FiDi Luxury Rental Tower ‘The Lara’ is Almost Fully Leased
- May 16, 2014
The Lara, one of the newest rental buildings in Manhattan’s Financial District, is already 90 percent occupied after only four months on the market. The announcement was made by Triumph Property Group, the real estate sales company that is handling marketing and leasing at the luxury tower located at the corner of Ann and Nassau streets, close to City Hall Park and the Brooklyn Bridge.
Originally called 113 Nassau, the 30-story structure replaced a blighted mid-rise building that, according to CityRealty, was the original home of The New York Times from 1851 until 1853 when the newspaper moved to a larger location nearby. The six-story brownstone, which most recently housed a McDonald’s, was demolished in 2007 to make room for the condo building but the project was stalled shortly after because of the recession.
The Lara was developed by Ann/Nassau Realty LLC and designed by SLCE Architects. Sleek and sophisticated, the building includes 10,000 square feet of residential space totaling 168 apartments—133 of which are market-rate—that start from the seventh floor. The units range from studios (all of which have been leased) to two-bedroom residences, with rents reaching $6,500 a month for a two-bedroom apartment.
All residences feature hardwood strip flooring, central air conditioning and heat, LED lighting, solar shades and custom built-in closets. The building also offers a roof deck, two outdoor terraces, and a fitness center. The residents’ lounge is located on the fifth floor and features a library, television and a fireplace, while the gaming/media room on the sixth floor offers the latest gaming consoles, Apple TV and Netflix capabilities. The Nassau Club @ The Lara features 10,000 square feet of indoor and outdoor luxury amenities such as a boxing studio and a kitchen for catered events. As reported by Curbed NY, residents will pay $300 a year to have access to this luxury club, but they will get a 50 percent discount during the first year of subscription.
The building’s commercial component encompasses approximately 35,000 square feet of space and its address is 111 Nassau Street. According to The Real Deal, the retail portion (which is available for rent for $100 per square foot) could be occupied by restaurants, while the office space could be leased for around $1.2 million by private schools and media companies.
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Rendering via The Lara on Facebook