New York, NY One of the city’s first micro-unit developments, Carmel Place, has officially launched leasing. Developer Monadnock Development has enlisted micro-housing specialist Stage 3 Properties, a Simon Baron Development portfolio company, to introduce a new housing model. Carmel Place reimagines the modern-day rental apartment and brings a much-needed sustainable solution to the city by delivering an all-inclusive living experience at accessible prices.

“When it comes to cosmopolitan living, Carmel Place has broken the mold by revolutionizing housing into something that is more practical, affordable and value-driven,” said Tobias Oriwol, project developer for Monadnock Development.

“Our inclusion of this housing concept has further evolved Carmel Place, providing a thoughtful and attractive design that allows residents to maximize their space, while incorporating an unprecedented bundle of premium resident services that will set the standard for future small-housing in New York City.”

Located at 335 East 27th St. in Kips Bay, the nine-story development makes up 55 units, 40% of which are set aside for affordable housing, with eight homes designated for Veterans Affairs Supportive Housing (VASH).

“We have spent several years thoroughly vetting each component of the housing model, meeting with hundreds of developers, landlords, institutional real estate investors, housing advocacy groups, zoning and land use experts, to name a few, to assist in satisfying all of these constituents,” said Christopher Bledsoe, Founding Partner of Stage 3 Properties. “We are grateful to the Monadnock team for sharing this vision and bringing this one-of-a-kind living experience to Carmel Place, which we feel is a breakthrough in the real estate world.”

The housing model is built on four core components:

• Thoughtfully designed micro-units offering efficient studio or co-living layouts and options for multi-functional furniture, including pieces by Resource Furniture.
• Lifestyle-relevant services including housekeeping, WiFi, and weekly visits from a Hello Alfred home manager.
• An all-access approach to “live-work-play” amenities.
• A sense of community, fostered in collaboration with social concierge Magnises, with opportunities for engagement and networking ranging from monthly mixers, volunteer activities and lectures to weekend getaways, travel options and members-only spaces.

Carmel Place residents will enjoy a weekly cleaning that includes linens being changed, beds made, groceries stocked, and laundry and/or dry cleaning dropped off and/or returned.

Homes at Carmel Place range in size from 260 to 360 square feet, featuring 9’6” ceilings. Residents can choose between a variety of layouts and furnished or unfurnished options.

Onsite necessities and amenities at Carmel Place were designed to accommodate busy and fast-paced city life, including a virtual doorman, Juliet balconies, gym, resident lounge, outdoor terrace, laundry room and tenant/overhead storage, including bike storage. Packages will be handled by the virtual doorman system, with deliveries left in a secured package room for residents to retrieve at their convenience.

Carmel Place is the winner of the New York City Department of Housing Preservation and Development’s adAPT NYC competition, a pilot program to develop a new housing model for New York’s growing small-household population. Monadnock, in collaboration with nARCHITECTS and marketing consultant Corcoran Sunshine, worked together to design, construct and create the groundbreaking development.

Strategically located in Manhattan’s Kips Bay neighborhood, residents at Carmel Place have easy access to a wide variety of dining, entertainment and transportation options. Home to amenities such as Kips Bay Plaza and Dover Street Market, Kips Bay is also situated near major medical establishments and institutional buildings. Its East Side location provides residents convenient access to the waterfront, Stuyvesant Cove Park and East River Park.