strawberry, cucumber, simple syrup and Sauvignon Blanc; and the New YorkͲinspired “Broadway
Martini” with vodka, St. Germain and white cranberry. The bar will also serve beer, wine, coffee,
and tea, and will occasionally feature live music.
NYLO New York City has a quintessential Upper West Side home: over 100 years old, the
building was originally called The Wellsmore and was considered one of the neighborhood’s
most soughtͲafter apartment buildings. The Stonehill & Taylor team sought to create an
authentic feel by incorporating historic details uncovered during the building’s renovation—
including the fireplace in the library and a ceiling pattern from the original residential units.
Inspired by interior design trends of the 1920’s, especially in bars and clubs, the designers used
heavily carved wood paneling, eclectic seating like heavily tufted chesterfieldͲstyle sofas and
metal finishes. Yellow accents are a nod to the popular color in ladies’ fashion from the period.
The reception area is inspired by local historic apothecaries, with shelving, artifacts and other
elements reminiscent of that era of highly personalized service. A reception desk made of red
lacquer recalls a chest of drawers that pharmacies at the time used to store materials. An ornate
elevator structure from a 1920’s French apartment building has been transformed into the ADA
lift at the reception, turning this typically technicalͲlooking element into a thing of beauty
encountered as soon as one enters the lobby.
“The design is defined by the seamless merging of the elegant and the industrial which, to us,
represents New York,” added Suomi.
The building’s industrial core is presented in lobby details such as concrete floors, exposed
ceiling beams, exposed brick, a metal wall and chickenͲwire glass at the top of the bar. The
fireplace, handͲknotted area rugs, wood walls and shelves and punches of bright red in the
piano and the reception desk soften these industrial details.
About NYLO Hotels
NYLO Hotels offer a unique alternative for travelers seeking a reprieve from the traditional,
uninspiring hotel experience. NYLO Hotels combine the dynamic qualities of urban loftͲstyle
living with bestͲinͲindustry services and amenities in a boutique hotel setting. A NYLO stay is a
lifestyle experience in a highly social atmosphere rich in design, art, music, energy and comfort.
NYLO Hotels’ contemporary custom furniture and fixtures provide a comfortable, residential feel;
and destination bars and restaurants blend an urban ambiance with the local market for a
unique experience. NYLO caters to both business and leisure travelers who seek an energized,
fun and comfortable lodging option that offers a substitute to the bland, oneͲsizeͲfitsͲall
experience typically found in many hotels. For reservations and more information, visit
About Stonehill & Taylor
Stonehill & Taylor is an architecture and interior design firm based in New York City. With
primary specialization in hospitality, healthcare, research and academic institutions, the firm
uses a collaborative approach to produce unique design stories. Stonehill & Taylor was ranked
2012's top NY design firm in the hospitality sector by ENR. Firm’s successful projects range from
interior design to architecture, new building construction, historic preservation and renovations,
including: The Refinery Hotel, The Paramount, The Crosby Street Hotel, The NoMad Hotel, Hyatt
Regency Minneapolis, The Ace Hotel, The President Hotel and the new Hyatt House brand.
Stonehill & Taylor renderings
NYLO Hotels Unveils Details of Lobby Area and LOCL Bar
at Upcoming NYLO New York City
DALLAS, TEXAS (April 16, 2013) – Upon its official opening this summer, NYLO New York City—
the first branded boutique hotel on Manhattan’s Upper West Side—will be home to LOCL Bar Ͳ
the newest, highly social bar concept by NYLO Hotels. The hotel lobby and bar are currently
undergoing a full expansion and renovation that blend centuryͲold details with NYLO Hotels’
signature industrialͲmeetsͲelegant aesthetic.
Design firm Stonehill & Taylor worked with NYLO to reͲimagine the property, including moving
the building’s entrance, expanding the size of the public spaces and creating areas ideal for
drinking, lounging, socializing and working. (The project also includes a complete renovation of
the property’s 285 guest rooms, details of which NYLO announced earlier this year.)
“We took our cues for the design of the lobbyͲlevel areas from the energy, colors and fashions
of New York's Jazz Era, and the music clubs and speakeasies prevalent around the hotel and in
Harlem at that time,” said Michael Suomi, principal and VP of interior design at Stonehill &
Taylor. “We wanted to bring the dynamism and elegance of that era by creating an entertaining
space that’s welcoming to both locals and outͲofͲtowners.”
