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Down by the Riverside


People In Glass Houses: Both developer Jonathon Carroll and architect Winka Dubbeldam plan to live in the Greenwich Street Project.   

If you’re looking for the man most responsible for luring the chauffeured set to Manhattan’s newest Gold Coast wannabe, look no further than Richard Meier. His name is the mantra uttered by downtown brokers and developers spinning the rationale for charging Central Park prices for Abingdon Square environs. When Richard Born broke ground three years ago on the matching Meier-designed glass towers at the river end of Perry Street’s windy corridor, Martha Stewart, Nicole Kidman, Calvin Klein, real-estate developer Scott Resnick, and Sun Microsystems co-founder William Joy were among the first to spend about $2,000 a square foot for raw space that included concrete floors, de rigueur wraparound floor-to-ceiling windows, and vertigo-inducing terraces. The only boldface name to have moved in so far is Rita Schrager, the former ballet dancer and ex-wife of hotelier Ian Schrager (though Boy From Oz star Hugh Jackman is renting there). But the condo board has already been elected: Resnick, Joy, Ian Schrager, and president Calvin Klein, who has almost finished his $14 million triplex.

Bordered by West Houston Street to the south, Hudson Street to the east, and West 14th Street to the north, the Far West Village—the northern end of the new Condo Coast—is only a few blocks from the area where Gwyneth Paltrow, Julianne Moore, and Anna Wintour live in nineteenth-century townhouses that have been protected by the Greenwich Village Historic District since 1969. It’s family-friendly, though the riverfront has yet to have a big family presence. Public School 3 and the Greenwich Village Middle School, both on Hudson Street, have some of the city’s highest test scores, and St. Luke’s School is also a desirable private-school option for the deep-pocketed buyer.

Of course, not everyone is convinced that the new development will mesh with the surrounding area. “It’s really a separate neighborhood, it’s so far west,” says hotelier Jeff Klein, who owns a West Village townhouse and midtown’s City Club Hotel. “Two years from now, when Nicole and all of them get out of there, the glamour will be deflated and it’s not going to be as expensive. It’s a very inconvenient area. It’s not a neighborhood, even though two blocks east is great.

“If you look at East End Avenue, that was created as an expensive enclave,” Klein continues, “but the prices per square foot are not as expensive as Fifth Avenue. The more central you are in the city, the better off you are.”

But the riverfront really is pretty central, especially if, like Kidman, you travel by Town Car and helicopter. It may seem like the end of the world—or at least like Jersey City—but there’s actually a dry cleaner and a parking garage on the same block as the Perry Street towers, which are just a few blocks from established shops like Magnolia Bakery, home of the city’s most celebrated cupcake, and around the corner from Wallsé, one of the area’s top-rated restaurants.

“All the old West Village people, like Lou Reed, Julian Schnabel, and Laurie Anderson, come in here, and I hear stories about before that are much different from what I see now,” says Kurt Gutenbrunner, Wallsé’s Austrian chef-owner. “Look at the traffic! When I came here in 2000, I never would have thought Jean-Georges would be down the street, and now he’ll be in the Meier building. I’m not so lonely here anymore.”

Soon he’ll also be joined by the all-star team renovating Le Zoo, at 314 West 11th Street (about three blocks from the Perry Street towers). Mario Batali and Bono are among the backers of the new restaurant, slated to reopen by next spring with chef April Bloomfield, formerly of London’s River Cafe, a posh Italian restaurant.

"You're seeing a lot of your typical Upper East Side buyers moving downtown for something hipper, cooler, with better views."

The dearth of shops and services isn’t the neighborhood’s only obstacle. The Perry Street towers do look lonely from the street, as only a handful of buyers have finished the raw apartments they purchased, and just one, on the second floor of the south tower, has installed the white shades on the floor-to-ceiling windows that are the only allowable treatments to provide privacy. The Rear Window effect already has some buyers backing out of the building. “It’s not very private,” complains one uptown socialite whose new husband bought a Meier loft before they were engaged and has since put it on the market for $2.75 million. “It’s gorgeous, but it’s more of a bachelor pad.”

Brokers—at least those who haven’t scored commissions in the towers—claim that selling unfinished apartments is a mistake, and 30 percent of the original buyers are trying to flip the Perry Street lofts, with unforeseen difficulty. Born counters that only 5 of 23 units are being flipped, and he doesn’t regret choosing to sell the spaces raw. “Very high-end users want to create their own environment, and whatever I would give them would probably not be what they want,” he says. Martha Stewart’s $6 million, 3,000-square-foot duplex sat on the market for more than a year before finally selling last week, and actor Vincent Gallo recently spent $1.6 million for a loft that the previous owner bought for $2 million—and just sold it since he doesn’t want to live next to a construction site.


