HFZ’s Turtle Bay condos to start at $1.5M

HFZ Capital Group’s condominium development in Turtle Bay, once the site of a deadly crane collapse, will be called Halcyon NY and will include a mix of one-bedrooms through four-bedrooms, priced at between $1.5 million and $5 million, Curbed reported.

The building is set to reach 32 stories, with a total of 123 condos, as The Real Deal reported. In 2008, the crane accident killed seven people and damaged nearby buildings, effectively forcing out the original developer. HFZ later took over the project, at 303 East 51st Street on the corner of Second Avenue.

HFZ has enlisted Corcoran Sunshine Marketing Group as the marketing agent. Some of the homes will include outdoor space, while others will be duplexes. Building amenities include an exercise room and a playroom. A teaser website for the development is now live.

Last month, HFZ was forced to temporarily halt construction at the project after a contractor hit a live gas line while doing excavation work. [Curbed] —Zachary Kussin