Goliath

Sales begin for Elad’s 6th Ave. glass penthouses

November 23, 2005

With construction of its rooftop residences about to begin, developer Elad Properties has just released for sale five condominium homes that will adorn the top of the landmark Hugh O’Neill Building at 655 Sixth Avenue in Chelsea.

Each penthouse will offer over 5,000 s/f of space in addition to a 2,500 s/f outdoor terrace. Asking price: $7.5million.

The three soon-to-be-constructed townhouse residences, each with about 2,500 s/f of space, are being priced from about $2.5 million to $3.5 million.

These will truly be one-of-a-kind homes,” asserted Elad president Miki Naftali.

The units consist of two sprawling glass penthouse residences that overlook the Ladies Mile historic district and extend virtually the entire blockfront from 20th to 21st Streets and three townhouse-like duplexes on the building’s 20th Street rooftop.

Adding yet another unique dimension to its “glass homes in the sky,” Elad, as part of its plan to recreate the legendary structure’s original design, is restoring 32-foot high golden domes to the top of each of the building’s corner turrets. Each glass penthouse residence will have its own spectacular domed turret, reachable by interior staircases, as part of its living space.

Built in 1887 as the city’s first major department store, the 5-story Hugh O’Neill Building ultimately set the stage for Chelsea’s historic Ladies Mile shopping district. Now it is ushering in a new era for luxury condominium living in the district.

Just weeks after launching Phase One of its sales program, over two-thirds of the 49 palatial one, two and three bedroom residences on the building’s lower floors have been sold, according to Richard Cantor of Cantor Pecorella, Inc., exclusive sales agent for the property. He notes that prices for the remaining units start at $1.7 million.

The remarkable transformation now taking place at 655 Sixth Avenue is being carried out from architectural plans by the New York-based design team of Gal Nauer Architects and Cetra/Ruddy Incorporated.

Residences will feature vast rooms with breathtaking Corinthian columns and ceiling heights of up to 15 feet that are further enhanced with distinctive crown moldings wrapped around all doors and windows. Each home entry will feature an articulated raised panel door dramatically lit to highlight its every detail. Kitchens will have airy, open layouts featuring brushed stainless faucets, cabinets with hidden handles, hand finished stone countertops and backsplashes and stainless steel appliances. Bathrooms feature rich wood and dynamic marble mosaic tile floors.

Building amenities include 24-hour concierge, a handsomely decorated lobby, individual storage areas, and all homes will be wired for multi-phone lines, high speed internet and digital TV.