Highly Anticipated Leasing of Phase 2 Exclusive Residences to Begin This Fall April 17, 2007-Related Companies proudly announced the complete sell out of The Caledonia's 190 condominium residences in just 8 months. Located at 450 West 17th Street between Ninth and Tenth Avenues and comprised on both luxury condominiums and luxury rentals, The Caledonia will be the first residential tower on the new High Line Park.
This rapid pace of sales has proven that the chic, evolving neighborhood will be the place to live in coming years. The Caledonia is Related's second successful hybrid building offering both condominiums and luxury rental residences following One Carnegie Hill on the Upper East Side. The Caledonia's 288 exclusive rental residences will be available for lease beginning this fall with occupancy expected in winter of 2008. Distinctive residences will range in size from alcove studios to two bedrooms and will feature the same unsurpassed amenities and a luxury lifestyle without compromise. Monthly rents are expected to range from $3,495 to over $10,000.
The Caledonia offers Zen luxury and enlightened design by renowned hospitality designer, Clodagh. Blending technology, primitive materials and ancient techniques such as Feng Shui, Clodagh approaches each residence as individual living spaces giving attention to the subtleties that make a luxury home, including details like bamboo flooring, oversized windows, and master spa bathrooms.
Equinox, the leading operator of upscale fitness clubs in New York, Chicago, Los Angeles, San Francisco and South Florida, was acquired last year by Related. At The Caledonia, Equinox will open its first fitness center and spa fully integrated within a Related residential tower. Featuring Fitness Lifestyle by Equinoxsm, The Caledonia will provide residents with private access to the fitness club, an exclusive resident fitness lounge with concierge, in-home training and spa services.
Related has also partnered with ASSOULINE, France's most prominent publisher of art, culture, photography and fashion and style books, where Assouline will launch its first culture lounge at The Caledonia.
"We are extremely pleased with the sales success of The Caledonia. Its contemporary and soothing design complemented with exceptional amenities such as the fully integrated Equinox Fitness Club and desirable location have made The Caledonia another success story for Related," said Susan M. de Franca, President of Related Sales.
The residences at The Caledonia were selected by a diverse group of purchasers already living in the Chelsea and Greenwich Village area. Its unique location, nestled between the meatpacking district and Chelsea's art district, where designer boutiques, chic restaurants, lounges and world famous art galleries abound, has made The Caledonia a highly sought after living environment. The Caledonia has attracted local, out of state and international individuals who are seeking sophisticated urban living combined with full service amenities and the backing of an industry leader with a proven track-record in luxury residential development.
The expected occupancy date for the condominium residences at The Caledonia is fall or late summer of 2008. For more information on The Caledonia please visit the website at www.thecaledonia.com.
