The Real Deal New York

15 Hudson Yards has $800M in contracts: Related Companies

A 40K sf amenity space includes golf simulation, private dining
By E.B. Solomont | January 18, 2019 07:30AM

More than two years after launching sales at 15 Hudson Yards, Related Companies said the 285-unit condominium is now more than 60 percent sold — with contracts totaling $800 million.

But in a slow market, there’s still a ways to go for the development, which has a total projected sellout of $1.7 billion.

On Wednesday, Related showcased the tower’s 40,000-square-foot amenity space, which is spread over the building’s 50th and 51st floors.

The lower level features a 75-foot pool, private spa and fitness center. The upper floor has a co-working space, screening room, golf simulator, wine storage and dining room that can accommodate parties of 65.

“A lot of other buildings would have taken the cheap way out,” said Sherry Tobak, Related’s senior vice president of sales, referencing the developer’s decision to put the amenities on a high floor. “Everyone can see the views.”

Related tapped Diller Scofidio + Renfro to design the clover-leaf shaped building, where prices range from $3.9 million for a two-bedroom to $32 million for a duplex penthouse. Rockwell Group designed the interiors.

According to Tobak, closing notices have gone out, and closings are set to begin in the next few weeks. She said the blended average sales price is $3,200 per foot.

“Apartments are selling bottom up,” she said, describing interest in lower-floor units where buyers have views of the emerging Hudson Yards neighborhood (and lower prices).

Corcoran Sunshine Marketing Group is leading sales.