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(l-r) Rendering of 16 Fifth Avenue (Robert A.M. Stern Architects, Acheson Doyle Partners, Hill West Architects for Landmarks Preservation Commission) and 64 University Place (Douglas Elliman) (l-r) Rendering of 16 Fifth Avenue (Robert A.M. Stern Architects, Acheson Doyle Partners, Hill West Architects for Landmarks Preservation Commission) and 64 University Place (Douglas Elliman)
Between its rich history, artistic residents past and present, eclectic architecture, bustling dining and cultural scenes, and close proximity to other popular areas, Greenwich Village is one of New York's most celebrated neighborhoods. It is also one of the most in-demand and expensive: CityRealty listings show only 233 publicly listed homes for sale in the area, with median prices coming to $2,622,500 ($2,462 per square foot) for condos and $1,295,000 for co-ops.
Scarcity is undoubtedly a factor in the high prices: Our listings show that few Village residents are selling, and many of the industrial buildings that could be converted to residential have already done so. Moreover, because much of the neighborhood is located within the boundaries of the Greenwich Village Historic District, and because locals are fiercely protective of the stretches that aren't, new construction in Greenwich Village is few and far between.

However, not one but two new boutique condominiums are in the works: 16 Fifth Avenue and 64 University Place. While not the most amenity-rich new buildings to take shape, the greatest perk may be their address near Washington Square Park, Union Square, historic clubs and theaters, popular new restaurants and boutiques, gourmet supermarkets, and numerous convenient transportation options.
Work is underway on both projects, but a recent site visit shows that they will not be move-in ready for quite some time. As such, we also present a selection of local listings for people who want to move to the Village sooner.

Developed by Madison Realty Capital | Design by Robert A.M. Stern Architects
19 stories | 14 units

16-Fifth-Avenue-01 Rendering of 16 Fifth Avenue (Rendering via Robert A.M. Stern Architects, Acheson Doyle Partners, Hill West Architects for Landmarks Preservation Commission)
Plans for 16 Fifth Avenue date back to fall 2017, when the first designs for a 27-story, limestone-clad tower were revealed. If this had gone forward, it would have outstripped the nearby 1 Fifth Avenue as the tallest building in the neighborhood. Local preservationists objected to the planned height, as well as to the fact that two five-story buildings that had been home to a number of luminaries, inventor Isaac Singer and actress Celeste Holm among them, would be demolished to make way for thew new tower. However, the planned building's height shrunk over the course of multiple Landmarks hearings, and a 213-foot-tall building was ultimately approved in May 2021.

The previous buildings have been demolished, but construction on the new one is currently paused. The New York Post reports that work on the site has undermined the structure of the nearby 10 Fifth Avenue to a point where cracks are forming in the facade and it is not safe for the residents to stay there.
Greenwich Village condos 16 Fifth Avenue, May 2023 (CityRealty)

Developed by Bsafal and Argo Real Estate | Design by Kohn Pedersen Fox
11 stories | 28 units

64-University-Place-01 64 University Place (Douglas Elliman)
Up the street from the delayed 16 Fifth Avenue, it is a much happier story at 64 University Place: A teaser site is live; the building was an On the Boards finalist at the NYCxDESIGN Awards last week; and construction topped out earlier this spring. The building's shape and height are already apparent, and the first hints of the arched windows seen in renderings can be made out through the netting. Next to go up are the brick facade and tiered gardens. Upon completion, it will offer a diverse selection of layouts as well as amenities like an attended lobby and state-of-the-art gym.

However, preservationists were none too happy about this condo, either. At 125 feet tall, 64 University Place is the tallest building on its block. Moreover, Village Preservation lobbied for the protection of the four-story office building previously on the site because influential publisher Grove Press completed successful legal challenges on behalf of Lady Chatterley’s Lover and Tropic of Cancer while they were working in the building.
Village condos 64 University Place, May 2023 (CityRealty)

Waverly Mews, #2B (Brown Harris Stevens Residential Sales LLC)

24 Fifth Avenue, #416 (Compass)

211 Thompson Street, #PHH (Keller Williams NYC)

184 Thompson Street, #6K (Corcoran Group)

35 East 10th Street, #4H (Douglas Elliman Real Estate)

45 Christopher Street, #3F (Compass)

The Bakery Building, #4BC (Corcoran Group)

33 Fifth Avenue, #3C (Brown Harris Stevens Residential Sales LLC)

Downing Court, #6B (Wohlfarth & Associates Inc)

Brevoort East, #19C (Compass)

Ardea, #3E (Sothebys International Realty)

Village Condominium, #4 (Serhant LLC)

The Cambridge House, #PHB (Brown Harris Stevens Residential Sales LLC)

Bleecker Court, #PH1414 (Compass)

50 East 10th Street, #8GH (Brown Harris Stevens Residential Sales LLC)

The Greenwich Lane, #14A (Douglas Elliman Real Estate)
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