The first property, named Empire, is located at 188 East 78thSt. and Third Avenue. Of the 76 one- to five-bedroom units, all butone have been sold for $600,000 to $3.9 million. The building isbilled as a high-end luxury residential housing facility, providingan investment alternative to the rising cost of rentals.

The second property, named Impala, consists of a 31-story towerfacing First Avenue and an 11-story building facing 76th Street.The two buildings are joined by an interior courtyard and acorridor within the buildings. There are 194 units in the twobuildings ranging from 474-sf studios priced to 1,865-sfthree-bedroom units. Residents will be able to purchase neighboringunits to expand. This development was originally marketed as arental building, but reportedly after months of debate, the ownersdecided to go condo.

The units themselves were designed by H. Thomas O'Hara andfeature nine to 11-foot high ceilings and picture windows. To allowmore light and to create the height of the building desired, thepartnership purchased the air rights over nearby buildings. Unitson the upper floors have views over the river or the Manhattanskyline and many units have terraces. Housed in the building are ahealth club, children's playroom and business center.