Related Sales, a division of Related Companies, today announced the official launch of sales at One Madison, the slender 60-story bronze glass tower overlooking Madison Square Park that boasts unparalleled panoramas of New York City and surrounding waterways. This boutique collection of 53 distinctive luxury condominium residences, with interiors curated by Yabu Pushelberg, sets a new standard for intimate urban living, while providing incomparable private amenities and personalized service.
“One Madison is an unprecedented offering. It presents a unique opportunity to purchase a residence with breathtaking 360-degree views in an iconic tower at the nexus of uptown and downtown Manhattan,” stated Leslie Wilson, senior vice president of Related Sales and Director of Sales at One Madison. “In addition to the premiere location, the residences have left no detail unattended to, offering the finest custom materials, grand amenities and specialized service in a boutique residential building.”
One Madison is being co-developed by Related Companies and HFZ Capital Group, in partnership with CIM Group and the Related Real Estate Recovery Fund. Full floor residences start at $10.5 million and occupancy is slated for early 2014. The Building: One Madison’s distinctly contemporary tower designed by Cetra/Ruddy is beautifully integrated into the surrounding historic architecture, offering dramatic views in all directions. The building is perfectly situated at the center of New York City’s most dynamic neighborhoods—Flatiron, Gramercy, NoMad and Chelsea—where uptown meets downtown in a brilliant display of innovative art, entertainment and culinary destinations.
Rising from the beginning of Madison Avenue, One Madison overlooks the lush green oasis of Madison Square Park, and offers spectacular river-to-river-to-sea views. BKSK Architects conceived One Madison’s discreet arrival experience at 23 East 22nd Street that reflects the historic significance of its Flatiron neighborhood. Once inside, one is enveloped into world-renowned designer Yabu Pushelberg’s meticulously appointed contemporary lobby with rich marble walls and sculptural elements, plus site-specific artwork created by celebrated local artists. One Madison’s signature and unmatched 24-hour personal service, which Related Companies is known for, begins here, with uniformed doormen and concierge.
“For an architect, creating a building that transforms the Manhattan skyline is a rare opportunity. One Madison gave us that opportunity,” said John Cetra, Founding Principal of Cetra/Ruddy.
The Residences: 53 sprawling loft-like residences with soaring floor-to-ceiling glass windows reveal views that range from breathtaking panoramas of the Manhattan skyline and surrounding waterways to intimate scenes of beautiful Madison Square Park. One Madison offers layouts tailored for a variety of discerning buyers including spacious one- and two-bedroom residences as well as three- and four-bedroom full-floor homes, many with private outdoor space.
A one-of-a-kind, five-bedroom triplex penthouse offers nearly 7,000 square feet of living space and dramatic vistas. There are also two unique residences located above the new 22nd Street entrance. Prospective buyers are given a choice of interior finishes in two signature palettes. Yabu Pushelberg’s contemporary and elegant residences offer dramatic light and views against herringbone solid oak floors and rich finishes. Custom bronze accented millwork kitchens with integrated appliances include Ayous wood kitchen cabinetry and a honed Calacatta Ondulato marble countertop and backsplash. Spa-like master and secondary baths are appointed with opulent Blue Cippolino or Grey Mist marble.
“Light colors and subtle textures are ethereal yet warm, emphasizing the residences’ open spaces and sweeping views of the city,” said George Yabu, co-founder of internationally acclaimed design firm Yabu Pushelberg.
Modernist-style residences by Cetra/Ruddy feature materials and finishes in light hues, with classical wide plank solid white oak flooring. Custom kitchen cabinetry, encasing seamlessly integrated appliances, is surrounded by satin-rubbed Indian Laurel veneer and luxurious Calacatta Borghini marble countertops. Serene master and secondary baths display a selection of luxurious stone surfaces from Italian travertine to Calacatta Gold, Crema Delicato and Thala Grey marbles.
