9fi5th East Coast / Winter 2015 by 9fi5th

DESIGN + LIFESTYLE

CULT CLASSICS MEMBERS DRIVE A DIFFERENT CAR EVERY DAY

WHAT

$5 MILLION

WILL GET YOU AROUND THE WORLD CHRISTIE’S INTERNATIONAL REAL ESTATE TOP PICKS

OUR CONTENDERS AT

ART BASEL

MIAMI THIS YEAR

VOULEZVOUS COUCHER CHEZ MOI?

BUYING A SLICE OF PARISIAN ELEGANCE AT ELYSEE MIAMI

QUINTESSENTIALLY ENGLISH COUNTRY LIFE IN THE COTSWOLDS

EAST COAST

WONDER-FUL WORKS IN CRAFTSMANSHIP NEW YORK-BASED DEVELOPER CASTS A WIDE NET

TR U E WAT E R F R O NT LIV I N G I S M O R E T HAN J U ST A VI EW 100 BESPOKE RESIDENCES 57 STORIES ONLY 2 UNITS PER FLOOR DIRECT WATERFRONT

ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY STATING THE REPRESENTATIONS OF THE DEVELOPER. FOR CORRECT REPRESENTATIONS, MAKE REFERENCE TO THIS BROCHURE AND TO THE DOCUMENTS REQUIRED BY SECTION 718.503, FLORIDA STATUTES, TO BE FURNISHED BY A DEVELOPER TO A BUYER OR LESSEE. This offering is made only by the prospectus for the condominium and no statement should be relied upon if not made in the prospectus. These materials are not intended to be an offer to sell, or solicitation to buy a unit in the condominium. Such an offering shall only be made pursuant to the prospectus (offering circular) for the condominium and no statements should be relied upon unless made in the prospectus or in the applicable purchase agreement. In no event shall any solicitation, offer or sale of a unit in the condominium be made in, or to residents of, any state or country in which such activity would be unlawful. All plans, features and amenities depicted herein are based upon preliminary development plans, and are subject to change without notice in the manner provided in the offering documents. No guarantees or representations whatsoever are made that any plans, features, amenities or facilities will be provided or, if provided, will be of the same type, size, location or nature as depicted or described herein. This project is being developed by 700 Miami Partners LLC, aDelaware limited liability company, which was formed solely for such purpose. Two Roads Development LLC, a Florida limited liability company (“Two Roads”), is affiliated with this entity, but is not the developer of this project.

SALE S C E NTE R : 2 54 N E 3 0T H ST., M I AM I , F L 33137 USA 1 78 6 4 0 8 5 976

I N F O @ E LY S E E M I A M I . C O M

WW W.E LYS E E M I AM I .C O M EXCLUSIVE SALES & MARKETING

WASHINGTON DC – METRO AREA 9000 VIRGINIA MANOR RD. BELTSVILLE, MD 20705

ITALY VIA MAESTRI DEL LAVORO 23/2560028 OSIMO STAZIONE AN

MIAMI 2900 NW 77 CT. MIAMI, FL 33122

FT. LAUDERDALE 4220 N FEDERAL HIGHWAY FT. LAUDERDALE, FL 33308

AVENTURA 18837-A BISCAYNE BLVD. AVENTURA, FL 33180 NOW OPEN IN AVENTURA

CONTENTS

FEATURES 86 | TRENDING FAST AND SLOW Andrea Di Giuseppe Trend Group

92 | AFTER 5 with Corigin’s Edward Baquero

96 | ART BASEL MIAMI 2015 Our Top Picks This Season

102 | HEART & HUB Scavolini 1 06 | LOCALLY SOURCED Beachcraft

110 | OFF THE RECORD with Nitin Motwani and David Martin

116 | TROPHY HUNT Christie’s International Real Estate TREND GROUP

GET THE LOOK Internum

34 PRINCE STREET Abby Hamlin - Hamlin Ventures, Time Equities

52 WOOSTER Jane Gol - Continental Ventures

9FI5TH.COM

40 ELYSEE

123

CULT CLASSICS Classic Car Club of Manhattan

Reid Boren - Two Roads Development 44

PARAMOUNT MIAMI WORLDCENTER Daniel Kodsi - Royal Palm Companies

126

WHAT’S ON MY DESK with Harvey Hernandez

WHAT $5 MILLION WILL BUY YOU AROUND THE WORLD Christie’s International Real Estate

137

LOWER MILL ESTATE Red Paxton Habitat First Group

EAST COAST / WINTER 2015

CONTENTS

DEPARTMENTS 16 NEW ADDITIONS - NORTH EAST 18 15 Renwick - Eldad Blaustein IGI USA 20 118 East 59th Street - Mr. Neo Euro Properties 24 Williamsberry - Mona Gora Golden Lioness 26 172 Madison Avenue - Yitzchak Tessler - Tessler Developments

28 360 Central Park West - Mark Moskowitz - Argo Real Estate 30 45 East 22nd Street Ian Bruce Eichner The Continuum Company

152 ELIZABETH

31 111 Murray Street Winston Fisher - Fisher Brothers 32 AKA Sutton Place - Larry Korman - Korman Communities 34 Joseph Klaynberg Wonderworks Construction Group 36 152 Elizabeth - Amit Khurana Sumaida + Khurana

38 46 48

SOUTH FLORIDA

52 Exclusive Walkthrough -

H3 Hollywood -

Spectra

INSIDE

DKOR Interiors

Ligne Roset

Diego Besga - TRED

56 Douglas Elliman Market Report

Paris Forino Design

Sabbia Beach - Danny

60 Q&A Brown Harris Stevens -

Bilotta

TUI Lifestyle

ALROCASA

Richard Kallabat

TOOLS OF THE TR ADE

68 Cervera - Jesse Ottley

Crestron

Walker Zanger

Sason Contracting

122

AROUND TOWN

128

PILLOW TALK

129

The Carillon

Salvatore - Fernbrook Homes 50

AT HOME

NEW ADDITIONS -

Hall Willkie

VIDA At The Point - David

65 Royce Pinkwater

Markovich - Decorus Realty

66 Keller Williams -

Miami Beach 130

The London NYC

131

The Tides South Beach

132

The Renwick

134

OFF THE WALL

135

RJD Gallery

136

BEYOND

INTERNUM MIAMI

9FI5TH.COM

EAST COAST / WINTER 2015

ARTIST CONCEPTUAL RENDERINGS. DEVELOPER MAY CHANGE WITHOUT NOTICE.

MIAMI WORLDCENTER’S SIGNATURE RESIDENTIAL TOWER

IMPOSSIBLE TO DUPLICATE CALL FOR A PRIVATE PRESENTATION AND TOUR OF OUR NEW SALES GALLERY 855 .881 .7654 / www.PARAMOUNTmiami.com / 1010 NE 2ND AVENUE, MIAMI, FL 33132

EDITOR’S LETTER

Dear 9fi5th readers, You may have noticed some changes in this edition. Yes, exciting developments have been brewing here at 9fi5th HQ , and we can’t wait to tell you all about them! We are happy to announce that we are now a regional and quarterly publication. Yes, indeed, we are thrilled and look forward to provide you with all the real estate, design, architecture, and lifestyle tidbits both New York and South Florida have to offer. This very first of our regional East Coast editions has us plating up a number of high-end NY properties for your perusal. It being winter and of course Art Basel time, we couldn’t resist producing a stunning Miami property on our cover. Elysee will have you singing odes to Edgewater and never want to leave this little Miami enclave again. We also managed to sit down for some intimate chats with developers north and south on the East Coast to understand just what these successful individuals do in their off time (spoiler alert: they don’t get much of it). Read up on Corigin’s Edward Baquero, Terra Group’s David Martin, Nitin Motwani who is behind behemoth projects such as Miami Worldcenter, and Harvey Hernandez of Newgard Group. Our brokers have their voices heard in At Home, where we discuss market changes and investment pockets with Brown Harris Stevens, Keller Williams, and Miami’s own Cervera. Christie’s international real estate let us in on the doings of the ultra-wealthy in a chat about $100-million homes. Seems the world has been minting ever more billionaires, and they too have to find fitting abodes. Rest assured, we have some interesting artistic offerings in our Art Basel feature and also present you with just the right holiday-themed vacation home in Beyond. Always dreamed of your very own English country manor? Well, you may want to take a peek at Lower Mill Estate in the Cotswolds. We had the pleasure of visiting, and can only recommend the lush greenery of this bit of British countryside. I will leave you with anticipation and excitement to read both this and our upcoming London and Arabia editions. Enjoy!

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Strategy & Design Courtesy of Trend Group

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Editorial Content

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Renderings by Paperfarmer

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A RT & DESIGN

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Designer

JP William Photography

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A DVERTISING & SA L ES Please contact our

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courtesy of

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TURKISH HAMMAM AT 111 MURRAY STREET

Sponsor: SGN 443 GREENWICH STREET FEE OWNER LLC, c/o Metro Loft Management LLC, 5 Hanover Square, 3rd Floor, New York, New York 10004. THE COMPLETE OFFERING TERMS ARE IN AN OFFERING PLAN AVAILABLE FROM SPONSOR. FILE NO. CD140063. Equal Housing Opportunity

A Cut Above the Rest.

Occupancy Spring 2016.

Developer

Exclusive Sales

Metro Loft Developers, LLC

Cantor -Pecorella

Architecture & Interiors

Occupancy Spring 2016

CETRARUDDY

212 877 4433

GET THE LOOK

INTERNUM

Q MOVE CHAIR BY GIORGETTI $22,000 This fascinatingly futuristic rocking armchair should be considered more of a piece of art than a seating option. Although it holds the comfort of a truly encapsulating chair, it’s the visual appeal that has designers flocking. Its solid ash wood frame is available in three finishes: painted walnut, anthracite grey, and natural. The padding is composed of a compact rigid polyurethane and cold-foamed flexible polyurethane covered with fiber, creating a finish that is velvety to the touch.

“The best part about Giorgetti is that everything is part of a 100-year collection; pieces keep getting added as we go,” said Lagunes. Q THE ANTEO TABLE BY GIORGETTI $15,500 A gorgeous series of rectangular or square dining tables, the Anteo table, by well-known Italian brand, Giorgetti, is the perfect conversation piece for your next dinner party. The gold Calacatta, sealed marble top boasts a subtle elegance while the sheer size is fit for a king. But, while most brands carry stone, “what is really valuable about Giorgetti is the woodwork,” said Internum Managing Director, Arturo Lagunes, referencing the beautifully crafted walnut frame. “The way the wood is carved, the angles, and the design of the base are what make this table what it is.”

Q ORO CABINET BY GIORGETTI $33,000 A long and sleek dresser composed of beautiful walnut Canaletto wood with soft, leather inserts, features smooth leather doors, with a series of drawers in all sizes. “This piece is perfect to store almost anything. There is even a secret drawer at the top, for all your old love letters,” joked Lagunes. Topping off the gorgeous Italian design, literally, is a round tilt mirror, with a touch switch and magnifying insert.

9FI5TH.COM

Q CALCIO BALILLA BY TECKELL $19,000 This unique foosball table looks truly one of a kind, but, fortunately for us, there is more than one and it is available in four different, equally gorgeous styles. The Cristallino, with its solid crystal frame laced with black and aluminum finishes takes transparency from artsy to elegant. Its sister table, the Cristallino Gold Limited Edition, carries the Cristallino to a regal level, embellished with 24-carat gold-plated accessories. The 90 Minute foosball table, which we had the pleasure of playing a quick round on, is supported by a beautiful wood structure, adding a hint of organic value to the unique structure. And, last, but certainly not least, is the Contropiede. This linear and streamlined piece, available in all black or all white appeals to those who can truly appreciate the art of simplicity.

EAST COAST/WINTER 2015

NEW ADDITIONS NORTHEAST

WITH A GREAT SELECTION of both uptown and downtown 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, weâ&#x20AC;&#x2122;ll have an option.

9FI5TH.COM

45 EAST 22ND STREET

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NEW ADDITIONS / NORTHEAST

MANHATTAN ˚ HUDSON SQUARE

DRAMATIC VISUALS AT 15 RENWICK

PARTICULARS 15 RENWICK PLACE Hudson Square

OUTSIDE THE BOX

flooring, custom oakpanel walls, and a polished stucco ceiling, plus a 24hour butler. The residences will feature six-foot-wide

Walk down a few blocks for some great hot chocolate at Kaffe 1668

custom-stained walnut

ing campaign features

Like living in a private club on your

wood floors dried in Cali-

historically inspired fictional

31 Residences

very own street, with SoHo, TriBeCa,

fornia (a very detailed pro-

characters that hint at the

cess) and marble floors and

era of the street’s name-

PLANS

and Greenwich Village just steps away.

walls in the bathrooms. The

sake, James Renwick, born

1,100 - 3,575 square feet

kitchens will have SubZero

in 1790. The provocative

wine coolers and stainless

images include a shirtless

any grand designs for 15 Renwick Street in

steel countertops. “It will be

boxer sporting modern

Hudson Square fell by the wayside over the

scratched and that’s part of

tattoos, complemented by

years, until developer Eldad Blaustein, CEO of

the look. It’s an example of

a Marie Antoinette figure

thinking of the buyer. If we

with 21st-century nail art

were in a different area, we

and a smartphone. They

wouldn’t take this risk.”

are meant to appeal to,

PROPERTY

PRICE $2 million $7.1 million

IGI-USA, acquired the lot and got the ball rolling again. ODA Architecture is designing, and if you take a peek at

PERIOD

their renderings, you’ll get an idea of how inherently cool

Early 2016

the project is. Blaustein wanted to make sure the exterior and

PERKS 24-hour butler, onsite parking, cellar storage, Zen garden, bicycle storage, laundry room, roof deck

9FI5TH.COM

“people who are creative,

interior reflected the neighborhood. “It’s not too busy and not

er to form something that

different,” according to

too trendy. I think it’s quiet in a good way. It’s a very homey,

isn’t boring or average. It’s a

Blaustein. “We always

calm area.” Kind of like going to live in a private club in your

project, that suits a specific

joke that it might be a

very own street, with SoHo, TriBeCa, and Greenwich Village

type of buyer.

Wall Street trader, but he’s

mere steps away.

So, are you cool enough

writing poems at night.

to live here? Click on the

We took the liberty to be

in metal that will change color over time; yes, brass - includes

website’s quirky “charac-

really imaginative here. It’s

three adjoining town homes and four penthouse duplex-

ters of 15 Renwick” and

a product where if they love

es. The design is both handsome and bespoke. “We wanted a

you’ll see the kind of tribe

it, they are so in love with

blend between rustic and industrial,” said Blaustein.

Blaustein envisages settling

it, and if they don’t, it’s not

down here. The market-

for them.”

The 11-story, 31-unit black glass luxury condo - sheathed

The lobby will feature bespoke patterned cement tile

All of this comes togeth-

A Landmark Restored. A Village Reborn. A Lifestyle Revealed.

1, 2, & 3 BEDROOM RESIDENCES

RESIDENCES 401 Bayshore Drive Fort Lauderdale, FL 33304 SALES CENTER 2434 East Las Olas Boulevard Fort Lauderdale, FL 33301

A N OT H E R F O R WA R D T HINKING D E V E L O P M E N T BY

S A L ES & M ARKET NG B Y

GaleFLL.com | 954.888.2841

This offering is subject to errors, omissions, prior sale, change of price, or withdrawal without notice, and not intended to solicit currently listed property. Oral representation cannot be relied upon as correctly stating the representatTons of the developer. For correct representations, make reference to this brochure and to the documents required by section 718.503, Florida statutes, to be furnished by a developer to a buyer or lessee. This is not an offer to sell or solicitation of offers to buy condominium units in states where such offer or solicitation cannot be made. Prices, plans, and specifications are subject to change without notice. Void in states where prohibited. Additional restrictions may apply.

EAST COAST/WINTER 2015

MANHATTAN ˚ MIDTOWN

BOUTIQUE MIDTOWN

NEW ADDITIONS / NORTHEAST

DOUBLE-HEIGHT CEILINGS

Mr. Neo, CEO and Founder of Euro Properties, comments on his upcoming 118 East 59th Street project and entering the New York market.

9FI5TH.COM

build for myself first,”

So, what makes 118 East 59th Street so

said Mr. Neo, “every

convenient? “You have access to Central

project we do has to first

Park, shopping, museums, and restaurants.”

satisfy me.” With 25

It’s true that the building is set to a back-

years in the real estate

drop of hustle and bustle — city life teem-

development business,

ing with activity. “You’ll never get bored

overseeing a plethora of

there,” he chuckled, acknowledging the

different luxury projects

advantages of getting the best of both the

around the world, Mr.

Upper East Side and Midtown Manhattan,

Neo ought to have a pretty good perspec-

“but we also seek to provide a sanctuary

tive on what it takes to reach that standard.

from the busy streets.”

And of their upcoming 118 East 59th

To that end, the carefully sculpted high-

Street project, he said, “We’re building

rise will offer a relaxing atmosphere with

something that satisfies our ultra-high-net-

its Zen Garden and its lounges for private

worth clientele, looking for the highest level

get-togethers. “The city can be stressful,

of convenience and luxury.”

and people need a place to unwind.” In

PARTICULARS 118 EAST 59TH STREET PLACE Midtown

PROPERTY 29 Residences

PLANS 1,533 - 5,286 square feet

PRICE $4.9 million $40 million

PERIOD Late 2017

PERKS 24-hour doorman and onsite concierge service by Abigail Michaels Concierge, state-of-theart fitness center, private treatment room with steam shower, fully furnished lounge, outdoor terrace, gourmet catering, private storage lockers

ONE-BEDROOM MASTER BATH

“I build for myself first, every project we do has to first satisfy me.” - Mr. Neo

INTO SHOPPING?

You are surrounded by it!

addition to its first-

importance to Euro Properties, which

class amenities, the

brought us to ponder why they decided to

40-story project will

expand to New York. “We look at macro

boast a consider-

economic cycles to determine when to get

ably lithe physique.

into markets,” said Mr. Neo. This would

“There are a lot of

explain why the company has looked

really big buildings

outward from its point of origin in Hong

in that area,” Mr.

Kong and Singapore, as both locations

Neo noted, “but some people would rather

have considerably risen in cost over the

not live in large buildings; they’d prefer

past few years. “When it came to expand-

something more intimate.” The focus on

ing to New York, we really took our time,”

building up rather than building wide, plus

he explained, exemplifying a certain intel-

a modern glass façade, will have residents

ligent level of caution. “We’ve worked on

benefit from stunning views of the skyline

development for a long time in Asia, and

and Central Park.

we believe a lot of our knowledge can be

It’s obvious that location is of utmost

applied here in New York.”

DINING

EAST COAST/WINTER 2015

MANHATTAN ˚ SOHO

NEW ADDITIONS / NORTHEAST

A HOME

for

HISTORY

A slice of the past at 34 Prince Street. ant a relic as your next residence? If so, then picture yourself in a

of the triplexes, duplexes,

and the building’s location

treasure of New York City history at Nolita’s 34 Prince Street, the

and simplexes of 34 Prince

in Nolita’s vibrant yet noise-

newest development partnership between Hamlin Ventures and

Street by “juxtaposing the

less niche make it an ideal

Time Equities, Inc. (TEI). Designed in Greek Revival by New York

old with the new,” retain-

place for family or single

City Hall architect Joseph-François Mangin and built in 1825 as

ing the building’s modest

living nestled away from the

part of the St. Patrick’s Old Cathedral Complex, this landmark served as an orphanage for

historical charm while

bustle of downtown life. If

the Diocese of New York until 1885 when it was converted into St. Patrick’s Convent and

simultaneously spicing it up

the cliché of Manhattan’s

Girl’s School to become the inaugural parochial school of New York. 46 years later, the school

with minimal but notewor-

fast-paced high-rise living

became an educational institution serving both girls and boys. Another 35 years after that, the

thy contemporary flare. For

no longer appeals to you,

building was added to the list of city landmarks. The rest, as they say, is history.

this undertaking, intimacy

consider 34 Prince as your

is key. Each unit’s design

foray into the world of

The second partnership between Hamlin and TEI will transform this icon of Prince Street into two townhouses and seven luxury condominiums. As one of a number

PARTICULARS 34 PRINCE historic luxury living. STREET

of boutique luxury projects to hit the market recently, such as Sorgente Group’s eight-unit 60 White Street and Flank Development’s

PLACE

six-unit property at 224

SoHo

Mulberry, “34 Prince will allow purchasers to own

PROPERTY

one of the most historically

7 Condos, 2 Townhouses

and architecturally important buildings in Lower

PLANS

Manhattan,” said Francis

Condos: 3,0005,500 square feet; Townhouses: 9,000 and 11,000 square feet

Greenburger, TEI Founder and CEO. Abby Hamlin, real estate developer and President of Hamlin Ventures, oversees “the opposite of cookie cutter”

PRICE

design side of the project

Starting at $7.7 million, townhouses not yet priced

to create spatially and visually enhanced units, each unique in their own way.

PERIOD

For this project, Hamlin

Spring 2016 Spring 2017

and TEI once more enlisted Marvel Architects, the masterminds of the AIA

PERKS

National Housing Awardwinning 14+9 State Street Townhouses in Brooklyn. Unlike the 14+9 Townhouses, however, Hamlin plans to “build on a sense of history without being historicist” in her design

9FI5TH.COM

HISTORIC FAÇADE

Gym, climatecontrolled wine cellar, outdoor space and courtyard, refrigerated food storage, private yoga room, historic legacy of property

HÔTEL PULLMAN BRUSSELS CENTRE MIDI JEAN-PHILIPPE NUEL BRUXELLES – BELGIQUE Ligne Roset Contracts offers our award-winning designs and bespoke furniture for hospitality and commercial use.

www.lignerosetny.com Contact us to find out how to include Ligne Roset in your next project NYC (Park Avenue) 250 Park Avenue South, New York, NY 10003 Tel. (212) 375-1036 NYC (SoHo) 155 Wooster Street, New York, NY 10012 Tel. (212) 253-5629 Miami (Design District) 160 NE 40th Street , Miami, FL 33137 T. (305) 576-4662 EAST COAST/WINTER 2015

BROOKLYN ˚ WILLIAMSBURG

NEW ADDITIONS / NORTHEAST

you go in, you’ll get that feeling of an authentic loft,” said Gora. Handling the interiors is ubiquitous designer Paris Forino, whom you may remember from two ongoing projects on the Lower East Side, and can read about further just a few pages down. “We pay attention to every ounce of detail,” said Gora. “Paris and I got up at the crack of dawn to go on a field trip to a quarry in Vermont and spent a whole day choosing the blocks of marble that are going to be cut into slabs for our project.” Kitchens will be Italian as will closets. “It makes a huge difference when

PARTICULARS WILLIAMSBERRY PLACE Williamsburg, Brooklyn

PROPERTY 60 Residences

PLANS 501 - 2,500 square feet

PRICE $625,000 - $3,995,000

PERIOD

SOLAR ROOF PANELS AT WILLIAMSBERRY

you walk in and you have

UNDER the BROOKLYN SUN

eight-foot built-in white

Williamsberry “high-end crunchy chic” redefines luxury

Doorman, storage units, gym, peloton (will be able to connect live to any class in New York), roof lounge, outdoor courtyard with fire pit and water feature

9FI5TH.COM

the wall. Our doors are all eight-foot solid doors, which are as grand as the lofted ceilings. You’ll notice the way it feels.” Complementing the

t’s been sim-

great concept. When you

interiors is a European

mering on the

drive over the Williamsburg

courtyard designed by

back burner

Bridge, you will see it lit up

award-winning landscape

for some time,

in LED.”

designer Steven Dubner.

but now an

There will be wrap-

Features will include a stone

around terraces for the

fire pit, lush plantings, and

loft living in

tory in Williamsburg is in

private Sky houses to enjoy

a water feature.

Williamsburg.

the midst of a magnificent

the one thing you don’t get

Buyers? “Williamsburg is

makeover. Williamsberry

in Manhattan — a view of

great for young families. We

will feature 60 sunny con-

Manhattan. Residents will

built larger units thinking

dos ranging from studios

also be able to capitalize

of young married couples

on the vista via a residents’

wanting to start a family,

lounge, providing ample

and those already on their

space to socialize.

way,” said Gora.

Spring 2016

PERKS

lacquer closets set into

ex-noodle fac-

to Sky houses - something akin to glass-box penthouses. “We wanted to make this an iconic building in Williamsburg,” said developer Mona Gora, Principal of Golden Lioness.

Architects, Workshop

“The community is

DA are playing up the edgy

changing very quickly. I

loft residences.” As you may have gathered from all the

vibe of the former fac-

think it’s a great opportuni-

buzz, Williamsburg is now the “it” place to be, but Gora

tory with exposed beams,

ty for people to invest now.

first bought in 2005. “I pour my heart into my projects. You

columns, wide-plank white

If you see what you get for

have to have a vision, build your vision, and people will

oak floors, and gargantuan

your buck here compared

come.” The first spark was an idea to clad the roof in solar

windows. “Everything will

to Manhattan, it’s like night

panels, atop the sky houses in a saw-tooth design. “It’s a

feel light and airy. When

and day.”

The finished product will be “really high-end full-service

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EAST COAST/WINTER 2015

MANHATTAN ˚ NOMAD

NEW ADDITIONS / NORTHEAST

PARTICULARS 172 MADISON PLACE NoMad

PROPERTY 69 Residences

PLANS 891 - 6,241 square feet

PRICE $1.6 million $14.5 million

PERIOD Mid-2016

PERKS 67-foot swimming pool, gym, yoga room, sauna, storage rooms, bike storage, children’s playroom, resident’s lounge, pet spa

BREATHTAKING SPACES AT 172 MADISON

AS BIG AS

THE RITZ

iamonds are for-

A real estate ‘diamond’ as big as the Ritz, then? As

ever, but not for

Yitzchak’s son, Efraim, put it: “We are back to the gilded age

Yitzchak Tessler

where more is better, and those who can, can do more. We are

of Tessler Developments LLC. Curiously enough,

harking back to America’s roots.” The property offers a mix between one- and four-bedroom

Romanian-born Tessler be-

units, and there are four penthouses, each roughly 4,000

172 Madison harks back to the gilded

gan his career 40 years ago

square feet with 360-degree views. There is a swimming pool,

in South Africa’s diamond

gym and yoga room, kids’ playroom, storage facilities, and

age, where more is better and bigger.

industry – as you do – rising

even a room to pamper pets.

to become President of Transvaal diamonds. But

feet), spans the whole third floor, with four bedrooms, four

family and moved them all to New York.

bathrooms, and a 3,000-square-foot patio that contains a

dustry, Tessler raced to be at the forefront of luxury real estate development in the city. Was it just down to good timing or being ahead of his time? “If you have a look at all the buildings I developed, I was a bit ahead of my time in choosing my locations,” said Tessler. His latest project is a prime case in point. With an eagle

whopping 50-foot-long pool. Surely the largest in any apartment in the city? “The second largest,” said Efraim. “I mean, a lot of pools in New York are just tiny little tubs on the roof. This is a proper pool.” The architect on board is Karl Fischer, a favorite of Tessler’s. “He came to New York and did my first building,” said

eye on what was going on, on Madison and Fifth Avenues

Tessler. “Then Karl became the busiest architect in New York.

farther up, he figured the boom had to head downstream

I brought him to New York. He has never said no to me.”

soon enough. Quick off the mark, Tessler snatched up the

9FI5TH.COM

dubbed the Mansion (3,000 indoor plus 3,000 outdoor square

when chaos came calling in the country, he scooped up his Looking to spread his wings further than the diamond in-

But wait, there’s more. The 6,000-square-foot apartment,

Nor have his creditors. “My bank once said to me, ‘We

110,000-square-foot site at the corner of Madison and 33rd

have you listed as a top developer because with you, we sign

Street about 18 months ago for $55 million from its bankrupt

off the loan just as the building is being finished.’”

owners, with grand plans to build a 33-story, 110,000-square-

It’s true, said Yitzchak Tessler, citing younger developers

foot, 69-unit condominium residential building. Epic luxury,

who take years to chip away at their projects. Youth is on their

and all the trimmings.

side, of course, whereas “I have to rush.”

