Developer Joseph Moinian is planning to combine the top two residential floors of the W New York Downtown Hotel and Residences into one 12,000-square-foot duplex penthouse priced at $40 million, the New York Times reported.
By pooling 12 units on the 55th and 56th floors of the hotel at 123 Washington Street, he hopes to capitalize on the trophy apartment trend. The home comes with a $2 million credit toward construction and design. Moinian intends for this to help with marketing and selling the remaining 80 units in the building, the Times said. [more]