Continental 50% leased up in three months

TRD New York /
Apr.April 27, 2011 06:56 PM
Cliff Finn of Citi Habitats and the Continental

Three months after leasing commenced,
the 53-story, 338-unit Continental at 885 Sixth Avenue is 50 percent
leased, according to Citi Habitats, the exclusive marketing and leasing
firm for the building.
The studios and one- and two-bedroom units are renting from $2,960 to
more than $6,800. The Costas Kondylis-designed building, owned by Tower 111 LLC,
includes a health and fitness center with a 50-foot infinity edge lap
pool, on-site parking, a catering kitchen and a gaming room (note: clarification appended). The
Continental is one of two new rental developments in the area marketed
by Citi Habitats; the other is the rental portion of the Eventi Hotel
called the Beatrice.
“We are thrilled with the Continental’s success thus far, especially
considering it was achieved through the drudges of this winter’s awful
weather,” said Clifford Finn, managing director of new development
marketing for Citi Habitats. “We could not have accomplished this
without the project’s quality construction and pristine amenities,
including The Only Pool On The Sixth Avenue corridor, as well as its
convenient and increasingly dynamic location.” The firm cites the growing attractions along Sixth Avenue in the west 20s and
30s, including a new Trader Joe’s between 21st and 22nd streets, Eventi’s Food Parc and
La Pomme nightclub at 26th Street, off of Sixth Avenue, as big draws for prospective residents. TRD


Related Articles

arrow_forward_ios
Alex Sapir and the NoMo Soho hotel at 9 Crosby Street (Credit: NoMo SoHo)

Sapir Corp.’s stock drops in Tel Aviv

181 Varick Street (Credit: Google Maps)

Claremont Companies buys Soho Marriott for $59M

Rendering of the Staybridge Suites at 38-59 11th Street

Long Island City hotel project moves forward with construction loan

Heritage Equity Partners’ Toby Moskovits, Benefit Street Partners real estate managing director Micah Goodman, and the Williamsburg Hotel at 96 Wythe Avenue (Credit: Google Maps)

Toby Moskovits’ Williamsburg Hotel is headed for receivership following $68M loan default

461 West 34th Street with Marx Development Group's David Marx (Credit: Google Maps)

David Marx lands $202M refi for Hudson Yards hotel

Rents increased year over year this September in Manhattan and Brooklyn to $4,336 and $3,366

Rents tick up and concessions fall amid broader economic uncertainty

30 West 31st Street and 52 West 36th Street (Credit: Google Maps)

South Korean firm snaps up two Midtown hotels for $137M

Brookfield Property Group CEO Brian Kingston and 652 11th Avenue (Credit: Google Maps)

Brookfield drops $83M on Hell’s Kitchen hotel

arrow_forward_ios