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Millenium Tower sales off to a brisk start.


A partnership which includes Zeckendorf Realty, L.P. and Sumitomo Real Estate Sales, Inc. recently celebrated the opening of the first newly-constructed, high-rise 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.
 units in Manhattan in nealy four years. Initial sales at Millennium Towers Millennium Tower might refer to one of the following buildings:
  • Jahrtausendturm, aka the Millennium Tower, in Magdeburg, Germany
  • London Millennium Tower
  • Tour du MillĂ©naire in Belgium
 have been brisk to say the least, signalling a new vigor in the Manhattan condominium market.

Since previews began in late August, a total of 45 of the 83 available units have been snapped up for a combined $37.8 million in sales.

Millennium Tower at the Lincoln Square Lincoln Square may mean:
  • Lincoln Square, Chicago
  • Lincoln Square, New York
  • Lincoln Square (Shopping Mall)
 Condominium is located on floors 46 to 56 of the 56-story Lincoln Square building. Situated at 101 West 67th Street and occupying an entire city block bounded by 68th Street, Columbus Avenue and Broadway in the heart of the Lincoln Center Lincoln Center

New York’s modern theater complex. [Am. Hist.: NCE, 1586]

See : Theater
 area, Millennium Tower is a separate residential community within Lincoln Square, with its own private entrance, lobby and elevators, and serviced by its own doormen and 24-hour concierge.

Three NY-based architectural firms An architectural firm is a company which employs one or more licensed architects and practices the profession of architecture. History
Architects (master builders) have existed since early in recorded history. The earliest recorded architects include Imhotep (c.
 participated in the construction: Kohn Pederson Fox Associates, Schuman Lichtenstein Clamon Effron, and Frank Williams Sir Francis Owen Garbatt Williams CBE (b. April 16, 1942) is founder and manager of the WilliamsF1 Formula One racing team.

Born in Jarrow, Tyne and Wear, England, to an RAF officer and a special education teacher and later headmistress, Williams was largely brought up by
 & Associates. Millennium Tower represents approximately $44.5 million of Lincoln Square Condominium's $235 million estimated cost.

Millennium Tower consists of 83 luxury condominium units with unobstructed Central Park, river and city views. Due to recent zoning law changes, Millennium Tower may be the last newly-built building in Manhattan to boast such stunning, private views. A spectacular lobby, elegant elevator cabs, rich finishes and spaciously dimensioned units also distinguish the property.

"Breathtaking," said William L. Zeckendorf, executive vice president at Zeckendorf Realty, L.P, commenting on the views from Millennium Tower. "Millennium Tower's panoramic vistas, handsome finishes and prestigious location is perfect for home buyers in need of exclusivity and elegance. Sales have been remarkably vibrant to date, with sales strong across the board, which is always a good sign."

Millennium Tower offers a broad choice of home designs, with no more than eight homes per floor. Three and four-bedroom penthouse penthouse

Enclosed area on top of a building. A penthouse can be an apartment on the roof or top floor of a building or a structure on the roof housing the top of an elevator shaft, air-conditioning equipment, or stairs leading to the roof.
 units range in size from 2,400 to 3,400 square feet; corner two-bedrooms go up to 1,530 square feet; and one-bedrooms start at 780 square feet. A limited number of combination apartments are still available. Units range in price from $373,000 for a one-bedroom to $3.25 million for the combination penthouse.

"We haven't even begun advertising it yet, but word of mouth has spread quickly," commented Zeckendorf on the unusually vibrant sales pace at Millenium Tower. "Sumitomo has done a superb job in Japan and the Far East, and has done very well here as well."

According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 Zeckendorf, buyers reflect a balance of Americans and foreigners Foreigners

alienage

the condition of being an alien.

androlepsy

Law. the seizure of foreign subjects to enforce a claim for justice or other right against their nation.

gypsyologist, gipsyologist

Rare.
, with particular interest coming from Europe and the Far East. Zeckendorf Realty's relationship with Sumitomo Real Estate Sale dates back to 1987 and includes a string of success stories.

Millennium Tower, by design, is a separate and distinct residential community within Lincoln Square, which broke ground 2 years ago, providing residents with extraordinary privacy. Situated on a tree-lined street, the Tower has its own private entrance, lobby and elevators. It is also serviced by its own doormen and 24-hour concierge. Zeckendorf Realty is the exclusive sales agent for the property and will also manage the Tower portion.

The Tower is expected to be especially popular due to the increased demand for luxury condominium living in Manhattan. Condominium sales soared 20.7 percent in 1993 over 1992, according to researcher Yale Robbins Inc. After years of declining prices, Zeckendorf said the market has seen 3 price increases in the last six weeks. Also, due to zoning laws changes and space constraints, Millennium Tower may also be one of the last newly-built condominiums in New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
 to exceed 45 stories.

"Millennium Tower offers residents superb, modern accommodations, with some of the most breathtaking and unobstructed views of Manhattan and beyond," said Zeckendorf. "It's world-class living in a world-class city."

At the base of Millennium Tower, residents will be able to enjoy a remarkable 140,000 square-foot gym equipped with a 25-yard swimming pool, 3-story rock-climbing wall, and a unique interactive sports center that simulates golf, skiing, kayaking Kayaking is the use of a kayak for moving across water. Kayaking is differentiated from canoeing by the fact that a kayak has a closed cockpit and a canoe has an open cockpit. They also use a two bladed paddle. Another major difference is in the way the paddler sits in the boat. , wind surfing, sculling sculling: see rowing. , boxing, and many other popular sports.
COPYRIGHT 1994 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1994, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Author:Gerard, Eric R.
Publication:Real Estate Weekly
Date:Oct 19, 1994
Words:689
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