Lendlease, LMXD and Daiwa House announce condominium closings at Claremont Hall

41-story transformative mixed-use condominium tower designed by Robert A.M. Stern Architects features 165 new condominiums in Manhattan’s Morningside Heights.

 Lendlease, a global integrated real estate group, together with LMXD, an affiliate of L+M Development Partners, and Daiwa House Texas Inc., today announced that closings have commenced at Claremont Hall in Manhattan’s Morningside Heights.

Situated within the campus of Union Theological Seminary (UTS), a globally respected 180-year-old center of theological education, the 41-story, mixed-use condominium building, designed by iconic New York architecture firm Robert A.M. Stern Architects (RAMSA), provides residents with majestic views of the Hudson River, Riverside Park, Central Park and Midtown Manhattan. Its unique location offers unparalleled access to the rich culture and academic community of the broader Morningside Heights neighborhood.

“We are incredibly proud to see closings commence at Claremont Hall, marking a pivotal moment in our commitment to preserving the rich history of the UTS campus while creating a vibrant, modern community in the heart of Morningside Heights,” said Monique Henley, Executive General Manager, East Coast Development at Lendlease. “Claremont Hall stands as a testament to Lendlease’s vision of creating world-class homes that reflect the essence of their neighborhoods.”

Located at 100 Claremont Avenue at the corner of West 120th Street, Claremont Hall buyers can choose from 165 condominiums for sale ranging from one to four bedrooms. Starting at $1.25 million, residences vary in size from 700 to 2,765 square feet.

“After years of close collaboration with UTS and the Morningside Heights community, it is thrilling to be joining with our partners at Lendlease and Daiwa to open what we hope to be one of the most elegant and welcoming buildings on the West Side,” said David Dishy, CEO of LMXD. “Claremont Hall has been meticulously designed and constructed to both complement UTS’s classic campus and to offer the best possible living experience for all our homeowners now and in the future.”

“Daiwa House is proud to mark the commencement of condominium closings at Claremont Hall,” said Gregory Taketa, Executive Vice President of Daiwa House. “Our decision to invest in this project was rooted in our belief in its potential to foster community in an unparalleled space, and today, we see that potential being realized. The thoughtfully designed building represents the evolution of the Morningside Heights neighborhood, keeping its deep historical roots at center of mind.”

The residences feature sweeping river and park views, generous ceiling heights, oversized windows and European white oak flooring. The state-of-the-art open kitchens are appointed with a Bosch appliance package, custom RAMSA-designed Italian cabinetry with a choice of a classic Bianco or modern Grigio finish, Calacatta Laza quartz countertops and chrome fixtures and hardware. Select homes include private outdoor terraces or loggias overlooking the city and the Hudson River.

The impressive suite of amenities and the lobby arrival, designed in partnership with CetraRuddy Architects, merge Old World influences with a fresh sensibility. The collection features modern yet earthy colors, textures and materials, along with a balance of classical and contemporary furniture, creating a design scheme that is both aspirational and approachable. The curated mix of amenities include a walnut-paneled library, grand dining room, children’s playroom, a creative maker’s room, resident lounge with a terrace, fitness center, onsite parking and a stunning indoor pool – the former refectory for seminary students and faculty. The pool includes soaring Gothic ceilings and original chandeliers and ceiling beams that provide a serene retreat for residents year-round. The refectory space will additionally be available to residents for private events.

“Between its impressive amenities, unparalleled views, academic setting, and world-class design, Claremont Hall is truly a once-in-a-generation opportunity for buyers,” said Danika Dorsey, Senior Sales Director at Corcoran Sunshine Marketing Group. “The building’s architecture, interiors, and views speak for themselves, and it’s a pleasure to see how strongly the property resonates with a wide variety of buyers who are looking for a distinctive lifestyle in one of the city’s most historic and celebrated neighborhoods.”

