HFZ Capital announced plans to convert 11 Beach Street into condos shortly after buying the former office building in 2012, and the marketing team tells Curbed that sales will soon be launching. A teaser website is now live for the development, revealing the first rendering of the project, which will have 27 homes with prices starting at $4.5 million. The teaser site lists five different price range options, with the most expensive topping out at $19 million. As is the norm for new developments these days, the units will be large, ranging from three- to five-bedrooms. There will be a couple of penthouses and townhouses, and all of the interiors are designed by Thomas Juul-Hansen, who is also working with HFZ on the ground-up development at 505 West 19th Street.
Construction started this month, and the building should be ready for occupancy in the beginning of 2016. Building amenities will include the standard landscaped roof terrace, fitness center, 24-hour doorman, children's playroom, and storage (at an extra cost). Douglas Elliman Development Marketing is handling sales.
· 11 Beach Street [official]
· 11 Beach Street coverage [Curbed]