Maybe a basketball court and bowling alley, a footbridge-turned-event space, eight new John Pawson-designed floors, and asking prices of $2,300 to $2,500 per square foot were too much to hope for at 1107 Broadway. After making big plans in 2007, the building spent a few years in arrested development limbo before heading into foreclosure. But all hope is not lost for the building! The Journal confirms that the Witkoff Group picked up the site in a one-day June auction and will close on the $190 million deal next month. The plan is for 145 luxury condos, in a renovation that will cost about $100 million. (The interior's already been gutted, and the changes to the exterior will apparently be minor.) We're already looking forward to the building's sales face-off with One Madison Park.
· Condos Set for Toy Building [WSJ]
· 1107 Broadway coverage [Curbed]