The Rose family’s New York real estate firm Rose associates has unveiled the plans for their new East Side condominium building in Manhattan currently under development in partnership with World Wide Group.
Apartments have already gone on sale at the new tower which is still under construction. Prices start at $4.5 million.
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252 East 57th Street will rise to 65 stories and have 93 units starting on its 36th floor. There will be a lounge on the 34th floor with an 18 foot high ceiling, adjoining library and a terrace, a 75 foot indoor swimming pool and an exercise room with both sauna and steam room. A graceful curved Italian glass façade designed by SOM gives the 65-story tower a sculptural silhouette from every vantage point. Beautifully appointed reception rooms and a private gated porte cochère offer an elegant and exclusive arrival experience. It also offers automated parking.
Only nine apartments, located on the condominium sections lower floors, are still available.
The 700 foot tall building will offer buyers individually tailored floor plans and views of on Manhattan’s skyline, Central Park, and the East River.
The first 33 floors of the building have reportedly been reserved for as many as 173 rental apartments.
Back in February The World Wide Group and Rose Associates took out a $450 million loan to pay for the development.
In other Rose Associates news, the firm announced this month that it had appointed Marc Ehrlich as its new CFO. Ehrlich has served as a senior project manager there for the last 18 months.
“Marc is a seasoned real estate executive with a deep knowledge of development, operations, acquisitions and tax structuring, ” said Amy Rose, co-president for Rose Associates. “We look forward to leveraging Marc’s financial abilities and his skills in developing joint ventures.”
