Slow Selling Hyde Midtown Still Has 45% Of Units Remaining

About 55% of units at Hyde Midtown have been sold, according to broker Michael Light.

The project is being planned by Related Group and Dezer Development. The partnership paid $12.1 million for the property, and also signed over the rights to the retail in the new project.

Units are available at an average of $580 per square foot, with some units selling for as low as $476 per square foot.

It is one of Related’s slowest selling projects, with marketing underway since late 2013, when  promotional event for the project was held during Art Basel. Conversion to contract began in December 2014.