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EAST COAST/WINTER 2015

NEW ADDITIONS / NORTHEAST

MANHATTAN ˚ UPPER WEST SIDE

360 DEGREES of CENTRAL PARK Those looking for a coveted space in a sought-after place should perhaps take a look at 360

osario Candela-designed buildings are hard to come by, but how about a renovated, prewar-Candela turned condominium? How about one on Central Park West? Yes, it is a rare combination indeed, so we sent our real estate sleuths in to get the hard facts

on 360 Central Park West and had a chat with developer Argo Real Estate. “Every aspect of 360 is true to the Candela pedigree, but it is also able to compete with the latest and greatest in the luxury market,” explained Mark Moskowitz, President and Chief Executive Officer of Argo Real Estate. Given the superb location and CetraRuddy interiors thrown into the mix, Argo has set up the makings for some great condos at 360. Condos, yes, that is correct. Argo’s aim was to turn the 126-unit, 17-story building into a modern interpretation of Candela’s design with period touches like coffered ceilings in the living rooms paired with modern technology. CetraRuddy was recruited to finesse the interiors with

Central Park

solid oak herringbone floors and some sleek kitchens outfit in custom burnished copper range

West.

measure. “We have added 34 windows, 17 on each side of the building, replaced the existing

hoods, imported Italian marble countertops, and plenty of natural sunlight thrown in for good windows, and gave the façade a facelift,” said Moskowitz. Indeed, the modest sophistication of 360 Central Park West offers both a view of the sights and plenty of light. The units themselves are far more spacious than

PARTICULARS 360 CENTRAL PARK WEST

PLACE Upper West Side/ Central Park West

PROPERTY 126 Residences

PLANS 850 - 3,000 square feet

PRICE $1.5 million $6.6 million

those of the original 126

PERIOD

apartments, many of which

Late 2015 / Early 2017

have been combined for condominiums ranging from one-bedroom units to four-bedroom homes. “Prices are competitive at $1.5 million to $6.6 million per unit, given the generous amenities on hand,” noted Moskowitz. Said amenities include a doorman, a

PERKS The rare combination of a Candela building, gym, doorman, direct access/ location on Central Park West

park-facing fitness center, and children’s play room. There is even a pet groom-

void in the market, and do-

ing station. Oh, and did

ing so tastefully. Currently,

we mention that Central

the final touches are being

Park is just outside? Each

put on the first batch of 13

and every unit also has

units; however, more are yet

new plumbing and electric

to come. “We have at least

systems as per the gut reno-

10 to 15 more apartments

vation. “We reviewed many

planned for late 2016 or

design proposals, but we

early 2017,” said Moskow-

settled on one that we feel

itz. The cream of this sec-

does the property justice,”

ond crop will certainly be

claimed Moskowitz.

the two penthouses that will

After gracing the solid

9FI5TH.COM

RIGHT ACROSS FROM CENTRAL PARK

rest atop the refurbished

oak floors and enjoying the

Candela. “Luxury here is in

lofty luxury of the model

the details, while formality

unit, the consensus was that

is in the casual air of

Argo Real Estate is filling a

the aesthetic.”

MIAMI

900 Park Centre Blvd.

305.623.8282

californiaclosets.com

AN ELEVATED EXPERIENCE

NEW ADDITIONS / NORTHEAST

MANHATTAN ˚ FLATIRON

PARTICULARS 45 EAST 22ND STREET

A stunning glass tower will take sophisticated

PLACE

Flatiron to a whole new

Flatiron

level of elegant living.

PROPERTY

ontinuum Company’s new project, 45 East 22nd Street, sits in New York’s iconic Flatiron district and promises to be a beautiful 65-sto-

ry glass tower, widening at its peak to provide ample views for those up in the prime perch. At 777 feet tall, this will be the biggest tower in the Flatiron district, a situation that was quite serendipitous for The Continuum Company Founder Ian Bruce Eichner, who recalls waking up at 3 am with a vision to buy air rights in the height-constrained area – way before he had the site! As any smart developer knows, it starts with the neighborhood. “New Yorkers are all about neighborhoods,” said Eichner, who left his law career in 1973 to renovate Brooklyn brownstones, and then went on to develop the first condos in the city. “The city has moved downtown and Flatiron is the new Midtown. You now have this very odd confluence of funky office buildings, residential condos, and a massive infill of great retail. So, you have the evolution of the city

83 Residences

PLANS 1,929 - 7,000 square feet

PRICE $4.8 million - $20.7 million (penthouses yet to be released)

PERIOD 2017

PERKS Library, gym and fitness center, basketball court, golf simulator and private training studio, children’s playroom, billiards room and card room, communal living room and terrace, the Sky Club

captured in this one area.” After neighborhood, he says, the second thing people buy are views, and the third thing people buy are amenities because that’s what defines the building. Once built, the property, designed by worldrenowned architectural firm Kohn Pedersen Fox Associates, will contain 83 units ranging from one- to four-bedrooms. The rooms will have ceiling heights between 10 and 10.6 feet, with floor-to-ceiling windows offering views of

WIDER AT THE TOP

the Empire State and Chrysler Buildings. Inside will be timeless interiors by Martin Brudnizki Design Studio. (No art-gallery

be a two-story library (also

families — a combination

in the building, you could

minimal.) “Everybody and their mother is doing

great for business meetings

of playthings for kids and

call the concierge and have

contemporary,” said Eichner. “The problem I

or for mums who want to

adults, with an outdoor

40 of your nearest and

have with contemporary is that it gets tired. We

have a coffee with a friend

space if somebody wanted

dearest sit and enjoy the

want it to be a home.”

but don’t want to go out).

to cook some food or simply

same view.”

And with a home, it all begins with the

The next two floors are

hang out. But the crowning glory

Eichner reckons this is the best building he has

door. Seriously. “What I try to do is take a

for the gym, featuring a bas-

door you expect to see in Beverly Hills. This

ketball court, golf simulator,

is The Sky Club on the

designed to date. “It’s once

is not an apartment door. It’s a custom wood

and, for sedentary types, a

54th floor. “Even if you

in a lifetime. It’s as close as

four-inch door.”

card table.

bought the least expensive

you’re going to get to sex,

one-bedroom apartment

drugs, and rock’n’roll.”

As for the amenities, on the first floor will

9FI5TH.COM

The fifth floor is for

MANHATTAN ˚ TRIBECA

FLOOR-TO-CEILING WINDOWS

PARTICULARS 111 MURRAY STREET

RETURNING to the PROMISED LAND As scores of people continue their migration from the suburbs to a booming downtown

or decades, families of the city took part in

PLACE TriBeCa

PROPERTY

To properly assess the

157 Residences

a voluntary exodus from busy street life to

understated elegance of

calmer and safer suburbs. But through care-

111, we also have to look to

PLANS

ful planning and strong leadership, a stage

its David Mann interiors.

was set for urban family life, giving it viability

“What we’ve achieved is a

800 - 7,000+ square feet

and vitality, making it a virtual imperative these days. Which

marvelous sense of space.”

brings us to Witkoff, Fisher Brothers, and New Valley, the

Looking at the renderings,

masterminds behind 111 Murray Street.

it almost feels like each turn

“What we’ve created is a great home, in a great neighbor-

of the head will expand the

New York, Fisher

hood, in the greatest city in the world,” pronounced Winston

dimensions, as the glass win-

Brothers promis-

Fisher, the man who oversees much of the company’s

dows invite the home into

development and investment activities. Once complete, the

the reaches of the city.

es to crown the

TriBeCa mega project will boast amazingly spacious apart-

promised land.

ments with wide open unobstructed views of New York’s

families from said city,

skyline. Kohn Pedersen Fox Associates sculpted the building

Fisher invoked the power

in such a fashion that it is smaller at the base than it is at the

of the circle. “Rectangles

top — a minor eccentricity that was not a simple whimsical

aren’t inviting environments;

notion. The angles at which the building rises actually aug-

circular motifs, like the

ment each apartment’s access to the essential natural light

one we used for our family

and fantastic perspectives of the city. In his words, “From

pool, however, are open and

every angle, we’ve maximized exposure.”

friendly.” So, how long will

When it comes to serving up amenities, Fisher has a par-

Looking to pluck up

we have to circle around 111

ticular philosophy he shared with us: “Only create it if it can

before we can be allowed in?

be the best that it can be.” In the quest to go above and be-

Currently, the building is set

yond, the Witkoff and New Valley development team brought

to finish early to mid-2018,

to New York the finest Turkish Hammam to compliment what

but more than half the units

they believe will be the finest spa experience in all the city.

have already been sold.

PRICE $2 million $18 million

PERIOD 2018

PERKS Separate family and lap pools, expansive windowed kitchens, windowed baths, the commercial oﬀerings of TriBeCa, extensive entertainment area, elite spa experience including heated marble Turkish Hammam, children’s playroom and teen arcade

EAST COAST/WINTER 2015

NEW ADDITIONS / NORTHEAST

MANHATTAN ˚ SUTTON PLACE

M ELASTIC FANTASTIC

LIVING

y dad

Great design is in the

devel-

blood, and having grown up

oped the

in one iconic Louis Kahn

fur-

residence, Korman met a lot

nished apartment concept,”

of renowned architects and

said Larry Korman, who

designers. “I was part of that

heads fourth-generation

conversation at a very early

family-run real estate firm

age. It fascinated me. From

Korman Communities.

age two onward, I used to

Korman’s grandfather

go to the properties with my

Buy a slice of New York City in AKA’s

led the firm by developing

dad,” said Korman. “And

30,000 homes over 60 years.

even as a little kid, I used to

serviced haven and you have a pied-

In the 60s, his father had

move furniture around when

the wild and crazy idea to

my family was asleep.”

à terre on demand that you can rent out to recoup your costs.

create serviced rental com-

Now helming the AKA

munities – essentially twice

brand that specializes in

the space and half the cost

luxury long-stay lodging,

of a hotel room. The fur-

Korman has given the fur-

nishings evolved to include

nished apartment concept a

a toaster and a TV. Maid

new twist, adding the hotel

service, too. Genius.

concierge component, the wellness component with beautifully decked out gyms and pools, and the food and beverage component (some of it award-winning), meaning a good coffee, martini, or yummy snacks are on demand. Elastic living is how Korman describes the lifestyle of his clients – those who get the idea of having a residence versus a room, who want to be part of a neighborhood, want to understand the culture, are global citizens, and want to experience life. The elasticity is about a lifestyle - entrepreneurs and executives who travel and work. They are global nomads and are looking for a fluid lifestyle. “We appeal to the need for those coming to the chaos and high pace of New York, to come in and relax. Once you walk in, the lights are dimmed, pure essential oils are diffused in the lobby, the music is soft, it’s quiet, and appeals to

AKA SUTTON PLACE

9FI5TH.COM

those seeking anonymity.” Of course, in the bedroom,

PARTICULARS AKA SUTTON PLACE

PLACE Sutton Place

PROPERTY 76 Residences, 9 Penthouse Suites

PLANS 700 - 2,000 square feet

PRICE One-bedrooms starting at $1 million

PERIOD Current limited release of Condominium Residences

PERKS Residents lounge, private indoor garden, 24-hour technogym, resortstyle heated indoor swimming pool, business center, screening room, AKA branded services, wine lockers, tranquility garden, fullservice bar

SERVICED LIVING

GO HOLLYWOOD

AKA has plenty of film industry initiatives - take a peek at their calendar

elaborated Korman. “We

rooftop terrace and outdoor

are trying to be value-

movie theater), which opens

oriented based on length of

in January.

stay. You are getting all the

Taking it to the next

luxury finishes, location,

level, AKA will sell condo-

and space.”

miniums in three of its five

The Hollywood com-

New York locations in a

munity is full of firm fans.

staged release with the first

it is all about serenity and a

“We decided early on that

at AKA Sutton Place. “We

great night’s sleep – with the

we were going to lead with

have released an exclusive,

best king-sized bed and the

design and technology, so

limited number of 12 resi-

best linens.

we were a natural fit. They

dences,” said Korman.

Plus, AKA’s social:

were the first group who

“We’re marketing this

communal lounges mean

discovered us, so we got

to an individual who has

it’s easy to make friends.

more involved with them.”

a primary residence and is

“People are generally with

(AKA sponsors the Tribeca

looking to this as a second-

us from two weeks up to

Film Festival, BAFTA L.A.,

ary residence. So, you are

three months. So, it could be

and produces documentary

buying a slice of New York

like going to camp again as

films, investing in the young

City in Midtown Manhat-

an adult.” (Back in the day,

acting community to, “three-

tan. You not only have this

the NY Times dubbed them

dimensionally give back.”

pied-à-terre on demand,

Currently, AKA has

but you can also have us

Heartbreak Hotel when divorcees were knocking at

nine properties in US cities

rent it out, and after about

their doors seeking solace.)

as well as one in London,

six months you have cov-

England and will have 11 by

ered all your costs.” There

a traditional hotel in that

next year, including a fifth

you have it. You can finally

we do not nickel and dime

property in New York called

have your cake and eat it

the residents and guests,”

AKA Wall Street (think

too. Bon appétit.

“We don’t operate like

“Once you walk in, the lights are dimmed, pure essential oils are diffused in the lobby, the music is soft, it’s quiet, and appeals to those seeking anonymity.” - Larry Korman

EAST COAST/WINTER 2015

NEW ADDITIONS / NORTHEAST

WONDER-FUL

WORKS IN

CRAFTSMANSHIP New York-based developer and construction company

W casts a wide net.

ith respectable 29 years in the business, Wonder Works Construction Corp. (WWCC) has amassed more than enough experience when it comes to design, construction, and development in the real estate business. Founded and led by Joseph Klaynberg, the firm is currently involved in 14 projects as the general contractor and another four projects as the developer. With over

100 current employees, including the leadership team of Klaynberg, COO and Principal Eric Brody, and Director of Operations Michael Belkin, WWCC considers itself, “egoless, complimentary, and reliable.”

29 years is no small amount of time, and has led to WWCC creating lasting relationships in the industry. With a penchant for European (primarily Italian) design and craftsmanship, the firm often (if not always) chooses Italian finishes for their own projects and recommends them to those it advises. Kitchens and baths include Rossetto cabinetry and Newform fixtures, with a

PROPERTY: 357 West 17th Street PLACE: Chelsea ARCHITECT: Workshop Design + Architecture, PLLC COMPLETION: 2016 DEVELOPER: A fifth floor will be added to the existing four-story townhouse in southern Chelsea, to transform

the building into a 12,000-square-foot mansion. The property will include a swimming pool, wine cellar, movie theater, spa, gym, glass elevator, three terraces, a landscaped roof deck, full-floor master suite, plus four more bedrooms, eight bathrooms, and a two-car garage.

preference toward sleek, lacquered finesse. Buyers, these days, look for high-quality product that displays a level of detail and design, for which WWCC has come to be known. Yet, with all this design and brand-alignment, WWCC still manages to bring forth price points that allow buyers to effectively purchase more bang for their buck. How do they do it? Direct relationships with manufacturers, suppliers, and a wide variety of industry specialists, certainly help. Take their project 540West (on 49th Street), where the team is bringing loft-style living at highly-competitive price points to Hell’s Kitchen. The property also includes a myriad of amenities to keep buyers entertained and home values peaking. Continuous discussions with clients, marketing companies, and industry professionals, along with leveraging their in-house GC/CM experience also ensures that WWCC’s designs and finishes appeal to current trends (e.g. Karl Fischer’s design at more affordable prices on 302 East 96th Street) in areas that are highly sought-after. With a slew of current and upcoming projects, WWCC continues to be one of the leaders in the market as a non-union GC/CM company in New York City and will increase its development projects along the way. Here’s a quick roster of current projects the firm is undertaking:

9FI5TH.COM

PROPERTY: 436 & 432 East 13th Street PLACE: East Village ARCHITECT: Vail Associates Architects

DEVELOPER: Amirian Group and Bridgeton Holding COMPLETION: 2017 DESCRIPTION: Thirteen East + West will oﬀer two- and three-

bedroom apartments, a maisonette in each building, and penthouses. There will also be rooftops, and parking spaces for some units.

PROPERTY: 403 Greenwich Street PLACE: TriBeCa ARCHITECT: Morris Adjmi DEVELOPER: The Colonnade Group COMPLETION: 2016 DESCRIPTION: 403 Greenwich is a 9-story loft-style building comprised of a triplex and several duplex, floor-through units. The façade is reflective of the industrial character of local TriBeCa loft buildings, with classic

PROPERTY: 302 East 96th Street PLACE: Upper East Side ARCHITECT: Karl Fisher DEVELOPER: WWML96, LLC/Wonder Works COMPLETION: 2017 DESCRIPTION: Plans are to raze the existing three-story parking garage and erect a 21-story property with 48 upscale residences. Each apartment will

proportions. The penthouse has its own private terrace that opens

up to the beautiful views of the Hudson River and western sunlight.

PROPERTY: 117 West 21st Street PLACE: Flatiron ARCHITECT: Grade Architects DEVELOPER: Amirian Group COMPLETION: 2017 DESCRIPTION: The former gallery space at 117-119 West 21st Street, between Sixth and Seventh avenues, will be transformed into a 12-story building with six full-floor apartments, two duplex penthouses, and one townhouse with unique design/ layouts, aﬀording the opportunity to have private automated parking.

have kitchens outfitted with imported cabinetry from Italy, Bertazzoni gas ranges and ovens, integrated dishwashers and Liebherr refrigerators. The bathrooms will bring in more from (you guessed it) Italy with Newform faucets and shower fixtures with (naturally) Italian porcelain tile on the floors and walls of the bathrooms.

PROPERTY: The Oosten/ 421 Kent Avenue PLACE: Brooklyn ARCHITECT: Think Architects DEVELOPER: XIN Development COMPLETION: 2016 DESCRIPTION: Consisting of 216 units and encompassing an entire block, The Oosten makes a dramatic statement in South Williamsburg.

The building’s façade is articulated using local materials that only improve with age and is a modern interpretation of the area’s industrial past. Gunmetal framed windows mingle with brick to create an homage to the Williamsburg Bridge, as well as to the area’s rich building heritage. There will be a rooftop reflecting pool, gym, underground parking, and art gallery.

EAST COAST/WINTER 2015

MANHATTAN ˚ NOLITA

NEW ADDITIONS / NORTHEAST

ANDO’S DESIGN TRANSCENDS THE CONTEMPORARY Tadao Ando is introducing New York to a sensitive interpretation of minimalist architecture. Intrigued? We were.

152

just right at just the right time. Let’s face it; New York has some pretty cold and dreary winters, and a

Elizabeth Street was conceived for Tadao Ando,” explained Amit Khurana, Founding Partner of Sumaidra

little simulated sunlight will be well received. “Our ultimate goal was to create homes that are understated and timeless,” explained Khurana. The sheer craftsman-

+ Khurana. You probably already know that the Pritzker

ship and attention to detail planned already has architects and

Prize-winning Ando is loved and revered for the insight-

those in the design world excited. The team at work likes to

ful frames he creates with concrete, iron, and glass. He has

refrain from calling this luxury; rather, all seven of the homes

defined an architectural era. “Ando is revered by many of

are set to be works of art that reflect, and at times, define their owner. Each unit will differ

the most notable architects in the world. We knew that this space was meant for him,” explained Khurana. At 72, Ando is entering New York, for the very first time, with a project that will reveal the sensitive side of concrete architecture. Thinking that this is going to be monolithic? Not quite.

Visit the New Museum for some artistic inspiration

in size and layout, four of which will be 2,000 square feet while the largest of the seven will be a stunning penthouse whose dimensions

Rather, Khurana and his team have planned for a boutique, seven-story, seven-residence ‘glass jewel box’ in the heart of

are, as of yet, undisclosed. “We are creating a sanctuary, with

Nolita. “We are driven by the desire to create a space that

a 55-foot-high by 99-foot-wide living green wall to capture

profoundly impacts people, and we believe that this one has

that essence,” explained Khurana. Master bathrooms will be

that potential,” confessed Khurana.

clad in Bianco Sivec marble, while the units will boast Dinesen

152 Elizabeth Street is set to put a tender twist on that hard edge for which Nolita is known. At seven stories tall, 152 Elizabeth will see Ando employ some hefty concrete

PROPERTY 7 Residences

PLANS 2,000 - 4,203 square feet, PH not yet sized

PRICE $5.75 million $35 million

PERIOD Spring 2017

Buyers have been responding so well to the plans that we

about loud statements; in fact, its acoustical qualities will

such as floating walls with quarter-inch reveals that never quite

enhance sound where residents want it to and eliminate it

meet the floor and a general lithe aura created by floating

where they don’t. Interior designer Michael Gabellini has

cabinetry and soft joints, that render 152 Elizabeth possibly

ensured that the heart and soul of the build beat to the

the most affective building in the city. Completion is slated for spring 2017. As for the talented

and simulated natural light,152 Elizabeth will shine at all

young Sumaidra + Khurana, you can bet your bottom dollar

of the right times with an organic beauty. But, there is no

that this duo will continue to plan and execute luxury at the

doubt it will enjoy a few adjustments to make residents feel

detailed level of 152 Elizabeth.

9FI5TH.COM

Nolita

might be my favorite part,” admitted Khurana. won’t be surprised if a bidding war erupts. Toss in subtleties

PLACE

HeartOak flooring. “The Dinesen HeartOak flooring just

limbs dressed in a sleek glass façade. But this project is not

same tune as its exterior. With a blend between sunlight

PARTICULARS 152 ELIZABETH STREET

PERKS Tadao Ando architecture and Michael Gabellini interiors, one parking spot for sale per unit

CONCRETE TENDERNESS

MANHATTAN ˚ SOHO

DASHING DESIGN on the

CORNER Continental Ventures’s 52 Wooster sells SoHo.

ontinental Ventures has mastered loftlike living at 52

spaces feel warm and unique.

PARTICULARS 52 WOOSTER

Living in this building will be, “like living in a private home,” said Gol. “It is about creating intimate spaces that are truly individual.” Moreover, Gol is confident that this attention to personalization will attract both local and

PLACE

international buyers. The second, third, and fourth floors will all include a three-bedroom/three-bathroom resi-

SoHo

PROPERTY 4 Residences

dence, at just under 2,100 square feet with sun-drenched walls of windows, and open kitchens. Residents will also be able to step out onto their private terrace connected to the master bedroom. The duplex penthouse, occupying

PLANS

the fifth and sixth floors will offer 4,200 square feet of

2,044 - 4,200 square feet plus outdoor space

living space, including four bedrooms, a gracious kitchen, and a family room/guest room. And above it all, the rooftop terrace floor will include a large outdoor space, an outdoor living room, with kitchen and private hot tub.

PRICE

Finally, as if you didn’t already have enough room for

$5.2 million +

your trinkets and collectibles, or if you simply wanted to

upon SoHo’s classic architecture

PERIOD

keep them stowed away for a special occasion, each unit

right at the corner of Wooster

Summer/Fall 2016

Wooster. Built

and Broome streets, the six-story, four-unit building has been designed in a “contemporary timeless” style with cast-iron and masonry façades to, “invoke the historical spirit of SoHo,” according to Continental President Jane Gol. Each residence will come with large entertainment areas to host family and friends plus a tranquil balcony overlooking the courtyard, granting residents that quiet nook to get away from the hustle and bustle below. “We are designing for a buyer who likes elegant, sophisticated, and modern design and wants to live in SoHo loft-like residences with modern amenities,” said Amir Chaluts, CEO of Continental Ventures. Architect Arpad Baksa, designer of some of SoHo’s most

will be equipped with its own storage room, a rarity in any SoHo residence. With all this in mind,

PERKS Private balconies, private storage room, fireplace. The penthouse includes library/ guest room and rooftop terrace with hot tub, outdoor kitchen and powder room

Isabel Marant being right downstairs could get difficult …

the only question left to ask yourself about 52 Wooster is: how soon can I move in?

desirable buildings, including Merchant House and 111 Mercer Street, favored sleek lines over ornamentation in his design of the cast-iron and brick exterior that draws upon the architectural foundations of SoHo. The design flawlessly melds with the classic masonry found peppering the area’s façades. Bringing us to GRADE’s interior design, which plays with the 11-foot ceilings and the abundance of light and air within each space to create luxurious spaces. “We utilized the finest materials and seductive details to create a clean, elegant, and modern design with a timeless aesthetic,” said Edward Yedid, Partner at GRADE. The interior finishes utilize custom-selected stones like Blue de Savoie Marble and Fior di Bosco, and crisp woods such as Rift Cut Oak or Tabu Tay Koto with Eucalyptus veneer. Other rare materials like Grey Pearl Silk Mirror Galaxy Glass, are employed for the cabinets, and articulate texture against a smooth and open space making the wide open

52 WOOSTER

EAST COAST/WINTER 2015

NEW ADDITIONS

SOUTH FLORIDA

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1001 South Miami Avenue Miami, Florida 33130 (888) 418-0758 EQUAL HOUSING OPPORTUNITY | ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY STATING THE REPRESENTATIONS OF THE DEVELOPER. FOR CORRECT REPRESENTATIONS, MAKE REFERENCE TO THIS BROCHURE AND TO THE DOCUMENTS REQUIRED BY SECTION 718.503, FLORIDASTATUTES, TO BE FURNISHED BY A DEVELOPER TO A BUYER OR LESSEE. THIS OFFERING IS MADE ONLY BY THE OFFERING DOCUMENTS FOR THE CONDOMINIUM AND NO STATEMENT SHOULD BE RELIED UPON IF NOT MADE IN THE OFFERING DOCUMENTS. THIS IS NOT AN OFFER TO SELL, OR SOLICITATION OF OFFERS TO BUY, THE CONDOMINIUM UNITS IN STATES WHERE SUCH OFFER OR SOLICITATION CANNOT BE MADE. PRICES, PLANS AND SPECIFICATIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE.

MIAMI Ë&#x161; EAST EDGEWATER

NEW ADDITIONS / SOUTH FLORIDA

Heavenly. Parisian.

ELYSEE. Two Roads Development is driving Elysee to new heights in East Edgewater with its aesthetic and outstanding quality.

