Cary Tamarkin is developing a handsome, 10-story, residential condominium building at 397 West 12th Street in the West Village that will have only 4 apartments.
The building will have a honey-colored brick facade with large multi-paned windows that are patterned after the area's former industrial properties.
Mr. Tamarkin, who also developed residential buildings several years ago at 140 Perry Street and 495 West Street, said that the apartments will be delivered "raw" and that excavation for the project is underway. The first floor will be retail space.
In May, Sonnenblick-Goldman arranged $27 million financing for the development which will have a 3,600-square foot apartment on the second floor and two duplexes of 6,250 square feet each with 19-foot-high ceilings and a four-level penthouse with 6,600 square feet plus 3,000 square feet of outdoor space. The second-floor unit will be priced at about $5,500,000 and the duplexes were be priced at about $11.5 million and $14,000,000, according to an article in the August 2007 edition of The Real Deal by Patrick Hedlund.
The building is expected to be completed late next year and is not far away from Julian Schnabel's new, 12-story residential project at 360 West 11th Street that has arched loggias and was recently emblazoned with an incised plaque proclaiming it was "Palazzo Chupi."
Mr. Tamarkin had "first rights" to acquire this site and another at 456 West 19th Street from Victor Zupa, but had to sue Mr. Zupa to get them when Mr. Zupa tried to sell them to Madison Capital Management for $22 million, according to an article in the August 16, 2007 edition of The New York Sun by Jill Priluck. The article added that Mr. Tamarkin purchased the two properties from Mr. Zupa for $24 million.
Mr. Tamarkin was the developer of the handsome 9-story apartment building at 47 East 91st Street that was reduced from 17 stories because of opposition from some neighbors including Woody Allen who protested its height despite the fact that several buildings in the immediate vicinity were just about as tall.
The crisp rectilinearity of this building's fenestration will also be evident in the base of Tamarkin's project at 456 West 19th Street where the top is setback and has rippling curves.
H. Thomas O'Hara is listed in the Department of Buildings as the architect for the project.
The building will have a honey-colored brick facade with large multi-paned windows that are patterned after the area's former industrial properties.
Mr. Tamarkin, who also developed residential buildings several years ago at 140 Perry Street and 495 West Street, said that the apartments will be delivered "raw" and that excavation for the project is underway. The first floor will be retail space.
In May, Sonnenblick-Goldman arranged $27 million financing for the development which will have a 3,600-square foot apartment on the second floor and two duplexes of 6,250 square feet each with 19-foot-high ceilings and a four-level penthouse with 6,600 square feet plus 3,000 square feet of outdoor space. The second-floor unit will be priced at about $5,500,000 and the duplexes were be priced at about $11.5 million and $14,000,000, according to an article in the August 2007 edition of The Real Deal by Patrick Hedlund.
The building is expected to be completed late next year and is not far away from Julian Schnabel's new, 12-story residential project at 360 West 11th Street that has arched loggias and was recently emblazoned with an incised plaque proclaiming it was "Palazzo Chupi."
Mr. Tamarkin had "first rights" to acquire this site and another at 456 West 19th Street from Victor Zupa, but had to sue Mr. Zupa to get them when Mr. Zupa tried to sell them to Madison Capital Management for $22 million, according to an article in the August 16, 2007 edition of The New York Sun by Jill Priluck. The article added that Mr. Tamarkin purchased the two properties from Mr. Zupa for $24 million.
Mr. Tamarkin was the developer of the handsome 9-story apartment building at 47 East 91st Street that was reduced from 17 stories because of opposition from some neighbors including Woody Allen who protested its height despite the fact that several buildings in the immediate vicinity were just about as tall.
The crisp rectilinearity of this building's fenestration will also be evident in the base of Tamarkin's project at 456 West 19th Street where the top is setback and has rippling curves.
H. Thomas O'Hara is listed in the Department of Buildings as the architect for the project.
Architecture Critic
Carter Horsley
Since 1997, Carter B. Horsley has been the editorial director of CityRealty. He began his journalistic career at The New York Times in 1961 where he spent 26 years as a reporter specializing in real estate & architectural news. In 1987, he became the architecture critic and real estate editor of The New York Post.
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