Living in Uptown, whether its the Upper East Side or the Upper West Side, offers truly amazing amenities for those raising a family in New York City. The Charles, a U.S. Immigration Fund, located on 1st Avenue, is the perfect distance to parks, museums, and NYC's top schools. Read more to see why The Charles is one of the best places to live in NYC. By Danielle Sullivan | March 1 Uptown is the perfect place to move for the whole family to enjoy the views and the perfect location next to Central Park. We’ve created a selective guide to some of the most beautiful and family-friendly homes on both the Upper East Side and Upper West side that you’ll absolutely fall in love with!  

20 East End Avenue

[caption id="attachment_25352" align="aligncenter" width="630"]us-immigration-fund-UWS-UES PHOTO: New York Family[/caption] Situated in the East End enclave of the Upper East Side, 20 East End Avenue is a boutique luxury condominium designed inside and out by the internationally renowned Robert A.M. Stern Architects. With sweeping city and river views, the building consists of 41 2- to 6-bedroom homes, including three triplex townhomes and two full-floor penthouses, along with a multitude of amenities, such as an expansive junior lounge. Designed for ages 7-18, the junior lounge includes multiple flat screen TVs, vintage arcade games, a foosball table, and the latest gaming consoles. Neighborhood Perks: The neighborhood is home to two of the most prestigious all-girls private schools in the city and is a short walk from Carl Schurz Park to the East and Central Park to the West.

180 East 88th Street

[caption id="attachment_25506" align="aligncenter" width="630"]us-immigration-fund-new-york-UES-UWS PHOTO: NEW YORK FAMILY[/caption] One-hundred-eighty East 88th Street is one of the most anticipated new condo developments coming to the Upper East Side. This is a luxury 48-resident building with 2- to 4-bedrooms averaging $2,900 per square foot. The architecture is truly unique, with a façade composed of handmade, handset Kolumba brick from Danish brickmaker Petersen Tegl. The interiors feature vaulted ceilings ranging from 14-28 feet high. One of the nicest interior elements is the brass fixtures in the kitchens and baths. Building amenities include a children’s playroom, teen game room, partial basketball court, fitness center, wine room, and residents’ lounge. Neighborhood Perks: Close to Whole Foods and Fairway, and equidistant to Central Park and Carl Shurz Park. It’s also close to transportation including the 4, 5, 6, and Q trains.

389 East 89th Street

[caption id="attachment_25507" align="aligncenter" width="588"]US-IMMIGRATION-FUND-NEW-YORK-UES-UWS1 PHOTO: NEW YORK FAMILY[/caption] This 33-story tower offers spacious and light-filled interiors that capture classic Uptown living with a modern touch. The building is within short walking distance of Central Park to the West and Carl Schurz Park to the East and surrounded by excellent local restaurants, cultural institutions, and notable primary schools. There are 156 apartments in total in the form of lofts, 1-bedrooms, 2-bedrooms, and 3-bedrooms. An array of lifestyle amenities are offered, including 24-hour concierge/doorman, fitness center, lounge with adjacent private outdoor event space, children’s playroom, landscaped rooftop terrace, private storage, and bicycle storage. Neighborhood Perks: Located a few blocks from 389 E. 89, Asphalt Green offers year-round sports, fitness, and aquatics programs for the entire family.

393 West End Avenue

[caption id="attachment_25508" align="aligncenter" width="630"]393-West-End-US-IMMIGRATION-FUND PHOTO: NEW YORK FAMILY[/caption] Known for its beautiful architecture, this building offers 1- to 4-bedroom residences that have been elegantly reimagined to reflect today’s modern design aesthetic. The building also features a new lobby with full-time doorman, redesigned residential corridors, kids’ playroom, resident lounge with billiards, a new gym, and landscaped roof terrace. With convenience to parks and recreation and proximity to transportation and entertainment, 393 West End Avenue is an ideal location for those looking to retreat to a quiet and elevated quality of life in just a few stops on the 1, 2, or 3 trains. Neighborhood Perks: This culturally rich neighborhood offers several options for entertainment: Escape to Central Park, visit world-class museums, or walk to nearby Lincoln Center.

498 West End Avenue between West 83rd & 84th Streets

[caption id="attachment_25509" align="aligncenter" width="630"]US-IMMIGRATION-FUND-UES-UWS2 PHOTO: NEW YORK FAMILY[/caption] A development from Samson Management, this pre-war building is currently being converted into condos with grandly proportioned 3- to 5-bedroom homes with interiors expertly designed by CetraRuddy Architecture. The first 11 units just closed, but more are coming to market this fall and next year, including a penthouse. Residents can look forward to amenities like a fitness room and a children’s playroom. Neighborhood Perks: The building is just one block from Riverside Park, giving residents easy access to bike paths, jogging trails, playgrounds, dog runs, and other outdoor activities along the scenic Hudson River. It’s also convenient to the Children’s Museum of Manhattan and West Side Montessori and close to entertainment, grocers, retail, restaurants, and transportation on Broadway.

606 West 57th Street

[caption id="attachment_25510" align="aligncenter" width="630"]US-IMMIGRATION-FUND-UES-UWS3 PHOTO: NEW YORK FAMILY[/caption] Designed by world-class architects Arquitectonia, with interiors by Rockwell Group, this building will have 1,028 units. Amenities include a club room/game room, basketball court, children’s activity room, dog grooming, screening room, yoga studio, rooftop lounge and terrace, and more. This new property is now pre-leasing studios and 1- to 3-bedroom rentals. Neighborhood Perks: Offers the best of both worlds at the intersection of Hell’s Kitchen and the Upper West Side.  

