The Two-Building Development Will Bring 392 Units and an Unparalleled Amenities Package to the Neighborhood
Taconic Investment Partners (Taconic) and development partner,Mitsui Fudosan America (Mitsui), announce today that leasing has commenced at 525 West 52nd Street (525) located between 10th and 11th Avenues in New York City's Hell’s Kitchen. The two-tower luxury rental development will offer 392 residences.
“We are thrilled to introduce 525 West 52nd Street to the market and neighborhood," said Daniel McInerney, Vice President at Taconic. "From the thoughtful design to the 35,000 square feet of amenities and unparalleled level of service, 525 will set itself apart from other developments in the neighborhood, while also paying tribute to the rich history of Hell’s Kitchen.”
Renowned architecture firm, Handel Architects (Handel), is credited with the design of both the exterior and interior of the development whose two towers stand at 22- and 14-stories respectively. The design features a classic brick façade and warm, industrially-inspired interiors which pay homage to the factories that once helped define the area. Handel seamlessly marries these design features with a touch of modernism through tasteful use of glass and metal panels.
All homes at 525 offer the best of modern interiors featuring European-style millwork, condo-quality kitchens and bathrooms, state-of-the-art appliances, high-end materials (from Caesarstone and rich woods to honed mosaic tiles), and windows that frame breathtaking views of the Hudson River and the NYC skyline. Additionally, many residences boast highly-coveted outdoor space with terraces that capture vast exposures.
Unique at 525 is the grand 10,000-square-foot, through-block lobby with polished concrete gallery floors, corten steel sculptural elements, wood ceilings, hand-woven custom rugs, and art pieces specifically commissioned for the building. Complementing the art in the lobby is one of the architectural keystones at 525, a beautifully landscaped atrium that is open to the sky. This opulent atrium extends from the second floor amenity deck down to the recreation level and features a green wall and a lushly planted garden designed by landscape design firm, Future Green Studio.
All residents at 525 will have access to a wealth of amenity spaces that are perfectly interwoven across the development, including a 15,000-square-foot courtyard with a bocce court, shuffle board, and multiple barbecue grills. Anchoring the amenity program is the expansive lobby replete with co-working space, fully-equipped conference rooms, and intimate lounge with fireplace. The recreation level features a sports lounge with two golf stimulators by Full Swing Golf and custom pool tables; a large library stocked by The Strand bookstore; a screening room; and a full-service pet care salon by Throw Me a Bone.
The amenities list doesn’t stop there; 525 also has a state-of-the-art fitness center overlooking the courtyard, featuring indoor and outdoor yoga studios, massage studio, and space for a visiting nutritionist. The neighboring lounge is equipped with a catering kitchen for private events. Perfect for the spring and summer months is the landscaped roof terrace located on the 15th floor that provides spectacular views of the river, and is equipped with a party room, lounge chairs, and areas for friends and neighbors to congregate. LIVunLtd will serve as the lifestyle and concierge service in the development.
With leasing and marketing by The Marketing Directors, pricing starts at $2,730* per month for a studio and goes up to $6,900* per month for a two-bedroom home with a terrace (*net effective rent). Making 525 even more attractive is the fact that a June 1st occupancy is available.
“Prospective renters will be drawn to the sought-after and robust amenity package which epitomizes the best of modern conveniences, and the refined apartments.” says Adrienne Albert, CEO of The Marketing Directors. “Taconic and Mitsui are dedicated to creating a community for the residents at 525, and providing them with high-quality living.”
Located in the vibrant Hell’s Kitchen neighborhood, 525 is surrounded by established centers of culture, commerce, and social activity such as Hudson River Park, the Theater District, Times Square and Hudson Yards.
For more information about 525, call 212-557-5252 email info@525w52nd.com, or visit the website atwww.525w52nd.com.
About Taconic Investment Partners
Since 1997, Taconic Investment Partners has acquired, redeveloped and repositioned over 12 million square feet of commercial office and mixed-use space, as well as 3,000+ units of luxury and workforce housing in the New York metropolitan area, Chicago, Washington, D.C., and Atlanta. As a fully integrated real estate operating company with a keen eye for uncovering value, its diverse capabilities are evidenced by its multifaceted success with luxury properties, as well as adaptive reuse and urban revitalization projects. In New York City, Taconic’s latest developments include the Meatpacking District’s desired office and retail location, 837 Washington, The Sterling Mason in TriBeCa, Essex Crossing on the Lower East Side, 525 West 52nd Street and 619 West 54th Street in Hell’s Kitchen and has assembled significant land holdings in Coney Island for residential development. The firm also manages various real estate funds on behalf of institutional and pension fund investors. For more information visit: www.taconicinvestments.com.
About The Marketing Directors
With over thirty-five years of experience, The Marketing Directors is the preeminent development advisory that works exclusively on behalf of owners and builders to develop, market, and lease/sell homes. The Marketing Directors are industry leaders, respected partners, and market innovators. Headquartered in New York, with offices and sales and rental teams active across North America, The Marketing Directors has helped its clients successfully sell-out hundreds of new developments, accounting for $30-plus billion in collective sales.
