Waterline Square, the three-tower residential mega-development designed by Richard Meier & Partners Architects, Rafael Viñoly Architects, and Kohn Pedersen Fox Associates (KPF) and being developed by GID Development Group, has been recognized as the city’s fastest-selling new development by dollar volume and by the number of units sold in 2017. The highly anticipated development, which topped out in December 2017, has reported 53 contracts signed across all three towers, totaling approximately $200 million within the first six months of sales and set record pricing for the neighborhood. Waterline Square set a new price-per-square-foot record on Riverside Boulevard, signing a $15.5 million, $4,097 per-square-foot residence. A selection of one-to-five bedroom homes starting at $1.85 million are available at Waterline Square, including an anticipated 20-year tax abatement. Closings are slated for the beginning of 2019.
“Waterline Square is a ground-breaking development, and we couldn’t be more excited to see it come to life so quickly,” said James Linsley, President of GID Development Group. “It’s very gratifying to see such an incredible response from the market, as well as the enthusiasm from our buyers who see how special this project is. Each unit purchased at Waterline Square has been sold for the original asking price without any discounts, which is a testament to the great product we’re offering.”
“Waterline Square continues to defy broader market trends by setting pricing records and achieving an impressive sales velocity,” said Kelly Kennedy Mack, President of Corcoran Sunshine Marketing Group, exclusive marketing and sales agent for Waterline Square. “Real estate brokers and buyers recognize the value in purchasing a home by some of the world’s greatest architects and designers, with incredible amenities and a 20-year tax abatement.”
Waterline Square features 3 towers designed by Richard Meier (One Waterline Square), Rafael Viñoly (Three Waterline Square), and Kohn Pedersen Fox (KPF) (Two Waterline Square), located between West 59th Street and West 61st Street on the Hudson River. Boosting the already star-studded group of architects are interiors by world renowned designers Champalimaud (One Waterline Square), Yabu Pushelberg (Two Waterline Square), and Groves and Co. (Three Waterline Square). Landscape design for the 3-acre development is Mathews Nielsen Landscape Architects, who designed the space featuring tree-lined groves, open grass areas, walking paths, a playground, fountains, and other water features. Located within Two Waterline Square will be the new Cipriani food hall, which will feature 28,000 SF of food and beverage establishments including restaurants, fast casual outlets and and market and is designed by Martin Brudnizki. Waterline Square more than 100,000 square feet of best-in-class sports, leisure, and lifestyle amenities, as well as the beautifully landscaped park, residents at Waterline Square will also have access to one of the largest and most compelling offerings in New York City. The Waterline Club, which connects One, Two, and Three Waterline Square, offers thoughtfully programmed sports and fitness, swim and spa, leisure and social, creative, children, and pets spaces. In addition to The Waterline Club, each individual building at Waterline Square will have its own selection of exquisite private spaces available to condo residents. The mega-project features 263 condominiums that begin on or above the 20th floor of each building. Units range from one- to five-bedroom homes and feature a rich selection of hand-picked materials, custom kitchen cabinetry and marble baths with custom-designed vanities, over-sized windows, and high ceilings. Prices start at approximately $2 million and the development anticipates a 20-year tax abatement. Closings are slated to begin in late 2018. Check out PROFILEmiami's coverage of the reveal of the Waterline Square amenities in October 2017 and the kickoff of CS Talks hosted by Cipriani and GID Development.