With its perch on the East River waterfront and the views that will come with it, Fortis Property Group's forthcoming 60-story South Street Seaport tower was bound to be pricey. TRD reports that the building's offering plan has been approved by the AG, with a projected sellout of $272 million. That means the average ask for a condo in the 80-unit tower will be $3.4 million. (The building will also have 17 storage units for sale.)
Construction at the site of the Goldstein, Hill & West-designed tower began in July, around the same time developer Fortis reached a settlement with landlord Jack Resnick & Sons over the use of One Seaport, the tower's erstwhile name. Under the terms of the agreement, the development will be known as 1 Seaport, and its teaser site has been updated to reflect that.
The development is rising at 151 Maiden Lane on a site bounded by Front and South streets and Maiden and Fletcher streets.