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Meier building debuts in Greenwich Village.


Two of Manhattan's leading hospitality developers, Richard Born and Ira Drukier, along with downtown developer Charles Blaichman, are bringing acclaimed architect Richard Meier's Modernist signature to the Manhattan skyline.

The luxury 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.
 residence, 173/176 Perry Street, is comprised of two 15-story towers overlooking the Hudson River Hudson River

River, New York, U.S. Originating in the Adirondack Mountains and flowing for about 315 mi (507 km) to New York City, it was named for Henry Hudson, who explored it in 1609. Dutch settlement of the Hudson valley began in 1629.
 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.  with 28 full-floor apartments of approximately 2,000 to 4,000 square feet. The Sunshine Group Ltd. is the exclusive marketing and sales agent for the property.

Financed through Boston's Fleet Bank, the project breaks ground in mid-June with completion set for late 2001. The contractor is 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
 City-based Gotham Construction. With its glass curtainwall facade, the buildings will feature advanced telecommunications capabilities, perimeter radiant heat heat proceeding in right lines, or directly from the heated body, after the manner of light, in distinction from heat conducted or carried by intervening media.

See also: Radiant
 and air conditioning air conditioning, mechanical process for controlling the humidity, temperature, cleanliness, and circulation of air in buildings and rooms. Indoor air is conditioned and regulated to maintain the temperature-humidity ratio that is most comfortable and healthful. , and insulated and acoustical clear glass. The mechanical cores are located on the east facades of the buildings allowing for unobstructed western views.

"One of the hallmarks of this building, besides the sheer brilliance of Richard Meier's design, is that it will be constructed like a modern office building with only the highest quality materials, superior mechanical engineering and an uncommon attention to the details and grade of construction," explained Born. "The caliber of design and construction allows us to create the breathtaking glass curtainwall for spectacular views. It also adds luxury comforts to a design that essentially feels like an open loft building." Exclusive Sales and Marketing

The exclusive sales and marketing agent for the property is The Sunshine Group, Ltd., one of the nation's premier marketing, leasing and sales organizations for luxury residential condominium properties and condominium hotels. Founded by Louise M. Sunshine in 1986, the firm is recognized internationally for its unique understanding of the residential marketplace and for its ability to create value for developers, investors and homeowners.

"173/176 Perry Street is an architectural landmark designed by one of the most important architects of this century. As such, the intrinsic value Intrinsic Value

1. The value of a company or an asset based on an underlying perception of the value.

2. For call options, this is the difference between the underlying stock's price and the strike price.
 of these apartments will appreciate and the building will be regarded as a consummate example of Richard Meier's work," said Sunshine.
COPYRIGHT 2000 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, 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
Article Type:Brief Article
Geographic Code:1U2NY
Date:Jul 12, 2000
Words:337
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