New Building to Rise in Bowery

Bowery Street looking north 

Newly developed upscale condos are rising in place of the Salvation Army building in Bowery.

The development of architect, Annabelle Selldorf’s new uber-luxe condos has been topped out at 13 floors unvieling the exclusive five residential apartments in the building, made up of four duplexes and one triplex with the bottom two floors being retail. The apartments at 347 Bowery start at $6.5 million and up. After being on the market for nearly only five days, the penthouse is in contract for about $17 million, and could potentially mark this as a record high for Bowery Street. Only two other apartments have hit the market, and a three bedroom duplex for $7.5 million is still available. 

Urban Design purchased the building for $7.6 million in 2013. The completed tower has measured 20,000 and 30,000 square feet and the condominiums themselves about 2,500 square feet per unit.

The high price of the apartments match its high ceilings reaching nearly 20 feet with white oak staircases. The master bedroom is made to feel like a retreat, separated from the other bedrooms with a catwalk. The interior is made of glass walls and lined with hardwood floors. All of the condos in the building have their own private terrace and residents also have access to a third-floor landscaped rooftop garden.

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