First FENDI Chateau Residences Launched In Miami

Condominium project offering an immersive and new concept for refined living.

Luxury private developer Château Group and FENDI, the Italian luxury house, have linked a partnership to develop FENDI Château Residences, a new and exclusive 12-story waterfront condominium building located in Miami, Florida, two blocks south of The Bal Harbour Shops. This new venture marks FENDI’s first branded real estate project globally, a new concept that offers its discerning clientele a unique and emotional lifestyle experience that starts at the threshold.

FENDI Château Residences, slated to be completed in June 2016, bring together FENDI and Château Group – two leading global brands synonymous with style. Both share an unwavering passion for producing high quality products with an acute focus on design and creativity, underscored by the art of excellence.

“Characterized by an innovative undulated architecture that echoes the waves, FENDI Château Residences feature expansive waterfront apartments with breathtaking views of the Atlantic Ocean. Its residences and deluxe amenities combine function along with FENDI-style on a grand scale for the very first time,” says Manuel Grosskopf, president of Château Group.

Located at 9365 Collins Ave., FENDI Château Residences feature 58 exclusive floor-thru oceanfront residences and penthouses ranging in size from 3,300 square feet to more than 7,000 square feet, with prices from $5 million to $22 million. Each residence includes a FENDI Casa kitchen – a complete chef’s kitchen with custom FENDI Casa cabinets and Gaggenau appliances. All residences boast finished bathrooms featuring Italian marble with custom-designed fixtures, along with staff quarters and laundry areas, which include full bathrooms. Residents also have the option to include FENDI Casa decorative elements throughout their apartment.

The homes are characterized by bespoke designs and feature distinctive materials such as streaked woods, smoky glass and bronzed reflections that seamlessly reflect FENDI’s highest standards. The residences boast 10-foot ceilings, sweeping views and glass-railed terraces, offering an added level of unmatched refinement and unique architectural elements.

FENDI Château Residences’ plush amenity areas are exquisitely designed by FENDI and decorated with FENDI Casa fixtures and fittings. The common areas include a private restaurant with a full chef’s kitchen; lounge with gourmet kitchen; library; business center; ballroom; kid’s club; private cinema; state-of-the-art fitness center overlooking the ocean; bicycle storage; multiple beachfront pools with cabanas; reflective ponds; spas and Jacuzzis; and a relaxation terrace with aromatherapy. Residents also have access to five-star, white-glove services, including a 24-hour multi-lingual concierge staff, beachfront and poolside service and a doorman and valet.

Strategically located in one of the region’s most prestigious private resort destinations, FENDI Château Residences offer residents the possibility to savor the pulsating life of Miami with its avant-garde art and design culture, as well as its sandy beaches and lush surroundings.


The Most Expensive Homes For Sale In New York

The majority of the most expensive homes for sale in America are found in New York, reports Curbed National.

Among the most expensive properties currently for sale in the country, there are 75 alone in New York with a list price of $30 million or over, reports Curbed. Here is a list of the nine most expensive:

10 West St., $118.5 million:

In Manhattan’s Battery Park is the city’s priciest listing, a three-unit penthouse combination in the Ritz-Carlton. The three units are currently owned by two separate people, but the combined 15,434-square-foot interiors, plus 2,193 square feet of terrace space, will theoretically be sold as a package.

12 East 69th St., $114 million:

Vincent Viola, the owner of the Florida Panthers, and his wife Teresa are selling this 19th-century Manhattan townhouse, after buying it for $20 million in 2005. The 20,000-square-foot residence boasts floors made from old railroad tiles, a Venetian-onyx elevator, a 900-square-foot dining room, gold-leafed walls and a red-velvet home theater.

156 West 56th St., $100 million:

This triplex penthouse was first listed in 2012, and is now on the market again without a broker, making it the most expensive “For Sale By Owner” house in the country. Features include over 8,000 square feet, 6 bedrooms, 9 baths, a private elevator, wine cellar, separate maid quarters and an additional 3,000 square feet of exterior space.

2 East 61st St., $95 million:

This penthouse triplex at The Pierre Hotel belonged to the late financial expert Martin Zweig and encompasses the 41st, 42nd and 43rd floors. Beautiful 360-degree views of Manhattan can be enjoyed in this incomparable property. It also includes the original ballroom at The Pierre Hotel.

635 West 42nd St., $85 million:

The Atelier on 42nd Street near the Hudson River has lumped together nine apartments on its 45th floor and is selling them together for $85 million. The package would total 10,000 square feet and incredible views, and would also include a $2 million construction credit.

