JANUARY 2025 MAGAZINE

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NOVOLIFESTYLE

FROM MONICA

Happy New Year!

To my dear friends, family, and clients,

As we close the chapter on an incredible 2024, I want to take a moment to express my heartfelt gratitude for all the support, encouragement, and trust you’ve shown me this year Your belief in who I am personally and professionally has meant the world, and I truly admire all that you do and continue to do

At Novo Collective, we are filled with gratitude as we look forward to an exciting 2025. May the year ahead bring you abundant health, love, joy, and prosperity.

Together, let’s continue to create, collaborate, and celebrate life’s memorable moments.

Cheers to all that lies ahead!

With great appreciation,

FOOD & DINING FOOD & DINING

New York

The 12-time Oscar nominee Bradley Cooper has teamed up with Philadelphia’s owner of Angelo’s Pizzeria, Danny DiGiampertro, to open a Philly cheesesteak shop in the East Village with Danny & Coop’s

Miami

The wait is over. New York’s Mexican seafood and mezcal hotspot, Ensenada, opens in Miami today inside the Vagabond Hotel on Biscayne. Coowners Bryce David and chef Luis Herrera have partnered with the long-standing Mandolin team to bring the second location to the city The team hopes to differentiate the Miami restaurant from New York’s with new items on the menu

Chef Herrera (previously at Cosme, a Mexican fine dining spot in New York) draws inspiration from his Venezuelan upbringing for the food

Vegas

Bar Boheme: Chef James Trees of Esther’s Kitchen is bringing this French fine dining spot (perhaps as soon as late February) to the building at 1405 S Main St , in front of his Petite Boheme bar, which opened in December The color scheme, Trees says, will be pink and green “Wicked” (or Lilly Pulitzer) meets blanquette de veau

Bar Petite Boheme is Now Open

NEW DEVELOPMENT

New York & International

MONOGRAM New York, NY

Introducing Monogram New York, Manhattan’s newest collection of luxury studio, one- and two- bedroom residences by Neri&Hu nestled in the heart of the city’s New Midtown at 135 East 47th Street The building’s striking art deco-inspired architecture draws inspiration from the timeless allure of classic New York City glamour while the exquisitely modern condominium homes infuse a fresh contemporary perspective

BATTERSEA POWER STATION, LONDON

From 1930s elegance and opulence to contemporary clean lines, the Heritage interior palettes produce a seamless blend of old and new for a refined living space

History meets hi-tech at Battersea Power Station Nestled in the carefully restored original facade are three neighbourhoods: Switch House West, Switch House East, with Boiler House Square in the centre

There will be 253 new homes in total, some featuring the original brickwork of the Power Station itself – others crafted with a more modern aesthetic All will have access to the extraordinary rooftop gardens that offer a unique perspective of the station’s towering51-metre chimneys.

SPORTS

January Sports

Australian Open, Jan 11th -26th

The American Express, La Quinta CA, Jan 13th-19th

2025 College Football Playoff National Championship, Atlanta GA ,Jan 20th

Winter X Games, Aspen CO, Jan 23rd-25th

ALCARAZ SEASON 1 BY NETFLIX

Netflix has revealed that the documentary series will closely follow the 2024 season of Carlos Alcaraz, the latest prodigy of the tennis court

LUXURY LUXURY DEALS GUIDE DEALS GUIDE

The Best After Christmas Sales 2024 to Shop Right Now

Nordstrom: Save up to 60% on designer deals with brand new markdowns and special limited-time sales.

Saks Fifth Avenue: Save up to 60% off men’s, women’s, and the beauty departments.

Mytheresa: Shop designer labels like Proenza Schouler and The Neiman Marcus: Luxury fashion steals from The Row and Khaite abound in the designer sale section

Bergdorf Goodman: Thousands of styles have been reduced up to 60% off in the women’s designer sale section.

Net-a-Porter: Sale is on and designer goodies are up to 60% off.

Moda Operandi: Save up to 60% off all the latest additions

And much more...