235 West 75th Street- The Astor

[caption id="attachment_25511" align="aligncenter" width="630"]ASTOR_HERO_FINAL_US_IMMIGRATION_FUND PHOTO: NEW YORK FAMILY[/caption] One of the most prominent residential buildings on New York City’s Upper West Side, the Astor offers sprawling 1- to 5-bedroom condominium residences with grand proportions and gracious layouts. Residences have been reimagined by renowned design firm Pembrooke & Ives, offering the pedigree and elegance of a pre-war gem combined with a detailed restoration. The building is enhanced by a state-of-the-art fitness center, children’s playroom, 24-hour concierge, and viewing gardens overlooking Broadway. Neighborhood Perks: The Astor is surrounded by some of the city’s most prestigious cultural institutions, museums, schools, and parks: The American Museum of Natural History, New York Children’s Museum, Jewish Community Center, Lincoln Center, the New York Historical Society, Riverside Park, and Central Park.

200 East 94th Street- Carnegie Park

[caption id="attachment_25512" align="aligncenter" width="630"]Carnegie-Park-event-space-US-IMMIGRATION-FUND PHOTO: NEW YORK FAMILY[/caption] This building features a heated pool with lifeguard, a half-acre private park with a playground, and an incredible playroom. The lower level of the building features a fitness and yoga center, while the rooftop terrace is outfitted with a barbecue grill, ample seating, and panoramic views. There are currently several 2-bedrooms on the market in the building, and a 3-bedroom exclusive with private park views is expected this spring. Neighborhood Perks: Cool neighborhood spots nearby include the Corner Café, which is known for its delicious bagels, and it is also near the amazing and prestigious Ballet Academy East and the Craft Studio, which is a fun place to kick back and get creative.

269 West 87th Street- The Chamberlain

[caption id="attachment_25513" align="aligncenter" width="630"]The-Chamberlain-US-IMMIGRATION-FUND PHOTO: NEW YORK FAMILY[/caption] The Chamberlain’s large homes include 2- to 5-bedroom residences, townhouses, and penthouses. The premises feature a private central garden and two floors of amenities, including a lounge, library, fitness center, children’s playroom, and a multi-purpose court, which boasts a basketball court and screening room capabilities. Neighborhood Perks: Located on 87th Street just east of West End Avenue, the quintessential West Side address is surrounded by some of the finest schools, shopping, restaurants, cultural institutions, and parks.

1355 1st Avenue- The Charles

[caption id="attachment_25514" align="aligncenter" width="630"]The-Charles-US-IMMIGRATION-FUND PHOTO: NEW YORK FAMILY[/caption] The Charles is comprised of expansive, full-floor 4-bedroom, 4-bathroom residences, where each residence has its own private elevator landing foyer and service entrance. Each home is designed for seamless living and entertaining, featuring high ceilings, floor-to-ceiling windows offering sweeping city views, and white oak flooring, showcasing a spirit of volume, air, and light. Amenities include a lobby with 24-hour doorman and concierge service, children’s playroom, fitness center with state-of-the-art equipment from Technogym and Peloton, and private refrigerated storage for each residence. Neighborhood Perks: The Charles is idyllically positioned with the natural beauty of the river to the East, and the world-class culture of 5th Avenue’s Museum Mile to the West. Lush parks, including Central Park, Carl Schurz Park, and John Jay Park, along with upscale shops, fine restaurants, some of New York City’s top schools, and an abundance of conveniences are all in very close proximity of The Charles.

344 West 72nd Street- The Chatsworth

[caption id="attachment_25515" align="aligncenter" width="630"]The-Chatsworth-US-IMMIGRATION-FUND PHOTO: NEW YORK FAMILY[/caption] Spacious 1-5 bedroom homes as well as penthouses and townhouses are available in one of the few pre-war developments that offers a comprehensive amenity program to cater to all ages and lifestyles, including: A state-of-the art fitness center, children’s playroom, library, wine tasting room, business center, media room, yoga studio, and residential storage, as well as a private garden mews available to all residents. Neighborhood Perks: Occupying a distinguished location at the corner of 72nd and Riverside Park, the Chatsworth is just moments away from the Hudson River waterfront, numerous transit options, fine dining, shopping, and some of the city’s best schools and cultural institutions such as Lincoln Center for the Performing Arts.

285 West 110th Street- Circa Central Park

[caption id="attachment_25516" align="aligncenter" width="630"]circa-kitchen-US-IMMIGRATION-FUND PHOTO: NEW YORK FAMILY[/caption] This Upper West Side residential development has an array of amenities perfect for inspiring the minds of youngsters. In addition to a children’s playroom and tween room, Circa has an environment that stimulates education, socialization, and fun—equipped with a gaming console and a wide selection of games that keep the heart healthy—as well as a study lounge outfitted with Mac computers to keep the red pens on the mark for writing “A+” only. With its enviable location, Circa offers a prime destination in one of the most vibrant neighborhoods. Neighborhood Perks: Just steps away from various opportunities for families including 843 acres of Central Park, American Museum of Natural History, and the Children’s Museum.

