Closings have begun at 41 Bond Street, DDG Partners’ seven-unit condominium building in Noho that quickly sold out after hitting the market in June, Joe McMillan, CEO of DDG, told The Real Deal today.

The first unit to close, a second-floor pad, sold for $5.5 million, or $2,100 per square foot, according to public records filed with the city today. All in all, apartments in the building will close for an average of $2,500 per square foot, McMillan said. A second unit has already closed, but not yet appeared in city records, and two more are scheduled to close soon, McMillan said.

“We always anticipated the building would sell very well,” McMillan said. [more]

Renderings of the GF55 Partners-designed residential tower, slated for 260 West 26th Street, have finally emerged, Curbed reported. The mystery 11-story condominium project by private developers Robert Ezrapour and Eytan Benjamin follows the demolition of three buildings at the site on the southeast corner of 26th Street and Eighth Avenue this summer. It will have one level of retail and one level of parking, a tipster told Curbed. GF55 Partners is the architect of BOS Development’s 88 Morningside, Ekstein Development’s +aRt at 540 West 28th Street and 48 Bond Street by Gold Development. The West 26th Street building is expected to be completed by 2014. [Curbed]

77 Reade Street

The diminutive stretch of Manhattan known as Bond Street has seen some feverish development over the past few years, including Deborah Berke’s 48 Bond Street and Herzog & de Meuron’s 40 Bond Street, developed by Ian Schrager. And yet, the best building on the block is 25 Bond Street, by a somewhat less well-known firm, BKSK Architects. The virtues of their design, its energy and its classical calm, are in evidence in one of their newest projects, at 77 Reade Street, developed in the Tribeca South Historic District by S. Myles Group and Harshad Lakhani. [more]

The CEO of DDG Partners, Joe McMillan, at 41 Bond Street, which is under construction.

From the January issue: A development team on Bond Street is placing a $34 million bet on the market.
The savvy new investment partnership is making the risky gamble
that by the time they are ready to sell, the condo units they are
building at 41 Bond Street will fetch at least around what comparable
apartments did at the top of the market in 2007. In one of the few high-profile land acquisitions of the downturn,
in September, DDG Partners bought the vacant land on which the firm is
now erecting a nine-story condo, for just over $9 million. The firm is
planning to spend approximately $25 million more on construction,
according to Joe McMillan, the CEO of DDG.
The project will add to the string of boutique buildings already
lining the street, including its most high-profile condo, 40 Bond
Street by Ian Schrager, along with the Deborah Berke-designed 48 Bond
and the stone-and-glass 25 Bond. more

[more]