The Real Deal New York

New development pushes Soho’s residential boundaries

10 Sullivan Street is introducing housing to nabe’s commercial frontiers

November 29, 2014 05:00PM

10 Sullivan Street

Renderings of 10 Sullivan Street and the penthouse

A new high-end development, boasting a $45 million penthouse, is redefining Soho’s residential boundaries.

10 Sullivan Street, a 16-story elliptical tower rising along the Sixth Avenue, is pushing the western edge of Soho into an area that has few of the high-end shops typical of the neighborhood. The area didn’t have much of a residential profile either, according to the New York Times.

“Because the site was zoned commercially, we had to do a lot of work on it,” Robert Gladstone, CEO of Madison Equities, which is developing the tower along with the Property Markets Group, told the Times. “We went to the city’s Board of Standards and Appeals to ask for a residential zoning change, and given the hardship of the site’s shape and remediation and some other factors, we worked on the design to help compel a positive decision.”

When completed in 2015, the tower features 21 residences, ranging in price from $2.45 million for a one-bedroom to $45 million for a 8,360-square-foot triplex penthouse with a private pool and rooftop. [NYT] Christopher Cameron

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