The design by Deborah Berke & Partners Architects LLP for the planned 11-story residential condominium building at 48 Bond Street will incorporate some windows that slant downwards and project outwards from the facade.

Construction is now underway at the site where Dabon LLC, of which Donald Capoccia is a principal, plans to create 17 apartments, three of which he will keep as a triplex penthouse for himself.

David Gross of GF55 is the executive architect and Romy Goldman of Gold Development is the development manager.

The building, which is on a cobblestone street, will have a 7-story base with a dark granite facade and the upper floors are setback and have floor-to-ceiling windows. The building will have a large swimming pool in the basement with a high, undulating ceiling. Prices are anticipated to begin at about $2 million and the building is expected to be completed by about the end of the year.

The building will have an entrance marquee. It is a few feet to the east of 40 Bond Street, another new residential condominium project whose facade on Bond Street has recently been enclosed although not yet finished with the curved green glass elements designed by Herzog & de Meuron for the developer, Ian Schrager.

Another large new project on the same cobblestone block, 25 Bond Street, is entirely wrapped in shrouds.

The site at 48 Bond Street had been used as a parking lot and storage yard for Great Jones Lumber Yard and it is not far from the handsome and curved residential condominium building at 57 Bond Street on the southwest corner at The Bowery that was recently completed.

Deborah Berke designed the recently opened Marianne Boesky Gallery in Chelsea next to the High Line and the 21C Museum Hotel in Louisville, Kentucky.

A previous design by Marvin Meltzer for the site for the developer contained 29 apartments.