Continental 50% leased up in three months

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
Leonard Stern with Wyndham Garden Hotel Newark Airport (Getty, Hotels Combined)
Hartz buys Newark Airport hotel for $34M, plans demolition
Hartz buys Newark Airport hotel for $34M, plans demolition
Public Hotel at 215 Chrystie Street, Steve Witkoff and Ian Schrager (Getty, Google Maps, Witkoff)
Schrager, Witkoff default on Public Hotel mortgage
Schrager, Witkoff default on Public Hotel mortgage
38-59 11th Street in Long Island City (Gene Kaufman Architect, iStock)
Daryl Hagler books $63M Long Island City hotel sale
Daryl Hagler books $63M Long Island City hotel sale
From left: 121 West 26th Street, Watermark’s Brendan Medzigian and Two Kings Principal Christopher Wang (Google Maps, Watermark , LinkedIn)
Watermark Capital sells Holiday Inn in Chelsea for $80 million
Watermark Capital sells Holiday Inn in Chelsea for $80 million
The Indie Cultivate event and Independent Lodging Congress president Andrew Benioff (Independent Lodging Congress)
Is innovation dead? These real estate disruptors say no
Is innovation dead? These real estate disruptors say no
From left: Brookfield’s Brian Kingston and Hospitality Investors Trust's Jonathan P. Mehlman with Hilton Garden Inn Monterey (Brookfield, Hospitality Investors, Hilton)
Brookfield hotel REIT sues insurers for denying pandemic claims
Brookfield hotel REIT sues insurers for denying pandemic claims
Joe Chetrit with Empire Hotel (Empire Hotel)
Chetrit secures lifeline at Empire Hotel
Chetrit secures lifeline at Empire Hotel
A photo illustration of Yorkshire Towers, Lexington Towers, the Fifty Hotel & Suites and 475 Fifth Avenue (Google Maps, LoopNet, iStock)
Manhattan’s biggest loans in May led by rentals
Manhattan’s biggest loans in May led by rentals
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...