Eurosmash: Architect Costas Kondylis and developer Jules Demchick created the sprawling, mixed-design Morton Square for mid- and high-end buyers.   

The third Meier-designed tower will be unveiled next spring, complete with a 35-seat screening room, a 50-foot lap pool, and a ground-level art gallery. Unlike the Perry Street buildings, there will be two apartments per floor, rather than one. The new sixteen-story tower will have 31 apartments, priced at about $2,500 per square foot. Meier is designing everything from the shower curtains to the kitchen sink.

Meier and Senbahar agreed on “an evolution from the Perry Street towers,” Senbahar says, and in deciding to let Meier finish the interior space, the developer is betting he’ll be able to charge up to 50 percent more than the Perry Street prices: “I’ve always believed that the finished product in New York City is a better product, because construction is a tough business.” Prices will start at $4 million and cap at $20 million for the 5,000-square-foot penthouse with 24-foot-high ceilings.

Senbahar closely resembles Morton Square’s architect, Costas Kondylis (who has also designed most of Donald Trump’s condo towers), and somehow it’s hardly surprising that they’re close friends who vacationed together over New Year’s in St. Bart’s. Both are born-to-the-manner Eastern Europeans, but while Senbahar is aiming for the high-end buyer, Kondylis and Morton Square’s developer, Jules Demchick of J. D. Carlisle Development Corporation, have created a compound suitable for middle-to-upper-class residents.

Just a few blocks south of the Meier towers, Morton Square stretches from West Street to Washington Street, with rounded corners that evoke an ocean liner nestled next to the venerable townhouses and shops that line Barrow and Hudson streets. It’s also barely a block from the Archive, a redbrick Romanesque Revival building, constructed in the 1890s as a warehouse for federal archives, that was converted about ten years ago into luxury apartments—complete with a DÂ’Agostino supermarket, a Crunch gym, a dry cleaner, and paparazzi-hounded tenants including Monica Lewinsky.

“Ours is a whole city block,” says Kondylis, who also designed 285 Lafayette Street four years ago, then a pioneering building and still home to such original buyers as David Bowie and Iman. “We took an urbanistic approach. What makes great urbanistic designs is to be contextual. We didn’t just want to drop objects on the site like Meier did.” Which is not to say that Kondylis doesn’t admire Meier’s design: “The standard is now set,” he declares. Kondylis used Meier’s aesthetic for inspiration, as well as the rounded corners of Chelsea’s massive Starrett-Lehigh building, home to the Martha Stewart Omnimedia mother ship.

But Kondylis didn’t copy Meier, much to his developer’s relief. The façade is composed of just 65 percent glass, and the apartments are delivered finished. “We learned from Meier’s mistakes,” says Demchick, who sports a gold pinkie ring. “We’re trying to create substance and security. Floor-to-ceiling windows are not a secure feeling.”

Brokers list Naomi Watts, Stanley Tucci, and Ally Sheedy among the celebrities who have toured the property more than once, and say that Sheedy is moving in, joining the Olsen twins, who bought a $3.5 million condo in lieu of shacking up in a Greenwich Village dorm next fall, when they plan to attend NYU.

Built on a former United Parcel Service parking lot, the development near the north end of West Street includes a fourteen-story condo tower and six townhouses with loft apartments. They’re slated to be ready by next fall. Morton Square’s sales office opened last summer, and about 62 percent of the units, ranging in size from 1,160 to 4,000 square feet, are said to have sold for $1.1 million to $4.25 million.

With its bicycle room and 24-hour valet staff, Morton Square feels more Upper West Side than West Village—which is precisely why artist Chuck Close and his wife Leslie decided to move there from Central Park West. They liked the underground parking garage, since he’s confined to a wheelchair and uses a van for transportation. But to draw buyers like Close, the creative-minded people whom the Far West Village developers are targeting, Morton Square’s developers also commissioned a lobby installation from trendy glass sculptor Tom Patti and plan to add jazzy features like handprint-recognition technology instead of keys to gain entry to the garage.

They also built West Village–style townhouses and downtown-type lofts for people wanting a Tribeca feel—which seems to be working. Andrew Marcus, a 34-year-old single chiropractor, recently bought a $1.85 million, two-bedroom condo. The river views were a major selling point, drawing him from an apartment he owns in Murray Hill. “You can’t beat being on the water,” says Marcus. “Morton Square is unobstructed. Every night you see the sunset over Jersey City. And I don’t think there’s any better place to be than the West Village, for the downtown nightlife and restaurants.”


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