Tag: Luxury

Off to the Races: 2016 Horse Racing Season Guide

Off to the Races: 2016 Horse Racing Season Guide Kentucky Derby - Photo: iStockphoto/ Jill Lang

Ready, set, hats!

May marks the beginning of horse racing season, and its attendant mint juleps and mojitos, bright sundresses, and huge statement hats. To prepare you for high racing season, my team and I have put together a primer of the most important races, what’s at stake at each this season, and how to answer the most pressing question – what to wear?

Kick back with a mint julep and our guide to this season’s quintessential races.

Races to Watch

May 6 and 7, Kentucky Derby:

Held in Louisville, Kentucky on the first Saturday of May every year, the Kentucky Derby kicks off horse racing season. Held at the famous Churchill Downs, the competition is between three-year-old thoroughbreds, who battle it out on the racetrack for one and a quarter miles. The Kentucky Derby is the first of three key American horse racing events that, together with the Preakness Stakes and the Belmont Stakes comprise the “Triple Crown” of thoroughbred racing.

The race’s marquee social event is the star-studded, black tie Barnstable Brown Gala, held the night before the races every year in the jaw-dropping mansion of local social doyenne Patricia Barnstable Brown. It is one of the highlights of the Southern social scene, and a perfect occasion to break out your best Oscar, Carolina, or Miuccia. And once you’re at the races the next day, you’ll need a drink. If you’re feeling lucky with your bets, there’s no better way to toast to your luck than with Woodford Reserve’s $1,000 mint julep, which has been sold in a custom-designed commemorative cups at the Derby for the past ten years.

May 14, Iroquois Steeplechase: 

Hot on the Derby’s heels is the Iroquois Steeplechase, held near Nashville, Tennessee. Steeplechase has been held on the same course since 1941, and has been a fixture in Southern social calendars for just as long. The best views are from the “Tents in the Turn”– luxe, tented affairs with prime panoramas onto the track, and from the Skybox Suites, which are wood-paneled, climate controlled, and full of the crème de la crème of Southern society.

The hottest ticket in town is the Steeplechase-eve gala at the gorgeous and historic Belle Meade Planation. The soirée is invitation-only, but if you have a proper Southern belle on speed dial, you can bet she’ll have an in. You’ll have plenty of time to meet fellow race-goers in the preceding weeks, when all of Nashville congregates at the booming city’s best boutiques, including Reese Witherspoon’s new Draper James.

June 14 to 18, Royal Ascot:

For those looking to hop the pond for a mid-summer European escape, Royal Ascot is a must-go event on the British social calendar. Ascot is over 300 years old, and hats are required. The Royal Enclosure is the place to be, where Her Majesty Queen Elizabeth, along with the Duke and Duchess of Cambridge, watch the race each year. Race-goers imbibe over 50,000 bottles of champagne each year and nosh on 2,900 lobsters and 50,000 macaroons. Four hundred helicopters and 1,000 limousines ferry Ascot-goers to and from London and beyond.

What to Wear

Races have a very particular dress code, of course. For the ladies, statement hats or fascinators are the most essential piece of any outfit. While you could always head to Barney’s or Saks to find your perfect topper, some designers have taken to making extraordinary hats particularly for the occasion.

The Royal Ascot collection is designed in collaboration with eight of the United Kingdom’s most fabulous milliners, many of whom have been of service to the Royal Family. (We think the fascinator would be a particularly good choice to pair with your L.K. Bennetts, in a nod to the Duchess of Cambridge.)

Top American milliners include Maggie Mae Designs and Gina Conti. There are ostrich plumes and hand-pleated Parisian ribbon aplenty, custom orders are not uncommon, and the most important rule of all is that the same hat can never be worn twice.

As for the rest of your outfit, ladies should opt for a bright shift dress paired with Louboutin wedges and ropes of pearls– a classic, understated look that lets the hat shine! For gentlemen, a Brooks Brothers seersucker suit was practically made for Derby Day. Smarten up your suit with a bowtie, a pair of horse bit loafers (worn sockless, of course), and a fedora or bowler hat for a distinguished, dapper look.

And now, we’re off to the races!

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New York Luxury Real Estate Update | From “Versailles” to Jeff Koons’ New Studio

New York Luxury Real Estate Update |  From “Versailles” to Jeff Koons’ New Studio The High Line District has transformed in 1 year | Photo from Sept 28, 2014 by Tony Sargent

As all New Yorkers know, if you’re not moving forward, you’re behind, and real estate is no exception. Summer saw some of the island’s most influential denizens make real estate moves and news in keeping with the city’s exhilarating pace.

Some noted developments:

Alert to all aspiring Upper East Side trophy property holders and investors: there was a drop in the asking price for the “Versailles in Manhattan” and the listing moved over to Compass. Kenneth D. Laub’s spectacular East 64th Street townhome, dubbed “Versailles in Manhattan” for its rococo Louis XIV layout and interiors can now be yours for a cool $25 million. Over on Fifth Avenue Read more…

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Joseph Dirand Shares His Design and Architecture Secrets With Shaun Osher

In 2014, award-winning Parisian architect sat down with CORE’s CEO, Shaun Osher to share his inspirations and secrets and which infuse his created spaces with innovative qualities that are a unique expression of his vision relative to each project’s location and also express his own cultural roots.

