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Western New York Welcomes First Hyatt Place Hotel

26 Aug 2015, 1:42 pm

By Adelina Osan, Associate Editor

The first Hyatt Place hotel officially opened in Amherst bringing brand’s intuitive design and practical amenities to the Buffalo area. Hyatt Place Buffalo/Amherst features 137 spacious guestrooms and is located on 5020 Main Street.

Hyatt Place Buffalo/Amherst

Hyatt Place Buffalo/Amherst

“As Buffalo continues to grow and thrive economically, we are excited to add to the momentum by welcoming the first Hyatt Place hotel to the area,” mentioned General Manager David Zeplowitz. “With our smartly designed social spaces and guestrooms with separate areas to work and sleep, Hyatt Place Buffalo/Amherst offers multitasking travelers the room they need to spread out, and our free hot breakfast is just the thing to get our guests going in the morning.”

Positioned closely to Buffalo’s main attractions, the hotel is less than five miles from Buffalo Niagara International airport, a 20 minute drive to Niagara Falls and Ralph Wilson Stadium, the Aquarium of Niagara, the Buffalo Zoological Gardens, and Six Flags Darien Lake.

Hyatt Place Buffalo/Amherst offers a range of amenities such as free Wi-Fi throughout the hotel, 1,800 square feet of high-tech meeting space, 24/7 gallery menu, indoor swimming pool, free airport shuttle service, and a 24-hour gym.

Image courtesy of Hyatt Place Buffalo/Amherst



The William Vale Gets Oversized Contemporary Sculpture

25 Aug 2015, 6:13 pm

By Adelina Osan, Associate Editor

Brooklyn-based artist Marela Zacarias was selected as the winner of a $200,000 lobby art commission by The William Vale, Williamsburg’s latest hotel, in partnership with Brooklyn Arts Council. The four-star hotel is located on 55 Wythe Avenue and is one of Williamsburg’s most architecturally significant new developments.

Marela Zacarias

Marela Zacarias

Marela Zacarias will create a 25’ x 20 x 3’ three-dimensional sculptural painting offering multiple visual and historical perspectives. The work is influenced by early Native American geometries in relationship to Brooklyn’s history and its original inhabitants, specifically the Lenape culture before the Dutch arrived to the island. Resembling the shape of a giant Brooklyn map, the sculpture will be comprised of 20 differing segments and will feature artist’s interpretation of abstract shapes and colors.

“It’s a privilege to honor Marela with this commission and we’re ecstatic about what’s in store for the hotel’s lobby,” said Sebastien Maingourd, general manager of The William Vale. “Her proposal is for an oversized work that will pay homage to the borough and exhibit inspiration from early Native American heritage.  We’re confident that this piece of work will spark conversation about the community’s strong art influence among international tourists and locals alike.”

The William Vale, set to open in early 2016, will adorn Zacarias’ work as the main focal point within the lobby. Bold, progressive and forward-thinking, Williamsburg’s latest hotel will deliver a 183 room four-star hotel, elevated public green space and a vibrant mix of retail and restaurants to the thriving North Williamsburg neighborhood.



The Grass Is Always Greener In Greenwich

24 Aug 2015, 5:24 pm

By Adelina Osan, Associate Editor

The Village welcomes a new triangle-shaped park that offers green space and play area to the local community. The 16,000 square-foot park is situated between Seventh Avenue, Greenwich Avenue, and West 12th Street, and was designed in close collaboration and with input from locals.

New York City AIDS Memorial

New York City AIDS Memorial

The New York City Department of Parks and Recreation, Rudin Development and Eyal Ofer’s Global Holdings announced that the park’s centerpiece is a 2,300-square-foot lawn, surrounded by almost 150 feet of granite amphitheater steps and 275 feet of custom wood benches, providing ample seating to visitors. Rick Parisi of M. Paul Friedberg and Partners was the park’s designer.

“Our goal was to provide a serene green space for the entire community,” mentioned Eric Rudin and William Rudin, managing partners of Rudin Development. “The park offers an opportunity to experience an inviting and interactive natural environment in the tradition of so many other parks. Having worked with all of the stakeholders including the community, NYC Parks, City Planning Commission and the Landmarks Preservation Commission, we believe all the families and visitors in the neighborhood will enjoy this park and we are especially delighted to be opening it in the summer when the children can enjoy the interactive fountain.”