Claremont Hall also provides approximately 54,000 square feet of modern classrooms, academic offices and faculty-designated apartments. The new building is targeting the U.S. Green Building Council standards for LEED Gold Certification.

RAMSA designed Claremont Hall in collaboration with UTS to integrate with the broader campus and surrounding neighborhood. The Collegiate Gothic architectural style of the tower takes cues from the Gothic Revival character of UTS, with a more literal use of stonework at the base that seamlessly connects the entry facade with the surrounding historic campus buildings. A painterly mix of contrasting bricks and custom precast panels on the exterior allows Claremont Hall to seamlessly integrate with the visual texture of its surroundings. Select residences are similarly envisioned to inspire with bold details such as bay windows and terraces.

The plans to develop Claremont Hall resulted in a partnership between the development team and the Morningside Heights Community Coalition (MHCC), a leading neighborhood advocacy and community development organization based in Northern Manhattan, to establish the Morningside Heights Community Fund (MHCF). To date, $425,000 in grants have been distributed to 29 local organizations through the MHCF, which consists of funds deposited by Lendlease, LMXD and Daiwa House Inc., under a joint community investment agreement with UTS, as well as a donation from the Jewish Theological Seminary (JTS).

In the US, Lendlease’s development business brings over 60 years of global experience to bear in urbanization, communities and infrastructure development. Leveraging our placemaking expertise and integrated business model, we are committed to delivering transformational urbanization projects and investments in gateway cities that generate social, environmental and economic value.


The complete offering terms are in an offering plan available from Sponsor. File No. CD-20-0302. Sponsor: Broadway Community Owner LLC, c/o Lendlease, 200 Park Avenue, 9th Floor, New York, NY 10166. Equal Housing Opportunity.

About Lendlease

Lendlease www.lendlease.com is a globally integrated real estate group with operations in Australia, Asia, Europe and the United States. We create places where communities thrive. Headquartered in Sydney, Australia and listed on the Australian Securities Exchange (ASX:LLC), Lendlease has approximately 7,600 employees globally. Our core capabilities are reflected in our operating segments of Investments, Development and Construction. The combination of these three segments provides us with a sustainable competitive advantage in delivering innovative integrated solutions for our customers.

About LMXD

LMXD, an affiliated development and investment company of L+M Development Partners, is responsible for building mixed-use communities in the Northeast and around the country. LMXD has a double bottom line philosophy, which means we measure success not only in financial returns but also by the positive impacts we make in the communities we serve. Founded in 1984, L+M is a full-service real estate development firm which develops, invests, constructs, and manages properties with industry-leading innovation.

Together, L+M and LMXD are responsible for over $10 billion in development and investment and have acquired, built, or preserved nearly 40,000 high-quality residential units in a variety of urban markets nationwide, primarily in New York’s tristate area. Having developed the groundbreaking Essex Crossing on Manhattan’s Lower East Side, the LMXD team continues to set a new standard in mixed-income development. Our projects provide homes for much-loved institutions such as the National Black Theater, International Center for Photography, the New Jersey Performing Arts Center, Newark Museum, and many others. LMXD’s integrated team, civic spirit and track record make us a valued development partner for institutions looking to grow.

About Daiwa House

From its humble beginnings in the early 1950s creating small, affordable prefabricated housing to its status now as the largest single-family homebuilder in Japan, the Daiwa House Group continues to make strides in the United States by fulfilling its corporate mission of effective leadership, innovation and environmentalism through its wholly owned subsidiary: Daiwa House Texas Inc. Founded in 2011, the firm has already established a reputation for quality and excellence by developing premiere multifamily properties in most major metro areas across the country and, after the acquisition of Stanley Martin in 2017, Trumark Companies in 2020 and CastleRock Communities in 2021, construction of scores of robust single-family homes throughout the Texas, East and West Coasts. In the coming decades, Daiwa House Group and Daiwa House Texas Inc. look forward to continuing their goal of partnering with developers to provide Americans with superior places to live.

Source link:https://www.lendlease.com/

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