Market Research Logo

Chetrit/Somerset – The Piano District – New York - Project Profile

Chetrit/Somerset – The Piano District – New York - Project Profile

Synopsis

"Chetrit/Somerset – The Piano District – New York - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

The "Chetrit/Somerset – The Piano District – New York - Project Profile" is part of Timetric's database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.

Summary

Chetrit Group LLC (Chetrit) and Somerset Partners LLC (Somerset) are planning to construct a residential facility in New York, the US.

The project involves the construction of a residential complex comprising seven towers with 1,300 apartment units. The project will be developed in phases.

At 2401 Third Avenue, the project will include construction of a 25-story standalone tower, a 25-story and 16-story building. It will also include construction of 36,689m2 residential space with 826 market rate apartments, and 390m2 community facility space.

At 101 Lincoln Avenue, the project will include construction of three 24-story buildings and a 22-story building. It will also include construction of 75,915m2 residential space, 1,904m2 retail and 102m2 community facility.

The project will also include the construction of 589 parking spaces, swimming pool, bike storage, a gym, and a pet care facility, restaurant, a screening room, 2,369m2 publicly accessible waterfront esplanade and a library and the installation of elevators, and safety and security devices.

Eastdil Secured has been appointed as transaction adviser and Goldstein Hill & West Architects (GHWA) as an architect.

In September 2015, Chetrit and Somerset filed planning application for two towers with the City of New York.

In March 2017, Chetrit and Somerset revised the plans to build seven buildings.

Scope

The project involves the construction of a residential complex comprising seven towers with 1,300 apartment units in New York City, New York, the US.

The US$500 million project includes the following:

1. Construction of 112604m2 residential facility

2. Construction of a 492m2 community facility

3. Construction of 1904m2 retail space

4. Construction of 2,369m2 publicly accessible water-front esplanade

5. Construction of 589 parking spaces

6. Construction of swimming pool, bike storage, a gym

7. Construction of pet care facility, a screening room

8. Construction of restaurant and library

9. Installation of elevators

10. Installation of safety and security devicesReasons To Buy

  • Gain insight into the project.
  • Monitor the latest project developments.
  • Identify key project contacts.


1.Key Statistics
2.Key Dates
3.Sector
4.Operating metrics
5.Tender Information
6.Scope
7.Description
8.Latest update
9.Background
10.Key Contacts
11.General News, Project News
12.Appendix

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report