Plush Tribeca Pads at 45 Park Place Launch Sales

By CityRealty Staff | From Future New York Friday, June 2, 2017

45 Park Place exterior; Williams New York

Sales have officially begun on SoHo Properties' long-planned condo-tower rising from the junction of Tribeca and the Financial District. Known as 45 Park Place, the 43-story building will hold 50 for-sale residences crafted by Italian designer Piero Lissoni. The building itself is being designed by Michel Abboud’s SOMA Architects and will flaunt a streamlined glass enclosure that will top off at 665 feet high.

The apartments will be divided between loft, tower and duplex residences where one-bedrooms will start at $1.92M, two-bedrooms for $3.725M, three-bedrooms for $4.595M and four-bedrooms for $10.5M. The 5 newly-listed apartments are all large 2-, 3- and 4-bedrooms priced between $3.725M and $12.3M and they average $3,077 per square foot.

One listed home is Residence #34, a full-floor 4-bedroom that will be accessed via private key locked elevators. Upon entering, residents will be greeted by a stunning north-facing view of the Manhattan skyline. A light-filled gallery will lead into a 37-foot-long great room with three exposures of floor-to-ceiling windows. The unit’s private areas will be located along the south and eastern areas of the plan and bedrooms will offer views of the Oculus, the Woolworth Building and the East and Hudson rivers.

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Generally, the residences will grow larger in size as they ascend up the building. A varying range of finishes will be provided throughout. For many units, kitchens will have Boffi full-height white lacquer cabinetry, Corian kitchen islands, and Gaggenau appliances. Some units will be enhanced by a generously-proportioned butler's pantry that come with an additional sink and dishwasher. The yet-to-be-listed duplex penthouses will feature custom-designed Lissoni sculptural staircases and master bathrooms with walls clad in Italian textured Pietra d’Avola raw limestone.

Floor plan of Residence #34 priced at $12.3M; Stribling

A look into a corner master bedroom at 45 Park Place

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While the tower’s marketed Tribeca location is up for debate, the building will have some of the tallest residences in the area, granting residents far-reaching views that most of the neighborhood’s lower loft buildings cannot provide. With the continued addition of “view buildings” in the area, such as 100 Barclay, 30 Park Place and the Woolworth Tower Residences, average prices in Tribeca are continuing their march upward. Per our sales data, the average closing price of a Tribeca condo stands at $2,472 per square foot, more than double their average in 2010.

45 Park Place is expected to open in 2019. In addition to the condos, the development will offer a three-story Islamic museum and public plaza designed by Jean Nouvel that will be an admirable addition to the city’s public realm.

Tribeca condo closing prices throughout time; CityRealty

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