
9FI5TH.COM
Established in the 70s, San Eugenio SA, a family-
different architectural eras of Canarian Heritage.
run business, has been responsible for much of the
Ranging from the traditional rural design of Canar-
development of the tourist industry in the South of
ian noblemen to more modern styles influenced by
Tenerife. With many developments under their belt
European immigration to the islands, each beauti-
ful villa is fitted with its own kitchen and many with private pools or jacuzzis. With villas that accommodate up to six people, the development is perfect for all occasions, be it a quiet and relaxing break or a private retreat for friends and families. “We wanted guests to have the flexibility
to
determine
what they wanted from their stay here.” explains Bernardo Castro Dominguez, the son of one of the cofounders of San Eugenio SA, “The privacy of the villas creates a home from home and encourages people to
relax
completely
throughout their time with us.” As well as accommodating the requirements for keen home chefs
with
private
TAKE A DIP!
kitchens within all the villas, the hotel boasts
BRUSH UP YOUR GOLF SWING AT GOLF COSTA ADEJE
two restaurants and a sophisticated bar complete with it’s own specialist Gin selection. Guests can sample Gins produced in the Canary Islands, as well as international brands, while listening to live Spanish guitar within the typical Canarian Plaza at the entrance to the hotel. The La Torre Restaurant, the centre point of the Villa Maria’s gastronomy, is overseen by head chef, David Moraga, renown throughout the seven islands for his
will be in their element, with close access to the Costa Adeje golf course, an exemplary range that has been used for many international tournaments. The hotel has its own golf buggies for guests as well as special rates and guar-
exquisite take on typical cuisine. Seen in both the
anteed tee-times. There
breakfast and the evening dining, it is a chance
is also the added bonus of the T3 sports complex
to truly understand the culinary delights of the
opposite the lobby of the hotel, used by Olympic
islands with examples of local produce in all of
athletes in the winter months, and open to guests
the dishes. The pool bar and restaurant also has
on a daily basis.
an equally high standard, providing lighter meals
Providing the best of island living with ease
and cocktails which are perfect for a day spent
and class, Hotel Suite Villa Maria is sure to
relaxing next to the hotel’s multi-level swimming
FRESHEN UP
impress even the most seasoned of travellers. Drinking in the view from one of the stunning
pool lagoons. Located in the newly regenerated area of Costa
rise, heavy set, building developments usually associ-
terraces, aperitif in hand, makes the rush of city
Adeje, the hotel prides itself on its sweeping land-
ated with the south. The nearby fishing village of La
life seem like a distant memory. As the sun sets
scape vistas. Built next to the golf course, Costa Ad-
Caleta boasts large, quiet beaches as well as beauti-
into the horizon, we wonder how on earth we
eje, guests can enjoy views unobstructed by the high
ful coastal walks in glorious unspoilt areas. Golfers
could ever leave.
EAST COAST SUMMER 2016
101
OFF THE WALL WHETHER YOU ARE A FIRST TIME BUYER or experienced collector, take some advice from the experts on curating your own art collection this summer.
102
9FI5TH.COM
PHILIP MOULD & COMPANY
PHILIP MOULD GALLERY
THREE LEVELS OF FACES 9fi5th speaks to Philip Mould, the vision behind his eponymous Pall Mall gallery
After 35 years in the industry, Philip Mould’s expertise in British portraiture is rivaled by very few. An avid collector of 18th century shoe buckles in his teens, his love for antique objects encouraged him to learn how to read hallmarks in order to expand his collection. “Art was the next step. After a time, I found buckles and silver objects a bit limiting. I like the more capacious emotional content of art,” says Mould. The three-storey gallery on Pall Mall, full of portraiture by many leading British and European artists of the past five centuries, is an elegant hub of curation and restoration, filled with old paintings sent in from all over the world. “We have scores of things coming through the post and we have a team on site that is constantly working on whether we should take each piece forward,”
PHILIP MOULD
Mould notes. “We are forever sorting, grading and making decisions, and I am very lucky to work in a business that I adore.”
things that I’ve learned is that if it
Initially starting with a fascination for the romantic period of the 18th
looks to good to be true, it probably
century, like many of the artists themselves, Mould’s personal interest in specific
is. It’s really important to research
eras has gone through phases. After going through the 18th, 17th, and then
the offer and not take things at face
16th century periods, he has more recently found a fondness for early 20th
value,” said Mould. “If it is a really
century artists. “Britain produced some stunning artists and portraitists in the
good painting, it will get better with
first 50 years of the 20th century, combining its own figurative tradition with
time. Whereas, inferior work soon
stimulating new ideas.”
starts to irritate.”
