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Mentioned in this Article:
Stephen G. Kliegerman

Stephen G. Kliegerman
President of Development Marketing

Real Estate Weekly

Toll Brothers Makes Manhattan Debut With Luxury Highrise

Toll Brothers City Living, the urban division of Toll Brothers, Inc. has announced the opening of its first Manhattan high-rise condominium building: One Ten Third.

Located on Third Avenue between 13th and 14th streets, wherethe East Village and Union Square, One Ten Third’s 21-stories feature 77 luxury units. The development offers one-, two-, and three-bedroom units, most floors with four or fewer residences, and floor to ceiling windows providing sunny, unobstructed views.

Prices will range from $850,000 to over $2 million. One Ten Third will be ready for occupancy in the early summer of 2007.Toll Brothers is the first publicly traded national home building company to enter the New York City real estate market. This move represents an expansion of the Toll Brothers’ City Living brand in Brooklyn and Long Island City, New York; Hoboken and Jersey City, New Jersey; Philadelphia, Pennsylvania; Scottsdale and Phoenix, Arizona; Chicago, Illinois; and Providence, Rhode Island.

“We're thrilled to be entering the Manhattan luxury market with this fabulous project in one of New York City's most exciting neighborhoods. We look forward to many more projects that Toll Brothers will be bringing to the New York City luxury market,” commented Robert I. Toll, Chairman and Chief Executive Officer of Toll Brothers.

Toll Brothers City Living has retained New York City-based Halstead Property, LLC in the pre-development planning, marketing, and sales of their four new New York City developments One Ten Third in Manhattan; Northside Piers and North8 Condominiums in Williamsburg, Brooklyn; and 5th Street Lofts in Queens.

Northside Piers, a 5-acre community being developed along the East River in Williamsburg, Brooklyn between North 4th and North 5th Streets, will include three high-rise towers, 30 townhouses, retail space and an esplanade with a 400 foot long pier.

Toll Brothers City Living is currently developing the first phase with 180 residences in the tower and 4 townhouses, in joint venture with L&M Equity Participants LTD. and RD Management. The first phase will be ready for occupancy at the end of 2007 and sales are anticipated to start in mid-October 2006 with prices starting at $358,000.

Located in Williamsburg, Brooklyn, North8 Condominiums is a six-story building with private rooftop cabanas and unique outdoor spaces, offering one-, two-, and three-bedroom condominiums and townhouse residences currently on the market with prices starting at $500,000 and occupancy is scheduled for Spring 2007.

5th Street Lofts is a 118-unit condominium development and will offer studios, one-bedroom, two-bedroom, and three-bedroom units priced from $350,000.

Wednesday, November 08, 2006

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