The Naftali Group’s 12-story condominium dubbed The Seymour has topped out just six months after breaking ground. Though we’ve yet to see the traditional topping-out tree, a flag can be seen pitched atop the concrete frame of the building’s bulkhead–a sure sign of the completion.
Sales have been just as speedy with more than half of the building’s 67 units in contract. According to CityRealty, there are currently nine units available on the market with an average price of $1,882 per square foot, ranging from $1.3 million for a one-bedroom unit to $3.95 million for a three-bedroom home on the 10th floor.
The practice of “topping out” a new building can be traced to ancient Scandinavian religions where a tree was placed atop a new building to appease the tree-dwelling spirits (’tis the season!). Traditionally, the topping-off ceremony was a marker that construction had advanced to the point where developers could begin searching for buyers. However, in this hot residential market where units are up for grabs relatively early in the construction phase, it seems a buyer’s best bet is to snap up units closer to when the first shovel hits the ground.
The Seymour is designed by the residential gurus at Goldstein Hill & West Architects and poses a traditional exterior of gridded casement windows broken into rectangular double-height sections, recalling the clean simplicity of the area’s historic manufacturing buildings. The industrial nod has grown popular with residential developers in Midtown South, with buildings such as 456 West 19th, Tamarkin’s 508 West 24th Street, and AVA High Line referencing this quintessentially New York aesthetic. Another Naftali Group condo project at 234 East 23rd Street also sports the look.
See more renderings of The Seymour in our gallery below, and let us know what you think of the design in the comments.
Renderings via the Naftali Group
Neighborhoods : Chelsea