360 East 89th Street- Citzen360

[caption id="attachment_25517" align="aligncenter" width="630"]US-IMMIGRATION-FUND-UES-UWS5 PHOTO: NEW YORK FAMILY[/caption] SHoP Architects’ Citizen360 offers naturally elegant residences and spa-inspired amenities by holistic designer Clodagh. Developed by Anbau, 2- to 4-bedroom residences offer a breathtaking new perspective on the Upper East Side’s Yorkville neighborhood with views of Midtown Manhattan and the East River. Amenities include a full-time doorman and concierge, a residents’ lounge with catering kitchen, a charming playroom with a stage, a fitness center by the Wright Fit, and limited automated on-site parking. 360 East 89th Street. Neighborhood Perks: In addition to communal activities available to residents at the wide range of restaurants, fine food markets, and nightlife venues, there are recreational spaces abound with nearby Carl Schurz Park, the East River Promenade, Asphalt Green, and the 92nd Street Y.

200 West 60th Street- The Concerto

[caption id="attachment_25518" align="aligncenter" width="630"]200-W-60th-US-IMMIGRATION-FUND PHOTO: NEW YORK FAMILY[/caption] The Brodsky Organization’s 36-story Concerto showcases some of the most exceptional views in Manhattan from studios and 1- and 2-bedroom homes. Residents enjoy full-service amenities, such as concierge, doorman, garage, laundry facilities, storage, two complimentary fitness rooms, landscaped park, children’s playground, and a rooftop sun deck. Neighborhood Perks: The neighborhood is home to a multitude of performing arts institutions, including The Metropolitan Opera, New York City Ballet, New York Philharmonic, and the Juilliard School, to name just a few.

205 East 92nd Street- The Easton

[caption id="attachment_25519" align="aligncenter" width="630"]easton-living-roon-US-IMMIGRATION-FUND PHOTO: NEW YORK FAMILY[/caption] For families interested in renting, the Easton has several family-friendly amenities, including a teen room with a game area, private homework stations, and a ballet room. There is also a state of the art Equinox gym on premises, a soundproofed musical room for the musically inclined to practice their instruments without disturbing the neighbors, and a pet grooming/daycare option for pet parents. Neighborhood Perks: Proximity to the new Q train; close to important transportation which makes for a very comfortable lifestyle.

175 West 60th Street- The Encore

[caption id="attachment_25520" align="aligncenter" width="630"]GLENWOOD-05-LOBBY-US-IMMIGRATION-FUND PHOTO: NEW YORK FAMILY[/caption] Located at the corner of 60th Street and Amsterdam Avenue, Glenwood’s latest luxury building offers superior family living on the Upper West Side. The building includes a whimsical children’s playroom alongside studio, 1-, and 2-bedroom homes. Families can also feel safe with 24-hour doorman service. Just two blocks from Central Park, amenities include a children’s playroom, bike room, gym, swimming pool, storage area, and roof deck. Neighborhood Perks: The Encore has direct access to the Central Park Zoo, ball parks, and more.  

160 West 62nd Street- Hawthorn Park

[caption id="attachment_25521" align="aligncenter" width="630"]Hawthorn-Park-US-IMMIGRATION-FUND PHOTO: NEW YORK FAMILY[/caption] Glenwood’s Hawthorn Park is a striking 54-story property that includes 339 spacious homes. Residents enjoy access to a fully-furnished lounge with kitchen facilities, landscaped outdoor terrace, and a children’s playroom with custom hand-painted murals, along with many other amenities. Hawthorn Park is located in the heart of Lincoln Square, where Lincoln Center for the Performing Arts offers an array of options for art, entertainment, and culture. Neighborhood Perks: The neighborhood is also known for its convenient location near both Central Park and the Hudson River, perfect for family outings and activities.

200 East 95th Street- The Kent

[caption id="attachment_25522" align="aligncenter" width="630"]US-IMMIGRATION-FUND-UES-UWS6 PHOTO: NEW YORK FAMILY[/caption] This luxury condo development features 2- to 5-bedroom residences designed by interiors extraordinaire, Alexandra Champalimaud. Residents have access to an impressive array of family-friendly amenities, everything from a stroller valet (on call to seamlessly deliver strollers from a dedicated storage room), Camp Kent, an interactive indoor/outdoor play experience complete with a tree house, “campfire,” and picnic table, and a Sound Lounge envisioned by Lenny Kravitz, supporting budding musicians with a studio space to practice as well as a performance stage. Neighborhood Perks: Close to several afterschool activities for kids, such as the Craft Studio, Ballet Academy East, and Steep Rock Bouldering.

2150 Broadway- The Laureate

[caption id="attachment_25523" align="aligncenter" width="630"]Laureate-US-IMMIGRATION-FUND PHOTO: NEW YORK FAMILY[/caption] This 20-story luxury condominium emulates a classic pre-war look, with a granite and limestone base and an extensive fenestrated paneling system. Highlights include inset Juliet balconies and a warm color palette, allowing the building to blend naturally with the existing fabric of the Upper West Side’s most iconic turn-of-the-century buildings. Floor plans capture the tradition of pre-war standards with modern-day improvements. Homes include large, energy-efficient, and sound-attenuated windows, as well as separate dining and lounging areas, oversized bathrooms, and eat-in kitchens with custom-designed faucets and hardware. Neighborhood Perks: Nearby Lincoln Center hosts the New York City Ballet, the New York Philharmonic Orchestra, and a number of other performing arts programs. The American Museum of Natural History, located in a pocket of Central Park, has over 45 exhibits and scientific collections, as well as a planetarium and library.

1399 Park Avenue- North Park Tower

[caption id="attachment_25524" align="aligncenter" width="469"]North-Park-Tower-US-IMMIGRATION-FUND PHOTO: NEW YORK FAMILY[/caption] Designed by Hill West Architects and Whitehall Interiors, the stunning glass and architectural-grade concrete tower honors Park Avenue’s historic pre-war architecture. This 23-story, 72-unit residence features stunning kid-friendly amenities such as a children’s playroom with a ball pit and rock climbing wall, state-of-the-art fitness center, lounge, and outdoor terrace. With light-filled rooms, high ceilings, acoustically engineered windows, and exquisite wide-plank oak flooring, each residence perfectly balances convenience and modernism. Neighborhood Perks: Just steps from Central Park and Museum Mile, and directly above a privately managed public garden.

