Somerset Partners and Chetrit Group sold the property for $165 million.
If the rumors are true, the building will include offices, retail, and apartments or a hotel
Somerset Partners and Chetrit Group’s Harlem River-fronting development is expected to span 1.3 million square feet and have 1,300 apartments.
The Chetrit Group’s conversion of the former Emigrant Savings Bank headquarters will create 99 condos.
The development team is ready to break ground on this massive, multi-building development that will bring 1,300 apartments to the South Bronx.
The Chetrit Group has resurfaced its early plan to seek a rezoning of an industrial site in Maspeth, Queens. The rezoning would allow for residential development, including much-needed affordable housing, on an area currently zoned for industrial use.
A long-leveled site in Williamsburg near the G stop is giving rise to a hotel and condo. The design for the development has been finessed, new renderings show.
Plans filed Friday with the city’s Department of Buildings reveal a 622-foot tower that will rise at 545 West 37th Street, right across from the Javits Center, and closer to Eleventh Avenue.The CetraRuddy-designed building will have 46 stories.
Of the four buildings at this development, 215 East 19th Street has the most apartments—130. It’s also where the priciest pad at the development is supposed to be located—a 7,120-square-foot penthouse asking $33 million.
In his design, Robert A.M. Stern tried to pay homage to architect Philip Johnson, according to TRD, with his use of marble and bronze. The marketing materials revealed that the apartments would have had heights anywhere between 11 to 16 feet.
City records that appeared yesterday show that Olayan America closed on the building as of late last month. As suspected, Chetrit will get a nice little profit, as the final closing cost for the property was $1.4 billion.
The Robert A.M. Stern-led condo conversion of the iconic Sony Building is no longer: Chetrit Group is apparently selling off the property to a new investor, and the planned apartments and hotel that would have occupied the space are no longer.