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

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.”


Related Articles

arrow_forward_ios
Gov. Andrew Cuomo has given the go-ahead to reopen schools for in-person learning statewide (Getty; iStock)

School’s back on. Will the NYC resi market follow suit?

School’s back on. Will the NYC resi market follow suit?
New York’s real estate market is becoming two different stories: Manhattan, where deals are falling — and the suburbs, where demand is spiking. (iStock, Unsplash)

Manhattan is cold, the suburbs and Brooklyn are hot: Here’s what the resi market looked like in July

Manhattan is cold, the suburbs and Brooklyn are hot: Here’s what the resi market looked like in July
Home sale price declines are expected for July, after a recent bump, according to a CoreLogic report. (iStock)

Home sale prices got a bump, but a drop is coming: Report

Home sale prices got a bump, but a drop is coming: Report
(Images courtesy of Victor Group)

The Getty condo chops prices up to 53%

The Getty condo chops prices up to 53%
442 Union Street and 257 Berry Street (Google Maps)

Brooklyn’s luxury market reaches new pandemic high

Brooklyn’s luxury market reaches new pandemic high
Marwan Kheireddine (inset), Jennifer Lawrence and 400 East 67th Street (Getty, Compass, BDL Accelerate)

Jennifer Lawrence’s Upper East Side PH sold at 37% loss

Jennifer Lawrence’s Upper East Side PH sold at 37% loss
Senate Minority Leader Chuck Schumer and Senate Majority Leader Mitch McConnell (Schumer by Tasos Katopodis/Getty Images; McConnell by Ting Shen/Xinhua via Getty)

Schumer v. McConnell on SALT: Who’s gonna give?

Schumer v. McConnell on SALT: Who’s gonna give?
111 Leroy Street and 817 Fifth Avenue (StreetEasy, Google Maps)

Luxury deals plummet in Manhattan — again

Luxury deals plummet in Manhattan — again
arrow_forward_ios

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

Loading...