Thursday, April 26, 2007

40 Bond - "Last Remaining Units"

40 Bond, the most fabulous of fabulous high-end/over-the-top/celebrity service projects in the U.S., is sitting on its final 6 units. Ian Schrager's foray into residential, which began in a cast glass and iron building on Bond Street and a sales office on Lafayette, reports no market softening in the upper eschelons of purchasing power as well as recent sales exceeding $3,000/SF. Smoked oak walls, Austrian oak floors, turn-down service, and everything else under the sun comes standard. You were probably beckoned to stand in front of it and stare at its glassy skin about a year ago, but if you haven't worked your way into the sales office, it's worth a try before the final units are "discreetly sold".

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