RFR Developing $80M NYC Condo Project

Located in the heart of Soho, surrounded by cast-iron buildings and a cutting edge neighborhood, 350 West Broadway (pictured), between Grand and Broome Streets, is set to house eight full-floor residences. The two- and three-bedroom units, which will be ready occupancy in September 2009, will range in size from 2,875 square feet to 3,539 square feet. Prices start at $9,575,000. The building is being developed by Aby Rosen of RFR Holding LLC, which also owns the Lever House and the Seagram Building. In a statement, Rosen said, “With 350 West Broadway, we worked to create an exclusive address that represented the best of Soho’s sex appeal, cutting edge style, and daring art.” Architects Moed de Armas & Shannon, designed the building with ultra-clear insulated vision glass and outer glass panels for visual flatness, with a high efficiency low-energy coating for comfort. Interior designer William T. Georgis designed the lobby to house a George Condo art installation. Each full floor residence has a grand entry foyer, a separate service entrance, a private storage room, and full-size laundry room, hardwood floors, and many amenities. Most residences have private outdoor space — notably, an 2,700-square-foot setback terrace on the third floor and a 1,388-square-foot penthouse rooftop terrace. Stribling Marketing Associates is handling the sales and marketing for the project.CPN reported last week on Corcoran’s report on Manhattan residential real estate sales for the second quarter of 2008. There has been much discussion of the slower level of sales activity this year and, with sales off 38 percent from the same time last year. Among new development sales, the Upper Eest Side showed the greatest median sale price increase compared to the year-ago quarter.