The future home of Gisele Bündchen and Tom Brady is gradually making progress towards its 2018 completion date. New photos by Tectonic have revealed that the soon-to-be 14-story condo at 70 Vestry Street is now five-stories above ground, YIMBY first reported.
The Robert A.M. Stern-designed project will contain just 46 apartments with the average price of a unit at a staggering $14 million. Sales launched in April with prices starting at $6.25 million for a two-bedroom. Apartments here range in size from two to seven-bedrooms and can span anywhere between 1,700-to-7,000-square-feet.
It is rumored that the penthouse units at this building will ask $50 million and $65 million respectively, but for now the priciest condo here is a five-bedroom spanning just under 4,700-square-feet and asking $29.5 million.
Curbed got a chance to tour the sales office of this Related Companies-developed project in October, which sits just blocks away from the construction site. The developers have however declined to give sales figures for the development.
On the other side of town, another big name developer’s upcoming project has made significant progress. Just six months after foundation work got underway, Extell’s two-building, seven-story rental project in the East Village has basically reached its full height, construction site photos by EV Grieve have revealed.
The first of the two rentals is located at 500 East 14th Street and will bring 106 apartments to the neighborhood. The second is located at 524 East 14th Street and will add 44 apartments to the area. In August, Target signed on a 30-year lease on the retail space at 500 East 14th Street. There are also rumors that Trader Joe’s may open a second East Village location at one of these rentals. The project is expected to wrap sometime in 2018, along with the opening of the Target.
- Lucky 7s: Extell's 7-story developments look to be topping out on 14th Street [EVGrieve]
- Robert A.M. Stern’s 70 Vestry Street Rises In Tribeca [YIMBY]