Over three years after the developer purchased this property, a teaser site and new renders have emerged for a new, Steiner NYC-developed condo building at 438 East 12th Street in the East Village. Real estate broker, Fredrik Eklund, who is part of the Eklund Gomes Team at Douglas Elliman, and is in charge of sales at this building, made the announcement on his Instagram account on Tuesday.
The 82-unit building will include one-to-four bedroom condos and and some penthouses. Construction is expected to be complete over the next 18 months, according to The Real Deal, which first reported on this new development.
Steiner NYC purchased the property, which was once home to the Mary Help of Christians Catholic Church, for $41 million in 2012. The church was subsequently demolished to make way for this new building. When a residential building was first announced in 2013, the plan at that time called for a 158-unit building, but that has obviously changed since.
One-bedrooms at the new building, where interiors are being designed by Paris Forino, will start at $1.1 million. Amenities in the building include a 50-foot long swimming pool, rooftop gardens, a spa, a gym, a library, and a 24-hour lobby concierge. Steiner NYC is hoping for a $215 million sell out at the building, which would set a record for the neighborhood, according to TRD.
438 East 12th Street [Website]
· Hail Mary! Steiner aiming for record sellout in East Village [TRD]
· This 7-Story Building Is Replacing Mary Help Of Christians [Curbed]