9fi5th EAST COAST Summer 2016

Page 1

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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

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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.

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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.

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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.

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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

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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,

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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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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.

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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

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121 MARINA


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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.

40

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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

EAST COAST SUMMER 2016

41


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

9FI5TH.COM

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.

EAST COAST SUMMER 2016

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

46

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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

-

48

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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

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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

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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.

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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

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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

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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

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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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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

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TOOLS OF THE TRADE

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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

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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

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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

80

9FI5TH.COM

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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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

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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.

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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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9FI5TH.COM

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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AROUND TOWN

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

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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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LIGHTING | SHADES | ENTERTAINMENT | CLIMATE | SECURITY All brand names, product names, and trademarks are the property of their respective owners. Certain trademarks, registered trademarks, and trade names may be used in this document to refer to either the entities claiming the marks and names or their products. Crestron disclaims any proprietary interest in the marks and names of others. Crestron is not responsible for errors in typography or photography. Š2015 Crestron Electronics, Inc. AD_2015_10


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