Mould’s focus on portraiture grew organically. “A portrait is a type of
Although a great believer in never
engagement — it’s about two individuals (the model and the artist), both with
holding on to a piece forever, Mould
their own ideas, their own desires for being recorded in a particular way.” And
reminds that the viewer should al-
it is this engagement that is one of the driving forces behind Mould’s passion
ways engage with a piece in order for
for art dealership. “Art is more interesting when there is a dimension to which
it to be a worthwhile purchase.
you can respond. What unfailingly seems to engender a response is the record
“Don’t go into art just to make
of another person’s features. Portraits can combine fashion, psychology, drama,
money; you have to buy with your
and pathos, to transform an interior.”
heart. Having said that, the more
Yet, a major problem with art dealership in today’s world is forgery. Al-
time you are prepared to put in to
though always a risk, many dealers now buy pieces using online auctions, and
researching your subject of intent,
have had to develop skills in valuing paintings through the screen. “One of the
the greater the reward.”
EAST COAST SUMMER 2016
103
© Christie’s Images Limited 2016
OFF THE WALL
AMEDEO MODIGLIANI
Hanka Zborowska
Estimate: £5,000,000-7,000,000
Impressionist and Modern Art Sale Christie’s London, King Street 23 June 2016 Picasso Ceramics Online Sale 18-28 Jun 2016
In this, Christie’s 250th anniversary year, I am extremely proud to work for the world’s leading art business, a place that speaks
Record breaking headlines aside
work of genius by Picasso for under £10,000, such as the playful and
fascinating and beautiful works
dynamic Chouette (Owl), 1969,
offered at Christie’s is simply breath-
from the Arthur and Anita Kahn
taking and provides huge scope for
collection, 198 from an edition of
of quality, integrity, scholarship,
new collectors and enthusiasts, as
350. This joyous ceramic will be
continuity and beauty. As head of
well as more established collectors
offered in our online auction of
the Impressionist and Modern Art
and institutions. In my field alone,
Picasso Ceramics in June with an
department in London I feel a great
Christie’s offers several thousand lots
estimate of £6,000-8,000. Our last
responsibility to the continuing his-
every year across our salerooms in
online auction of Picasso ceramics,
tory of selling the greatest nine-
London, New York, Paris, Amster-
which ran alongside the November
teenth and twentieth century works
dam, Milan and, more recently,
New York auctions, was 100% sold,
of art, from Edgar Degas’s L’Absinthe,
Hong Kong and Shanghai. Starting
demonstrating the popularity of
1875-1876 - the first Impressionist
at pre-sale estimates of just a few
these playful works, that portray
picture sold at Christie’s, bought
hundred pounds, we offer oils, works
some of Picasso’s most celebrated
in 1895 for £189 and now in the
on paper, sculptures, ceramics, reliefs
imagery. The online auction in
Musée d’Orsay, Paris - to Pablo Pi-
and tapestries by the greatest artists
June will be exhibited alongside our
casso’s Les femmes d’Alger, 1955, which
of the modern era, from Monet
Impressionist and Modern Art sale
became the most expensive painting
to Picasso, Van Gogh to Matisse,
at our South Kensington saleroom
ever sold at auction when it achieved
Cézanne to Mirò.
and will include over 80 works to
last May.
9FI5TH.COM
Jay Vincze, International Director and Head of the Impressionist & Modern Art Department, Christie’s London:
however, the range of inspiring,
$180,000,000 at a sale in New York
104
QUALITY, INTEGRITY, AND BEAUTY
Most people are shocked to discover that one can acquire a
choose from, with estimates from as little as £800.
