Five Nine John Lofts is a conversion of an office building to luxury lofts that began last summer. The 73-unit condo located at 59 John Street will offer one-, two-, and three-bedroom apartments, most with home offices. Sales began in September, and half the units have already been purchased. Prices now range from $795,000 for a one-bedroom apartment to $2.55 million for a penthouse. Current buyers primarily include residents already living below 14th Street and families who have found themselves priced out of Tribeca, a sales representative for the building said. Occupancy is scheduled for late December 2006.
Five Nine John Lofts was designed by Andres Escobar with architect Karl Fisher. All the apartments have high ceilings, oversized windows, and luxury finishes. Many larger apartments on the upper floors will have fireplaces and outdoor space. The building originally stood at nine floors, but four new stories are being added.
The lobby will feature a reflecting pool, and there will be a lounge with an adjoining garden. Other building amenities include 24-hour doorman/concierge, storage rooms, and a fitness center. A 6,000-square-foot ground floor space currently occupied by the condo's sales office will be available for retail purposes.
