Condo Sales Starting at Southtown's Riverwalk

   Oct. 15, 2004

The Related Companies and The Hudson Companies, joint developers of Southtown, have announced pricing for condominiums in Southtown building number 3, which they've named Riverwalk Place. Sales start with the appearance of an advertisement on page 7 of this issue of The WIRE.

The pricing, with approximate maintenance figures (which include taxes) based on an average of about 65 cents per square foot:



An informational website at www.riverwalknyc.com provides floor plans and other information. There's a phone number, 212-754-0455, for the sales center and for making appointments.

The ad in The WIRE describes the 18-story residential tower as "Roosevelt Island's first luxury condominium," with "exceptional amenities" that include hardwood flooring, marble baths, and granite kitchens in apartments, and a rooftop sundeck with adjacent entertaining suite, a fitness center, children's playroom, and a 24-hour doorstation. Floor plans show floor-to-ceiling windows.

Of the 230 apartments, 88 on four of the lower floors have already been purchased by Cornell Medical School; 142 will be sold in the open market. Move-in is set for late 2005.

Southtown building number 3 will sit just north of a plaza over the subway tunnel, where heavy construction is not permitted. Number 4 is planned to sit just south of the plaza. The original plan calls for retail space, including a restaurant, on the ground floors of the two buildings, facing the plaza.

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