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.
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.
The 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.
First Closings Scheduled for Fall
STATEN ISLAND, N.Y,– Modern, oversized residences with upscale finishes and appointments, an elaborate amenity offering, spectacular panoramic views, and a location within walking distance of the Staten Island Ferry and within close proximity to downtown Manhattan continue to attract buyers to The Accolade at the St. George waterfront.
More than 50% of the new luxury condominium building’s 101 residences have now been sold, with the first buyers scheduled to start moving in this fall.
“The Accolade features exceptional new homes and an amenity-rich, waterfront lifestyle that simply hasn’t been available in Staten Island before now,” said Jacqueline Urgo, President of The Marketing Directors, the company who was retained by Meadow Partners to market and sell The Accolade. “That opportunity alone has been enough to attract buyers, but they’re also embracing the vision of a larger north shore destination teeming with new shops, restaurants, recreation and hospitality. The success of the Accolade provides further proof that the dream for this untapped north shore waterfront is moving closer to a reality.”
Meadow Partners recently completed the extensive array of private amenities at The Accolade, revealing yet another tangible sign of the luxury condominium’s upscale lifestyle offering which is unrivaled in the Staten Island marketplace.
The newly-finished amenities include a marble-adorned attended lobby, expansive residents-only lounge featuring a bar, seating area, poker, Ping-Pong, foosball and pool tables; a private conference room, golf simulator, children’s playroom, and a state-of-the-art fitness center. The private amenities complement the building’s exceptional residences and waterfront location within the gated Bay Street Landing community in Staten Island’s St. George neighborhood.
Framed by spectacular panoramic views of the New York Harbor, Manhattan skyline and Verrazano-Narrows Bridge, The Accolade features a striking design that is beautifully integrated into the collection of architecturally-significant loft buildings within Bay Street Landing, which for years has attracted a mix of professionals, couples, families and empty-nesters. The gated community is set on 11 park-like acres and features such shared amenities as tennis courts, BBQ pits, children’s playground, on-site parking, dog run, professionally landscaped green spaces and 24-hour roving security.
Modern residences with expansive living spaces and upscale finishes and appointments have been designed for The Accolade to appeal to a variety of discerning buyers, with studios-to-three-bedroom floor plans ranging from 772 to 2,479 square-feet – including dramatic duplex Penthouse residences. Priced from $350,000 to over $1.2 million, the homes feature soaring ceiling heights, hardwood flooring, and kitchens with GE stainless steel appliances, Ceaserstone countertops with glass mosaic tile backsplashes, custom wood cabinets and Kohler fixtures. Baths are adorned with high-end stone floors and walls, custom vanity with marble top; a full-size tub and shower, custom vanities and Kohler and Hansgrohe fixtures.
“Almost every home offers private outdoor space and oversized windows, while many residences feature magnificent views that stretch from the Manhattan skyline to the Verrazano Bridge,” Ms. Urgo points out.
Other prominent projects poised to transform the underutilized waterfront into a premier residential and lifestyle destination include a one-million-square-foot mixed-use retail hub adjacent to the ferry, the 625-foot-tall New York Wheel, and the redevelopment of a three-acre pier into new retail, dining, hospitality and residential uses. And in nearby Stapleton, work is underway to redevelop the former Navy Homeport site into 30,000 square feet of street-level shops and restaurants which will combine with a new public plaza and a six-acre waterfront esplanade.
For more information on The Accolade, visit http://www.TheAccoladeCondos.com, or call 718-815-6500. The Sales Office is located at 90 Bay Street Landing, Residence 4B, Staten Island, NY 10301.
About Meadow Partners
With over 40 years of combined real estate experience, Meadow Partners brings the assurance of a reliable, well-funded ownership team that is firmly committed to the development and success of Accolade and the redevelopment of the Staten Island waterfront. Their demonstrated talent, long-range perspective, and financial strength has set to redefine the standards of quality and excellence of North Shore living.
About The Marketing Directors
The Marketing Directors is a development advisory and master property marketing and sales force that works exclusively on behalf of owners and builders of new homes. Headquartered in New York, with offices and sales teams active around North America, The Marketing Directors is known for its success in selling and leasing homes at prices that help its clients achieve their goals for each development. In its 30+ year history, The Marketing Directors has helped its clients successfully sell-out more than 1,000 new developments across the country – more than any other marketing firm. It is headed by founder Adrienne Albert and Jacqueline Urgo.
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:
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
Meadow Partners and The Marketing Directors announced today that 60% of The Pointe’s luxury condominium residences have been sold, signaling another marker of success for the boutique building conveniently situated just steps from the Staten Island ferry terminal in St. George.
