One High Line Achieves $1 Billion in Record Time for NYC Residential Sales

One High Line Surpasses $1 Billion in Sales

In a groundbreaking achievement, One High Line, a luxury condominium project located in West Chelsea, New York City, has surpassed a staggering $1 billion in sales. This milestone marks it as the fastest residential project in Manhattan to reach this figure in the past decade according to a recent announcement made by its developers, Witkoff Group and Access Industries. The project, which has captured a remarkable 7% share of the entire new development market by dollar volume last year, showcases the high demand for real estate in this iconic city.

A Record-Breaking Performance

One High Line is not just any residential development; it has been deemed the best-selling new project in downtown Manhattan for 2024, with signed contracts totaling $460 million. Among the highlights, the project boasts four penthouses, with three selling for over $25 million each. One unit is even listed at an eye-watering $52 million, while another has an asking price of $49 million.

Alex Witkoff, Co-CEO of the Witkoff Group, expressed his enthusiasm for this success, stating, "Surpassing $1 billion in sales is an incredible milestone for One High Line. Buyers understand that One High Line is a once-in-a-generation opportunity to own in West Chelsea and is a unique masterpiece of residential distinction unlike any other residential project currently on the market."

Architectural Excellence

Designed by the renowned Danish architecture firm Bjarke Ingels Group, One High Line spans an entire city block and features two mesmerizing, twisting travertine towers. The interiors, crafted by world-class designers Gabellini Sheppard and Gilles Boissier, provide residents with unbeatable views of both the Hudson River and the iconic New York City skyline.

Jonah Sonnenborn, Senior Managing Director at Access Industries, shared his insights, saying, "We saw the potential for an asset that would lead the market by offering residents the ultimate in New York luxury, with unparalleled amenities, views, and location."

Amenities Beyond Compare

Residents of One High Line enjoy access to an extensive range of exclusive amenities, totaling 18,000 square feet. This includes a state-of-the-art wellness center complete with a 75-foot lap pool, fitness studio, steam rooms, saunas, and private treatment rooms. Recreational amenities feature a glass-enclosed lounge, golf simulator, private dining area, and a catering kitchen, providing an exceptional living experience.

Adding to the luxury appeal, the development will also house the prestigious Faena Hotel, which is set to open later this year. This provides residents with access to the Faena Rose members' club, a lavish spa, and an exciting nightlife experience with live entertainment.

Conclusion

One High Line is clearly redefining luxury living in New York City, attracting high-end buyers and setting a new standard for future residential developments. With starting prices for remaining residences beginning at $2.13 million for a one-bedroom unit, the project represents a unique opportunity for those looking to invest in one of the world’s most dynamic real estate markets.

For more information about One High Line, prospective buyers can visit their website or contact the sales office directly at [email protected] or 917-819-7176.