9FI5TH.COM

ELYSEE

EAST COAST/WINTER 2015

NEW ADDITIONS / SOUTH FLORIDA

EAST EDGEWATER

M M

9FI5TH.COM

iami is now producing the

par that will be able to spar with anything found in New York or

same caliber of development

London…but at a much more value-conscious $750 per square

you see in New York and Lon-

foot. Where else are you going to get 365 days of sunshine and

don,” said Reid Boren, Man-

Jean-Louis Deniot interiors for that price? Nowhere. And Ely-

aging Partner at Two Roads

see does not just have a view of the water — it is waterfront.

Development. Boren wants

“As all of these tall buildings go up, investment value is best in

Miami to be a global con-

waterfront homes,” cautioned Boren. There will be a maximum

tender for the luxury throne

of two units per floor, translating into some fantastic views with

and has introduced top-end property Elysee to make grand

a sense of airiness for its residents. Owners will also enjoy the

strides in this direction. What standards does he have in mind,

comforts of 24-hour door attendants, a white-glove concierge

you ask? For starters, he has enlisted Bernardo Fort-Brescia to

service, a valet, and high-tech robotic parking.

handle the architecture

Refreshingly, Elysee

and Jean-Louis Deniot for

is not about glitz but

some intimately elegant

about enduring style,

interiors. The 57-story

starting with the archi-

Elysee will offer units

tecture

starting at 2,660 square

Bernardo Fort-Brescia.

feet and range all the way

“Elysee will resemble

up to 10,000+ square

an orderly stack of glass

feet. “True waterfront is

playing cards when it

more than just a view,”

is finished,” explained

said Boren. You have to

Jean-Louis Deniot. The

admit, it’s hard not to like

structure’s slender phy-

what you’re reading…

sique, three-tiered tele-

presented

The 100 bespoke units

scoping shape, and al-

will all offer ample space

luringly light tones will

and a grade of finishes on

keep it discreet for a

PARTICULARS ELYSEE

PLACE East Edgewater

PROPERTY 100 Residences

PLANS 2,660 - 3,995 square feet for standard residences, 10,000+ square feet for penthouses

PRICE

Take a short drive to R House for delicious food in Wynwood

building of that stature. “It

“We aren’t disclosing a lot of information about the pent-

dominium that will boast

houses, yet,” said Boren. But what we do know is that the

amenities ready to take on

largest will burgeon out to a very generous 10,000 square

much

properties,”

feet. Sufficiently excited? Given these stats, there really isn’t

continued Boren. A spa, 75-

anything else like Elysee here in Miami. It is bespoke-bou-

foot resort pool, fitness center, yoga studio, and blow-dry bar

tique yet grandiose, magnificent but humble, loaded with

will adorn the seventh floor. But once residents get their Vin-

amenities and also in one of the coolest neighborhoods in

yasa flow and blow-dry sessions out of the way, they can head

town. “I love the bay, and East Edgewater is one of the best

up to the 30th floor for a serious soirée. Yes, the additional

areas to fully enjoy it,” closed Boren. With the Design Dis-

floor of amenities will offer a dining hall large enough to seat

trict on fire, the bay at its doorstep, and all the makings for

30 and more still for those cocktail cruisers who like to stand

the good life in place, Elysee sounds very much like a Pari-

and enjoy the view.

sian revery.

larger

The dining rooms in the residences will be nothing to balk

$1.8 million $13 million

at either, bearing in mind that the smallest homes at Elysee

PERIOD

bedrooms as well as den options.

Early 2018

PERKS Lap-pool, bay views, yoga studio, blow-dry bar, spa concierge, robotic parking

ami Beach, and Downtown,” reminded Boren.

is ultimately a boutique con-

will offer a very generous 2,600 square feet. The 100 residences will feature different layouts, affording three to five Keeping in mind Two Roads’s commitment to quality, kitchens will come with ItalKraft cabinetry and both SubZero and Wolf appliances. The tech won’t stop there, either, with Savant wireless technology enabling residents to control the temperature from anywhere with a tap on their iPhones.

I love the bay, and East Edgewater is one of the best areas to fully enjoy it.” _ Reid Boren

The exemplary architecture will offer not one but two 8- to 10-foot terraces facing east and west in each abode. Yes, sip coffee with the rising sun and toast to its demise with a glass of red in the evening. “The views will face Biscayne Bay, Mi-

EAST COAST/WINTER 2015

MIAMI ˚ DOWNTOWN

NEW ADDITIONS / SOUTH FLORIDA

CASTING SHADOWS in the

PARAMOUNT POOL

Does your current home leave space and location to be desired? Maybe it’s time to take a look at Paramount and see what the possibilities could be.

9FI5TH.COM

T here are few activities so

freeing and relaxing as the water. And of course, the unpredictable element of the ocean adds a sprinkle of adventure. Well, what would happen if we took that aquatic experience,

GENEROUS BALCONIES TO TRULY LIVE AN INDOOR/OUTDOOR LIFESTYLE

plucked it out of the water, and placed it atop Miami’s upcoming game changer, Paramount Miami Worldcenter? A pretty great time is what would happen! Paramount Miami Worldcenter will be part of a city within a city, where anything you’d possibly want to do will be within arm’s reach. Playing a game of soccer? No problem. In fact, let’s throw that field on that spacious rooftop so you can play in the sky. Time to go for a swim? Why stop there? Enjoy the

Everything will be at your fingertips at Miami Worldcenter; you may never have to leave again ...

complete beach experience in one of the bungalows for sale

international clients, we think this feature is a fantastic win for future residents. And what of those international clients? Kodsi boasts that over 30 countries are represented among current buyers. The ensuing cultural

right out in the open air. And did anyone say “shopping?”

collage is sure to create many opportunities for individu-

The Mall at Miami Worldcenter will boast 765,000 square

als looking abroad for business opportunities or to simply

feet of tailored retail space, great eats, and two of the world’s

broaden their horizons.

ultimate shopping destinations: Bloomingdale’s

Speaking of horizons, Paramount is certain to

and Macy’s. We dare say the 7th Street

offer some of the most stunning panoramic

Promenade will be similarly humble.

views of Miami’s marvelous skyline.

Then there’s the wide ranging

“We’ve curved the edges of the

nearby activities that can be

building in order to give resi-

found at places such as the

dents unprecedented views,”

Adrienne Arsht Performing

said Kodsi. It also doesn’t

Arts Center, and for sports

hurt that condominiums fea-

enthusiasts, at the home

ture a 13 x 16 square foot

of the Miami Heat — the

space designed to be more

American Airlines Arena.

than just a balcony. “The

With the Jorge Perez Art

outdoor space really comes

Museum, Bayfront Park and

alive as an extension of the

Amphitheater, and Miami

living room.”

Dade College all situated within the neighborhood, we can tell why some are dubbing the location the

Just in case all the aforementioned wasn’t enough, residents

YES, THERE WILL BE A SOCCER FIELD

new center of Miami. We could go on and on about all the activities and things we’d be able to do at Paramount Miami

at Paramount will also benefit from private elevators, 10-foot ceilings, rain showers, and spa tubs. And if anyone dares to

think they might wind up skimping on a certain important

Worldcenter, but we would be mistaken not to dedicate a good

aspect of living, even the laundry rooms are described as “full

amount of page acreage to the beautifully-designed condo-

size.” On top of that, each unit will essentially have an extra

miniums. First, we have to applaud the decision to connect

room in form of a den.

the residences directly to the shopping mall, a feature Daniel

When asked for his favorite feature, Kodsi brought us to the

Kodsi explained has some oriental leanings. “In parts of Asia,

yacht-inspired multi-level rooftop. “It was just really fun coming

it’s not uncommon to see a residential tower sprouting out of

up with the concept and watching it come to life.” With the

a shopping mall.” Since the mall itself is such a big sell for

bows pointed to the sky, we place our bets on Paramount.

PARTICULARS PARAMOUNT MIAMI WORLDCENTER

PLACE Downtown

PROPERTY 500 Residences

PLANS 1,186 - 2,611 square feet

PRICE $750,000 $5 million

PERIOD 2018

PERKS Part of mega-project Miami Worldcenter, direct access to The Mall, upcoming rail station connecting with Orlando, private elevators, 6-acre amenity deck including multiple pools, cabanas, soccer field, gym, spa, private bungalows for sale

EAST COAST/WINTER 2015

NEW ADDITIONS / SOUTH FLORIDA

BROWARD COUNTY ˚ HOLLYWOOD

PARTICULARS H3 HOLLYWOOD

PLACE Hollywood

PROPERTY 247 Residences

PLANS 600 - 3,000 square feet

A NEW FOCUS H3 HOLLYWOOD

PRICE

H3 caught the market while

$200,000 $400,000

it was cool, bided its time,

PERIOD 2016

PERKS Pool, gym, business center, conference/ event room central location, 24-hour concierge

AFFORDABLE LUXURY for

9FI5TH.COM

and is getting ready to pull back the curtain on a new tower in Hollywood.

Timing is everything. Whether you’re a creative artist or a newbie looking for a family-friendly and trendy atmosphere,

e all know that it pays to

H3 Hollywood, opening

be original. Ever since

late next year, is five min-

Jackson Pollock did it in

utes from the action.

the 50s, splashing buckets

The secret to its amaz-

of paint across a canvas

ing pricing ($200,000

just isn’t cool anymore.

to $400,000) is that H3

What’s true in the art and

developers were the first

design world is true in

to break ground in Hol-

South Florida real estate.

lywood’s post-recession

LOFT-STYLE LIVING

“It’s nice and

market, proof that it’s once again possible to produce a proper product at the right price. Just south from Ft. Lauderdale Airport, Hollywood’s a

quiet and has

classic little city in Broward County that boasts its own unique little beach community, and is located right between Miami

everything

and Ft. Lauderdale. Within Hollywood, H3 is five minutes from the art and cultural centers downtown and the beach. It

you could

is only steps away from the proposed site of a new commuter rail too. Like golf ? H3 is mere minutes from Orangebrook

want but

Golf and Country Club, Hollywood Beach Golf Resort, Eco Golf Club, and Hillcrest Gold and Country Club.

if you want

The 15-story tower has 147 units with studios, lofts, and town homes offering great views. There’s a pool deck,

to go to

a fitness center, and two

Up for some golf? Multiple courses are just minutes away

unique business amenities. “Hollywood is a very

Miami or Fort

family-oriented city,” said developer Diego Besga.

Lauderdale

“There are young couples and working people mov-

The difference is in the details. “We upgraded from

ing in and it is more affordable. It’s nice and quiet and has

metal balconies to glass balconies and from marble to quartz

everything you could want, and if you want to go to Miami

finishes. We have Italian kitchens because we wanted to

or Ft. Lauderdale, it takes 10 minutes to get there.”

make it unique to the area and because we thought the

All the units come designer-ready for your unique touch, with quartz countertops and bathrooms already finished for

buyer would appreciate it,” said Besga. Because H3 Hollywood is dedicated to keeping the area

convenience. “We have different types of flooring and furni-

family-friendly, buyers are allowed to rent out their units

ture ready in the sales center and can have the unit ready to

four times a year making sure the property stays just as

your specifications when you move in.”

resident-friendly as it should.

it takes ten minutes and you’re there.” - Diego Besga

EAST COAST/WINTER 2015

BROWARD COUNTY ˚ POMPANO BEACH

NEW ADDITIONS / SOUTH FLORIDA

POOL

Like your swims in the morning? The ocean is just an elevator ride away.

Pompano gets its name from the species of marine fish native to Florida. At an average18 inches

in length, it may not be classified as a big catch, but the plot Salvatore secured definitely could be. The beach itself is located just north of Fort Lauderdale in an area that is currently in the middle of a redevelopment process, priming itself for an update to a more contemporary high-end style. Sabbia Beach opens up straight onto the beachfront, great for people who want quick and easy access to unspoiled golden sands and clear ocean water. Speaking of sand and water, Sabbia Beach managed to come up with an inspired idea to use the wavy shoreline as a feature of its balconies. This look achieves a kind of melding of the elements, synergizing nature and human innovation. Plain and simple: the beach and the property

ARQUITECTONICA-DESIGNED SABBIA BEACH

CATCHING THE BIG ONE

belong to each other. “I built something I love because I plan on living here,” said Salvatore. The true mark of a de-

t’s not like

veloper’s pride is the intention to inhabit the space

the Presi-

he has created. Once complete, Salvatore plans to

dent and

take up residence in one of the 68 units that range

CEO of

in size from 1,800 to 5,900 square feet.

Toronto-

Who is looking, you ask? “We have a lot of

based

Toronto buyers looking for a second home.” But it’s

Fernbrook Homes

not just our neighbors to the north who are looking

Canadian residential developer turns to own

hasn’t earned his

to get a piece of this boutique property; many local

stripes. He’s helped

Miamians are also keen on the investment. This

vacation spot of Pompano Beach to build

to build more than

is in part due to the terrific work by Interiors by

35,000 single fam-

Steven G. and architecture greats Arquitectonica.

a permanent future.

9FI5TH.COM

ily homes and over 4

When looking to create the best beachside liv-

million square feet of

ing experience, Salvatore went straight to the best

residential high-rise property. So, when the appeal

Miami had to offer. And we were surprised to find

of luxurious beach-front living finally became too

out that units are fully customizable. “Everything is

strong to resist, Danny Salvatore chose to do it

possible,” he stated, noting that changes would also

his way and, in the process, started Sabbia Beach,

require approval from the architect. With that kind

Pompano Beach’s first new luxury project in the

of flexibility, Pompano’s latest development has a

past ten years.

lot to offer.

PARTICULARS SABBIA BEACH

PLACE Pompano Beach

PROPERTY 68 Residences

PLANS 1,800 - 5,900

square feet

PRICE $900,000 $5 million

PERIOD 2017

PERKS Beachfront location with direct access to ocean, 24-hour valet services, boutique lobby with state-of-theart security and concierge, fitness center, social room, oceanfront jacuzzi, spa, saunas, bike storage, private covered parking

WAVES ON THE BUILDING AND THE OCEAN AHEAD EAST COAST/WINTER 2015

MIAMI ˚ AVENTURA

NEW ADDITIONS / SOUTH FLORIDA

PARTICULARS VIDA AT THE POINT

PLACE Aventura

PROPERTY 6 Residences

PLANS 3,200 - 3,800 square feet

PRICE $2.4 million $3 million

PERIOD Late 2016

PERKS Access to amenities at The Point, outdoor space, private elevators, yacht slips, smart-home automation, Interiors by Steven G.

LIVIN’ LA VIDA

at The Point

e recently had the

elegance with Italian cabinetry and quartz countertops. “We

chance to chat with

offer upgrade options, like the yacht slips, smart home automa-

David Koster and

tion, electric charging stations, and turn-key finishing packages

Gabriel Markovich,

by Interiors by Steven G.,” noted Koster. The three- to four-

Partners at Decorus

bedroom homes at VIDA will run between 3,200 and 3,800

Realty as well as devel-

square feet and will be priced between $2.4 and $3 million,

opers of VIDA at The

positioning them competitively in Aventura.

Point. The partners were happy to share insight on some of

Those looking for a

“VIDA at The Point will fill a void in Aventura, which

Decorus’s exclusive sales and marketing developments, includ-

has not seen a new waterfront home development in the past

ing their own VIDA at The Point.

decade. That is why VIDA is so exciting,” exclaimed David

“Each home at VIDA will have its own floor plan with

Markovich, President of Development Sales at Decorus Realty.

luxurious, spacious,

unique advantages,” praised Markovich as he explained the

These six residences at VIDA will be carefree, family living at

and modern home

intricacy of KZ Architecture’s design, which envisioned a

The Point in Aventura. “There is nothing like it in Aventura,”

modern and open aesthetic that marries both a creative use

said Markovich. “Imagine cruising Biscayne Bay on your yacht

in Aventura need

of natural light with a sleek, inventive sense of space. Some

and returning to your own dock just outside your backyard

to look no further

of the homes will feature private elevators and others rooftop

in time to enjoy the sunset with a cocktail from your private

terraces or outdoor patios.

rooftop terrace.” It all comes with full access to the extraordi-

than VIDA at The Point.

9FI5TH.COM

The plush design will be ever evident in the kitchens, which

nary amenities at The Point Condominium next door, making

will pair an efficient functionality with modern appliances

VIDA the convergence of luxury and convenience, style and

and state-of-the-art induction cooktops but also play on classic

practicality. And that, ladies and gentlemen, will be the point.

AT HOME GOING IN SEARCH OF market analysis, we strive to provide you with real-time info sourced from the industry’s top brokerage firms. This time around, you’ll get insights from Brown Harris Stevens, Keller Williams, and Miami-local Cervera. We also have a Connecticut rental gem for your perusal.

BISCAYNE BEACH ARTIST CONCEPTUAL RENDERING

EAST COAST/WINTER 2015

AT HOME

CONNECTICUT ˚ HARTFORD ˚ RENTAL

THE WHOLE SPECTRUM of LUXURY

BEING SOCIABLE AT SPECTRA

9FI5TH.COM

Young professionals with taste and panache now have an option that includes everything, except compromise.

We all know it happens. Mom and Dad pull the plug and decide that it is time for you to move out of their spare Manhattan penthouse. You can thank us later, but we set out to do some investigation and found an answer that doesn’t involve knocking down the standards. Spectra Boutique Apartments, write that down, is an all-rental development in the middle of downtown Hartford, Connecticut. “We have taken the former Sonesta Hotel and turned it into luxury apartments with killer amenities,” explained Jeffrey Ravetz, President of Girona Ventures.

SPECTRA

We were lucky enough to get a tour, from the incredibly welcoming and service-friendly staff, which started at the grand portico on the ground ﬂoor. The entrance leads directly into the lobby with its 14-foot ceilings and dashing marble floors, wall panels, and fireplace that command your attention to its extraordinary combination of old world aesthetic and new world chic.

STYLISH SPACES

LOUNGING EAST COAST/WINTER 2015

AT HOME

PARTICULARS SPECTRA PLACE Hartford, Connecticut

PROPERTY 190 Residences

PLANS Studios 2-bedrooms

Spectra has some serious facilities,

PRICE $987 $ 2,394

such as a Club RetroFIT gym and spa-like ambiance. We

PERIOD

spotted Pilates classes and a

Complete

PERKS

surplus of cardio machines CLUB RETROFIT GYM

Theatre room, community room with pool table; fitness center with yoga private training, half court; library

BILLIARD BAR

But a billiard bar, screening room for 46, and a library right on the second ﬂoor for post-workout social hours or pleasure reading made a fine case for Spectra.

9FI5TH.COM

with zero waiting time. “Some prominent celebrities have asked specifically for gym access because it beats a lot of clubs in the area,” explained Ravetz.

OPEN

As we ventured up to take a look at the units, which run from studios to two-bedrooms, the continued level of quality was stunning. For less than $30 per square-foot, we were amazed to see stainless steel appliances like Blomberg refrigerators in the kitchens. The European bravura is in part thanks to Joseph Klaynberg, CEO of Wonder Works Construction and his keen eye for detail and style, and to the French ﬂavor of the interior aesthetic.

BRIGHT AND

The bathroom cabinetry and tasteful accent lighting along with the twodrawer vanities with vessel sinks checked all of our boxes. As we entered the bedrooms, the ﬂoorto-ceiling views of the river and city added to the spectrum of eye candy.

AIRY SPACES

“Spectra is light, open, inspiring, and boutique. I would love to live here,” said Ravetz. With the price range at an unbeatable $900 per month for a 400-square-foot studio to $2,000 per month for almost 2,000 square feet of space, Spectra makes a stately case for living in Constitution Plaza. Add in a three-pointer for the amenities, and living in Hartford just got a whole lot cooler. Did we mention that there is a basketball court?

EAST COAST/WINTER 2015

ELLIMAN REPORT 3Q-2015

AT HOME

Quarterly Survey of Manhattan Co-Op & Condo Sales CO-OPS & CONDOS

DASHBOARD

3Q-2015

%Chg (QTR)

2Q-2015

%Chg (YR)

3Q-2014

$1,737,565

-7.2%

$1,872,367

3.1%

$1,684,729

$1,497

11.7%

$1,340

17.9%

$1,270

$998,000

1.8%

$980,000

9.9%

$908,242

$2,048,341

9.6%

$1,868,489

25.7%

$1,629,200

$926,250

-2.0%

$945,000

5.7%

$876,000

3,654

36.6%

2,674

9.8%

3,328

Days on Market (From Last List Date)

-22.3%

-20.7%

Listing Discount (From Last List Price)

2.2%

Listing Inventory (Active)

5,654

-1.3%

5,730

-3.0%

5,828

4.6

-28.1%

6.4

-13.2%

5.3 116.39

MANHATTAN MARKET MATRIX Average Sales Price Average Price per Sq Ft Median Sales Price New Development

year-over-year

Re-sale

PRICES

Median Sales Price

PACE

9.9% 0.7 mos

Absorption Rate

SALES

9.8%

Closed Sales

INVENTORY

3.0%

Total Inventory

Number of Sales (Closed)

Absorption Period (Months)

6.1%

1.1%

Pending Price Index (1Q 08 = 100)

154.16

15.4%

133.61

32.5%

Pending Sales Index (1Q 08 = 100)

135.52

-15.4%

160.18

7.6%

125.92

3Q-2015

%Chg (QTR)

2Q-2015

%Chg (YR)

3Q-2014

$1,794,528

N/A

6.7%

$1,682,452

$1,431

N/A

12.8%

$1,269

$996,500

N/A

7.7%

$925,000

8,989

N/A

-9.9%

9,977

YEAR-TO-DATE Average Sales Price (YTD) Average Price per Sq Ft (YTD) Median Sales Price (YTD) Number of Sales (YTD)

* The pending sale and pending price indices are based on contract data collected during the normal course of business by Miller Samuel and Douglas Eliman.

MARKETING TIME

19 days

Days on Market

NEGOTIABILITY

1.1%

Listing Discount

• Listing inventory slid as market share of sales at or above listing price set record • Median sales price climbed to second highest level on record, highest since 2008 • Number of sales increased for first time in a year as the market reset

MEDIAN SALES PRICE $1,300,000

5,000

$1,200,000

4,500

$1,100,000

4,000

$1,000,000

3,500

$900,000

3,000

$800,000

2,500

$700,000

2,000

$600,000

1,500

$500,000

LUXURY

LUXURY MARKET MATRIX

• Price trend indicators were mixed overall as median

Average Price per Sq Ft

Average Sales Price

sales price increased • Listing inventory declined, resulting in a faster market pace • There was less negotiability on average than in the prior year quarter

Sales Share

Median Sales Price

Co-ops

54.4%

$3,537,815

Condos

45.6%

$8,705,783

New Dev.

29.5%

$6,108,954

Re-sales

70.5%

$4,945,000

9FI5TH.COM

1,000

3Q-2015

%Chg (QTR)

2Q-2015

%Chg (YR)

3Q-2014

$6,757,134

-17.4%

$8,182,735

-6.8%

$7,252,739

$2,454

-3.8%

$2,551

-6.2%

$2,617

-8.3%

$6,000,000

10.0%

$5,000,000

Number of Sales (Closed)

366

37.1%

267

9.9%

333

Days on Market (From Last List Date)

116

-10.1%

129

3.6%

112

Listing Discount (From Last List Price)

2.7%

Listing Inventory (Active)

1,480

-15.6%

1,754

-9.0%

1,627

12.1

-38.6%

19.7

-17.7%

14.7

$3,564,094

-7.4%

$3,850,000

9.7%

$3,250,000

Entry Threshold

MEDIAN SALES PRICE

3.4%

5.3%

NUMBER OF SALES

MANHATTAN LUXURY

$7,000,000

500

$6,000,000

400

$5,000,000

300

$4,000,000

200

$3,000,000

100

$2,000,000

$5,499,365

Median Sales Price

Absorption Period (Months) Luxury Mix

NUMBER OF SALES

MANHATTAN

NEW DEVELOPMENT • Overall price indicators were up sharply from last year's levels • Market share continued to expand • Number of sales jumped as negotiability tightened

New Dev. Mix

Sales Share Median Sales Price

< $1M

17.2%

$616,041

$1M - $3M

50.8%

$1,731,025

> $3M

32.1%

$5,825,000

3Q-2015

%Chg (QTR)

2Q-2015

$3,377,218

-19.2%

$2,111

5.0%

$2,048,341

Number of Sales (Closed)

%Chg (YR)

3Q-2014

$4,177,856

4.4%

$3,235,848

$2,011

16.8%

$1,807

9.6%

$1,868,489

25.7%

$1,629,200

390

84.0%

212

61.2%

242

Days on Market (From Last List Date)

125

-3.8%

130

42.0%

Listing Discount (From Last List Price)

0.6%

Listing Inventory (Active)

765

-43.0%

1,342

-48.1%

1,473

Absorption Rate (Months)

5.9

-68.9%

19.0

-67.8

18.3

NEW DEV. MARKET MATRIX Average Sales Price Average Price per Sq Ft Median Sales Price

Sales Share of Overall Market

AVERAGE PRICE PER SF

• Marketing time was faster and negotiability tightened

MARKET SHARE 30%

2,200

24%

1,900

18%

1,600

12%

1,300

6% 11

3Q-2015

%Chg (QTR)

2Q-2015

%Chg (YR)

3Q-2014

$2,714,901

-5.5%

$2,872,147

12.4%

$2,415,605

$1,745

11.6%

$1,563

24.0%

$1,407

$2,100,000

-0.2%

$2,105,000

-2.2%

$2,147,500

107

-30.1%

153

-45.7%

197

Days on Market (From Last List Date)

10.7%

-23.1%

121

Listing Discount (From Last List Price)

2.0%

Listing Inventory (Active)

389

5.4%

369

-10.4%

434

Absorption Rate (Months)

10.9

51.4%

7.2

65.2%

6.6

Average Price per Sq Ft Median Sales Price

• Inventory and number of sales declined

7.3%

MANHATTAN NEW DEVELOPMENT

Average Sales Price

square foot set new record

7.9%

12.6%

LOFT MARKET MATRIX

• Price indicators were mixed as average price per

4.9%

2,500

1,000

LOFTS

3.4%

Number of Sales (Closed)

9.3%

3.2%

* This sub-category analyzes all co-op & condo loft sales available. The data is also contained within the co-op & condo markets presented.

