NEW YORK | 570 Washington Street | 450 + 400 FT | 36 FLOORS

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Zeckendorf, Atlas file plans for West Village ultra-luxe tower
Mixed-use condo building with potential $1B sellout to rise at 570 Washington Street

UPDATED Oct. 18, 2022, 4:45 p.m.: The Zeckendorfs and Atlas Capital have laid out the plan for the luxury tower they were expected to build on a West Village property they bought early this year.

Andrew Cohen, principal at Atlas, filed permits Friday for the tower at 180 Clarkson Street, as well as a shorter, 170,000 square-foot building at 570 Washington Street, on the same square block off the West Side Highway.

Atlas and Zeckendorf Development bought the 1.3-acre site in February for $340 million with plans to build a 36-story condo tower on the empty lot, the New York Post reported. The 19-story Washington Street project will have affordable rentals for seniors.

The firms outbid real estate giants Gary Barnett, Steven Roth and Miki Naftali for the property.

The Baupost Group joined in on the project before the group received a $322 million loan from Blackstone for the site in July.

The full-block project, expected to cost around $1 billion, aims to bring record-high apartment prices to the neighborhood: around $5,000 per square foot.

The Zeckendorfs — brothers Arthur and William Lie co-chair the family firm, which is also led by Arthur’s son Artie — are continuing their run of building ever-more-luxurious condos and testing the limits of what the ultra-wealthy will spend in various corners of the city. Their latest project is said to be modeled after their highly successful 15 Central Park West.

At one time, industry observers were skeptical that they would get $1,000 per square foot for their ambitious 515 Park Avenue condo, but its apartments fetched three times that amount a year before it was even completed in late 1999, according to Adam Piore’s “The New Kings of New York.”

This story has been revised with details about the two buildings planned for the development site at Washington and Clarkson streets.

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TRD