The new park in Greenwich Village offers an array of all-season vegetation, ever-changing colorful display of magnolias, rhododendrons, hydrangeas, junipers, and other flowers, and an interactive fountain comprised of 45 water jets embedded in the stone pavers.

A 1,600-square-foot area featuring a painted steel canopy sculpture, central granite water feature and benches serves as the New York City AIDS Memorial and will be designed by Brooklyn-based Studio a+i. The memorial’s granite paving will feature an engraved installation designed by artist Jenny Holzer with portions of Walt Whitman’s “Song of Myself”.

Rendering courtesy of Studio a+i

 



New Life for Historic New Haven Building

24 Aug 2015, 5:15 pm

By Ioana Neamt, Associate Editor

The Union - 205 Church St.

The Union – 205 Church St.

A New Haven, Conn. building dating back to the Roaring Twenties is about to get a fresh start.

The former Union and New Haven Trust Building at 205 Church St. will soon reopen as a luxury apartment community following a redevelopment that began in 2014, after Cooper Church LLC purchased the property from Hampshire Hotels & Resorts for $13.5 million. Renamed The Union, the 13-story building at the corner of Church and Elm Streets will now incorporate 138 rental units and a plethora of high-end amenities.

“The Union completely reinvents aesthetics and lifestyle in New Haven. On the outside, it’s a revered historical masterpiece with a signature golden cupola,” said Dan Wurtzel, president of FirstService Residential, which manages the property. “On the inside, it’s 138 amazing rental residences, a gorgeous, 24/7 attended lobby, fabulous amenities, and great views – the best of old and new in the city.”

Located in the heart of New Haven’s historic district, the 88-year-old Georgian-Colonial Revival building offers residents extensive views of the city, Yale University and the Long Island Sound. The community features one- and two-bedroom units with private terraces, washer and dryer, GE Energy Star kitchen appliances, and stone countertops. The Union also incorporates a state-of-the-art fitness center, conference and media rooms, an outdoor seating lounge, bicycle storage and repair shop, as well as a shared workspace called ‘The Guild’.

Image courtesy of The Union



HFF Sold and Secured $150M Financing for Manhattan Property

20 Aug 2015, 5:56 pm

By Adelina Osan, Associate Editor

Holliday Fenoglio Fowler, L.P. closed the sale for a premier development site located at the southeast corner of 43rd Street and Fifth Avenue in Manhattan. The leading provider of commercial real estate and capital markets services also secured $150 million pre-development financing for the acquisition.

520 Fifth Avenue

520 Fifth Avenue

The purchase of 520 Fifth Avenue in Manhattan was made by a joint venture between Ceruzzi Holdings and Shanghai Municipal Investment USA. With this acquisition, Ceruzzi and SMI USA have entered into their second transaction in New York.

The new owners plan to develop the 10,625-square-foot site with 85 feet of prime frontage along Fifth Avenue into a state-of-the-art mixed-use tower. 520 Fifth Avenue will consist of flagship retail and either luxury condominiums or a combination of luxury condominiums and hotel. The undeveloped parcel has zoning square footage that will accommodate up to 355,000 square feet.

“Given my long history and relationship with J.P. Morgan and 520 Fifth Avenue’s unrivaled development potential, we are delighted to have found a pre-development financing solution that allows us to set in motion a development project that will positively change the landscape of Fifth Avenue for generations. It comes as no surprise that J.P. Morgan was able to deliver an attractive financing solution under a short timeframe,” mentioned Louis L. Ceruzzi, Jr., principal of Ceruzzi Holdings.

Senior Managing Director Andrew Scandalios led the HFF investment sales team, whereas HFF’s debt placement team was led by Senior Managing Director David Nackoul and Associate Director Christopher Peck.

The 12-month loan led by J.P. Morgan with mezzanine financing provided by Fisher Brothers will preface the future development planned to become one of the most iconic mixed-use developments with more than 33,000 square feet of irreplaceable Fifth Avenue retail.

Rendering via 520 Fifth Avenue 







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