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Cast-Iron Soho Buildings Will Give Way to 'Boutique' Condos

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Two of Soho's historic cast-iron structures, including an 1867-built stunner, are going the way of high-end condos. At the behest of developer Michael Kirchmann of GDS Development, the two five-story buildings are being converted from mixed-use properties into one condo development that will take the name, and address, 25 Mercer. Project brokers Fredrik Eklund and John Gomes of Douglas Elliman just announced the roll-out the building's teaser site, which promises "five exclusive residences, ranging from townhouse, to lofts, to penthouse" in the Soho Cast-Iron District. According to Eklund, the development will have one townhouse with an elevator and "multiple terraces," three floor-through lofts, and one duplex penthouse with a pool (↑).

In addition to developing, Kirchmann will also be designing the project's interiors with the help of Fogarty Finger. The interiors will honor the building's historic architecture while also modernizing it with custom kitchens and imported finishes. Apartments will have ceiling heights of up to 13 feet and fireplaces. Fogarty Finger is also the project architect. Sales in the building will launch this spring, and start from a whopping $8 million.

· 25 Mercer [official]