Green Condo in West Village Cuts Penthouse Asking Price to $18.95M

The developers of the LEED-hopeful One Jackson Square in the West Village have cut their asking price for the penthouse duplex by $2.8 million.

One Jackson Square

It’s been quite some time since we checked in on One Jackson Square, the 11-story, KPF-designed condominium project in the West Village that was developed by Hines and RFR. Earlier today, though, the Wall Street Journal beat us to the punch by reporting that the developers have cut their asking price for the penthouse duplex at the 33-unit, LEED-hopeful (still, according to USGBC, under LEED for New Construction Version 2.2) development by $2.8 million (to $18.95 million).

Hines recently commissioned interior designer Brad Ford to furnish the 5,695-square-foot penthouse – which features a 55-foot-wide living room with curved glass walls and a 1690-square-foot terrace with a pool and outdoor kitchen – into completely furnished space. According to Hines, it selected Mr. Ford because his design aesthetic complements One Jackson Square’s green design mission.

27 of the 33 units at One Jackson Square have already been sold; the penthouse was originally designed by KPF as two separate apartments but was combined as demand for large apartments swelled during the run-up to the 2008 market bust. Hines notes that “many units” that closed over the past year went for six to ten percent below asking prices.

One Jackson Square sits on an irregularly-shaped 10,697 square foot floor plate on the stretch of Greenwich Avenue between West 13th and 14th Streets. Green design features include optimized indoor air quality, high-performance building systems, and a green roof that covers more than twenty percent of the total site footprint. KPF’s design attempts to mimic a rock in water, with ripples flowing outward. The building is also across the street from Jackson Square Park, a small greenery dating from the 1800s with a similarly awkward site plan thanks to the 1811 Commissioner’s Plan that created Manhattan’s grid system.

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One Response to Green Condo in West Village Cuts Penthouse Asking Price to $18.95M

  1. Elyse Kim Friday, January 21, 2011 at 6:22 pm #

    This condo looks wonderful. It is amazing how we are now able to use more environmentally friendly technologies is amazing, and the trend to go green in New York Building Construction is one that should be supported in every way. That is what makes this expo so exciting. However, with all of the options currently available and the wide range of prices, researching the options is an invaluable first step. McGraw Hill’s New York Construction site is a great resource for this. They have a ton of important information, including who is available for hire and what they are like, as well as what products and manufacturers there are. While I may work with them, they have honestly been a great help in all of my projects and have saved me both time and money. You should check it out.