1 Columbus Place

[caption id="attachment_25525" align="aligncenter" width="630"]OneColumbusPlace-US-IMMIGRATION-FUND PHOTO: NEW YORK FAMILY[/caption] Standing 51 stories tall, the Brodsky Organization’s One Columbus Place features studios, 1-, and 2-bedroom residences. Most apartments feature a corner window in the main living space—allowing even more light in—as well as panoramic views in three directions, including those of Central Park and the Hudson River. Amenities include a BBQ and grilling area, 24-hour doorman, concierge and valet services, residents’ lounge with sun deck, apple seeds children’s playroom, state-of-the-art fitness and wellness center, bike room, laundry facilities, parking garage, and landscaped private outdoor spaces. Neighborhood Perks: The opera, ballet, and the Philharmonic stages are just moments away at Lincoln Center, while neighboring Hell’s Kitchen and Time Warner Center offer some of the city’s most prominent and innovative new restaurants and shopping. Central Park and its unsurpassed accessibility to a plethora of activities is also minutes away.  

Waterline Square

[caption id="attachment_25526" align="aligncenter" width="630"]US-IMMIGRATION-FUND-UES-UWS7 PHOTO: NEW YORK FAMILY[/caption] One Waterline Square: 10 Riverside Boulevard | Two Waterline Square: 30 Riverside Boulevard | Three Waterline Square: 635 West 59th Street Three soaring condominium towers—with river, park, and city views—are designed by three of the world’s most accomplished architects: Richard Meier, Kohn Pedersen Fox, and Rafael Viñoly. Waterline Square boasts over 100,000 square feet of lifestyle, sports, and leisure amenities that appeal to all ages, and features the first ever combined food hall, market, restaurant, and bar experience by Cipriani. Neighborhood Perks: Waterline Square is perfectly positioned around a brand new, lush park where Midtown meets the Upper West Side.    
EB-5 visas are sought by HNIs seeking permanent residency in US Romita Majumdar | Mumbai | February 28 us-immigration-fund America’s leading EB-5 Regional Center, US Immigration Fund (USIF), is encouraging Indians to apply for their EB-5 visas as early as possible given a possible change to the EB-5 program later this year and a tightening of other visa categories.

 “The requirements to be a qualified investor include one million dollars of net worth and a legitimate source of funds for the principal investment. The EB-5 Program could be expected to receive significant legislative changes by March 23, 2018. Now is the time to invest at the lower investment amount,” said Andrew Graves, the head of USIF’s India Operations.

 The US Congress created the EB-5 Program in 1990 to enable high net worth foreign investors to obtain a US visa for the investor and their immediate family by investing a minimum of $500,000 (Rs 32.6 million) in a US business that will benefit the economy by creating a minimum of 10 permanent US jobs.

 EB-5 has been under congressional review in the US and the investment amounts are expected to increase. According to the National Law review (US), there is a proposal to increase the minimum investment amount to $925,000 for projects in the new definition of targeted employment areas and increase all other projects by another $25,000 to more than $1 million.

 The EB-5 visa enables students and families to acquire a permanent US Green Card in a shorter time than H1-B, EB 1A/B/C, EB-2, and EB-3visa holders. In addition, the EB-5 visa allows students and immediate family members to obtain conditional US residency within 16-18 months, which can potentially give them access to lower in-state tuition rates and higher acceptance rates for prominent universities around the country.

 An immigration analyst, who did not wish to be quoted, said that even as Indian professionals aiming to work in US struggle to make sense of H1B regulations, it is highly unlikely that they will go for EB5 visas instead as the minimum investment amount itself is unaffordable for most applicants and it remains a preserve of high net worth individuals (HNIs).

 Shan Chopra, Managing Partner of The Chopras Group and partner of USIF notes, “A large number of our initial clients have done this purely to obtain access to the United States, not necessarily to migrate to the U.S."

 The EB-5 Program was seldom used until the global financial crisis in 2008-09 where many real estate developers looked for alternative sources of cheaper capital. Per USCIS data, Indian EB-5 visa applicants have consistently increased in recent years with 174 petitions filed in 2017, a 57 per cent increase from 2015.

 USIF plays a key role in the EB-5 process. The investment firm pools EB-5 capital from individuals and invests the pooled capital in highly qualified EB-5 projects in real estate with leading developers from New York City, New Jersey, California and Florida.

“EB5 applicants may include those settled in Middle east or students of wealthy Indians’ (parents) who do not wish to come back to India post studies or in some cases, IT professionals who are not able to get extension on their H-1 or L-1 applications,” said Ajay Sharma, President Abhinav Outsourcing, a visa consultancy firm. He added that while the program has been receiving lots of coverage since last one year, fact is that high interest from India is not getting converted into higher number of filed EB5 applications.

 USIF holds the exclusive rights for raising and investing EB-5 capital for several large-scale residential and commercial real estate projects. USIF’s 24 EB-5 projects will total roughly 18,000 EB-5 green cards arising from 6,000 investors and their families, numbers unmatched within the EB-5 industry.

 The number of USIF Indian investors quadrupled from 2016 to 2017 and the number of investors in 2018 is expected to increase to more than 200 given that the investment amount does not change said USIF .