The new milestone was reached after three new sales were recorded last week at the six-story building located at 155 Bay Street on Staten Island’s burgeoning north shore. The steady sales pace reflects the widespread appeal of The Pointe, which features expansive condominium residences, desirable outdoor space, spectacular views of the St. George waterfront and Manhattan skyline and attractive prices.
Available one- and two-bedroom residences range in size from 962 to 1,255 square feet of living space at prices starting from $340,000, with immediate occupancy available. The building is approved for FHA financing and has a 421a tax abatement.
“We’re delighted to have reached this point in our sales program,” notes Jacqueline Urgo, President of The Marketing Directors, which was retained by Meadow Partners as The Pointe’s exclusive marketing and sales agent. “We’re delivering a unique living experience in a convenient waterfront location that’s on the rise, and both the marketplace and brokerage community are responding favorably.”
Residents of The Pointe enjoy a lifestyle rich in luxury and comfort. The modern, brick building features an elegant attended lobby, stylishly designed with marble flooring, artistic stone borders and custom wall coverings.
Design distinction and comfort extend to the residences as well, which feature top-of-the-line stainless steel kitchen appliances, sumptuous baths adorned with high-end stone and ceramic tile, a full-size washer and dryer and abundant closet space. Hardwood floors are complemented by the exceptional palette of interior finishes. Each home also offers private outdoor space, while the building features an expansive common landscaped terrace – all of which maximize the spectacular views of the Manhattan skyline and Hudson River. Onsite garage parking is available.
Homeowners at The Pointe also enjoy the added convenience and long-term benefits associated with the operation of the building thanks to My Green Condo, a unique online management platform offering tools for condominium associations to carry out all their management responsibilities in an efficient and effective manner, while also facilitating and promoting a green environment.
The Pointe’s location in an area targeted for major reinvestment, including new retail and recreational attractions, is also resonating with buyers. Fine Fare Marketplace is scheduled to open in April in the base of The Pointe, featuring a full line of groceries, gourmet deli, bakery, full-service fish and butcher shop and a grab-and-go prepared foods section. Other neighborhood enhancements include the recent announcement to develop a 350,000 square-foot mall consisting of 100 retail outlets and the transformation of the former U.S. Lighthouse Depot into a $140-million waterfront enclave featuring stores, restaurants, a hotel and housing. And in nearby Stapleton, work is underway to redevelop the former Navy Homeport site into 30,000 square feet of street-level shops and restaurants which will combine with a new public plaza and a six-acre waterfront esplanade.
For more information on The Pointe, visit www.OwnThePointe.com, or call 718-815-0155 to make a private appointment to view the new spacious one- and two-bedroom homes.
About Meadow Partners
With over 40 years of combined real estate experience, Meadow Partners brings the assurance of a reliable, well-funded ownership team that is firmly committed to the development and success of The Pointe and the redevelopment of the Staten Island waterfront. Their demonstrated talent, long-range perspective, and financial strength has set to redefine the standards of quality and excellence of North Shore living.
About The Marketing Directors
For more than 30 years, The Marketing Directors has been the preeminent development advisory and marketing and sales force in luxury residential development. Its team works exclusively on behalf of elite owners and builders of residential housing to develop, market and sell customized, architecturally-superior spaces. The Marketing Directors’ sophisticated professionals are industry leaders, respected partners and market innovators. Headquartered in New York City with offices and sales teams across North America, The Marketing Directors has $30 billion in collective sales and has led its clients to successfully sell out more than 1,000 new developments. Past projects include The Sheffield, Linden78, Platinum and The Visionaire. For more information on The Marketing Directors, call 212-826-8822 or visit www.themarketingdirectorsinc.com
St. George, Staten Island will see a full-service supermarket enter what was becoming a food-desert this spring, the Staten Island Advance reported. Fine Fare Marketplace, a 60-store chain across the Tri-State area, is taking more than 10,000-square-feet on the ground level of Leib Puretz’s the Pointe condominium, located at 155 Bay Street on the corner Victory Boulevard.
“Why are we so giddy about a supermarket?” Theo Dorian, president of the St. George Civic Association, asked. “Because we’ve been underserved in this area for so long, the opening of a supermarket is actually big news.”
Supermarket owner Mofeed Said said that is was BFC partners plan to develop a hotel, outlet mall and the world’s largest Ferris wheel in the neighborhood that caused him to select the location.
“The last couple of years, there’s been a lot of redevelopment and revitalization,” Said, said. The store will open in late March or early April. [SI Advance] –Christopher Cameron
STATEN ISLAND, N.Y. — A full-service supermarket is set to open its doors this spring in St. George, answering a call from area residents who say they are short on grocery options.
Fine Fare Marketplace – which has 60 locations throughout the tri-state area — will occupy more than 10,000 square feet on the ground level of The Pointe, a condominium on the corner of Bay Street and Victory Boulevard.
