At Manhattan's biggest condo project, 100 sales is just a start

New York

MANHATTAN'S biggest new condo tower has reached a milestone: Buyers have signed contracts for 100 units at the property that Extell Development Co is building on the Lower East Side. Only 715 more sales to go.

In a market brimming with luxury construction and wealthy buyers holding back amid so many choices, Extell is tasked with selling out a veritable neighbourhood at its One Manhattan Square project on South Street. At 815 units, the tower has the second-largest number of condos in any single Manhattan building and the most for a newly built property.