Selling the sweet life in New York City.The Related Companies hope their new ad featuring the Veneto luxury condominiums on East 53rd street will help prospective buyers identify with "La Dolce Vita dolce vi·ta n. A luxurious, self-indulgent way of life. [Italian : dolce, sweet + vita, life.] ," the sweet life, as depicted de·pict tr.v. de·pict·ed, de·pict·ing, de·picts 1. To represent in a picture or sculpture. 2. To represent in words; describe. See Synonyms at represent. in a photograph of a care-free, sophisticated, middle-aged couple strolling down the street, and consider living there. The ad's strategy reflects a recurring re·cur intr.v. re·curred, re·cur·ring, re·curs 1. To happen, come up, or show up again or repeatedly. 2. To return to one's attention or memory. 3. To return in thought or discourse. trend in today's fast-paced high end residential market through which developers seek to understand lifestyle tastes of prospective buyers and create comprehensive campaigns to target them. "Once, when there were only two projects on the market, everybody flocked to it, now the market is a lot more competitive and you need to make sure you stand out, and that you are able to communicate whatever makes your product special to the buyer as quickly as possible," said Tricia Cole, COO at the Corcoran Group. There are discrepancies among developers about what point in the process advertising is developed. Some developers claim the ads arise organically after the nature of the neighborhood where the residences are or the design of the residences themselves. "We wanted to come up with a way to convey that sense of glamour in a real 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 sense so we used as inspiration the notion of La the Dolce Vita as the sweet life," said David Wine, president of Related Residential Development, we think that's consistent with what historically has been the glamorous glam·or·ous also glam·our·ous adj. Full of or characterized by glamour. glam or·ous·ly adv. east 50's. The campaign is
really stemming from wanting to convey the sense of glamour and
sophistication so·phis·ti·cate v. so·phis·ti·cat·ed, so·phis·ti·cat·ing, so·phis·ti·cates v.tr. 1. To cause to become less natural, especially to make less naive and more worldly. 2. we think the building carries through. It's not the other way around. The essence of the building is this warmth, sophistication and glamour." The Corocoran group has an in-house research team that is intricately involved in the research and marketing anywhere from one to three years throughout the development of the project. "It's an evolving process. Each project takes on an identity of its own and an advertising campaign and strategy grows out of that," Cole said. The life of a Corcoran ad however, usually runs about four months. These can run the gamut--from a simple floor plan superimposed su·per·im·pose tr.v. su·per·im·posed, su·per·im·pos·ing, su·per·im·pos·es 1. To lay or place (something) on or over something else. 2. over a Manhattan view that allows potential clients to see exactly what kind of space they will be getting for their money, to an ongoing campaign incorporating cartoon characters reporting on issues important to the building that change on a regular basis. Others research and determine their target buyers at the earliest stages of the design process. The Shvo Group's new ad for luxury condominiums at 8 Union Square South, a simple black figure 8 in-filled with green leaves on a brown backdrop, is part of a comprehensive package which includes a "hip and elegant sales office" and posters designed to conjure up or make visible, as a spirit, by magic arts; hence, to invent; as, to conjure up a story; to conjure up alarms s>. See also: Conjure terrestrial park longings in affluent clientele. Specifics of this campaign and the condos themselves--including generous square footage and hefty heft·y adj. heft·i·er, heft·i·est 1. Of considerable weight; heavy. 2. Rugged and powerful. See Synonyms at heavy. 3. $2 million price tags--were designed after months of research. Research determined that the "prominent" park side address would appeal most to pied-a-tere buyers, people who also have homes outside New York but like the central location, and those who might be upgrading from smaller spaces or want to start families, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Michael Shvo, founder and principal of the Shvo group. "The market has not diversified diversified (di·verˑ·s so much as split," he said. "You have two buyers--one who wants something unique and will pay a premium for it because that home is like nothing else on the market, and another who wants a deal and will sacrifice location, size and amenities to get that deal." To further attract clientele, developers are selling renowned labels that their targeted clientele might identify with. Related Company's campaign pushes the work of designer Adam Tihany Adam Tihany is an American interior designer and interior architect. He was named one of the greatest American interior architects by The New York Times in 2001 . He has been commissioned to design the Mandarin Hotel in Las Vegas, the Shangri-la Hotel in Singapore and other hotel , whose work and name is associated with elegant European interiors. Shvo has brought world renowned concierge service, Quintessentially, to 8 Union Square to appeal to travelers. "The ads that will succeed are the ones that beautifully illustrate a mood, a spirit and a lifestyle of what it is like to live in the building. Showing a floor plan will never accomplish that. Showing a view will never accomplish that," said Shvo. Specific moods Shvo is hoping to illustrate in the 8 Union Square campaign include "owning a piece of Union Square," and having "a park to call your own, a private park that is just moments away from every convenience you could possibly want." Campaigns targeting specific lifestyles have transcended classic paper advertising to the World Wide Web. "Institutional image" oriented o·ri·ent n. 1. Orient The countries of Asia, especially of eastern Asia. 2. a. The luster characteristic of a pearl of high quality. b. A pearl having exceptional luster. 3. marketing is on the rise, too, targeted at different market segments. Lavish publications for luxury properties are created by companies for direct mailing to high-net-worth zip codes zip code System of postal-zone codes (zip stands for “zone improvement plan”) introduced in the U.S. in 1963 to improve mail delivery and exploit electronic reading and sorting capabilities. . "At the other end of the spectrum real estate companies are creating blogs on their websites to bond with younger "Echo Boomer" buyers who relate to that sense of mentality age," said Pamela O'Connor Pam O'Connor (born March 22, 1980 in Glasgow) was a British ice dancer. She competed with Jonathon O'Dougherty, and the couple won the gold medal at the 2002 British Ice Figure and Dance Championships. They retired from competitive skating in 2005. , president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Leading Real Estate Companies of the World. In today's highly competitive market, these campaigns could help make that split second difference that prompts buyers to invest. "You can't just open a building and sit there and expect people to find you--even last year!" said Wine. "You are always spending money in order to promote the availability of your building. The real question is whether you spend the money wisely; whether you convey a compelling message within your advertising. We are constantly trying to measure the effectiveness of each ad in terms of building a buildings identity in the marketplace and the cost of doing that." Adding that such strategic marketing is nothing new to the market, Wine said, "You can't point to one thing and say people are buying because of the ad. People are buying because they love the finishes of the design of the building and of the residences. We have been able to successfully convey that in the advertising in a way that makes people come to the sales office and then its all up to the building. All the advertising can do is get them into the sales office. If once they get there what they see disappoints them, the best ad in the world isn't going to sell it." |
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