search

The Real Deal Logo

Trending

Musklandia: Tesla divorces gigafactory land from city of AustinMusklandia: Tesla divorces gigafactory land from city of AustinHousing deal finally passes; here are the detailsHousing deal finally passes; here are the detailsLawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aHow $20M in South Side flips got fumbled into foreclosureHow $20M in South Side flips got fumbled into foreclosure
New York

Long-delayed Murray Hill condo tower set to launch sales

Model residences at 325 Lexington will open this fall; building under construction since 2008

From left: 325 Lexington rendering and teaser website image
From left: 325 Lexington rendering and teaser website image

The 33-story condo tower at 325 Lexington Avenue that has been under construction intermittently since 2008 is finally set to launch sales this fall.

A teaser website has launched for the condo building, which is located in Murray Hill between East 38th and 39th streets and houses 123 units and 2 penthouses. It advertises the imminent opening of on-site model residences. Construction restarted in December 2012 following a four-year halt.

Sign Up for the undefined Newsletter

Carmel Partners and Times Square Construction & Development have not yet released pricing information, but Curbed reported that the median price for a one-bedroom condo in Murray Hill is $1.087 million.

Architecture firm H. Thomas O’Harra designed the cantilevered building after the developer dropped Studio Dror. [Curbed] — Tom DiChristopher

Tags
Carmel PartnersCondo MarketMurray Hill