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.”

Related Articles

157 West 57th Street (Credit: iStock)

One57 condo with reduced ask tops a slow week of luxury contracts

Clockwise from top left: 730 Fifth Avenue, Unit #PH21; 730 Fifth Avenue, Unit #18A; The Pierre, Unit #3101; and The Park Imperial, Unit #64

Priciest homes listed last week include $60M pad at Crown Building

250th Issue

The Real Deal celebrates 250 issues

From left: Publisher and founder Amir Korangy, Editor-in-chief Stuart Elliott and VP of Corporate Development Yoav Barilan

TRD’s founders share war stories from over the years

56 Leonard Street (Credit: iStock)

He invested more than $130M into 4 Manhattan condos. Now he’s taking a hit

Due to relatively high income levels and low transportation costs, New York City is the eight most affordable of 20 major cities (Credit: iStock)

NYC is the 8th most affordable big city in America*

53 West 53rd Street, 885 Park Avenue, 70 West 45th Street (Credit: StreetEasy)

Five priciest homes to hit the market last week all over $22M

118 East 76th Street and Developer Joseph Chetrit (Credit: Google Maps and Getty Images)

Manhattan luxury home market off to worst start in seven years