The buyer of a penthouse at 160 Leroy, which went under contract for $43 million, is being sold to Michael Rubin, co-owner of the Philadelphia 76ers and CEO of Kinetic. When it closes the sale will be the most expensive sale south of 14th street, although it will be surpassed soon after by an under contract penthouse at 70 Vestry which was asking $65 million.
Read MoreLook Inside Ian Schrager’s Public Hotel Which Recently Opened on the Lower East Side
Ian Schrager’s new Public Hotel at 215 Chrystie Streetaims to offer 5-star luxury without the steep price-tag. Public Hotel rises 28-stories and was designed by legendary starchitect Herzog & de Meuron. The hotel features 370 hotel rooms which start at $150 per night and 11 condo residences. Rooms feature modern amenities such as an iPad which is used for check-in, check-out and services as well as an Apple TV. The hotel also features 2 restaurants by chef Jean-Georges Vongerichten named PUBLIC Kitchen and Louis, which is a marketplace concept; as well as 3 bars named Diego, The Roof and The Lobby Bar. The project was developed in a partnership between the Ian Schrager Companies and Steve Witkoff, who refinanced the property with a $173 million loan from Starwood Capital Group in June 2017.
Public Hotel has not been shy in creating controversy among opening. Lower East Side residents that live adjacent to the hotel are upset that they can see guests having sex through its oversized windows. The hotel has received over 50 noise complaints since opening but due to the acts being within the privacy of the residents own rooms there is nothing anyone can legally do.
Penthouse South at Ian Schrager's 160 Leroy Under Contract, Was Asking $31.5 Million
The second most expensive unit at 160 Leroy has gone under contract. Penthouse South is 4 bedrooms and 4.5 bathrooms spread over 4,849 SF which was originally asking $31.5 million. The unit also features 2,600 SF of outdoor space complete with a summer kitchen and 12 foot ceilings with floor-to-ceiling glass. The 5 bedroom Penthouse North is still listed for $48.5 million. 160 Leroy Street rises 185 feet and will feature 57 residential condominium units, covering 184,934 SF. The units range from 1 to 6 bedrooms including a 6-bedroom penthouse that covers the entire 12th floor and features 12,000 SF of interior space and 7,500 SF of outdoor space. The ground floor has an 830 SF retail unit. Amenities include a private courtyard and garden by landscape designer Madison Cox, full-time concierge, 24-hour doorman and porter, onsite resident manager, 70' pool and whirlpool spa with floor-to-ceiling glass, state-of-the-art fitness center, yoga studio, steam room and sauna, private massage rooms, recreation lounge and parking spaces availible for purchase. 160 Leroy Street is being developed by Ian Schrager Company and was designed by Herzog & de Meuron with Madison Cox Associates as the landscape architect. Completion is estimated by end of year 2017.
Construction Update: 160 Leroy Street Nears Completion, Glass Façade Installed
160 Leroy Street in the West Village is nearing completion as installation of the glass façade has reached the top, 12th floor. 160 Leroy Street rises 185 feet and will feature 57 residential condominium units, covering 184,934 SF. The units range from 1 to 6 bedrooms including a 6-bedroom penthouse that covers the entire 12th floor and features 12,000 SF of interior space and 7,500 SF of outdoor space. The ground floor has an 830 SF retail unit. 160 Leroy Street is being developed by Ian Schrager Company and was designed by Herzog & de Meuron with Madison Cox Associates as the landscape architect. Completion is estimated by end of year 2017.
5 Bedroom Penthouse North Asking $48.5 Million in Ian Schrager's 50% Sold 160 Leroy Street
A new listing has hit the market at Ian Schrager's 160 Leroy Street in the West Village. The 7,750 SF penthouse is spread over 5 bedrooms and 5 bathrooms and is listed for $48.5 million, making it currently the most expensive listing in the West Village. The unit also includes a private outdoor pool and 4 wood-burning fireplaces. It is listed with Madeline Hult Elghanayan, Lauren Muss, Kirk Rundhaug and Dennis Mangone of Douglas Elliman. 160 Leroy is reportedly 50% sold and another penthouse unit is expected to ask between $75 and $80 million. The waterfront building was designed by Pritzker Prize winning architects Herzog & de Meuron, inspired by Brazilian architect Oscar Niemeyer's philosophy:
"I am not attracted to straight angles or to the straight line, hard and inflexible, created by man. I am attracted to free-flowing, sensual curves. The curves that I find in the mountains of my country, in the sinuousness of its rivers, in the waves of the ocean, and on the body of the beloved woman. Curves make up the entire Universe." - Oscar Niemeyer
160 Leroy will feature 57 condo units that were designed for modern lifestyles with open floor-plans with family life in mind. Units will feature panoramic views of the Hudson River, Freedom Tower and George Washington Bridge with tons of wall space for art collectors to display their collections. Residences will also feature private elevators, 11-foot to 13-foot ceilings and floor-to-ceiling glass to maximize light.
"The only thing that mattered to me was to turn a residential apartment into a real home. I sought to capture the details of life in the details of the architecture," says Schrager.
Amenities include a private courtyard and garden by landscape designer Madison Cox, full-time concierge, 24-hour doorman and porter, onsite resident manager, 70' pool and whirlpool spa with floor-to-ceiling glass, state-of-the-art fitness center, yoga studio, steam room and sauna, private massage rooms, recreation lounge and parking spaces availible for purchase.