New renderings for the first of seven buildings at Halletts Point, a U.S. Immigration Fund Project, have been released ahead of sales launch. This building will include amenities such as a grocery store, Brooklyn harvest Market, fitness center, and outdoor spaces overlooking Manhattan. By Michelle Mazzarella | February 22, 2018 [caption id="attachment_25532" align="aligncenter" width="800"]10-halletts-point-exterior-rendering-USIF 10 Halletts Point via The Durst Organization[/caption] The Durst Organization knows a thing or two about locations. They own and have developed some of the biggest properties in Manhattan and now, they’re testing the waters in the outer boroughs with their first non-Manhattan project. The seven-building Hallets Point development broke ground on the Queens waterfront in January 2016 and when complete, the project will bring 400 apartments, new retail, a new K-8 school, and a new waterfront park. Recently, the area became even more accessible with the launch of the Astoria ferry in August 2017.   [caption id="attachment_25533" align="aligncenter" width="638"]10-halletts-point-interiors-USIF1 Interior rendering via The Durst Organization[/caption]   [caption id="attachment_25534" align="aligncenter" width="613"]10-halletts-point-exterior-amenities-USIF Outdoor amenities rendering via The Durst Organization[/caption] One of the buildings, 10 Hallets Point, is gearing up to launch leasing this summer. Construction topped out in September 2017, and new renderings have been revealed (h/t Curbed). The design by Dattner Architects has two towers – one 17-story, one 22-story – rising from a larger base. Communal outdoor space will make the most of the waterfront location and views; additional amenities will include a fitness center and children’s playroom. A 25,000-square-foot Brooklyn Harvest Market in the base of the building, the brand’s first Queens outpost, will be an unofficial amenity for residents and a boon to the whole Hallets Point community. Details on the apartments are not yet available, but approximately 20% of the 405 units will be affordable. [caption id="attachment_25535" align="aligncenter" width="649"]26-01-1st-street-26-40-1st-street-USIF Phase 2 rendering via The Durst Organization[/caption] Meanwhile, construction has begun on the next phase, which comprises a set of two mixed-use buildings. 26-02 1st Street will have 26 stories, 294 apartments, 2,443 square feet of retail space, and 163 enclosed parking spaces. 26-40 1st Street will have 31 stories, 358 units, and 6,959 square feet of retail space. Davis Brody Bond is the architect of records, and renderings show two glassy towers rising along the waterfront. [caption id="attachment_25536" align="aligncenter" width="491"]halletts-point-construction-USIF Construction photos circa September 2017 via CityRealty[/caption]   [caption id="attachment_25537" align="aligncenter" width="491"]halletts-point-construction-1-USIF Construction photos circa September 2017 via CityRealty[/caption]   [caption id="attachment_25538" align="aligncenter" width="829"]halletts-point-exterior-USIF Construction photos circa September 2017 via CityRealty[/caption]  
HFZ Capital Group, a partner of U.S. Immigration Fund, made The Real Deal Magazine’s top ten list of developers in Manhattan by square footage. At the number nine spot, HFZ and U.S. Immigration Fund's project, 76 Eleventh Ave, consisting of two twisting towers, will span 764,332 square feet.   By Kathryn Brenzel | Research by Adam Pincus | February 19, 2018 [caption id="attachment_25125" align="aligncenter" width="650"] Clockwise from left: 30 Hudson Yards, Central Park Tower, Gary Barnett, Bruce Flatt, Stephen Ross and One Manhattan West[/caption] One look at the Far West Side in Manhattan, and it’s pretty clear which developers are the city’s most active. Related Companies and Brookfield Property Partners are respectively the top two most active developers in Manhattan, according to an analysis by The Real Deal. Related is working on 9 million square feet of development, most of which is at Hudson Yards, while Brookfield is handling 3.8 million square feet nearby at Manhattan West. TRD compiled a list of new buildings and major renovations filed with the city’s Department of Buildings since 2005 that have not yet been issued a temporary certificate of occupancy or, if a condo building, declared effective as of mid-January 2018. Here are the top 10 developers by square footage:   1) Related Companies | 9 million sf The largest of Related’s active projects is 30 Hudson Yards, an office tower that’s expected to rise nearly 1,300 feet high and span 3.1 million square feet. Unsurprisingly, the bulk of Related’s construction attention is focused on Hudson Yards, where five active projects will span 8.3 million square feet. Nearby, on the High Line, the developer plans to build a 181-unit condo tower. The project, at 515 West 18th Street, is slated to span 343,051 square feet. 2) Brookfield Property Partners | 3.8 million sf Brookfield’s One and Two Manhattan West office towers will respectively span 2 million square feet and 1.7 million square feet. The company’s developing a much smaller retail building nearby that will be 26,841 square feet. In a statement, the company’s chairman, Ric Clark, noted that 1.75 million square feet has been leased at One Manhattan West, meaning that it’s 84 percent occupied. 3) Extell Development | 3.44 million sf When completed, Extell’s Central Park Tower at 217 West 57th Street will be the city’s tallest residential building at 1,775 feet high. The supertall is expected to be 1.2 million square feet. Though shorter, One Manhattan Square also clocks in at around 1.2 million square feet, according to the DOB. Central Park Tower is also the most expensive condominium project in U.S. history, with a targeted sellout of $4 billion. 4) Silverstein Properties | 3.4 million sf Silverstein only has two projects under construction: 3 World Trade Center, which will span 2.8 million square feet, and 520 West 41st Street, which will be 609,945 square feet. The company is still waiting on an anchor tenant for 2 World Trade Center, a planned 2.8 million-square-foot office tower that will be designed by Bjarke Ingels. In September, the New York Post reported that Deutsche Bank was looking at the tower, as well as 50 Hudson Yards and the Time Warner Center, as a potential new location for its Manhattan headquarters. 5) Moinian Group | 2.6 million sf Moinian’s largest ongoing project is 3 Hudson Boulevard, a 53-story, 1.8 million- square-foot office tower on Manhattan’s Far West Side. The developer is trying to raise between $250 million and $350 million in EB-5 funding for the project, which is expected to cost more than $2 billion. The tower still doesn’t have an anchor tenant. 6) Tishman Speyer | 2.2 million sf The Bjarke Ingels-designed office building at 509 West 34th Street, dubbed “the Spiral,” is expected to span 2.2 million square feet. The project is the only new building that Tishman Speyer is currently working on that hasn’t yet been issued a TCO. Pfizer agreed in August to take 800,000 square feet and become the building’s anchor tenant. 7) Anbang Insurance Group | 1.63 million sf Earlier this week, the CEO of Hilton Worldwide Holdings announced that despite reports that Anbang is selling off its assets, the Waldorf Astoria isn’t one of them. The Chinese firm closed the Waldorf last year, to begin converting the storied hotel into 409 condo units. 8) General Investment & Development Cos. | 1.61 million sf GID is working on three residential projects, all of which are part of the developer’s massive Waterline Square development on the Upper West Side. The largest of the towers is Two Waterline Square at 400 West 61st Street, which will be 880, 994 square feet. 9) HFZ Capital Group | 1.5 million sf Another Bjarke Ingels-designed building is among the largest currently under construction. HFZ’s 76 Eleventh Avenue, known as the Eleventh, will feature two towers — 25 and 35 stories — that appear to be twisting away from each other, as if frozen in the middle of a dance. The project will span 764,332 square feet. 10) Chetrit Group | 1.47 million sf Chetrit is working on five buildings, the largest of which is a 380,341-square-foot residential building at 209 East 19th Street that will be part of the four-building development known as Gramercy Square. The second-largest is a condo building also planned for the development at 228 East 20th Street, which will be 375,107 square feet. The third-largest is a 46-story, hotel and residential building planned for 545 West 37th Street. That project is expected to be 373,275 square feet.  

