FirstService Residential, New York's leading residential property management company, has been appointed property manager for Front & York, a new mixed-use residential property in DUMBO, Brooklyn .
NEW YORK , April 20, 2022 /PRNewswire-PRWeb/ -- FirstService Residential, New York's leading residential property management company, has been appointed property manager for Front & York, a new mixed-use residential property in DUMBO, Brooklyn . The property comprises 480 high-end condominium residences, resort-class amenities and 150,000 square feet of retail space.
FirstService Residential was first retained by ownership in July 2017 to provide pre-development consulting services including design drawing review for front and back of house operations, amenities, and initial budget development.
"Front & York establishes a new standard for luxury condominium developments in DUMBO and the borough at-large," said Marc Kotler , senior vice president of FirstService Residential's New Development Group, which provided pre-development consulting services to the project team. "We are delighted to continue working with the building, now serving as property manager, and we are committed to delivering the highest caliber of service for this keynote residential property."
Designed by Morris Adjmi Architects, the 12-story building occupies a full city block and comprises more than one million square feet. The design team modeled the building after the many warehouse properties that once peppered the neighborhood in an effort to bridge historic architecture with contemporary industrial style.
Within, the residences are spread between the two towers, "Front" and "York," that bookend the building's eighth-floor amenity deck. Available homes range from one- to four-bedroom accommodations, all featuring 10' ceilings, chevron patterned white oak flooring, top-of-the-line appliances, marble countertops and custom-designed Italian white oak cabinetry. Bathrooms feature radiant heated marble floors, cast-iron tubs, and white marble. All homes also include filtered water and NEST thermostats.
The eighth-floor recreation deck includes the most all-encompassing residential amenities DUMBO has ever seen. Offerings include a landscaped outdoor terrace and pool deck with lounge seating and private cabanas, dining area for outdoor entertaining, and an open-air screening theatre. Indoor amenities include a billiards lounge, a large wine room and catering kitchen for private events, co-working space, a coffee lounge, gaming lounges equipped with Xbox consoles and retro arcade machines, a music room and a children's playroom. The building also houses a parking garage designed to accommodate 700 vehicles – the largest private residential garage in DUMBO. The garage also includes electric vehicle charging stations and bicycle docks.
Front & York residents also have privileged access to an all-encompassing, professionally managed wellness club. Comprising over 77,000 square feet, the wellness club includes a luxury fitness center, a full-service salon and spa, a health-oriented café, a full-size basketball court and the largest indoor pool in DUMBO.
About FirstService Residential FirstService Residential is North America's property management leader, partnering with more than 8,600 properties representing more than 1.7 million residential units across the U.S. and Canada . In the New York region, FirstService Residential manages more than 600 condominiums, cooperatives and multifamily rental properties representing nearly 90,000 residential units. With an unmatched combination of industry experience, resources, and local market expertise, board members and building owners rely on FirstService Residential to deliver exceptional, personalized client service and solutions that enhance the value of every property and the lifestyle of every resident in the communities it manages. FirstService Residential is a subsidiary of FirstService Corporation (NASDAQ and TSX: FSV), a North American leader in providing essential property services to a wide range of residential and commercial clients. http://www.fsresidential.com/new-york
Dana Collins , FirstService Residential, 212.634.5495, Dana.collins@fsresidential.com
Lindsay Church , Great Ink Communications, 2127412977, Lindsay@greatink.com
The swift move up in mortgage rates has research firms re-gearing their housing forecasts.
Tacoma-based Harbor Custom Development Inc. (Nasdaq: HCDI) has listed six Puget Sound-area apartment projects for $278 million. The move takes advantage of the rising value of multifamily developments, the company said. "Rental rates continue to escalate at unprecedented levels driving up project apartment values as demand for multi-family housing exceeds the limited supply in the Puget Sound Region of Western Washington,” Sterling Griffin, president and CEO of Harbor Custom Development, said in a statement.
Real estate investment trusts (REITs) are publicly traded companies that allow individual investors to buy shares in real estate portfolios that receive income from a variety of properties. They allow investors to invest easily in the real estate sector, which includes companies that own, develop, and manage residential, commercial, and industrial properties.
Johnson Controls Inc. is exploring expansion options in the city of Glendale, including the possibility of an office and research building near its current corporate campus that could house 200 workers.
The mortgage giant is predicting a recession but adds a sizzling housing market means that it won’t be as long or severe as 2008.
It continues to be a hot real estate market, with far more buyers than homes available for sale. According to a recent report from the National Association of Realtors (NAR), the typical property stays on the market for just 17 days before an offer is accepted. Real estate is far from a bear market right now, but as a real estate investor, you might be wondering how much longer home values and the demand for properties will continue to soar.
It’s good to be Russell Wilson. After he was traded during the offseason from the Seattle Seahawks, where he passed the pigskin for 10 successful seasons and once earned enough to be ranked as the highest paid player in the NFL, to the Denver Broncos, where he’s set to rake in $24 million this year, […]
Rising home values can quickly transition a reasonable housing market into the type of real estate monster that has consumed places like the San Francisco Bay Area, Los Angeles and New York. While the...
Self-storage REITs, or real estate investment trusts, are companies that own and operate self-storage facilities. People in that situation will need a place to store their belongings -- and that's where self-storage REITs can capitalize.
The number of sales in the New York borough reached 3,585 during the first quarter of 2022, up 45.9% year on year.
Economists have suggested that higher mortgage rates could create a 'lock-in' effect for current homeowners.
As a group, real estate investment trusts (REITs) have been under pressure since the early days of the COVID-19 pandemic. As a result, significant numbers of those businesses were unable to pay their rents, and many of their REIT landlords, in the face of falling revenues, cut their dividends. Not all REITs were in that position, however.
There's more new home construction happening now than in the years leading up to the Covid-19 pandemic, as the nation's housing shortage and growing affordability crisis remains a key issue in most cities, towns and states.
For the first time since the fall, suppliers of building materials are saying that lumber inventories are moving back again towards normal levels.
Real estate may be one of the greatest wealth builders of all time, but the amount of capital needed to invest in this asset class has left it out of reach for most people. This high barrier to entry has helped an entire industry thrive around the concept of "no money down" real estate investing. Millions of books, courses and coaching programs have been sold to aspiring investors looking for a way around the large capital requirements of real estate investing. Unfortunately, most of these peopl
You've been thinking about buying a vacation home for a while, but you're not sure whether now is the right time to buy. This is a big purchase, so you want to make sure it's a sound investment....
Soggy baseboards and a toilet on a patio are just 2 of the ick factors at the unnamed complex. More than half a million people have seen the video.
The online listing giant says interest rates are pushing down home prices, but the market is still mostly hot.
'We’d like to sell it, but we have to give the current tenants until about the end of June to move.'
Property taxes in Texas have risen $20 billion since his opponent, Republican Gov. Greg Abbott, was elected in 2014, O’Rourke claimed during a stop in Dallas.