Adjoining Greenwich Village Condos at 21E12 and 116 University Place Get Their Skins; Watch Video

By CityRealty Staff | From Future New York Tuesday, January 23, 2018

21 E12 rendering credit: Wordsearch; Photo of facade rising as of mid-January 2018

In recent years, no blockfront of Greenwich Village has changed more dramatically than the west side of University Place between East 12th and 13th streets. Standing side by side are two fully-ascended condos now being dressed in a warm sandstone-colored facade. Adopting their addresses as their names, the offerings are simply known as 21E12 and 116 University Place. The two ground-up ventures —a rarity in this heavily-protected neighborhood — will open later this year and join a vibrant block home to The Village branch of the New York City Health and Racquet Club, the longstanding vegan restaurant Souen, and the venerable Gotham Bar & Grill across the street.

(Wordsearch)

The more salient of the pair is 21E12, a 22-story condo being developed by William Macklowe Company. The project replaces the Bowlmor bowling alley and garage building where the developer purchased a long-term controlling position in 2012. The new tower’s pragmatic design by Annabelle Selldorf calls for a ring of retail at street level faced with an industrious metal and glass skin. Greatly setting back from the three-level podium is a freestanding tower buffered by two private gardens and one other connected to the resident's lounge. The tower is being wrapped in sandstone-colored stone that complements some of the limestone and pale-brick buildings of the neighborhood.

Assembled inside will be 52 one- to four-bedroom condos, each sharing its floor with no more than three other units. Each home will occupy at least one corner exposure, lending to views of tree-lined streets, Union Square, Washington Square Park, and the city skyline for mid- to upper-floor buyers. All homes will benefit from a surplus of light and air due to the gracious setback and oversized casement windows measuring 8 feet by 5.6 feet.

(CityRealty)

All layouts will have foyers, gourmet kitchens, and wide plank white oak flooring. Kitchens will feature white oak millwork cabinetry, Pietra Lavica stone countertops, and a suite of Gaggenau, Miele, and Sub-Zero appliances. Master bedrooms will have a dressing room, walk-in closet, and an en-suite bath with Bardiglio Lucca marble flooring, vanity counters, and freestanding soaking tub.

More than two-thirds of the offered homes are in contract which includes both townhouses and both penthouses. Due to strong demand, asking prices have increased for remaining units. One-bedrooms now have a starting ask of $2.55 million, two-bedrooms from $3.975 million, and three-bedroom from $6.225 million. Amenities will include an attended lobby, fitness center, a roof terrace with an outdoor kitchen and private storage (for purchase).

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Rendering of 116 University Place (Morris Adjmi Architects)

Directly next door at the northwest corner of 13th Street is 116 University Place. Developed by Ranger Properties, the boutique project offers just five full-floor apartments across its six levels. All homes are either three- or four-bedrooms and span more than 3,000 square feet in size. Recently, the two upper-level units were signed into contract. Included is the 3-bed, 3.5-bath penthouse with its very own 1,300 square-foot roof terrace. It had an ask of $9.95 million / $3,182 a foot. The three remaining homes include the third floor’s 3-bedroom priced at $7.35 million and the second and fourth floor’s 4-bedroom spreads priced at $7.2 million and $7.475 million accordingly.

116 University is being designed by celebrated architect Morris Adjmi. Like 21E12, the building is being enclosed by a prefabricated panel system, but instead of cast stone, these pieces are faced with corbelled brickwork. The team says the building’s inspiration comes from the examination of historic brick townhouses in Greenwich Village. “The use of the corbelled brick windows recalls the studio windows added to houses and apartments when the area was populated by artists and bohemians,” says Adjmi.

116 University Place living room via Corcoran

Kitchen

Bath

Floorplan of #4 for $7.475 million

Each of the residences will have key-in elevator access, 10'4" ceilings, 6-inch wide white oak flooring and walls punctuated by 16 well-proportioned windows. Kitchens by Smallbone of Devizes feature hand-painted cabinets, Miele appliances and Lumix quartzite countertops, backsplash, and island. Units also feature powder rooms, washer/dryer and master suites with walk-in closets and windowed master baths.

Despite a slowing market, closing prices of Greenwich Village condos have held relatively steady, and still command more than double the Manhattan average, according to our sales data. The block of 116 University and 21E12 has seen three other condos open in recent years: 61 Fifth Avenue, 17 East 12th Street and 12 East 13th Street. Closings in those buildings have hovered north of $2,000 a foot.

(CityRealty)

Google Earth aerial showing 21E12 with 116 University Place just below (CityRealty)

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