The Real Deal New York

Toll Brothers plans 19-story Flatiron building

Developer bought West 17th Street property in October for $68.5M

April 22, 2014 11:30AM

  • Print
55-w-17th

David Von Spreckelsen and 55 West 17th Street

Toll Brothers City Living filed plans yesterday for its 91,700-square-foot, 55-unit development at 55 West 17th Street.

The developer paid $68.5 million for the site, which housed a six-story, 54,000-square-foot mixed-use office and retail property, in October, as The Real Deal reported. The new 19-story building would hold 5,230 square feet of ground-floor retail and apartments averaging 1,600 square feet. The sole penthouse unit would occupy the top two floors.

Morris Adjmi is serving as the architect of record, according to building permits cited by New York Yimby. Demolition permits for the existing property were approved in February.

Aaron Jungreis’ Rosewood Realty Group marketed the site, which had been asking $75 million. [New York Yimby]Mark Maurer

  • nicetry

    I don’t understand the price. Is Shvo the CEO of Toll now?

MENU