Work starts on eye-catching Oculus.Manhattan-based developer Alchemy alchemy (ăl`kəmē), ancient art of obscure origin that sought to transform base metals (e.g., lead) into silver and gold; forerunner of the science of chemistry. Properties announced the groundbreaking of its newest luxury residential building, The Oculus oculus (Latin: “eye”) In architecture, any of several elements resembling an eye, such as a round or oval window or the round opening at the top of some domes (see Pantheon). 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. , located at 50 West 15th St., between Fifth and Sixth avenues at the nexus of Chelsea, Union Square, the Flatiron District and 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. . Designed by FxFowle Architects and named after the eye-catching oculus in Rome's Pantheon, Oculus' most prominent feature will be its unique terra-cotta facade, a rebirth of the material distinct from the now commonplace all-glass "see-through" facades. Terra Cotta cot·ta n. pl. cot·tae or cot·tas A short surplice. [Medieval Latin, of Germanic origin.] , literally meaning "baked Earth," was widely used for buildings in Italy during the Renaissance for its versatility and elegance. When completed in 2007, Oculus will contain 47 studio-, one-, two-, and three-bedroom residences priced from $680,000 to $2,770,000 and ranging in size from 624 square feet to 2,442 square feet. "The Oculus Condominium will not only be a wonderful addition to one of New York's most desirable neighborhoods, but also a luxurious, state-of the-art residence for buyers that appreciate value and design," said Kenneth S. Horn, president of Alchemy Properties. |
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