CONDOS

CONDO MARKET MATRIX Average Sales Price Average Price per Sq Ft

• Price trend indicators showed double-digit year-over-year gains • Number of sales jumped as inventory stabilized • Days on market declined, while listing discount edged higher

Condo Mix

%Chg (QTR)

2Q-2015

%Chg (YR)

3Q-2014

$2,319,470

-3.9%

$2,414,761

16.9%

$1,984,070

$1,801

13.3%

$1,589

21.1%

$1,487

$1,500,000

7.9%

$1,390,000

15.5%

$1,299,000

1,661

62.8%

1,020

35.0%

1,230

-4.5%

-11.6%

3Q-2015

Median Sales Price Number of Sales Days on Market (From Last List Date)

Sales Share

Median Sales Price

6.4%

2.2%

Listing Discount (From Last List Price)

2.9%

Listing Inventory (Active)

3,006

-0.9%

3,034

0.6%

2,987

5.4

-39.3%

8.9

-26.0%

7.3

Absorption Rate (Monthly, Active)

6.2%

$525,000

1 bedroom

40.7%

$926,250

2 bedroom

32.6%

$1,909,701

$1,600,000

3,000

3 bedroom

14.6%

$3,783,991

$1,400,000

2,500

5.9%

$6,825,000

$1,200,000

2,000

$1,000,000

1,500

$800,000

1,000

$600,000

500

Studio

4+ bedroom

MEDIAN SALES PRICE

$400,000

NUMBER OF SALES

MANHATTAN CONDO

EAST COAST/WINTER 2015

ELLIMAN REPORT 3Q-2015

AT HOME

Quarterly Survey of Miami Coastal Mainland Sales

CONDOS

CONDO MARKET MATRIX

3Q-2015

%Chg (QTR)

2Q-2015

%Chg (YR)

3Q-2014

Average Sales Price

$343,324

-8.2%

$373,924

-2.3%

$351,560

• Price indicators were mixed

Average Price per Sq Ft

• Number of sales declined as listing

Median Sales Price

inventory expanded • Days on market slipped as listing discount stabilized

$277

-7.4%

$299

-1.8%

$282

$217,400

-0.4%

$218,250

2.2%

$212,750

Non-Distressed

$248,400

-3.7%

$258,000

-7.0%

$267,000

Distressed

$134,700

2.1%

$131,900

6.1%

$127,000

2,480

-6.9%

2,664

-8.4%

2,706

1,918

-4.5%

2,009

-0.8%

1,934

562

-14.2%

655

-27.2%

772

1.9%

-3.6%

Number of Sales

• Number of distressed sales fell sharply

Non-Distressed Distressed Days on Market (From Last List Date)

Condo Mix

Sales Share

Median Sales Price

1.9%

$165,000

1 bedroom

23.1%

$181,250

2 bedroom

49.9%

$215,000

3 bedroom

23.0%

$240,000

4 bedroom

1.9%

$291,250

5+ bedroom

0.2%

$3,975,000

Studio

• Condo price trend indicators fell as inventory surged • Condo days on market and listing discount edged higher

7,713

0.0%

7,714

8.2%

7,128

9.3

6.9%

8.7

17.7%

7.9

Absorption Period (Months)

MEDIAN SALES PRICE

BRICKELL • Price trend indicators rose as sales declined • Days on market stabilized and negotiability expanded

DOWNTOWN • Condo price indicators continued to rise • Condo sales and days on market slipped

9FI5TH.COM

NUMBER OF SALES

MIAMI COASTAL MAINLAND CONDOS

$225,000

3,500

$200,000

2,800

$175,000

2,100

$150,000

1,400

$125,000

700 3Q13

4Q13

LUXURY CONDO MATRIX Average Sales Price Average Price per Sq Ft Median Sales Price Number of Sales (Closed) Days on Market (From Last List Date)

* Note: this sub-category is the analysis of the top ten percent of all condo/towntouse & single-family sales. The data is also contained within the other markets presented.

5.5%

5.6%

Listing Inventory (Active)

$100,000

LUXURY

5.6%

Listing Discount (From Last List Price)

1Q14

2Q14

3Q14

4Q14

1Q15

2Q15

3Q15

3Q-2015

%Chg (QTR)

2Q-2015

%Chg (YR)

3Q-2014

$1,350,105

-15.7%

$1,600,971

-5.1%

$1,422,475

$609

-9.1%

$670

-0.7%

$613

$938,500

-21.8%

$1,200,000

-18.4%

$1,150,000

249

-6.7%

267

-8.1%

271

2.0%

28.7%

1,740

62.0%

1,383

Listing Discount (From Last List Price)

7.6%

Listing Inventory (Active)

2,240

7.4%

27.0

37.8%

19.6

76.5%

15.3

Entry Threshold

$642,000

-10.2%

$715,000

-8.3%

$700,000

BRICKELL CONDO MATRIX

3Q-2015

%Chg (QTR)

2Q-2015

%Chg (YR)

3Q-2014

Average Sales Price

$565,053

-9.6%

$624,760

9.9%

$514,051

$467

-5.1%

$492

5.9%

$441

$422,500

-0.6%

$425,000

5.6%

$400,000

238

-7.8%

258

-7.4%

257

Days on Market (From Last List Date)

-4.0%

0.0%

Listing Discount (From Last List Price)

5.8%

DOWNTOWN CONDO MATRIX

3Q-2015

%Chg (QTR)

2Q-2015

%Chg (YR)

3Q-2014

Average Sales Price

$263,172

-7.9%

$285,736

3.0%

$255,480

$226

-7.4%

$244

1.8%

$222

$185,000

2.8%

$180,000

12.1%

$165,000

1,813

-4.2%

1,892

-2.2%

1,853

Days on Market (From Last List Date)

0.0%

-6.9%

Listing Discount (From Last List Price)

4.9%

Absorption Period (Months)

Average Price per Sq Ft Median Sales Price Number of Sales (Closed)

5.6%

4.5%

48 5.0%

58 3.9%

COCONUT GROVE • Condo price trend indicators were mixed • Condo sales and negotiability fell

COCONUT GROVE CONDO MATRIX

3Q-2015

%Chg (QTR)

2Q-2015

%Chg (YR)

3Q-2014

Average Sales Price

$626,822

12.9%

$555,431

-6.8%

$672,227

$335

-8.2%

$365

-10.2%

$373

$640,000

19.0%

$538,000

21.2%

$528,000

Number of Sales (Closed)

-17.8%

-21.3%

Days on Market (From Last List Date)

48.8%

23.1%

Average Price per Sq Ft Median Sales Price

Listing Discount (From Last List Price)

AVENTURA • Price indicators and sales fell •Days on market increased as listing discount slipped

4.4%

4.0%

52 7.3%

AVENTURA CONDO MATRIX

3Q-2015

%Chg (QTR)

2Q-2015

%Chg (YR)

3Q-2014

Average Sales Price

$407,473

-13.7%

$472,417

-5.8%

$432,728

$277

-10.9%

$311

-3.1%

$286

$302,500

-4.9%

$318,250

-9.7%

$335,000 332

Average Price per Sq Ft Median Sales Price

262

-7.7%

284

-21.1%

Days on Market (From Last List Date)

9.8%

21.7%

Listing Discount (From Last List Price)

6.2%

Number of Sales (Closed)

7.0%

46 6.4%

Quarterly Survey Of Miami Beach/Barrier Islands Sales

LUXURY CONDO • Price trend indicators were mixed as inventory expanded • Marketing time stabilized as negotiability tightened

LUXURY CONDO MATRIX Average Sales Price

3Q-2015

%Chg (QTR)

2Q-2015

%Chg (YR)

3Q-2014

$3,678,868

24.0%

$2,966,441

34.7%

$2,730,470

$1,407

14.1%

$1,233

27.6%

$1,103

$2,200,000

-7.0%

$2,365,000

-8.3%

$2,400,000

-19.8%

106

-7.6%

Days on Market (From Last List Date)

1.8%

0.0%

Listing Discount (From Last List Price)

2.7%

Average Price per Sq Ft Median Sales Price Number of Sales (Closed)

8.8%

57 7.8%

Listing Inventory (Active)

949

19.2%

796

39.6%

680

Absorption Period (Months)

33.5

20.9%

22.5

79.4%

22.2

$1,350,000

-8.5%

$1,475,000

-4.9%

$1,420,000

Entry Threshold

* This sub-category is the analysis of the top ten percent of all condo/towntouse & single-family sales. The data is also contained within the other markets presented.

SUNNY ISLES • Continued pattern of rising prices and declining sales • Days on market slipped as listing discount edged higher

SUNNY ISLES CONDO MATRIX

3Q-2015

%Chg (QTR)

2Q-2015

%Chg (YR)

3Q-2014

Average Sales Price

$809,914

10.6%

$732,183

16.6%

$694,561

$558

7.9%

$517

8.3%

$515

$377,500

2.9%

$367,000

10.2%

$342,500 196

Average Price per Sq Ft Median Sales Price

158

-22.9%

205

-19.4%

Days on Market (From Last List Date)

-1.9%

-3.8%

Listing Discount (From Last List Price)

8.0%

Number of Sales (Closed)

BAL HARBOUR

BAL HARBOUR CONDO MATRIX

• Price trend indicators declined as sales fell

Average Price per Sq Ft

• Listing discount and days on market declined

Median Sales Price

Average Sales Price

7.3%

53 7.2%

3Q-2015

%Chg (QTR)

2Q-2015

%Chg (YR)

3Q-2014

$1,270,632

9.7%

$1,157,866

-20.4%

$1,596,569

$838

11.6%

$751

-9.7%

$928

$660,000

-14.8%

$775,000

-5.0%

$695,000

Number of Sales (Closed)

-13.8%

-37.5%

Days on Market (From Last List Date)

0.0%

-15.8%

Listing Discount (From Last List Price)

5.5%

7.9%

57 10.4%

SOUTH BEACH

SOUTH BEACH CONDO MATRIX

3Q-2015

%Chg (QTR)

2Q-2015

%Chg (YR)

3Q-2014

Average Sales Price

$669,394

0.1%

$668,625

14.8%

$583,310

• Price trend indicators were mixed as

Average Price per Sq Ft

$728

-5.0%

$766

9.1%

$667

$325,000

8.3%

$300,000

-3.0%

$335,000 295

sales declined • Days on market slipped as listing discount edged higher

Median Sales Price

234

-29.7%

333

-20.7%

Days on Market (From Last List Date)

-16.4%

Listing Discount (From Last List Price)

7.4%

Number of Sales (Closed)

8.7%

55 6.4%

EAST COAST/WINTER 2015

AT HOME 9fi5th: Give us a bit of a personal history. What were

co-op sale in the city, 60-70 percent of every condo sale, units

you doing before this? Were you in real estate? How

over $20 million.

did you get to Brown Harris Stevens? 9fi5th: When someone comes in and they want to be a Hall Willkie: I have been in real estate for 33 years. I

broker with you, what characteristics do you look for?

started in Westport, Connecticut, for a year, then I came to New York and worked for Sotheby’s with another five years

HW: There is no formula. We do take on inexperienced

in Beverly Hills. Then I came back to New York. I have been

people, but in one or two capacities. One of those is to be

at Brown Harris for 24 years.

someone’s assistant. We have had many people who started as assistants and are now top brokers. For those more senior than

9fi5th: How did you start climbing the ladder into

that, we have a mentor program wherein an experienced bro-

management?

ker needs help and someone who wants to learn the business has a lot of contacts, so they undertake a quid pro quo. It’s

HW: Companies used to be much smaller. When I came to

like an apprenticeship. We also have what we call a “show-er

Brown Harris Stevens, there were 34 brokers — it was a very

programˮ where we take on some young people to help all the

owner-operated business where the owners were managers.

brokers as a way of learning the business.

The first office I worked in had 12 people and they made me a selling manager. That was typical. Managers were

9fi5th: What types of challenges do your brokers

the owners of the firm. One of the things I loved about the

face nowadays?

business was that it was so small and intimate. My first job out of college was for Federated Department Stores and I

HW: It is a very competitive business. It always has been. The

hated that nobody seemed to know anyone. You were like

thing is that we firmly believe in focusing on selling and the

a cog in a machine. In real estate, you knew everybody. It

fact that it is all about the client and not about us, doing every-

has changed since then; things have gotten bigger and more

thing in their interest above all other interests, especially our

professional but still are relatively intimate.

own. If you do that, it is amazing how business just happens.

9fi5th: Do you miss selling?

competitive with new firms coming in all the time. It helps us

Competition is stiff in our business and it is getting more be better and stay on our toes. It would not be any fun if we HW: I still sell. It is what I help people do.

had it all. There would be no more mountains to climb.

9fi5th: Do you have any listings yourself ?

9fi5th: In your opinion, what is the definition of luxury or wealth?

HW: No, I do not compete. I help everyone in the firm do what they do.

HW: $1 million is a lot of money, but in NYC, it doesn’t get you much. One-bedrooms sell between $700,000 and $2

9fi5th: What does your typical day look like?

million. We define the high-end at $10 million and above, but there is a lot of room between $700,000 and $10 million.

TOP-END LUXURY AT BROWN HARRIS STEVENS

HW: I spend 85 percent of my time helping brokers negotiate deals, getting listings, showing properties, solving their

9fi5th: What is your favorite neighborhood in the city?

problems, etc. It is much like a sales manager. The other 15 percent I spend with the corporate side of things. We focus

HW: I cannot say that there is one. What has been great in

only on selling real estate and that is one of the reasons we

the 24 years I have been here is to see it all change. Before, it

do so well.

was the Upper East Side, the West Village, parts of the Upper West Side, and that was it. I think the Bronx is going to be a

9fi5th: What makes a Brown Harris Stevens broker

new frontier. It hasn't happened yet. Harlem is done. What

and what sets them apart from others?

is interesting is the traditional Upper East Side east of 2nd Avenue. There are a lot of post-war buildings that offer huge

9fi5th sits down

HW: We are known as the dean of the industry. BHS has

with Hall Wilkie

been around since 1873. We are a full service company, but

to talk personal

we dominate the high-end of the market. Of the big com-

9fi5th: Where do you live and what’s important to you

panies in New York, we are by far the smallest in terms of

in a location?

spaces at a good price.

preferences, New

number of agents with 400 active agents plus our assistants.

York, Miami, and

The two firms that are larger than we are have 3,000 and

HW: I live on 72nd street. My criteria is walking to work and

2,200 agents. We do about 70-80 percent of their business.

walking home. One of the big advantages to living in New

where the market

We are not a training ground and have never focused on

York is the walkability. If I didn’t have that criteria, there are

is headed.

quantity but quality and professionalism in selling real estate.

other neighborhoods I might choose, but it is a 20-minute walk

Last year, we did as much as 80 percent of every high-end

to work, and I love it.

9FI5TH.COM

high energy town. It makes sense for us to be in places that New Yorkers go. We are in the city, the Hamptons, Palm Beach, and Miami. 9fi5th: Do you find that luxury is different in South Florida as opposed to New York? HW: Yes. Some of the most desired real estate in New York is pre-war co-ops up and down 5th Avenue, Park Avenue, and Central Park West. That is not part of what Miami is. It is more about high-rise condos and highservice buildings. 9fi5th: How do you integrate your brokers between New York and Miami? 9fi5th: Do

HALL WILLKIE

you have homes elsewhere?

HW: We are an information and service business, so technology is a huge part about how our industry is changing because of the way we are managing information internally for

HW: I do. I have a farm in Upstate New York. I’m a farmer

agents and for our customers. We have to stay on top of that.

and I go there every weekend. I grow hay, I am an egg pro-

We have more than a handful of agents here in New York who

ducer, I have horses and a few grass-fed cows. I also have a

have homes in Miami. There is a great synergy between the

little house in Santa Barbara, CA. Farming is on the opposite

two markets. There are many referrals and some brokers, if

end of the spectrum. It helps keep me somewhat balanced. I

dual-licensed, can work in both cities.

do not need physical rest. I am not a couch potato; it’s a mental thing. I go out and work with animals or get on a tractor.

9fi5th: Where do you see the next big market for the

That’s the kind of break I need.

firm? What is up and coming?

9fi5th: What are buyers looking for now?

HW: Markets like Aspen make sense for us. We should always build on markets that have a lot of their strength coming from

HW: That is a big question because there are so many differ-

New York.

ent buyers looking for different things. We are a city of users, not investors, unlike some other markets. There is so much

9fi5th: What does that mean for international?

talk about foreign buyers, and that it is definitely a percentage

“We are a city of users, not investors, unlike some other markets. There is so much talk about foreign buyers and that it is definitely a percentage of the market, but the majority of buyers are New Yorkers and the biggest industry is the financial industry.” - Hall Willkie

of the market, but the majority of buyers are New Yorkers,

HW: We are very international. We are the exclusive affiliate

and the biggest industry is the financial industry. Only about

of Christie’s in New York, the Hamptons, and Palm Beach.

35 percent of the city’s housing stock is owned, whereas 65

Christie’s works around the world with an exclusive relation-

percent to 70 percent is made up of rentals. Of the owned

ship with the Brown Harris Stevens of whatever market they

housing stock, about 60 percent to 65 percent is co-ops. That

are in, whether it is London, Paris, or Dubai. We are related

in 1995 when she passed

makes New York very unique. It is a city of personal users.

to all of those firms and do a great deal of marketing together

away. That had been her

These are homes. Even foreign buyers come and buy a home.

and have a strong referral network. We can offer international

home since the White

It may be one of four or six houses, but they are homes. That

exposure to sellers. When we have a high-end property, it

House. One led to another.

is what makes this city so vibrant. It is not a place where

shows up in their brochures around the world.

Selling and buying

people come in and buy ten apartments and ﬂip them. That

homes is emotional; it is

is what saved us in the downturn because of the amount of

9fi5th: What has been one of the most interesting

emotional to have people

equity in residential real estate. I have never dealt with a fore-

listings you have had; the most expensive or most

walk through your home to

closure. It is very rare. That’s big.

incredible?

reject it and in some cases to

9fi5th: Let’s talk about Miami. Why did you want to

HW: We have had many. When I worked in Beverly Hills, I

to buying — it’s not an

go there?

sold the highest price ever paid for a single family house in the

investment, it is one’s home

world in 1982. It was the Dino De Laurentiis House and it

and therefore emotional.

HW: Because it’s warm (laughed). We are excited to have two

sold to Kenny Rogers for $14.2 million. The notoriety builds

There is a lot of hand-

offices there. It is an explosive market. Like New York, it is a

on itself. I had the exclusive on the Jackie Onassis apartment

holding.

criticize it. And with respect

EAST COAST/WINTER 2015

AT HOME

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$4,301,834 Conceptualized by multiaward winning architect WOHA and landscape architect ICN Design International, Goodwood Residences occupies one of the largest plots of freehold land in Prime District 10. It shares a 150m boundary with Goodwood Hill, FEATURES

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Property Type:

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WHAT

$5 MILLION will buy you around the world

schools and prestigious clubs. Living here is equivalent to living in a natural sanctuary, where almost 80% of the land has been set aside for landscaping, and 500 new trees have been planted to create a lush environment. A 160m long tree-lined boulevard will welcome you home in style with the concierge at your disposal; relax by the pool on the 60m by 30m lawn. The clubhouse is well-equipped with facilities such as an entertainment kitchen that is designed by international acclaimed celebrity chef from Singapore, Mr Justin Quek.

9FI5TH.COM

FEATURES Bedrooms: 3 Full Baths: 2 Interior: 2,981.63 square feet Property Type: Apartments/flats Private elevator

b PARIS $4,865,391 This meticulously reno-

sailles-style parquet ﬂooring

vated apartment offering

and a marble fireplace, a

277 square meters of

spacious kitchen with din-

exceptional living space is

ing facilities, a master suite

on the third ﬂoor of a fine

(bathroom, dressing room)

freestone building dating

overlooking Avenue Foch

from the beginning of last

and featuring Versailles-

century. An elegant marble-

style parquet ﬂooring and

tiled entrance hall leads to

a fireplace, a second suite

very spacious and bright

with a bathroom, and a

living/reception room with

third bedroom. The apart-

three windows overlooking

ment is in mint condition

Avenue Foch and features

and is air-conditioned. A

high ceilings, moldings, and

37 square meter 2-room

superb parquet ﬂooring.

apartment on the 6th ﬂoor

The property also includes

enjoying a beautiful view of

a generously proportioned

the Eiffel Tower completes

dining room with Ver-

this exceptional property.

EAST COAST/WINTER 2015

AT HOME

b RIO DE

FEATURES Bedrooms: 6 Full Baths: 4

JANEIRO, BRAZIL $4,641,910

Partial Baths: 1 Interior: 13,670.28 square feet

Surrounded by nature and

Property Type:

spectacular ocean and Pedra

Single Family Home

da Gávea views, this totally

Fireplaces

private 13,670-square-foot

Office

residence has its luxurious

Media Room

amenities divided into: two

Home Theater

entrance halls, living room,

Private Lake

fire place, dining room,

Staff Quarters

media room, two breakfast

Wine Cellar

rooms, powder room, two

Grotto

pen balconies, internal garden, home office, wine cellar, six bedrooms (four with en-suite bathrooms), four full bathrooms, private room, kitchen, eating area, pantry, service area, and two servants’ quarters. The sunfilled 1,27 acres open area features a terrace, lawn, lake, sauna, caretaker’s house, kennel, and a parking lot for up to 20 vehicles.

JAMAICA $4,500,000 Bambu is located at Tama-

well-manicured lawns bor-

rind Hill, which is approxi-

dered by lush tropical ﬂora

mately nine miles west of

containing a wide variety of

Montego Bay International

plants. Originally designed

Airport. The property is

by the distinguished architect

conveniently located only

Robert Hartley in the early

a few minutes drive from

1960s, Bambu is an impres-

Round Hill, Jamaica’s most

sive combination of classic

elegant hotel and five miles

West Indies architecture

from the Tryall Club with

mixed with Italian Venetian

its internationally acclaimed

style and Palladian arches.

18-hole championship golf

Together with the William

course and other facilities.

Paley cottage at Round Hill,

This hill top estate of over

photographs of Bambu

seven acres is superbly sited

appeared in Slim Aaron’s “A

to enjoy magnificent views of

Wonderful Time” in 1974. In

the Caribbean Sea and along

2005 the house was entirely

the coast line to Montego

renovated from top to bottom

Bay. Bambu is set in beauti-

and the newly landscaped

fully landscaped grounds with

gardens completed in 2006.

9FI5TH.COM

FEATURES Bedrooms: 8 Full Baths: 8 Interior: 5,000 square feet Exterior: 6.91 acres Property Type: Single Family Home Waterfront Water View

n the game of luxury high-end real estate, Royce Pinkwater is one woman who has the international community talking. In 2011, while serving as Senior

Vice President at Sotheby’s International Realty, Pinkwater inaugurated

the Global Partnership, an organization that brought together primary players in each of Sotheby’s key markets to give them an edge in worldwide luxury real estate. In 2014, she established her own firm, Pinkwater, a strategic investment advisory, brokerage, and turnkey development company in the global superprime property market. With it, Pinkwater is building upon the success she enjoyed as a result of the Global Partnership and brings together global property experts, international attorneys, tax specialists, architects, and financial analysts to create a one-stop shop for all things luxury. The development of this strong vision has kept her company abreast of and aﬂoat on that often

climate, but the

times mercurial market and left them in touch with

picture there is not

the industry’s top players, lending credence to their

as pretty as the gossip

motto: “When you connect with Select, you connect

would have you believe. “The

with the best.”

market has been struggling because,

Pinkwater and her company stand at the fore-

while certain taxes were voted down, the stamp tax

front of a growing international culture of luxury

went from 5 percent to 12 percent. When a person

investment. As she told us in a sit-down at her fa-

buys a big property, they have to pay a heavy num-

vorite hotel in London, The Connaught, “Within

ber. People are not happy about this and they are

England and the United States, people are becom-

thinking twice.”

ing more and more obsessed with property devel-

Though geared for the global client, Pinkwater

opment and design in addition to blogs dedicated

calls New York City its hometown. Royce’s experi-

to these topics, which are garnering more followers

ence at Sotheby’s prepped her to be a tough player

than celebrity pages.”

in the free-for-all with the Big Apple’s best. Don’t

She hedged her bet that this trend would con-

think so? Look no further than her three current

tinue by creating The Pinkwater Report, a ground-

developments on luxurious 5th Avenue, scenic

breaking multimedia website devoted to trends and

Central Park West, and charming Chelsea. Still

happenings surrounding super-prime property in

not sold? Still think it’s all hype? Consider this:

the world’s more celebrated markets, which means

Royce recently brokered Bruce Willis’s three-bed-

that you can count on Pinkwater to clue you in

room apartment in the Eldorado building at 300

about all luxury on-goings.

Central Park West for $13 million. Expertise and

Take London — many observers assume that the recent elections were a godsend for the real estate

connections like that don’t lie. Seems as though with Pinkwater, the best is yet to come.

“The stamp tax went from 5% to 12%. When a person buys a big property, they have to pay a heavy number. People are not happy about this and they are thinking twice.” - Royce Pinkwater

PINKWATER

FOR THE BE ST Royce Pinkwater connects clients with a super-prime future.

EAST COAST/WINTER 2015

AT HOME

RICHARD KALLABAT

9FI5TH.COM

The world’s largest real estate firm, Keller Williams, knows that the key to stellar deals is a mix of the best agents, training, and information.

ARE THEY HUMAN?

eller Williams has more top-

Located in Brooklyn but want to buy in Florida? Keller Wil-

ranked agents and sales teams than

liams has the connections. But even though the philosophy may

any other real estate firm in the

be very intimate, the firm uses both cutting edge practices and

country. Is it luck? Is it sheer size?

the latest technology to drive sales. One such innovation is a

Is it bioengineering? We decided

mobile app allowing each agent to organize all of their respec-

to get to the bottom of this success

tive properties, and in essence, brand those properties with their

story with Richard Kallabat, CEO

name and face. This has proven to be a wildly popular way for

of Keller Williams. “We analyze each new agent and determine

agents to connect with future buyers. Best of all, Keller Wil-

his or her specialty. Then, we channel it into a superpower that

liams did this long before other firms, and on a massive scale.

drives sales we believe in,” ex-

“College doesn’t teach you

plained Kallabat. But Keller Wil-

how to be an entrepreneur.

liams is about a whole lot more than just a good aptitude test and an excellent recruitment process. The company has a sophisticated culture that nurtures employees with the best training program in the world and offers continued coaching. To top it all off, Keller Williams equips agents will hightech apps that optimize those aptitudes and training programs as well as market data to connect buyers with great properties. Not only does Keller Williams have a lot of very good agents, the brand is all over the country with about 5,000 agents stationed in Florida alone. “Keller Williams

“College doesn't teach you how to be an entrepreneur. Agents are essentially businessminded entrepreneurs who need coaching and guidance on how to maximize their opportunities.” - Richard Kallabat

is the largest real estate franchise on the globe,” said a proud Kalla-

Agents are essentially businessminded

entrepreneurs

who

need coaching and guidance on how to maximize their opportunities,” professed Kallabat, who also promises that admission to Keller Williams is open to anyone who is ready to work hard. The process has actually been so successful that Keller Williams was voted the number one training company in the world by Training magazine. Remember, it is a real estate company, not a business school. “Keller Williams has changed my life. I met my wife here and my passion is driving people to be the best they can be,” said Kallabat. At this point in our chat, we

bat. “We have about 120,000 associates worldwide.” This means

figured that Kallabat had an app on his iPhone that can tell the

their company culture is critically important to delivering a con-

future of real estate. But it turned out that he doesn’t need an

sistent level of service and quality to clients, regardless of loca-

app for that. Kallabat has a penchant for Edgewater himself,

tion. “You need to be able to talk to people with wealth. We train

but he hinted that Golden Beach and Hollywood, Florida, are

our agents to speak in the language of luxury, and that means

on the up. He also reminded us that the company’s recent ex-

that they offer clients time, freedom, and great real estate,” ex-

pansion into China, Belize, and Colombia indicates investment

plained Kallabat. Time is money, money is time.

opportunities abroad. If you are looking for luxury properties

“Keller Williams is essentially a distribution network, a

near or far, this crew may well be your best bet. Their super

country club per se, where we can export a family-style philoso-

agents have all the properties on the market, and a whole lot

phy on a massive scale.”

more off the radar. Time to get connected.