I’m consistently inspired by CORE’s ability to teams up with the best in architecture, design, development and staging to bring the best marketing and fresh approach to each of our clients’ properties and projects. For more information on how my team and CORE would bring our custom bespoke marketing model to best serve your real estate needs, contact me at Tsargent@corenyc.com or via the contact form above.

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Luxury Real Estate Report: The Sargent Report – Spring 2015

Luxury Real Estate Report: The Sargent Report – Spring 2015

Tony Sargent has released an e-version of his Luxury Real Estate newsletter The Sargent Report – Spring 2015. The current issue features 2015 New York market predictions and other articles: Luxury New Development Update, International Snapshot, Digital 3.0 – Tech & Real Estate, and more.

As the world’s local agent, Tony Sargent provides his unique perspective and insight on Manhattan’s luxury market, as well as globally connected world-cities. A local expert, Tony has developed a private global network of top brokers with whom he shares clients and market knowledge to his clients’ benefit. Tony is tapped to speak at Industry events such as Inman Connect and RE/MAX’s European Annual Convention as well as many others and was recently invited to be a regular author/contributor to the highly acclaimed real estate industry news-site, Inman News recently.

To read the full four-page issue of The Sargent Report as a PDF, click here or on the Report in the right column. For a mobile-friendly Flip-book version, click here.

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Fox Business Asks Jonathan Miller, Are There Too Many Luxury Apartments in Manhattan?

Last month, Fox Business’ Deirdre Bolton interviewed Manhattan’s #1 go to person for clear and unfiltered real estate data, Jonathan Miller, President and CEO of Miller Samuel, Inc. a top appraisal and consulting firm. The questions on everyone’s lips today: Are developers building too many luxury homes and super-luxury condominiums in New York? Is there enough demand to meet the supply, and why have we not seen any significant new construction that serves the $3,000,000 or under market in Manhattan for years?

Jonathan does a fantastic job of answering these questions in this video. For a high net worth client considering a new development I recently completed a study of same unit re-sales in some of Manhattan’s top buildings built since 2006. Which buildings saw huge equity growth and which saw little, surprised me. I will share more on that in a future post.

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432 Park Avenue Tops Out | The Tallest Building* in the Western Hemisphere

The uber luxury condominium being developed in New York, 432 Park Avenue, topped out Friday at 1,396 feet high making it the tallest residential building in the Western Hemisphere. If you don’t include the 400+ foot high antenna on top of One World Trade Center, then the top floor is actually 28 feet higher* than One World Trade delivering breathtaking views to its future residents. For the high net worth individual, owning one of these amazing homes with its promised luxurious finishes and views will set you back $17 to $80+ Million. Preview these incredible views – watch the video (below).

Historically, New York’s former top condominium buildings like Time Warner and 15 Central Park West delivered immense investment returns when first owners re-sold their homes. Looking for views and financial security? 432 Park stands out in the luxury home market for its iconic height and world renown location on Park Avenue. 

Sales and Marketing: Courtesy by Douglas Elliman Development Marketing and Macklowe Properties

My Disclosure

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New York’s Fall Real Estate Luxury Market Starts Strong

New York’s Fall Real Estate Luxury Market Starts Strong Downtown Manhattan as seen from the Empire State Building - Photo by Tony Sargent (C) 2014

The Manhattan real estate market is picking up again in the luxury sector. While there was a slight lull in the summer between mid-June and July by August properties that had been on the market for a month or two started going to contract.  While I was in in San Francisco in July at Inman Connect’s real estate conference speaking on a luxury panel, I heard that the mid-luxury levels in San Francisco and Los Angeles had also been slow for a month or more. Was the market turning?

Traditionally the Fall market in New York is our secondary market – Buyers who did not have a chance to secure a property in the robust spring market re-enter market again in the Fall after a summer off.

I believe the Fall market started early this year – in August. The intense seller’s market for the first six months of the year lead to a slower June and July because of buyer fatigue. Added to that, listing inventory while having climbed somewhat in the 2nd quarter of 2014 over the 1st quarter was still well below the 5-year averages making it more challenging for buyers to find the properties they hoped for – rather than continuing a seemingly futile effort they stopped. (Read Streeteasy’s July Condo Report here)

As a result, in my view the level of pent-up demand is still extremely high. The buyers who are willing to step up and make a quick decision and not sweat the small stuff with regards to negotiations will buy properties this fall. Those buyers who are choosy and question every aspect of the deal or contract will be a disadvantage in negotiations.

For the buyers who’ve decided to stay put in their current homes until ‘the right one’ shows up some will (like many before them) choose instead to stay put and to invest in a country or Hamptons home to provide the escape from Manhattan.

What I’m seeing in the first two weeks of September is that the mid to high-end luxury market is very strong and contracts are getting signed on new properties and those which had seen showings but no contracts. Listings that I have been following as well as new developments also reported signed contracts in the first 19 days of September. For me August was very busy with properties that went to contract including 30 Bond, Penthouse and 200 Eleventh Avenue after multiple bids.

In the luxury development market new properties have started to be announced for the fall market. The face of New York’s residential real estate is changing, as is the design and height limits. With super tall sky-scrapers coming to the city, it will be interesting to see what the future holds for the world’s global elite in terms of luxury offerings in the future. It’s an exciting period in residential design.

 

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