MARKET UPDATE

Real estate trends evolve slowly, but recent activity suggests 2025 is shaping up to be a year of revitalization for the Manhattan and Brooklyn markets While higher mortgage rates and limited supply remain challenges, growing buyer confidence and adaptability are driving the recovery

If 2024 marked the beginning of recovery, 2025 is poised to transition into growth mode After nearly three years of frustration, sellers are well-positioned to find buyers, and buyers can take comfort in increased market activity and gradually rising prices

Though high rents pose concerns, they underscore strong demand, further supporting the expectation of heightened activity this spring Looking ahead, the 2025 market in NYC will be one of renewed energy and opportunity for all participants

GLOBAL

MARKET UPDATE

THE YEAR AHEAD

A blockbuster deal

Blockbuster growth in values of the sort we saw immediately after the pandemic appears well and truly behind us In Miami, where prime prices soared 84% in the past five years, annual growth slowed to 3 8% in Q4 2024 We reckon a flat year lies ahead

That said, this is a luxury market permanently transformed and the world's wealthiest will continue to fight for the very best waterfront properties This competition is encapsulated by the incredible US$520 million deal struck by a group of investors for 1001 Brickell Bay Drive and 1111 Brickell Bay Drive in Miami's financial district, reported by Bloomberg on New Year's eve The group plans to build super prime apartments on the site, which includes continuous water frontage and is zoned for several towers as tall as 320 meters. Newly minted very wealthy Americans will continue to do deals that are at odds with a broader market struggling to get out of first gear Mortgage rates are ticking up again as markets weigh the prospect of a potentially inflationary Donal Trump second term

GLOBAL SCALE IN ALLIANCE WITH KNIGHT FRANK

71 LANGUAGES SPOKEN OVER 487 OFFICES IN 53 COUNTRIES

Knight Frank and Douglas Elliman celebrate 15 years of partnership, delivering unmatched real estate expertise and growth since 2009

16ème, Paris, France

Signature is a prestigious new address in the heart of Paris, designed to subtly blend Art Deco architectural details, the Parisian art of living, and comforts of modern luxury

It unveils a collection of apartments and penthouses with unique charm and sophistication, some featuring terraces with breathtaking views of Paris and the Eiffel Tower

THE APARTMENTS CONDOMINIUM (FREEHOLD)

SIGNATURE OFFERS AN EXCLUSIVE COLLECTION OF EXCEPTIONAL APARTMENTS AND PENTHOUSES, SOME WITH TERRACES OFFERING BREATHTAKING VIEWS OF PARIS AND THE EIFFEL TOWER.

ELEGANTLY RENOVATED AND FULLY AIRCONDITIONED, THEY COMBINE HERRINGBONE PARQUET FLOORING, MOULDINGS AND GENEROUS SPACE, PERFECTLY EMBODYING THE PARISIAN STYLE

AMENITIES

UPON ENTRY OF THE BUILDING, THE CONCIERGE, PROVIDED BY DISCREET AND ATTENTIVE STAFF, WELCOMES RESIDENTS IN A REFINED DECOR THE TEAM ARE THERE TO MEET THE NEEDS OF RESIDENTS AND MAKES THEIR DAILY LIVES EASIER

PRIVATE UNDERGROUND PARKING SPACES AND A GYM COMPLETE THIS EXCEPTIONAL SETTING WHERE WELL-BEING REIGNS

LOCATION

IN THE HEART OF THE 16TH ARRONDISSEMENT, A STONE'S THROW FROM THE LIVELY VICTOR HUGO DISTRICT, THE SIGNATURE RESIDENTIAL COMPLEX IS CLOSE TO PRESTIGIOUS SCHOOLS, AND LOCATED WHERE CULTURE AND NATURE COME TOGETHER AT THE GATES OF THE BOIS DE BOULOGNE.

