Construction is now in full swing for the new condo development at 565 Broome Street from Renzo Piano Building Workshop. Winner of the Pritzker Prize, Renzo Piano reigns as a celebrated architect whose designs include the Whitney Museum of American Art and the New York Times Building on Eighth Avenue. The building, known as 565 Broome SoHo, is his first residential project in the city. Its two towers are set to top out at nearly 300 feet in the air, with 30 stories and 320,000 square feet.
Piano designed the buildings to feature floor-to-ceiling glass windows that promise gorgeous views to the west. His decision to create rounded corners, rather than jointed,will give residents a more interactive relationship with the views they take in. Piano’s team selected low-iron, extra-wide glass windows divided by mullions that allow even passersby to develop a “visual relationship with the building.” Most notably, he designed the building with the neighborhood in mind, focusing on how the colors of the city's changing light and weather will affect the design.
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Expected to be complete in 2018, the towers will host 115 residences ranging from studios to four-bedrooms, including duplexes and penthouses. Current availabilities include studios from $990,000, 1-bedrooms from $2.325 million, 2-bedrooms from $3.75 million, and 3-bedrooms from $5.45 million.
Paris interior design firm RDAI designed the interiors to feature 6-inch white oak plank flooring, open kitchens, and rich materials. Kitchens feature solid fluted white oak cabinetry, Balsatina lavastone countertops, Zucchetti fixtures, and fully integrated Miele appliances. Baths include white oak vanities, Muse by Kos deep soaking tubs, separate oversized showers, private water closets, and radiant heated floors.
Amenities at 565 Broome SoHo begin with an attended lobby, a 24-hour concierge, and automated parking with a private driveway and a gated entrance. From there, the perks continue with a beautifully landscaped outdoor terrace, a 55-foot indoor swimming pool, a fitness center with a spa, sauna, and steam rooms, and an interior landscaped lounge with 9-foot-2 ceilings and a wet bar.
The development team, which includes Bizzi & Partners Development, Aronov Development, Halpern Real Estate Ventures, and Cindat Capital Management, is seeking a sellout north of $650 million. The average price per square foot of a condo in the development weighs in at $2,736. For reference, there are currently 136 condos for sale in SoHo for an average price per square foot of $2,335. The average closing price of a condo in the neighborhood in September was $2,424 per square foot, up from last September’s closing price of $2,042 per square foot.
All renderings by Noë & Associates with The Boundary
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Contributing Writer
Katy Cornell
Katy Cornell is a Long Island native with a passion for writing about real estate in the big city. She recently graduated from the University of Virginia with a BA in English and is a frequent contributor to CityRealty's Market Insight and NYC real estate blog 6sqft.
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