Town expands to Upper East Side

New 79th Street location is the firm’s sixth office

TRD New York /
Mar.March 02, 2012 05:30 PM

Town Residential is set to open a new office on the Upper East Side next week, the company told The Real Deal today.

The office will occupy a 6,000-square-foot space at 239 East 79th Street, at the corner of Second Avenue. The ground-floor space, which will eventually house 55 agents, is slated to open Monday, a Town spokesperson said. The company has five other offices throughout the city, including locations in the West Village, Flatiron District, the Financial District, Astor Place and Midtown.

Founded by Andrew Heiberger at the end of 2010, the brokerage now has over 300 agents and staff and some $500 million in exclusive sales listings, the company said.

“As one of the world’s most prominent and prestigious neighborhoods, there was never any question that the Upper East Side would be part of the first phase of Town’s growth,” Heiberger said in a statement. “This is an exciting milestone for our company.”

Juliet Clapp has been named sales director for the office, while Hal Gavzie has been promoted from Town’s listings director to leasing director for the office.

Designed by architecture and design firm Grade, the office will feature custom-designed furniture made of sycamore, stone, lacquer and concrete, the company said.

The location was selected because it “sits at one of the key crossroads of the Upper East Side,” said Matthew Van Damm, Town’s director of operations, and is a “highly visible corner space surrounded by a staggering density of residential inventory.”

As The Real Deal previously reported, Town most recently made headlines when the managing director of Its Fifth Avenue office, Paula Busch, a former senior-level manager at the Corcoran Group, departed the firm for personal reasons after just nine months on the job.

Dennis Cusack, who joined Town as a vice president in August from Stribling & Associates, took over for Busch immediately.

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