The Real Deal New York

Aby Rosen’s RFR plans $763M condo offering at 100 East 53rd

Foster + Partners-designed project will have two duplex penthouses, restaurant

March 27, 2015 03:40PM
By E.B. Solomont

From left: Aby Rosen and a rendering of 100 East 53rd Street

From left: Aby Rosen and a rendering of 100 East 53rd Street (Credit: Foster + Partners)

Aby Rosen’s long-stalled condominium development at 100 East 53rd Street will have 99 units, for a total sellout of more than $750 million, according to plans filed with the Attorney General’s office. The Norman Foster-designed tower, slated to rise 61 stories, will also have two duplex apartments that will take up two full floors each, according to the most recent plans filed with the city’s Department of Buildings.

RFR plans to have a restaurant on the first and second floors of the tower, which is adjacent to Rosen’s iconic Seagram Building.

100 East 53rd will have a lounge and library on the third floor, as well as a swimming pool, gym and yoga studio on the fourth floor. Floors five through nine will have three apartments each, and floors 12 through 21, as well as floors 23 through 38, will have two apartments each.

The duplex condos are on floors 10 and 11 and on floors 58 and 59. Compass will market the units and SLCE is the architect of record.

The project’s been in the works for a long time. In 2007, RFR borrowed $144.2 million with the intention to build a hotel-condo project, but the development stalled during the credit crisis. In 2012, RFR subsequently borrowed a $144 million loan against the site to get it back on track.

Last year, RFR brought Hines and China Vanke, the largest publicly traded developer in China, on board as partners. Earlier this month, Chinese bank China Cinda closed on the acquisition of a majority stake in the project for $140.5 million.

The developers broke ground on the project in February 2014.

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