The first permits are up for a new development at 55 West 17th Street, which Toll Brothers City Living is developing; The Real Deal reported on the site’s sale last October, when it was bought for $68.5 million. Morris Adjmi is listed as the architect of record.
Despite the lack of drawings or renderings, the filings give the first detailed look at what will likely house a host of high-end condominiums; the development’s total scope is 91,714 square feet, which includes 5,231 square feet of ground-level retail. The remaining 86,483 square feet will be split between 55 residences, averaging nearly 1,600 square feet apiece.
Toll Brothers has a penchant for high-end design, and the company’s current roster of projects includes Portzamparc’s fantastical ‘fortress of glassitude’ at 400 Park Avenue South, as well as the more traditional 1110 Park Avenue, designed by Barry Rice. Adjmi’s past designs have proven appealing to a high-end clientele, explaining the architect’s involvement at 55 West 17th Street, which will likely target the boutique luxury segment of the market.
55 West 17th Street will rise nineteen floors, and stand 200 feet in total; the Schedule A has additional specifics. The second and third levels will have six units each, with the number of residences per floor shrinking as the tower rises; duplexes begin on the 13th story, the 17th floor will be occupied by a single unit, and the penthouse will span the entirety of the top two levels.
No completion date has been announced, but the market in the neighborhood is increasingly lucrative; Walker Tower is located two blocks to the west, and that development has set astronomical price milestones. Given the demand for units in the vicinity — and the fact that demolition permits for the existing six-story building on-site were filed and approved in February — construction appears to be imminent.
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