57 Bond St. project spearheading NoHo neighborhood revitalization. (Residential).

What is believed to be the first new residential condominium building on the Bowery north of Houston Street, is spearheading the revitalization of the NoHo neighborhood. The building, which will include such amenities as outdoor showers and hot-tubs, is bringing oversized loft apartments to an area that has been relatively untouched by the waves of new residents and businesses that have swept into nearby Soho, Greenwich Village and--more recently--the East Village.

Located at 57 Bond St. on the corner of the Bowery, the new project is expected to top out in October of this year, and is slated to be completed by May, 2003. It is being developed by a subsidiary of Alchemy Properties, Inc. of Manhattan: Bowery NoHo, LLC.

Meltzer/Mandl Architects of Manhattan designed the $7 million, 32,000-SF building, which sits on a corner site, giving the planned apartments tremendous light and exposure. 57 Bond St. will contain 10 loft-type residences, priced from $l.335 million to $1.97 million and ranging in size from 1,470 to 2,512 SF. Every residence will feature private balconies or terraces that range up to 1,134 SF. The six-story project will also house over 5,000 SF of street-front retail space.

The two penthouse units, which are 1,470 and 1,704 SF in size, will feature wood burning fireplaces and private rooftop terraces of 1,134 SF and 966 SF, respectively. One of the most extravagant features of the penthouses will be their four-person hot tubs and outdoor showers.

A line of custom bath fixtures will be unveiled in 57 Bond St. The line, which is exclusive to Alchemy Properties, will also be present in the company's future projects. The Alchemy line of fixtures includes 54-inch Italian custom made double basin sinks, with teak tables and satin nickel hardware; as well as custom made 72-inch tubs. Separate shower units will be outfitted with Mr. Steam steam showers with stone floors.

The loft residences will feature 11-foot ceilings, marble and Pietra Cardosa stone, first grade maple floors, living rooms with two-oversized floor-to-ceiling glass walls, Poggenpohl Kitchens, and stainless steel appliances that include SubZero refrigerators and wine coolers, Bosch dishwashers and washers and dryers, and Vildng gas ranges and ovens, with Prestige hoods.

All of the residences will have access to a common rooftop area of 1,000 SE with an outdoor shower for sunbathers. Personal basement storage facilities with an excess of 100 SF per unit, are to be provided to all residences.

The stylish residential lobby will feature an elegantly arced wall, with custom metal paneling in a luminous finish that matches the building's exterior finish. The opposite wall of polished wood accommodates a series of recessed niches with concealed lighting. "We want to create a sleek residential building that brings stylish state of the art luxury to the neighborhood. At 57 Bond St., that translates into large terraces, expansive floor plans and the highest quality materials," said Kenneth Horn, president of Alchemy Properties.