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Landmark building at 21 Astor Place to be turned into condos.


Since it opened in 1892, the Romanesque Revival-styled landmarked building at 21 Astor Place in Greenwich Village Greenwich Village (grĕn`ĭch), residential district of lower Manhattan, New York City, extending S from 14th St. to Houston St. and W from Washington Square to the Hudson River. , between Lafayette Street and Broadway, has served countless commercial uses, from its original beginnings as the home of the Mercantile Library Mercantile Library may refer to any of several United States libraries:
  • Mercantile Library of New York City, 1820, New York City, New York[1][2]
  • Boston Mercantile Library Association, ~1830s, Boston, Massachusetts[3]
 to its flirtation with dot-corn companies at the start of the new millennium.

Now, a decade into its third century, 21 Astor Place, with its distinctive and highly recognizable reddish brick and terra cotta cot·ta  
n. pl. cot·tae or cot·tas
A short surplice.



[Medieval Latin, of Germanic origin.]
 facade, is beginning anew...as one of the city's most eagerly anticipated new luxury residential condominium condominium

In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common.
 towers.

Acquired last summer by New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 developer, The Elad Group El Ad Group (El Ad US Holding, Inc.) is a real estate development conglomerate based in Israel. Among its subsidiaries is New York City-based El Ad Properties, which owns several landmark properties in that city and in May 2007 purchased the New Frontier Hotel and Casino in Las , the 11-story building's ambitious makeover is proceeding quickly. Construction of residences and common areas are currently on schedule for a September move-in; the building's offering plan has been accepted for filing; and sales are now underway for 50 spectacular condominium homes, 25 of which will have different layouts. "This is truly a one-of-a-kind property," asserted Dana Pecorella, president of Cantor Pecorella Inc., sales and marketing agent for 21 Astor Place, who noted that 39 of the building's 50 units will contain one or two bedrooms, including ten duplex layouts. These homes, which start at $950,000, contain between 1,187 and 2,182 SF of living space.

The larger residences at 21 Astor Place consist of eight 3-bedroom simplex units, including one full floor penthouse; a three bedroom 3,623-SF duplex home and a 4,275-SF four bedroom duplex. Prices of the three-bedroom and up residences range from $1 .495 million to $3.25 million. The building's top floor, which contains 7,278 SF of open space and a 3,094-SF wrap around terrace, will be sold raw and is being priced at $8.5 million.

Many of 21 Astor Place's residences will have home offices, original exposed brick walls, fireplaces, and arched windows. Other finishes include extra wide oak wood flooring Wood flooring is a type of flooring made from the timber of hardwoods, or of spruce or hard pine. There are two basic manufactured types of hardwood. Wood flooring comes unfinished, and once installed is sanded, then finished on site.  throughout, and finely appointed kitchens, with Viking and Bosch appliances and Poggenpohl marsh wood cabinetry cab·i·net·ry  
n.
Cabinetwork: finely detailed cabinetry.

Noun 1. cabinetry - the craft of making furniture (especially furniture of high quality)
cabinetwork
, and bathrooms with "Sicis" mosaic tiled walls and Neptune spa tubs.

H. Thomas O'Hara is architect of record for 21 Astor Place. Architect Gal Nauer of Nauer Rubenstein, designed the layouts and finishes for the residences. An onsite sales office on the building's 6th floor is open from 10 a.m. to 6 p.m. Model suites are expected to be ready. for showing in April.
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Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Publication:Real Estate Weekly
Geographic Code:1USA
Date:Apr 16, 2003
Words:392
Previous Article:Skanska USA to acquire BFW.(Skanska USA Building Inc. buys shares in BFW Construction Company Ltd.)(Brief Article)
Next Article:First issue of 'The Downtown Report' out.(from Alliance for Downtown New York)
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