May 15th 2012
FiDi’s Premier Condominium Sees Marked Uptick in Sales Over Past 3 Months
Building’s Armani/Casa Interiors, 30,000 Square Feet of Amenity Space and Elegantly Appointed Homes Continue to Lure Buyers
New York, NY – The Financial District’s (FiDi) premier condominium, 20 Pine The Collection, reaches the final stage in their sales program – with only 20 homes left, interested buyers must act fast, or risk losing out on this rare real estate opportunity.
An architectural gem dating to 1928, the impeccably renovated landmarked building – originally home to the Chase Manhattan Bank headquarters – boasts spacious residences with elegant finishes and an unparalleled collection of “couture amenities.” The first fashion-branded luxury residential development in the U.S., featuring Armani/Casa designed interiors, has been attracting discerning buyers since its sales program began, with a marked uptick in closings in recent months.
“We are just around the corner from 100 percent sold,” said Lori Ordover, managing member of The Ordover Group, a consultant to Africa Israel USA (AFI USA), developer of 20 Pine. “I want to thank Deborah DeMaria, Caleb Hartzler and the rest of our amazing sales team for making the building such a success.”
The building’s 409 homes are each outfitted with custom designed kitchens by Bontempi, a premium Italian manufacturer, with appliances smartly concealed behind cabinetry that blends into the living space. Kitchens feature a Sub-Zero refrigerator, Fisher & Paykel dishwasher and stainless steel Miele cooktop. Elegantly appointed bathrooms showcase Galaxy Schist stone floors and walls, an open stall with recessed light rain shower, soaking tub and vanity finished in exotic wood.
The common spaces and architectural elements therein are as spectacular as the homes themselves. On the subcellar floors, AFI USA restored the bank’s magnificent 1920s vault doors, each weighing 45 tons, complete with the original gears and machinations, and transformed them into works of art that lead to the Pool Pavilion and Spa. Outside, on the 25th floor open air Terrace Lounge, the building’s original stone cornices and Egyptian motifs surround the deck’s tranquil reflecting pool and sculpted plantings.
Other communal spaces include the Library Lounge, enjoyed by residents craving a peaceful area to delve into a book, or engage in quiet conversation, and the Collection Club Lounge, a venue to meet, listen to music, play games or read. Residents located on the 25th through the Penthouse floors step off a dedicated elevator into the Concierge Lounge, where a continental breakfast awaits daily and where residents have access to Quintessentially, a concierge service regarded as one of the most elite in the world.
Whether swimming in 20 Pine’s 60 foot pool (located in one of the building’s original bank vaults) or taking classes in yoga, Pilates and cardio kickboxing in its state-of-the-art fitness center, residents can utilize the property’s vast amenities. For those more inclined to unwind, there is a Turkish steam bath and one-on-one spa services provided by a staff of trained technicians and masseurs.
Other facilities popular with residents include the Billiards Room with two regulation-sized tables and the Full Swing TM Golf Simulation Room, where a virtual round of golf can be played on simulated courses everywhere from St. Andrews to Pebble Beach. Private in-building subway access to the 2, 3, 4, and 5 trains is a beloved feature for those who commute, while the walk to Wall Street is equally unbeatable for many 20 Pine residents who work nearby.
Manhattan’s FiDi has morphed from a virtual after hours ghost town into a lively 24/7 community that is the fastest growing residential area in New York City. Many of the area’s 15 Zagat-rated restaurants are right outside the building’s front door. Luxury retailers like Tiffany & Company, Hermes, Canali and Thomas Pink now populate FiDi. Transportation is a snap with 14 subway lines and heliport just steps away.
First time buyers can take advantage of the 421-G tax abatement and affordable pricing: studio residences are available for under $700,000. For families seeking larger homes, there are still a number of oversized two- and three-bedroom residences in this family-friendly building, which has its own Bright Horizons Child Care Center on the ground level and is within close proximity to many other day care options, parks and excellent schools.