Related Group has launched sales for a 37-story tower called The District, according to brokers.
The District follows a formula catering to short term rentals that has led to strong sales success for multiple other towers in the area.
Buyers will be allowed to rent their units on Airbnb, brokers marketing the project wrote.
The project will include 343 residential units that will be delivered fully finished and furnished.
Units will be relatively small. One bedroom unit sizes will start at 558 square feet, with prices at just below $400,000. Two bedroom units will start $574,000 for a 786 square foot unit (there are also studios that are smaller and cheaper).
No parking garage is being built.
Sieger Suarez is the architect, with Meshberg overseeing interior design.
City records show that a demolition permit for the property was approved in October 2020.
Planning officials approved the project in April 2021.