Cary Paik bringing 11-story luxe condo to High Line

Developer-architect's 10-unit building is going up at 455 West 19th Street

New York /
Sep.September 12, 2017 12:25 PM

Architect Cary Paik is well on his way to replacing a one-story project space formerly owned by the Robert Rauschenberg Foundation with an 11-story luxury condominium, after filing an offering plan with the New York state Attorney General’s office in late August.

Paik, who his both the architect of record and sponsor of the condo plan, aims to sell the project’s 10 apartments for a total of $77.5 million. The offering also includes 10 “other” units, but online filings do not give further details. Such units, however, could be anything from bicycle space to wine storage.

Paik obtained demolition and new construction permits for the development, which is next to the Chelsea High Line, last fall.

In 2014, the property at 455 West 19th Street sold to a “NYC Prince LLC” $22.5 million, in a deal that Cushman & Wakefield’s James Nelson said involved a “first-time buyer.” The following year, the developer, obtained a $19 million mortgage from Interaudibank for the property.

Nearby, Related Companies recently floated plans for a 180-unit Condo On 18th Street.  And on 10th Avenue between 17th and 18th streets, Ziel Feldman’s HFZ has 300 condo units under development.

Paik Architecture has designed dozens of loft residences in the city, including the eight-unit Van Wagner lofts in Long Island City.

The company did not immediately respond to an email seeking comment.


Related Articles

arrow_forward_ios
(iStock/Illustration by Kevin Rebong for The Real Deal)
Existing home sales hit 15-year high in 2021
Existing home sales hit 15-year high in 2021
Joseph Tsai, executive vice chairman, Alibaba (Getty Images, LoopNet, iStock)
Office behind Joseph Tsai revealed as buyer in 220 Central Park South megadeal
Office behind Joseph Tsai revealed as buyer in 220 Central Park South megadeal
1107 Fifth Avenue and Richard Eisner (CityRealty, The New Jewish Home)
EisnerAmper co-founder sells Carnegie Hill co-op for $35M
EisnerAmper co-founder sells Carnegie Hill co-op for $35M
A photo illustration of Vishal Garg, chief executive officer, Better.com (Better.com, iStock)
Better.com CEO returns to role after Zoom layoffs controversy
Better.com CEO returns to role after Zoom layoffs controversy
(iStock/Illustration by Steven Dilakian for The Real Deal)
Black mortgage applicants’ rejection disparity surges
Black mortgage applicants’ rejection disparity surges
Redfin CEO Glenn Kelman (Redfin, iStock)
Service divide at forefront of Redfin discrimination suit
Service divide at forefront of Redfin discrimination suit
Milo Founder and CEO Josip Rupena (iStock, Milo Credit)
Crypto-rich but can’t buy a home? Now you can
Crypto-rich but can’t buy a home? Now you can
Side's Guy Gal and John Wollberg
Brown Harris Stevens defector kicks off Side’s entrance into New York
Brown Harris Stevens defector kicks off Side’s entrance into New York
arrow_forward_ios

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

Loading...