MidtownEast

Ralph Lauren Closing Flagship Store

Ralph Lauren announced Tuesday that it will close its flagship store on Fifth Avenue and 55th Street, citing falling revenue and rising rents. As reported by the New York Times, the company, which opened this location in 2014, plans to reorganize by investing more in their online stores. Keeping afloat a business on New York City’s most expensive shopping strip is not a problem unique to Ralph Lauren; Kenneth Cole, Juicy Couture, and H&M have also recently closed their doors. Soaring rents, plus a drop in tourism, has lead to an increase in vacant space along Fifth Avenue.

While rents continue to skyrocket for a square foot of retail space on Fifth Avenue, with an average asking price almost $2,900 per square foot, these companies also have to deal with e-commerce and fewer tourists to spend money in their brick-and-mortar stores. According to the Times, “From 49th to 60th Streets, the availability rate of leases — one gauge of turnover — reached 15.9 percent at the end of last year, up from 6.1 percent five years earlier.” Plus, as 6sqft previously learned, New York City officials expected a drop in tourism from foreigners after President Trump first announced his travel ban, a decline for the first time in seven years. This could play a significant role in the city’s overall economy, as foreign tourists tend to spend more than domestic travelers.

Shares of Ralph Lauren fell nearly 4.5 percent, closing at $77.74 on Tuesday, the biggest same-day drop in two months. In the most recent quarter, Ralph Lauren’s total revenue fell more than 12 percent to $1.7 billion and the company has cut 1,000 jobs and also plans on closing 50 stores by the end of this fiscal year.

Closing the flagship store comes after an announcement in February that chief executive Stefan Larsson was leaving the company, due to “creative differences.” Larsson’s job included leading the company’s reinvention by focusing on more creative designs that would be produced faster. Ralph Lauren’s Polo store officially closes April 15, but its seven other stores in the city remain open.

[Via New York Times]

200 East 57th Street, Unit 7M


200 East 57th Street, Unit 7M

MIDTOWN EAST, MANHATTAN

3 Bed  |  2 Bath

Offered At $2,495,000

Maintenance: $2,864 /mo.  |  Co-op  |  24hr Doorman  |  Roof Deck, Gym & Garage 


 

This brand-new apartment has just emerged from a year-long, top-to-bottom renovation to bring you a triple-mint three-bedroom, two-bathroom home like no other in the building or neighborhood.

The massive, west-facing great room is almost 40 feet long — perfect for entertaining — paved in wide-plank flooring and topped by a lovely tray ceiling and custom lighting. In the nearby open kitchen, you'll find an extra-large window capturing Third Avenue views, and filling both the kitchen and dining room with great light. The custom cabinetry is chic with solid dark wood lowers contrasting the high-gloss white upper cabinets while pristine Caesarstone countertops surround top- of-the-line appliances. 

All three well-appointed bedrooms are spacious and feature a great closet space. The master bedroom is lined with custom built-ins and a luxe en suite marble bathroom.
 Surround sound, in-unit Bosch washer and dryer, and ample storage and custom closet space round out this beautiful and comfortable home. As an added bonus, all utilities are included in the maintenance.

200 East 57th Street is a full-service, 24-hour doorman building offering a fitness center, planted roof deck, private storage, bike storage and parking garage. There's a Whole Foods Market just down the block, and the world-renowned Madison Avenue and 57th Street shopping corridors are minutes away. New York's best restaurants surround the neighborhood, while Rockefeller Center and Radio City Music Hall provide unlimited entertainment options. Subway access is superb with 4/5/6, N/Q/R and E/M service nearby.

More Information Here

Unit 7M Floor Plan

Unit 7M Floor Plan

200 East 57th Street, Unit 7L


200 East 57th Street, Unit 7L

MIDTOWN EAST, MANHATTAN

3 Bed  |  2 Bath

Offered At $1,950,000

Maintenance: $2,974 /mo.  |  Co-op  |  24hr Doorman  |  Roof Deck, Gym & Garage 


 

This highly sought-after three-bedroom, two-bath corner home offers stunning city views, a roomy layout and great finishes throughout.

