1214 Fifth Avenue Unveils Penthouse Collection

11/28/12

Luxury 53-Story Tower Building is 50% leased

Related Companies has put the finishing touches on 1214 Fifth Avenue by unveiling its penthouses.  Since opening this summer, the 53-story tower, located along Museum Mile, is now 50% leased and offers the extraordinary ability to rent an exceptional home with a Fifth Avenue address. With sweeping unobstructed panoramic views of Central Park and the Hudson River, as well as an unbeatable luxury amenity space, the five penthouses offer the opportunity to call Upper Carnegie Hill home.

"We are thrilled to offer these penthouse homes at 1214 Fifth Avenue," said Daria Salusbury, Senior Vice President and head of luxury leasing operations for Related Companies, the building's exclusive leasing agent and Management Company. "This building is already the epitome of luxury rental living, with the incomparable views, gracious amenities, superior services and iconic address, and now our penthouses will further enhance its appeal."

While three penthouses are duplexes offering private master suites on the second floor, all of the penthouses, which range in size from two-to-three bedrooms, boast gracious entryways leading to thoughtfully laid-out homes with proper dining and living spaces. Adding to their allure, the penthouses also feature floor-to-ceiling windows with radiant sunlight, high ceilings, open kitchens with breakfast islands, gourmet stainless steel appliances, solid walnut cabinetry, abundant closet space, as well as a Bosch washer/dryer in each apartment.

Beginning on the 20th floor, each resident has access to the recently unveiled amenity space, which features an entertainment lounge with a sitting area, billiards, a walnut paneled bar, and Venato Travertine hearth. To accommodate residents' entertaining needs, a kitchen and dining area offers direct access to the outdoor terrace. Adjacent to the entertainment lounge, 1214 Fifth Avenue's contemporary media room is outfitted with theater-style seating for large-screen high-definition surround-sound enjoyment. The building is smoke-free, pet-friendly, and is expected to achieve LEED Silver certification.

Also available is a private state-of-the-art health and fitness facility exclusively for all residents. The center occupies over 1,500 square feet, offers a heated, 60-foot indoor lap pool, a fitness lounge, and private locker and shower facilities for both men and women. Located off the lobby, there is a children's playroom full of toys, books and fun.

Related's acclaimed commitment to service is again evidenced at 1214 Fifth Avenue and encompasses every detail that makes a residence a home. Personal assistants, a 24-hour concierge, doorman and on-site valet are just the beginning. Residents will have a move-in coordinator to handle every last detail from choosing the best moving service to handling utility and technology set-up. Renters can utilize electronic payment to pay their rent online with either a credit card, earning valuable rewards, or through automatic bank withdrawal.  Residents will also have the very latest in technology offerings including Wi-Fi in all of the common areas, 200+ channel cable and/or satellite TV service (Verizon FIOS, Time Warner, RCN and DirecTV), cable modem service, ethernet, DSL and our newest option – wireless Web through Wi-Fi service.

1214 Fifth Avenue offers a variety of homes, ranging from alcove studios to three bedrooms, with prices starting at $2,995. Penthouses begin at $8,995.  For more information about 1214 Fifth Avenue, please visit 1214FifthAvenue.com or call 212-268-1214.

About Related Companies:
Related Companies is the most prominent privately-owned real estate firm in the United States. Formed 40 years ago, Related is a fully-integrated, highly diversified industry leader with experience in virtually every aspect of development, acquisitions, management, finance, marketing and sales.

Headquartered in New York City, Related has offices and major developments in Boston, Chicago, Los Angeles, Las Vegas, San Francisco and South Florida and boasts a team of approximately 2,000 professionals. The Company's existing portfolio of real estate assets, valued at over $15 billion, is made up of best-in-class mixed-use, residential, retail, office, trade show and affordable properties in premier high-barrier-to-entry markets. In 2006 Related acquired Equinox(R) Fitness Clubs, further expanding the company's capabilities into the health and fitness arena and enhancing the value of its properties by incorporating an exclusive, branded amenity into the lifestyle offering.

Over a decade ago, Related pioneered the concept of commissioning celebrated architects to design residential properties by selecting Robert A.M. Stern to plan his firm's first luxury condominium, The Chatham.  In the development of Time Warner Center, Related combined super-luxury residences, the Mandarin Oriental hotel and residences, Jazz at Lincoln Center, stylish retail and the city's finest collection of four-star restaurants, redefining sophisticated metropolitan living in New York and trademarking the term "Five Star Living."

The company has dramatically redefined the concept of metropolitan luxury by introducing 23 extraordinary residential rental properties in Boston, San Francisco, Los Angeles and New York City. With each new building, Related has been hailed for setting new standards of excellence in the luxury rental marketplace.  To ensure that every resident in every Related building enjoys the very finest services, unsurpassed amenities, and a luxury lifestyle without compromise, Related Companies takes great pride in managing every building it owns. Related owns and manages The Caledonia, One Carnegie Hill, Carnegie Park, MiMA, The Lyric, The Monterey, One Union Square South, Riverwalk Crossing, The Sagamore, The Sierra, The Strathmore, The Tate, Tribeca Green, Tribeca Park, Tribeca Tower, The Westminster and The Westport in New York City (and manages The Ventura and 89 Murray also in New York City), One Back Bay in Boston, Hikari and Sakura Crossing in Los Angeles and The Paramount in San Francisco.

Related is staunchly committed to sustainable design with over $6 billion in green development underway or completed. The firm developed one of the first green residential buildings in the nation, Tribeca Green in Battery Park City, New York and Chicago's first green residential building, 340 on the Park. Related recently developed a collection of new LEED-certified residential buildings, The Brompton, The Harrison, MiMA and Superior Ink in New York City, The Clarendon in Boston and The Century in Los Angeles, as well as several green mixed-use and retail projects. For more information about Related Companies please visit http://www.related.com.

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