432 Park Ave., 94th floor, $82.5 million:

The six-bedroom, seven-plus-bath, 94th-floor penthouse of 432 Park Ave. enjoys panoramic views of Central Park and the city. Features include a wood-burning fireplace, a chef’s kitchen with top-of-the-line appliances, a wine cellar and a spacious master suite.

1 Central Park South, $80 million:

Tommy Hilfiger is selling his Plaza penthouse, which is made of three combined units. Features include one of the Plaza’s domed turret-towers; a custom-painted Eloise mural by Hillary Knight, the book’s original illustrator; and a terrace with Central Park Views.

432 Park Ave., 88th floor, $76.5 million:

This full-floor, 8,055-square-foot penthouse features five bedrooms, seven baths, panoramic views of Central Park and the city. The interiors boast solid oak flooring, soaring ceilings and expansive windows.

25 Columbus Circle, $68 million:

Time Warner Center’s penthouse 78 boasts nearly 400 feet of views in four directions, including over 120 feet of Central Park views. It is the largest full-floor penthouse with over 8,000 square feet and is on the highest floor available on the market.


LCOR Releases The Top-Floor Residences at 250N10

The vibrant, full-service Williamsburg rental building is nearly 60 percent leased in four months.

LCOR, a fully integrated real estate company specializing in property development, investment and management, has launched leasing for the fifth and sixth floors at 250N10, including seven stunning terraced residences. These exceptional apartments offer residents spacious, light-filled homes with large private terraces and incomparable views of the city skylines and iconic Williamsburg Bridge.

“The terraced sixth floor homes at 250N10 offer twice the amount of outdoor space of comparable apartments in the neighborhood, creating the unique opportunity for residents to customize their own personal outdoor living rooms,” said David Sigman, executive vice president of LCOR. “Most of the buildings surrounding 250N10 are low-rise, allowing for outstanding views of Manhattan and Brooklyn from these high-floor homes.”

These refined, modern homes feature sleek design details and high-end finishes including large gourmet kitchens with stainless steel appliances and crisp bathrooms with glass tile highlights. The seven terraced residences range from one- to two-bedroom layouts, and are priced between $4,275 and $6,795.

Along with the unveiling of the top-floor residences, 250N10 reached additional notable milestones, with nearly 60 percent of homes leased and the opening of the amenity spaces. The Marketing Directors, the exclusive leasing team for the building, has leased 136 of the building’s 234 apartments, after the building officially launched in April of this year.

“Many of the renters are drawn to the full-service lifestyle provided at 250N10, as well as the prime location in this influential hub of Brooklyn,” said Adrienne Albert, CEO of The Marketing Directors. “Since launching just four months ago, 250N10 has seen impressive leasing success, and now that the amenities are complete, we expect leasing will continue at a swift pace”

In addition to the newly released fifth and sixth floor homes, 250N10 offers residents a mix of spacious studios, one- and two-bedroom units. Pricing for available homes starts at $2,750 for a studio, $3,400 for a one-bedroom and $4,800 for a two-bedroom.

Residents are offered an array of amenities, including a café lounge  with free WiFi, television and complimentary coffee. The lounge leads out to the building’s stunning landscaped courtyard. Residents also have access to a state-of-the-art fitness center equipped with cardio and weight rooms, a resident’s lounge with pool table and flat screen TV and a furnished roof deck with a BBQ area. Additional amenities include a dramatic two-story lobby and 24-hour concierge services.

250N10 is centrally situated in Williamsburg, just steps from the eclectic Bedford Avenue with its mix of top boutiques, unique cafes, art galleries, highly rated restaurants and music venues. The building is also located near iconic neighborhood venues such as McCarren Park, the Brooklyn Bowl, the Brooklyn Flea and Smorgasburg as well as the Brooklyn Brewery. Just minutes from the L train and the NYC water taxi stop at North 7th Street, residents also have the benefit of a quick one-stop commute to Manhattan.


Leasing Launches at Aurora

The in-demand property is in the North Bethesda Center at the White Flint Metrorail station.

Leasing formally launched at Aurora, and LCOR property on July 11th, but 16 percent of homes were leased during the previews phase.

“Aurora has seen an impressive amount of early interest, as residents are continuously drawn to this community, with its proximity to Metro and short commute to D.C., National Institutes of Health, Walter Reed Military Medical Center and Bethesda,” said Bill Hard, executive vice president of LCOR. “When designing Aurora we paid close attention to the amenity spaces. It is important to us to create an environment that serves as an extension to the resident’s individual homes, with a diverse range of offerings to suit any lifestyle.”

