From left: 211 East 13th Street, Jacqueline Urgo, president at Marketing Directors and developer Charles Blaichman

The group of developers building an 82-unit condominium building at 211 East 13th Street has hired Jacqueline Urgo, president of the Marketing Directors, to promote the property, which is slated for groundbreaking this summer.

The project, which will occupy a vacant site between Second and Third avenues, is being developed by Ironstate Development, Charles Blaichman, and Abram Shnay and his son, Scott Shnay. They are anticipating completing the project by late 2013. [more]

Ari LeFauve, vice president of MNS, and 123 Third Avenue

With so little new development in the East Village, the few units of luxury condominiums that hit the market sell fast and for high prices, the New York Post reported.

For example, Orange Management, which developed the 48-unit 123 Third Avenue at 14th Street, sold every unit in about a year, excepting four penthouses priced between $3.6 million and $4.525 million ($1,800 to $2,000 per square foot). And developers aren’t the only ones trying to capitalize on a shortage of luxury with high asking prices, the Post said, as John Legend is asking $2.95 million for his 1,359-square-foot two-bedroom unit at 52 East Fourth Street. [more]