GID’s Waterline Square, the starchitect-designed, three-building luxury residential development located along the Hudson River, has commenced closings and initial occupancy of its condominium residents. GID has also already paid off the entire condominium portion of the financing package for Waterline Square, totaling $585 million. Funding was originally provided by a bank syndicate led by Wells Fargo as Administrative Agent, along with co-lead arrangers HSBC, National Bank of Abu Dhabi, and JP Morgan.
Waterline Square has been designed by a team of famous visionaries, featuring architecture by Rafael Viñoly Architects, Richard Meier & Partners Architects, and Kohn Pedersen Fox Associates. The interior design is created by Champalimaud Design, Yabu Pushelberg, and designer Groves & Co. Since launching sales in 2017, the development has achieved record-breaking success, including the highest price-per-square-foot ever achieved on Riverside Boulevard and the sale of Penthouse A at Two Waterline Square, priced at $18 million.
One of the most successful new residential developments in Manhattan, Waterline Square offers an unparalleled amenity collection: a 100,000-square-foot space designed by David Rockwell that is home to a regulation-size indoor tennis court and indoor skate park, both the first of their kind in residential development in NYC. Each residential tower offers its own selection of exquisite private amenity spaces including large great rooms with fireplaces, private dining rooms, media and game rooms, billiards lounges and landscaped terraces with outdoor kitchens.
Waterline Square is located near some of the best parks, dining, shopping and cultural institutions that New York City has to offer, including Lincoln Center for the Performing Arts, Columbus Circle, Central Park, Riverside Park and Hudson River Park. The surrounding area is also home to prestigious academic institutions, including The Julliard School, LaGuardia High School of Music & Art and Performing Arts, Collegiate, Heschel and Fordham University Lincoln Center.
Prices start at approximately $2 million and the development has a 20-year tax abatement