Billion-Dollar Megaproject With Basketball Court, Skate Park, Indoor Pool, Launches Condo Sales

A Rendering Of Waterline Square

Waterline Square, the new megaproject in one of the last remaining Manhattan waterfront development sites, has launched condo sales.

The three-tower complex is owned by GID Development Group and designed by a combination of Richard Meier & Partners Architects, Viñoly Architects and Kohn Pederson Fox Associates. When completed, the buildings will total 2.2M SF surrounding a staggering amenity center and private park, sitting between 59th and 61st streets, right on the Hudson River.

The amenity space, dubbed the Waterline Club, will be 90K SF, including the first indoor tennis court in any New York residential project, squash courts, a lap pool, an indoor skate park, an indoor soccer field, a full basketball court, steam rooms, a sauna, a yoga/barre studio, a bowling alley, a movie theater, and several gaming rooms for adults and children.

Move-ins are expected to begin in 2018, and condo prices start at $2M, with an expected 20-year tax abatement. Corcoran Sunshine Marketing Group is leading the sell-out, which GID hopes will recoup it $1.15B.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's New York Newsletters
Related Stories

Hines Spends $170.5M On Mixed-Use Portfolio In Dallas' Bishop Arts District

Tishman Speyer Retakes Chrysler Building, Plans $235M Renovation

Activist Investor Buys Stake In Empire State Building Owner

How UK Investment Giant L&G Plans To Grow Its U.S. Multifamily Holdings

Properties Owned By REIT Accused Of Fraud To Be Auctioned Off

DRA Buys Stake In 1301 Sixth Ave. At $1.3B Valuation: The N.Y. Deal Sheet

Major NYC Multifamily Firm Expands With Tech-Driven Operations

Multifamily's Days As Commercial Real Estate's 'Golden Child' Are Over

Hedge Fund Breaks NYC Record With $375-Per-SF Office Lease

Riverwards Secures $36M In Construction Financing For Philly Apartment Project

Lioncor Bets Ireland's Residential Reset Can Unlock A New Wave Of Capital

Structural Design Decisions Can Box Owners In. The Right Partner Can Help Them Make More Informed Decisions