Toll Brothers and Sam Zell’s Equity Residential have just released a teaser site for their condominium and rental project at 400 Park Avenue South. Designed by Christian de Portzamparc, “Sky Couture” at Park Avenue South and 28th Street will have 265 rentals developed by Equity Residential on the lower 22 floors, and 100 condos developed by Toll Brothers on the upper 18 floors. Pricing at the one- to five-bedroom condos starts at $1 million and goes over $10 million, according to BuzzBuzzHome.
Amenities at the building will include round-the-clock concierge service, a fitness center with yoga rooms, and an indoor lap pool, according to the project’s website.
Toll Brothers and Equity Residential paid A&R Kalimian $134 million for the site in 2011, the most expensive development deal of that year, as The Real Deal reported. [BuzzBuzzHome] – Hiten Samtani