Ian Schrager carves up $80M penthouse at 160 Leroy

Call it the (overpriced) penthouse effect. After shooting for the stars with an $80 million penthouse at 160 Leroy Street, Ian Schrager is the latest developer to fall back to Earth with two smaller and less expensive units. The Studio 54 co-founder – apparently taking a page from projects like 43

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Perhaps it’s the imminent invasion of La Vida Loca at Ian Shrager’s 40 Bond. New York’s Finest turned up in all their undercover glory late Wednesday afternoon and very smoothly cleared quiet.

It will be apparent when Ian Schrager’s 160 Leroy building rises out of the ground that it was inspired by the philosophy of the great Brazilian architect Oscar Niemeyer-which Pritzker Prize winning architects Herzog & de Meuron used as a starting point in conceiving this original, new iconic structure.

PMG’s project is a stone’s throw from Ian Schrager’s 49-unit, 142,000-square-foot condo project at 160 Leroy Street. PMG is also developing an ultra-skinny, 1,400-foot-tall towerat 111 west 57th street in partnership with Michael Stern’s JDS Development Group.

 · A brief round-up of what a budget of under $8 million buys in the West Village new condo market.. 2. 160 Leroy. Developed by Ian Schrager, 160 Leroy has 49 units that range in size from 2,351 square feet to 4,557 square feet. The development stretches an entire city block and is unmistakable, thanks to its unique shape.

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160 Leroy is your last chance to own a home on the water in the West Village. One- to four-bedroom condos and penthouse available. Concept by Ian Schrager.