When New York real estate developers Steve and Lauren Witkoff were working out how to make their luxury condominium 111 Murray in Manhattan’s celebrity-filled TriBeCa neighborhood stand out from the crowd in a market flowing with over-the-top amenities, they started to think about what wealthy Manhattanites actually used.
It took roughly a year to fabricate 111 Murray’s lobby desk: a 14-foot-long piece of wood carved from a tree trunk. Greg Keffer of lobby designer Rockwell Group said it was no easy task locating the right tree: a solid poplar (chosen for its light color) with the appropriate dimensions was ultimately found in Maryland.
At 111 Murray, a new 157-unit luxe high-rise amid Tribeca’s vibrant arts and cultural scene, many empty-nest buyers are relocating to be closer to their New York City-based children and grandchildren. “Their children prefer to be downtown,” says Emily Sertic of Douglas Elliman, the new condo’s director of sales. “It just makes it easier” for them to visit.
Now that residents are moving into 111 Murray Street, the 800-foot-tall, 64-story tower that has already made its mark on the downtown Manhattan skyline with its gently flared silhouette, buyers are starting to get a first-hand feel for what developers Witkoff Group, Fisher Brothers and New Valley have created.
Closings are officially underway at 111 Murray Street, the glass tower designed by architecture firm Kohn Pedersen Fox (which previously collaborated on the Waterline Square project on Manhattan’s Upper West Side). Developed by Fisher Brothers, Witkoff, and New Valley, the building rises 64 stories above the heart of Tribeca and holds 157 one- to five-bedroom units with interiors designed by David Mann.
It’s time to revisit the most expensive homes for sale in New York City right now. Despite the well-documented softening of the luxury market, the uppermost echelon of real estate in the city is still, well, ridiculous.
Hiring a high-profile architect used to be all it took to sell a new building. But now buyers want to see the interiors fully designed, as well. In the early 2000s, having a celebrated international architect design a new residential development in Manhattan was enough to send moneyed buyers into a frenzy — regardless of what the building looked like on the inside.
Nearly four years after permits were filed, 111 Murray is almost entirely finished. The 792-foot tall structure will add 157 condominiums to the Lower Manhattan and Tribeca market.
Have $40 million dollars at your disposal? Well, you’re in luck! A penthouse in a new 64-story condominium building in Tribeca that recently completed construction is more than ready to welcome its first set of residents.
Have your sights set on Downtown living? Here’s your ultimate guide to lower Manhattan’s hottest properties for families!