Has St. George Arrived?

PENTHOUSE 9H

PENTHOUSE 9H AT THE ACCOLADE IN STATEN ISLAND

Yesterday, Curbed.com posited this very question in a post regarding the recent $1 Million dollar sale of a Staten Island Penhouse.

Welcome Staten Island to the million-dollar condo club: This year, two penthouse apartments in The Accolade, a building in St. George right by the Staten Island Ferry Terminal, sold for more than $1 million apiece—the first condos in the borough to go for that much. Penthouse 9G closed for nearly $1.3 million in May, and just this week, Penthouse 9H (pictured here) closed for more than $1 million. The three-bedroom duplex has views of the harbor, Manhattan, and the Verrazano-Narrows Bridge.

Does this mean St. George has arrived? Maybe: The Accolade has sold nearly all of its penthouses, save one (which is currently on the market for $1.35 million), and it’s tempting residents with amenities like a kids’ play room, a gym,a pet spa, on-site parking, and landscaping and snow removal. 

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Model Home Program Sparks Sales at The Accolade

via The Staten Island Advance – For the 4th time this year, the developer of The Accolade in St. George has unveiled a professionally furnished model home to help showcase the wide range of floor plans and upscale living spaces offered at the new luxury condominium on Staten Island’s north shore waterfront.

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Real Estate Developers Hope to Cash in on North Shore Revitalization

The Accolade/ Photo: NY1

The Accolade/ Photo: NY1

Via NY1

With nearly $200 billion of private investment planned for Staten Island’s North Shore waterfront in the coming years, real estate developers are hoping to cash in on the boom, too. As Borough Reporter Amanda Farinacci  reports, at least one new building is already attracting buyers who can’t wait for what’s in store.

There’s plenty to see from a fourth floor balcony of the Accolade, St. George’s newest condominium building set to open next month.

To the right is the Verrazano Bridge and to the left is the lower Manhattan skyline.

It’s that view, and the building’s closeness to the St. George Ferry terminal, that sold Hawaii native Jennifer Roar the moment she stepped inside.

“For the price and value compared to Manhattan, you couldn’t go wrong,” said Roar.

Roar has lived in various Manhattan neighborhoods for the last five years. She and her husband heard about the Accolade from her sister, who also bought a unit.

Her tour of the building was her first trip to Staten Island.

“A lot of people are like, ‘Staten Island?’ A lot of people say, ‘I’ve never been to Staten Island and I’m a New Yorker.’ So they’re a little hesitant, but what’s coming down the pipeline of new development, the waterfront, the restaurants and the ferry, it’s gonna be great,” said Roar.

NY1 2The 101-unit building is the latest development drawing residents to Staten Island’s booming north shore. The apartments range from $300,000 to $1 million and a recent soft opening was so successful, developers already starting hiking prices.

“We were able to raise prices consistently. So I’ll say that, but I’ll also say that there’s still an excellent value to be had here,” said Angela Ferrara of The Marketing Directors.

“As the other things start to develop, the wheel obviously, and the shopping center, as those things develop I think it’s just going to get better and better,” said Sandy Krueger of Staten Island Board of Realtors.

The Accolade is neighbors with Bay Street Landing, another condominium apartment complex. The two buildings will share some amenities, as part of a plan to create a real sense of community along the waterfront.

That includes use of a dog run, basketball and tennis courts and an outdoor barbecue. Add that to a gym, a lounge area and children’s play room in a building that was raised to conform to new FEMA flood standards and Roar says there are plenty of reasons she can’t wait to call the Accolade home.

Last of Staten Island High Rises Stalled by Recession Set to Open This Fall

accolade03-ret via Nicholas Rizzi/DNAinfo ST. GEORGE — The last of a set of luxury condominium high-rises that have stood empty around St. George’s waterfront since the recession plans to open its doors in the fall and has already sold almost half of its units.

The Accolade, a former dry cocoa warehouse in Bay Street Landing that was converted into a residential building, opened its 100-unit studio to three-bedroom condos for sale in March.

Sales exceeded expectations of developers Meadow Partners and real estate agent The Marketing Directors. “We’re really moving very quickly,” said Angela Ferrara, executive vice president of sales for the Marketing Directors. “We didn’t anticipate this level of excitement.” In the five months since they opened up for sales — priced between $322,000 to more than $1 million — the agency has sold 43 apartments, a surprise for a building that has been sitting empty and unfinished since 2009.