76 Eleventh Ave, a U.S. Immigration Fund project, is located in what is now dubbed as “Silicon Alley” with many High-tech companies, including Google, moving to Chelsea and the Meatpacking District. 

Director of JLL's New York research office explains how the Meatpacking District has now commanded some of the highest asking rents in manhattan and that  “Google’s historical and continued expansions in the Meatpacking Districts underlie its overall desirability within the tech sector and other industry segments as well.”

By Rich Bockmann | February 15, 2018

[caption id="attachment_25117" align="aligncenter" width="600"] 860 Washington Street, 61 9th Avenue, and 412 West 15th Street (Credit: Google Maps, Google)[/caption]

Since Google first entered the Meatpacking District in 2005 with its lease at 111 Eighth Avenue and its latest deal to buy the Chelsea Market building next door for $2.4 billion, the neighborhood’s growing boutique office market has exploded.

Developers looking to cash in on the “Google effect” have built and are working on a number of boutique office projects in the supply-constrained submarket, chasing asking rents that have climbed as high as $200 per square foot.

But even as developers add hundreds of thousands of square feet of new space to the neighborhood, the added inventory just can’t keep pace with Google’s voracious appetite.

The Meatpacking District will see more than 1.1 million square feet of new supply added since the development wave started in 2014 and the end of 2019, according to data from JLL. (The firm marks the neighborhood’s boundaries as everything west of Eighth Avenue to the Hudson River, between Gansevoort and West 16th streets.)

Some of the new ground-up or repositioned properties include Vornado Realty Trust and Aurora Capital’s 61 Ninth Avenue, Romanoff Equities and Property Group Partners’ 860 Washington Street, RockPoint Group’s 412 West 15th Street, and William Kaufman Organization’s 2 Gansevoort Street, all of which have attracted well-capitalized tenants.

While Google’s exact footprint in the neighborhood is unclear, it easily occupies more than the new supply total, and by some estimates it may have more than double. The internet search giant’s parent company Alphabet has leased nearly 665,000 square feet in just three buildings: Chelsea Market, 85 10th Avenue and at Pier 57 since 2010, according to JLL.

The company’s footprint at 111 Eighth Avenue, which it bought for $1.8 billion in 2010, is somewhat of an industry secret, as Google’s quietly bought existing tenants out of their leases at the 2.9 million-square-foot behemoth to give it more space.

Conservative estimates put its spread there at close to nearly 900,000 square feet, but on the high-end sources said it could occupy as much as 2 million. That means that even though the neighborhood is one of the most active submarkets for new development, new supply can’t keep up. And it’s having an impact on rents.

“The Meatpacking District commands some of the highest asking rents we found in Manhattan,” said Craig Leibowitz, a director in JLL’s New York research office. “Google’s historical and continued expansions in the Meatpacking Districts underlie its overall desirability within the tech sector and other industry segments as well.”

Average starting rents in the neighborhood were $128 per square foot last year, a 68 percent premium over the average for Midtown South, JLL’s data show.

That premium was just 16 percent back in 2014 when new buildings started adding much-needed supply to the area.

Other industries like insurance and finance firms, which are more willing to pay top dollar than other tenants, have moved into the neighborhood and helped push up rents.

And Google’s shown that it will snap up space wherever and whenever possible. Back in 2015, the company inked a deal to lease 250,000 square feet at RXR Realty and Youngwoo & Associates’ Pier 57, and just announced plans to take another 70,000 square feet.

