The Real Deal New York

A look at Billy Macklowe’s condo project on Bowlmor site

Prices at the 52-unit building to start at $2.4M

March 17, 2016 02:32PM

renderings21E12

Renderings of 21E12 in the East Village (via Curbed)

Now that Bowlmor is no more, it’s full steam ahead for developer Billy Macklowe’s 52-unit, 23-story East Village condominium building. The developer has released new renderings and apartment pricing for the project.

Architect Annabelle Selldorf designed the 122,000-square-foot building, located at 21 East 12th Street.

One-bedroom condos start at $2.4 million with two-bedroom pads beginning at nearly $4 million, Curbed first reported. Three-bedrooms will go for $5.5 million or more and four-bedrooms start off at $8.3 million. Penthouses and townhouses range from $10.5 million to upwards of $15 million.

Sales are expected to launch in the next couple months, according to Curbed.

Macklowe, founder of the William Macklowe Company, secured a $124 million construction loan for the project in November. He purchased the long-term controlling position of the building in 2012, paying $22.5 million between two transactions. According to reports, he bought the ground lease at the site as well.

The building is slated to have 108,000 square feet of residential space, with about 14,000 square feet at the base for retail and a community facility.

The four-story, 75,000-square-foot building that housed Bowlmor Lanes has been demolished. [Curbed]Dusica Sue Malesevic

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