Valyrian Capital has released a new rendering of their new SoHo condominium building at 54 MacDougal Street, developed in collaboration with Ajax Partners. Much remains the same as the initial rendering, with the outcome promising to be a 6-story, 55-foot-tall building clad in a handsome redbrick façade with exposed steel framing the floor-to-ceiling windows. However, where the exterior design previously depicted an arched window on the sixth floor façade, the new rendering reveals a rectangular window that maintains the style of the previous floors. The brick cornice will still enhance the building’s crown. The 12,000-square-foot building will also feature Juliet balconies on its third through fifth floors and window exposures along three faces.
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The site previously hosted a three-story townhouse with an impressive history. Built in 1820, the building was formerly owned by Vice President Aaron Burr, and it made a cameo as a jewelry shop in the movie Men in Black. Demolition and excavation of the townhouse wrapped up in winter 2015, and the new building is currently in development.
KM Associates is heading up exterior design of 54 MacDougal Street, along with Nicole Fuller for the interiors. The four residences and will span 2,000 square feet apiece. The project is projected for completion next year. As a price point, the median closing price of SoHo condos this August was $1.55 million. The current average listing price of SoHo condos is $3.85 million, or $2,251 per square foot.
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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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