Significant Milestone Reachedat Luxury Condominium; Occupancy to Begin ThisFall

GTIS Partners LP, a New York-based developer and real estate investment firm, announced that an amendment has been filed with the NY State Attorney General’s office to declare the Offering Plan effective. Demand for residences at its highly-anticipated luxury condominium conversion on Manhattan’s Upper West Side has been strong,with 38% of all apartments already in contract just three months after launching sales.

The property has been transformed into a collection of 21 luxurious, grand residences in a mix of two-to-five-bedroom homes, including one full-floor penthouse, designed by Stephen Sills. Closings are expected to commence in early autumn. Anne Sullivan Young and Amanda J. Young are leading the Brown Harris Stevens Development Marketing team that is handling sales and marketing for 101 West 78^th Street.

“The market has responded incredibly well to the design and finishes of the seexquisite residences, and we are pleased to announce that we have filed an amendment with the NY State Attorney General’s office to declare the 101 West 78^th Street Offering Plan effective,”said Tom Shapiro, President of GTIS Partners. “With over a third of the residences in contract,prospective residents have the ability to move-in this year and enjoy gracious living in the heart of the Upper West Side,” noted Robert Vahradian, Senior Managing Director and Head of US Investments of GTIS Partners.

In combining its prestigious location across from the American Museum of Natural History with the sophisticated details of interior designer Stephen Sills and architect H. Thomas O’Hara Jr., and generousapartment sizes and layouts, 101 West 78^th Street offers buyers a one-of-a-kind opportunity. Residences will feature ceilings that reach more than ten-feet highand oversized high-performance wood windows with stunning views of the museum and park.

The custom-made Smallbone of Devizes kitchens feature Stephen Sills-designed cabinetry in a white, hand-painted finish, and come outfitted with an array of Miele appliances and filtered water dispensers. The building has also received new plumbing, mechanical, and electrical systems. Solid oak plank floors can be found in the kitchens, bedrooms and corridors, while herringbone oak flooring is placed in the foyers, great rooms and dining rooms. Gas fireplaces, wine storage and utility rooms with large capacity washer/dryers can be found in select homes. Further amenities at 101 West 78^th Street include a 24-hour attended lobby, fitness center, children’s playroom, bicycle storage, and package room with cold storage. Private storage lockers are also available.

To learn more about the development, visit www.101West78.com or call 212-712-1101 to make an appointment to visit the sales gallery at 101 West 78^th Street.