(Read more on the multifamily market.)

NEW YORK CITY-The Platinum condo project, currently beingconstructed at 46th Street and Eighth Avenue, has sold 70 unitsafter the sales office has been open less than a month. TheMarketing Directors Inc., led by president Adrienne Albert, isexclusively selling the units.

The 43-story, 220-condo project broke ground this past fall. The$250-million project is slated to be completed during summer 2008,with move-ins scheduled for that time. According to a spokeswomanfor SJP Residential, the project's developer, units range in sizefrom 600 sf to 3,500 sf and contain one, two or three bedrooms.Prices for the amenity-rich, luxury condo begin at $700,000 andexpand up to $7.5 million for the penthouse suite that includes aterrace.

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