Closings Begin at The 505 In Hell’s Kitchen

by admin ~ August 18, 2009

Contact: Megan Raphael, Megan@mediashoppr.com  
Mediashop PR, 212-867-8778 x232

STATUS UPDATE:

CLOSINGS BEGIN AT THE 505 IN HELL’S KITCHEN

With Only 7 Units Remaining, The 505 is 93% Sold Out

NEW YORK, NY - August 18, 2009 -Parkview Developers and Halstead Property Development Marketing today announced that closings have begun at the The 505 in Hell’s Kitchen.

According to developer Mati Weiderpass, the first closing was completed on Friday, August 14 and the remaining will happen in phases over the course of the summer and fall. Upon closing, residents may begin moving in immediately.

The first unit to close was an 832 square foot one bedroom, one bathroom residence for $855,000.

The 505 is a luxury condominium and gardens development complex in Hell’s Kitchen located at 505 West 47th Street. With only seven units remaining, The 505 is 93% sold out. The seven-story newly constructed condominium has a total of 108 residences situated in two buildings surrounding a garden courtyard that make up a half acre of land. For a full list of remaining residences, please visit: http://www.the505hk.com .

The 505 features a 24-hour attended lobby, a fitness center with Technogym Excite^TM equipment, landscaped courtyard and furnished roof terrace with barbecue, bike and individual storage, WiFi and ultra high-speed FIOS technology, and washers and dryers in every unit. More than half of the residences at The 505 feature private gardens, balconies, or private rooftop terraces, and the top floors boast marvelous, unobstructed views of the city skyline.

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 Development Marketing 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  or contact Vince Rocco at (212) 381-2357.

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

About Parkview Developers
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 and is developing a new hotel complex in Hell’s Kitchen. Residential projects have included land assemblage for new development, a Central Park South condo conversion, 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 Halstead Development Marketing:
Halstead Development Marketing is the exclusive sales and marketing firm for numerous new developments in the tri-state area. They consult 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  

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