The 18-story luxury building features studio and one-and two-bedrooms apartments with prices ranging from $1,405 to $1,762 for a studio, $1,752 to $2,372 for a one-bedroom unit and $2,293 to $2,824 for a two-bedroom home.

Sustainably built, the building is slated for LEED certification. A smoke-free building, the 341 rental units use efficient plumbing and utilizes designated spaces to support recycling efforts.

Offering amenities that serve as an extension of each unit, residents can enjoy the Aurora Sky Club on the 18th floor that includes a bar, TV lounge, a resort-style pool with a sun deck and sun shelf, a rooftop terrace, conference area, business lounge equipped with Apple and PC computer and a media/game room with shuffle board, table tennis, foosball and electronic gaming systems. Residents can also enjoy a golf simulator, bike repair station, state-of-the-art fitness center, 386 on-site parking spaces and concierge services.

A community green space between Aurora and LCOR’s sister property Wentworth House offers a space for relaxation and will host movies in the park and yoga nights.

LCOR’s North Bethesda Center  is a 32-acre city within a city, the largest joint development project ever approved by the Washington Metropolitan Area Transit Authority. Within steps of the Red Line metro service, the area will be equipped with luxury residences, office space, shopping, dining and entertainment and public outdoor space.


Saul B. Cohen To Receive Lifetime Achievement Award

The president and co-founder of Hammond Residential Real Estate will be honored with the Luxury Real Estate Lifetime Achievement Award.

Who’s Who in Luxury Real Estate is pleased to announce that Saul B. Cohen, president and co-founder of Hammond Residential Real Estate, will be honored with the Lifetime Achievement Award at the 19th Annual Luxury Real Estate Fall Conference in Boston, Massachusetts, on October 8. Cohen is a lifelong resident of the Greater Boston area, having grown up in the popular suburb of Newton, Massachusetts, and is a graduate from Harvard College and the Harvard Graduate School of Business.

With business partner Joe Hare, Cohen established Hammond Residential Real Estate in 1991. Starting with one office in Chestnut Hill, they built the company into a major presence in Eastern Massachusetts and eventually turned it into the premier real estate company it is today with 18 offices. From its earliest days, Hammond’s focus was on building a company of highly professional, top-producing agents and providing them with the highest level of support services and marketing. When Hammond Residential Real Estate was sold to GMAC in 2000, Cohen remained as president. The company was bought back by Cohen and a group of senior management in 2009 and he continued as president.

Hammond consistently closes over $2 billion in residential sales volume and is one of the top three firms in Massachusetts. RealTrends ranked Hammond No. 76 in its 2013 list of largest brokers in the U.S., and its flagship Chestnut Hill office has been the top-grossing sales office in all of Massachusetts for several years, based on MLS data. Cohen was named as No. 98 in the Swanepoel Power 200 survey of the “Most Powerful People in Residential Real Estate” and is also a member of RealTrends “Vision Group” for CEOs of residential real estate companies.

Under Cohen’s leadership, Hammond established the Hammond Performing Arts Series, its major corporate philanthropy initiative. Since 1995, the company has sponsored free-to-the-public concerts in many of the communities in which Hammond has an office. The concerts feature chamber music and opera recitals by professional musicians in the early stage of their careers. Cohen’s personal passion for the performing and visual arts further led to the creation, in 1997, of the Saul B. and Naomi R. Cohen Foundation, supporting the fine and performing arts. Married to his wife Naomi for more than 50 years, the couple are the proud parents of two sons and a daughter; they have two adored grandchildren.

Cohen serves on the Luxury Real Estate Board of Regents, which celebrates its 10th anniversary in 2014, and was also the recipient of the Extraordinary Philanthropist award in 2010. The Luxury Real Estate Lifetime Achievement Award is based on peer recognition, hard work and acknowledgement and is given twice annually to the Luxury Real Estate member who has set an example for the real estate industry, displayed excellence throughout their career and is truly a legend.


Buckhead to Welcome Designer Showhouse

Beginning November 19th and running through December 7th, Atlanta’s Buckhead neighborhood will welcome the 2014 Home for the Holidays Designer Showcase. Presented by White Oak Development, this year’s event will be at the newly constructed, English-style home at 2865 Habersham Road.

Showcasing the work of local and national designers, guests will enjoy tours of the showhouse in addition to seasonal activities. A portion of the proceeds will benefit the Southeastern Horticultural Society’s Children’s Learning Gardens and Farms.

