The Real Deal New York

10 Madison Square West renderings revealed

April 11, 2013 06:00PM

The first rendering of 10 Madison Square West, the condominium development planned for a portion of the Toy Building in the Flatiron District, has been revealed, Curbed reported. The reveal comes about a month after the new development launched a teaser website and posted building signage.

The 125-unit condo, which has a mix of one- to five-bedroom units, anticipates an official sales launch late this spring, as previously reported. The Witkoff Group and Alan Wanzenberg are the respective developer and designer on record.

The development will have a yoga studio, a fitness center, a 60-foot pool and a 10,000-square-foot private residents’ club, according to the property’s website. Douglas Elliman Development Marketing is handling sales at the building.

Tessler Developments originally acquired the building for $235 million in 2007 and planned a luxe condo development. But in 2010, Lehman Brothers Holdings sued to foreclose on an almost $137 million loan.

Witkoff bought the 16-story property in 2011 for $191 million. At the time of the purchase, Yitzhak Tessler told The Real Deal that he had reached a settlement with Lehman. [Curbed]Zachary Kussin