SDS Procida announced today that it has named its residential condominium development at 425 West 53rd Street The Dillon and has obtained $93,500,000 in construction financing from Corus Bank in Chicago with secondary financing from Palisades Financial.
The 85-unit development has been designed by Smith-Miller + Hawkinson Architects and has received a 2007 Project Merit Award from the New York Chapter of the American Institute of Architects.
The former parking lot site was purchased from Con Edison for $32.2 million.
The building will have a faceted facade with protruding windows and many bay windows.
It will have 9 triplex townhouses and underground parking and outdoor courtyards. The townhouses will have high scrim-like gates and the top five floors of the seven-story structure will be angled and slightly cantilevered over the bottom two floors.
Smith-Miller + Hawkinson is also designed a condominium development at 27 Wooster Street in SoHo.
Montroy Andersen, Design Group Incorporation is the executive architect.
The project is a development of SDS Procida Distinctive Properties, the partnership of Mario Procida, President of Procida Realty & Construction and Louis V. Greco, Jr. Vice-President of real estate firm Second Development Services, Inc. Other SDS Procida Distinctive Properties include the Richard Meier On Prospect Park luxury condominium residence now under construction in Brooklyn and Studio 322, a condominium in Brooklyn Heights.
The 85-unit development has been designed by Smith-Miller + Hawkinson Architects and has received a 2007 Project Merit Award from the New York Chapter of the American Institute of Architects.
The former parking lot site was purchased from Con Edison for $32.2 million.
The building will have a faceted facade with protruding windows and many bay windows.
It will have 9 triplex townhouses and underground parking and outdoor courtyards. The townhouses will have high scrim-like gates and the top five floors of the seven-story structure will be angled and slightly cantilevered over the bottom two floors.
Smith-Miller + Hawkinson is also designed a condominium development at 27 Wooster Street in SoHo.
Montroy Andersen, Design Group Incorporation is the executive architect.
The project is a development of SDS Procida Distinctive Properties, the partnership of Mario Procida, President of Procida Realty & Construction and Louis V. Greco, Jr. Vice-President of real estate firm Second Development Services, Inc. Other SDS Procida Distinctive Properties include the Richard Meier On Prospect Park luxury condominium residence now under construction in Brooklyn and Studio 322, a condominium in Brooklyn Heights.
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Architecture Critic
Carter Horsley
Since 1997, Carter B. Horsley has been the editorial director of CityRealty. He began his journalistic career at The New York Times in 1961 where he spent 26 years as a reporter specializing in real estate & architectural news. In 1987, he became the architecture critic and real estate editor of The New York Post.
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