Luxury Comes at an Affordable Price in Lower Manhattan

130 William Street currently via Google Maps

The Lightstone Group Development is bringing another 800-foot condo to Lower Manhattan. At 130 William Street, the developers are planning to offer luxury apartments at an affordable cost.

The developers were able to purchase the site below market rate, which allows them to price the condos at a lower cost. While there are no details on the exact cost of new condos, it is known that they will be less expensive than the neighborhood's competing projects, which are asking around $2,000 per square foot. Half of the building will consist of studios and one-bedrooms. The developers also promised to also add penthouses at a reasonable price.

The current tower stands 11-stories tall with retail space at the bottom that holds a Duane Reade, but no news has been released yet on the changes and additions to the building.

The project is expected to be completed by fall of 2019.