Blockbuster Sale at 220 Central Park South; New England’s Tallest Residential Building

The Ritz-Carlton Residences, Sunny Isles Beach Delivers Penthouse Collection

The Ritz-Carlton Residences, Sunny Isles Beach has finished, closed, and delivered its collection of four penthouses, totaling over $82 million in sales. All four penthouses sold to domestic buyers from the East Coast, including prison security system mogul Kenneth Mark Feldman, who purchased the largest of the penthouses at 9,100 interior square feet.

“The exceptional design talents of Bernardo Fort-Brescia of Arquitectonica and Florentine architect Michele Bönan, in combination with the brand’s legendary service and five-star resort-like amenities have been paramount to our sales success,” said Manuel Grosskopf, CEO of Château Group, in a press release announcing the closings. “There is an unprecedented value of living on the ocean in a brand-new, state-of-the-art building that is not only well-sited in the heart of Sunny Isles Beach, but has such a distinct focus on incomparable service.”

The beachfront building, which is not accompanied by a hotel, is the new flagship property of Ritz-Carlton-branded residences worldwide. The oceanfront building features 212 condominiums, now 89% sold, with prices starting from $2.25 million. Amenities include a pool deck, full-service spa, and a residents club on the 33rd floor.

New England’s Tallest Residential Building Welcomes Occupants

The Four Seasons Hotel and Private Residences One Dalton Street, Boston is officially open to hotel guests and residents. Designed by Henry N. Cobb of Pei Cobb Freed & Partners, the 61-story building is the tallest residential property in New England, and the tallest new construction in Boston in more than 40 years. In addition to a 215-key five-star hotel, the building hosts 160 private residences, including a duplex penthouse listed for $37 million. Sales momentum in the building was swift in 2020, with more than $200 million in sold property. Seven of Boston’s top 10 priciest residential sales in 2020 were at One Dalton Street.

In addition to the full roster of amenities that are available to hotel guests, residents have a private porte cochère entrance and a staffed lobby designed by Thierry Despont, as well as a gym designed by The Wright Fit, an indoor 65-foot lap pool, and a golf simulator.

Upper West Side’s Waterline Square Continues to Court Buyers

After a year with more than 100 sales, Waterline Square, the three-building luxury development on Manhattan’s Hudson River waterfront, has announced strong sales for the first half of 2021. There have been 17 new sales, valued at over $85 million, so far in 2021, with several additional contracts out for signature. Ten of the signed contracts are for three- to five-bedroom homes, signaling a pandemic-era demand for larger living spaces. The buildings, designed by Kohn Pedersen Fox Associates and Richard Meier & Partners Architects, are now 65 percent sold. 

“Waterline Square continues to outperform the market, which we attribute to people truly

appreciating the high-floor views, a holistic indoor environment for fitness, sports, and recreation, and having a beautiful new park right outside your door,” said Melissa Ziweslin, the senior managing director of Corcoran Sunshine Marketing Group, in a statement. “Real estate brokers and buyers recognize the value in purchasing a home by some of the world’s greatest architects and designers, with incredible amenities and a 20-year tax abatement.”

Residents of Waterline Square have access to the Rockwell Group-designed Waterline Club, which has 100,000 square feet of amenity space, including an indoor tennis court, an indoor skate park, a gardening studio, and a dog playground. The buildings frame a 2.6-acre park designed by Mathews Nielsen Landscape Architects.

220 Central Park South Pads Fetch $157.5 Million In Blockbuster Sale

Two adjacent condos at the Robert A.M. Stern-designed 220 Central Park South have sold for a combined $157.5 million, becoming one of the priciest residential transactions of all time in New York, the Wall Street Journal reports. The buyer, whose identity is shielded by an LLC, purchased a 5,935-square-foot residence spanning the full 60th floor for $82.5 million and the similar-sized full-floor residence above it for $75 million. The sale also included a studio on the 18th floor. Both were resales that netted the sellers considerable profits: In 2020, the 60th-floor residence sold for $50.9 million, and the residence above sold for $51.4 million.

Arte Surfside Penthouse Sale Is Largest Known Crypto Real Estate Deal

Less than a month after it announced that it would accept cryptocurrency for all of its remaining residences, Arte Surfside has logged the largest-known cryptocurrency real estate deal ever, The Real Deal reports. The $22.5 million penthouse encompasses the full ninth floor, spans 5,067 square feet, and has 360 degree shore and city views. The four-bedroom, four-bathroom spread also comes with a nearly 3,000-square-foot wraparound terrace and a wine-tasting bar.

“Cryptocurrency is the future of wealth, and we believe this is only the beginning,” said the co-developer Giovanni Fasciano in a statement quoted by The Real Deal. “Arte has set the precedent for what these sales can look like, and how fast they can take place. We’re proud to have laid the groundwork for this new, burgeoning world.” The oceanside condominium partnered with the blockchain platform SolidBlock to create a digital infrastructure for purchases in Bitcoin and Ethereum, although it’s not yet known which cryptocurrency was used in the penthouse sale.