A six-bedroom, 7,000 square feet of living space, with panoramic views of the Hudson River and Manhattan skyline, and a 5,000-square-foot terrace penthouse condo apartment at One High Line, a new development in West Chelsea has entered into contract at $52 million, and downtown $50 million sales are rare compared to uptown luxury enclaves.

Some of the few $50 million residential real estate sales in downtown Manhattan include a penthouse at 70 Vestry Street in Tribeca that sold for $56 million and another Chelsea unit at the Getty, which sold for $59 million — both sales were in 2018.

The sale marks a significant milestone for the rebranded development, then known as The XI, purchased by the Witkoff Group and Access Industries in 2021 for $900 million. The two-tower project is expected to be completed in winter 2024 and will consist of 240 residential units, 137 hotel rooms, retail space, and a public plaza.

(source: therealdeal.com, picture: onehighlineresidences.com)