Extell is one of the developers that is planning to capitalize on the strength of the market segment $1 million to $3 million; all the 815 condo units at the yet-to-be-built One Manhattan Square will be priced in this range.
Few weeks ago the attorney general approved the plans for this new condo tower that will rise downtown, just north of the Manhattan Bridge @ 250 South Street. This is a very large project, the forecasted $2.1 billion sellout is the third-priciest condo offering plan this year among approved offerings.
The brochure promises “an unprecedented 100,000 square feet of indoor and and outdoor amenities,” including a tree house with fire pits, a putting green, a covered dog run, a 70-seat movie theater, a bowling alley, a dog spa and a cigar room.
The initial stages of marketing by Extell will focus on China, Malaysia and Singapore.