News: Owners Developers & Managers

HFZ Capital unveils model unit for 11 Beach Street

11 Beach Street - Manhattan, NY

Manhattan, NY HFZ Capital Group, LLC unveiled the model unit for 11 Beach St. Thomas Juul-Hansen was responsible for the project’s interior decoration and design. The new model unit now gives buyers an on-site view of the condominium’s offerings – loft-like apartments with top-of-the-line features such as wide plank flooring, and custom-designed kitchens and baths with luxurious marble stone finishes.    

Along with the project’s upgrades and additions, HFZ and the rest of the development team has gone to great lengths to ensure the conversion was consistent with the context of this historic neighborhood.  

“Given our experience in conversions and adaptive re-use, we understand the importance of defining a project that fits within its neighborhood,” said John Simonlacaj, managing director of Development at HFZ.

Working with BKSK Architects and Joy Construction, HFZ modernized the century-old manufacturing building and created a glamorous TriBeCa residence. As part of the conversion, a terra cotta-clad courtyard atrium was added to provide further light for the units.  At the base of the atrium is an origami-shaped glass pyramid roof that encloses the bespoke fitness center, making for a dramatic workout space. Additional amenities were thoughtfully curated for family living. Adjacent to the gym is a children’s entertainment room, equipped with a James Perse ping pong table and a mini art studio for young aspiring artists. There is also a beautifully landscaped roof garden. 

Simonlacaj said, “The balance between old and new is striking – TriBeCa is not historically a residential neighborhood, and yet the converted building feels as though it was always meant for that purpose.  The difference being, of course, it is now outfitted with all the modern amenities, luxuries and comforts.”   

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
IREON Insights:  Research and development tax credit: Very important deadline for amendments is July 6 - by Richard Levychin

IREON Insights: Research and development tax credit: Very important deadline for amendments is July 6 - by Richard Levychin

If you are a company that either claimed or qualify for the research and development tax credit you need to be aware of the following update resulting from the One Big Beautiful Bill Act (OBBBA).
Hunt Commercial Real Estate Question and Answer:  Evaluating the buyer - by David Hunt

Hunt Commercial Real Estate Question and Answer: Evaluating the buyer - by David Hunt

The Purchaser: This is usually a subjective decision. As an example, a large public company may be a desirable purchaser because it is financially strong, but
Follow the upside: How NYC  investors are rethinking real estate - by Thomas Donovan

Follow the upside: How NYC investors are rethinking real estate - by Thomas Donovan

In my earlier years of brokerage, my team had our investor list divided into five brackets – multifamily, retail, office, industrial and development. For the most part, multifamily investors only wanted to see multifamily
Hunt Commercial Real Estate Q&A:  Location, location, location? - by David Hunt

Hunt Commercial Real Estate Q&A: Location, location, location? - by David Hunt

In working with our clients, we break down our search objectives into two categories. The first category involves the specific needs of your business such as warehouse height, amount of office space and number of loading