News: Brokerage

37-story One Hanson Place undergoing renovations: Building to offer 179 units

One Hanson Place, the former Williamsburgh Savings Bank building that is being transformed into Brooklyn's most distinctive condominium building, is introducing its nine "Clocktower Residences." These exclusive tower floor units are situated just below One Hanson's gilded dome and one of the world's largest four-sided clocks. The units range from three-and four-bedroom single level homes to two duplex penthouses One of the duplexes has arched terraces formerly used as the building's observation deck. In addition to the Clocktower Residences, there are a number of 1 and 2 bedrooms. One Hanson offers a wide range of amenities for use by the entire building. The Sky Lounge is a comfortable and tastefully decorated clubroom and terrace, perfect for relaxing with neighbors or hosting a private event party. A 24-hour business center features dual platform computers for optimal convenience. Children will enjoy their own playroom, and residents can enjoy a workout in the gym before basking in the sun on another outdoor terrace. Brenda Vemich of Stribling & Associates is the director of sales for One Hanson Place. The building has already sold 70% of its 179 residential units including studios, and one-and two-bedroom apartments.
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AmTrustRE secures 5,754 s/f lease with GKV Architects at 360 Lexington Avenue

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A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
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