Brack Capital’s condo conversion of a former printing building in the West Village is progressing apace. The overhaul of 90 Morton Street, also known as 627 Greenwich Street, has been in the works for years, but progress stalled in the wake of the recession. Isaac Hera’s Brack Capital Real Estate, a Dutch investment and development firm, paid $105 million for the 13-story building in late 2014 and a round of funding has allowed the project to resume.
Issac|Stern is listed on applications as the architect of record. Some of the building’s bulk will be redistributed to the top to produce a stark modern addition with cantilevering spaces and rooftop terraces. The steel frame of the addition topped out earlier this summer.
Issac|Stern is listed on applications as the architect of record. Some of the building’s bulk will be redistributed to the top to produce a stark modern addition with cantilevering spaces and rooftop terraces. The steel frame of the addition topped out earlier this summer.
90 Morton Street as of August (CityRealty)
(CityRealty)
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The condo offering plan was filed in 2015 and the total sellout now stands at $324,850,000. There will be 28 apartments, 3 commercial units, and 13 storage units for purchase. The building’s amenities will include a rooftop terrace, storage, and bike room. Sales are to begin in the spring of 2018.
A covey of other condo projects are in development nearby and include 111 Leroy Street, 127 Leroy Street, and 160 Leroy Street. The average asking price of the West Village’s 126 condos stands at $3,850,000 ($2,670 a foot) and the median closing price of a condo stands at $2,241 a foot.
Photo credit: Illume3D
A look at a number of project rising in the area (CityRealty)
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