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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...
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