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New York

Equity tops out 500 W. 23rd Street rental

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From left: Equity’s Frank Fumosa, Robert Piazza, Megumi Brod,  Richard Boales, Mark Tennison and a rendering of 500 West 23rd Street

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A new rental development at 500 West 23rd Street has celebrated its topping off, developer Equity Residential announced today. Equity Group chairman Sam Zell purchased the building site from from developer Shaya Boymelgreen a year ago after construction stalled. It was not immediately clear how much Zell paid for the project, which sits near 10th Avenue, adjacent to the High Line. Although the rental prices haven’t yet been determined, Equity said it will offer studio units, along with one-, two- and three-bedroom homes. They did not indicate when marketing will begin. TRD

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Equity GroupEquity ResidentialSam Zell