The West Village has always been known for its historic townhouses, but new construction has been making a statement over the past few years. Developer Property Markets Group seeks to bring the best of both worlds to 111 Leroy Street, a 10-story condominium with five adjoining townhouses where sales have just launched. The brick facade by Workshop/APD pays homage to the neighborhood's history, but the fenestration patterns add a contemporary touch.
An accepted offering plan lists a whopping $76.95 million sellout, and the first listings show the building on the way to meet it: Two-bedrooms start at $5.1 million, three-bedrooms start at $7.75 million, and four-bedrooms start at $9.95 million. According to CityRealty data, 111 Leroy Street's average price of $2,837 per square foot is well above the West Village average of $2,282 per square foot.
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This stretch of New York on the cusp of the West Village and Soho has long been a quiet area, but it won't stay that way for much longer. Around the corner from 111 Leroy Street, available apartments in the handsome condo conversion known as The Printing House start at $2.295 million. Two blocks away, 160 Leroy Street is a gleaming glass condominium co-developed by Ian Schrager, designed by Pritzker Prize laureates Herzog & de Meuron, and home to units starting at $2.295 million. And as a new campus known as Google Hudson Square is underway, so too is a spate of new residential development.
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