EAST COAST/WINTER 2015

AT HOME

PEOPLE MORTAR

lect properties that have passed a vetting process that often involves years of consultation throughout the development of the property and covers everything from branding and positioning of the building to ﬂoor plans to ceiling heights. “For this level of luxury, we fight very hard to get these ceiling heights because at a certain price point, that is what is expected. We strive to provide developers with real time market in-

Ottley spoke very highly of infrastructure initiatives at the local and state levels that have allowed Florida’s most iconic city to grow upwards and outwards and to connect it with the rest of the state. Tourism, obviously and understandably, is a major part of the local economy but there also seems to be something of a budding Silicon Beach in the works, with a number of tech-based start-ups moving in. “We’re seeing an ever increasing number of HNWI coming from colder climates and signifi-

rom Miami’s dynamism to the laid-back

cantly higher taxed states in the US,” said Ottley.

vibe of nearby Fort Lauderdale, develop-

Even larger financial institutions are taking no-

ers are currently bringing an ever more

tice, whereby the tax savings and having a local ad-

global perspective to the South Florida

dress in South Florida often equate to the purchase

skyline, incorporating designs inspired from all over

of a waterfront home. “It is more than the view,”

the globe, and Jesse Ottley, President of Develop-

said Ottley. “Miami is now well-positioned on the

ment Sales for Cervera Real Estate, has seen that

global stage of arts and culture with the incredible

inspiration leveraged into a more global client base

success of Art Basel, not to mention the PAM and

in the market.

the soon-to-be-opened Frost Museum of Science.”

“We used to accommodate clients from South

In Miami proper, he sees Edgewater, Brickell

America and Europe predominantly, but we have

and the Entertainment District really taking off.

recently seen an influx of interest from the North-

But he is also keeping his eye on Fort Lauderdale,

east and Asia. One of the beauties of living in South

which he described rather grinningly as, “a boat-

Florida is that you get used to dealing with different

er’s paradise, the Venice of the Americas.” He was

cultures, and these

also genuinely appreciative of the opportunity to

different cultures all

work in such a dynamic market for a company with

have their specific

such a sterling reputation.

“In New York, your balcony may not be that important, but if you are coming down to enjoy this climate, outdoor space is critical.” - Jesse Ottley

9FI5TH.COM

is why Cervera chooses to broker only the most se-

in the right location, at the right timing in the cycle.”

human touch to the Florida real estate scene.

to enjoy this climate, outdoor space is critical.” That

telligence that allows them to build the right product,

Well-established local player Cervera brings a

not be that important, but if you are coming down

nuances to which

Cervera Real Estate has long been an active

you have to be sen-

player in the South Florida real estate market. A

sitive in the world

family-owned multilingual enterprise, Cervera has

of real estate.”

a robust history of delivering client-focused sales

It is quality of

and marketing strategies to buyers and develop-

life that brings ev-

ers from all over the world. With the founder and

eryone to South

principal’s grandchildren now in the business,

Florida, and tugs at

clients can feel at home in dealing with an estab-

them to keep them there – the bountiful sunlight, the

lished brand founded on practices and principles

palm trees, the powdery sand, all within walking dis-

of the utmost integrity. “At the end of the day,”

tance of boutique storefronts and the world’s most

said Ottley, “real estate is a very personal decision

recognizable brands. “Cervera is about properties

that comes with a lot of emotion, and the human

that engage the client with their natural surround-

element is very important. In a world of brick and

ings,” said Ottley. “In New York, your balcony may

mortar, it’s the people who matter.”

BISCAYNE BEACH PENTHOUSE ARTIST CONCEPTUAL RENDERING

THE OCEAN SKY BEACH

ARTIST CONCEPTUAL RENDERING

EAST COAST/WINTER 2015

INSIDE

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 designers and furniture specialists we have lined up.

9FI5TH.COM

PARIS FORINO DESIGN

THE RISE OF DKOR Ivonne Ronderos talks a lifelong passion for design and the journey that led to DKOR Interiors.

DKOR INTERIORS

elve back 12 years

pieces. “You have to be very efﬁcient,” she explained, say-

into the past and you

ing that a focus on time lends to great work within a short

would have the chance to

amount of, you guessed it, time. There’s certainly no dilly

see how it all started: with

dallying at DKOR.

duvet covers at high-end

“We design using empathy,” Ronderos explained further.

furniture stores. Pleased

By focusing on building relationships, a mood of openness is

with the service provided,

fostered, which allows a certain level of intimacy. “We had one

customers began asking if

client who just wanted her ofﬁce to feel like home,” she said.

Ivonne Ronderos would be

So, through their often very personal interview process, the

willing to do a little more.

team familiarized

“It happened very organi-

itself with every

cally with people asking,

aspect of the client’s

‘Oh can you do this, can

home life, thus

you do that as well?’” With

ensuring that the

the business just up and

designs would mesh

running, it was impossible to pass up the opportunities. “We

perfectly with the

went from decorating to interior design,” Ronderos shared.

lifestyle they were

And so, with a lot of hard work, the name DKOR Interiors

looking to achieve.

cemented itself in the annals of interior design as a reputable

That kind of at-

THE TEAM

tention to relation-

name with a focus on service.

ships is also evident

“We feel that interior design should be seen as a service rather than an art form.” The reason she gave us for rejecting

back at the office. “At DKOR, we’ve developed a culture that

the “art” label is that art, as an expression of the self, doesn’t

feels fresh and fun,” she explained. Teams engage in healthy

always serve the needs of the customer. “I’m not the one who

competitions to come up with inspired ideas. And never one

will live there. I need to make sure it works after I leave.” And

to take all the credit for herself, Ronderos continuously places

to that end, the DKOR team spends a great deal of energy

paramount importance on the lack of “I” within team. The

making sure to understand what clients want and, more im-

ﬁrm is a full-fledged team operation — think the classic “links

portantly, what they need.

within a chain.”

One of the things clients often need is efﬁciency. Unlike

With a friendly work environment and great customer rela-

much of the competition, DKOR Interiors insists on being

tionships, it’s no surprise that she is, “still as passionate about

billed by the hour rather than seeking commissions on the

DKOR today as I was when it first started.”

EAST COAST/WINTER 2015

INSIDE INSIDE

INTELLIGENT

INTERIOR

DESIGN Ligne Roset is a glamorous extension of your inner self in the comfort of your own home.

9FI5TH.COM

LIGNE ROSET DESIGNS

L ori Bruno’s made herself right at home with the

Ligne Roset brand. Walk into her New York or Miami showrooms and

you will be treated to her home(s) away from home – fresh, elegant, and inviting. An interior designer by trade, Bruno has always had a passion for furniture and had previously owned two different multi-lined

delphia before joining the Ligne Roset clan. She currently

Within the country, the sales are split equally

modern/contemporary

oversees two showrooms in New York and one in Miami.

between end-users and trade clients, namely design-

furniture stores in Phila-

Bruno sees herself as the creative brains of her stores

ers and architects. The contract division, which

– “Chief Visionary Ofﬁcer,” in her own words. Her

was highly successful in Europe, is new to the US,

input drives the selection of furniture that is of-

and allows the brand to collaborate directly with

fered, and she picks out themes for each of her stores and assembles the look. Presently, there is a Moroccan theme to the SoHo showroom that showcases some of Ligne Roset’s best-

developers and realtors. Past projects in New York include One Museum Mile, SoHo Mews, and various restaurants. And furnishing your home at Bruno’s stores will

sellers, and a mid-century modern theme in

earn you an ‘Eat Pray Love’ experience to discover

the Park Avenue store highlighting designer

your true self. To Bruno, a home is an extension of

Pierre Paulin.

the owner’s personality, and her mission is to help ﬁgure out what her clients are like so that they can feel at ease in the spaces they conceive. Requests range from loud hues – think lime green, purple, and fuchsia in a single sectional – to neutral, calm palettes. What’s in vogue: grey furniture, mid-century modern looks, and convertible pieces. Keep your eyes peeled for a lot more of the brand’s touches in hotel and residential developments in the city. Also, get ready to clink those champagne glasses at glitzy events – one of which will feature the designer behind the Toa Chair, a brand new piece that was inspired by origami and unveiled earlier in Cologne. Needless to say, Bruno’s home is decked in Ligne Roset pieces (could it really have been otherwise?) and ironically, she once swore she would never own an interiors store. What else does Bruno accomplish aside from gorgeous interiors? When the avid Ligne Roset loyalist is not selling furniture, she can be found riding horses or aspiring to be the next Picasso.

EAST COAST/WINTER 2015

INSIDE

PARIS FORINO:

BEAUTY, WARMTH, FEMININITY An inside look into the makings of one of New York’s hottest full service high-end interior design firms.

CHIC AND TIMELESS

rom decorating a two-room apartment to providing lavish designs for a 125-unit luxury condominium on the Upper East Side, Paris Forino has truly made great strides since moving to New York from Australia in 2003. A quick head count of her

team would reveal a well-picked group of 10, but that number is set to continue expanding as more and more projects are delivered right to her doorstep. So, what if we were delivered to her doorstep? Forino described what we would ﬁnd. “It’s just a small place with one bedroom, but it’s nice.” That sounds convincingly modest for someone working on no less than two previous-edition projects (204 Forsyth & 50 Clinton for those of you counting). Perhaps success has given her very little time to pursue her own dream home. And what of her dream home? Forino praised the intricate brickwork, large windows, and ceiling heights of pre-war architecture — all elements she would like to have in her own revery cum reality.

PARIS FORINO DESIGNS

9FI5TH.COM

Finding inspiration in the past is one of the aspects of Forino’s work. “The real estate landscape, as it is in New York

currently, is a meld between the past and the modern,” she explained. Informed by historical detail, Forino adroitly makes use of herringbone floors, crown and base moldings, and light-colored materials. “We use a lot of stone and some woods. Brass has popped up as one of the more popular metals today.” Besides the melding of traditional styles, what exactly is it that gives Paris Forino Interior Design its signature appeal? “I think there is a warmth, a femininity, and a softness to what we do,” she said. That’s not to say that all their designs are uniform. “People uptown like things

“WE USE A LOT OF STONE AND SOME WOODS. BRASS HAS POPPED UP AS ONE OF THE MORE POPULAR METALS TODAY.” - PARIS FORINO

to be a bit more traditional; they like the romance of pre-war buildings. Downtown is more edgy and youthful.” Forino is willing to take her brand to different locations, tailoring her style to ﬁt them all, and she’s not bound to a single city alone. Luckily though, you would know a Paris Forino design when you saw one. Through the connection of her beloved broker and fellow foreign import, Fredrik Eklund, Forino took advantage of an opportunity to work outside of New York. “All the units were sold out within two weeks,” she said of her condominium project in Sweden’s capital, Stockholm. We might have previously wondered what the two cities have had in common besides long cold winters, but we know now that they both share a deep appreciation for Forino’s designs.

BRASS ACCENTS

EAST COAST/WINTER 2015

“SURROUND YOURSELF WITH THE BEST IN THE FIELD AND EVERYTHING ELSE WILL FALL INTO PLACE.” - REGINA BILOTTA

INSIDE INSIDE

Thinking back to the day when their father, Jim Bilotta, Senior, launched the business, Regina recalled with a smile: “He started as a carpenter and builder of suburban homes, and with his kids, grew it into an international brand in three locations with

combined showroom space of 10,000 square feet.” The Bilotta siblings, each with their own backgrounds and strengths and a common belief in family and hard work, turned the kitchen cabinet business into a, “purveyor of lifestyles for the heart of the home.” Since 1985, Bilotta has set a high standard of performance for its employees. “Surround yourself with the best in the ﬁeld and everything else will fall into place,” said Regina. Bilotta’s broad product range is reflected in a wide variety of styles and budgets. Their own unique line of cabinetry, Bilotta, handmade with exquisite detailing, is an industry favorite. Along with kitchens, the brand also designs and installs bathrooms, libraries, wine cellars, and even a few inhome hair salons and doggie baths! By 2015, Bilotta’s reputation found the ﬁrm installing luxury kitchens in a custom home development at The Peak in Hong Kong, ocean front estates in Bermuda, and 82 stories into the clouds at 30 Park Pace in lower Manhattan with 157 kitchens. Slated for 2016 is a 56-unit luxury condo development in Bronxville, NY. Bilotta’s partnerships with other industry leaders have helped fuel a constant drive for design research and development, to meet the growing needs of their clients as well as Bilotta’s own demand to remain on the cutting edge. Pains-

BILOTTA KITCHEN

B AFFAIR a family

takingly made by artisans in a Pennsylvania custom cabinetry shop, new door designs, detailed with polished nickel and introduced in 2014, will soon be followed by their own hardilotta Kitchens

ware line crafted in Connecticut. “We are more than a luxury brand of products,” said Re-

recently

gina. “We also are a luxury service, and our team’s design and

celebrated

execution must meet the highest level of expectations. Our

its 30th

reputation is built on trust — we trust each other and our part-

anniversary, and Jim,

ners and in turn garner the trust of our clients. Our reward is

Maria, and Regina Bilotta

creating kitchens for three generations of the same families.”

At Bilotta, to guarantee gorgeous

are still as hands-on as their

kitchens, a trio of siblings is hands-on

dad was when the ﬁrm ﬁrst

function perfectly for the user. Every kitchen tells a differ-

started. “A 30th anniversary

ent story about who lives in the home and how it is used.

is a good time to reflect on

Whether the project calls for a high-gloss lacquer with exotic

who we are and what has

veneers or hand-rubbed grainy oak with stains; contempo-

made us successful so we

rary or traditional design; a $25,000 budget or a $225,000

can continue to capital-

budget; it starts with thinking big and imagining everything

ize on our strengths and

you want in this kitchen because it will become the heart of

talents,” said Regina.

your home.”

at every level of their family-run firm.

9FI5TH.COM

A kitchen, Regina believes, “has to look beautiful and

HOME WITH YOU IN DAYS

t’s the moment

the services of the self-described industry revolutionaries,

you’ve hardly had

The Moinian Group’s W Downtown ranks up there as one of

to wait for. Yes,

Galiana’s favorites. It’s particularly memorable for him since

in as little as 72

the project’s starting point coincided with his move to New

hours or less, TUI

York four years ago. More recently, TUI has started working on

Lifestyle promises to bring

another Moinian project called Sky, a luxury rental residential

empty spaces to full func-

building in Midtown West, to help create a perfect cosmopolitan

tionality, complemented by

lifestyle experience. Other projects include GAIA Real Estate

sleek contemporary designs.

Development’s new “9/52” building in Hell’s Kitchen. “We

“We do everything from

consider these to be very exciting opportunities,” said Galiana.

“accessories to zebra print

A lot of TUI Lifestyle’s business comes from the owner side

rugs,” said Erik Galiana,

of residential real estate investment. He suggested that, for as

TUI’s Regional Director.

little as $13,000, TUI’s furnishing magic is the ideal furnished

“What we do is completely

rental solution. That’s not an exaggeration, since the speed

turnkey. The client doesn’t

with which they can create an enticing living space often leaves

even have to open a box.

customers in awe. “We often get that ‘OMG’ moment when a

Artwork is hung, tables are

client ﬁrst walks into their new home or investment.” But does

set, and beds are made with

the ease of working with preset designs represent a limitation

Frette linens and ironed

in individuality, a quality often sought-out by New York City

in place by TUI Lifestyle

residents? Galiana assured us that this is not the case. “We’d

staff.” With that kind of

like to think we offer the client the perfect canvas on which to

convenience, it’s easy to see

build,” he explained while listing family photos and artwork

how appealing their com-

picked up from vacations as objects residents use to personal-

and invites us into the world of

plete collection has become

ize their living spaces. And if that was not enough, prospective

turnkey design and furnishing.

among residential clients,

clients have over 11 unique collections to pick and choose from

real estate developers, and

with names ranging from Marquis to Metropolitan and Haus.

investment buyers.

These collections can then be mixed and matched to create the

TUI PRANICH unlocks the door

From the many clients who have come to enlist

TUI DESIGNS TO FIT TIME AND BUDGET

ideal situation for each client. “What we have done is brought the idea of convenience to the world of Interior Design.”

EAST COAST/WINTER 2015

INSIDE

trend:

LIVING

BIG

IN A SMALL SPACE

EFFICIENT DESIGNS ...

ALRO CASA helps furnish small spaces in a New York minute.

everal factors are making

place to eat, sleep, and regroup along with ready

small apartments one

access to restaurants, grocery stores, shops, bars,

of the hottest trends

parks, museums, and music, they’re also conve-

in big-city living,” said

nient as work-week crash pads for professionals

Alena De Ploti, designer

with long commutes or those who have relocated

and principal of ALRO

for extended but temporary assignments. They at-

CASA. The company offers a full range of

tract adults who prefer the dynamics of city living

services for real estate developers and architects

and seniors who are seeking ways to streamline

as an Italian mode Atelier from space planning to

their lifestyle.

delivering Italian products. In large cities, the demand for small-scale apartments far outstrips the number of units

location, amenities, among other factors. “Do

available. Data from 2014 indicates that roughly

you really want to think about moving your old

1.3 million New York City apartments were clas-

furniture or purchasing new furniture?” pondered

siﬁed as “efficiencies” — studios or one-bedroom

De Ploti. “Buying a furnished apartment is a wise

spaces. Meanwhile, close to 2 million individuals

decision because it is often less expensive and less

were seeking such accommodations.

stressful. Plus, if you have the type of job that

Popular with young professionals who want a

9FI5TH.COM

When you are considering buying an apartment, you have a lot of things to consider:

requires you to travel or move frequently, your

TO MAXIMIZE ...

best solution may be to ﬁnd furnished apartments wherever you live so you do not have to move all your things wherever your job takes you.” Recently, Alena ﬁnished designs on a onebedroom loft-style apartment located at a prestigious Fifth Avenue Co-op. The apartment was gut-renovated. The owner had done a, “beautiful construction job, but it needed something else to create the perfect balance of style and reality.” She furnished it with an exclusive assembly of

SPACE AND COMFORT

exquisite Italian cabinetry, furnishings, eclectic accessories, and modern art. The double height Italian Rossetto chef ’s kitchen received sleek white lacquer cabinets with one-touch LED lighting, Bertazzoni appliances, and a dual Liebherr refrigerator and freezer. With an expansive living room with ﬁreplace and dining room area, this one-bedroom apartment

fall in love with the unit. “It’s already become a casual thing to furnish a

changes in technology, lifestyle, and economy, one day, completely furnished apartments will be

model apartment for any new development proj-

offered by default.” This means faster sales for

ect in New York City,” said real estate developer

brokers and greater proﬁts for developers. Sounds

Joseph Klaynberg, “and I’m sure, with the newest

like a good deal for all.

also has a decorated sleeping loft. The spa-like bathroom offers double sinks, custom storage space, Swarovski crystal accents, and a flatscreen TV. With ceiling heights of over 11 feet and

“BUYING A FURNISHED

YOUR BEST SOLUTION

APARTMENT IS A WISE

MAY BE TO FIND FUR-

ALRO CASA is acting as a connective tissue

DECISION BECAUSE IT IS

NISHED

between real estate developers and homebuyers.

OFTEN LESS EXPENSIVE

WHEREVER YOU LIVE SO

AND

STRESSFUL.

YOU DO NOT HAVE TO

are no longer good enough to sell the unit, which

PLUS, IF YOU HAVE THE

MOVE ALL YOUR THINGS

is where ALRO CASA comes in to quickly trans-

TYPE OF JOB THAT REQUIRES YOU

WHEREVER YOUR JOB TAKES YOU.”

form the average into clean luxury, making buyers

TO TRAVEL OR MOVE FREQUENTLY,

- ALENA DE PLOTI

south-facing views, there’s no shortage of light throughout the day.

Today’s luxury buyer has high expectations and plenty of listings to choose from. Empty spaces

LESS

APARTMENTS

EAST COAST/WINTER 2015

TOOLS OF THE TRADE

TOOLS OF THE TRADE BEEN THINKING ABOUT retiling your spa bathroom? Well, we have the the provider and the conductor all lined up for you. More importantly, we show you how to let technology take care of your every whim and fancy. Keep flipping.

9FI5TH.COM

TREND GROUP MOSAIC

ENTERTAINMENT POWERED BY CRESTRON AUTOMATION

DON’T SEE IT?

BELIEVE IT

or ‘convenient.’ Those aren’t words by which he would like his company described. “Our competition wants to call their products easy to use, but we’re not easy. We’re enjoyable.” There’s an important distinction being made here between what one might consider a run-of-the-mill lighting fixture provider and the self-titled Ultimate Luxury Lifestyle.

Crestron believes that if you can’t

“WHEN YOU WANT TO BUY A CAR,

And it is more than repackaging a similar

should you be expected

product or a profes-

see it, they’ve

to go from store to store

sional façade that sets

done their job.

picking up different

them apart. Klein

parts made from dif-

showed us an example

ferent companies? Why

of what a Crestron

should it be any different for your home?” is how Randy

system might look like

Klein, CEO of Crestron, illustrated the importance of

within a home. Visual-

integration. Klein doesn’t like buzzwords such as ‘easy’

ly, we couldn’t find any

C Crestron can control your every whim through the touch of a button

EAST COAST/WINTER 2015

TOOLS OF THE TRADE

TAKING CARE OF YOUR EVERY AUTOMATED NEED

“When you want to buy a car, should you be expected to go from store to store picking up different parts made from different companies? Why should it be any different for your home?” - Randy Klein

indication of its existence. That was

step inside your home. From preferred temperature and light settings to

the point — the “Ah-ha!” moment

television channels, it’s all at your... well, you don’t even need to use your

of realizing that most of the time,

fingertips. “Everything you want to do,” Klein promised, “is automated.”

we don’t want to be reminded of the presence of technology. We simply want it to be seamlessly integrated

be done by hand, but not everyone can be expected to be home all year

into what we do and how we live.

round to take care of their aquatic friends. Enter Crestron. “We had one

So, how does it work then?

customer who had these aggressive carnivorous fish, who only snacked on

Crestron showed us a piece of tech-

goldfish. So, not only did we create an automated system that regulated

nology called “proximity detection

the PH levels of the water and the temperature, there was also a tank on

beacons,” which can be simplified to

the other side of the wall that kept goldfish, which were then automatically

“little things that know when you’re there.” This allows connected systems installed to adjust the settings to your preferences automatically once you

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If there is a challenge, Klein promises, “Crestron will find a solution.” Take, for example, a fish tank. Fish can take a lot of maintenance. This can

released to the main tank.” This ingenuity makes Crestron’s competitors look like goldfish in comparison.

READY TO ENTERTAIN?

EAST COAST/WINTER 2015

TOOLS OF THE TRADE

STRONG AS STONE We walked and talked with Jonathan Zanger about the under-workings of longstanding luxury tile company Walker Zanger.

e were completely impressed as we took a gander at Walker Zanger’s line of tiles. As we gazed from one expert design to the next, from petrified wood tiles to slabs made from jewelry-grade precious stones, it was easy to get lost in a maze of possibility and beauty. We asked ourselves, “What could we create with all of this?”

The son of the company’s founder, Jonathan Zanger has a great perspective on the history

of tile and how the industry has changed over time. “20 years ago, I loved contemporary style, but I couldn’t sell it to America,” he said. “Today, the market has shifted and is favoring a more modern vision as opposed to say, classic or Mediterranean.” Indeed, the evolution of the tile industry has even begun to demand that old designs be updated to make them more palatable to newfound contemporary leanings. One way to ensure that a tile line is well-received is to collaborate with other designers or architects. “For the longest time, we were designing all of our products in house,” said Zanger. This all changed a few years ago when they discovered highly talented individuals to work with; one such talent was New York’s renowned architect Robert A.M. Stern. “The prospect of working with Robert Stern was immediately enticing to us,” he stated simply, noting the advantages of Stern’s star power. But as there are in many new forays, the journey wasn’t all a gold tile road. “Ceramics is a science much like baking or cooking. When you change the temperature, something happens,” he explained. “When you combine that intricacy with the artisanal aspect, things become difficult and time consuming.” This meant that pushing the envelope (something Robert Stern is famous for) wouldn’t be as simple a process as changing a dye or cutting a new shape. “It’s not one glaze fits all — all the pressing and glazing is done by hand.” However, the laborious end result of their collaboration is currently being praised as highly stylized, recognizable, and most importantly, successful. Zanger also spoke of the possibility of branching out and moving in different directions as, “there is a great amount of room for growth in tile and stone.” And if the time comes, he’d be interested to entertain the idea of bringing out a line of complementary furnishings working with a manufacturer that shares their values and terms of quality. Zanger also spoke of the possibility of branching out and moving in different directions as, “there is a great amount of room for growth in tile and stone.” And if the time comes, he’d be interested to entertain the idea of bringing out a line of complementary furnishings working with a manufacturer that shares their values and terms of quality.

9FI5TH.COM

WALKER ZANGER TILE

TRIBECA PENTHOUSE

ST RA I GH T TA L K

If you talk, Sason Builders will listen. Just as importantly, they will tell you how long and how much your dream will run you, the first time you ask.

wo industry

The company is licensed, insured, and bondable, so

veterans have

clients’ properties are protected from financial risk. “We are

joined forces

partnered with Magna, a financial investment firm owned by

with a vision

Joshua Sason,” clarified Weidner. Magna creates companies

to do luxury homes right.

and makes direct investments across their three divisions: Eq-

From start to finish, end to

uities, Ventures, and Entertainment. Sason Builders is part of

end. Principal, Yosi Sason,

Magna’s Ventures portfolio, which affords certain operational

and Director of Business

advantages that set it apart from other contractors, including

Development, Bill Weidner, have the combined expertise

a dedicated marketing team, strategic acumen, and the back

of decades in construction, general contracting, real estate

office operations of an investment firm.

brokerage, appraisal, and mortgage finance. What does that

At Joshua’s TriBeCa penthouse, Sason Builders created

mean for the client? “Yosi is like a conductor when he is on

custom millwork and Venetian plaster around, while dedi-

the construction site; he can see the completed project in

cated team Sason and Weidner were on the site and on the

3D,” said Weidner. Sason Builders are happy to take on all of

phone day and night. If anything looked off, these guys knew

your headaches so that you can sleep easily at night. As part

it and they knew whom to call to fix it.

of that, they do a tremendous amount of research to create

If you are wondering about prices, they, “are competi-

relationships with subcontractors who will respect the client’s

tive and can range from between $275 and $450 per square

environment since, “this is someone’s home, not a job site.”

foot for a gut renovation.” Estimates depend on the finishes,

With years of experience, they can clear all of the contrac-

but you can be sure that no corners are cut. Period. “Yosi

tual and regulatory hurdles before you lose a moment’s sleep. Best of all, if you want custom millwork or bespoke touches, they will make a phone call, and it is as good as done. “Yosi knows how to do it all, but he also knows who to call to get it done better and faster than anyone else,” explained Weidner. In fact, the company was conceived when Yosi’s son, Joshua, pulled him out of semi-retirement to redo his penthouse when there was no one else in New York who could do it right.

and I are very hands on,”

“Yosi knows how to do it all, but he also knows who to call to get it done better and faster than anyone else.” - Bill Weidner

promised Weidner. So, if you want your dream wrapped in fine finishes and not a bag of ice for your migraine, you may want to take a look at Sason’s portfolio.