Step into this beautiful home and take in a giant great room stretching 50 feet from the foyer to sunny west-facing windows. Topped with lovely tray ceilings with recessed lighting and paved with new Brazilian plank floors, this space offers a great flow for lively entertaining with lovely midtown views as your elegant backdrop. There's plenty of room for seating and dining areas, and the attached den offers a great location for a home office, library or playroom filled with great southern sunlight. Two bright windows and chic design make the nearby kitchen a joy to cook in. Top-of-line appliances line the space including a Sub-Zero refrigerator, Viking stove and beverage center, Wolf convection microwave oven and Miele dishwasher.

The bedrooms are large and sunny thanks to more south-facing windows, and the master is outfitted with massive built-ins,
 ensuring storage is never a concern. Both bathrooms are luxurious, awash in marble and featuring lovely Robern vanities and medicine cabinets. A Bosch washer-dryer and custom closets add to this sophisticated home's appeal. Maintenance includes all utilities, including basic cable with internet access, and is 55 percent tax deductible.

200 East 57th Street is a full-service, 24-hour doorman building offering a fitness center, planted roof deck, private storage, bike storage and parking garage. There's a Whole Foods Market just down the block, and the world-renowned Madison Avenue and 57th Street shopping corridors are minutes away. New York's best restaurants surround the neighborhood, while Rockefeller Center and Radio City Music Hall provide unlimited entertainment options. Subway access is superb with 4/5/6, N/Q/R and E/M service nearby.

More Information HERE

Unit 7L Floor Plan

Unit 7L Floor Plan

New Sales Listing - 425 East 51st Street, Unit 10D


425 East 51st Street, Unit 10D

Midtown East

New York, NY, 10022


Offered At $999,000

1 BED | 1 BATH

 View Floorplan  

 

Surround yourself in sunny vistas in this beautiful Beekman one-bedroom, one-bath home encircled by a breathtaking wraparound terrace and a 32-foot long atrium space.

Enter the gracious foyer, flanked by two large closets, and step down into the large, airy living room. While sky-high ceilings rise overhead, you’ll be drawn to the bright atrium, providing an unbeatable dining room backdrop and splendid home office space. From here, step onto your private terrace wrapping a full 270 degrees around the home, providing ample room for multiple seating areas from which to enjoy jaw-dropping Midtown views in all directions. Back inside, the lovely updated kitchen stands ready to prepare quiet breakfasts or bountiful dinners, outfitted with full-sized stainless steel appliances, gorgeous granite counters and custom cabinetry. The roomy windowed bedroom features south-facing windows and two large closets, while the nearby bathroom includes a full bathtub.
 The apartment also features central air conditioning and additional storage space and built-ins add to the beauty and convenience of this gorgeous retreat in the sky.

Nestled on a pin-drop quiet cul-de-sac, The Beekman Hill House is a pet-friendly, pre-war cooperative featuring a part-time doorman, full-time porter, live-in superintendent, basement storage, laundry and a private garden. Delicious international cuisine dots the neighborhood, from formal French dining at Le Perigord and old-world Italian at DeGrezia to contemporary Mexican at Pampano. Lively wine bars and festive beer halls add to the nightlife options, while the services of Midtown offer every convenience. Transportation is excellent with E/M and 6 trains just blocks away.

 

New Glassy Skyscraper in Midtown East Will Look Like It’s Being Pulled Apart - TheRealDeal

303-east-44th.jpg

A new Midtown East tower will look like it’s being pulled apart: The floors will be vertically separated and supported by smooth, white beams, like ligaments stretching between the floors. Or, like chewing gum suspended between the sidewalk and a shoe.