PIERRE-AUGUSTE RENOIR
Rochers de l’Estaque, 1882 Oil on canvas Estimate: £300,000-500,000
Works on paper often present exciting opportunities to acquire sketches and preparatory works of supreme quality by iconic artists from the low thousands of pounds to several hundred thousand pounds; there is often a freshness and spontaneity in these works that beguiles the eye like no other medium. This is exemplified by Fernand Léger’s pow© Christie’s Images Limited 2016
erfully executed India ink drawing of Nadia, to be offered in our June sales of Impressionist and Modern Art at King Street in London (estimate: £120,000-180,000). Another upcoming highlight by one of the greats of the period is Pierre-Auguste Renoir’s exquisite 1882 oil of Rochers de mate of £300,000-500,000. One of my favourite highlights of the season will be Amedeo Modigliani’s wonderfully subtle but engaging portrait of Hanka Zborowska, the wife of his dealer, offered with an estimate of £5,000,000-7,000,000. This comes hot on the heels of another headline grabbing moment in the art market, when Modigliani’s iconic Nu couché sold for $170,000,000 at Christie’s New York last November. In addition to Christie’s auctions of Impressionist and Modern Art, we also offer our clients the opportunity to buy and sell privately throughout the year, either through selling exhibitions (which took place last year
MOST PEOPLE ARE SHOCKED TO DISCOVER THAT ONE CAN ACQUIRE A WORK OF GENIUS BY PICASSO FOR UNDER £10,000, SUCH AS THE PLAYFUL AND DYNAMIC CHOUETTE (OWL).” -JAY VINCZE
discovery, the satisfaction of owning something extraordinary, something that will endure longer than oneself. Collecting is compelling, addictive, consuming. For the collector there is no greater pleasure than seeing – creating tableaux and sightlines, exploring connections, discovering influences and imagining conversations through history. I am often asked “what should I buy?” For me there is no simple or single answer. Buy what you © Christie’s Images Limited 2016
l’Estaque, which carries a pre-sale esti-
love, what inspires you, what moves you. My top tips would be these: see as much art as
in London, Paris, New York, Hong
as a collector. The enduring power,
you can, visit public collections,
Kong and Moscow) or via discreet
beauty and importance of the art
exhibitions, galleries, art fairs and
transactions. Our highly professional
transcends time to sit effortlessly
auction houses. Christie’s exhibi-
team’s longstanding relationships
within both contemporary and more
tions are always free and open to the
with international institutions led to
modern interiors. I have seen Matisse
public, and often packed with world-
the sales last year of Edgar Degas’s
sitting above eighteenth century
class works. Buy the best quality you
Jockeys to the Ny Carlsberg Glyptotek
boulle furniture, Renoir hanging with
can, at any price level. Be condition
in Copenhagen and Edouard Vuil-
Rembrandt, Picasso next to the tribal
conscious, but not obsessed. Ask
lard’s Tristan Bernard conférencier to the
masks that so inspired him. Whether
questions of everyone and don’t be
Collecting is the most interesting
Musée d’Orsay in Paris.
you are buying – or thinking of start-
afraid of not knowing; the joy of
journey you will ever take, with no
ing to buy – in many different areas
art is that you never stop learning,
clearly defined destination. And once
is a dynamic and vibrant world to
or focussing on one period or style, it
seeing new things or being shown
you start on this journey, you will
be involved in, be it professionally or
is the hunt that excites, the thrill of
new ways of seeing familiar things.
never want to stop.
The twentieth century art market
PICASSO Chaoutte (Owl)
From the Arthur and Anita Kahn Collection 198 from the edition of 350 Estimate: £6,000-8,000
EAST COAST SUMMER 2016
105
BEYOND
BEYOND TRAVEL IS ONE OF the loveliest ways to spend your time in this world. We like to experience different climates and cultures whenever we get the chance to do so, and provide you with a selection of destinations we’ve covered. Let your mind (and body) wander.
106
9FI5TH.COM
BEAUTIFUL ARIZONA
GREAT SCOTTSDALE
IT’S KNOWN AS THE “MIAMI OF THE WEST,” BUT THE CITY OF SCOTTSDALE, ARIZONA, HAS AN IDENTITY ALL ITS OWN. OLIVIA PALAMOUNTAIN REPORTS. EAST COAST SUMMER 2016
107
BEYOND
A
s one of the fastest-growing cities in the nation, it’s no secret that Phoenix is a fabulous place to be. Easily accessible from hotspots such as LA and Las Vegas, the Arizona state
ARIZONA’S NATIVE AMERICAN ROOTS ARE EVIDENT
capital is traffic light and sunshine heavy, enjoying a record 211 beautiful days a year, and a winter that
Arizona may be one of
will never require an overcoat. But
America’s youngest states, but
this sprawling metropolis of more
Native Americans inhabited
than one million people spread over
this land thousands of years ago.
