On the Market

Retail Condo Hits the Block at Toll Brothers’ Gramercy Condo Building

160_east_22nd_street_luxury_apartments

Toll Brothers has appointed Massey Knakal to exclusively market a retail condominium at its 21-story luxury condo development at 160 East 22nd Street in Gramercy, The Commercial Observer has learned.

The asking price for the 2,560-square-foot ground floor corner condo unit is $8.5 million and will be delivered for occupancy in the summer of 2014.

“Toll Brothers has Read More

Sales Beat

Toll Brothers Pays $64M for Residential Development Site

Toll Brothers' The Touraine in Lenox Hill

It looks like luxury home builder Toll Brothers may have yet another New York City residential development project on the drawing board after scooping up a financially troubled and stalled development site – once dubbed the Oliver – from Alexico Group for $64 million, The Commercial Observer has learned.

Owner of the high-end boutique condominium building The Touraine in Lenox Hill, Toll Brothers purchased 953, 957, 959 and 961 First Avenue (or 953-961 First Avenue) in Midtown East after years of financial turmoil bogged down and eventually killed Alexico Group’s original plans to build a 161-unit luxury rental building at the site. Read More