New York, NY. Nixon Peabody LLP is proud to have represented an affiliate of Centurion Property Investors in the rental-to-condominium conversion of a prominent Upper West Side building at West 72nd and Broadway.
212 West 72nd Street, nestled between Central and Riverside Parks, was originally built as a luxury rental property in 2010. It has now undergone a complete transformation, from the residences to the lobby and common areas. The residences, which are intended to evoke the feel of a pre-war home, receive substantial sunlight since the building is surrounded by low structures and wide streets. The building’s first two floors house retail and consumer services.
In addition to advising on the condominium conversion process and offering plan, Nixon Peabody is handling all of the contracts and closings for the 110 residences, which range from one to five bedrooms. Residents are taking occupancy in more than a dozen units that Nixon Peabody closed since mid-August.
“We are honored to continue working on this project, and it has been thrilling to watch the renewed vision for this building come to life,” said Nixon Peabody partner Erica F. Buckley, leader of the firm’s Cooperatives & Condominiums team. “Congratulations to the Centurion team and the entire Corcoran sales team for seamlessly executing this vision.”
Award-winning architecture and interior design firm CetraRuddy reimagined the interior of the building, creating bright, expansive spaces that celebrate the iconic curved floor-to-ceiling glass windows. In addition, 212 West 72nd Street houses a new suite of indoor-outdoor amenities for warm weather activities, including grilling and outdoor yoga, and features a residents’ lounge on the third floor that opens onto a landscaped outdoor terrace as well as an adjacent children’s playroom and fitness center.