Mega-Development Designed by Richard Meier, Rafael Viñoly, and KPF Sets Pricing Records for the Neighborhood
On the heels of its official topping out this Fall, Waterline Square—the three-tower residential mega-developmentdesigned by Richard Meier & Partners Architects, Rafael Viñoly Architects, and Kohn Pedersen Fox Associates —has been recognized as the city’s fastest-selling new development by dollar volume and by the number of units sold in 2017. The highly anticipated development today announces 53 contracts signed, totaling approximately $200 million within the first six months of sales. With closings slated for the beginning of 2019, Waterline Square will complete the historic transformation of Riverside Boulevard that has spanned more than two decades along the Hudson River.
“Waterline Square is a ground-breaking development, and we couldn’t be more excited to see it come to life so quickly,” said James Linsley, President of GID Development Group. “It’s very gratifying to see such an incredible response from the market, as well as the enthusiasm from our buyers who see how special this project is. Each unit purchased at Waterline Square has been sold for the original asking price without any discounts, which is a testament to the great product we’re offering.”
Since launching sales, residences of varying size categories throughout all three buildings have gone into contract. Waterline Square has set a new price-per-square-foot record on Riverside Boulevard, signing a $15.5 million, $4,097 per-square-foot residence. A selection of one-to-five bedroom homes starting at $1.85M are available at Waterline Square, including an anticipated 20-year tax abatement.
“Waterline Square continues to defy broader market trends by setting pricing records and achieving an impressive sales velocity,” said Kelly Kennedy Mack, President of Corcoran Sunshine Marketing Group, exclusive marketing and sales agent for Waterline Square. “Real estate brokers and buyers recognize the value in purchasing a home by some of the world’s greatest architects and designers, with incredible amenities and a 20-year tax abatement.”
Situated between West 59th Street and West 61st Street on the Hudson River, Waterline Square features 263 condominiums that begin on or above the 20th floor of each building. With interiors by Champalimaud Design, Yabu Pushelberg, and Groves & Co., residences offer extraordinary river and city views, all set within a serene park. Designed by Mathews Nielsen Landscape Architects, Waterline Square Park encompasses nearly three acres and features a stunning landscape that includes tree-lined groves, open grass areas, walking paths, a playground, fountains, and other water features.
Connecting One, Two, and Three Waterline Square will be the Waterline Club — a truly
extraordinary collection of indoor amenities available to all residents. Designed by David Rockwell’s famed hospitality firm, Rockwell Group, the Waterline Club offers 90,000 square feet of thoughtfully programmed sports and fitness, swim and spa, leisure and social, creative, children, and pets spaces.
Waterline Square will also be home to the first-ever experiential food market by the Cipriani family. The 28,000-square-foot space will offer a large format culinary experience with multiple food and beverage establishments, including a market, restaurant, bar, and fast casual dining. Located within Two Waterline Square, the new Cipriani food hall will be designed by internationally acclaimed London-based interior designer, Martin Brudnizki.
Located on one of the last remaining waterfront sites in Manhattan, Waterline Square is conveniently located where Midtown meets the Upper West Side. Within walking distances is some of the best green spaces, restaurants, shopping, and cultural institutions that New York City has to offer including: Lincoln Center for the Performing Arts, Columbus Circle, Central Park, and Hudson River Park.
For additional information or to schedule an appointment, please contact the sales gallery at (212)-586-8333 or visit www.waterlinesquare.com.
About GID Development Group
GID Development Group creates sophisticated mixed-use projects and iconic residential developments in New York City and throughout the United States. GID is a privately held, globally diversified, and fully integrated real estate organization founded in 1960 that owns and manages a premier portfolio of existing properties and development projects valued at over $16 billion. With offices in New York City, Boston, San Francisco, Washington DC, Atlanta, Dallas, and Orange County, CA, the company employs over 650 real estate professionals and has divisions specializing in development, acquisitions, real estate funds, international real estate investing, hedge funds, portfolio and asset management, and property management. During its corporate history, GID has acquired or developed over 73,000 residential units and 16 million square feet of commercial space in 24 states and 3 continents.
About Corcoran Sunshine Marketing Group
With over 30 years of experience in marketing and collective sales of $40 billion, Corcoran Sunshine Marketing Group is a recognized industry leader in the planning, design, marketing, and sale of luxury residential development. Representing properties throughout the United States and in select international locations, Corcoran Sunshine Marketing Group’s portfolio contains a curated collection of the world’s most desirable new addresses. Corcoran Sunshine Marketing Group is the new development arm of The Corcoran Group which is part of NRT LLC, the nation’s leading residential real estate brokerage company and a subsidiary of Realogy Holdings Corp. that operates Realogy’s company-owned real estate brokerage offices.
