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In New York’s Newest Developments, Outdoor Spaces Come at a Premium

Even as people return to the cities, Manhattan’s condominium sales remain slightly sluggish even while rent prices soar. Citing rising interest rates, luxury buyers appear hesitant to buy into off-plan developments, which tend to carry fairly more risk compared to built properties. However, as Mansion Global recently reported, that’s when some of the best prices and concessions can be scored. Still, New York developers continue to entice prospective buyers with showstopping design and generous amenities. Thomas Juul-Hansen Design expands its portfolio with two posh, Scandinavian-inspired buildings on our list. Conversely, the projects completed by Woods Bagot, Workshop/ADP and Roger Ferris + Partners camouflage into their surroundings. While some are bulking up on amenities like lounges, gyms and wellness perks, others are opting for curated partnerships with nearby businesses, such as luxury fitness clubs. In-house concierge services promise to make life more convenient by squaring away dinner, theater and car-service reservations. Read on for a peek of Manhattan’s newest selection of luxury condos on the market this fall. Sutton Tower, 430 East 58th St., Sutton Place Renderings: Pandiscio Green Located in Sutton Place, a ritzy enclave along the East River waterfront, Sutton Tower soars above its neighbors at 848 feet. Danish-born architect Thomas Juul-Hanson designed the Bavarian limestone building to take advantage of outstanding views. “It’s an unusual position to stand, looking directly south, down the East River at those beautiful bridges of New York—the diamond necklaces of New York if you will—and you can see all the way out to the Atlantic Ocean. You can see the full expanse of the New York skyline, and that includes these heralded buildings like the Empire State Building, the Chrysler Building and new icons such as One Vanderbilt,” said Beth Fisher, senior managing director at Corcoran Sunshine Marketing Group. All residences are corner units no lower than the 15th story. Sales start early this fall and completion is expected late this year. Number of Units: 121 Price Range: One-bedrooms start at $2.5 million and full-floor residences start at $18 million Developer/Architect: Gamma Real Estate and JVP Management/Thomas Juul-Hansen and Stephen B. Jacobs Group Apartment Sizes: One- to four-bedroom corner residences, and full-floor penthouses Amenities: A 50-foot swimming pool, whirlpool, spa suites, steam rooms, infrared sauna, fitness center, boxing room, billiards lounge with an outdoor dining terrace, library, media room and garden Website: 450 Washington, 450 Washington St., Tribeca Renderings: Binyan Studios 450 Washington, spanning the block on West Street between Watts and Desbrosses streets, offers owners the Hudson River Park as their backyard. Architectural firm Roger Ferris + Partners refinished the building’s facade in a French limestone plaster, “to reflect the shimmering water of the Hudson River and the city’s most beautiful sunset views,” Mr. Ferris said in a press statement. The development will offer residents a private, 8,000-square-foot courtyard and rooftop deck, both designed by Hollander Design Landscape Architects. “Joining its next door neighbors 456 Washington and 70 Vestry, 450 Washington will offer buyers a rare opportunity to own a modern home with protected waterfront views in the coveted Tribeca neighborhood,” said Robert Bernstein, senior vice president at Related Companies. Sales start this October, and construction is expected to be completed in 2023. Number of Units: 176 Price Range: Studios start at approximately $1 million and penthouses start at $10 million Developer/Architect: Related Companies/Roger Ferris + Partners Apartment Sizes: Studios to four-bedroom penthouses Amenities: A private courtyard entrance and 12th-floor roof deck overlooking the Hudson River, fitness center, lounge, conference rooms, golf simulator and children’s playroom Website:

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