News

Eklund Gomes July Newsletter

July 21, 2010

141 Fifth Avenue - This Striking Beaux Arts Masterpiece Welcomes Residents

July 15, 2010
141 FIFTH AVENUE
THIS STRIKING BEAUX ARTS MASTERPIECE WELCOMES RESIDENTS

NEW YORK – (July 15, 2010) – Savanna, a New York City-based real estate investment and development firm, has completed one of downtown’s most successful luxury loft conversions, 141 Fifth Avenue. The 34-unit gem, formerly the 1897 Merchant Bank Building, is located in the heart of the Ladies’ Mile Historic District. The building’s classic beaux arts façade, terra cotta detailing, and distinctive cupola have been meticulously restored to their original grandeur.

A striking cupola dome, rising 30 feet above the rooftop, defines the building and is one of only a few residential cupolas in Manhattan. Inside this dome is a stunning penthouse, priced at $12 million, offering 3,200 square feet of living space. To date, only a few units, including four penthouses, remain for sale at this extraordinary 12-story landmark building situated on a prominent corner of Fifth Avenue.

“There are only a handful of residences remaining at 141 Fifth Avenue,” noted Shaun Osher, CEO of CORE, the building’s exclusive sales and marketing agent. “The sales successes of 141 Fifth Ave reflect the one-of-a-kind history of this building. You cannot recreate the history that this gorgeous beaux arts pre war building provides and buyers are certainly responding to that.”

Restored features include the building’s classic Beaux Arts façade, terra cotta detailing, an ornate 5th floor balcony overlooking Fifth Avenue, a new retail storefront and new wood windows for each residence in the building. In addition, the lobby’s intricate period craftsmanship was restored and updated to create a grand and elegant Fifth Avenue entrance. The New York City Landmarks Preservation Commission has commended the design scheme of the restoration, which was brought to life by the award-winning architecture and design firm of Cetra/Ruddy.

For more information, or to schedule a private appointment, call Emily Beare of CORE at 212-726-0786 or visit www.141FifthAvenue.com.

About Savanna

Savanna is a New York City-based real estate investment and development firm that has been in operation since 1992. Since its inception, Savanna has invested approximately $1.5 billion of capital in multiple asset types throughout the Northeast corridor and Mid-Atlantic region with a clear focus on investment opportunities that provide superior returns. For additional information on Savanna, visit www.savannafund.com.

About CORE

CORE is a boutique real estate firm that delivers the best in brokerage, marketing, communications and advisory services for the luxury residential segment. CORE’s elite group of highly experienced and successful professionals services developers who value efficient, no-nonsense results. CORE was founded by Shaun Osher as a full-service boutique with a national reach and a strict adherence to the principles of integrity, efficiency and results. For more information visit www.corenyc.com.

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Footwear Maven, Rita Magli, Purchases at The Cammeyer

July 14, 2010
FOOTWEAR MAVEN, RITA MAGLI, PURCHASES AT THE CAMMEYER

New York, N.Y. (July 14, 2010) –Rita Magli, former creative mastermind behind the Bruno Magli brand, has a new New York address with a history that suits her: 650 Sixth Ave.

The unit Ms. Magli just signed on once fittingly housed one of the largest shoe retailers in the country, A.J. Cammeyer & Company. CORE agent, Christian Rogers, showed Ms. Magli several New York City properties, but it was the history of The Cammeyer that led the footwear maven to choose this specific unit. “Ms. Magli responded to the story of the building and the particular view of her unit,“ notes Rogers. “The apartment she purchased has a gorgeous view of the adjacent church and its rosary window. Originally from Bologna, Ms. Magli mentioned that this space made her ‘feels like she was coming home’.”

Starting in the mid-1990s and continuing through the early 2000s, the Bruno Magli brand updated its image under the discerning direction of Rita Magli. Rita Magli was formerly responsible for design and product development for the Bruno Magli footwear brand and was the mastermind behind the dramatic change of image undergone by Magli stores around the world. Magli is credited for taking designs that were once tailored to each country and updating the brand for a consistent global look.