LOCL Bar will be anchored by a central rectangular zinc bar surrounded by four distinct seating
areas at varying levels, each loosely partitioned to offer a different experience. The piano lounge
is the place to be entertained; the library is the place to plug in, work and hang out; the main
bar is the place to meet and drink; and the sidewalk café, accessible thru a large glass garage
door, is the place to enjoy a sunny afternoon. The bar’s central location allows direct bar access
and seating on all sides, including window service directly to the sidewalk café and direct service
to the elevated piano lounge.
LOCL Bar will be open throughout the day and evening and will serve as a living room and
meeting place for guests and locals to work, relax, drink and socialize. The bar will serve a
selection of signature cocktails, including “The Rum Runner” with spiced rum, St. Germain,
Homes In The 100 Most
Expensive ZIP Codes
Morgan Brennan, Forbes Staff
I write about real estate markets, outrageous homes and cities.
10/16/2012 @ 12:00PM |67,330 views
Manhattan's Now Home To
America's Most Expensive
1. 10065, New York, NY
Median Home Price: $6,534,430
Average Days On Market: 449
Number Of Homes On The Market: 80
The most expensive home listed for sale in Manhattan’s 10065 ZIP code hasn’t even been
built yet. On a vacant lot at 34 East 62nd Street, developer Janna Bullock is planning to build
a six-level Modernist limestone townhouse designed by architect Preston Phillips. It will have
a subterranean indoor pool, a glass-enclosed elevator and a waterfall-bedecked private
courtyard — a townhouse with “no comparables,” according to the $40 million listing. Except
there are, and lots at that.
The pricey blueprint joins about two-dozen eight-figure single-family mansions that dot the
tree-lined streets of this Upper East Side ZIP code, including an over-the-top man cave
created by billionaire Alexander Rovt that’s on the market for $21 million. The area, which
runs east from Central Park past ritzy Park Avenue apartment houses to the East River, and
north from 60th Street to 69th, is home to such plutocrats as David Rockefeller, Rupert
Murdoch, Ronald Perelman, Robert Bass and Sumner Redstone. Add more than 50 condo
units with price tags running to seven figures or higher, and the median asking price for
homes in 10065 is $6.5 million. All those “comparables” land the Upper East Side enclave in
the top spot on Forbes’ annual list of the Most Expensive ZIP Codes.
This is the first time that a Big Apple neighborhood has topped our list. It pushed 2011’s
priciest ZIP code, Alpine, N.J., 07620, to No. 2, followed in third place by another usual
suspect: Atherton, Calif., 94027.
Alpine is a discreet New York City suburb where the median home price is $5.75 million,
street addresses are regularly scrambled on GPS and residents include celebrities like Stevie
Wonder and Sean “Diddy” Combs. Atherton, a tony town in Silicon Valley, boasts a roster of
billionaires including Eric Schmidt, Charles Schwab and Meg Whitman, who help sustain a
median home price of $4.9 million.
We compiled our list with the help of Altos Research, a Mountainv View, Calif.-based company
that tracks housing data. It pulled pricing information for more than 22,000 ZIP codes across
the U.S. for June 28 to Sept. 28, drilling down to the 500 most expensive. Altos calculated
the median asking price for single-family homes and condominiums, weighting the price
based on the mix of local property types. We did not include co-ops (which may have pushed
some of the fancier ZIP codes near Central Park in Manhattan lower on our list).
Altos limited the search to ZIP codes where 10 or more residences were listed for sale,
including short sales and bank-owned foreclosures on the market. Homes bundled into REO
bulk sales were excluded. To smooth out any wrinkles caused by a week’s unusual activity
(like, say, an expensive home coming to market in an area where luxury properties are rare),
Altos used a rolling average for the 90-day period.
Since our list is based on asking prices rather than tax assessments, it may not be completely
representative of the communities featured — for example, neighborhoods that have become
swanky in the past few decades could contain pockets of longtime residents in more modest
homes. Rather, our list is a snapshot of each market’s current activity. “If you enter these
markets as a buyer today, this is what you would experience,” says Michael Simonsen, chief
executive of Altos Research, “and if you are going to sell, this is your competition.”
In some cases a ZIP may appear more than once on our list if it’s shared by two or more
towns. For example, Los Altos Hills (No. 7) and Los Altos (No. 63) share 94022.
