luxury residentialtower

|

The Georgica's name was inspired by the Georgica Pond in EastHampton Village. The 20-story, 134,000-sf building will feature 58units including gourmet kitchens and amenities such as a children'splayroom, a fitness center and a landscaped rooftop deck with aplayground. The all-glass tower will include two- to four-bedroomunits, some with home offices and fireplaces, and will range insize from 1,298 sf to nearly 3,000 sf.

|

Site work for the Georgica is well under way, with demolitionhaving started in August 2007 after the company shelled out $45million for the 6,300-sf parcel of land, as GlobeSt.com previouslyreported. Construction is slated for completion in 2009.

|

Sales are set to begin by March through Prudential DouglasElliman Development Marketing Group, the source explains.Residences at Georgica will range from $2 million to $5 million,the source adds.

|

"This residential tower will bring about a fresh and innovativealternative for those looking for new construction in thisincredibly desirable and safe family-friendly neighborhood," notesRob Kaliner, principal of the Ascend Group LLC, in a preparedstatement. "The Georgica's stellar location, its top-notchamenities and smart design are expected to attract buyers whoappreciate a cosmopolitan vibe with spacious apartments that feellike private homes."

|

Kaliner continues that "we've assembled the best team in realestate, engineering, architecture and design to bring thisinspiring residential project to fruition. It will be anintellectually crafted development that is meant to attractstyle-conscious buyers who want all that the Upper East Side has tooffer with an intimate floor plan of only two units on manyfloors."

|

Architecture and design firm of Cetra/Ruddy has been retained asthe architect and interior designer. And Cantor Seinuk Group Inc.,which is working on the Freedom Tower being built at the WorldTrade Center site, is the engineering firm.

|

The Ascend Group also has recently developed the "A Building" at425 E. 13th St., an eight-story condo project also designed byCetra/Ruddy, which is 99% sold out; and 133 W. 22nd St. with 99residential units, which has been nearly 70% sold.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

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.