Over 80% of the luxury homes at 1600 Broadway on the Square, a 27-story residential and retail complex on the east side of Broadway between West 48th and West 49th Streets, have been sold in just ninety days.
Sherwood Equities is the developer of 1600 Broadway on the Square, the first residential condominium in Times Square. It contains 137 studios, one bedrooms, one bedrooms with home offices, two bedrooms, two bedrooms with home offices, and luxurious penthouse residences.
"Buyers are amazed that they can purchase luxury homes with an incredible amenities package right in the heart of Times Square" said Jeffrey Katz of Sherwood Equities
Each home has gracious nine and a half foot high ceilings, floor-to-ceiling windows, and washers and dryers. Gourmet kitchens feature Golden Leaf granite countertops, full height sandblasted mirrored backsplashes, and contemporary Italian rift cut oak cabinetry, as well as premium Subzero, Miele, LG, and Bosch stainless steel appliances.
All the homes at 1600 Broadway, many of which feature balconies, have dramatic cityscape views. 1600 Broadway on the Square also contains a host of premium amenities, including a state-of-the-art fitness center; entertainment lounge with plasma television, bar and billiards; virtual golf amenity with sitting room; vending services; fully equipped business center; landscaped terrace on the fourth floor with trees, a putting green and rolling lawns; rooftop observatory with furniture to enjoy the city views; 24-hour attended lobby with doorman, concierge, and resident manager; and private storage facilities.
"Although there have been many reports that the residential market has slowed, this certainly hasn't been true at 1600 Broadway on the Square," says Jacqueline Urgo, of The Marketing Directors. "It just goes to show that when you have a centrally-located, beautifully-designed and meticulously-planned building, buyers will come."
Homes will be ready for occupancy in the spring of 2006. Prices for remaining homes range from one to three million dollars.