Luxury apartments at Ian Schrager’s 215 Chrystie Street are going on sale this week for prices ranging from $7 to $23 million. This will set a new record for apartment prices in that area.
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A model apartment there was shown to the press on Tuesday.
215 Chrystie St. on Manhattan’s Lower East Side will offer 11 condominiums above a new hotel. Three will be penthouses and the rest will have 2 or three bedrooms. The apartments have 10 foot ceilings and 270 and 360 degree panoramic unobstructed views which include the new World Trade Center. They will also have 12 inch white oak floors.
Residents will have access to all of the hotel’s amenities. The hotel will have 370 rooms and the building will total more than 200, 000 square feet and reach 314 feet in height.
Schrager designed the building in partnership with Swiss architectural firm Herzog & de Meuron’s Ascan and interior designer John Pawson. They held a press conference at which Schrager described his new work as “tough lux.” He also called it, “the ultimate expression of uptown meets downtown. It is both tough and refined at the same time.”
The building is expected to open in 2016.
Schrager, together with Steve Witkoff and other investors acquired the location in 2012 for $50 million from a group led by Rubin Schron.