Closings Have Begun at One Manhattan Square

Written By Sean Keeley | March 12, 2019 | Published in Urban Design, Real Estate Market Trends
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The massive, sheer tower that’s been slowly rising over the Lower East Side is ready to welcome residents and take its place as the newest member of the Manhattan skyline. Three years following the launch of sales, closings are underway and Extell’s One Manhattan Square will begin moving residents in later this month. 

The 56-story residential skyscraper, which towers over every other building in the immediate neighborhood, includes 815 total apartments as well as an impressive array of amenities across its 72 floors.

These closings mark the culmination of a project that has been years in the making. The initial plans in 2014 were met with pushback from locals who feared that the closing of a Pathmark on the site and arrival of luxury NYC apartments would lead to rising prices in the neighborhood. Some of these concerns were assuaged when a 13-story affordable housing component was added to the project. 

Residents are able to choose from one-, two-, and three-bedroom homes at One Manhattan Square ranging from a little under 700 to just over 2,400 square feet of living space. Meyer Davis, who designed Oscar de la Renta’s flagship retail boutiques, also designed the residences here, creating luxury interiors that balance style with function while taking advantage of some the Manhattan views. Extell offers two finishing packages for the residences while each kitchen comes with custom cabinetry, Miele appliances, and a stainless steel mosaic backsplash.

Prices for one-bedroom units start at $1,216,000 while available three-bedroom homes start at $3,527,000 and rise to $6,605,000.

It’s not known exactly how many of the apartments have already been purchased but, as Curbed NY pointed out, quite a few units are listed as under contract on StreetEasy. Extell helped that process along last year when they waived common charges for buyers both here and at their other properties in the midst of a real estate slowdown across the city.

The amenities collection at One Manhattan Square has proven to be a major draw for prospective buyers. Split into four categories, it’s a collection that ensures residents pretty practically never have to leave the building in order to exercise, unwind, or even get their work done. 

The Sports Club includes a basketball court, two-lane bowling alley, squash court, golf simulator, and a state-of-the-art fitness center with weight room, cardio room, fitness studios, and various classes. Entertainment amenities include a demonstration kitchen, bar and lounge, theater and performance space, wine room, cigar room, billiards room, kid’s playroom, and video game arcade. Spa and water amenities include a 75-foot saltwater swimming pool, kiddie pool, cold plunge pool, tranquility garden, treatment rooms, and locker rooms. Building services that are available include a 24-hour doorman and concierge, refrigerated storage, dry cleaning, a business center, bike storage, pet spa, laundry, and alternations room. There’s also a grand lobby and motor court downstairs.

The timing of these closings is very good for Extell and One Manhattan Square. There is plenty of competition coming to the neighborhood, but the majority of these new buildings are still in the early stages of development. A collection of skyscrapers going up within a few blocks are expected to bring over 2,000 apartments and condos to the area. However, by the time they’re ready, One Manhattan Square will have had plenty of time to make its case to new and old residents looking for luxury living on the Lower East Side.

Interested in seeing if One Manhattan Square is exactly what you’re looking for as you look an NYC apartment or condo of your own? Contact an Elegran agent today to set up an appointment and get all the information you need to make an informed decision.    

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