Toll Brothers planning 162 condos for Hudson Square

The complex would contain two 15-story buildings

TRD NEW YORK /
Mar.March 29, 2017 06:00 PM

David Von Spreckelsen and 77 Charlton Street (Credit: Google Maps)

Toll Brothers City Living is planning a two-building, 162-unit condominium complex in Hudson Square, a representative for the firm told The Real Deal.

The development at 77 Charlton Street would feature two connected 15-story buildings holdings 208,365 square feet of residential space. A permit application filed with the city’s Department of Buildings Wednesday shows plans for 82 units, across one building. Amenities would include a pool, a fitness room and a rooftop terrace, according to the filing. The alternative address for the development is 82-86 King Street.

Toll Brothers City Living, led by David Von Spreckelsen paid $56.5 million for the site in 2012.

Late last year, Toll Brothers said the firm is transitioning from ultra-luxury construction to the middle market, and will target the $2,000-to-$2,500-per-square-foot market on developments smaller than 150 apartments.

In February, the firm rolled out a “national sales event” in which they offered to pay the transfer and mansion taxes for any buyer who went into contract at select buildings before Feb. 26. The offer was valid at 55 West 17th Street, 100 Barrow Street and the Sutton at 959 First Avenue.

Toll Brothers CEO Douglas Yearley said during a Feb. 22 earnings call that while the company is proceeding with caution, it is “well-positioned to absorb what has been going on in New York City.”


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