By Bess Hochman
There is a new building in New York City that will have the most expensive newly constructed condominium. The penthouse at 520 Park Ave. has a three-floor plan and will be put on the market at $130 million.
At over 12,000 square feet, the penthouse condo also has a 1,257 square-foot terrace and gorgeous views of Central Park. The finishes will be done with only the finest marble, wood, and top-of-the-line appliances.
Building amenities include a swimming pool, bi-level health and fitness center, sauna, children’s playroom, and screening room.
New York isn’t the only town with new condo projects that are getting a lot of attention. Downtown Los Angeles and Century City located on Los Angeles’ luxury Westside have many new condo buildings coming to the market.
A Chinese developer has just unveiled plans for a $100-million luxury high-rise residential tower in downtown L.A. at the corner of Grand Avenue and 12th Street. The condo will feature 37 stories and have 126 units.
Developers are flocking to build new condo buildings in Downtown Los Angeles. Currently, the low supply of condos available makes it a great place to build. Multiple residential projects are predicted to be in the pipeline.
Century City also has some new condo buildings coming to the market. Richard Keating, the architect credited with designing the Gas Company Tower in Downtown Los Angeles, has recently started work on a condo Tower called Beverly West.
The building plans create an architectural look and will feature indoor and outdoor entertainment spaces with landscaping. Solar panels will be used on the outer walls of the building to reduce the building’s demand on the city’s electrical grid.
This building will also feature windows that can open and close which is not possible in most Los Angeles high-rises.
The Century is becoming one of the most popular condo buildings in Century City. Many celebrities are buying up the units in this special 140-unit tower.
Amenities include a restaurant, four-acres of private gardens, a screening room with seating for 16, and a glass rock fire pit.
Many are flocking to Century City with the news of trendy high-end shops and restaurants coming soon.
Westfield Corp. has announced plans to spend $800 million on a makeover of its Century City Mall. The renovations will add 422,000 square feet of retail space featuring 220 shops and restaurants.
Mario Batali is bringing the first California branch of Eataly, a fashionable gourmet Italian food emporium.
When the new center opens in 2017, Macy’s will open in a new location, Bloomingdales will be remodeled and Nordstrom will move to the center from the Westside Pavilion.
Contact Bess at 310.291.4111 or Bess.CenturyCityNews@yahoo.com.
For a free courtesy consultation, or information regarding mortgage brokers, contact Bess Hochman, a top Westside Real Estate Broker for over 20 years. Bess is also distinguished by holding a law degree. This article expresses the opinion of the author. You are advised to consult attorneys & others experts specializing in the issues referenced in this article.
“Bess is a master negotiator!” says Michael Donaldson, attorney and author of “Negotiating For Dummies.”
