Developers are looking for $650 million sellout on the condo's 115 apartments
Developers behind Renzo Piano’s first New York City condo are looking for a sellout of more than $650 million, The Real Deal reports. Construction is already underway on the 30-story Soho development, but sales are yet to get underway on the condo’s 115 apartments. Pricing however was unveiled last month, and condos at 565 Broome Soho, as the project is known, will start from $1 million for a studio and go upwards of $20 million for a four-bedroom.
The project is a collaboration between Bizzi & Partners Development, Aronov Development and Halpern Real Estate Venture, and this latest sales revelation means the price per square foot at this 320,000 square foot project stands at $2,034. The building is located close to the entrance to the Holland Tunnel, and that had once proved a deterrent to developers, but all of that seems to have changed now.
Construction on the project is expected to wrap up sometime in 2018.
- Bizzi, partners eye $650M sellout at Renzo Piano condo project [TRD]
- Whitney Architect Renzo Piano's First NYC Condos Will Ask From $1M [Curbed]
from
http://ny.curbed.com/2016/8/2/12353938/renzo-piano-soho-condo-sales
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