Designed by locally based Asymptote Architecture, the roughly60,000-sf property, which is scheduled for fall 2008 occupancy, hasprojected prices of $2100 per sf, notes James Lansill, seniormanaging director of Corcoran Sunshine Group, exclusive sales agentfor the project. Richard Born, developer of the project, tellsGlobeSt.com that construction costs are roughly around $500 persf.

Amenities include a fitness center, a 24-hour doorman, conciergeservices, a restaurant and private storage facilities. "Residenceswill range from $2 million to $11.5 million," Lansill explains.

Lansill further notes that the building further solidifies theWest Village as an incubator for inventive architecture. "Buyersare enthusiastically embracing the non-predictable nature of itsdesign," he says. "It is very interesting to see that buyers nowconsider this particular area--the far West Village--to be perhapsNew York City's most sought after neighborhood, when only eightyears ago, they were intimidated by it as a 'pioneering'location."

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
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.

Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.