Alchemy Properties' Oculus Condo reaches 100% sold and closed

In the midst of the Unites States' largest housing crisis, Alchemy Properties' Oculus Condominium, located in New York City's Chelsea neighborhood at 50 West 15th St., has reached 100% sold and closed, achieving 99% of its original offering plan pricing. "Although we started closings in October 2008, we only lost one contract, which was replaced with a full-priced offer and points to the strength of our product and buyers' confidence in the building," said Kenneth Horn, president of Alchemy Properties. "We're thrilled with the success of The Oculus Condominium and look forward to similar success at our other properties." Alchemy Properties is currently offering homes for sale at Hudson Hill Condominium, located at 462 West 58th St. Sales are expected to launch in the near future for Isis Condominium, located at 303 East 77th St., and additional condominium developments are expected to launch in 2010. Designed by FXFOWLE Architects and named after the eye-catching oculus in Rome's Pantheon, The Oculus Condominium's most prominent feature is its unique terra-cotta facade, a rebirth of the material distinct from the now commonplace all-glass "see-through" facades. The Oculus Condominium contains 47 studio, one, two, and three-bedroom residences ranging in size from 624 s/f to 2,428 s/f.