SOURCE: HFZ Capital Group

June 27, 2013 15:00 ET

Halcyon Condominium to Launch Sales in July

S. Russell Groves Designs Interiors & Over 10,000 sq. ft. of Amenity Space

NEW YORK, NY--(Marketwired - Jun 27, 2013) - Corcoran Sunshine Marketing Group announced that sales will launch in July for Halcyon (www.HalcyonNY.com), a 32-story residential condominium under development by HFZ Capital Group and its equity partner, CIM Group, at 305 East 51st Street in the heart of Midtown Manhattan. The off-site Sales & Design Center is situated nearby on the 27th floor of 885 Third Avenue (The Lipstick Building).

Halcyon will feature 123 one to four bedroom luxury condominium residences, including two duplex penthouses with large private terraces, and over 10,000 sq. ft. of outstanding amenities. Initial pricing will range from approximately $1.3 million to above $10 million. Residences will feature 10 ft. ceilings, oak wood flooring, double-paned energy efficient windows, top-of-the-line kitchen appliances, and sleek spa-like master bathrooms with honed marble and brushed bronze fixtures.

"As the name Halcyon suggests, the intent of the building's design was to provide an oasis of calm in Midtown," said Ziel Feldman, Founder and Managing Principal of HFZ Capital Group, the New York City-based luxury real estate and investment company. "The building's striking architectural profile, handsome interiors, and extensive array of amenities will set a new standard of luxury in the neighborhood," he added.

The award-winning New York architect and interior designer S. Russell Groves, whose work has been published in Architectural Digest and ELLE DECOR, designed the interiors of both the residences and the amenity spaces. Groves is well known for creating elegant residences, stylish restaurants, and flagships for Armani, Coach, and Tiffany.

In line with his firm's fresh, modern aesthetic, Groves planned a world of casual glamour at Halcyon by using sophisticated materials and luxurious finishes such as walnut paneling, travertine flooring, and brushed bronze accents punctuated with bright colorful details. "Our intention was to create a sense of coming home to a self-contained world of luxury, peacefulness and relaxation -- a veritable counterpoint to the bustle of city life," Groves noted.

Halcyon's exceptional amenities will be elevated over Midtown Manhattan, with floor-to-ceiling windows offering panoramic city views. The facilities, exclusively for Halcyon residents, are located on the 21st and 22nd floors, and will include a 50 ft. indoor swimming pool, a health and fitness center with a Movement Studio with state-of-the-art equipment, a cedar-lined sauna, an Aqua Spa inspired by a Turkish hammam, and a spa treatment room. Residents will be able to entertain their guests in The Sky Lounge which has its own catering facilities. Additional amenities located on the 2nd floor will include a library, children's playroom, golf room, and residential lounge with a landscaped terrace and outdoor fire pit.

Designed by SLCE Architects, the glass and bronze window wall tower and limestone base of Halcyon creates a classically modern structure that blends harmoniously with the context of the neighborhood. According to SLCE Partner James S. Davidson, "The building will be a significant addition to the Second Avenue streetscape."

"We look forward to the commencement of sales at Halcyon," said Tricia Hayes Cole, Executive Managing Director of Corcoran Sunshine Marketing Group. "The world-class amenity package and high-quality design of the building is rarely found at this level in the Midtown area."

About HFZ Capital Group:
HFZ Capital Group is a Manhattan-based real estate investment and development firm with long standing experience in the luxury, residential condominium sector. Ziel Feldman, HFZ's Founder and Managing Principal, has championed the development of mixed-use luxury properties for over 25 years across a broad range of Manhattan neighborhoods with over 10,000 residential units bought, sold and developed. Today HFZ is managing or developing over 2.2 million square feet of Manhattan real estate. Halcyon is the most recent addition to HFZ's impressive portfolio which includes many other important addresses such as 11 East 68th Street and One Madison Park. The company has a stellar reputation for restoring and preserving historic buildings to their original grace and refinement, as well as ground up development that delivers architecturally significant properties through collaboration with renowned architects and designers. 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.

About S. Russell Groves:
S. Russell Groves' award-winning architecture and design firm has been published by Architectural Digest, ELLE DECOR, Interior Design, and numerous journals of design. The firm is noted for the residences it designs for high profile private clients including glamorous penthouses and apartments in many of the city's most luxurious buildings, and for its retail clients including Giorgio Armani, Coach, and Tiffany & Company. www.srussellgroves.com

About SLCE Architects:
Founded in New York City in 1941, SLCE Architects has a proud heritage of creating architecture in the world's most complex urban environments. SLCE provides a full range of architectural design and technical services with special expertise in large scale residential, hospitality, mixed-use, and commercial developments. www.slcearch.com

About Corcoran Sunshine Marketing Group:
With over 25 years of experience in marketing and collective sales in excess of $30 billion, Corcoran Sunshine Marketing Group is the recognized industry leader in the planning, design, marketing, and sale of luxury residential development. Representing properties throughout the United States and in select international locations, Corcoran Sunshine Marketing Group's portfolio contains a curated collection of the world's most desirable new addresses. www.corcoransunshine.com

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