The Real Deal New York

Sherwood reveals 500 West 21st Street renderings

February 05, 2014 03:13PM

Renderings of 500 West 21st Street

Renderings of 500 West 21st Street

The long-stalled residential condominium project at High Line-adjacent 500 West 21st Street is gathering steam — the property’s teaser site appeared Wednesday.

The luxury building, now officially dubbed 500W21, is to include 32 condominiums with interiors designed by Mark Zeff and a sustainable 40-foot climbing garden that will shield the building’s occupants from High Line strollers. Building amenities will include a 24-hour concierge, live-in resident manager, cold storage and a 2,000-square-foot fitness center, according to the official website.

There is still no word on when exactly sales will launch, but units are expected to be priced at over $2,500 per square foot, according to previous reports.

Sherwood Equities, who broke ground on 500W21 in May of 2013, purchased the property in 2010 for $23.5 million after an investment group led by hotelier Andre Balazs and developer Charles Blaichman defaulted on the mortgage. The duo had originally planned to turn the property into a time-share hotel when they bought it in 2007, for $50 million. [Curbed]Julie Strickland

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