The Real Deal New York

First look: HFZ’s High Line-straddling condo reveals itself

By Katherine Clarke | August 22, 2013 03:15PM

More details on developer Ziel Feldman’s new High Line-straddling condominium project are coming to light, almost two years after his company, HFZ Capital, inked a deal to buy the site.

The two-towered project at 505 West 19th Street will have a total of 35 residences, as previously reported, including one- to four-bedroom apartments, a large penthouse unit and an unspecified number of townhouse and duplex homes, a spokesperson for the development told The Real Deal.

Corcoran Sunshine Marketing Group, the new development marketing arm of the Corcoran Group, will spearhead sales of the units on behalf of the developer. Sales are expected to start in the third quarter of 2013, with occupancy slated for early 2015. The teaser website for the development launched today.

The project will also be the first-ever building to be completely designed by Danish-born architect and interiors guru Thomas Juul-Hansen, who has worked on the interiors of high-profile Manhattan condominium projects like Extell Development’s One57 and developer Alf Naman’s HL23, the latter of which is also in Chelsea. He has designed restaurants for chefs like Jean-Georges Vongerichten and the private residents of celebrities such as Roc-A-Fella Records co-founder Damon Dash.

The limestone and brick building, between 10th and 11th avenues, will have articulated wood and metal windows which will fold in and out of the façade, the spokesperson said. The two separate buildings, one on the west side and the other on the east side of the High Line, will share a lobby directly beneath the famed elevated park.

HFZ bought the three adjacent parcels necessary for the development in 2011 from a number of private individuals, The Real Deal previously reported. The purchase price was not clear.

While HFZ declined to comment on the prices of the units, the teaser website indicates that there will be no units priced below $2 million.