EAST COAST/WINTER 2015

INTRICATE ARTISTRY

9FI5TH.COM

Trending FAST and SLOW

THE TREND GROUP MAKES MAGIC WITH THEIR MOSAIC, MARBLE, AND DECORATIVE GLASS — BE IT IN YOUR KITCHEN OR AT THE VATICAN.

HEINZ MACK SCULPTURE

uch of the world’s most

and mosaics for the world’s largest clock tower in the Holy

powerful architectural

City of Mecca, the Golden Pagoda in Thailand, and even

statements are adorned

for the Vatican.

with mosaic, marble, glass.

lize these superb materials. The company does both large-

The production of these

scale commercial work as well as very popular 12-hour

constituents has been

kitchen and bathroom renovations. “Our North American

mastered over genera-

franchise makes an average of 25,000 private kitchens per

tions and revamped by

year,” explained Di Giuseppe, attesting to the scale of the

one of today’s premier

demand. These kitchen services cost between $5,000 and

producers, Trend Group. We had the pleasure of getting

$15,000 while bathrooms tend to be priced from $10,000

the story and the company’s mission from its CEO, Andrea

to $15,000. The service is understandably sought after,

Di Giuseppe.

given that Trend Group offers tiles straight out of their

and

9FI5TH.COM

Trend Group offers two very different services that uti-

decorative

“Our first project was a contribution to the Sagrada

Angelo Orsoni furnace in Venice and can get the job done

Família; it was quite a way to begin,” started Di Giuseppe.

in 12 hours. This is the same furnace that has produced for

But that was just an indication of what was to come, and

some of the world’s most respected buildings and a num-

today, the Trend Group’s portfolio includes designs, tiles,

ber of very high-brow artistic and architectural works. No

GLISTENING WITH A VENETIAN BACKDROP EAST COAST/WINTER 2015

wonder they make for impressive private bathrooms. However, we had the option to delve a little deeper into their commercial and large-scale work. “The most challenging project we have ever done is the clock tower at Mecca,” said Di Giuseppe. The year-long, ground-up project in the holy city was a superlative but hardly the only one they had on the burners. Trend Group works with hotels, museums, restaurants, cathedrals… you name it and they have done it. The range of styles? Equally broad. There is the cosmopolitan bravado of the Hotel Urban in Madrid, Spain, where the public spaces of this five-star hotel drip with Aureo and Vitreo tiles. For something a bit more scholarly, there are the mosaics in the foyer of the Auditorium at the Louvre Lens. These floral patterns feature small mosaic tiles in a pattern designed specifically for this project by Yayoi Kusama. Much of the beauty of these tiles is thanks to aforementioned Angelo Orsoni furnace in Venice, which affords Trend Group the ability to offer old-world craft and high-tech agglomerate manufacturing from their plant in Sebring, Florida. “At our furnace in Venice, we can create about 7,000 different colors,” explained Di

GOLD PATTERNS

Giuseppe. He is referring to a whole range of gold-leaf tiles. If you were

“Our first project was a contribution to the Sagrada Família; it was quite a way to begin.” –Andrea Di Giuseppe 24 KARAT

9FI5TH.COM

lucky enough to tour Venice during the 2014 biennial, you may have seen The Sky Over Nine Towers in the church square on the island of San Giorgio Maggiore. The sculpture, by artist Heinz Mack, makes a convincing case for the power of the column, but it is the gold tiles by Trend Group that truly catch the eye. “When Heinz Mack contacted us about the gold tiles, he wanted to see how each and every gold tile that we produce looks during different times of the day,” commented Di Giuseppe. Given such beautiful work with gold tiles, it is possible to outfit a bathroom, or something a whole lot larger, in gold. “We are not allowed to talk about some of the work we do, we have even been ordered to destroy some of the plans,” Di Giuseppe confessed. He did hint at the fact that many of these top-secret projects involve very big names and massive shipments of 24-karat-gold tiles. The price per square-foot can be upwards of $600 for these high-grade tiles. But

BLENDING SEAMLESSLY

the possibilities are not limited to glittering gold. Trend Group’s mosaic artists can conceptualize designs featuring complete images, in both residential and commercial spaces. Take the recent project at the Kingdom Of Beauty salon, with 1,000 square meters of white Carrara marble, and L’Oréal calendar images and photographs in mosaic form. The effect is a

ANGELO ORSONI FURNACE

mesmerizing testament to quality. Managing a global operation like this requires vision and a cohesive mission to align the headquarters

“Trend Group can

in Miami, USA and regional offices

design mosaic out

throughout the United Kingdom, the United States, and Australasia. “We built a massive factory here in Florida

HANDMADE DESIGNS

of any fabric or

(the biggest in the group), investing around $25 million to allow us to

part of this innovation, the Trend

its craft. “Being environmentally

bring the know-how from Italy to the

Group is committed to sustain-

aware has always been a part of

USA,” said Di Giuseppe. “Our aim is

ability through efficient processes

our ethos, even in the old days.”

to serve each area with our signature

and the use of post-consumer

Trend Group turns out to be aptly

work and that means blending history

recycled materials while also en-

named, both in enduring rel-

and innovation,” he continued. As

suring the continued mastery of

evance and continued innovation.

image you provide. Want to see old pooch in stone? They can help. EAST COAST/WINTER 2015

AFTER

5 WITH CORIGIN’S EDWARD BAQUERO

9FI5TH.COM

EDWARD BAQUERO

Busy with multiple properties under construction and several in the pipeline, Baquero still manages to find some mind-space and time for family. We sat down with him over a cup of tea and discussed his personal favorites, from best travel destinations to last meals. As President of Corigin Real Estate

9fi5th: Where is your favorite place to

the top of Mount Kilimanjaro in Tanzania, Africa,

Group, Edward Baquero is responsible

travel, or most mind-clearing?

which I hiked with 12 good friends. When we were

for the day-to-day operations and the de-

EB: Ibiza, hands down. I love the beach, and I love

at about 20,000 feet and summiting, the sun was

velopment activities of the company. He

good food and music. It’s where I find personal

coming up between the glaciers and well above the

has more than 20 years of real estate in-

mind-space and really get to relax with my family

cloud level. The guides timed it perfectly. It was

vestment and development experience,

and friends. I love traveling and discovering new

just beyond belief. It was a sunrise, not a sunset, but

and currently oversees several projects

places, but to me, Ibiza is very special.

somehow, it had the same effect on all of us. Not a dry eye amongst us.

between New York and South Florida. 9fi5th: We heard you like to ride your bike 9fi5th: At what time does your day start?

around the city?

9fi5th: Was that the most exciting adven-

Edward Baquero: I typically wake up by

EB: I do. I recently purchased by dream bike

ture of your life?

6:30am. When I am working, I am driven to

and spend as much time as I can riding — no

EB: That might be it. I am not a thrill seeker,

work as many hours as I possibly can. It sounds a

phones, no emails. It clears my head and keeps

but I like adventure a lot. Last year, I did

bit crazy, but I really love what I do.

me in shape. Learning about neighborhoods and

my first triathlon (it was on the priority list),

new up-and-coming areas is great by bicycle.

and that was pretty exciting to accomplish. I

9fi5th: How do you turn it oﬀ when you

The West Side along the river is usually my

wouldn’t risk my life, but I will definitely take it

leave the oﬀice?

routine. The GW Bridge to Battery Park and

to the edge, albeit carefully.

EB: I work 99% of the time, but when I discon-

back is 20 miles, and I will do that just to knock

nect, I really disconnect. Work then becomes

out about an hour. I do some long rides as well

9fi5th: What do your kids think of this?

the last thing I talk about. On weekends, I

between 75 and 100 miles, which is an extraordi-

EB: They enjoy it, I think. I want to be an example

spend time with my wife and our two sons usu-

nary experience.

to them, showing them you can do anything that inspires you. When I do these types of trips, they

ally at their sports games or enjoying some family time. It becomes about them and not work.

9fi5th: What about your boys? What do you

track me on GPS and send me texts along the way.

To really turn it off, I like spending time with

do with them?

It’s great. I cannot even imagine that I am 48. I still

good friends and family, preferably near the

EB: I try to get them to do things that I enjoy,

think I am 19.

beach or mountains — pretty much anything

but at the same time, I try to do things that they

involving nature or the outdoors.

enjoy. They are into video games lately and I

9fi5th: If someone were to write a biogra-

am not, so I try to ask questions about it and

phy about your life, what would the

9fi5th: What is the pit and the peak

understand it. We play tennis and golf as a fam-

title be?

of your day, the favorite and least

ily. We all like to read. I am currently reading the

EB: That’s an interesting question I have never

favorite part?

same book with my eldest son, Sebastian — Elon

heard. Perhaps “All Out” or something like that.

EB: I don’t think I have a least favorite part of the

Musk’s biography. Sharing a book with your son

I empty the tank in almost everything I do. Even

day. From the moment my eyes open, my mind is

and then discussing it along the way is a pretty

when I fail. It’s just who I am.

on the go.

cool feeling. It’s hard to put into words. Julian loves soccer and music, so watching games and

9fi5th: What book has been most influen-

9fi5th: Were you like this as a kid?

playing with him brings me back to my child-

tial for you in your career or life?

EB: I was always the responsible son… or

hood. We also have this thing we do at the end

EB: Everything I read is either a biography or

perhaps I was just good at not getting caught. I

of each day when we are on vacation — man-

something historical and non-fiction. I like to

was raised in an amazing family setting and in-

datory sunset watching. We have been doing it

read about politics, philosophy, space, architec-

credibly blessed with a great father and mother

since they were little and it’s a habit now. It’s

ture, and about business leaders. I’m reading

who have now been married for 50 years. I

extraordinary, watching the same sun, yet each

another biography currently on Lord Norman

have two brothers, and I was the middle child,

setting is so very different. It’s like watching a

Foster from London. Happens to be a highly

which might explain a few things. I was very

silent symphony orchestrated by nature.

regarded architect I am working with on an important project.

entrepreneurial as a kid. I was the one with the lemonade stand, except I had half the neigh-

9fi5th: That’s very poetic. What have been

borhood working for me for a cut of the profits.

the best sunsets you’ve seen?

9fi5th: Is that because you want to model

All kidding aside, I’ve always worked and have

EB: I’ve seen some good ones from the Swiss Alps

your own success and see what other

had a job since I was 13 years old. I started in

in a hot air balloon, which was spectacular. You

people have been doing?

real estate by the age of 19 with a good friend

could see the curvature of the Earth from there. I

EB: Many things move me; I pretty much follow

and haven’t been able to stop since.

have to say though, I had one great sunrise from

my instincts and lessons learned from experi-

EAST COAST/WINTER 2015

ence. I do like to compare notes occasionally and perform sanity checks. I find inspiration in reading biographies and understanding people and what motivates them to do what they do. I do what I do, candidly, because if I had to do the same thing for work over and over again, I would completely lose my mind. In the development business, you are constantly changing hats. It keeps you continuously challenged and definitely feeling alive trying to keep ahead of it all. You can go from design to finance to engineering to legal all in five minutes. There’s never-ending pressure trying to be adept at it all. 9fi5th: What was the last spontaneous thing you did?

at was the last spontaneous thing you did ONE OF MANY EPIC SUNSETS

EB: I went to the Dominican Republic to play golf by myself for a couple of days and catch a couple of sunsets and chill out.

9fi5th: Where else would you live?

such as brick walls etc., and other people like

EB: I have lived in other cities such as Los An-

modern or perhaps minimalist. Your personal taste

9fi5th: Where do you like to play golf

geles and Miami, and would consider taking my

and preferences should really emerge when you are

around here?

family to live in Paris, London, or Hong Kong if

buying a home, not just as an investment but what

EB: We are building a course in Westchester, so

the opportunity presented itself. But more realisti-

truly makes you feel at home and everything that

I play there as often as I can. It is in a beauti-

cally Madrid, Spain is a dream for my family

goes with that.

ful town called Armonk. The property is called

since my boys and I hold Spanish passports. I

Brynwood. We are starting construction on a Rees

would love them to really get immersed in their

9fi5th: What advice would you give to your

Jones-designed golf course in November.

family culture.

sons or what advice have you given them?

9fi5th: What is your favorite part about liv-

9fi5th: What is the most important thing

them. I want them to be passionate about what-

ing in the city?

for someone to consider when they are

ever they decide to do. Part of that is giving them

EB: My favorite part of the city is that we have

choosing a home?

the opportunity to try as many things as possible

so many different cultures being represented; the

EB: The space should speak to you personally. If

and then letting them make their own choices

people, the food, and the energy is truly amazing.

it is a good fit for you, then it is good. It should

and plot the course they want. I try my best to

I like meeting smart and interesting people and

ultimately move you in some way. Spaces resonate

explain the ‘why’ of things and then let them

people who are really good at what they do. You

differently to different people. Some people like

decide what’s truly important to them and that it’s

tend to find a lot of people like that here.

places that have a little more patina or character

okay to fail. Not sure how I am doing, but I have

EB: I try to let things develop organically for

been blessed with two amazing sons who think for themselves and have diverse interests. 9fi5th: Do you like wine?

“I had one great sunrise from the top of Mount Kilimanjaro in Tanzania, Africa, which I hiked with 12 good friends. When we were at about 20,000 feet and summiting, the sun was coming up between the glaciers and well above the cloud level. It was just beyond belief.” - Edward Baquero 94

9FI5TH.COM

EB: I love it. I learned about it from my father who is from Spain, at an early age. My favorite wine in the world is Dominus out of California. It is from Napa Valley, but the producer is actually French. He is the black sheep of his family, which owns Château Petrus (arguably the best wine in the world). His grandfather started the company. He took the best of both worlds and melded them. The vineyard is designed by the phenomenal Swiss architects, Herzog & De Meuron, and called Dominus Estate. The whole estate is basically chicken wire stuffed with indigenous rocks. It’s an absolute masterpiece.

9fi5th: Do you have a favorite winery

9fi5th: Why did you leave it?

out east?

EB: I met my wife during the construction of it.

EB: They have grown in popularity, but I have

That lifestyle would not have been good for any

never gotten into Long Island wines. I am probably

relationship, so I sold out of the business. I have

a bit partial to Spanish wines because it is a great

never worked so hard in my life as I did then. That

value for the money. I also love Argentinian wines,

was 24 hours a day. After that, I came back to

and then of course Dominus. If I were on death

New York. My parents were here as was one of my

row with a last request for dinner, I would choose a

brothers, so I came home to go to graduate school

glass of 87’ Dominus with a slice of pizza.

and reset.

9fi5th: What is your favorite cuisine and do

9fi5th: Did your experience in hospitality

you cook?

lend itself well to real estate?

EB: I like all types of food, including comfort food

EB: The hospitality side really helped with the

aka junk food, although I make an effort to eat

development side because a lot of the buildings

pretty healthy. My wife is a really good cook, so

we build have a service component to them.

I have backed off so to speak. I used to own and

We come up with ideas that come directly from

operate restaurants, so I have an appreciation for

hospitality. At 20 East End, our latest luxury

good food.

condominium on the Upper East Side, we have a Billiards Room, which includes private cordial

9fi5th: How did you get into the restaurant

lockers for each family, so you can store your

business?

single malts or other beverages. There is a beauti-

EB: My parents have always been great hosts,

ful custom-designed bar with Christofle crystal

especially when we were kids. I started off as coat-

glassware in it. In SoHo back in 1998, we created

check, then I did valet, then bartending, etc. We

the first doorman building downtown with a one-

would always help our parents with their parties. I

of-a-kind wine cellar that had a dining room and

was into the hospitality side of things and the op-

wood-burning fireplace and an integrated Bang &

portunity came about to start a restaurant/lounge

Olufsen sound system. (Most projects have a wine

in Beverly Hills, which I opened in 1992.

cellar now by the way).

“In the development business, you are constantly changing hats. It keeps you continuously challenged and definitely feeling alive trying to keep ahead of it all. You can go from design to finance to engineering to legal all in five minutes. There’s never-ending pressure trying to be adept at it all.” - Edward Baquero 9fi5th: Could you be doing something else? You have done the restaurant business and hospitality and now you are doing development. Is there a third career beckoning? EB: I’ve always thought about being a doctor, ever since I was a kid. I’m not sure what kind I would’ve been but definitely something involving surgery. My father is a doctor, so I always thought of that growing up. If I could live ten different lives, I would be a doctor and perhaps an architect in one of them. I would re-live this one too. I absolutely love the tangible and creative aspects of building and designing buildings. 9fi5th: And finally, what will be your next adventure? EB: For my next adventure trip, I have been talking about doing a five-day rafting trip down the Grand Canyon. You raft rapids all-day and camp at night. I am either going to do it with some close friends or with my sons and my wife, if I can convince

CLIMBING MOUNTAIN PEAKS

her. Who knows, maybe something else interesting might pop up unexpectedly. I really hope so.

EAST COAST/WINTER 2015

ART BASEL

9FI5TH.COM

CAMPOLI PRESTI, LONDON / PARIS

MIAMI 2015 O U R

T O P

P I C K S

T H I S

S E A S O N

CHEYNEY THOMPSON Metal powders in acrylic binder on linen 206.9 x 156.8 cm / 81.5 x 61.7 inches Courtesy of the artist and Campoli Presti, London / Paris

EAST COAST/WINTER 2015

CAMPOLI PRESTI, LONDON / PARIS

LIZ DESCHENES

JUTTA KOETHER

Black Diamond 1, 2014 Photograms mounted to aluminium 105.5 x 190.5 cm / 41.5 x 75 inches and 105.5 x 127 cm / 41.5 x 50 inches Courtesy of the artist and Campoli Presti, London / Paris

Luise, 2013 Polyethylene, clear resin, mixed materials 20 x 90 x 90 cm / 7.9 x 35.4 x 35.4 inches Plinth: 83 x 90 x 90 cm / 32.7 x 35.4 x 35.4 inches Courtesy of the artist and Campoli Presti, London / Paris

Koether deconstructs the distinction between copy and original, questioning the traditional hierarchies of painting. Painting opens up a broader discursive space through the incorporation of performance and the appropriation of art historical subjects and positions.

NICK MAUSS

SINCE THE EARLY 1990S LIZ DESCHENES HAS PRODUCED WORK THAT EXPLORES A BROADER DEFINITION OF PHOTOGRAPHY, CONSIDERING ITS STATUS AS AN OBJECT AND ITS MATERIAL CONDITIONS. 98

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Untitled, 2014 Aluminium leaf, acrylic, on board 60 x 45 cm / 23 ½ x 17 ¾ inches Courtesy of the artist and Campoli Presti, London / Paris

Nick Mauss’ work explores the open-ended quality of the medium of drawing and transposes it to sculpture, ceramic, and curatorial processes, creating a passage between anticipation and full realization, invention and variation.

CONTEMPORARY FINE ARTS, BERLIN

GÜNTHER FÖRG Vier Bronzeköpfe, 1994

WVF.94.BR.0225 Bronze 60 x 40 x 40 cm / 23 2/3 x 15 3/4 x 15 3/4 in Unique work Courtesy of the Estate of Günther Förg Switzerland Photo: Jens Ziehe

EAST COAST/WINTER 2015

CASEY KAPLAN, NEW YORK DIEGO PERRONE l'Atalante, 2015 Glass casting 27.6 x 33.5 x 6.3" / 70 x 85 x 16cm DP2015-003 Courtesy the artist and Casey Kaplan, New York. Photo: Jean Vong

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ALAN CRISTEA GALLERY, LONDON MICHAEL CRAIG-MARTIN

GORDON CHEUNG

Coffee cup, 2015 from: Fragments

Watch, 2015

from: Fragments

Headphones, 2015

from: Fragments A series of six screenprints with protective glaze on Somerset Tub Sized Satin 410 gsm Paper and image 90.0 x 90.0 cm, Editions 35 Courtesy Michael Craig-Martin and Alan Cristea Gallery, London

Minotaur 1, 2015 Archval inkjet print with hand-painting in acrylic on Hahnemühle paper Paper and image 74.6 x 60.0 cm, Edition of 20 Courtesy Gordon Cheung and Alan Cristea Gallery, London

THE RODEO RIDER, IS A CONTEMPORARY VERSION OF THE MINOTAUR, MAN AND BULL COMBING TO SERVE AS AN ANALOGY FOR THE FINANCIAL ‘BULL MARKET’ GORDON CHEUNG – ‘MINOTAUR 1- 6’, 2015

MARIE HARNETT

Marie Harnett's work is inspired by films. She makes small, intricately detailed pencil drawings which capture fleeting moments of drama, suspense or beauty.

Costume Party, 2015 Linocut on Kozo paper Paper 83.0 x 134.3 cm / Image 63.0 x 116.3 cm Edition of 20 Courtesy Marie Harnett and Alan Cristea Gallery, London

EAST COAST/WINTER 2015

101

HEART HUB

WITH FAMILY AND FRIENDS GATHERING AROUND MANY A KITCHEN ISLAND, THE SPACE HAS UNDOUBTEDLY MORPHED INTO EVERYONE’S NEW LIVING ROOM.

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SCAVOLINI KITCHEN

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â&#x20AC;&#x153;It is a place for family and friends to gather, so people want to show off their kitchens and their lifestyle.â&#x20AC;? - Francesco Farina

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TETRIX

amily business is something Italians are renowned for – and no, we don’t mean the likes of The Sopranos. Kitchens and bathrooms, in this case. Top players in the field, Scavolini

pride themselves on their Italian design quality and family-style work ethic, which they have been bringing to their 10,000-square-foot SoHo showroom since 2010.

“We are 100 percent family-owned,” said Fran-

cesco Farina (CEO of Scavolini USA). Even the elderly patriarch, back in Italy, is still very much hands-on, involved in all the details of the business. Based in Pesaro, on the Adriatic, the company has been a mainstay of the Italian design community for 50 years, offering over 40 styles of kitchens, with 600 finishes for hundreds of cabinets (sleek and modern or traditional). Add to that that they launch two new styles every year, and you can rest assured that you’ll find the right fit. “People are looking for the Italian way of living,” according to Farina. Everything is made in Italy with attention to the environment being crucial. (The factory is 92 percent solar-powered,

AQUO

and the products are non-toxic.) Every kitchen uses a unique style in order to let it fit into the home’s design concept. Their core

Steel has been very popular.”

kitchens and their lifestyle.”

business is kitchens, but the same concept goes

Naturally, there are models that stand the test

One current trend is a shelving system that

into bathrooms, with the same level of finishes

of time and get tweaked every year. “We have

starts from the living room and is integrated into

and the same aesthetic. “We work with interna-

editions of successful kitchens like the traditional

the kitchen. “It doesn’t matter how big the space

tionally well-known designers,” said Farina, list-

Baltimora and Tess, which have been bestsellers

is, people want to have the kitchen as a main

ing a who’s who of Italian masters, plus fashion

over the past 20 years.”

room, so we make partitions to create a nice environment where everything blends.”

brands like Diesel, which nails that industrial look

With so many models designed for so many

that’s been so popular. Really, one of the most re-

budgets, one may be left overwhelmed. “We

And when you want to have everything hidden

markable aspects of Scavolini kitchens is the use

always think of the functionality of a kitchen

away, it’s all closed away. Life lived fluidly. After

of materials: wood, glass, marble, stainless steel,

first,” assured Farina. “It is a place for family and

all, the kitchen is the new living room, and living

bronze… “Right now we have a grey mood…

friends to gather, so people want to show off their

should be mastered.

KEEPING YOUR OPTIONS PLENTIFUL:

SCAVOLINI HAS A WIDE VARIETY OF FINISHES AND COMBINATIONS TO KEEP IT ALL VERY UNIQUE

FLASH

GLISS

CLIP

FLEX

SIRIO

EAST COAST/WINTER 2015

105

LOCALLY S O U R C E D

MIAMI’S BEACHCRAFT AT THE

1 HOTEL & HOMES dons

ORGANIC FARE

WITH A HIGH-END

TWIST

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VEGETABLE FLAT BREAD

EAST COAST/WINTER 2015

107

ocally produced” and “seasonal” are some of the buzz words that will have any foodie and environmentally

conscious individual perk up these days. And for good reason. The combination of the two leads to lower carbon emissions, better flavors, and of course, is better for the body. So, what’s a restaurant that already has the pedigree of the Tom Colicchio name, several famed New York locations, along with California and Las Vegas outposts to do when entering the Miami market? Bring more of the good stuff to South Florida’s feel-good, be-healthy capital. Beachcraft opened recently and has been soaking up its fair share of local and not-so-local food buzz. The tasteful décor of earth tones in a lofty environment mingle with an inspired menu that had this editor enjoying every last bite until the early hours before close. It’s always refreshing to see menus that are not particularly lengthy and offer numerous dishes that strike your fancy. Beachcraft did just that. With a plethora of seafood and freshly caught plates on offer, any fish lover will find it

GRILLED OCTOPUS

difﬁcult to settle for less than the entire menu. We put our bets on the scallop ceviche with gooseberries sumac, and

By this point we had brought

peppercorns along with the yellowﬁn tuna crudo with fennel, serrano pepper,

attention to our personal love

and anise hyssop. Both were wonderful-sounding dishes that were presented

affair with octopus; one that has

beautifully and tasted just as fresh as the restaurant motto touts.

followed us through many a Greek

We should note that the staff had already been very accommodating and

island to sample both grilled and

knowledgeable up to this point. Something that would continue throughout

otherwise prepared versions. The

the night, with welcome additions of food suggestions along the way.

trouble with octopus is that it is

A third fruit de mer starter made its way to us within minutes. The wahoo

actually quite diﬃcult to strike a

tiradito with pickled cucumber, coriander, and red sorrel was a refreshing pal-

balance of cooking it properly but

ate pleaser that left us satisﬁed without any unwanted extras.

not overly so to avoid that dreaded rubbery texture. Luckily for us, Beachcraft, much like all their other offer-

Follow Beachcraft on Facebook at facebook.com/ beachcraftsobe and see what’s happening via Twitter @beachcraftsobe

108

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ings, has the octopus down to an art form. So, the octopus with avocado, black chili, jicama, celery,

LIKE WHAT YOU SEE? TAKE A LOOK AT THE OTHER LOCATIONS PART OF THE GROUP: CRAFT, CRAFTBAR, CRAFTSTEAK

GOLDEN JACK CRUDO

could have had this and only this dish all night. Accompanied by the Reister farms lamb chops with harissa yogurt and eggplant caponata, it was clear that Beachcraft does land just as well as it does sea. Cooked to absolute perfection with just the right amount of pink, the lamb is probably up there with the best we’ve had. With an inspired wine and spirit list to partner your dishes, Beachcraft also takes the locally sourced mantra to its beverages. Our Sancerre? Top notch. The evening drew to an elegant close with the proposition of bread and butter pudding made with pain au chocolat and a mild yet aromatic coconut panna cotta. Our favorite? The bread and butter pudding, hands down. It was LAMB RACK

not a light finish to the evening, which may have been due to the fact that we had been finishing and cilantro was moist, flavorful, tender, and aromatic. Dare we say, it was

every last drop of each course up

better than most Greek incarnations we have sampled.

until this point. Then again, isn’t

A few starters down, we had been waiting for one particular dish that had us salivating (quite literally) since the start of the meal. The garganelli with braised rabbit, carrots, parmesan, and pistachio read like paradise on

that what great food should make you do? Check out Beachcraft next time

a plate, and boy did it deliver. It was creamy and warm, with just the right

you’re in Miami. We promise,

amount of gravy complemented by the pungent tones of parmesan. We

you’ll love it.

