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Real Estate Showcase - Downtown

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LOW-PRICED LUXURY
NEAR FINANCIAL DISTRICT

Five Nine John Lofts, designed by Andres Escobar with architect Karl Fisher, is a conversion of an office building to luxury lofts in the heart of the financial district. “This is an increasingly affordable and family-friendly area,” says Elida Jacobsen Justo, director of Prudential Douglas Elliman's Development Marketing Group. “The neighborhood is growing fast. New parks and schools are coming in, and there's plenty of retail, including a huge gourmet market, Zeytuna, right across the street.”

Studios and 1, 2 and 3BRs - most with home offices and all with high ceilings, top out at about $1.65 million (large 1BRs start in the high $600,000s). Many larger apartments, on four brand-new upper floors, will have fireplaces and ample outdoor space. Penthouses will also be available. The lobby will feature a beautifully designed reflecting pool, and there will be a lounge with an adjoining garden. Other building perks include a resident manager, 24-hour doorman/concierge, storage and fitness center.

ELIDA JACOBSEN JUSTO | 212.349.5900 | PRUDENTIAL DOUGLAS ELLIMAN

 
 
 
             
 

DOWNTOWN CLUB OFFERS
OLD-FASHIONED CHARM


The elegant Downtown Club at 20 West Street (once the famous Downtown Athletic Club), built in 1930, has been converted to a 45-story luxury condo tower, with occupancy scheduled for late this fall. Affordably priced studios, 1BRs and lofts up to 1,800 sf are available, all with granite and stainless-steel kitchens and marble baths. One of many highlights is the 12,000sf Trophy Club, offering fitness equipment, massage, screening room, wireless internet, lounge with bar and private sundeck, and more.

“Several floors have apartments with private outdoor spaces, and some feature set-back terraces, in keeping with the Art Deco style,” says Richard Cantor of Cantor & Pecorella, Inc. “Some loft units have ceilings up to 20 feet high. You have river views from the eighth floor up, five high-speed elevators, and full valet and concierge service. Units range from the mid $400,000s to $1.5 million - ideal for a first-time purchase or for a pied-à-terre.”

RICHARD CANTOR | 212.363.2020 | CANTOR & PECORELLA

     
     
       
             
      GREEN BUILDING GRACES
BATTERY PARK CITY


One of Manhattan’s first “green” buildings, Millennium Tower Residences combines health consciousness with luxury living, according to Matthew Hall, director of corporate communications for Millennium Partners. Environment-friendly features include ducted fresh air, solar rooftop panels to lessen outside electricity needs, and a roof garden landscaped to capture and recycle rainwater for re-use and irrigation.

“We have 236 condo units, ready for occupancy in late 2006,” says Hall. “Most buyers are attracted by the value you’ll find in the Battery Park City neighborhood, as well as by the various green features. You’ll also have a 24-hour concierge, doorman, valet parking, private fitness center, children’s playroom and bicycle room.”

Apartments feature oversized panel windows, 8ft ceilings and Brazilian cherry-wood floors. There are loft-like kitchens in many units, with stone slab countertops, etched-glass backsplashes and custom white-oak and frosted-glass cabinetry. 1BRs start at less than $895,000, and 4BRs are available for under $2 million.

BRIDGET POND | 212.595.7777 | MILLENNIUM PARTNERS
 
     
       
“As we advance into the future, we’re re-creating the past - a time when lower Manhattan had the country’s largest commercial concentration, its most comprehensive transportation system and a booming residential population,” says Kent Swig, principal of Swig Equities. “Over the next three to seven years, Downtown will be a remarkable investment opportunity.”  


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