Soho Mews: Townhouses designed by Hearst Magazines

Hearst Magazines, has partnered with developer United American Land LLC and Corcoran Sunshine Marketing Group to present the third annual “Designer Visions” program, a residential development initiative in New York City.

Hearst titles House Beautiful, Town&Country and Veranda will each design a townhouse at Soho Mews, a modern, elegant condominium designed by renowned architecture firm Gwathmey Siegel & Associates and located in Manhattan’s trendy Soho neighborhood.

This year, Designer Visions’ theme is “Cinema Style,” since great films, both current and classic, and their characters often inspire the world of interior design. The magazines and their respective designers have each chosen an iconic film which will be reflected in their residence’s décor as follows:

• Thom Filicia for House Beautiful – The Big Chill
• Richard Mishaan for Town&Country – Dinner at Eight
• John Saladino for Veranda – Girl with a Pearl Earring

Hearst Magazines will host an opening night event for Designer Visions: Cinema Style on October 13, followed by other events through the month of December. Opening a few weeks earlier will be the Esquire Apartment, a.k.a. the magazine’s “ultimate bachelor pad,” also located at Soho Mews. This marks the first time that Designer Visions and the Esquire Apartment, now in its seventh year, have each found a unique space within the same residence.

The townhouses range in size from 2,877 square-feet to 3,855 square-feet. Once unveiled, buyers will have the opportunity to purchase these signature living spaces.

This year, for the first time, Hearst Magazines has partnered with Fine Living Network (FLN) to produce a one-hour television special that will offer viewers nationwide a behind-the-scenes look at the three Designer Visions residences and the inspiration behind them. The special, hosted by FLN’s style expert Lloyd Boston, will premiere January 25, 2010, at 8pm ET.

Soho Mews comprises two condo buildings; one with an entrance on West Broadway and the second which fronts Wooster Street. They are connected by a 4,000 sq.-ft. garden designed by the award-winning Peter Walker & Partners Landscape Architecture, which was recently honored with the winning design for the World Trade Center Memorial, among other accolades.

The property features 59 lofts, 5 spacious townhouses and 4 wrap-around penthouses, all with 10-foot ceilings. The building’s ample amenities include concierge service provided by Luxury Attaché, in-building art information advisory service by Yvonne Force Villareal and Doreen Remen’s Art Production Fund, special shopping privileges, updates and other perks from Fort Street Studio, Moss and Centovini, as well as a state-of-the-art fitness center and 24-hour doorman and porter service.

Current available apartments for sale at Soho Mews range in price from $2,325,000 to $11,550,000. Current available apartments for rent at Soho Mews range from $7,000/month to $20,000/month.

For more information about sales and rentals at Soho Mews or any other Manhattan project please contact me at mhall@corcoran.com

First Time Home Buyer Tax Credit Expires Nov. 30th

The current $8000 tax credit for first time buyers will expire on November 30th 2009.

Some legislators and real estate industry associations are pushing for an extension. Many would like the credit increased to $15,000 and expanded to all buyers not just first time buyers. There is no saying what Congress will do when it returns from vacation next month.

The current $8000, tax credit for first time home buyers that earn less than $75,000 per year ($150,000 on a joint return).

• Individuals with incomes between $75,001 and 94,999 (single) or $150,001 and $169,999 (joint returns) are eligible for a partial tax credit.
• Individuals with incomes greater than $95,000 (single) or $170,000 (joint return) are not eligible for this tax credit.

In NYC a coop purchase can take up to 90 days from a contract signing to a closing. Now is the time to buy to receive the first-time buyer tax credit.

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Barbara Corcoran New Reality TV Show Shark Tank

The founder of The Corcoran Group real estate, Barbara Corcoran is the only female shark on Mark Burnett’s ( Survivor, The Apprentice) new reality TV show Shark Tank.

The show premiers this Sunday, August 9th, 9 p.m. on Channel 7 (ABC).

Each Shark Tank episode will give different ambitious entrepreneurs from across the country a chance to pitch their plans to already established moguls, with the goal of landing enough of a venture capital investment to move their idea forward.

Investors who will serves as the "sharks" are Internet securities mogul Robert Herjavec; infomercial expert Kevin Harrington; real estate tycoon Barbara Corcoran; Canadian investor Kevin O'Leary; and FUBU sportswear founder Daymond John.

Below is a sneak preview:

Courtesy of: Mitchell Hall, Associate Broker, The Corcoran Group