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Construction starts on Albanese' newest green tower.


New York's newest green, or environmentally engineered, residential tower is now under construction on the last developable residential site in the south neighborhood of Battery Park City.

The building is being developed by the Albanese Organization in partnership with Starwood Capital Group Global, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
.

Directly overlooking Manhattan harbor and located at 70 Little West Street in Battery Park City, the development will occupy a full square block bounded by Battery Place, Little West Street, Second Place and Third Place, one block from the Ritz-Carlton Hotel.

The building, which has been designed by Rafael Pelli of Pelli Clarke Pelli, will be a glass and terracotta tower featuring a unique curved facade that allows generous river views from all four corners.

The 33-story, 500,000 s/f. tower will feature 251 condominium condominium

In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common.
 residences as well as 4,200 s/f of ground floor retail space. 40,000 s/f of the building is reserved as the new headquarters for the Battery Park City Parks Conservancy, which operates 32 acres of open public space at the southern tip of Manhattan.

The Albanese Organization is widely credited with introducing environmentally advanced urban living to the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  with The Solaire, the nation's first environmentally engineered residential tower.

The Solaire helped create a market for green residential buildings and became an instant icon for the green design and construction industry worldwide.

The Albanese Organization has since completed a second green residential tower, The Verdesian, on an adjacent site in Battery Park City. The sponsor of the condominium project is Battery Place Green, LLC. The design and construction team includes Pelli Clarke Pelli, design architect; Schuman Lichtenstein Claman & Efron, building architect; Stedila Design, interior designer; Cosentini Associates, mechanical and electrical engineer; DeSimone Consulting Engineers, structural engineer; Turner Construction Turner Construction Company is one of the largest construction management companies in the United States with a construction volume of $8.5 billion in 2006. According to Engineering News-Record  Company, general contractor A general contractor is an organization or individual that contracts with another organization or individual (the owner) for the construction of a building, road or any other execution of work or facility. .

Total project costs are $310 million, and financing includes a $244 million construction loan provided by Heleba (Landesbank Hessen-Thuringen Girozentrale).

The Marketing Directors is the exclusive sales and marketing agent for the property. The creative and advertising firm for the project is dBox. Media and community relations 1. The relationship between military and civilian communities.
2. Those public affairs programs that address issues of interest to the general public, business, academia, veterans, Service organizations, military-related associations, and other non-news media entities.
 is being handled by HLD/Blankman Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most .
COPYRIGHT 2006 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Real Estate Weekly
Date:Oct 11, 2006
Words:350
Previous Article:Cappelli tops off tower.
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