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Cheapest Condos At The Marquand Will Cost $15 Million

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As The Marquand, a 14-story residence at 11 East 68th Street, turns 100 this year, it's about to add a new chapter to its already long history?with the launch of a new fleet of completely overhauled luxury condos. The cheapest of the 40 renovated units start at $15 million, according to its teaser site, and a BuzzBuzz Home reports that the most expensive will have an ask of $40 million or more.

We can expect to see a complete makeover both inside, where there are four units per floor (two in each wing) and out (its distinct Beaux-Arts Revival facade will get a facelift, too), according to developer HFZ Capital's website. Apartments will boast "custom kitchens, new hardwood flooring, marble bathrooms, stone countertops," and "high-end fixtures." DOB filings tell us there's also bicycle parking in the basement, a proposal for retail stores on the ground-level where a doctor's office and an apartment used to be, and two duplex penthouses with private terraces.

The renovation is led by two firms, including Shelton, Mindel & Associates; principal Lee Mindel told the Journal last week that he loves the textured pattern New York City's rooftop water towers make and thinks "Central Park is the most brilliantly designed room in the world." Well, that doesn't tell us much about The Marquand!

According to Douglas Elliman, which has the initial listing for the building, amenities that might help abate the sticker shock include a white glove doorman and concierge service, a kids' lounge, a gym, available storage rooms, and a live-in resident manager. After a sneak preview event last week, sales are expected to begin circa May.
· Official site: The Marquand [11East68th.com]
· 11 East 68th St. [HFZ Cap]
· 20 Odd Questions for Architect Lee Mindel [WSJ]
· The Marquand: Condos at HFZ Capital's 11 East 68th Street start at $15M [BBH]