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Old Posted Dec 28, 2011, 8:16 PM
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Join Date: Jul 2001
Location: Borough of Jersey
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Luxury apartments, hotel planned for 70 Pine

December 27, 2011

A joint venture between Real Estate Developer-Owner Metro Loft and Eastbridge Sarl closed on the acquisition of 70 Pine Street for a price in excess of $200 million. Metro Loft’s conversion plans for the iconic 66-story, 952-foot Art Deco building include over 700 luxury apartments, with a high-end hotel occupying the remaining area of the building.

When completed in 2013, the landmarked tower will be one of the three tallest residential buildings in New York City. Many of the residences will have panoramic views of Manhattan, Brooklyn and New York Harbor.

When completed, the building will be the 11th tallest residential tower in the World, according to the Council on Tall Buildings and Urban Habitat.

The limestone tower features an observation deck on the top floor with an enclosed glass room that offers breathtaking views of the city and New York Harbor.
NEW YORK. World's capital.

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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