In March, Simon Baron Development and Quandrum Global leased a parking garage at 267-269 West 87th Street in the Upper West Side, just outside of the neighborhood’s extensive historic district. Now YIMBY has the first look at the 17-story condo building set to replace the garage between Broadway and West End Avenue.
FxFowle is designing the project, and they have created another attractive, contextual high-rise in the vein of Greenwich Lane, a combination of new condo buildings and prewar conversions on the former St Vincent’s Hospital site in the West Village.
New building applications filed yesterday call for a 170-foot-tall building with 39 apartments. They’ll be spread across 100,194 square feet of residential space, with average units clocking in at a family-sized 2,569 square feet. Clearly these will be condos, and based on the size, we expect plenty of three-bedroom units.
Two duplexes will fill the first two floors, followed by a full-floor unit on the second and three apartments each on the third through 11th floors. The 12th through 14th floors will host two units each, topped by three full-floor penthouses on the final three stories.
The structure will also be set back after the 11th floor, creating large private balconies for residents on the 12th, 13th and 14th floors .
Simon Baron and Quandrum signed a 99-year ground lease on the property, committing to a rent in the “high-$20s per square foot” for the planned 100,000-square-foot building, according to the Commercial Observer. That puts the rent somewhere between $2.5 and $3 million a year.
Simon Baron has a few other ground-up projects scattered across the city, including two Long Island City residential towers and a glassy hotel nearing the finish line on East 31st Street. Elsewhere on the Upper West Side, the firm is renovating an attractive prewar building at 393 West End Avenue into luxury rentals.