EAST COAST/WINTER 2015

109

QA off the record Been curious as to what Miami’s heavyweight developers are up to both at work and after it? We were as well. So, we sat down with Miami Worldcenter’s Nitin Motwani and Terra Group’s David Martin to talk business, pleasure, and valuable advice for future generations. GLASS

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off the record

Nitin Motwani, the Managing Principal of Miami Worldcenter, is responsible for everything from land acquisition, zoning, and entitlements to financing, joint ventures, and development. Motwani is also a Managing Director of Encore Capital Management, which currently has over $1 billion of investments across the country, including holdings in Florida, California, Texas, and Arizona.

513 units. Aside from a great pool and cabanas, you will have a soccer field, tennis court, kidâ&#x20AC;&#x2122;s park, jogging path, and then some BBQ areas that are tuckaways. You can also go right downstairs into the mall if the weather is bad, which will have a number of restaurants. If it is beautiful outside, residents and visitors will enjoy 35-foot sidewalks, cafĂŠs, and restaurants on 7th street similar to Lincoln Road. You will have transportation with the Metro Rail and All Aboard Florida. This will be one of the few sites in Miami where you can truly have no car. 9fi5th: People always worry about the boom and bust cycles. Also, many properties are purchased by buyers who do not actually live here. What do you think is going to happen?

NITIN MOTWANI

9fi5th: Can you clarify the

NM: Our buyers are very so-

relationship between Miami

phisticated, coming from over 30

Worldcenter and Encore Capi-

NM: Through our fund, I have

was to try and create a brand for

countries to Paramount Miami

tal Management and tell us

been involved with five smaller

living. When buyers purchase, they

Worldcenter, so that gives us

what youâ&#x20AC;&#x2122;re working on around

deals in Miami that we got either

are getting a great design, livable

diversification. 30 is a big number.

the country?

through bankruptcy or other

units, 10-foot ceilings, etc. These are

There is also a 50% cash deposit.

NITIN MOTWANI: Aside from

means. Smaller projects still mean

things we do to get people excited.

Lenders on the condo side are also

Miami Worldcenter, we have a fund

around $100 million for us. How-

Margaritaville, for example, is meant

reserved, focusing on top develop-

called Encore Capital Management.

ever, if you buy land and sell it or

to be more casual.

ers and top projects and being

Art Falcone is the CEO of both and

buy a smaller site and develop it,

is my partner in both. We have about

you have worked yourself out of a

9fi5th: You work across the

got into trouble, they turned into

40 projects in development around

job. With large projects, you create

country; what makes Miami

rental apartments, which actually

the country. Paramount, Ft. Lauder-

value, and then you still benefit

stand out? And more impor-

turned out to be great because it

dale Beach is in the fund. We just

from the land, allowing you to

tantly, tell us about Paramount

created a 24/7 lifestyle here.

finished Aventura Isles, which is in

continue to benefit from all of the

Miami Worldcenter.

the fund. We are doing a big project

hard work. We are not biased to

NM: When we did Paramount, we

9fi5th: What advice would you

in Orlando called Reunion, which

one or the other, but are not afraid

were trying to figure out exactly

give to someone starting out in

is very large single-family units (six

of longer term projects.

that. We knew we were designing a

this industry?

more sensitive. When the condos

great building. We created outdoor

NM: I would suggest to find what

when they go to DisneyWorld. We

9fi5th: Because so many of

living rooms, rather than traditional

you are interested in and passion-

have three golf courses and a water

these projects are mixed-use, do

smaller balconies to make them us-

ate about. That might mean trying

park that we own, which is all part

you have a preference when it

able. If someone works from home,

different careers before you find

of the project. We are also creating

comes to residential, hospital-

they are not going to sit at a table

something that is right for you.

a Margaritaville Village with Jimmy

ity, etc.?

and chair outside, but if they have a

People often get their first job and

Buffet. We have another big one in

NM: We are primarily residential.

lounger that sits outside, it becomes

feel that it is what they have to do,

Jacksonville, Tampa, and we also

We are building up a hospitality and

like a living room. With Paramount

inertia takes over, and they never

have other offices and projects in San

retail team. The more urban we get,

Miami Worldcenter, you have a

make a change. I started out as an

Francisco and LA.

the more natural it is to have mixed-

six-acre amenity deck. Where else

equity derivatives trader at Gold-

use. People appreciate the brand-

are you going to get that? Icon and

man Sachs in New York City, try-

9fi5th: What is it about large

ing. Paramount is a brand that we

Viceroy have two acres for 1,800

ing to get out of real estate because

scale projects that you like?

have with Dan Kodsi. The concept

units, Paramount has six acres for

I thought I did not want to do it. I

to ten bedrooms) that families rent

EAST COAST/WINTER 2015

111

off the record

riding your bike, or are you going to drive? Do you have a pool and swim at your house or go to a public place? 9fi5th: What is your favorite thing to do in your downtime? NM: Either be with my kids or sleep, because the kids can be tiring. Many of my Duke friends have moved down, and a lot of them have kids, and we will get together and have dinner or go to the park. 9fi5th: And your favorite pastime? NM: Traveling, although we don't do it as much since we’ve had kids. 9fi5th: Best destinations? NM: Italy is up there. I love Italy. The food, the people, the wine — they just have it figured out. They have so many different regions too. PARAMOUNT MIAMI WOLRDCENTER

9fi5th: What is one piece of advice that you will give your sons about life-work balance or

eventually realized that, as much as

and decided that we wanted to be on

Congregational Church, they used

about the job?

it was a great company and great

the development side rather than the

our house as the temporary church.

NM: My dad passed away at the age

opportunity for me, it was not what

operational side.

of 47. We always said that he lived 9fi5th: Because people’s lives

a life longer than most because he

9fi5th: How should buyers pick

change, does it make sense not

was passionate about everything he

a house? How do you go about

to buy a family home forever

did. He was in the US and my mom

older than you who can serve as

finding a home?

but to buy one for what your

was still in India. He was getting

mentors to help you, whether they

NM: I listen to my wife (laughed).

current life state is?

his MBA and she was getting her

are at your company or elsewhere.

When we bought our house in the

NM: My wife and I had that

law degree. He wrote her a letter

I had both. I was not working with

Gables, we were very excited. We

debate. It depends on how close

everyday. He was passionate about

people who had a hidden agenda or

knew we wanted to start a fam-

you are to the next step. You do not

his family, his marriage, and what

motive. They gave me honest advice.

ily, so we wanted to be close to the

want to buy a house as a couple

he was doing. Transforming Fort

schools, which are mostly in the

and then have to go through the

Lauderdale Beach was everything

9fi5th: You were already in real

Grove-Gables area. We looked there

process all over again a couple

to him. My advice would be to be

estate prior to your Goldman

and bought a place that was close

of years later. We decided to buy

passionate and to love what you are

Sachs days?

to Miracle Mile and The Biltmore

for a significant period of time so

doing because life is short. In good

NM: My parents were in the small

Hotel because that was somewhere

we would not be forced to move.

times, remembering that has been

motel business in Fort Lauderdale

we thought we would often go. My

Everything for us was pre-kids,

helpful to me, but even more so in

Beach in properties that we lived in

kids growing up still go to the park

post-kids, and then how many kids.

bad times. When times are bad, it

and worked in. As a result of that,

twice a day. It is nice that you can do

Everyone has different quirks. We

is hard to see that it will get better.

we saw that if you acquired an entire

it on a whim. We thought that the

started out living on the beach,

Loving what you do and loving your

block and became entitled, then de-

restaurants and bars would be most

then we lived Downtown, and now

family and friends — that passion

velopers got interested. My brother

important, but it turned out to be

we live in the Gables. It is not just

breeds through all aspects of your

and I did not want to run motels, so

the park and the school. We wanted

about the neighborhood but the

life, and you know that you will get

we went to Wall Street and became

something with story to it. Our

home itself. Do you like condo,

through it most of the time.

traders, and then realized that we did

house is an historic home. While

townhouse, or single-family living?

not want to do that, so we came back

they were building the Coral Gables

Do you like walking to places,

I wanted to do long-term, and my heart was in real estate. The other part is to find people

112

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9fi5th: Thank you.

off the record

David Martin, President and Owner of Terra Group, leads the company’s operations, sales, and marketing initiatives, and oversees all international and domestic investment and development projects for Terra Group and its sister companies. He specializes in the identification and acquisition of land, as well as the assignment, construction, financing, and structuring of joint ventures and investment groups to raise equity. Martin is developing more than four million square feet of residential and commercial space, yielding approximately three billion dollars in gross sales.

hoods that have historic preservation, activism, or limited land supply, such as in Doral where there’s limited land because you have environmental boundaries west of the turnpike. In Weston, there’s no development land left, and we just picked up 120 acres. And in Pembrooke Pines, we got another 70-acre piece. You try to find something unique and different. 9fi5th: Which is also safe for buyers. DM: If you buy in Coconut Grove, there won’t be a bunch of new construction that will dilute the value. In essence, long-term buyers are buying here as more of a generational type purchase rather than an investment. 9fi5th: In your opinion, what’s the most important aspect of buying a home? DM: The neighborhood is the most

DAVID MARTIN

important for me. 9fi5th: What’s your favorite neighborhood? Coconut Grove? DM: I actually bought a lot in the Grove, so I’m building my house here and I grew up here my whole life. Great schools, great parks— it’s very peaceful driving through

9fi5th: Give us some updates on Glass and Grand Bay, Park

the trees, and there’s also a very intellectual community because

PARK GROVE

Grove. What’s going on now?

the University of Miami is so close

DAVID MARTIN: Glass is fin-

so you have a lot of the professors

ished, so the closing is happening

trend of people spending more time

live in, so it’s not a commodity; it’s

and doctors from the hospital. It’s

in a couple weeks. Grand Bay will

in Miami. We are seeing relocations

more an end-user product. Grove at

centrally located. Coconut Grove is

be done in January of next year.

from the Northeast as well as from

Grand Bay was 4,000-5,000-square-

an ex-urban neighborhood, which

Park Grove started construction. We

South America. Those relocations

foot units, and Park Grove is

is kind of a pocket of an area that’s

have a few new projects: we have

are going to neighborhoods like

2,000-6,000-square-foot units —

5-10 minutes from Downtown but

87 Park, which is done by Renzo

Coconut Grove because of the

these are homes. You generally see

does not feel like Downtown.

Piano, and that’s in Miami Beach;

excellent schools and parks.

more demand as prospective buyers

we’re doing a new project in Weston

Given this trend of families and

see construction and they see the

9fi5th: Do you consider yourself

completion of the product.

ex-urban?

called Botaniko, and we’re complet-

relocations to our community, you

ing a shopping center in Doral in

also have to bear in mind that there

October/November.

is a barrier to entry. Typically, the

9fi5th: It seems the way you

as ex-urban. Ex-urban means you

sales cycle on most projects has a

safeguard yourself is by con-

want the urban qualities but you

peak and then a drop.

tinuously picking very small

don’t want the impacts that come

pockets of established neigh-

from it. I don’t need to live on top

9fi5th: Do you see an influx of foreigners coming here to stay

DM: It depends on what we define

for good? What are buyers inter-

9fi5th: Why is that?

borhoods such as Coconut

of a great restaurant; I can live

ested in today?

DM: It’s the buyer profile. We try

Grove. Is that correct?

five or ten minutes away from the

DM: I definitely think there is a

to develop projects for people to

DM: Right. We pick neighbor-

restaurant and go to it.

EAST COAST/WINTER 2015

113

off the record

INSIDE AT PARK GROVE

9fi5th: What do you do on

five years ago before your son

strategize on new deals. That’s my

weekends or down time?

was born? Are you more risk

time to work on the creative side of

9fi5th: What’s some advice that

DM: Weekends, I either wake up in

averse now?

the business and come up with new

you would give to any newcom-

the morning and go fishing or take

DM: I like healthy risk; I think

ideas for neighborhoods or what’s

ers in this industry who looked

my son to tennis or soccer practice.

risk is good. I have a very high risk

needed in certain parts. I don’t un-

up to you as a mentor?

The weekends are all about my

tolerance. I’ll take less risk from a

derstand how people can get home

DM: Work really, really hard and

children and my wife and spending

finance standpoint, but I will take

at 6pm and really think. Because

keep your ego outside the room.

as much time as possible with them.

more market risk than others would

when you get home, you want to

Work on being a better collaborator

imagine. I’m bringing some of the

spend time with your family.

and communicator.

9fi5th: Do you have a favorite

projects and products to places

pastime and do you try and

like Weston, where we’re building

9fi5th: How do you know how

9fi5th: Miami is all about art.

share that with your kids? Or

amazing design-driven houses by

to turn that off and make the

Which artists do you collect

are they completely different

Chad Oppenheim and I’m selling

time for your kids and then go

or follow?

from who you were?

$2.5-million-homes on half-acre

back to it?

DM: I’m more of an architecture

DM: I grew up with sports, and it

lots to bring contemporary archi-

DM: I take my son to school every

and design guy. Olafur Eliasson is

was a big part of why I’m so com-

tecture to that market.

morning, so we spend an hour

great because he’s young, he’s been

together in the morning. I don’t

accepted in the world, and has a

petitive and why I like teamwork. I definitely am trying to instill some

9fi5th: What are the best/worst

typically see my kids at night dur-

quality. I have a good art collection

of that. Favorite pastime…trying

parts of your work day?

ing the weekdays. On weekends, I

and we buy a lot of great stuff, but I

to get my son to read. I read a lot

DM: My least favorite part of the

try to spend all my time with them.

embrace architecture more because

when I was young. My whole life

work day is when I’m double- or

and everything I think about in

triple-booked. I try to squeeze

9fi5th: What was the last spon-

create, and collaborate with rather

business is really about my children.

everything I can within a day be-

taneous thing that you did?

than just buying something that is

So, if a contractor is trying to take

cause I feel like I need to complete

DM: I think my entire personal life

created or done for more of a per-

advantage of me, I’m like, “Look

tasks and move initiatives forward.

is spontaneous. We plan very little.

sonal reason. It makes it something

what they’re doing to my child!” My

I can manage my schedule and

If it’s time to go to New York, the

I can interface with.

family has become a huge part of

have three meetings a day or four

day before we’re like, “All right,

the thought process when I make

meetings a day, and instead, I’ll do

let’s go.”

decisions on deals and take risks. We

twelve meetings a day. I do that in

try to take calculated risks. Also, I

order to implement, execute, drive,

9fi5th: Where do you like

tron to influence the artist, which I

think of my children when I think

and lead but at the same time, it’s

to travel?

respect. You don’t really want to in-

of the structures and communities

kind of frustrating when you don’t

DM: A family destination would be

fluence an artist’s work. They need

we develop.

have time to get into depth. My

the Bahamas. A romantic destina-

their own freedom and indepen-

favorite part of the day is after

tion would be Paris. Renzo has an

dence. In architecture, the context

9fi5th: Does it mean you take

6pm because meetings stop so I can

office there, so I’ve been going to

is so important. It’s just much more

different risks now than you did

really be creative and think and

Paris a lot over the past six months.

dynamic and interesting to me.

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it’s something I can influence,

We’ve commissioned a few artists, but typically, there’s less flexibility or freedom from the pa-

“Ex-urban means you want the urban qualities but you don’t want the impacts that come from it.” - David Martin

PARK GROVE

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CHRISTIE’S INTERNATIONAL REAL ESTATE IN ON THE LATEST SECTOR DEVELOPMENTS

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LA JOLLA PROPERTY

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CONYERS FARM, GREENWICH, CT

ecently, 9fi5th sat down with Dan Conn, CEO

customed to working with our brand and team,” Conn explained.

of Christie’s International Real Estate, to talk

Christie’s International Real Estate was founded in 1987 and

about the latest luxury real estate market trends.

is a wholly-owned subsidiary of Christie’s. “We have a network

With pundits increasingly calling the $100-mil-

of 138 affiliates around the world, all leaders in their respective

lion home a bubble indicator, the spotlight is on

real estate markets,” he said. “We license our name to those af-

Christie’s International Real Estate’s field of expertise and line

filiates, who we then help to market luxury homes worldwide.”

of work - the ability to advise on luxury real estate transactions

Conn added that Christie’s services range from featuring homes

around the world.

on their websites to helping clients by becoming deeply involved in

Now in its 20th year, Christie’s International Real Estate banks

marketing homes at the ultra-high-end of each respective market. The company does the

on a name that has been a staple in the world of excellence since 1766. Indeed, according to Conn, it is the appeal of the Christie’s brand that sets the company apart when it comes to the marketing of top-end real estate. “The value proposition is a connection to the auction house and its clients. Potential buyers are ac-

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“THE $100-MILLION HOME IS ONLY EVIDENCE THAT THERE ARE PEOPLE WHO CAN AFFORD IT. YOU HAVE TO SCALE THE MARKET DIFFERENTLY. IF SOMEONE WITH A NET WORTH OF $500 MILLION CAN PURCHASE A HOME WORTH $1 MILLION, SOMEONE WITH $50 BILLION IN ASSETS CAN ACQUIRE A HOME WORTH $100 MILLION.” - DAN CONN

marketing

worldwide

by exposing properties to Christie’s clients and doing the necessary PR. The actual selling effort, however, is always done locally. “If you have a property for sale in the Hamptons, the reality is that you need to be there to show the home,” Conn also said.

CONYERS FARM, GREENWICH, CT

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BRIAR PATCH, SOUTH HAMPTON

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STARGAZERS: The relationship between Chris-

new billionaires over the past two years,” he said.

tie’s International Real Estate and its affiliates en-

The average net worth they represent is around $2

ables the company to add another dimension to the

billion to $2.5 billion. If that segment is in the mar-

services it can offer to its clients. “The benefit of

ket for property, they will buy what fits their lifestyle

having two voices, us and an affiliate, when working

and a $100-million home is not out of reach. “The

with an owner is that you have two perspectives,”

$100-million home is only evidence that there are

said Conn. “When you feel like an owner is really

people who can afford it,” Conn explained. “You

shooting for the stars in terms of pricing, we are in

have to scale the market differently. If someone

a better position to advise on the ways to sell in a

with a net worth of $500 million can purchase a

reasonable timeframe and at an appropriate price

home worth $1 million, someone with $50 billion

level for the local market.” PRICE EXERCISE: The great challenge with the ultra-high-end is how to price the home. Frequently, there is no perfectly comparable property, which makes the pricing exercise more of an art than a science. These homes can be exceptional in so many ways that one cannot always rely on amenities and square footage for pricing. “One unique aspect of the network is that Christie’s is looking at pricing from the inside - we know the people who buy such homes and have a better sense for the level at which these properties will trade,” Conn explained, adding that Christie’s clients, “have a certain love or passion for collecting, and our job is to understand their mindset when they are selling or buying collectible assets.” CONTINUATION: Indeed, one of the real estate trends of late has been the $100-million home, which has led some to conclude that a price crash is imminent. What is a house priced at over $100 million if not an indicator of a bubble, they argue. Upon closer analysis, it would seem that this price level marks the continuation of recovering real estate prices, a development that began in 2013. At the time, recovery was already noticeable in the economic hubs. In 2014, this was followed by real estate prices recovering in the so-called resort market, which, according to Conn, was the last market to rebound. Growth was in the double dig-

“ONE UNIQUE ASPECT OF THE NETWORK IS THAT CHRISTIE’S IS LOOKING AT PRICING FROM THE INSIDE WE KNOW THE PEOPLE WHO BUY SUCH HOMES AND HAVE A BETTER SENSE FOR THE LEVEL AT WHICH THESE PROPERTIES WILL TRADE. OUR CLIENTS HAVE A CERTAIN LOVE OR PASSION FOR COLLECTING, AND OUR JOB IS TO UNDERSTAND THEIR MINDSET WHEN THEY ARE SELLING OR BUYING COLLECTIBLE ASSETS.” - DAN CONN

in assets can acquire a home worth $100 million.” According to Conn, the world’s billionaires could together purchase over 70,000 $100-million homes. With such a limited number of $100-million homes available on the market, a supply and demand imbalance cannot exist as it might in the broader market. “These types of properties are trophies, they are not evidence of anything else.” DEFINITION OF LUXURY: If anything, real estate having exceeded the $100-million threshold also signals changes in the definition of luxury. While empty nesters moving to New York might seek serviced lifestyles with excellent amenity packages, those acquiring property in the ultrahigh-end of the market are also looking for exceptional properties offering privacy, seclusion, and security. Christie’s International Real Estate sees a continued desire for something unique, a development that favors developers, as they are in a position to create something that does not exist anywhere else, think Ten Trinity Square in London, which is currently being developed. “Christie’s is all about expertise, trust, integrity, and only speaking to things we understand. We try to be thoughtful with our affiliates as to what luxury means,” Conn said. WHAT’S NEXT: “There are probably a dozen markets across the globe where we should be present in which we are currently not, so we spend

its for jet-set destinations such as the Cote d’Azur

time focusing on those areas, but with patience

and the Hamptons.

and caution. Some of these markets are not easy environments in which to operate,” Conn said of

QUESTION OF SCALE: However, according

the company’s strategy going forward. Christie’s

to a September 2015 CNBC report, there are now

International Real Estate also wants to engage

around 20 of the so-called nine-figure homes for sale

much more with the auction house. “In 2015, we

in the US, up from around 12-15 one year ago. At

will have done at least five times as many events

the time of writing, there had not yet been a record-

as in 2014, which was already a lot. And we are

ed sale. That said, Conn is of the opinion that the

planning many more third-party events to expand

discussion of super prime real estate centers on the

awareness and access to global high-net-worth

wrong question. “The world has minted some 600

clients for our affiliates and their clients.”

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AROUND TOWN GET READY TO RIDE New Yorkâ&#x20AC;&#x2122;s streets in style. We show you how to drive a different classic (and not so classic) road machine every day of the week with the Classic Car Club of Manhattan.

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1969 PORSCHE 911

Cult Classics

9fi5th caught up with Zac Moseley, Co-Founder of Classic Car Club Manhattan to talk about their shortcut to getting behind the wheel of your dream car, be it classic or nouveau.

EAST COAST/WINTER 2015

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AROUND TOWN

Now comprising some 40 cars, the Classic Car Club garage is where dreams come true. Here, you will not only find the car you once had a poster of on your wall, you might even encounter its present-day incarnation. Always been a fan of the timeless elegance of the 1969 Porsche 911? It’s available alongside the new 911 GT3. “When it comes to modern cars, you have to have the icons – Ferrari, Lamborghini, and Porsche – in your collection,” said Moseley. Sure enough, the recently introduced Lamborghini Huracán is available to members, as is the stunning Ferrari 458 Spider.

PORSCHE GT4

FUTURE CLASSICS: Member profiles have been getting broader over the years. In the early days, members were die-hard car enthusiasts and people in financial services. “It is all sorts of careers and

2007 ASTON MARTIN VANTAGE

people nowadays. We have a lot of entrepreneurs, who are now

GOOD POINT: “To drive, you buy point-based packages that range from $5,000 to $15,000, with the points acting as

our second-biggest clients. They

debit on your balance depending on the car or the number of days,” explained Moseley. “If you buy bigger packages

earn their money the hard way

you are essentially paying less per point,” he continued, adding that most members settle for the mid-range member-

and want to enjoy themselves.”

ship of around $9,000-$11,000, which gets you around 30-40 days driving per year in a variety of cars. The Classic Car Club garage boasts an incredible variety of vehicles, ranging from a 1960s odd couple – the

Asked about his personal favorite, Moseley points to the

Chevrolet C10 and Ford Bronco – to American icons such as the 1963 Chevrolet Corvette Stingray and 1968 Dodge

Porsche Cayman GT4. “A lot

Charger. Future classics are also well represented. The club has the gorgeous 1991 Acura NSX and 2007 Aston Martin

of people have always con-

Vantage available. Soon to be added to the collection are the McLaren 570S and the Ford Mustang Shelby GT350.

sidered the Cayman the baby

“If someone comes in for supercars over the weekend, they really should be aiming for the top membership package

Porsche that was somewhat

because they will be needing the points and we will reserve peak season booking privileges for exotic cars for the plati-

held back so it wouldn’t rival

num members only,” Moseley said. Anyone can drive any car, but the Classic Car Club reserves the best of the lot for

the bigger 911. With the GT4,

the top-end members until the last minute.

Porsche put a stop to that,” he said. There was also an honorable mention for the BMW i8.

EXPERIENCES: While driving

notable chefs

“The car is a bit of a science

is obviously important, Moseley said

to essentially

experiment with of-the-moment

that other membership aspects are

prepare whatever

technology, which will make

just as important to members as get-

they can’t pull off

it interesting in the future.”

ting behind the wheel. “We do happy

in their everyday

When pressed for answers,

hours for as many as 75 people once

setting, similar

Moseley picked the 2005 Ford

a week. Every couple of weeks, we

to car designers

GT, which epitomizes what the

will bring in a partner brand that has

being allowed to

Classic Car Club is about. “It’s

something of interest, such as a new

work on a con-

car being launched,” he said.

cept car. “Because

Recently, the Classic Car Club

PRAGA R1 TRACK CAR

modern, exotic, fun to drive but classic at the same time. And it is a pure driver’s car.” The

our members like

kicked off a culinary series called

to experience cool things in life, we

New York’s very own Andrew Car-

GT was an homage to the 1966

“Concept Kitchen” as a part of

want to apply that to as many aspects

mellini, a member himself, kicked off

GT40, which, sure enough, is

which the club has been inviting

as possible,” Moseley commented.

the series.

available to the club’s members.

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AROUND TOWN

What’s on my desk WITH HARVEY HERNANDEZ

Newgard Development Group Chairman and CEO Harvey Hernandez answers some quickfire questions about his office, his Christmas wish list, and proposed holiday destinations. Harvey Hernandez first began his involvement in real estate development during the 1990s as a hands-on investor in the rapidly expanding Miami market. Today, he lends his direct personal involvement and commitment towards leading the dynamic Newgard Development Group, known for creating and marketing unique condominium and mixed-use projects defined by both high-quality finishes and quick turn-around times. Hernandez continues to revitalize the high-end residential market in South Florida

9fi5th: It’s all very modern. HH: We wanted the office to be modern but at the same time be welcoming and not cold. Even the colors are a little warmer and the materials are also very warm, a lot of woods. 9fi5th: What’s on your desk?

by developing innovative projects that deliver the best in location, cutting-edge

HH: A bunch of things I cannot get rid of

amenities, luxury finishes, and forward-thinking design.

(laughs). Lots of architecture magazines, design magazines, and art magazines. These

9fi5th: Can you describe your office to me?

are the ones I have to read.

