News:
Owners Developers & Managers
Posted: June 5, 2018
TF Cornerstone launches 606W57: Designed by Arquitectonica
Manhattan, NY TF Cornerstone has opened and launched the leasing of their newest 44-story rental building in Hell’s Kitchen. With a design by Arquitectonica, 606W57 stands apart with amenity offerings, apartment layouts, views, and social opportunities.
“TF Cornerstone is thrilled to bring 606W57 - one of New York City’s largest residential buildings - to Manhattan’s West side,” said Zoe Elghanayan, principal at TF Cornerstone. “Drawing from the neighborhood’s rich history, coupling modern and traditional function and design choices, the building features a dynamic set of social and individual amenity offerings. With its spectacular amenities and incredible panoramic views, 606W57 will redefine waterfront living on the Hudson.”
Located at 606 West 57th St. between Eleventh and Twelfth Aves., 606W57 features a 50,000 s/f amenity and fitness complex. This includes indoor and outdoor lounges, BBQ grills, sundeck, club room, pet grooming, screening room, kids’ lounge and play area, gallery of communal and individual work areas, Social Stair, and other creativity-inspiring common areas. Signage was sourced and preserved from the garage formerly at the site and thoughtfully incorporated into the amenity spaces.
The fitness center features a full court basketball gym, Peloton bikes with an on-demand class streaming subscription, yoga and barre studio, cardio balcony, free weights and strength training, and stretching room.
Other amenities include “HomeWork,” TF Cornerstone’s signature coworking space, for residents. The building contains 1,028 units: 218 studios, 436 one-bedrooms, 343 two-bedrooms, and 31 three-bedrooms units.
Monthly rents start at $2,795.
The building also includes a 10,000 s/f Pre-K, which is in addition to 26,253 s/f of prime ground floor retail space – creating additional community amenities.
Adjacent to 606W57, TF Cornerstone and Karlssonwilker Inc. are developing a 28,000 s/f mural, which will explore the rich history of the neighborhood – culminating in a vision of an evolving skyline within NY’s historical landscape with carefully curated commissioned and public domain poetry. The mural is slated to be complete by fall 2018.
MORE FROM Owners Developers & Managers
Longacre acquires 541-unit Houston multifamily community, scaling joint venture’s 17-state turnaround platform
Houston, TX Longacre, the joint venture between PH Realty Capital and Rockledge, acquired a 541-unit a distressed multifamily community at 5300 W. Gulf Bank Rd. The transaction
Columns and Thought Leadership
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).
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
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
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
