We’ve received an incredible amount of interest in Walker Tower ever since we pulled back the curtain on this beautiful pre-war building last November. Today we can finally say more. As the New York Times reports in its Sunday edition — the story is online right now — the ultra-luxury condominium conversion of this Ralph Walker-designed Art Deco skyscraper in downtown Manhattan will soon be hitting the market through CORE at prices of around $3,000 per square foot, with penthouses approaching up to $10,000 per square foot. The average size of these massive homes, there are 53 in total, will be approximately 3,000 square feet. The building, located at 212 West 18th Street in Chelsea, is being developed by JDS Development and Property Markets Group, and the process of turning a 1929 telephone building into a 21st century residential icon is intricate and complicated. The Times‘ C.J. Hughes touches on the transformation:
Other major changes included lowering the parapet wall on the tower’s many wedding-cake-type setbacks, to one foot from four feet, to improve views from terraces. Similarly, windows were lengthened to 10 feet, from 5, and cut into the eastern wall where none existed before, developers said.
Some elevator shafts in the building, which is supposed to be ready for occupancy in spring 2013, were also removed to gain residential space.
And that’s only a taste. We’ll have much more to say about Walker Tower in the coming weeks and months. Stay tuned, and keep an eye on walker-tower.com as well.