HFZ Capital marks construction milestone at Luxury Halcyon Condominium


HFZ Capital Group, a leading Manhattan-based real estate development and investment company, announced the completion of the amenity and public space at the Halcyon, its 123-unit, 32-story condominium tower located at 305 East 51st Street. The sophisticated Midtown East condominium, designed by well-respected architect S. Russell Groves, has been conceived to offer a robust amenities program that is appealing to a broad range of buyers.

HFZ Capital is recognized for its comprehensive, vertically integrated disciplines related to real estate investment, development and management. Its development team, under the leadership of the firm’s Managing Director of Development John Simonlacaj, is charged with delivering the firm’s many projects – both new construction and comprehensive redevelopment of existing properties – with the highest quality to realize the vision of the many gifted architects with which the firm works.

Residents at The Halcyon enjoy access to a wide range of conveniences, from within the confines of the serene and elegant structure. Among the key features and amenities are a welcoming and comfortably stylish lobby; a library and lounge space connected to an outdoor courtyard; a children’s playroom; a Sky Lounge overlooking the New York City skyline designed to accommodate dinner and cocktail parties; a fully-equipped fitness center with a multi-purpose Movement Studio for yoga, stretching or meditation; and a 52-foot heated pool with an indoor sundeck, dry sauna, and Aqua Spa.

According Mr. Simonlacaj, “A well-established amenities package was the key concept of the Halcyon development. The expectations of buyers have evolved and become more refined, with an added focus on health and fitness. The Halcyon showcases the importance of translating the interests and lifestyles of buyers into all aspects of design and programming.”

Even as the amenities have proven to be well-received and well-utilized by the many types of residents of The Halcyon, Mr. Simonlacaj further noted that, “HFZ continues to look for ways to innovate on future projects. What excites our development team is to anticipate and plan for future demands – not in a way to chase the latest trends, but rather to develop services that have a lasting and meaningful impact.”

HFZ Capital Group is a Manhattan-based real estate investment and development firm with expertise in a broad range of real estate disciplines including underwriting analytics, structured finance, investment, development, construction and asset management. HFZ capitalizes on development and investment opportunities both in the U.S. and abroad and has acquired, owned, developed and operated properties across many asset classes, including residential, office, hotel, retail, sports, and entertainment. Today HFZ is managing and developing real estate with a total value in excess of $10 billion, spanning approximately 10 million square feet including nearly 2,000 new residential units being brought to market. The company has a stellar reputation for restoring and preserving historic buildings as well as building ground up developments in collaboration with renowned architects and designers, such as David Chipperfield, Isay Weinfeld, Thomas Juul-Hansen and now Bjarke Ingels.