1,330 km 2 is actually a series of
In an early feat of engineering,
individual cities, each with unique
at around 1AD, the Hohokam
character and identity. Scottsdale,
people brought regular water in-
in the northeast of Phoenix, is one
land through a series of ingenious
of our favorites.
canals, the original pathways of
Referred to as the “Miami of the West,” Scottsdale is a wealthy destination town, and an in-demand
which are used to feed the community to this day. Scottsdale residents know how
location for much of Arizona’s
to live the good life, and there’s
second home market, thanks to its
plenty to get excited about in this
upscale restaurants, chic shopping,
town, especially the gorgeous real
and endless spas. In fact, Scottsdale
estate. After meeting with some of
lays claim to the title “Spa Capital
Scottsdale’s top agents, it’s clear
of the U.S.,” a badge of honor that
that the luxury property market is
relies as much on the number of
booming, with new developments
spas in the areas, as on the quality
joining existing sales, year on year.
and diversity of treatments offered,
A coup for the area, and one of
many inspired the area’s rich native
the biggest new additions to the
American heritage.
scene, will be Five Star Develop-
108
9FI5TH.COM
SCOTTSDALE LAYS CLAIM TO THE TITLE “SPA CAPITAL OF THE U.S.,” A BADGE OF HONOR THAT RELIES AS MUCH ON THE NUMBER OF SPAS IN THE AREAS, AS ON THE QUALITY AND DIVERSITY OF TREATMENTS OFFERED, MANY INSPIRED THE AREA’S RICH NATIVE AMERICAN HERITAGE.
EXPLORING NATURE EAST COAST SUMMER 2016
109
BEYOND
AND THE CITY
ment’s $2 billion Ritz-Carlton resort community in neighboring Paradise Valley. Also in the ether from the same developer, are plans for a 160,000-square-foot Scottsdale com-
BACK IN THE 1930S THE LATE, GREAT, ARCHITECT FRANK LLOYDWRIGHT BUILT A HOME, CAMPUS, AND HOMAGE TO ORGANIC ARCHITECTURE HERE. AN EXTRAORDINARY BUILDING, TALIESIN WEST IS CONSIDERED ONE OF THE FINEST EXAMPLES OF ITS TYPE, AND REMAINS ONE AMERICA’S MOST PROGRESSIVE ARCHITECTURE SCHOOLS.
plex –the Palmeraie – featuring bou-
MODERN LIFESTYLES JUXTAPOSED
tiques, restaurants, offices, high-end
and remains one America’s most
housing, and another hotel. Add the
progressive architecture schools.
new $65-million Mountain Shadows
Lloyd Wright established a dedicated
resort from Westroc into the mix
following, and attracted many talent-
(opening December 2016), and
ed students who went on to build in
Scottsdale’s reputation as an invest-
the area, alongside other famous ar-
ment location for now – and for the
chitects drawn to Scottsdale in its 50s
future seems set in stone.
heyday. There are many mid-century
One can hardly comment on the future of property in Scottsdale,
onwards to be enjoyed – both private
without a nod to its past. And, given
homes and public spaces – such as
the current vogue for all things mid-
the Hotel Valley Ho, Craftsman
century, no market chat would be
Court, the Triangle Building, and
complete without reference to Scott-
Scottsdale’s City Hall.
sdale’s architectural history. Back in
110
9FI5TH.COM
modern gems from this period and
With Scottsdale’s luxury renais-
the 1930s the late, great, architect
sance now well established, so too
Frank Lloyd-Wright built a home,
is the infrastructure. This is the
campus, and homage to organic
land of luxury car dealerships,
architecture here. An extraordinary
with everything from Maybach
building, Taliesin West is considered
and Ferrari, to Lamborghini, Lo-
one of the finest examples of its type,
tus, McLaren, and Aston Martin
ARIZONA MAY BE ONE OF AMERICA’S YOUNGEST STATES, BUT NATIVE AMERICANS OCCUPIED THIS LAND AS LONG AS 9,000 YEARS AGO. WITH NATURAL BEAUTY
represented. Not to mention other
over martinis, long after the sun
watching someone else get thrown
there are also masses of trails to
perks for petrol heads, such as
has set. The burgeoning restau-
off, and don’t leave without a pil-
explore on horseback, with genu-
the Barrett-Jackson Auto Show,
rant scene is impressive, and offers
grimage to Bryan’s Black Moun-
ine cowboy guides.
