
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.”
- ◦Development