HARVEY HERNANDEZ: It was a little bit of an interesting experiment to try to have our offices in one of our buildings. What sells you better than one of your buildings, right? It’s your presentation

9fi5th: So, you keep these because you

card. We wanted to have an office that represented us as far as styling, taste, and capabilities. We are

want to have inspiration, right?

lucky because we have the two floors, so we are able to have the whole office here and we have a nice

HH: I love art. I collect some actually, but I

terrace that we get to use in season to barbecue. We have a little bit of a water view and spend a lot of

like to be in touch with new materials, new

time here.

styles, and new buildings.

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9fi5th: What about this

because of their passion. He

sideboard, this looks

had ideas and beliefs and just

more interesting.

went against everybody and

HH: Those are my

everything because he felt it

kids, chocolate, and

was right.

amazing rum. 9fi5th: What do you think 9fi5th: Where did you

is important in this day

get it?

and age for this type of

HH: It was a gift. They

mentality or this type of

gave me a couple of these

ideology?

bottles. I’m from Venezuela,

HH: The most important

and it’s the most amazing

thing in life is passion. It

rum ever. It’s called Bodega

always has been and I think

Privada, which is like a pri-

it always will be. Second is

vate cellar, and people buy

to be decent, consistent, and

this decades in advance. It’s

disciplined. I think right now,

almost like a cognac.

you have to be faster than everybody else. That means that you have to try to predict what trends are going to be.

9fi5th: What is impor-tant when buying gifts for others?

ished. That’s why I like Tesla — the engineering

HH: I think people appreciate when you go out

and how it works is just perfect.

9fi5th: How do you think that applies to Miami? What are the trends now?

of your way. Like this, for example — they didn’t have to put my name on it. I can buy the rum. But

9fi5th: What about jewelry or watches? Do

HH: It applies to our business every day. For

the fact that he went out of his way to think about

you have a hobby in terms of things that you

example, when we see Miami, we see a city that is

it months in advance, has a tremendous amount

collect or things that you really appreciate?

very young and a city where what you see today is

of value.

HH: Who doesn’t like watches? I have a few of

not even close to what it is going to be in 5 or 10

them. I have a Rolex, Audemars Piguet, Hublot. I

years. Not only the US and the world is going to

9fi5th: What’s the best gift you’ve ever given?

think Audemars Piguet is one of the better made

be different, but Miami is so young that it will be

Or the most thought you’ve put into a gift? A

watches; the machinery is incredible. I admire that

exponentially different. For example, why is it that

piece of art perhaps?

somebody really went out of their way to make

people don’t want to buy a house anymore? A house

HH: I always put a lot of thought into gifts. That’s

sure that they created something perfect.

or a condo or a car, anything? Why is it that my kids are not really that interested in driving? They are

why it’s very difficult for me to give my friends a gift on determined dates. I buy a lot of gifts, but not

9fi5th: Do you already have your gifts ready

very interested in mobility but not necessarily driv-

necessarily on your birthday because I have to find

for this holiday season?

ing. Because they don’t need it. They need access to

something that I know that you will like. It doesn’t

HH: I don’t have to wait for holiday seasons. I

mobility, brains, and communication skills.

matter if it’s your birthday or not; it’s “this is some-

actually hate that. I prefer to buy it in February or

thing that she will like.” I love gifting, because I love

whatever time.

9fi5th: What is your favorite thing to do in the fall/winter? Do you like to ski?

to see their faces. 9fi5th: What if you buy something they 9fi5th: What about your parents; what gifts

already have by then?

have you given them that were emotional?

HH: I’ll return it. Just kidding.

HH: I like boating, even in the fall and winter. 9fi5th: Do you host holidays or do you get out of town?

HH: A house. It was a long time ago, in Venezuela, and I put a lot of thought into the neighbor-

9fi5th: What are you reading right now?

HH: I usually like to go out of town for New Years

hood, size, style, etc.

HH: I am currently reading Outliers. You know

more than Christmas because Christmas I like to

what an outlier is? Of course you know. An outlier is

be with family and then I go anywhere. Last year, I

9fi5th: What’s your favorite tech brand? I’m

somebody who breaks the mold, who stands out so

went to St. Barts, the year before Cartagena. I try to

assuming Apple [because there are several

much from everything else, that he or she is an outli-

go to different places.

Apple products in your office].

er. Outliers was written by Malcolm Gladwell and it

HH: Not necessarily. Apple just talks to everything

talks about very famous people and why that person

9fi5th: Best holiday destination now? Not of

I have, so it’s easy. I love things that are well-

became an outlier. You have to read this book.

all time, but currently? If you could go somewhere today, where would you go?

built. I am a manufacturer, so every time I see an iPhone, it’s like a piece of art — how it’s built,

9fi5th: Who inspires you? Historical figures?

HH: I would go to Mykonos, I love Greece. I want

how it’s designed, how everything just fits properly

Someone famous? Your father?

to go to Croatia. I want to go to Montenegro, I want

and you don’t see anything out of place or unfin-

HH: People like Abraham Lincoln inspire me

to go to Turkey. I have never been.

EAST COAST/WINTER 2015

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PILLOW TALK

PILLOW TALK LOOKING TO DO SOME TRAVELING for business or pleasure? We do the legwork for you and choose a selection of hotels for each issue. These come with our seal of approval and can be counted on for a good nightâ&#x20AC;&#x2122;s rest, funky interiors, and, of course, the utmost in luxury. Enjoy your stay!

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CRYSTAL STEAM ROOM AT THE CARILLON

ROOFTOP POOL

CULINARY

THE CARILLON MIAMI BEACH

OCEANFRONT SUITE

MIAMI DOES CASUAL LUXURY better than

With the superb beachfront and four pools strategically

most cities. We are talking about the feeling of ebony floors be-

placed throughout the grounds, the case for taking your shoes off

neath your bare feet that provide affluence with ease. Top that

is ever more convincing. Service here is par excellence, so if you

feeling off with the crème de la crème of spas, beachfront work-

wish to hit the beach and watch the sunset, chairs and canopies

outs, and iconic Miami architecture, and the name is The Car-

will be readied in moments. For active types who like to hone

illon Miami Beach. This is the

their abs during a vacation, The

new and improved symbol of

Carillon Miami Beach has some

Miami Beach with reminders of

of the best personal trainers in

its construction in 1958. Today,

the world. Your abs and thighs

the hotel features a range of spa

will thank you later.

treatments that will satisfy your

But one reason so many tour-

every family member and friend,

ists and, yes, even locals, come

40 fitness and wellness sessions

frolicking to The Carillon Miami

per day, and the best access to the

Beach is for the best pampering

Atlantic anywhere.

around. There are a plethora of

The 15-story building that has

body rituals that include a bath

long defined the Miami Beach

that can sooth your chakras, even a yatra journey that will take you

skyline offers spacious suites of 720 to 1,200 square feet. Toss in Miami-flavored decor and the

on a sensory adventure. The spa is one great reason to do the

multitude of wining, dining, and juicing options, and you have

Carillon dance. For honeymooners, the spa offers side-by-side

got it all at your fingertips. One highlight is The Grill, which has

massages while there are manicure, pedicure, and hair services

a brand new menu and seasonal fresh concept created by Chef,

abound for those looking to take Miami’s sex appeal home. So,

Chef Fritz Zwalen. It offers progressive American Cuisine with

kick off those heels, let your hair down, and hang out with Miami’s

seasonal ingredients and Asian influences.

king of casual luxury.

EAST COAST/WINTER 2015

129

PILLOW TALK Always had a thing for easily upset British chefs? Gordon Ramsay’s MAZE is at your service

PENTHOUSE SUITE

LONDON AND NEW YORK

have

long been romantically involved. Don’t worry, we won’t quote Sting or wax poetic about the two cities, but we are going to tell you about The London NYC. The intriguing hotel caters to “the urban nomad,” and if you are not familiar with the concept, it is what today’s young and hip are calling themselves. The London NYC is a boutique hotel with all-suite accommodations that offer services that said urban wanderers require. We are talking about features like big, comfy rooms, a chic fitness center, and the best concierge in town. Have you

THE LONDON NYC

feet, it is the largest and most luxurious of the hotel’s 562 rooms. All of the interiors boast the work of David Collins Studio, which has served up tastefully urban tones throughout the interior, complimenting the nice views of Central Park from nearly every room. New York undoubtedly will lure you out to play in the evening, so start with a few handcrafted cocktails at The London Bar. If you do decide to stay in or want to invite fellow nomads by for dinner, the culinary team of Gordon Ramsay is at your disposal to whip up dishes at the acclaimed MAZE restaurant.

ever wanted to hit the Big Apple and been stuck in

Even though the hotel is large, it retains a bou-

traffic? That is not going to happen here, this crew

tique feel and a casual yet cosmopolitan demeanor

will find a way to usher you through the gridlock. The London NYC is just a four-block stroll

that intuitive ease required by today’s young elite.

of comfort. The London NYC takes all of the ef-

from Times Square, so don your skinny jeans and

We are referring to special touches like a couples

fort out of enjoying the best the city has to offer,

head out for a morning latte, or if you are of the

massage and a Gordon Ramsay signature cocktail

starting with cuisine and service and continuing

English persuasion, tea would be your beverage of

that are available if you feel like letting the morn-

straight on to the logistics of your stay. So then,

choice. If you are feeling like breakfast in bed, the

ing last. Waking slowly is easy if you booked the

are we urban nomads? If it means a night at The

24-hour service is the best around, all thanks to

London Penthouse; topping out at 2,500 square

London NYC, then yes, yes we are.

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THE TIDES

SOUTH BEACH VACATIONING IN MIAMI

THE TIDES SOUTH BEACH LOBBY

The “Tides Royale” signature welcome drink includes coconut rum and Midorimelon

comes

The Tides to boast guaranteed ocean views from

down to more than just the comforts of home. Sure,

every room in the house, so there is none of that

comforts are big, but it is also about getting a Mi-

stuck-in-a-closet feel here. The rooms and suites are

ami-specific experience. We checked out The Tides

quite spacious, ranging from 550 square feet up to

South Beach, and it is

a 2,000-square-foot penthouse with a 900-square-

pure Miami whilst also

foot terrace. Each and every one of them is out-

being able to compete

fit in tasteful décor by Kelly Wearstler, who put a

in the luxury category.

few crisp reinterpretations on the timeless design to

Best of all, the 1930s-era

keep up appearances.

Art Deco is not just for

The Tides, or “the Diva of Ocean Drive” as it is

show, Miami architect

locally known, very much captures a beautiful time

L. Murray Dixon built

in a stunning place. When you approach, the façade

The Tides in 1936 and

is punctuated by large porthole windows, which are

it proved to be a defining

still cool and iconic. The signature welcome drink

moment in Miami’s Art

is equally well received after the trip. Known as

Deco scene. Although

the “Tides Royale,” it is composed of coconut rum

The Tides is no longer

and Midori-melon, which hint at some scrump-

the tallest building on

tious dishes and refreshments to be had in the Tides

Miami Beach in height,

Restaurant and Terrace. The whole theme harkens

its architectural stature

back to a Miami that has only grown swankier over

and continued relevance

the decades.

have kept it as attractive a stay as ever.

With so many points for style, we have hardly

If you are looking for excitement and a bit of

mentioned the beach and the pools. The Tides pro-

that Miami buzz, the location affords access to all

vides ocean access directly across Ocean Drive and a

the daytime fun like Lincoln Road shopping and

pool with great cocktails and swish cabanas on hand.

to the bump-and-grind options for later in the

Add in that luxury and authenticity, and The Tides

day on South Beach. But the location also enables

makes for a great reason to head to South Beach.

IMAGINE WAKING UP HERE

EAST COAST/WINTER 2015

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PILLOW TALK

INSPIRATION AT THE RENWICK...

THE RENWICK HOTEL

make up for all of that starving that artists too often do. Based on your particular artistic persuasion, The Renwick has a number of different room sizes and styles that range

a superb launch pad for both photography excur-

from the Gallery Suites

sions and city ambles.

to the Signature Suites to

If you are in need of the perfect place to finish

the stately James Renwick

up your next New York Times bestseller, The Ren-

Presidential Suite. The

wick offers extended stay packages and access to

Signature Suites are titled

galleries, museums, and even meeting rooms. After

after prominent thinkers

a night with The Renwick, we are pretty sure it is possible to bottle inspiration, if just until checkout.

IF YOU HAVE EVER DREAMED

and writers who once lived in the building, and

of running away to New York and putting pen to

include works and creative nods to each in their

paper, The Renwick Hotel in Midtown East is a

respective rooms. For those of you who are truly

refuge for artists unlike any other. It radiates with

on a creative pilgrimage, the Artist’s Suite provides

reminders of the building’s old patrons, the likes

a blank canvas on the wall ledge while the Writer’s

of John Steinbeck, Thomas Mann, and F. Scott

Suite has a typewriter, an inkwell, and pen ready

Fitzgerald. Inspiration is in the air. We are talk-

on the desk. But if you simply wish to soak it all in,

ing typewriters, inkwells, and even canvases placed

the décor will certainly not fall short of expecta-

on easels in certain suites, inviting guests to create

tions, as Stonehill & Taylor’s sturdy interiors fea-

their own art. But you do not have to scrimp like

ture a darker palette and appropriate furnishings.

a famished artist, The Renwick Hotel in Midtown

Just to make sure you don’t go hungry, John

lets you live like Gatsby during his most lavish mo-

DeLucie’s first solo restaurant, Bedford & Co., is

ment. So, what do you say we pack our fountain

onsite to finesse some delightful fare right off the

pens and leather-bound notebooks and make a

wood-burning grill. If you are looking to nourish

break for it?

your creativity, The Renwick keeps a calendar of

Named after James Renwick Jr., the famed ar-

the coolest artistic and cultural events in the neigh-

chitect who designed St. Patrick’s Cathedral, this

borhood, like the PDN PhotoPlus International

173-room hotel offers luxuries and amenities to

Conference + Expo. Located in Murray Hill, it is

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9FI5TH.COM

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TERESA ELLIOTT, JAVELINA CLAY 37 D OIL ON LINEN

IT WAS WRITTEN IN THE TIMES Richard Demato is looking forward to finding the next artists who will join the RJD Gallery family.

MARGO SELSKI, DAUGHTERS OF ATLANTIS PASSING THE TORCH OIL AND BEESWAX ON CANVAS

Oﬀering opportunities to work on their craft

treat, a charity that seeks to put an end to domestic violence

full time, RJD Gallery is sending a signal to all artists on

against women and children.

a global scale. Richard Demato may choose to publish his

RJD Gallery employs artists, giving talented individ-

press release in the New York Times. After all, the news-

uals an opportunity to work on their art rather than to

paper has played a fairly significant role in his life to date,

pay the bills. “We currently have 25 artists, half of whom

including how he came to own his own 13-acre private

are exclusive.”

island off of Connecticut. “I just saw the ad for the island, and it was my birthday,” he narrated. RICHARD DEMATO

Exclusivity seems to be an important facet of the business. “We take on marketing costs, which can go upwards

As fate would have it, the exact same situation arose

of $100,000, and that’s not even including the art fairs.”

when looking for the abode he currently resides in: only

With that kind of investment, you’d think he might be in

this time, the New York Times introduced him to a resi-

it for the money, but he assures us that he doesn’t make a

dence built in 1933. “Again, it was on my birthday. And I

penny. Demato is internally motivated, evidenced by the

knew I wanted the house.” Complementing the character

conviction he has when introducing us to his artists.

of the home is his fine art collection. Looking at this pic-

One story that he seemed quite emotionally involved

ture, it becomes rather difficult to envision how Demato

in, is that of Frank Oriti, who paints very honest portraits.

once made a living by delivering, serendipitously

“Frank was putting cardboard on a shelf for $5 an hour. The New York

enough, newspapers.

Times just did a full page

Then, after making his fortune in the textile

“WE CURRENTLY HAVE 25 ARTISTS, HALF OF

review on his work,” De-

industry, Demato was

WHOM ARE EXCLUSIVE. WE TAKE ON MAR-

mato said proudly. And

introduced to the art

KETING COSTS, WHICH CAN GO UPWARDS OF

with a final mention of

world when he joined

$100,000, AND THAT’S NOT EVEN INCLUDING

the benefactor, his story

the board of The Re-

THE ART FAIRS.” - RICHARD DEMATO

came full circle.

EAST COAST/WINTER 2015

135

BEYOND

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HABITAT FIRST GROUP - LOWER MILL ESTATE

ENGLAND ˚ COTSWOLDS

HABITAT FIRST GROUP LIVENS UP ESTABLISHED COTSWOLDS REVERY WITH NEW PROPOSITION.

HOME AWAY FROM HOME EAST COAST/WINTER 2015

137

BEYOND

ver find

collection of homes at

yourself sit-

Lower Mill Estate. Roughly

ting at your

15 minutes from Kemble

desk, in

train station and another

London (or

short drive from Cirences-

elsewhere

ter are 550 acres of pris-

for that matter), dream-

tine land that, according

ing of lush greenery just

to developer (and former

outside the Capital? You

resident) Red Paxton, are

may be lucky enough to

all about, “getting your

live beyond the cobbled

Wellies on and enjoying

streets, somewhere just

the nature reserve.” “It’s a family busi-

across the horizon, with gardens and towering trees

ness,” said Paxton during a

to keep you company.

recent tour and interview. “Growing up, this was our

But perhaps, dear reader, you are a city person just like us. Perhaps, you spend most of your time trotting the pavement and tunneling through many an underground maze on your way to work. If that sounds like your daily commute, we may have just the right proposi-

“In the winter, the lakes freeze up, the fires are going, and we have some events around the estate. There is even a UK safari, where you go out with a guide, look at the beavers, spot the foxes, and deer.” - Red Paxton

back garden. There was only one house here, and as kids, we’d go and climb trees, swim in the lakes, and bring our friends. It was great fun.” Much like Paxton’s own childhood, Lower Mill is about community. Development started roughly 15 years ago and has steadily

tion for you. You see, not too long ago, we had the pleasure of delving into the Cotswolds, the col-

grown with the addition of more homes and families. “The whole idea is

lection of towns in Gloucestershire roughly 1.5-2 hours from London. And

that you stay within your community, you meet your friends, and your kids

boy did it transport us (literally and figuratively). One cannot underestimate

go and play with other kids,” said Paxton.

the calming effect fresh air and the absence of city noise can have on the mind… and the body. So, imagine our delight when we found out about Habitat First Group’s

NATURE AT ITS BEST

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Buyers and current owners can rest assured that only one third of the 550 acres will be developed. The rest will remain as natural and green as it is today. (With a few improvements along the way, of course.)

MODERN IN THE COTSWOLDS

EAST COAST/WINTER 2015

139

BEYOND

PARTICULARS LOWER MILL ESTATE PLACE Cotswolds, Somerford Keynes

PROPERTY Single family holiday homes POOL

PLANS Continuously reinvesting in the

our own disappointment, we did

a housing type. As you may have

property, Habitat First Group has

not have the chance to discover),

gathered from the surrounding

plans to add tennis courts, an in-

there are fire pits and picnic areas,

imagery, Lower Mill does the Cots-

door/outdoor pod-like spa facility,

along with plans for outdoor train-

wolds with a very modern twist.

and an organic farm to the existing

ing areas, in case the treasure trail

pool, restaurant, and nature trails.

didn’t burn enough calories for

years with a whopping 45 differing

And if you were wondering what

that evening’s dinner.

styles currently available to choose

else was going on around the prop-

Planning permission has the

Designs have evolved over the

from. Current favourites include

erty, there are eight fresh water

development earmarked for 450

the Habitat House and the Water

lakes — ready for you to kayak,

properties (320 of which have

Garden. Our personal favourite?

windsurf, or take a refreshing dip

already been built). The self-build

The Sun House.

in the morning.

model has interested parties first

Kids can go treasure hunting on the Miss Mouse trail (which, to

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“It’s grand designs without the

picking out a plot of land (up to an

headaches,” said Paxton. Buyers,

acre in size) and then deciding on

“instruct a recommended builder to

Plot sizes up to 1 acre, property sizes 175 - 1,500 square metres

£ PRICE Plots £250,000 £1.2 million Building prices £250,000 £750,000

PERKS Cotswolds location, spa, 550 acres of nature reserve, 8 freshwater lakes, tennis courts, restaurant, pools

PUT YOUR OWN MARK ON IT

build the house for them for a fixed price over a fixed period of time.” It takes about 14 months from start to finish and can be as customised as you want. “We try to introduce new and different designs every year to keep it fresh. It sets us aside from competitors since nobody has an eclectic mix like this.” The best part? It’s convenient. “It’s a one-stop-shop. If you were to buy in Tetbury, you’d have all the headaches of managing the property. At Lower Mill, you can have very little service or all the service in the world (catering, cleaning, concierge).” Add to that, that Habitat First Group also has a travel company arm that can help manage your property and rent it out for profit. And with the holidays right around the corner, residents can look forward to lots of events in both the winter and spring. Duck racing,

THE RESTAURANT

anyone? “It’s for all seasons,” said Paxton. “In the winter, the lakes freeze up, the fires are going, and we

Speaking of wildlife, fun fact:

eco-friendly, and plenty of nature

have some events around the estate.

Lower Mill reintroduced the beaver

for your family to enjoy. We think

There is even a UK safari, where

to England. Turns out, beavers had

we may have to go back, if only

you go out with a guide, look at the

been extinct for 500 years.

to finish that Miss Mouse trail and

beavers, spot the foxes, and deer.”

So, there you have it. Sensible,

possibly spot a beaver.

“Growing up, this was our back garden. There was only one house here, and as kids, we’d go and climb trees, swim in the lakes, and bring our friends. It was great fun.” - Red Paxton EAST COAST/WINTER 2015

141

INDEX NAME

PLACE

PROPERTY

PLANS

PRICE

PERIOD

NORTHEAST 15 RENWICK

Hudson Square

31 Residences

1,100 - 3,575 square feet

$2 million $7.1 million

Early 2016

24-hour butler, onsite parking, cellar storage, Zen garden, bicycle storage, laundry room, roof deck

NORTHEAST 118 EAST 59TH STREET

Midtown

29 Residences

1,533 - 5,286 square feet

$4.9 million $40 million

Late 2017

24-hour doorman and onsite concierge service by Abigail Michaels Concierge, state-of-the-art fitness center, private treatment room with steam shower, fully furnished lounge, outdoor terrace, gourmet catering, private storage lockers

NORTHEAST 34 PRINCE STREET

SoHo

7 Condos, 2 Townhouses

Condos: 3,000-5,500 square feet; Townhouses: 9,000 and 11,000 square feet

Starting at $7.7 million, townhouses not yet priced

Spring 2016 Spring 2017

Gym, climate-controlled wine cellar, outdoor space and courtyard, refrigerated food storage, private yoga room, historic legacy of property

NORTHEAST WILLIAMSBERRY

Williamsburg, Brooklyn

60 Residences

501 - 2,500 square feet

$625,000 - $3,995,000

Spring 2016

Doorman, storage units, gym, peloton (will be able to connect live to any class in New York), roof lounge, outdoor courtyard with fire pit and water feature

NORTHEAST 172 MADISON

NoMad

69 Residences

891 - 6,241 square feet

$1.6 million $14.5 million

Mid-2016

67-foot swimming pool, gym, yoga room, sauna, storage rooms, bike storage, children’s playroom, resident’s lounge, pet spa

NORTHEAST 360 CENTRAL PARK WEST

Upper West Side/Central Park West

126 Residences

850 - 3,000 square feet

$1.5 million $6.6 million

Late 2015 / Early 2017

The rare combination of a Candela building, gym, doorman, direct access/location on Central Park West

NORTHEAST 45 EAST 22ND STREET

Flatiron

83 Residences

1,929 - 7,000 square feet

$4.8 million - $20.7 million (penthouses yet to be released)

2017

Library, gym and fitness center, basketball court, golf simulator and private training studio, children’s playroom, billiards room and card room, communal living room and terrace, the Sky Club

NORTHEAST 111 MURRAY STREET

TriBeCa

157 Residences

800 - 7,000+ square feet

$2 million $18 million

2018

Separate family and lap pools, expansive windowed kitchens, windowed baths, the commercial offerings of TriBeCa, extensive entertainment area, elite spa experience including heated marble Turkish Hammam, children’s playroom and teen arcade

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PERKS

PAGE

NAME

PLACE

PROPERTY

PLANS

PRICE

PERIOD

PERKS

PAGE

NORTHEAST AKA SUTTON PLACE

Sutton Place

76 Residences, 9 Penthouse Suites

700 - 2,000 square feet

One-bedrooms starting at $1 million

Current limited release of Condominium Residences

Residents lounge, private indoor garden, 24-hour technogym, resort-style heated indoor swimming pool, business center, screening room, AKA branded services, wine lockers, tranquility garden, full-service bar

NORTHEAST 152 ELIZABETH STREET

Nolita

7 Residences

2,000 - 4,203 square feet, PH not yet sized

$5.75 million $35 million

Spring 2017

Tadao Ando architecture and Michael Gabellini interiors, one parking spot for sale per unit

NORTHEAST 52 WOOSTER

SoHo

4 Residences

2,044 - 4,200 square feet plus outdoor space

$5.2 million +

Summer/Fall 2016

Private balconies, private storage room, fireplace. The penthouse includes library/guest room and rooftop terrace with hot tub, outdoor kitchen and powder room

SOUTH FLORIDA

East Edgewater

100 Residences

2,660 - 3,995 square feet for standard residences, 10,000+ square feet for penthouses

$1.8 million $13 million

Early 2018

Lap-pool, bay views, yoga studio, blowdry bar, spa concierge, robotic parking

SOUTH FLORIDA PARAMOUNT MIAMI WORLDCENTER

Downtown

500 Residences

1,186 - 2,611 square feet

$750,000 $5 million

2018

Part of mega-project Miami Worldcenter, direct access to The Mall, upcoming rail station connecting with Orlando, private elevators, 6-acre amenity deck including multiple pools, cabanas, soccer field, gym, spa, private bungalows for sale

SOUTH FLORIDA H3 HOLLYWOOD

Hollywood

247 Residences

600 - 3,000 square feet

$200,000 $400,000

2016

Pool, gym, business center, conference/ event room central location, 24-hour concierge

SOUTH FLORIDA SABBIA BEACHÂ

Pompano Beach

68 Residences

1,800 - 5,900 square feet

$900,000 $5 million

2017

Beachfront location with direct access to ocean, 24-hour valet services, boutique lobby with state-of-the-art security and concierge, fitness center, social room, oceanfront jacuzzi, spa, saunas, bike storage, private covered parking

SOUTH FLORIDA VIDA AT THE POINT

Aventura

6 Residences

3,200 - 3,800 square feet

$2.4 million $3 million

Late 2016

Access to amenities at The Point, outdoor space, private elevators, yacht slips, smart-home automation, Interiors by Steven G.

ELYSEE

EAST COAST/WINTER 2015

143

Christian Liaigre Miami showroom 137 Northeast 40th Street MIAMI, FL 33137 T.(+1) 305 808 3550

www.christian-liaigre.us

Christian Liaigre New York showroom 34 East 61st Street NEW YORK, NY 10065 T.(+1) 212 201 2338 www.christian-liaigre.us

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