Built by Sheehan Built Homes and designed by Harrison Design Associates, the stone and brick façade home boasts large windows overlooking the hill it’s perched on. The home’s interior includes a kitchen and breakfast nook, a study, sitting room, four bedrooms, four baths and is adorned by a team of carefully selected designers including: Amy D. Morris of Amy Morris Interiors, Barbara Hath of The Mercantile, BD Jeffries, Beth Webb of Beth Webb Interiors, Bill Ingram of Bill Ingram Architect with Daniel Rollins of Gracious Living & Stlyish Entertaining and Brian Patricl Flynn of FlynnSide Out Productions. Carter Kay and Nancy Hooff of Carter Kay Interiors, Lance Jackson and David Ecton of Parker Kennedy Living, Liz Williams of Liz Williams Interiors, Margaret Kirkland of Margaret Kirkland Interiors, Mark Williams and Niki Papadopoulos of Mark Williams Design Associates, Michael Boyd of Smith Boyd Interiors, Randy Korando and Dan Belman or Boxwoods Gardens & Gifts, Susan Ferrier of McAlpine Booth & Ferrier Interiors and Tami Ramsay and Krista Nye Schwartz of Cloth & Kind will also be featured.

For tour and ticket information, please click here.


Land Advisors Resort Solutions Report Southeast Market Surge

The return of builders and buyers are contributing to the resurgence.

Land Advisors Resort Solutions, (LARS), a leading provider of sales and marketing resources for the destination and resort community industry, is bearing witness to the tide coming in as it relates to home sales in the Southeast. LARS market experts note that the resurgence is in part due to builders that have returned to reinvigorate once-dormant projects, and buyers who are looking more toward purchasing developed homesites rather than closing on speculative land deals.

Vacation home sales in particular have surged over the past year, according to statistics from the National Association of Realtors, and more than 40 percent were purchased in the Southeast, where LARS is knee-deep in a number of notable projects. An NAR report released in May indicates the Southeast will also see the country’s healthiest price increases over the next 12 months, at between 3 and 7 percent, indicating a hearty demand for real estate in an enviable region of the country.

“It is exciting to see statistical proof of the market surge in the Southeast, especially since we’ve seen the growth, at least anecdotally, with our projects in that region in recent months,” said Bill Rosengarten, LARS partner and vice president of sales. “The market, particularly in the Southeast, is fielding a variety of queries from large-parcel developers to custom builders to single-family home buyers. It’s about time. That area of the country is beautiful and ripe for a significant uptick in activity.”

Thistle Golf Club and Estates, a luxury golf community in Sunset Beach, North Carolina, is one the high-profile projects with which LARS is involved. LARS has partnered with DGH Thistle, LLC to re-launch the marketing and sales of homesites there, offering 145 custom golf estates, where nearly every lot features a view of either the water or the golf course. The partnership marks the first time in two years that homesites are again available in the upscale community.

Tom Condon, director of sales for Thistle Golf Club and Estates, said builders that had backed out of the market or slowed construction during the recession have returned. In addition, retirees and those inching close to retirement age are again looking at migrating to the Southeast, an option that had been placed on the backburner in recent years.

“While the market is still below the peak it saw prior to the recession, the notable growth we’ve seen over the past year indicates the mood, as well as the financial state of certain buyers, is changing and stabilizing,” Condon said. “Those who stepped out of the market, or extended the length of their careers to avoid retiring during the recession, have returned. They’re back.”

The same trend extends further south. Just minutes from Atlanta, LARS is working with Larry Johnson Development to assist in the completion of Lake Arrowhead, a 5,000-acre lake and golf community offering 2,000 residences. The tranquil community, with its location near a busy growth and commuter corridor, serves as a great spot for a second home or a pre-retirement getaway.


Daniel Gale Sotheby’s Joins Taylor Warner Realty

Daniel Gale Sotheby’s International Realty has acquired Taylor Warner Realty, Garden City, New York’s oldest independent realty company.

Joining the Daniel Gale Sotheby’s office at 102 Seventh Street, The Taylor Warner Realty company decided to join forces to better serve homeowners and buyers.

“When we decided Taylor Warner needed the current technological tools and resources of a larger firm to continue to best serve homeowners and buyers, there was only one firm, Daniel Gale Sotheby’s, that met our requirements,” said Bob Krener, owner of Taylor Warner Realty. “The merging of the two firms’ culture and mission are a perfect fit, complemented by Daniel Gale’s technological expertise and marketing reach.”

Claudia Galvin, who manages the office at 102 Seventh Street for Daniel Gale Sotheby’s expressed great enthusiasm for the merger. “When Daniel Gale Sotheby’s entered the Garden City market, it was through a merger with another highly respected and established local agency, Dougall Fraser. Like Dougall Fraser, Taylor Warner is well established in the community and has great sales people. I’m glad that they chose us.”

