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Mercedes House

550 West 54th Street
New York, NY 10019
(718) 222-2500
Office, Retail, Residential, New Construction, Leasing/Rental, Other, Multifamily

The residential-and-retail complex at 550 West 54th Street on Manhattans far West Side takes its name from the car dealership at its base. It also takes a goodly portion of its luxury vibe from the Mercedes-Benz brand name, too.

The Mercedes House is a winding, almost S-shaped luxury complex designed by Enrique Norten and stretching to 32 floors at its peak. Many of its 974 units have unobstructed views of the Hudson River; and the complex boasts amenities that include private greenspace, a golf simulator, pools, a fitness center and a spa.

The first 222 units of the Mercedes House hit the market in early 2011. Less than two years later, Invesco Real Estate bought the complexs 162-unit condo component for $170 million and then leased them quickly as apartments. Units in the building average rents of around $4,000 a month, according to Streeteasy.

Two Trees Management developed the Mercedes House. It marked an audacious Manhattan debut for the Brooklyn-based firm most famous for building up the Dumbo neighborhood in that borough.

  • Address 550 West 54th Street
  • neighborhood Hell's Kitchen
  • borough Manhattan
  • owner Two Trees Development
  • developer Two Trees Development
  • owner entity 536 WEST 54TH ST LLC A,B,C
  • architect ISMAEL LEYVA ARCHITECTS PC
  • PLANS DISCLOSED 08/03/2007
  • dob permit issued 05/19/2009
  • tco issued 04/28/2011
  • DOB FILE PLANS 08/03/2007
  • DOB FILE Link
  • floors 31
  • Year Built 2009
  • residential units 864
  • total units 864
  • square feet 799,348
  • const. status Building Complete
  • block and lot 1-01082-7501
  • BIN 1088726
  • Event Retail Leasing
  • Address 550 West 54th Street
  • Neighborhood Clinton
  • Borough Manhattan
  • Square feet 5,000
  • Publication Date 08/01/2013
  • Event Date 06/22/2013
  • Party 1 Two Trees Management
  • Party 1 Brokerage In-house
  • Party 2 MH Supermarket Corporation
notes
The supermarket signed a lease at the Mercedes House luxury rental building, the New York Observer reported. The asking rent was $60 per square foot, according to the publication.
  • Event Sales
  • Address 555 West 53rd Street
  • Neighborhood Clinton
  • Borough Manhattan
  • Price $ 170,000,000
notes
The 162 apartments at the new development Mercedes House sold for $170 million, the Wall Street Journal reported. The property has 874 units in total.
  • Event Financing
  • Address 555 West 53rd Street
  • Neighborhood Clinton
  • Borough Manhattan
notes
Two construction loans totaling $229 million was provided for the financing of the second phase of development at Mercedes House. The first phase opened for occupancy in May. A team led by John McCarthy of law firm Morrison & Foerster represented the lenders on the deal. 850-unit apartment building.
  • Event Retail Leasing
  • Address 770 11th Avenue
  • Neighborhood Clinton
  • Borough Manhattan
  • Square feet 332,982
notes
The automaker signed a lease for a new dealership. It will include 39,236 square feet of ground-level showroom and office space and 28,918 square feet of mezzanine space, as well as three below-grade levels totaling 264,828 square feet. The facility will replace the company's existing flagship dealership at 41st Street and 11th Avenue.

11/01/2014
Her projects include the Strata at Mercedes House, Invesco Real Estate’s portion of Two Trees Management’s zig-zag building in Hell’s Kitchen, and the sister building on 29th Street...