Tribeca's newest arrival is a classic.

Walker 51 LLC announced the beginning of construction on Tribeca's newest luxury condominium residence--51 Walker Street.

The 9-story, 33,215 s/f project, located on an intimate street of historic cast iron mercantile buildings, is the latest development project by Hunter Lipton and Edmond Li, founding partners of Liton Partners, LLC. The exclusive property will feature the latest in sophisticated loft living, offering 15 spectacular two and three bedroom units with

10' 4" high ceilings and large floor to ceiling windows. 51 Walker Street is a project of distinctive architectural design with sophisticated and graciously proportioned homes designed for downtown living. Cetra/Ruddy Incorporated, the award-winning architecture and interior design firm, is the project architect.

"51 Walker caters to buyers with discriminating taste," said Lipton. "In forming Liton Partners, Edmond and I committed to raising the bar for high-end design and luxury comforts in each of our projects. We understand what today's buyers are looking for and we plan on exceeding all expectations."

Since marketing of the property began on April 1, over 75% of the units are already under contract. Occupancy is slated for March 2006. Veracity Real Estate Management Inc. is the exclusive agent for the property.