The latest renderings of 303 East 44th Street show a slender glass tower whose floors are separated by 16-foot gaps and supported by elegantly sculpted concrete beams. The effect is that the building looks like it is being slowly stretched, as if the floors were glued together or stuck together with gum, said the building’s architect, Eran Chen, founder of ODA New York. Recognizing this might not be the most flattering comparison, Chen said the beams are sculptures that capture movement and express the tower’s identity as a residential building.

“It really expresses this dramatic act of separating what we used to see as a monolithic tower into a series of smaller pieces,” said Chen. “We’re used to seeing New York City towers as monolithic, huge testaments of corporate power. The minute it becomes residential, it doesn’t have the same scale and it shouldn’t express the same thing.”

Cross section of 303 East 44th Street

Rendering of 303 East 44th Street

The gaps between the floors create private outdoor gardens for 11 units, starting on the 23rd floor of the 41-floor building. Earlier renderings of the project didn’t include the beams, since the floors were supported by the building’s core, achieving a series of “floating gardens.” Such a structure proved too expensive, Chen said, so the beams were added to instead create “sculptured gardens.” The beams also serve to protect the gardens against wind. Five of the gardens are each split by two units, each apartment featuring 1,000 square feet of space, according to Juan Urrutia, a spokesperson at ODA. The penthouse has access to the sixth garden, which has 2,000 square feet of space.

It’s a design that falls in line with many of ODA’s buildings, which often feature a sort of purposeful dissection: Geometric voids carved into the structures to create personal — often outdoor — spaces. The component is clearly seen in a number of ODA’s resi designs — including 100 Norfolk Street, 15 Renwick Street, 275 Fourth Avenue and 510 Driggs Avenue — where outdoor terraces spring from the building’s chiseled negative space. Even the architecture firm’s website plays with this theme: Its loading cursor moves like a self-aware Tetris piece.

The concept at 303 East 44th is among a number of unconventional projects sprouting in Midtown East. SHoP’s “dancing towers” at 626 First Avenue, developed by JDS Development, consist of two bent buildings with copper facades that are connected by a skybridge. SL Green’s One Vanderbilt, designed by Kohn Pedersen Fox’s, will be the first building in the neighborhood to surpass the Chrysler Building’s height. Famously, the design of Macklowe Properties’ and CIM Group’s 432 Park Avenue was inspired by a trash basket.

Benjamin Stavrach, director of leasing and property management at Triangle Assets, the building’s developer, said construction will likely begin in either April or May. Triangle bought the site in 2008 for $10.1 million.

Rendering of terrace up close (inset: Eran Chen)

Rendering of terrace up close (inset: Eran Chen)

Though the ODA’s design will turns heads, Chen doesn’t think it will be out of sync with its neighbors, which include the United Nations and the Chrysler Building. He said the building’s design is “contextual,” in that it embodies its purpose as a residential building. The gaps not only provide outdoor space, but they also lessen the wind load impacting the building, something that other skinny skyscrapers accomplish with unused gaps throughout. Chen also said that private gardens will soon be an expected amenity.

“There’s going to be a time in New York City where living without a substantial outdoor space is just going to be unacceptable. It’s going to be like living in the suburbs without a backyard,” Chen said. “All these towers that don’t have them are going to lose their value.”

Unlike some other high-end buildings, there’s a certain honesty innate in 303 East’s segmented design, Chen said.

“You always look at this kind of tower and think they’re occupied by really rich people, and you say to yourself ‘How many people actually live here?’ There’s no way to know, but here you can really count them,” he joked. “Don’t you think it’s great? Literally you can sit down and say, there’s [11] bastards that actually have the gardens that I don’t have.”

- See more at: http://therealdeal.com/blog/2015/11/11/a-new-glassy-skyscraper-in-midtown-east-will-look-like-its-being-pulled-apart/#sthash.mJI6bqs5.dpuf

Renderings of 303 East 44th Street show a slender glass tower whose floors are separated by 16-foot gaps and supported by elegantly sculpted concrete beams.

Source: 303 East 44th Street | Eran Chen | Architecture Design NYC