Alchemy Properties unveils Woolworth Building condo teaser

New York /
Jan.January 28, 2014 02:43 PM

The top 30 floors of New York City’s iconic Woolworth Building are to be turned into condominiums.

And on Tuesday, the teaser site for the Woolworth Tower Residences went live.

An investment group led by Alchemy Properties, which closed on 233 Broadway‘s top floors in a $68 million deal in 2012, is heading up the conversion, which will house 34 one- to four-bedroom apartments, topped by a five-story penthouse at the top of the building. Prices will be around $3,000 per square foot, according to Curbed, and sales are slated to kick off in the second quarter of 2014.

Alchemy and its associates purchased the upper-floor spread from a partnership of the Witkoff Group and Cammeby’s International, which continues to lease the bottom 28 floors of the building as offices. Witkoff and Cammeby’s, led by Steve Witkoff and Ruby Schron, respectively, purchased the entire building for $137.5 million in 1998. [Curbed]Julie Strickland


Related Articles

arrow_forward_ios
Alchemy Properties President Kenneth Horn and the Woolworth Building (Getty)

Contractor accuses Alchemy Properties of trying to damage reputation

Contractor accuses Alchemy Properties of trying to damage reputation
At the desk of: Joel Breitkopf

At the desk of: Joel Breitkopf

At the desk of: Joel Breitkopf
Alchemy, Korean firm pay $158M for UWS church site

Alchemy, Korean firm pay $158M for UWS church site

Alchemy, Korean firm pay $158M for UWS church site
Design firm CallisonRTKL takes floor at Woolworth Building

Design firm CallisonRTKL takes floor at Woolworth Building

Design firm CallisonRTKL takes floor at Woolworth Building
Developers’ latest tactic to woo buyers? History lessons

Developers’ latest tactic to woo buyers? History lessons

Developers’ latest tactic to woo buyers? History lessons
New price, new broker… new layout?

New price, new broker… new layout?

New price, new broker… new layout?
Luxury market is back on its feet: Olshan

Luxury market is back on its feet: Olshan

Luxury market is back on its feet: Olshan
Alchemy, Alcion looking to sell 9-building Bed-Stuy portfolio

Alchemy, Alcion looking to sell 9-building Bed-Stuy portfolio

Alchemy, Alcion looking to sell 9-building Bed-Stuy portfolio
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...