The main factor driving listing prices in America’s most expensive ZIP codes this year is a
lack of inventory. “In general, across the board inventory is down by a third,” says Simonsen.
In Northern California markets, levels are down even more dramatically.
In Manhattan, lower inventory levels helped four ZIP codes crack the top 10, while 19 in total
made the list. Hip downtown ‘hoods — where the market is limited in large part to premium
loft space and townhouses — clocked exceptionally high prices for the second year in a row.
The celebrity-studded West Village 10014 ZIP code ranked sixth, TriBeCa 10013 was 14th,
and SoHo, 24th.
Uptown around Central Park, a flurry of record-breaking sales, including an $88 million
apartment at 15 Central Park West and $90 million-plus pending sales at up-and-coming
skyscraper One57, have brought a flood of would-be trophy properties to market (including
four apartments listed at $95 million-plus). Eight park-hugging ZIP codes made our list.
“Manhattan’s market is frothy right now,” says Dolly Lenz, vice chairman of Prudential
Douglas Elliman Real Estate. Since the last week of September, she has personally closed
more than $120 million in sales around the borough. Interestingly, only one of those buyers
was an American.
Wealthy foreign buyers looking to make safe-haven investments have helped to elevate
prices in many of America’s most expensive ZIP codes; a booming U.S. technology sector and
renewed interest in vacation homes have been strong contributing factors as well.
“Many of the world’s new wealthy are looking for places to park their money and despite the
economic uncertainty, the pattern is to buy and hold property in the U.S.,” says Jonathan
Miller, chief executive of Miller Samuel, a New York-based appraisal firm. Foreign buyers have
been active in Washington, D.C., Los Angeles, Seattle and Los Angeles – all well-represented
on our list. Foreigners have been a particularly notable force in rebounding Florida, where 26
ZIP codes crack our list.
In South Florida, buyers from Europe, South America and Russia looking for pied-a-terres
have fueled a robust resurgence in condo prices. The trend also pushed Florida’s Coral
Gables’ 33156 into the 15th spot on our list, up 108 spots from last year. The median asking
price in Gables Estates, the posh waterfront community bordering Miami that comprises
33156, is $3.48 million. Nearby Coral Gables 33143 ranks 34th, and Fisher Island 33109
“The Miami market is the hottest we have ever seen it — hotter than 2005,” says Jill Eber of
The Jills team at Coldwell Banker Previews International. Her broker team has closed more
than $320 million in sales since the start of 2012; in 2005, the peak of the Miami housing
bubble, the team closed $280 million for the entire year.
Meanwhile, a booming tech sector has enriched financiers and entrepreneurs. Silicon Valley
accounts for three of the top 10 ZIP codes, including Atherton, Hillsborough 94010 (No. 5),
and Los Altos Hills 94022 (No. 7). Inventory is drastically down in all four and listing prices
“The Bay Area has had some of the fastest job growth in the country, but there are also a lot
of strong limitations on new housing,” says Jed Kolko, chief economist at Trulia.com, a San
Francisco, Calif.-based home listing site. “When you have that combination, it pushes up
prices. The vacancy rate is lower than anywhere else in the country.”
Across the U.S. in the capital area, a blossoming tech industry, coupled with strong
government spending and a growing international buying pool, helped place four Washington,
D.C. ZIPs on our list along with 30 in the surrounding suburbs in Maryland and Virginia. In
D.C.’s most expensive, 20008 (No. 48), the median listing price jumped 116%. “It’s a very
stable population and there is a tremendous international contingent,” says Miller.
The market for vacation homes has rebounded in the most sought-after areas. In Colorado,
81611 (No. 13), where billionaire John Paulson spent $49 million on the Hala Ranch, heads a
collection of pricey Aspen-area enclaves. In Hawaii, the growing wealth of tech titans is
trickling into vacation home-heavy ZIP codes in Kauai and Maui. On the East Coast, Long
Island’s Hamptons is heating up, even as the weather begins to cool. Sagaponack, the
Southampton village where billionaire Ira Rennert, Goldman Sachs chief Lloyd Blankein and
musician Billy Joel own homes, ranks fourth on our list, cracking the top five for the second
year in a row.
More On Forbes:
Full List: America’s 100 Most Expensive ZIP Codes
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