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11-51 47th Avenue
Ascent Development is partnering with Charney Construction to develop an 11-story condominium building, containing 55 units, 22 parking spaces and ground floor retail. The construction will be performed in-house as an owner/builder, which will allow comprehensive control over the development process.
Development Services: Preparation of the initial financing package to secure a $62 million construction loan, and subsequent refinancing for $73 million. Marketing and sales meetings were attended for the purpose of reviewing costs and assessing the effectiveness of marketing tools. This resulted in a successful marketing campaign that has drove sales through the recession in 2008. Construction Services: Performed design development, value engineering, and job administration was provided to the owner. The construction process was overseen from selective demolition until the finishing of the building.
Project management services for new construction of approximately 535,000 SF of three buildings on the east river containing of a total 350 residential units, 8,000 SF of retail, 46,000 SF of sub-grade parking for 166 cars, 7,000 SF of health club and a 3,000 SF of community facility. Structure of all three buildings are structural steel with pre-cast planks on piles foundation. The envelope of all buildings are pre-fabricated GFRC panels with metal and glass windows and curtain wall system.
$30 million conversion of an existing eight-story warehouse to maintain retail in the cellar and ground levels and provide new residential, high end condominium, loft-style apartments on floors two through eight with adding four levels of residential floor on the roof. This conversion required and extremely intricate demolition and structural work with providing new façade for this century old building.
408 Greenwich Street
Owner's representative for new construction of approximately 45,000 SF of 9 story mixed used building in Tribeca neighborhood of Manhattan. The building will consist of a trading floor, office floors and four high end residential floors. The foundation of this landmark approved building , due to old structures of neighboring properties and high level of water table, is on augured piles with structural slabs. The structure of the building is structural steel with metal deck / concrete and pre-cast concrete exterior wall panels.
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Ascent Development, LLC 44-45 Vernon Blvd Queens, New York 11101