Savanna receives TCO for 183-unit condo with $398M sellout in Morningside Heights

Savanna, on December 3, was issued a temporary certificate of occupancy for construction of a 183-unit, 316,416-square-foot condo building at 525 West 122nd Street in Morningside Heights. The development currently has a $398 million sellout with the New York State Attorney General. The condo plans were submitted on August 10, 2017.

The DOB plans, pre-filed on February 23, 2017, call for the construction of a 385-foot tall, 33-story residential building. The time from pre-file to TCO was three years and 10 months.

The project is described in the filings as: application filed herewith for the construction of a new residential building.

The building has several amenities, including a pool, gym, teen room, study room, children’s play room, 73-car garage, and dining area. The 183 units start on the second floor, with five units, and continue through the 32nd floor. No floor has more than eight units.

SLCE architects were in charge of the design.

The property was acquired for $77 million on January 28, 2016.

The developer received a $176 million construction loan from Deutsche Bank for the development in January of 2018.

Direct link to Acris document. LINK

Direct link to DOB document. LINK

Direct link to C of O document.LINK