Bizzi & Partners' The Leonard surpasses 90% sold
January 27, 2014 - Brokerage
According to Bizzi & Partners Development, The Leonard - a new full-service condominium with historic architecture re-imagined for the contemporary downtown lifestyle - is more than 90% in contract. With contracts signed on two of the building's three penthouses, only a handful of opportunities remain at the 101 Leonard St. residence and interest continues to soar as buyers rush to secure their piece of Northeast TriBeCa.
"The unprecedented sales velocity at The Leonard is a testament to Bizzi & Partners' superior product and a sure sign that the market is heating up in Northeast Tribeca," said Karen Mansour, executive vice president of Douglas Elliman Development Marketing, the exclusive sales and marketing firm for The Leonard. "With more contracts out this week, I expect it won't be long before The Leonard is completely sold out."
Developed by Milan-based Bizzi & Partners Development in partnership with Boris Aronov, The Leonard is a circa 1904 neoclassical building that is being thoughtfully restored and re-envisioned with cutting-edge design, amenities and service. Upon completion in the summer of 2014, the 12-story boutique condominium will introduce 66 one- to three-bedroom residences ranging from 835 to 1,963 s/f, and a collection of expansive three and four-bedroom penthouses starting at 2,666 s/f, two with private terraces.
Showcasing interiors by the award-winning Mitchell Freedland Design and generously scaled floor plans by SLCE Architects, The Leonard perfectly blends contemporary elegance with quintessential Tribeca charm. The residences are lofty, open and airy with exceptional natural light, dramatic ceilings heights, soaring from nearly ten feet to more than 15 feet, and Appalachian solid oak flooring throughout. Spacious living rooms blend seamlessly with meticulously curated kitchens, featuring custom cabinetry in polished wood and lush lacquer finishes, expansive quartzite countertops, deep basin sinks, professional-quality Miele cooktops, multi-purpose islands, Grohe fixtures, and top-of-the-line appliances, including Miele and Liebherr. Master baths, appointed with natural limestone and elegant wood, provide serenity and spa-like comforts with sumptuous soaking tubs, frameless glass showers, all with Grohe fixtures, and custom double vanities with back-lit mirrors and abundant storage.
The Leonard also features an array of sought-after amenities, including a rooftop retreat with views of south and west TriBeCa, barbeque and grilling facilities, an inviting lounge area and a lush vertical garden. The children's playroom is vibrant and imaginative, housing a variety of toys, game tables and fun built-in furnishings, while the adjacent fitness center is fully-equipped and features a water bar. Inspired by contemporary TriBeCa, the distinctive lobby - defined by wood-paneled columns, 15-foot ceilings and two stunning pendant chandeliers - offers an intimate seating area and 24-hour attendance. Private storage compartments, bicycle storage and refrigeration for groceries is also available.
The Leonard is considered a pioneering development for Northeast TriBeCa, which is rapidly transforming into a vibrant corridor with new and forthcoming culinary, cultural, and retail attractions opening up and more residential development now in the works. Conveniently located near six subway lines, and just minutes from SoHo, FiDi and the center of thriving Lower Manhattan, The Leonard offers all of the benefits and prestige of a TriBeCa address but with unprecedented accessibility.
"We are proud to have reached another major sales milestone at The Leonard. This is an exciting project for Bizzi & Partners and it's incredibly rewarding to see how well it has been received," said Steven Della Salla, managing principal for Bizzi & Partners Development, which is also known for developing 400 Fifth Ave., the Gwathmey-Siegel masterpiece that re-branded Midtown South and dramatically increased the area's average price per s/f.