Page 6 - CooperatorNews March 2022

6 COOPERATORNEWS —
MARCH 2022
COOPERATORNEWS.COM
PULSE
Industry Pulse
Events
Save the Date! CooperatorEvents Expo
Returns to the Hilton This Spring
CooperatorEvents is thrilled to an-
nounce the return of our in-person Expo
at the New York Hilton Midtown on
Wednesday, May 11, 2022, from 9:00 a.m.
to 4:30 p.m. We have an exciting lineup
of exhibitors eager to interact in person,
covering every aspect of multifamily liv-
ing—from board governance, financial
planning, and community engagement
to roof repair, energy management, and
lawncare. Like our past in-person Ex-
pos, the CooperatorEvents New York
Spring Expo 2022 will include a full day
of free workshops, seminars, network-
ing, and more. And as always, registra-
tion and attendance are FREE to all! Visit
www.coopexpo.com
to see who’s exhib-
iting, get more information, and register
as an exhibitor or an attendee. This will
be a must-attend event for all condo, co-
op, and HOA board members, property
managers, residents, and real estate pro-
fessionals in the Empire State! We look
forward to seeing you there!
CooperatorEvents Hosts Solar Webinar
CooperatorEvents invites you to
‘Zoom in’ to our webinar, “Making Solar
Work for Your Building—Cost Savings,
Economic Incentives, Local Law Compli-
ance, & Cleaner, Greener Energy,” spon-
sored by Best Energy Power. The Zoom
event will take place on Tuesday, March
15, 2022 at 11:00 a.m.
Many co-op and condo boards are
exploring solar as a potential source of
energy for their buildings. This enlight-
ening conversation will explain how
solar works, break down the costs in-
volved—as well as incentive and subsidy
programs and financing options—and
decode the ROI equation for boards and
residents to help your building save on
operating costs. Importantly, it will also
explain the new Local Laws 92, 94, and
97, which require buildings over 25,000
square feet to have solar on the roof, and
how the laws apply to co-ops and condos.
This conversation will address any con-
cerns you may have for going green by
going solar.
For more information or to register,
visit us at www.cooperatornews.com/
events.
Appointments and
Transitions
FirstService Residential Appoints New
VP for New Development Division
A press release from property man-
agement firm FirstService Residential
announces the promotion of Jeffrey
Poirot to vice president of the company’s
New Development Consulting and Prop-
erty Management Division.
In his new role, Poirot uses his lead-
ership, strategic planning, and analytical
expertise to establish efficient property
operations in complex, mixed-use resi-
dential buildings that include luxury ho-
tel and retail components. He currently
oversees the property management teams
at Baccarat Residences, The Beekman
Hotel and Residences, The Plaza Hotel
and Residences, 53 West 53rd Street, and
432 Park Avenue, notes the release, add-
ing that Poirot and members of the New
Development Group collaborate with the
development, architectural, amenities,
construction, legal, and sales teams of
both ground-up and conversion proper-
ties throughout the entire project life-
cycle.
The company reports that Poirot cur-
rently provides pre-development con-
sulting services for One Wall Street—the
largest office-to-condominium conver-
sion in New York City history, which will
include more than 500 condominium
units and 170,000 square feet of retail
space. He previously consulted on the
condominium conversion of The Parker
Hotel and the rebirth of the Waldorf As-
toria.
Poirot comes to his new position with
more than 20 years of experience in
luxury property management, sales, and
owner relations, says the release, includ-
ing senior executive and sales positions
at several of New York City’s most luxuri-
ous hotel residences. He earned a degree
in Hotel, Restaurant, and Institutional
Management from Pennsylvania State
University.
Development
NOVA Condo in Queens Tops Out
As reported in local outlets
New York
YIMBY
and
QNS.com
, construction has
topped out on NOVA, SB Development
Group’s 24-story condominium tower at
41-05 29th Street in Long Island City,
Queens. Sales for the 86 units were ex-
pected to launch in late January, but the
exact date was yet to be determined at the
time of this writing.
The condos, which range from studios
to three-bedroom layouts, will be atop
a ground-floor retail space. The notable
wedge-shaped design of the building, by
New York-based Fogarty Finger, limits
each floor to five units.
According to
New York YIMBY
, the
ground floor features floor-to-ceiling
windows, with a typical punched window
system beginning on the second floor.
The top floor will feature an open-air
roof deck and indoor lounge with pan-
oramic views of the Long Island City sky-
line. Additional amenities will include a
library with an attached terrace, a fitness
center, a children’s lounge, pet grooming
areas, and bike storage.
QNS.com
notes that along with the
sales launch date, pricing for the units
has not yet been announced; what is
known is that Modern Spaces, a real es-
tate agency based in Long Island City,
will handle the sales exclusively.
City Realty projects prices to start at
$600,000 for studios, $760,000 for one-
bedrooms, and $1.5 million for two-bed-
rooms, says
QNS.com
. No word on the
coveted three-bedroom layout pricing.
Front & York Secures Three More
Commercial Leases
The developers of DUMBO mixed-
use condo tower Front & York inform us
that they will be welcoming three more
commercial establishments to the retail
portion of their property.
In addition to the Devoción café and
Life Time fitness center scheduled to
open later this year, Front & York resi-
dents and their neighbors will also have
a new, two-level CVS, a Lazy Sundaes
bubble tea shop, and a bilingual French-
English daycare and preschool called Pe-
tits Poussins DUMBO.
Jason Schreiber, Principal, Invest-
ments of CIM Group, co-developer of
the project, says in a statement about
the leases, “Front & York is a residential
development of the highest caliber and
we are proud to partner with retailers
that will similarly provide a best-in-class
lifestyle experience in DUMBO. The ad-
dition of CVS, Lazy Sundaes, and Petits
Poussins, coupled with Life Time and
Devoción, will complement the full-ser-
vice lifestyle offered at Front & York and
help strengthen the dynamic retail col-
lection in the neighborhood.”
The three new retailers are slated to
open by the end of the year.
continued on page 18
YOU’LL LEARN SO MUCH
YOUR HEAD COULD EXPLODE.
(Our lawyers said we had to warn you.)
NEW YORK HILTON MIDTOWN — WEDNESDAY, MAY 11, 9:00–4:30
FREE REGISTRATION: COOPEXPO.COM