At the moment, the incoming 11-story condoplex on East Houston at Orchard is a foundation pit in progress...
In any event, sales got underway last week, as Curbed first noted.
Available condos, browsable on 196 Orchard’s website, range from a 551-square-foot studio asking $1.075 million to a 2,069-square-foot three-bedroom, three-and-a-half bathroom apartment seeking $5.995 million. Prices were initially poised to start off at just shy of $1 million, but it appears that the base price has been upped. With that, the average price per square foot in the building becomes a robust $2,325.
The building’s distinct setback design, a creation of project architect Ismael Leyva, will allow for some apartments to have private terraces. New renderings for the development that came along with the listings show off expansive outdoor spaces that give way to well-appointed interiors designed by Incorporated and decked out in finishes like Nero Marquina marble for the backsplashes, concrete on the nine- to twelve-foot ceilings, and blackened nickel on the kitchen sink faucets and hoses. Heck, the kitchens even have Franke in-sink garbage disposals — the real dream.
And here are two renderings via Curbed...
The condoplex features 94 units... as well as a three-level Equinox (gym) in the retail space.
On Friday, The Real Deal reported that Ben Shaoul’s Magnum Real Estate Group secured a $195 million senior construction loan from SL Green Realty for this development.
Previously on EV Grieve:
Making way for Ben Shaoul's new retail-residential complex on East Houston
Katz's is now the last business on East Houston between Ludlow and Orchard
Send a salami to your boy next door in the condo