ANBAU ENTERPRISES ACQUIRES DEVELOPMENT SITE FOR CONDO TOWER

NEW YORK CITY — New York City-based Anbau Enterprises has acquired a 55,000-square-foot development site, located at 124 W. 23rd St. in New York City, for $19 million. The developer plans to build a 16-story residential condominium tower on the property. Initial plans call for 34 residences ranging in size from 600-square-foot studios to 2,400-square-foot penthouses. The building will feature a 24-hour doorman and concierge, a community garden, a recreation area, storage facilities and 4,000 square feet of ground-floor retail space. Anbau also plans to develop the project with sustainability in mind, going beyond the current LEED points system. BKSK Architects has been selected to design the building, with Andres Escobar & Associates serving as interior designer. The developer has secured acquisition and construction financing through The Bank of New York Mellon. A construction timetable was not released.