GID bought the last three parcels in 2015 from Extell Development Co. and Carlyle Group LP for $676 million. Linsley, who started his career working on the Trump buildings at the northernmost part of the redevelopment area, had planned to buy just one parcel.
“For us,” he said, “a big moment was to say: Maybe we shouldn’t be going after one site -- maybe we should buy all the remaining sites and really build something the city hasn’t seen before.”
Underground Basketball
Prices at Waterline range from $1.83 million for an 820-square-foot (76-square-meter) one-bedroom at Two Waterline Square, the Kohn Pedersen Fox tower, to a $27 million five-bedroom unit with 6,566 square feet at the Richard Meier building, according to filings with the New York State attorney general’s office.
At the foot of the towers will be a 2.6-acre park, and beneath that a common amenity space called the Waterline Club, which in addition to tennis and soccer will include an 80-foot (25-meter) pool, a recording studio and a basketball court. A 28,000-square-foot food hall by the Cipriani restaurant group will anchor the street-level retail space at one of the towers.
The project, built in partnership with the Abu Dhabi Investment Authority, is scheduled for completion in the third quarter of 2019.
This article was provided by Bloomberg News.