THE CONDO BOOK PROJECT

Foundations Group I

Held the general construction permit on the New Building job for 3 New York City condominiums, as the Department of Buildings records it. Each building below links its DOB job. A contractor replaced partway through still counts for the building.

Buildings
3
Residential units
117
Average $/unit
$5.72 million
Years
2014–2020
ManhattanBrooklynQueensBronxStaten Island 500 West 22nd Street Condominium, 500 West 22nd Street611 W 56th Street Condominium, 611 West 56th StreetSoori Highline Condominium, 522 West 29th Street

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Recent Growth

Foundations Group I's buildings and units by year for the last 6 years, and whether the pace is rising or falling.

No buildings accepted since 2021. 0% of all 3 dated buildings are from the last 3 years.

Year acceptedBuildingsUnits
2026 to date0—
20250—
20240—
20230—
20220—
20210—

Latest: 500 West 22nd Street Condominium, accepted Dec 1, 2020.

Strongest Relationships

The firms named most often on the same buildings as Foundations Group I, at least 2 in common.

Sponsor's counsel

Sales teams

  • Compass2 shared buildings · 67% of Foundations Group I's · 2019–2020

Property managers

Tax consultants

  • Marcus & Pollack2 shared buildings · 67% of Foundations Group I's · 2019–2020

From the same offering plans as the table below. A firm's own affiliates aren't counted.

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CondominiumAcceptedUnits$/unit
500 West 22nd Street Condominium500 West 22nd Street · Manhattan · new constructionNamed as Foundations Group I, Inc · Sponsor: Srep 10th Avenue Venture LLC** · DOB job 121190647 ↗ · permits 2019–2021202010$6.34 million
611 W 56th Street Condominium611 West 56th Street · Manhattan · new constructionNamed as Foundations Group I, Inc · Sponsor: 611 W 56th Street Property LLC · DOB job 121190585 ↗ · permits 2018–2023201980$1.24 million
Soori Highline Condominium522 West 29th Street · Manhattan · new constructionNamed as Foundations Group I, Inc · Sponsor: W29 Highline Owners LLC · DOB job 121329561 ↗ · permits 2018201427$9.57 million

$/unit is the offering price on the AG record divided by the residential units; the average is across the plans with both. Different spellings of one contractor's name are counted together.