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GRID Group Sells Out Two Chelsea Condo Projects

GRID Group said Tuesday it had achieved the sell-out of both 124 W. 16th St. and the Grid at 246 W. 16th St., two boutique luxury condominium projects that officially launched sales in 2020. Reportedly they’re among the fastest sellouts in Manhattan new development history. 

Between them, 124 and 246 W. 16th total 20 units, with pricing ranging from $3,450,000 to $11.4 million. Retail space at the Grid includes the developer’s new headquarters. Nicole Hechter and Masayo Hashimoto of Corcoran New Development marketed the units for sale.

“Our success on 16th Street is a testament to our collective outlook on value creation through doing things right,” said Yiannes Einhorn, principal at GRID Group. “It is a joy to have residents move in and enjoy the quality that we painstakingly delivered in collaboration with our project managers, design team and in-house construction team.” 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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