Bringing “Affordable Luxury” Condos to Battery Park City

Bringing “Affordable Luxury” Condos to Battery Park City

December 02, 2014
New York Observer
With heavy real estate saturation along Manhattan’s lower shore, there have historically been few opportunities for newcomers to find a home in the area, but River & Warren’s 169 Battery Park City condos for sale are finally stepping up to meet demand. While there may be stiff competition for the residences, which range in size from two to five bedrooms, there is no competition when it comes to the location: Having transformed a pre-existing structure into condos, River & Warren will be one of the most coveted pieces of true waterfront real estate available on the market.

To lure discerning clientele, the developers outfitted the property with a shared “amenity roof,” fitness center, play room— and renowned CetraRuddy Architecture. Prices, of course, are considerably lower than at those bold-face projects, and lower, too, than in more fashionable neighborhoods nearby.

“In Tribeca, for new luxury development, you’re going to pay $2,700 a square foot and up,” Mr. D’Adamo said. “The West Village is going to be even higher than that. The average here will be well under $2,000 [a square foot].” Buyers thus far priced out of the luxury new development market, he said, would find welcome opportunities at River and Warren."

Full article: http://observer.com/2014/12/sales-launch-for-river-and-warren-bringing-affordable-luxury-to-battery-park-city/