William Lie Zeckendorf, left, and Arthur W. Zeckendorf are not any stranger to chichi actual property.
AP
One other “Limestone Jesus” — the favored nickname for 15 Central Park West — is poised to quickly rise over the Hudson River downtown.
A three way partnership partnership of Zeckendorf Growth, builders of boldface-filled 15 CPW, and Atlas Capital Group have simply signed a hush-hush contract to buy 570 Washington St. — a 1.3-acre empty lot between Houston and Clarkson streets on the West Aspect Freeway, sources informed The Publish solely.
The builders plan to erect a $1 billion-plus, roughly 36-story, super-luxury apartment tower affording open river and skyline views, based on the sources. Residences will likely be priced within the $5,000 per sq. foot vary — remarkable for downtown.
“It’s s all however assured to prime each downtown sale value report. The Zeckendorfs plan to duplicate their uptown luxurious customary,” one supply mentioned.
Residents at 15 Central Park West embody or have included Goldman Sachs CEO Lloyd Blankfein, Hollywood’s Robert De Niro and Denzel Washington, and athletes Alex Rodriguez and NASCAR driver Jeff Gordon.
The Washington Road location on the juncture of the West Village and Soho is straight away north of Google’s deliberate advanced within the St. John’s Terminal constructing at 550 Washington St. and overlooks Pier 40 within the Hudson River.
It wasn’t instantly identified how a lot Zeckendorf and Atlas are paying present website proprietor Westbrook Companions. The acquisition is predicted to shut inside a number of months.
No brokers have been concerned, the sources mentioned. The consumers are mentioned to have out-dueled Gary Barnett’s Extell, Steve Roth’s Vornado and Miki Naftali’s Naftali Group for the positioning.
Particulars relating to the deliberate tower are sparse. However sources mentioned it is going to rise to about 400 ft, practically 3 times the peak Tribeca’s 70 Sacristy St. the place some apartment models bought for $4,600 per sq. foot.
The Sacristy venture was designed by architect Robert A.M. Stern, who additionally designed Zeckendorf’s 15 Central Park West and Billionaires Row venture 520 Park Ave. It wasn’t identified whether or not Stern would additionally work on 570 Washington St., nevertheless.
The Zeckendorf agency is headed by Arthur Zeckendorf, his son Artie Zeckendorf and brother William Lie Zeckendorf.
Atlas, based by Jeffrey A. Goldberger and Andrew B. Cohen, develops and manages properties throughout the U.S. It purchased Brooklyn’s Denizen condominium advanced final yr for $506 million in money.
Neither Zeckendorf Growth nor Atlas Capital Group principals responded to e-mail requests for remark.
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