345meatpacking launches sales

October 26, 2012 11:00AM

Finding a new apartment in the glitzy Meatpacking District can be as hard as meat distributors in the neighborhood, the New York Times reported. But 345meatpacking, a DDG development that recently launched sales, stands out in the district that’s primarily zoned for manufacturing, which makes the presence of new homes something difficult to achieve.

Located at 345 West 14th Street by Ninth Avenue, the 12-story condominium has 37 units. They span from  690-square-foot one-bedroom units to a 2,100-square-foot three-bedroom units. The development also houses five so-called penthouses, one of which measures 3,750 square feet inside and a 1,930 square-foot terrace.

Prices will start at $1.1 million, a DDG spokesperson told The Real Deal.

This building grabbed attention this summer when it was shrouded by a Yayoi Kusama-print mesh wrap.

As The Real Deal previously reported, rapper Jay-Z and hotelier Andre Balazs tried and failed to deliver a hotel at the site, after defaulting on the $52 million senior loan in 2009. In a settlement with the lenders, Jay-Z deeded the property back to them for the full value of the senior mortgage. [NYT] — Zachary Kussin