Two Trees snags $364M for Domino Sugar resi project
The Mercedes House, a 29-story rental building at 555 West 53rd Street, is opening 222 of its 900-plus units for rent beginning this Sunday. Two Trees Management developed the building, the Brooklyn-focused firm’s first Manhattan property in 30 years, and enlisted Enrique Norten to design the zig-zagged glass tower. The Midtown building’s amenities include a health club, indoor and outdoor swimming pools, two outdoor decks, an indoor basketball court, golf simulator and a screening room. The Mercedes House was named after the 300,000-square-foot Mercedes-Benz showroom, and the car manufacturer’s American headquarters, located in the ground floor. Studios and one- and two-bedroom apartments range from 500 to 1,200 square feet and from $2,200 per month to $3,900 per month. The Mercedes House will also rent space to the New York City Police Department horse stable and a non-profit theater space. Twenty percent of the more than 900 rental units will be reserved for affordable housing, according to the company. TRD
