A Building - 425 East 13th Street - East Village - Condo - by Cetra/Ruddy

[Derek2k3]

By the same developer.

421-433 East 13th Street
8 stories 78 feet
Cetra/Ruddy, Inc.
Dev-Magnum Management
Residential
92 units 130,901 Sq. Ft.
Proposed


East Village development site acquired 29-DEC-05
http://www.cityrealty.com/new_developments/news.cr

Magnum Management has acquired a development site at 421-433 East 13th Street and is demolishing a two-story garage there in preparation for construction of an 8-story building with 92 apartments.

The property was acquired for $19,763,000, or about $295 a square foot, and preliminary designs have demonstrated the feasibility of a 89,023 square foot structure that uses more than 20,000 square feet of development rights that Magnum also acquired.

“The East Village has seen a surge in demand for high-end residential property and condos alike,” said Massey Knakal Partner James Nelson, who exclusively represented the seller, Time Equities Inc., with Broker Michael Soleimani.

The midblock site is between First Avenue and Avenue A in the East Village.

Mr. Nelson told CityRealty.Com today that the project will be “as-of-right,” that is, within existing zoning and building regulations.

Attempts by CityRealty.Com to reach Rob Kaliner of Magnum Management for information about the new building’s design and building type were unsuccessful.

Map
DOB Permit

[stache]

Ugh!

[pianoman11686]

From http://cityrealty.com:

More details on new condo project in the East Village 04-JAN-06

Robert Kaliner of Magnum Management told CityRealty.com today that an offering plan for its new project at 421 East 13th Street will probably be submitted to the New York State Attorney General’s office next month.

He said that the eight story building will have about 90 condominium apartments, a 24-hour concierge, a health club with pool and cabanas on the roof. The building will have many balconies with glass railings.

He said that Cetra/Ruddy is the architect for the development and that it should be ready for occupancy in about a year.

The midblock site is between First Avenue and Avenue A in the East Village.

The property was acquired for $19,763,000, or about $295 a square foot, and preliminary designs have demonstrated the feasibility of an 89,023 square foot structure that uses more than 20,000 square feet of development rights that Magnum also acquired.

“The East Village has seen a surge in demand for high-end residential property and condos alike,” said Massey Knakal partner James Nelson, who exclusively represented the seller, Time Equities Inc., with Broker Michael Soleimani.

Mr. Nelson told CityRealty.Com today that the project will be “as-of-right,” that is, within existing zoning and building regulations.

[daver]

The main address is now listed as 425 East 13th Street, if someone wants to update the thread title. Current plans call for 89 units, 8 floors. The main entrance will be on 13th St. with a covered courtyard over to a 14th St. wing. It is called A Building (isn't that convenient) and is being done by Rob Kaliner, president of the Ascend Group. Main website is http://abuildingnyc.com/ , which I can't get work because of all their fancy smancy crap. Maybe you will have better luck. They say they are six months from completion, which would put it at late May 2007. All the full service goodies, roof terrace with pool. A 3brdm 1,900 sq.ft. Penthouse with 400 sq.ft. private outside is currently forecast at $2.975 million.

More info:
http://www.curbed.com/archives/2006/...y_to_evill.php
http://www.nypost.com/seven/11302006...tra.htm?page=2

[evbuilding]

Closings have begun finally on this building! Hopefully the pool will be ready by the summer!

[TL221]

Does anybody have photos of a unit in the building? Any further information about when the whole building will be complete?