Taylor Warner Realty was founded in 1919 and since 1952 has been owned by family members, serving Garden City’s real estate needs. Daniel Gale Sotheby’s International Realty was founded in 1992 and consistently leads the nation in the highest average sales prices. An over $2.4 billion dollar organization, Daniel Gale Sotheby’s International Realty has close to 600 sales associates in 22 sales offices across Long Island.


The CityRealty 100 Report Releases 2nd Quarter Report

Composed of the top 100 condominium buildings in Manhattan, the CityRealty report tracks the performance of the 2nd quarter of 2014.

The CityRealty 100 Report shows that 204 apartments were sold in buildings that are a part of The CityRealty 100, with and average price-per-square-foot of $2,333 during the first quarter. This is an increase of 22 percent compared to the same quarter in 2013. 15 Central Park West saw the most expansive sale during this period for a penthouse unit that sold for $48 million.

The properties of The City Realty 100 have increased at a compound annual growth rate (CAGR) of 6.5 percent since 2004, slightly above the S&P 500, which has a 10-year CAGR of 5.6 percent.

During the 2nd quarter of 2014, 15 Central Park West tops the list of most expensive buildings, with the average price-per-square-foot of $6,288 and an annual CAGR of 12.5 percent. The Time Warner Center follows, with an average price-per-square-foot of $4,689 and a CAGR of 9.4 percent.  The Residences at Mandarin Oriental, Millennium Tower and One Madison round out the most expensive buildings with an average price-per-square-foot of $4,073, $3,640 and $3,492 respectively.

The top price gainer is Millennium Tower with the average price-per-square-foot of $3,640. The Trump Tower, Time Warner Center, The Century and Liberty Loft buildings also saw an increase in price gains.

Around the market, many notable sales were made. The former Citigroup Chairman Sandy Well sold his staff apartment at 15 Central Park West for $5.33 million, four times what he paid for it in 2007. A record sale was made at 299 West 12th Street with the sale of a two-bedroom, two-bath home for $9 million. The previous building record was the sale of the same unit for $5.25 million in 2008.  A neighborhood record was also set in Battery Park at the Residences at the Ritz-Carlton, which saw a sale of$11.7 million for a three-bedroom, five-bath apartment. The same unit sold in 2003 for $4 million.

The building seeing the biggest sales streak is One Madison, which has recorded seven of the twenty most expensive price-per-square-foot deals over the last quarter. The top sale was a 3,310-square-foot home for $15,019,168. Rupert Murdoch’s full-floor unit sold for $14.927 million and another apartment sold for $14.25 million.


Alain Pinel Realtors Acquires Former Coldwell Banker Chief

Rick Turley to lead the firm’s growth in San Francisco and Wine Country.

Alain Pinel Realtors (APR), the fifth largest residential real estate firm in the U.S., recently announced Rick Turley as Vice President of Strategic Planning and Growth for San Francisco and Wine Country. Turley was most recently President of Coldwell Banker Residential Brokerage’s San Francisco Bay Area Region. In his new role, Turley will be responsible for expanding APR’s market footprint and broadening its service offerings.

“Hiring Rick, one of the most talented and experienced executives in Northern California real estate, is a big win for APR and our clients,” said Paul Hulme, APR president, founder and CEO. “Rick’s exceptional knowledge of the market will help us expand in the San Francisco Bay Area, one of the strongest markets in the nation. He will be working closely with our agents to refine the firm’s offerings, making Alain Pinel Realtors the most desirable brokerage to work with in the City. We are thrilled.”

“I am delighted to be joining APR. It’s always had such a stellar reputation, and I am energized to be working with so many talented and hard-working agents and staff members,” said Turley. “I am looking forward to broadening our reach in the San Francisco Bay Area and bring APR’s signature unparalleled service to current and prospective clients.”

Prior to joining APR, Turley was the president of Coldwell Banker Residential Brokerage’s San Francisco Bay Area Region, overseeing 47 offices in nine counties, and a team of more than 2,800 real estate professionals.

Turley began his real estate career with Coldwell Banker in 1986, and developed a flourishing business and loyal clientele. He earned the company’s coveted International President’s Elite, the title of top 1 percent internationally for seven consecutive years and was the branch’s top producer from 1994 until he went into management in 1999. As manager of the highly successful San Francisco, St. Francis Wood/Lakeside office, he grew his office by 50 percent, being recognized consistently in the top five offices in the city for dollar volume. Turley became president in 2007, leading the company through impressive organic growth. He was also instrumental in managing several brokerage acquisitions and successfully navigating through the real estate industry’s worst downturn in U.S. history in 2008.