“Why are we so giddy about a supermarket?” asked Theo Dorian, president of the St. George Civic Association. “Because we’ve been underserved in this area for so long, the opening of a supermarket is actually big news.”
It was both the need and the strategic location which lured in store owner Mofeed Said, who noted the ongoing redevelopment of the homeport and the proposal for the New York Wheel and accompanying outlet mall.
“The last couple of years, there’s been a lot of redevelopment and revitalization,” said Said, a 23-year-old Dongan Hills resident whose family owns five supermarkets in Brooklyn and the Bronx.
“A lot of people are passing through.”
In addition to traditional supermarket offerings, like baked goods, fresh seafood and a butcher, there will also be free valet parking and a lot with 38 spaces.
Said expects to open in late March or early April.
“We want to make it as nice as we can for our customers,” he said.
The Pointe was one of the failed trophy projects of high-profile developer Leib Puretz.
It was given new life in October when Meadow Partners, a real estate investment and asset manager, received a $24 million loan to refinance and complete the building. More than half the condos have sold since Meadow Partners put them on the market in March.
And negotiations are ongoing to fill the two remaining retail spaces, one 4,900 square-feet and another 4,000 square-feet.
“We’re talking to everyone from trade schools to service-related retail,” said leasing agent James Prendamano of Casandra Properties. “People in the neighborhood are excited.”
While Hurricane Sandy battered much of Staten Island’s coastline, The Pointe condominium on the north shore waterfront in St. George fared exceptionally well, much to the delight of its residents.
Power was restored in less than 24 hours and no damage was sustained to the new 57-home condominium building, which is located at 155 Bay St., just steps from the Staten Island Ferry Terminal.
“The systems performed as planned and the building was virtually unaffected,” notes Jacqueline Urgo, president of The Marketing Directors, Inc., The Pointe’s exclusive marketing and sales agent. “One homeowner sent ownership an email praising the building’s quality construction and commenting on how happy she was that they fared so well during the storm.”
Brought to market earlier this year by real estate investment firm, Meadow Partners, The Pointe is a modern, six-story building featuring a variety of one- and two-bedroom homes ranging in size from 962 to 1,255 square feet of living space. More than 50 percent of The Pointe’s 57 residences have already been sold, with closings underway.
Attractively priced from the $300,000s and available for immediate occupancy, the residences are equipped with top-of-the-line stainless steel Kitchen appliances; sumptuous baths featuring high-end stone and ceramic tile; a full-size washer and dryer; abundant closet space. Hardwood floors are complemented by an exceptional palette of interior finishes. Each home also offers private outdoor space, while the building features an expansive common landscapea terrace – all of which maximize the spectacular views of the Manhattan skyline and Hudson River. Onsite garage parking is also available.
Residents also enjoy an elegant attended lobby, stylishly designed with marble flooring, artistic stone borders, and custom wall coverings. The Pointe is located in an area with extensive plans for exciting new retail and recreational attractions, including the recent announcement to develop a 350,000 square-foot mall housing 100 retail outlets and the transformation of the former U.S. Lighthouse Depot into a $140-million waterfront enclave featuring stores, restaurants, a hotel and housing.
For more information on The Pointe, visit www.Own-ThePointe.com, or call 718815-0155 to make a private appointment to view the new spacious one and two bedroom homes.
The Pointe on Staten Island’s north shore waterfront is quickly approaching the 50% sold mark, an impressive milestone for the new luxury condo at 155 Bay Street near the Staten Island Ferry Terminal.
A number of buyers have already moved in to the building, a collection of 57 one- and two-bedroom units all with outdoor space that give residents Manhattan views that rival anything along the Gold Coast. The homes are priced from the $300,000s, with immediate occupancy available.
And, says Jacqueline Urgo, president of The Marketing Directors, as both the rental and sales markets have begun to tighten, buyers are starting to take more notice of the oft-overlooked ‘other’ island.
“The sales success of The Pointe demonstrates the widespread appeal and exceptional value of this unique residential offering,” said the president of The Marketing Directors, which was retained by Meadow Partners, the international real estate investor and asset manager, as the building’s marketing and exclusive sales agent.
“A commuter-friendly location with convenient ferry service to downtown Manhattan, spacious homes with upscale finishes and appointments, and a price point that has all but disappeared from the New York City new construction marketplace are proving to be a winning formula here.”
The new residents at The Pointe run the gamut of buyer types — from current renters looking to move up to homeownership to empty-nesters interested in a more manageable, maintenance-free lifestyle.
“The availability of immediate occupancy allows us to quickly move buyers from purchase to move in, an advantage that has gained favor with the public, particularly renters who are ready to make the move to home ownership,” Urgo points out.