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Chetrit's Illuminated Tower at 135 W. 52nd Street Asks $1.5M+

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Address: 135 West 52nd Street
Developer: Chetrit Group and Clipper Equity
Architect: Cetra/Ruddy
Size: 48 stories, 109 units
Prices: $1.5 million to over $15 million
Sales and Marketing: Douglas Elliman

Just two weeks ago first renderings were revealed of the new interior of Chetrit Group's residential conversion of the former failed hotel at 135 West 52nd Street. Building off of that reveal momentum, eight of its 109-apartments have come to market, with current offerings ranging from $1.52 million to $8.5 million. There's also word that the building's largest penthouses will ask just a hair more than $15 million when they come to market. On-the-market pads range from one- to four-bedrooms, with the average price-per-square-foot falling in the low $2,000's.

The building accommodates an in-between market amidst the ultra-luxe (and pricey) pads of the so-called Billionaire's Row (red: One 57) as well as the nearby Baccarat Hotel & Residences, where for-sale apartments average $4,127 per square-foot according to StreetEasy.

The building has drawn considerable notoriety for its 423-foot-tall permanent "light saber" facade installation created by French lighting artist Thierry Dreyfus. Cetra/Ruddy handled the building's interiors and included details such as sliding glass partitions in the apartments to create intimate, multi-functioning spaces. The building will be complete in the summer of 2015.
· Listings: 135 West 52nd Street [Elliman]
· Douglas Elliman launches sales at Chetrit's Midtown tower [TRD]
· All 135 West 52nd Street coverage [Curbed]
· Development Du Jour archive [Curbed]