First sales close at 20 Pine

The first sales have closed at 20 Pine Street, according to city records, a full two years after the sales office opened at the project, which is marketed by Michael Shvo. Christopher Beaudet, a managing director at Deutsche Bank, bought unit 2706 for $1.32 million. Unit 2505 went for $1.26 million, unit 2905 sold for $795,000, unit 2901 sold for $2.70 million and unit 2604 sold for $1.35 million. Speculation has swirled around whether the office conversion, designed by Armani Casa, has suffered from a lack of potential buyers or construction delays. TRD