the Bullrun (a supercar rally
some great options for dining out,
tain BBQ , a finessed version of
from NYC to Scottsdale), and
from farm-to-table pioneer FnB,
classic BBQ fare, from a top local
bine grit and glamour like Scotts-
the Brighton Classic Car rally.
to gorgeous modern Latin eatery,
chef, featuring seasonal specials
dale, but under the Sonoran Desert
Country clubs abound, and local
The Mission. It’s easy to fall in
such as frogs legs and bison ribs.
sun, you really can have it all.
golf courses such as Boulders, are
love with the Buffalo Chip Saloon,
Hiking is spectacular (believe the
world-class, with a stunning club-
an authentic alfresco rodeo where
hype about Camelback, it’s really
For more information please visit
house that will have you lingering
you can sit on a bull – before
not for the feint-hearted), and
experiencescottsdale.com
Few destinations manage to com-
EAST COAST SUMMER 2016
111
NEW ADDITIONS
INDEX
NORTHEAST
NAME
PERIOD 2017
THE FITZROY
NORTHEAST
NAME
PERIOD Complete
NAVY GREEN TOWNHOUSES
PERKS
PERKS
PLACE
24-hour-attended lobby, La Palestra-
PLACE
Common green for residents,
West Chelsea, New York
designed fitness center and dry
Navy Yards, Brooklyn, New York
garden with patio, large laundry
sauna, wine cellar with secure wine
room, heated floors
PROPERTY
locker for each home, climate-
PROPERTY
14 Residences
controlled and fully customizable
23 Townhouses
storage room for each home, rooftop
PLANS
lounge with summer kitchen, chil-
PLANS
2,283 - 4,328 square feet
dren’s art studio, bicycle storage
2,800 - 3,100 square feet
PRICE
PAGE
PRICE
$5.2 million - $18 million+
20
$1.995 million - $2.2 million
PERIOD
NORTHEAST
NORTHEAST
NAME
Late 2017
550 VANDERBILT
PAGE 24
NAME
PERIOD Currently leasing
70 PINE
PERKS
PERKS
PLACE
24-hour concierge, doorman, library,
PLACE
17,000-square foot La Palestra fitness
Prospect Heights, New York
lounge, common roof deck, fitness
Financial District, New York
and wellness center, pilates and yoga
room, yoga studio, communal
studio, private massage and treatment
PROPERTY
garden, children’s playroom, private
PROPERTY
rooms, children’s playroom, game and
278 Residences
storage, ground-floor retail
612 Rental Residences
screening rooms, bowling alley, golf sim-
PLANS
PAGE
PLANS
top four floors, in-house adjacent Q&A
414 - 3,200 square feet
26
Studios - three-bedrooms
hotel, food market and coffeeshop
ulator, planned restaurant and lounge for
PRICE $527,850 - $7.715 million
112
9FI5TH.COM
PRICE
PAGE
$3,000 - $25,000 per month
30
NORTHEAST
NAME
PERIOD Occupancy:Fall 2016
212 FIFTH AVENUE
PLACE Madison Square Park/NoMad, New York
SOUTH FLORIDA
NAME 121 MARINA
PERKS 24-hour doorman/concierge,
Location within Ocean Reef Club®,
valet parking, the Wright Fit fit-
Ocean Reef Club®, Key Largo, FL
putting green, lap pool, fitness center, access to marina, spa, ten-
PROPERTY
room, children’s playroom,
PROPERTY
48 Residences; One penthouse
golf stimulator room, screen-
29 Residences
PLANS
and a lounge with a separate
PLANS
1,538 - 7,400 square feet
boardroom
2,540 - 4,270 square feet
PRICE
PAGE
PRICE
$4.2 million - $28 million
31
$4 million - $8 million
100 BARROW PLACE West Village, New York
PROPERTY 26 Residences
PLANS 1,600 - 3,900 square feet
PRICE $4.5 million - $14 million
PERIOD Fall 2017
PERKS 24-hour attended lobby, lobby-level common terrace, wine cellar with keyed wine storage closets, lounge, fitness center, sauna and steam room, catering kitchen, children’s playroom, bike room, pet spa
PAGE 72
nis and golf clubs
PAGE
ing room, catering kitchen,
NAME
PERKS
PLACE
ness center, private treatment
NORTHEAST
PERIOD Late 2017
34
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