The exclusive, pricey development is now half sold
Since we last checked in with 1 Great Jones Alley, the flea market-replacing condos rising on a sliver of space in Noho, there’s been a flurry of progress at the development. It hit a construction milestone earlier this week, as the 12-story building officially topped off, and the groundwork for its huge duplex penthouse has been laid.
And speaking of that penthouse, that’s part of another milestone for the development: the same buyer snapped up that $23.75 million apartment (covering the building’s 11th and 12th floors), along with a smaller, $10 million unit directly below it on the 10th floor. (No word on whether that means the buyer will combine the units for one enormous Frankenapartment.)
According to representatives for the project, that sale means the development is now 50 percent sold, with just eight pricey “jewel box” apartments remaining. You can peep new renderings for one of those—an eighth-floor apartment asking $8.95 million—below.
The building, designed by BKSK Architects and developed by Madison Realty Capital, is due to be completed by 2017, with occupancy happening not long after. It has a pretty ridiculous amenities package that includes a high-end spa, plenty of green space (courtesy landscape architect HMWhite), and a private entrance on Great Jones Alley.
- Previewing the ‘Jewel Box’ Condos at Noho’s 1 Great Jones Alley [Curbed]
- Olshan’s Luxury Report [Olshan]