Renderings via Colonnade Group
A long-planned condo development at 75 First Avenue is underway and its developers have published new renderings of its light-filled residences and amenity spaces. The future eight-story building will have 22 one- to three-bedroom homes, many of which will enjoy multiple exposures to the east, north, and west. Colonnade Group is the developer and secured permission to build lot line windows over the neighboring Rite Aid through a zoning lot merger.
Sales have yet to officially launched but will be handled by the Serhant Team of Nest Seekers International. HTO Architect is the project’s designer and drew up a fully-glazed building with a series of open spaces near the top. There will be a doorman, fitness center, tenant storage, and a common roof deck. The lounge and library space will have a fireplace and billiards table.
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Interiors are being handled by Stefano Farsura and depict the usual high-end affair of open layouts, floor-to-ceiling windows and marble kitchens and baths. One rendering shows a high-floor unit with a sculptural staircase and shelving below. Some homes with north-facing exposures will have far-reaching views over the East Village towards the Midtown skyline.
Average condo closing prices in the East Village have been on the upswing and are well above the Manhattan average. Per our data, the average closing price of an East Village condo stood at $1,796 a foot in July. Currently, there are just 37 condos for sale in the East VIllage and one-bedrooms average $1.35M and two-bedrooms average $1.912M. Prices remain high since there is a lack of new supply coming into the area. New condo developments include Steiner East Village, Thirteen East + West and 100 Avenue A.
Progress at the site as of early July
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