Transactions - MARCH 15, 2017

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$600m luxury condo tower to be developed in Manhattan

by Andrea Waitrovich

The Lightstone Group is developing a 50-story hotel and condo tower at 130 William St. in Manhattan’s Financial District. Construction has commenced already on the project, which likely will be completed by fall 2019 and will cost about $600 million to build. Once completed, the building will be one of the tallest in Lower Manhattan.

The 800-foot skyscraper will include 188 residential units, starting on the 19th floor, with six units on each level up through the 49th floor and the 34th floor set aside for residential amenities, including a wine cellar, pet spa, pool, sauna and massage room, fitness center, basketball court, yoga studio, lounge and game room, screening room, children’s play area, and a rooftop observatory terrace. In total, the 188 units would comprise more than 236,000 square feet of residential space, for an average unit size of more than 1,250 square feet. A penthouse will occupy the 50th floor.

Hotel and retail space will total approximately 1

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