CORE agents pride themselves in taking the time to match their clients with the right properties. Regarding Rita Magli, Rogers knew The Cammeyer was the perfect match. “With the extremely busy and discerning clients I work with, it’s imperative to do the legwork and get to know each client personally,” says Rogers. “Concerning Rita Magli, I shared her understanding of the Italian culture and led with that sensibility when previewing properties for her. I knew she would love the history of The Cammeyer.”

Originally built in 1892, The Cammeyer formerly housed A. J. Cammeyer & Company, one of the largest shoe retailers in the country. With white stone pilasters and entablature, red brick Corinthian columns and arches and hand-turned wrought-iron balconies, this former fine shoe store (the world’s largest at the time) has been restored to its pre-war beauty and converted into fashionable lofts in the heart of West Manhattan’s Flatiron district by Penterium, the residential real estate development arm of Kumkang Housing Corp. It is more than The Cammeyer’s renaissance-revival architecture and pre-war details that have stood the test of time – it is the spirit with which it was built. It was, and is today, the epicenter of fashionable living, of forward-thinking design, and an all-things-possible attitude.
Bringing The Cammeyer’s sixty seven residences to market is CORE - a dynamic, full-service, boutique-style real estate and advisory firm. CORE specializes in the sales and marketing of premier residential properties throughout the United States, as well as abroad, through an approach that is based on personalized service, integrity, efficiency, exposure and responsiveness. Based in New York City, CORE has assembled a team of top real estate professionals for The Cammeyer project.

About The Cammeyer

Located at the corner of Sixth Avenue and West 20th in one of “Old New York’s” best-preserved neighborhoods, The Cammeyer is bordered by the Hudson River to the west and Fifth Avenue to the east. The building’s entrance is also located across the street from one of Manhattan’s landmarks – the 19th-century church that once housed the Limelight nightclub – that has been reborn as the Limelight Marketplace, with 35 upscale boutiques and restaurants.

The luxury loft conversion has 67 condominium residences that feature ceilings that soar to up to 12 feet, oversized loft windows, open kitchens, dining rooms and living rooms that make the most of light and space, and distinctive pre-war details including cast iron decorative columns.

Stylish kitchens feature high-gloss Poggenpohl kitchen cabinetry, Corian countertops, SubZero refrigerators, Thermador ovens and Miele appliances. Master baths include spa-like soaking tubs and separate glass showers with Waterworks, Duravit, Jado and Catalano finishes. Buyers have the option of automated window treatments as well as dark walnut stain flooring that serves as a fitting compliment to the building’s modern finishes and fixtures.

The Cammeyer’s classic amenities include a 3,600-square-foot landscaped rooftop that provides stunning views of the Empire State Building and the ornate architecture of the buildings in historic Ladies’ Mile, as well as a state-of-the-art gym with Cybex equipment, a fully staffed on-site management team and a 24-hour doorman.

Additionally, the building boasts private on-site storage spaces of up to 150 square feet that are included in the purchase price of each residence; a unique and desirable feature rarely afforded to condominium purchasers.

The Cammeyer sits firmly within the middle of popular West Manhattan and within walking distance to landmarks, shopping, fine dining, bistros and gastropubs, galleries and theatres, bustling nightclubs and bars, the Chelsea Piers, and adjacent areas such as the Garment District and Greenwich Village.

Residences include studios, one-, two- and three-bedroom penthouses ranging in size from 700 square feet up to 2,035 square feet. Prices start at $845,000.

For more information on The Cammeyer visit the Web site at www.thecammeyer.com or contact Fredrik Eklund of CORE at the sales office by calling 212-726-0796 for an appointment.

About CORE

CORE is a real estate sales and marketing firm that delivers the best in brokerage, communications and advisory services for the luxury residential segment. CORE’s elite group of highly experienced and successful professionals service developers who value efficient, no-nonsense results. CORE was founded by Shaun Osher as a full-service boutique agency with a national reach and a strict adherence to the principles of integrity, efficiency and results. For more information visit www.corenyc.com.

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Eklund Gomes June Newsletter

June 24, 2010
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