[Photo from Saturday]
CityReality provides an update on developer Douglas Steiner's luxury condoplex, Steiner East Village, in a piece titled "Usherer of Alphabet City Gentrification More than 50% Sold."
As the headline suggests, 44 of the building's 82 units along Avenue A between 11th Street and 12th Street have been spoken for.
The building, which features an indoor pool and 5,000-square-foot "rooftop park," also holds the distinction of having an East Village record-breaking sell-out of $225 million.
A passage from the post:
As of mid-July, much of the building’s exterior is complete. Closings are expected to begin this fall with occupancy likely following soon after. A recent episode of Million Dollar Listing featured the building, where celebrity broker Fredrik Ecklund just so happens to be leading sales. Reflecting on the social impact Steiner East Village may have on the community, Ecklund and others commit thousands of dollars to fund a cooking program for kids at a local park.
The CityRealty piece doesn't mention anything about the 11,000 square feet of retail space that will apparently be available along Avenue A. (The last listing we saw is from 2014.) For people concerned about the increase in chain stores here (joining the incoming Trader Joe's and Target around the corner), you can likely count on one or two more in this space.
Steiner bought the former Mary Help of Christians property in 2012 from the Archdiocese of New York for $41 million.
Previously on EV Grieve:
Report: Developer Douglas Steiner lands $130 million loan for EV condo construction
Douglas Steiner's church-replacing condos emerge from the pit; plus new renderings
Developer Douglas Steiner presents Steiner East Village
[The church property in August 2012 via Bobby Williams]