505 West 47th Street
Building Area: 74,650 sf
Pitcairn is marketed this development project for sale, and it was sold in January 2007. The substantially designed and approved development consists of a 95-unit condominium residence located between 47th and 48th Streets and 10th and 11th Avenues in Manhattan\\\'s Clinton neighborhood. As designed, the project will consist of two seven-story structures, totaling 86,800 square feet, joined by a landscaped courtyard. Studio, one and two bedroom residences will range in size from 370 to 1,139 square feet.
Clinton is an emerging neighborhood, increasingly attracting new development and improvements. Approximately 4,000 rental units and few condominiums have been delivered since 1995. Most condominiums are contained in two high-rises, both over 10 years old, neither of which offers a contemporary image. Meanwhile, strong activity is creating a critical mass of amenities for those interested in home ownership, including Studio City, planned for 44th Street and 10th Avenue, and major presences of Prada and Kenneth Cole on 11th Avenue in the 50s.