Exterior photo via Beyer Blinder Belle. Interior photos courtesy of Douglas Elliman
A star-studded residence inside Jean Nouvel’s High Line-hugging 100 Eleventh Avenue is now back on the market after receiving a price cut.
According to the New York Post, both legendary Fleetwood Mac singer Stevie Nicks and general manager of the Broncos John Elway made temporary homes out of the building’s expansive #19B during their New York visits. Now, owner Larry Mueller of luxury real estate company Cuvée is selling the 3-bedroom home for $7.95 million, down from its 2016 asking price of $10.6 million. The home was taken off the market last December after price adjustments decked its asking price to $8.45 million.
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(Douglas Elliman)
This is not the only home in the building to receive a price reduction. Of the tower's five units for sale, all have received price cuts in recent months.
The one-bedroom 8B is now listed for sale at $2.499 million, following reductions to a $2.795 million asking price in October. Within the past two months, the remaining 3-bedrooms for sale each notched reductions as well. 9A is currently listed for $3.975 million, reflecting a 9.6% price decrease, 10A’s $4.85 million asking price reflects a 2.9% reduction, and 16C recently garnered a 4.5% reduction to $8.1 million.
100 Eleventh #9A for $3.975M (Douglas Elliman)
These reductions perhaps speak to the development boom on this newly-minted "Architecture Row" and increased competition from inventory springing up and down the High Line. Jean Nouvel’s 100 Eleventh Avenue was a self-proclaimed “Vision Machine” upon its completion in 2010, heralded for its dazzling window pattern with each angle designed to create visual excitement. The architect used 1,650 different windowpanes to construct the most complex curtain wall of its time in New York City.
Nouvel’s 23-story building was completed in 2010, however, just one year after the first section of The High Line opened to the public, bringing increased interest, activity, and industry to the area. Perhaps his Vision Machine proved visionary indeed, as architecturally unique buildings have joined both his structure and its neighboring IAC Building by Frank Gehry to the north.
Fairly new to the row is 551W21, the 2016 19-story tower crafted by Foster + Partners, hosts a 20-foot green wall and dramatic 34-foot lobby.
Two block north is the 2010-completed 200 Eleventh Avenue by Selldorf Architects. The building hosts the city’s first sky garage and a slew of other competing amenities.
Next to come, two blocks south is The XI, (“The Eleventh”), which celebrated the opening of its sales gallery earlier this week with an installment by London-based designer Es Devlin, known for her stage production work for Beyoncé and Kanye West, as well as installments at Art Basel and The Olympics. Developed by HFZ Capital and designed by Bjarke Ingels Group, the development will hold two complementary towers that thoughtfully twist and shift as they rise to their respective heights.
Though the increase in nearby new development may be contributing to price cuts at 100 Eleventh Avenue, its calling cards remain strong. Inside, specially designed floor-to-ceiling windows frame the surrounding cityscape and allow an abundance of natural light. Kitchens and baths include custom terrazzo islands and touch sensor fixtures.
Shared amenities in the building include a concierge and full-time doorman, a fitness center, a private screening room, and valet parking services. The building's waterfront-High Line location is nothing to dismiss, with close proximity to the Chelsea Piers entertainment complex, elevated park, and Chelsea Market. An influx of industry strongholds including Google, Amazon, Facebook, Spotify, Salesforce has confirmed the area’s spot on the technology map.
There are also three units for rent at 100 Eleventh, a 2-bedroom listed for $10,950/month, and two 3-bedrooms starting at $13,000/month.
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Contributing Writer
Katy Cornell
Katy Cornell is a Long Island native with a passion for writing about real estate in the big city. She recently graduated from the University of Virginia with a BA in English and is a frequent contributor to CityRealty's Market Insight and NYC real estate blog 6sqft.
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