According to Moody’s Analytics, Americans have an estimated $2.5 trillion in overall excess savings from the pandemic era. In addition, as funds from around the world seek safe, stable, and valuable investment opportunities, new-construction US real estate remains among the most attractive and largest assets both for families and for investors.
200 East 59New York
A newly completed New York City skyscraper located at 200 East 59th Street (the intersection of the Upper East Side and Midtown) pushes the boundaries of classic modernism. Designed inside and out by award-winning firm CetraRuddy, the building’s bold, terraced architecture offers New Yorkers a rare indoor/outdoor lifestyle. Each of the 67 seemingly suspended-in-air residences has 10-foot-high ceilings, floor-to-ceiling window walls, and wraparound terraces. In the open-plan kitchens: custom Italian white-glass and aluminum cabinetry; professional-grade white-glass Miele appliances; book-matched marble countertops. Large baths, finished in a neutral palette of honed-and-polished Siberian marble, have rain showers with thermostatic controls and radiant-heat flooring. Doormen, porters, and concierge services are available 24 hours a day. From $1.695 million; 200east59.com
40 West 12th StreetAtlanta
Designed by Atlanta-based firm Rule Joy Trammell + Rubio, 40 West 12th Street is a skyline-changing, 16-story tower that sits within a massive $530-million mixed-use development called 1105 West Peachtree—in Atlanta’s heart of commerce and finance. It has lured both the Epicurean hotel (which services condo residents) and an ultramodern office tower in which Google leases more than 500,000 square feet. Among the condominiums, developed by Selig Development and Rockefeller Group, are 64 two- to four-bedroom residences with easy access to the outdoors, including the landscaped, more-than-an-acre Sky Terrace. To stay active no matter the season, residents have access to a high-level, year-round pool with retractable floor-to-ceiling windows where they can swim or lounge next to a deck with sweeping views of Midtown Atlanta. From $1.2 million; 40west12th.com
The Residences at the Tampa EDITIONTampa, Florida
High on Coldwell Banker’s list of desirable second cities, Tampa is having a moment. Water Street Tampa, developed by Strategic Property Partners, is a multi-phased, mixed-use development transforming 56 acres of empty parking lots into a full-fledged, downtown neighborhood and, for the first time, introducing a walkable experience to the city. This is the first WELL-certified neighborhood in the world (designated by the International WELL Building Institute), with extra-wide sidewalks and streets that prioritize pedestrians. New parks and public plazas entice people outside, where strategic plantings reduce UV ray exposure. Office designs take into account biophilic tendency, built with huge terraces for working outside. Phase One includes 37 residences, nearly all with floor-to-ceiling windows and private balconies, atop The Tampa EDITION, the city’s first five-star hotel and branded residences. From $2 million; tampaeditionresidences.com
Centuries-old buildings debuting as luxury condominiums may be one of the biggest real estate trends of the moment. Architectural gems—in the United States and around the world—are taking on new lives as ultra-rare, multimillion-dollar homes. The most sought-after listings have fascinating former lives as banks, libraries, office buildings, and posh gentlemen’s clubs during the Belle Epoch.
71 WentworthCharleston, South Carolina
Designed by 19th-century Charleston architect John Henry Devereux, 71 Wentworth was originally a palatial Masonic Lodge built in the Tudor Gothic Revival style. Richly molded and arched windows soared as high as 18 feet tall. The original second-floor Grand Lodge Room, an impressive 60 feet by 70 feet, seated more than 1,000. This historic building—in a neighborhood that’s an eclectic mix of antebellum homes and modern townhouses—is being reimagined (by East West Partners) into 12 open-plan residences with huge windows, cathedral ceilings, enclosed loggia, and centuries-old brick, timber, and heart-pine. Contemporary finishes and all the mod-cons complete the package. From $2.4 million; 71wentworth.com
One Prospect Park WestBrooklyn, New York
Originally built in 1925 by the Knights of Columbus, this rare new condominium located directly on Prospect Park once served as a clubhouse (complete with ballroom, bowling alley, and indoor swimming pool) for many social events in Park Slope. The historic building has now been converted by Sugar Hill Capital Partners into the first residential building designed by WORKSTEAD, the acclaimed Brooklyn-based design studio. Grandly proportioned rooms include plaster walls and reclaimed wood floors. In the kitchen find a Calacatta Vagli marble island against the backdrop of custom-made, paneled cabinetry. The ground-floor lobby leads to the library (for hosting gatherings, solitary working, or playing the occasional game of chess) and a children’s playroom. Cozy, multi-purpose spaces have window seats that look out onto Grand Army Plaza. Residents enjoy a wild-and-landscaped rooftop meadow with fruit trees designed by ODA, representing the distinguished architecture and design firm’s first landscape-only commission. From $2.6 million; 1prospectparkwest.com
Rosewood ResidencesSão Paulo
Centrally located near the lively Avenida Paulista, the just-opened Private Rosewood Suites at Rosewood São Paulo occupy the 10th through 24th floors of the hotel’s striking vertical garden tower (the Mata Atlantic Tower) designed by Pritzker Prize–winning architect Jean Nouvel and artistic director Philippe Starck. The overlapping trellises and brise-soleils frame a vertical forest of indigenous flora from the Mata Atlantica rainforest. Starck’s interiors pay homage to Brazil, with curves in the spirit of mid-century Brazilian architect Oscar Niemeyer and handcrafted touches by some 4,000 local artisans. The 100 private suites have terraces overlooking the city or the lush gardens of Cidade Matarazzo—a calm and green refuge that encompasses the Rosewood’s transformation of the historic and beloved Condessa Filomena Matarazzo Maternity Hospital (more than 500,000 Brazilians have been born here). rosewoodhotels.com