*today* Topping-Off Event for The 505, a luxury condo development in Hell’s Kitchen

by admin ~ September 4, 2008

The 505 is one of the fastest-selling condo developments in Manhattan. In just 4 months on the market, the development was 90% sold out. Currently 95% sold with only six units remaining, we are hosting a lunchtime celebration at the site to celebrate the topping off today, September 4 at 12:00pm.

WHAT: The 505 Topping-Off Party - newly constructed luxury condominium development; topping off celebration; photo opportunities; roof-top ceremony
WHERE: The 505 - Hell’s Kitchen — 505 West 47th Street
DATE: Thursday, September 4, 2008
TIME: 12:00PM - 1:00PM
PRESS RSVPs to jill@mediashoppr.com or call 917-362-4794

Full press release follows!

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THE 505, HELL’S KITCHEN LUXURY CONDO COMPLEX,

ANNOUNCES TOPPING-OFF; ONLY SIX UNITS LEFT

Market Mover: Now 95% Sold Out; The 505 Was 90% Sold After Just 4 Months on the Market

NEW YORK, NY - September 2, 2008 - Halstead Property Development Marketing, a division of Halstead Property, today announced the topping-off of The 505, a new luxury half-acre condominium and gardens development complex in Hell’s Kitchen located at 505 West 47th Street.

The topping-off will be completed on Thursday, September 4 with a celebration at noon for the seven-story ground-up condominium that will have a total of 109 residences situated in two buildings surrounding a garden courtyard that make up a half acre of land.

Currently 95% sold, the remaining six units range in price from $730,000 - $1.395 million, including four one-bedrooms, one garden courtyard two bedroom and one two-bedroom penthouse which has an open design plan, carbonized bamboo flooring with beveled edges, and an internal staircase connecting to a 427 square foot private roof terrace that is hot tub and barbeque-ready with water, electricity and gas and offers breathtaking “Times Square” skyline views.

“The high level of quality and beauty we committed to the construction and design of this development has made it stand out from the competition in Hell’s Kitchen - and it has made us one of the fastest-selling developments in New York this year,” said development partner Ian Reisner of Parkview Developers. “We’re giving buyers the opportunity to have a higher standard of living in New York - without having to sacrifice location, amenities, quality, or your life savings.”

Nearly half of the residences of The 505 feature private gardens, balconies, or private rooftop terraces, and the top floors boast marvelous, unobstructed views of the city skyline. The 505 features a 24-hour attended lobby, fitness center, furnished courtyard and roof garden, bike and individual storage, and washers and dryers in every unit. Completion is slated for summer 2009 with occupancy to follow immediately.

Kitchen amenities include Italian-crafted kitchen cabinetry, Calcutta gold marble countertops and LG or Fisher & Paykel refrigerators. Buyers will have either Bosch gas cook tops and convection ovens with microwave or Miele gas cook tops and speed ovens with microwave. Additionally, each unit will include Bosch dishwashers or Fisher & Paykel under-sink dishwashers, Bosch washer and dryers or Malber combination washer and dryers.

Bathroom finishes include Zebrano Porcelain tile with an elephant skin textured finish, made in Italy. The vanities feature either a Rocky River marble or Crystal White countertops, custom Wenge cabinets, Pegasus fixtures and Kohler toilets and deep soaking tubs.

Real estate development in Hell’s Kitchen west of Eighth Avenue has been vibrant since the start of 2000. The 505 exemplifies the best of the developments in the Clinton/Hell’s Kitchen district which comprises the area in the West 40’s that is seeing major development today, including The VU, a new $125 million four-star David Rockwell-designed hotel with 222 guest rooms set to open this fall, and the construction of the new Ogilvy & Mather headquarters opening in July 2009; both of which are located on the same block as the 505.

“Hell’s Kitchen has already begun a tremendous transformation, and The 505 - and the level of interest it has seen by buyers - is a good indication of the neighborhood’s rise,” said Stephen G. Kliegerman, executive director of Halstead Property Development Marketing. “The 505 will bridge luxury residential buildings already established in Far West Chelsea with the west side anchored by Time Warner Center, and solidify this neighborhood as an area with increasing property values for years to come.”

The 505 was designed by architect H. Thomas O’Hara and developed by Lev Parkview Developers, LLC, a majority owned venture of Parkview Developers. Halstead Property and Nest Seekers International serve as the co-exclusive marketing and sales agents. For listing details, please visit: www.the505hk.com or www.ParkviewDevelopers.com

For more information, tours or high-resolution photos and renderings, please contact Jill Feldman at (212) 867-8778 or jill@mediashoppr.com.

About Parkview Developers LLC
Parkview Developers is in the business of developing residential property in NYC. Parkview also owned and operated “The Carnegie Hotel” (http://www.thecarnegiehotel.com) on West 58th Street, steps from Columbus Circle and Central Park. Residential projects have included land assemblage for new development, rehabilitating residential apartments, combining residential units including total gut rehabilitation and new constructions including the development of a 100-unit condo complex in NYC and 119 Watch World stores throughout the United States.

About H. Thomas O’Hara, Architects, PLLC
H. Thomas O’Hara, Architect, is one of New York’s premier designers of luxury residential apartment buildings. O’Hara founded his full-service architectural studio in 1997, after 20 years of practice with pioneer New York Architects. HTO has designed Luxury residential buildings such as Verde Chelsea, The Aurora, Tribeca Summit, Century Tower and Twenty9th Park Madison, and also performs conversions and renovations of existing iconic buildings, including the Williamsburg Bank Building, Brooklyn’s tallest, and the Cass Gilbert-designed 90 West Street. In addition, H. Thomas O’Hara Architect’s interior design division creates unique and vibrant residential environments for their projects. As with their building design their interior’s division designs the spaces with the end users in mind by balancing the technology and the aesthetics, creating a unique, visually pleasing and comfortable space to come home to.

About Halstead Development Marketing:
A division of Halstead Property, Halstead’s Development Marketing Division is the exclusive sales and marketing firm for more than 65 new developments representing over 3,500 units in the tri-state area. The Halstead Development Marketing Division consults with developers on every aspect of the development process, including: pre-development planning such as comprehensive market research, detailed unit mix and layout analysis and amenities planning, all of which enables their clients to maximize sales prices, increase absorption rates and provide an overall superior product benefiting the consumer and developer. In addition, the division directs and coordinates the selection of all on-site personnel, conducts extensive sales training and monitoring, designs exceptional sales environments, and creates integrated communications planning including marketing, advertising, public relations and branding. For more information on the Halstead Development Marketing Division, please visit: http://www.halsteadpdm.com/home

As the first firm in New York to bring real estate sales out of office buildings and into retail storefronts, Halstead is one of the largest residential real estate brokerage firms in the metropolitan area. For more information on Halstead, please visit: http://www.halstead.com.

About Nest Seekers International
Nest Seekers International is a real estate brokerage firm with four boutique offices in prime New York City and South Florida locations with an in-house staff and a management team of top sales and marketing professionals. The company specializes in residential and vacation home sales, rentals and corporate relocation for the modern “nester Nest Seekers’ mission is to provide superior real estate services to customers in local markets through global community presence.

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