PRICE CONVERSIONS: £2,362,598€2,850,000 - $2,926,108

COMPLETION Q4 2025

LOCAL HAPPENINGS

RESTAURANT WEEK JAN 21ST - FEB 9TH

Restaurant Week is more than just a foodie event; it celebrates culinary creativity, community, and culture. For seasoned food enthusiasts and casual diners alike, Restaurant Week provides the perfect opportunity to explore diverse flavors and enjoy special menus curated by top chefs. Whether you’re in a bustling city or a charming small town, this highly anticipated event offers something for everyone, including specialty dining cruises offered by City Cruises that combine mouthwatering flavors with jaw-dropping views. Here’s a deep dive into how you can make the most of a city’s Restaurant Week and why it’s an event worth marking on your calendar!

EXPLORE 15,000 SQUARE FEET OF BANKSY-INSPIRED ART

308 N. 7TH STREET

PHB

3 Bed | 2.5 Bath | 1482 sqft PRICE: $2,999,999

This three-bedroom, two-and-a-half-bathroom home boasts a custom kitchen with Italian stone countertops and Bosch appliances. The spa-like bathrooms are equipped with Waterworks fixtures. Additional features include wide plank oak flooring, multizone air conditioning, in-unit laundry, and two outdoor terraces

MORTGAGE RATES 2025

Mortgage rates have risen for the third consecutive week. According to Freddie Mac, the 30-year fixed mortgage rate has increased by six basis points to 6 91%, and the 15-year fixed rate is up by 13 basis points to 6 13% This puts both well above their 52-week averages

So, will home buyers see some relief with rates in 2025?

Probably a little

WHAT COULD MORTGAGE RATES BE IN 2025?

According to its December Housing Forecast, Fannie Mae predicts the 30-year fixed rate will hover around 6 60% in Q1 2025 and end the year at 6 20% The Mortgage Bankers Association also expects a 6 60% 30-year fixed rate at the beginning of 2025, but it predicts it will sit at 6.40% in Q4.

ARTS & ENTERTAINMENT ARTS & ENTERTAINMENT

OH, MARY! ON BROADWAY

COLE ESCOLA'S GLEEFULLY IRREVERENT COMEDY IS THE FUNNIEST PLAY IN YEARS

THE WINTER JAZZFEST

This year's fest runs Thursday, January 9, 2025 to Wednesday, January 15, 2025, with immense "Marathon" events in Manhattan on Friday, January 10 and in Brooklyn on Saturday, January 11 More than 100 groups from around the world will perform at this year's Winter Jazzfest

In the spotlight this year are: Aja Monet, Sophye Soliveau, Fay Victor, Brazil Music Club, Makaya McCraven, and many more Events take place at more than a dozen venues throughout NYC, like Nublu, DROM, Roulette, and many more

UNDER THE RADAR FESTIVAL

Just two years ago, Under the Radar was about to go under The annual showcase for experimental theater from across the country and around the world had been a staple at the Public Theater every January since 2006 But budget cuts for the Public’s 2023–24 season brought the axe down on that tradition Theater fans decried what seemed like the end of an era, and another sign that New York was becoming inhospitable to noncommercial work

But then something wonderful happened: Instead of going under, the festival went wide

A number of theater spaces including La MaMa, Lincoln Center, New York Live Arts, NYU's Skirball Center and St Ann's Warehouse (where the festival started in 2005) joined forces to present Under the Radar's 2024 programming in venues throughout the city And the good news continues this year During a time when downtown theater has been contracting in New York, the 2025 Under the Radar festival, which runs from January 4 through January 19, is actually expanding

Purchase Tickets Here

SUNSET BLVD, ON BROADWAY

In the 1950 film masterpiece Sunset Boulevard, Hollywood glamour is a dead-end street Stalled there with no one coming to find her except perhaps to use her car is Norma Desmond: a former silent-screen goddess who is now all but forgotten Secluded and deluded, she haunts her own house and plots her grand return to the pictures; blinded by the spotlight in her mind, she is unaware that what she imagines to be a hungry audience out there in the dark is really just the dark

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