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St. George, S.I.: Framed by the Harbor

2014-06-25_10-37-59via C.J. Hughes at The New York Times

In praise of St. George, a historic neighborhood on Staten Island that gazes on New York Harbor, residents invariably mention the free ferry to Manhattan. They often cite the affordability of a place where one-bedroom apartments can cost less than half of what they go for in pricier parts of the city. And they might even point out the wondrously out-of-place look of some blocks, with fanciful Victorians on steep hills that can feel cut-and-pasted from San Francisco.

There are also simpler pleasures. “You can watch the full moon cross the entire sky from here,” said Christopher Napoli, a resident whose home faces the water.

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What You’ll Find

While the harbor indisputably frames most of St. George, the western border is somewhat vague; purists draw the line at Westervelt Avenue, but in terms of its turn-of-the-last-century housing stock, the area seems to extend farther, spilling down toward Jersey Street. Victory Boulevard forms the southern edge.

Along the water sits the gated Bay Street Landing complex, a former shipping area that began conversion in the 1980s and continues to this day. It offers co-ops and condos, including the Accolade, a condo project in a former cocoa-bean warehouse that was brought back to life by Meadow Partners when a previous developer was unable to complete it. Thirty percent of its units have sold since February, said Andrew L. Till, a Meadow vice president, including a three-bedroom for more than $1 million. Meadow also recently sold out the Pointe nearby, with 57 one- and two-bedroom units, Mr. Till said.

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Newest NY developments offer luxury, location — and value

New York Post

via the New York Post

This has been a punishing winter for New Yorkers. Not the schizo temperature shifts (although, we concede, those weren’t exactly fun, either) — we’re talking about the lack of available residential real estate. According to the fourth quarter 2013 reports by appraisal firm Miller Samuel, NYC was at its lowest level of inventory in 14 years.

But the punishment is hereby over. The new condo projects that developers had been hoarding all winter are springing up from Staten Island to Brooklyn to the Upper East Side. Here are a baker’s dozen to look forward to:

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accolade03-ret

The Accolade, Staten Island

Hear, hear! The Accolade, a 100-unit condo, will join the burgeoning north waterfront development boom in St. George, where new shopping, restaurants, residences and an esplanade are planned.

Set in the gated Bay Street Landing community, the 10-story building is made up of studios and one-, two- and three-bedroom units — plus eight duplex penthouses — ranging from 772 to 2,479 square feet and priced from $300,000 to more than $1 million. The homes feature high ceilings, oversized windows, hardwood floors, kitchens with custom wood cabinetry and Kohler fixtures and stone and marble bathrooms.

Most units offer private outdoor space; many have spectacular views of Manhattan and the New York Harbor. Amenities include a residents’ lounge with a bar and catering kitchen, Ping-Pong and billiards tables, a golf simulator, fitness center and screening room. Sales will launch in the next couple weeks; occupancy is slated for summer 2014. Contact: Sales office, 718-815-6500

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Out-of-towners flocking to Staten Island for its urban environment

More on the SI real estate scene. Tracey Porpora reports for The Staten Island Advance.

William Yost and his wife, Aerin, on the balcony of their condo in The Pointe in St. George. (Staten Island Advance/Bill Lyons)

Many former Staten Islanders are being drawn “back home” by the North Shore waterfront’s urban environment.

  “I have a growing family, with new twin boys and a daughter, so (Manhattan) is getting too small. My wife and I looked at different areas, and prices in Manhattan are out of control,” said Patrick McCarthy, 34, a West Brighton native who is relocating from Manhattan’s upper Upper West Side to The Accolade, a condo complex in St. George’s Bay Street Landing.

“My wife and I looked at Brooklyn, where the prices were good a few years ago, but now the prices there are just as high as Manhattan,” added McCarthy, who noted his wife is a native of California.

The mortgage loan officer said St. George is appealing to him because he wants a short commute to his job in Midtown, allowing him to spend less time traveling to work and more time with his family. 

“I can live in The Accolade and take a two-minute walk to the ferry, hop on and get to work in less than an hour,” said McCarthy.

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