When Ranger Properties and Sagamore Capital bought a three-building assemblage on the corner of University Place and East 13th Street in 2015, it was one of downtown’s most expensive residential development transactions at approximately $1,100 per square foot. Today, a six-story condominium designed by starchitect Morris Adjmi has topped out on the site now addressed as 116 University Place. The building has a brick façade, and its coffered, oversized windows were inspired by the Village’s artistic history and let ample natural light into each residence. Completion is estimated for 2018.
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Sales of the five full-floor corner residences launched in June, and the three- and four-bedroom apartments start at $7.2 million. Each unit is reached by key-in elevator. Kitchens by Smallbone of Devizes have hand-painted cabinets, Miele appliances, and Lumix quartzite countertops, backsplash, and islands. Master suites have walk-in closets and opulent windowed baths in limestone and Calacatta Crema marble. The attended building’s amenities include a roof deck, fitness center, and storage units for purchase.
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Michelle Mazzarella
Michelle is a contributing writer and editor for real estate news in New York City
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