The not-yet-named building, which is scheduled for a spring 2005groundbreaking and completion sometime the following year, isslated for Site 16/17--the largest remaining residential site inBattery Park City. It is located on the Hudson River, bordered onthe north by Murray Street, the east by North End Avenue, the southby Vesey Street and on the west by River Terrace.

The building will feature oversized units, including many three-and four-bedroom apartments, upper-floor duplexes, nature-interiorfinishes and unique floor layouts. The building will also include acourtyard which will serve as a continuation of the nearlycompleted Teardrop Park. This is the first project of this kind forSheldrake, what they're calling "a real breakout deal for them inthe New York City market."

In regards to the "green" aspect, the developers' goal is toachieve what is known as Gold Leed status. Just a few of theanticipated "green" amenities will be rain, black and gray watercollection and treatment systems, enecrete heat source, rooftop andcourtyard plantings, bamboo flooring in residential units and apossible rooftop turbine windmill.