A set of parking garages in Hamilton Heights will be demolished to make way for condos, the Commercial Observer reports. Developer Anbau shelled out $22.5 million on the garages located on West 153rd Street between Broadway and Riverside Drive, and across from the Trinity Church Cemetery.
As plans stand right now, Anbau plans to build two buildings on the site that will be connected by a courtyard that will offer up views of the Hudson River. Anbau has brought on DXA Studio to design the project, which will feature a total of 150 apartments. Prices on these apartments will range from just below $1 million and go up to $3 million.
It’s not everyday that a new condo building gets proposed in Hamilton Heights, especially not one this scale—the site has 150,000 buildable square feet. That being said, the condo building will be located on the same street as Perch Harlem, a swanky residential development that’s the city’s first market-rate rental built to passive house standards.
The condo building site in Hamilton Heights is currently being used as parking for Verizon, and the developer is going to provide them with parking in the new development as well, according to the Commercial Observer. Anbau’s founder told the CO that he thinks Hamilton Heights is NYC’s next emerging market, and that the time was right for this type of development.
The developer is hoping for construction to get underway in the next six months, and anticipating a completion sometime in the next two to three years.