BFC Partners, a New York real estate development company, has topped off Jupiter 21, a newly constructed 12-story residential development at 21 East 1st Street on the corner of Second Avenue in the East Village.
The topping-off was completed after the 12th floor was added to the 65-unit residential development.
Jupiter 21 features 13 affordable residential condominium units, 52 market-rate rental units, and two commercial condominiums on the ground level of the building.
Construction is slated for completion in Spring 2013 with occupancy to follow.
“We are excited to celebrate this significant milestone in the development of Jupiter 21, which offers both luxury and convenience,” said Donald Capoccia, principal and founder of BFC Partners.
“In a prime East Village location with very high demand and little inventory, we anticipate a quick completion of sales and leasing next year.”
The first building to be developed under HPD’s new inclusionary housing program, nine of the building’s condominium units have been reserved for the tenants of the original buildings displaced by the new construction. The remaining four units will be sold through a separate Lower East Side supervised lottery. The Corcoran Group will handle leasing for the rentals.
GF55 Partners designed each residence at Jupiter 21 to maximize space and light. Condominium and rental units will be offered in a mix of studio, one- and two-bedroom floor plans and will feature oversized windows, natural hardwood floors, walnut kitchen cabinets and European appliances.