(Read more on the multifamily market.)
NEW YORK CITY-R Squared Real Estate Partners has already begunconstruction on its 34 Leonard St. development, a cooperativedevelopment featuring 16 private loft-style homes with open layouts10-foot high ceilings and walls of industrial-scale windows,GlobeSt.com has learned. A source close to the development tellsGlobeSt.com that the approximate construction cost for the55,000-sf project is expected to be $45 million.
The 16 residences consist of one-, two- and three-bedroom homesranging from 1,541 sf to 2,792 sf, as well as a 3,086-sf penthouseresidence with a 2,215-sf wrap-around terrace. The source confirmsthat the sales gallery has just opened as there are already 150people currently on the priority/waiting list, however there hasbeen no presales as of yet. The homes range from $2 million to $8million, for the penthouse unit.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
