SL Green Announces Sellout of Giorgio Armani Residences at 760 Madison Avenue
17 Juli 2024 - 10:10PM
SL Green Realty Corp., Manhattan’s largest office landlord, today
announced the sellout of the exclusive Giorgio Armani Residences on
Manhattan’s Upper East Side. All 10 residential units within the
premier luxury condominium project are now under contract for gross
consideration totaling $168.2 million. The sales are expected to
close in the fourth quarter of 2024.
“SL Green’s premier development platform,
together with our partnership with Giorgio Armani, resulted in an
extraordinary residential experience for buyers who understood the
rarity of this New York City offering,” said SL Green Chief
Investment Officer Harrison Sitomer. “We’re proud to have
brought these select homes to market alongside such an esteemed
fashion icon.”
760 Madison was conceived in collaboration with
the renowned New York-based architecture firm COOKFOX and the
award-winning Victoria Hagan, who served as creative consultant to
SL Green. The ground-up new development features a stunning fluted
limestone façade that reflects the classic nature of the Armani
brand while respecting the historic aesthetic of the Upper East
Side. Several of the units come with Central Park views and coveted
outdoor space. Each home exudes the understated elegance for which
Armani, COOKFOX and Hagan are known.
“Armani and SL Green conceived of a building like no other which
has attracted the most discerning clientele from around the globe
who’ve seized the opportunity to own a residence on one of the most
iconic and coveted avenues in the world. We’re proud to have been a
part of this irreplaceable development,” said Susan de França,
President and CEO of Douglas Elliman Development Marketing.
Douglas Elliman Development Marketing (DEDM) has
been the exclusive marketing and sales agency of record, led by
award-winning brokers Sabrina Saltiel and Madeline Hult
Elghanayan.
About SL Green Realty Corp. SL Green Realty
Corp., Manhattan's largest office landlord, is a fully integrated
real estate investment trust, or REIT, that is focused primarily on
acquiring, managing and maximizing the value of Manhattan
commercial properties. As of June 30, 2024, SL Green held interests
in 55 buildings totaling 31.8 million square feet. This included
ownership interests in 28.1 million square feet of Manhattan
buildings and 2.8 million square feet securing debt and preferred
equity investments.
About The Armani GroupEstablished in 1975 by
Giorgio Armani, Chairman and CEO, the Armani Group is one of the
leading fashion and luxury goods companies in the world. With 8,698
employees and nine production plants, the Group designs,
manufactures, distributes and directly retails fashion and
lifestyle products including apparel, accessories, eyewear,
watches, jewellery, cosmetics, fragrances, and furniture and home
décor and operates in the areas of food and beverage and
hotellerie.
About Douglas Elliman Development Marketing
(DEDM)Douglas Elliman Development Marketing, a division of
Douglas Elliman Realty, offers unmatched expertise in sales,
leasing, and marketing for new developments throughout New York
City, Long Island, Westchester, New Jersey, Florida, California,
Massachusetts, and Texas. The company’s new development hybrid
platform matches highly experienced new development experts with
skilled brokerage professionals who provide unparalleled expertise
and real time market intelligence to its clients. The firm is
heralded for its achievements in record breaking sales throughout
each of its regions. Drawing upon decades of experience and
market-specific knowledge, Douglas Elliman Development Marketing
offers a multidisciplinary approach that includes comprehensive
in-house research, planning and design, marketing, and sales.
Through a strategic global alliance with Knight Frank Residential,
the world’s largest privately-owned property consultancy, the
company markets properties to audiences in 53 countries,
representing an over $87 billion global new development portfolio.
https://www.elliman.com/marketing
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Press Contact:slgreen@berlinrosen.com
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