CONSTRUCTION BEGINS FOR ALMA

NEW YORK CITY — New York City-based Beck Street Capital has begun construction of Alma, a 13-unit condominium building located at 30 W. 21st St. in the Flatiron District of New York City. Consisting of the conversion of a 1907 loft building, Alma will contain 11 three-bedroom residences, a triplex penthouse and an adjacent, newly constructed, six-story townhouse. Units will range from 3,000 to 4,500 square feet, with prices ranging from $6 million to $10 million. Homes will feature Naval Oak hardwood floors, marble fireplaces in the master bedrooms, 50 feet of window frontage per unit, wine cellars, and kitchens with oak cabinets and solid-piece marble countertops. The two-bedroom penthouse will include 2,800 square feet of outdoor space, featuring a pool. The four-bedroom townhouse will include two marble fireplaces, a private elevator, a screening room, a study and a playroom. Building amenities will include a 24-hour concierge, weekly maid service, a fitness center and a pet spa. Alma is being designed by Roman & Williams and Karl Fishcer Architects. Darren Sukenik of Prudential Douglas Elliman is being retained as exclusive sales and marketing agent. Completion is scheduled for summer 2009.