Landsea plans 12-story luxury building in Flatiron District

Project will house 50 resi units

New York /
Feb.February 19, 2019 12:30 PM

Landsea Homes CEO John Ho and 530 Sixth Avenue (Credit: LinkedIn and Google Maps)

Landsea Homes is furthering its residential play in the city, this time with a 12-story mixed-use project in the Flatiron District.

The project would span about 63,400 square feet and include about 6,200 square feet of retail space on the first floor, according to the application with the city’s building department. There also would be 50 residential units, and the 12th-floor residences would have private terraces.

Morris Adjmi Architects is designing the project, which is expected to house luxury residences.

Landsea, a China-based homebuilder, and DNA Development, which acquired the site with Landsea in a deal in the fall, did not immediately return requests for comment.

Extell Development sold the site, comprised for four, four-story buildings, for about $53 million to the partners after buying them in 2016 for $50 million from the Duell family.

Mack Real Estate Group funded Landsea and DNA’s acquisition with a $97 million senior and mezzanine loan.

Landsea, which in 2014 announced it would invest $1 billion in the U.S. housing market, is in the midst of constructing its first condominium in the city, a 14-story luxury property at 212 West 93rd Street in the Upper West Side. Its partner in the venture is Leyton Properties.

One of its first U.S. projects was a luxury condo in Weehawken, New Jersey.


Related Articles

arrow_forward_ios
One Manhattan Square Extell Development CEO Gary Barnett (Credit: Curbed NY)
Extell lands $690M refinancing package for One Manhattan Square
Extell lands $690M refinancing package for One Manhattan Square
New York Senators James Skoufis, Kevin Thomas, and Brian Kavanagh. (Facebook via Skoufis, Thomas, and Kavanagh respectfully)
Lawmakers call for stiff penalties, reform after housing discrimination probe
Lawmakers call for stiff penalties, reform after housing discrimination probe
Legal Aid’s Judith Goldiner and REBNY’s James Whelan have teamed up. (Getty, REBNY, Legal Aid)
REBNY, Legal Aid team up to push for more rental assistance
REBNY, Legal Aid team up to push for more rental assistance
Celebrities like Tom Brady, Jennifer Lopez spent lockdown spurring a luxury residential boom in exclusive enclaves in Miami and Los Angeles.
What celeb buyers want during the pandemic
What celeb buyers want during the pandemic
(Getty)
Average size of home mortgage nears $400K
Average size of home mortgage nears $400K
Home prices surpass 2006 peak levels. (Getty, Unsplash, Photo Illustration by Alison Bushor for The Real Deal)
US home prices surged 9.5% in November
US home prices surged 9.5% in November
Extell's CEO Gary Barnett (Central Park Tower)
Barnett secures $380M mezz financing for Central Park Tower
Barnett secures $380M mezz financing for Central Park Tower
371 Clinton Street in Carroll Gardens and 6 Strong Place in Cobble Hill (Photos via Compass)
Townhouse sales dominate Brooklyn’s luxury market
Townhouse sales dominate Brooklyn’s luxury market
arrow_forward_ios

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

Loading...