UPDATED Oct. 21, 2022, 10:35 a.m.: The Zeckendorfs and Atlas Capital have filed plans for the luxury condo site they purchased in the West Village early this year.
Andrew Cohen, principal at Atlas, filed permits Oct. 14 for a 170,000 square-foot, mixed-use building at 570 Washington Street, on the same block where their 34-story ultra-luxe condo will tower over the West Side Highway. Then, on Oct. 21, the developers filed plans for the condo, to be 133 units and 679,000 square feet.
Atlas and Zeckendorf Development bought the 1.3-acre site in February for $340 million with plans to build the condo tower on the empty lot, the New York Post reported. It turns out, that project’s address will be 80 Clarkson Street. The 19-story Washington Street project east of it will have affordable rentals for seniors.
The firms outbid real estate giants Gary Barnett, Steven Roth and Miki Naftali for the property.
The Baupost Group joined in on the project before the group received a $322 million loan from Blackstone for the site in July.
The full-block project, expected to cost around $1 billion, aims to bring record-high apartment prices to the neighborhood: around $5,000 per square foot. The average unit size looks to be roughly 5,000 square feet, which would make the average apartment price $25 million. No offering plan has been filed.
The Zeckendorfs — brothers Arthur and William Lie co-chair the family firm, which is also led by Arthur’s son Artie — are continuing their run of building ever-more-luxurious condos and testing the limits of what the ultra-wealthy will spend in various corners of the city. Their latest project is said to be modeled after their highly successful 15 Central Park West.
At one time, industry observers were skeptical that they would get $1,000 per square foot for their ambitious 515 Park Avenue condo, but its apartments fetched three times that amount a year before it was even completed in late 1999, according to Adam Piore’s “The New Kings of New York.”
This story has been revised with details about the two buildings planned for the development site at Washington and Clarkson streets.