The Amenities: Carefully crafted by Yabu Pushelberg, One Club at One Madison will serve as a 10,000-square foot extension of one’s home. An elegant lounge, parlor and screening room offer space for relaxation or entertaining, featuring beautiful views of Madison Square Park through floor-to-ceiling windows, and private parties in the dining room are facilitated with ease from the catering kitchen and enhanced with butler service. An additional floor offers a 50-foot indoor pool with bold marble-clad walls, state-of-the-art fitness center, yoga room, a sculptural glass-enclosed steam room, and children’s playroom. One Club also offers 24-hour service including on-site expert concierge and butler staff, to support everyday needs as well as access to the most desirable entertainment destinations, coveted restaurants and lifestyle experiences in New York City and worldwide. “For One Club, the modern townhome was our inspiration. We created spaces that are contemporary and sophisticated, yet completely comfortable,” noted Mr. Yabu.
For more information or to schedule a private appointment with Related Sales, please call 212.230.1130 or visit www.OneMadison.com.
### ABOUT RELATED COMPANIES: Related Companies is the most prominent privately-owned real estate firm in the United States with an existing portfolio of real estate assets valued at over $15 billion. Formed over 40 years ago, Related is the nation’s preeminent developer of luxury residential properties having pioneered the concept of commissioning celebrated architects to design residential properties by selecting Robert A.M. Stern to plan his firm’s first luxury condominium, The Chatham. In the development of Time Warner Center, Related combined super-luxury residences, the Mandarin Oriental hotel and residences, Jazz at Lincoln Center, stylish retail and the city’s finest collection of four-star restaurants, redefining sophisticated metropolitan living in New York and trademarking the term “Five Star Living.” The company’s portfolio of residential projects – including such recent developments as MiMA, The Brompton, The Caledonia, The Harrison and Superior Ink– stand as significant additions to the fabric of New York, and are also some of the most coveted, sought-after luxury addresses in Manhattan. Related also manages approximately $3 billion of equity capital on behalf of sovereign wealth funds, public pension plans, multi-managers, endowments, Taft Hartley plans and family offices, owns Equinox(R) Fitness Clubs, further enhancing the value of its properties by incorporating an exclusive, branded amenity into the lifestyle offering, and a partnership interest in Danny’s Meyers Meyer’s Union Square Hospitality Group. For more information about Related Companies please visit www.related.com.
ABOUT HFZ CAPITAL GROUP: HFZ Capital Group is a real estate development company headquartered in New York City. The company’s success can be attributed to their real estate professionals’ unique ability to uncover value. This expertise has allowed HFZ Capital Group to capitalize on market inefficiencies across a range of real estate types, including residential, hospitality, mixed-use, urban infill, entertainment and adaptive re-use properties. The company has expertise in a broad range of real estate disciplines, including analytics, structured finance, investment, development, construction and asset management. Their accomplished team has enabled the company to sustain positive returns over time in all market conditions. HFZ Capital Group has built its reputation on its breadth of talent, creative deal structuring and ability to manage risk. The company’s depth of experience gives it the insight and skill to turn their vision into strong returns for partners and investors. For more information please visit www.hfzcap.com. ABOUT CIM GROUP: CIM Group is a leading real estate and infrastructure investment firm that since 1994 has systematically and successfully invested in dynamic and densely populated communities throughout North America. CIM Group draws on its experienced team of real estate, investment and finance professionals to identify and pursue investment opportunities in three primary strategic categories: repositioning and development projects in established and emerging urban areas; well-positioned operating properties in transitional and established districts; and infrastructure. CIM manages three distinct portfolios, including opportunistic, stabilized and infrastructure funds, each of which are diversified by geography and type of property within that risk profile. Headquartered in Los Angeles, CIM maintains regional offices in New York, the San Francisco Bay Area and Bethesda, Maryland. For more information, please visit www.cimgroup.com.
### Contact: Rubenstein Associates, Inc. Anna Crowley 212-843-8268 acrowley@rubenstein.com
Anna LaPorte 212-843-8048 alaporte@rubenstein.com