The company is also taking more than 200,000 square feet at RXR’s Starrett Lehigh building on a short-term basis until the pier is ready in late 2019.

Original Post:

New renderings for the first of seven buildings at Hallett's Point, a U.S. Immigration Fund Project, have been released ahead of sales launch. This building will include amenities such as a grocery store, Brooklyn Harvest Market, fitness center, and outdoor spaces overlooking Manhattan.

By Amy Plitt | Feb 16, 2018

[caption id="attachment_25092" align="aligncenter" width="789"] Renderings courtesy The Durst Organization[/caption]

Two years after the Halletts Point megaproject in Queens got its groundbreaking, the first of the complex’s seven buildings is gearing up for its debut. The Durst Organization, the developer behind the Astoria megaproject, will launch leasing for the building, at 10 Halletts Point, this summer; in advance of that, new renderings for have been unveiled.

The building, designed by Dattner Architects, has two towers rising from a larger base; the shorter of the two will have 17 floors, and the taller will have 22. There will be 405 apartments—at least 80 of which will be earmarked as below market rate—spread out between the two towers, though pricing for both the affordable and market-rate units has yet to be revealed.

[caption id="attachment_25093" align="aligncenter" width="814"] Renderings courtesy The Durst Organization[/caption]

In terms of amenities, the development’s biggest one is a public perk: There’ll be a 25,000-square-foot grocery store, Brooklyn Harvest Market, at the building’s base, bringing a much-needed community benefit to the area. In-building amenities include a fitness center, a rec room for kids, and communal outdoor spaces—the better to maximize its Manhattan views.

After its 2016 groundbreaking, the larger megaproject hit a snag in the form of 421-A: When the program, which provides tax breaks to developers who commit to building affordable housing, lapsed at the beginning of that year, the project was put on hold. But after 421-A’s replacement, Affordable New York, was enacted, Durst got the ball rolling again.

[caption id="attachment_25094" align="aligncenter" width="820"] Renderings courtesy The Durst Organization[/caption]

Once it’s complete, Halletts Point will have more than 2,000 apartments, at least 400 of which will be affordable, spread out across its seven buildings; other perks will include a waterfront park and a school. It’ll also benefit from its proximity to the NYC Ferry’s Astoria stop, which opened in 2017.

The world's most famous skyline is getting skinnier and U.S. Immigration Fund projects, 125 Greenwich Street and 101 Tribeca, are no exception. Both projects, featuring luxury amenities, will stand out as iconic structures with their thin facade.

[caption id="attachment_25086" align="aligncenter" width="589"] Credit: JDS Development Group/Property Markets Group[/caption]

13th February 2018 | by Andrea Lo, CNN

The Empire State Building, the Art Deco Chrysler Building, the super-tall One World Trade Center. New York City is home to some of the world's most iconic skyscrapers.
But the buildings entering its famous skyline today are doing something unusual. They're getting skinnier.

Take 111W57 on 111 West 57th Street. Upon completion in 2019, the 1,428-foot-tall (435-meter-tall) building in Midtown Manhattan will not only offer unobstructed views of Central Park, it will also be the slenderest skyscraper in the world, with a width-to-height ratio of 1:24.

Russia, meanwhile, is building its first supertall skinny skyscraper also in Midtown. Moscow-based architectural firm Meganom's "shelves in the air" will top out at 1,010 feet (308 meters) at 262 Fifth Avenue and boast a slenderness ratio of 1:20.

Both buildings are part of a tribe of slender climbers sticking their skinny necks into the city's architectural conversation.

What is a slender skyscraper?

Slenderness is not in the eye of the beholder when it comes to skyscrapers, at least. In this field, it is a technical engineering term. Whether it can be applied to a building is determined by the structure's base width to height ratio, according to Carol Willis, an architectural historian and founder of the Skyscraper Museum in New York City.

"Structural engineers generally consider skyscrapers with a minimum 1:10 or 1:12 ratio to be slender," Willis says.

In 2013/2014, the Skyscraper Museum museum presented its "Sky High & the Logic of Luxury" exhibition, documenting the rise of skinny structures in Manhattan. Slender buildings featured in the show included the 1,396-foot-tall (425.5-meter-tall) 432 Park Avenue; One57 aka "The Billionaire Building;" and the distinctive "stacked homes" 56 Leonard tower.

"New York's slender buildings are unique as a development in skyscraper history -- they're different to simply tall buildings," Willis says, adding that when deciding which skyscrapers to include in the show her team "accepted the slenderness ratios provided by their engineers."

Why slim down?

So when did developers start slimming down their skyscrapers -- and why?

Willis says the "engineering and development strategies of slenderness were first seen in around 2007." She pinpoints luxury residential condominiums One Madison Park, on Broadway and Park Avenue, and Sky House, between Fifth Avenue and Madison Avenue, as the first "slenders" to have cropped up in New York.

Complex zoning laws in the city were a motivating factor, Willis explains. While such regulations restrict the amount of land that can be built on within an area, a loophole allows for the transference of "air rights" from one plot to another. So developers could buy a small parcel of land, then buy air rights from adjacent plots and stack these to gain permission to build a tall tower. For example, if an existing building is shorter than its maximum allowed height then the developer of a new adjacent property could purchase the unused air rights, and stack them to the air rights of their existing plot -- such a transaction is called a "zoning lot merger."

Technological advancements also contributed to the rise of the skinnies.

