GID Development Group Signs Cipriani At Three-Building Mega-Development
GID Development Group today announced that the Cipriani Family has signed a retail lease at Waterline Square, the three-tower condominium mega-development on the Upper West Side. On the heels of launching sales for Waterline Square, which was designed by world-renowned architects including Richard Meier & Partners Architects, Viñoly Architects, and Kohn Pedersen Fox Associates, the groundbreaking development will be home to the first-ever experiential food market by the Cipriani family.
“We are creating a dynamic food, beverage, and market destination, where Midtown meets the Upper West Side, with one of the world’s most established and recognized names in dining and hospitality,“ said James Linsley, President of GID Development Group. “Cipriani joining us as a retail partner for Waterline Square further signifies the important evolution of this waterfront neighborhood and will provide future residents and visitors with the ultimate lifestyle experience all in one place.”
The Cipriani family will develop 28,000 square feet of space for a large format culinary experience with multiple food and beverage establishments, featuring a market, restaurants, and fast casual outlets. Located within Two Waterline Square, the new Cipriani food hall will be designed by internationally acclaimed London-based interior designer Martin Brudnizki.
“Last year GID presented us with a partnership opportunity that is truly distinctive,” said Giuseppe Cipriani. “Our goal is to create a kitchen away from home for residents, as well as a world-class, interesting and fun destination for visitors. It is really exciting to be a part of GID’s innovative vision for this unique and vibrant residential neighborhood.”
Mitch Friedel of Newmark Knight Frank represented GID Development Group in the transaction. Barry Goodman of Newmark Knight Frank represented Cipriani in the transaction.
Encompassing nearly five acres along Riverside Boulevard between West 59th Street and West 61st Street, Waterline Square boasts direct access to the best green spaces, retail, restaurant, and cultural institutions that the city has to offer including, Lincoln Center for the Performing Arts, Hudson River Park, and Central Park.
GID Development Group, a national real estate organization, commissioned three of the world’s most celebrated and accomplished architects to design Waterline Square as an iconic collection of three luxury residential buildings on Manhattan’s last remaining waterfront development site. Located where Midtown meets the Upper West Side, One Waterline Square has been designed by Richard Meier and Partners Architects, Two Waterline Square by Kohn Pedersen Fox Associates and Three Waterline Square by Viñoly Architects. Waterline Square’s beautiful interiors have also been designed by a dream team of interior designers who have each brought a fresh, new aesthetic to the development that includes Champalimaud Design, Yabu Pushelberg and Groves & Co.
The glassy towers complement one another in their articulated facades, outdoor spaces, and faceted crowns, and collectively create a bold architectural statement set against the backdrop of the New York City skyline. Waterline Square features 263 luxury condominium residences that crown the three towers, ranging from 1-5 bedrooms that start on the 20th floor and above, and provide sweeping views of the Hudson River and Manhattan skyline. Waterline Square offers future residents the most extraordinary and comprehensive amenities package in New York City with more than 100,000 square feet of best-in-class sports, leisure, and lifestyle spaces, as well as a beautifully landscaped park spanning nearly 3 acres. The three luxury towers, unprecedented amenities and lush park at Waterline Square are all being constructed simultaneously, offering future residents a complete and cohesive neighborhood experience.
Corcoran Sunshine Marketing Group is the exclusive marketing and sales agent for Waterline Square, with occupancy slated to begin in 2018. To inquire about condominium sales, please contact the sales gallery at www.waterlinesquare.com.
About GID Development Group
GID Development Group creates sophisticated mixed-use projects and iconic residential developments in New York City and throughout the United States. GID is a privately held, globally diversified, and fully integrated real estate organization founded in 1960 that owns and manages a premier portfolio of existing properties and development projects valued at over $16 billion. With offices in New York City, Boston, San Francisco, Washington DC, Atlanta, Dallas, and Orange County, CA, the company employs over 650 real estate professionals and has divisions specializing in development, acquisitions, real estate funds, international real estate investing, hedge funds, portfolio and asset management, and property management. During its corporate history, GID has acquired or developed over 73,000 residential units and 16 million square feet of commercial space in 24 states and 3 continents.
About Cipriani
On May 13 1931, Giuseppe Cipriani Sr. opened Harry’s Bar on the first floor of an abandoned rope warehouse off a dead end in Piazza San Marco, Venice. At 50 square meters, it appeared to be a typical “cozy” Venetian restaurant, but with the careful attention to detail and perfectly proportioned furniture, glasses and cutlery Harry’s Bar was anything but typical. Unchanged since 1931 and now a National Landmark, its famously relaxed atmosphere, great food and warm service have catered to a very eclectic clientele that has included through the years Hollywood legends, royalty, artists and people from all over the world. It has been constantly imitated but never reproduced.
In the 86 years since and with three generations of family members leading the growth, Arrigo, Giuseppe and his sons Ignazio and Maggio, Cipriani has developed into an international hospitality brand, with restaurants, landmarked event spaces, luxury residential, hotels and clubs around the world including Venice, New York, Miami, Los Angeles, Abu Dhabi, Hong Kong, Monte Carlo, Ibiza, Mexico City, Dubai and Riyadh.
Their timeless values of love for service, lack of imposition, quality of products and luxury in simplicity are still valid today as they were in 1931.
