DALLAS
HOUSTON
LAS VEGAS
LOS ANGELES
MIAMI
NEW YORK
ORANGE COUNTY
GO EAST, YOUNG MAN
THE CHARLES MAKES ITS MARK ON RESIDENTIAL REAL ESTATE UPTOWN THIS SPRING
PA L M B E A C H
SAN FRANCISCO
The Upper East Side’s impossibly opulent real estate landscape continues to expand with Town Residential’s latest high-rise, The Charles. The 32-floor glass tower on First Avenue is the only all-residential project with interiors designed by the late David Collins, whose legacy includes the Scarpetta restaurant inside Miami’s storied Fontainebleau resort and The London hotels in NYC and West Hollywood. “The Charles offers the privacy and space residents might find in a townhome, but with the amenities and convenience of a luxury apartment in the sky,” developer Ramin Kamfar says. Full-floor units start at 3,300 square feet and will boast floor-to-ceiling windows that complement glistening mostly white interiors punctuated with striking grays and blues. The elegant, dramatic and icy aesthetic perfectly represents the designer’s glamorous style. Starting at $5.8 million. 1355 FIRST AVENUE; CHARLESNYC.COM
Real Estate Roundup
Jeffrey Roseman, a founding partner of Newmark Grubb Knight Frank Retail, has had a hand in the development plans of some of the biggest companies out there, from Barneys to Urban Outfitters and Equinox. Here he tells us more about which New York neighborhoods are hottest and why retail is still king.
ON THE NEXT GREAT NYC NEIGHBORHOODS:
Roseman likes the growth he sees in Williamsburg, the Bowery and NoMad. Hip hotels, interesting new restaurants and trendy shopping are complemented by strong office and residential projects, making all three incredibly dynamic. “All of these areas share a vibrancy that is very much in demand,” he says. ON NYC’S RETAIL POWER:
All those tourists on the street in Manhattan aren’t just gawkers: they’re potential customers. “Nowhere else offers the brand visibility, the tourists
and the energy,” Roseman says. “A great store here,” he adds, “will take a retail brand to the next level.” ON MADISON AVENUE’S CACHET:
Brands from all over vie for space on the tony Upper East Side thoroughfare, and Roseman isn’t the least bit surprised, saying that recent movement—both new tenants and address switcheroos—has made Madison Avenue that much hotter. “It is arguably the finest luxury street in the world,” he adds. “Every exclusive brand must have a store on Madison, period.” ON WHAT’S NEXT:
Stores will get even more over-thetop. “Retail is now entertainment,” Roseman says. “The experience we get when we walk into an Apple store or an Eataly is quite different from what shopping was just a few years ago.”
APPLE STORE: OLIVER MORRIS/GETTY IMAGES; MADISON AVENUE: BEN HIDER/GETTY IMAGES; STREET SIGN: ULRICH BAUMGARTEN VIA GETTY IMAGES; WILLIAMSBURG BRIDGE: STEPHEN CHERNIN/GETTY IMAGES; ALL OTHER IMAGES COURTESY
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