Wednesday, 6 July 2016

15 Hudson Yards Could Launch Sales As Soon As This Fall

The 910-foot condo tower is projecting a $1.74 billion sellout

At the moment, 15 Hudson Yards is still just a rather large hole in the ground, but once it’s completed the 910-foot tower will become one of the city’s tallest residential skyscrapers—and one of its priciest.

According to the Real Deal, the Attorney General’s office recently approved a condo offering plan for the building that puts its total sell-out price at around $1.74 billion. While that’s not quite as high as Robert A.M. Stern’s 220 Central Park South—home to the possible $250 million condo—or the forthcoming Nordstrom Tower, it does put it in the same league as towers like 111 West 57th Street, which is projecting a nearly $1.5 billion sellout.

The building will be divided between market-rate condos and affordable apartments, but pricing for those units has yet to be revealed. But considering the number in the building—close to 400 apartments—and that sellout number, it’s safe to assume the condos will be pretty pricey. Sales are expected to launch sometime in the fall, and move-ins are slated for 2019.


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