"Over the past decade, advances in materials and engineering have made building 'supertalls' possible, specifically those with smaller footprints," says Jonathan Miller, president and CEO of New York real estate consultancy Miller Samuel. Towers between 980 feet (300 meters) and 2,000 feet (600 meters) high fall into the "supertall" category.

Standing out from the crowd

While developers typically strive primarily for return on investment, they often also want to create a structure unique enough to get the market's attention, says Miller. Slender designs, which come in all shapes and sizes, tick that box.

Take 111 Murray Street, in Tribeca, which will feature a curved, glass exterior and boast access to luxurious amenities including a concierge private jet service. Or 125 Greenwich Street, designed by award-winning architect Rafael Viñoly: the structure is supported by two beams that act as the framework of the building, resulting in minimal use of columns and more space in the interiors. Meanwhile, the 800-foot-tall (244-meter-tall) 130 William tower in lower Manhattan, by architect David Adjaye, will forgo a glass façade altogether in favor of stone and masonry, materials that pay homage to the history of the street it's located on.

"They are competing with other developers to stand out. The stakes are high financially, so design becomes a big part of the effort," says Miller.

[caption id="attachment_25087" align="aligncenter" width="756"] Credit: Redundant Pixel[/caption] [caption id="attachment_25088" align="aligncenter" width="365"] Credit: March[/caption]

Tall, skinny and good looking

Though the slenderness of a building is not defined by its height, slender towers do tend to be tall -- the "runway models" of the real estate world.

"Out of my window I can see one of these slender towers, which is 60 stories tall," Willis says. "The 30 stories at the top have an uninterrupted view of the skyline. So you're just setting the bar higher ... raising someone's neck, head and eyes above a crowd. "It lends a level of prestige that people are willing to pay additional money for."

Miller agrees. "In many cases this new generation are nearly twice as tall as the prior generation, going from 50 stories to nearly 100 stories, yet sitting on a much smaller footprint."

Supertall slenders can increase the desirability of their neighborhoods. "As a new class of building, they are not always in (traditionally) premier locations -- in fact, their tallness is often used to 'blaze a trail' in an untested residential location," says Miller.

He cites "Billionaires' Row", on 57th Street in Manhattan -- home to many slenders -- as an example.

"It is the central business district and (previously) not known for residential luxury buildings. The introduction of supertalls helped this location morph into a new identity as 'Billionaires' Row.'"

Setting an example?

New York is not the only place with a taste for slender skyscrapers.

In 2003, the 828-foot-tall (252-meter-tall), 75-story luxury residential tower Highcliff was opened in Hong Kong -- a city that, along with New York, has one of the most expensive real estate markets in the world, and a distinct lack of space on which to build. Highcliff has a slenderness ratio of 1:20. Upon completion, its developers claimed it was the slenderest residential property in the world.

Meanwhile, the 73-story Elysium Melbourne -- which measures just 12 meters wide at its narrowest point -- is set to become that Australian city's tallest and slimmest building. Its construction has been approved, although the completion date has yet to be confirmed.

In Sao Paulo, Brazil, AIR Madalena is a decidedly skinny residential property -- the 12 story building has a façade that is narrower than the average single-car garage.

It remains to be seen how long skinny stays in style.

West Hollywood is the leader of the new hotel development boom happening on the West Coast. As hotel sales hit a new record last year in Los Angeles County, U.S. Immigration Fund's West Hollywood Edition emerges in an ideal market. The Edition Hotel developer, Steve Witkoff, states The Edition “is the best located hotel within West Hollywood, a high barrier to entry market and one of the highest RevPAR submarkets in the country". Feb 14, 2018  | [caption id="attachment_25076" align="aligncenter" width="600"] Kimpton La Peer hotel[/caption] There is a hotel boom going on, with West Hollywood a leader in some respects. New hotel development in California in 2017 exceeded the peak set in 2008, according to a report by Atlas Hospitality Group, a hotel sales and investment organization. Atlas reports that 10,793 rooms opened in 66 hotels across the state. The previous record was 10,286 rooms in 2008. Hotel sales in Los Angeles County also hit a new record last year. The $1.7 billion in hotel sales last year is an increase of $344 million over sales in 2016. Atlas reports that the median hotel room purchase price in Los Angeles grew to $127,211, the highest it has been since 2008. That record was achieved in part by the sale of two hotels in West Hollywood, which Atlas reports were the largest acquisitions in L.A. last year Starwood’s purchase of the Jeremy on Sunset Boulevard in June fo $280 million from the C.I.M. Group was the largest sale in L.A. County. The biggest buy in terms of price per room was Jeff Klein’s decision last year to buy out the majority owner of the 81-room Sunset Tower Hotel. Klein paid or $1.13 million per room for a total of $90 million. The Real Deal, a commercial real estate news site, reports that that this year, “the hotel industry is expected to break all previous records for new rooms, including the one set last year when 4,300 opened. To give some perspective, the more than 5,000 rooms now under construction in L.A. County account for 25 percent of all rooms in the works throughout California.” West Hollywood, a geographically small city of only 1.89 square miles, is home to 20 hotels with more on the way. The latest to open is the La Peer on La Peer Drive just north of Melrose. Under construction is the 190-room Edition on Sunset Boulevard and in the planning process is the 240-room Robertson Lane. Several other projects, including ones on Holloway Drive and La Brea Avenue, have been proposed by developers. Steve Witkoff, the developer of The Edition, has called out West Hollywood as an ideal hotel market. The Edition “is the best located hotel within West Hollywood, a high barrier to entry market and one of the highest RevPAR submarkets in the country,” said. (RevPAR is hotel industry speak for revenue per available room.)