In another encouraging sign pointing to New York City's recovery, Google just announced it has acquired The St. Johns terminal in Hudson Yards for $2.1 billion. Google had been leasing the space and will be adding an additional 2,000 employees to their existing 12,000 employees already based in the city. Facebook (Midtown) doubled down on physical office space in New York. It signed a major deal during the pandemic making it one of the city's largest corporate tenants. Microsoft (Flatiron), Roku (Times Square), Amazon (Bryant Park) are also all expanding their NYC footprint. So, while financial firms may be finding they are in need of less space here in NY, tech companies large and small, attracted to the deep, educated labor pool, are expanding their presence in the Big Apple, driving net economic growth for our beloved city. In fact, in the second quarter, tech companies toured roughly 2.1 million square feet of NYC office space, 91% more than in the previous three months, according to commercial property This is exciting news for local businesses and cultural institutions, which are the lifeblood of our city. And naturally, we expect this highly-paid workforce to ultimately become buyers of residential real estate across all price points.
Could the technology industry be one of the key drivers of the city's recovery and the next real estate boom? We certainly think so! |
Read on to learn more about: |
Where History and the Future Come Together |
One Wall Street is the largest office building to residential condo conversion in NYC history. Architect Ralph Walker designed the Art Deco building 90 years ago and now Macklowe Properties is doing a $1.5B transformation into 566 luxury units ranging in price from $990K to $12.750M. Each apartment will include a premium quality Italian marble kitchen, marble bathrooms and many of the residences will also include home offices and outdoor space. The private “One Club” is spread out over 100,000 sf and offers a 75’ indoor swimming pool with panoramic views, a 4,000 sf landscaped terrace on the 39th floor, a fitness center, spa, a large co-working space with conference rooms, and children & teen spaces. One Wall Street is officially on the market and set to begin closings Winter of 2021.Please reach out to us for additional information regarding this (or any other) NYC new development opportunity! |
Anticipated New Fall Restaurants! |
Jack & Charlie's No. 118, West Village Chef Ed Cotton's new eatery, slated to open this month, is influenced by the traditional dinner clubs of NYC and features creative new American cuisine. Menu highlights are the handmade pasta, wood-fired dry-aged steaks, and fresh seafood. We're also really excited about the table-side martini service which will include at least half-a-dozen variations. Pickles, garnishes, bitters and tinctures will all be prepared on-site. |
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Zou Zou’s, Hudson Yards Zou Zou’s, which is supposed to open any day now in the Pendry Hotel, is one of the most anticipated Fall openings because its coming from the group behind Don Angie and Quality Eats. The restaurant’s focal point will be an open hearth used to prepare dishes like smoked cherry lamb chops and duck borek. Zou Zou’s will also serve a variety of fresh-baked flatbreads and spreads. |
Sweetbriar, Kips Bay
Sweetbriar, at the Park South Hotel, will spotlight fresh seasonal vegetables and meat cooked on live fire using wood and charcoal. With beverage master, Ivan Papic, and design by Lea Cojot (of Soho House and 74Wythe), we are sure the crowd will come ready for a good time.
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Your Celeb Real Estate Rundown |
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Eric Schmidt, the former Google CEO, just bought a Noho penthouse for $27.5M. This four-bedroom is on Bond Street and spans nearly 6,400 sf plus additional private terraces. The space also includes a stone-and-wood roof deck with a sweeping 360-degree view of the New York City skyline. |
The historic, 8,700 square feet townhouse in Greenwich Village that Travis Scott and Kylie Jenner were renting is now back on the market for $26.5M. The 6 bedroom, 7 bath home has an amazing wine tasting lounge and an outdoor space that includes a hot tub, cabana, and kitchen, plus a zen sanctuary off the third floor. The property, built in 1839, was once owned by famed composer John Philip Sousa. |
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Mary Kate Olsen and her ex-husband's former 8,700 square foot 5 story townhouse was just listed for $11.5M, $2M less than what they paid. The historic property in Turtle Bay was built in 1921 by architects Edward Dean & William Bottomley as part of a group of townhouses designed as an artists’ enclave. Never fully renovated, the mansion is now being sold as unfinished and empty but retains its 22 foot coffered ceilings and fireplaces. |
Have a Pet and a Clean House Too! |
Pets are a wonderful addition to any household. Find our suggestions below on how to enjoy your furry friend while keeping your home fur and dirt free! |
Tip 1: Use indoor-outdoor rugs Protect the floor of your pets' favorite lounging spots. These rugs don’t let anything soak in, and they wipe clean with a damp rag. |
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Tip 2: No more lint brushesDid you know latex gloves will remove hair from your couch? Wet the glove with water, and the hair comes right off! |
Tip 3: Hard to reach spots Pet dirt could settle into hard to reach nooks and crannies. Wrap a baby wipe around a skewer and clean baseboards and in |
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How is the Luxury Market?
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Residential Properties $4M and Above |
Please feel free to reach out for a more in-depth look at neighborhood-specific market trends and data. |
Which Kanbar Kopel Team Listing is your Favorite? |
4 Bed | 2.5 Bath| Co-op | Coming Soon
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1 Bed | 1 Bath | Co-op| Coming Soon
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Studio | 1 Bath | $625,000 | Sold
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© Compass 2021 ¦ All Rights Reserved by Compass ¦ Made in NYC
Compass is a licensed real estate broker. All material is intended for informational
purposes only and is compiled from sources deemed reliable but is subject to
errors, omissions, changes in price, condition, sale, or withdrawal without
notice. No statement is made as to the accuracy of any description or measurements
(including square footage). This is not intended to solicit property already listed.
No financial or legal advice provided. Equal Housing Opportunity.
All Coming Soon listings in NYC are simultaneously syndicated to the REBNY RLS.
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