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Developers go extra mile to attract tenants, buyers.


As more families and young professionals choose to make longer-term commitments to the city, resisting the lure of the suburbs, developers have been encouraged to go the extra mile to both retain and attract tenants and buyers. From baths adorned a·dorn  
tr.v. a·dorned, a·dorn·ing, a·dorns
1. To lend beauty to: "the pale mimosas that adorned the favorite promenade" Ronald Firbank.

2.
 with limestone and marble as opposed to tile, and premium appliances such as Subzero refrigerators and Viking stoves replacing more standard appliances in the kitchen, New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 City's residences are offering tenants better quality materials, state-of-the art amenities and a higher level of service than ever before.

For the architect, this presents both new opportunities and challenges. Doors have been opened that welcome more creativity and originality in building design, but at the same time, remaining within the developer's budget is still a top priority.

Increased amenities create unique design solutions. As building owners increase the services provided to residents, even doorman stations have changed. We now design concierge desks and stations to house state-of-the-art security, filing systems for the latest information on restaurants and Broadway shows, and dry-cleaning drop-off rooms and refrigerated re·frig·er·ate  
tr.v. re·frig·er·at·ed, re·frig·er·at·ing, re·frig·er·ates
1. To cool or chill (a substance).

2. To preserve (food) by chilling.
 package rooms to accept grocery deliveries. Cetra/Ruddy is renovating a 558-unit residential project on West 57th West 57th can refer to:
  • West 57th Street, a street in New York City
  • West 57th (news magazine), a news magazine program which aired on the CBS Television Network from 1985 to 1989
 Street which will accommodate all of these features.

In the case of 45 Wall Street, Cetra/Ruddy served as design architect for one of the first major office buildings to be convened to residential use under the Lower Manhattan Lower Manhattan is the southernmost part of the island of Manhattan, the main island and center of business and government of the City of New York. Lower Manhattan is generally defined as the area delineated on the north by Chambers Street, on the west by the Hudson River (North  Plan. Responsible for the building's new facade, lobby, club lounge, executive conference center, fitness center and all common areas, Cetra/Ruddy worked with the property's owner/developer, a partnership consisting of the principals of Rockrose Development Corp. and Whitehall Street Limited Partnership, an affiliate of Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. , to provide prospective tenants with the ultimate live/work/play environment.

Cetra/Ruddy's greatest challenge was to create a warm and gracious residential ambiance am·bi·ance also am·bi·ence  
n.
The special atmosphere or mood created by a particular environment: "The noir ambience is dominated by low-key lighting . . .
 from a somewhat plain 1950's office building. A new entrance facade of limestone and granite, a glass and metal canopy and custom-designed lighting fixtures accomplished the marketing goals of the owner.

The 24-hour attended lobby made use of existing materials saved from the property's past as the headquarters of a prominent bank. By incorporating the original marble walls and terrazzo terrazzo

Type of flooring consisting of marble chips set in cement or epoxy resin that is poured and ground smooth when dry. Terrazzo was ubiquitous in the 20th century in commercial and institutional buildings.
 flooring into the new design plans and adding intricate wood detailing and paneling, a beautiful coffered cof·fer  
n.
1. A strongbox.

2. often coffers
a. Financial resources; funds.

b. A treasury: stole money from the union coffers.

3.
 ceiling and soft residential lighting, 45 Wall Street exudes old world charm. Cetra/Ruddy also preserved the elegant cast bronze elevator doors and bronze facade graphics.

45 Wall Street also offers its tenants a private club outfitted by Cetra/Ruddy with wood paneling and the finest interior design elements. Cetra/Ruddy envisioned "Club 45" as an extension of the renter's home.

An elegant social setting to complement the building's corporate amenities, the Club contains a large screen television and a billiards billiards, any one of a number of games played with a tapered, leather-tipped stick called a cue and various numbers of balls on a rectangular, cloth-covered slate table with raised and cushioned edges.  room, which are made available for parties or just socializing.

As life in the big city continues to entice renters and owners and the supply and demand equation remains unbalanced, the most successful new development projects will be ones such as 45 Wall Street, where Rockrose and its partners had a well-honed eye on the marketplace, and their architect, Cetra/Ruddy, developed designs that met the developer's goals.
COPYRIGHT 1998 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Spotlight On: Residential Real Estate
Author:Ruddy, Nancy
Publication:Real Estate Weekly
Date:Jul 29, 1998
Words:525
Previous Article:Linking affordable rentals to market-rate housing in NYC. (New York, NY)(Spotlight On: Residential Real Estate)
Next Article:Hughes Ave. Apartments tops off; Meltzer/Mandl designs apartments. (apartment house in Bronx, New York, NY whose units are being designed by...
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