(To read more on the multifamily market, click here.)

|

NEW YORK CITY-Construction has begun on the 100 11th Ave.condominium project. Designed by architect Jean Nouvel, the23-story building will contain 72 residences enclosed in an allglass mosaic facade and is being developed by Cape Advisors Inc.with Alf Naman Real Estate Advisors.

|

A spokesperson for the project declined to offer a constructioncost for the project, which will be located at 11th Avenue and 19thStreet.

|

After its completion in fall 2008, the building will apply forLEED certification, hopefully earning the government's basic LEEDstandard. To receive the certification, the building will utilize anatural ventilation system as well as low-emission and recycledmaterials. Additionally the design allows maximum natural light toenter the units.

|

The one-, two-, three- and four-bedroom condos will range insize from 890 sf to 4,675 sf. The building will hold five penthouseunits, with the top floor being the largest unit, which will boasta full-roof terrace. Prices range from $1.6 million to $22 million,and the units are being exclusively marketed by Corcoran SunshineMarketing Group. While the sales office is expected to open in afew weeks, some interested parties have already spoken with theCorcoran team, according to a source. A call to Corcoran requestingcomment was not returned by deadline.

|

Amenities at 100 11th Ave. include a 24-hour doorman, a lobbyrestaurant and café, private outdoor garden, an indoor-outdoor lappool, fitness center, spa and valet parking.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.