Alchemy Properties Partners With Douglas Elliman Development Marketing To Sell Majestic Residences At 35XV

-- Development with Unparalleled Light and Skyline Views Over 60 Percent Sold

NEW YORK, March 4, 2014 /PRNewswire/ -- Alchemy Properties has announced a strategic collaboration with Douglas Elliman Development Marketing on the marketing and sales of three-and four-bedroom residences at 35XV, its architecturally striking glass and stone condominium located at 35 West 15^th Street.

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"Douglas Elliman Development Marketing has a proven track record for selling homes on a grand scale in the Downtown market, which makes them the perfect complement to the Alchemy team," said Kenneth Horn, president of Alchemy Properties. "We are pleased to welcome Frances Katzen of Douglas Elliman, who will join the 35XV team as Co-Director of Sales, alongside Alchemy's Sales Director Wendy Triffon and Sales Manager Jill Preschel."

35XV currently has 20 expansive three- and four- bedroom residences available, ranging from 2,005 to 3,831 square feet. Each home offers sprawling living room spaces with exceptional open city views. Kitchens are the epitome of modern functionality, featuring Miele appliances, white lacquer Poggenpohl cabinetry and marble countertops. Master suites offer large dressing rooms and master baths feature serene steam showers and deep soaking tubs. Lavish powder rooms will be finished with huge Breccia marble slabs and wood paneling.

"We are thrilled to partner with the Alchemy team to market this exquisite development. 35XV, situated on a quiet tree-lined street, is unique to the market featuring modern residences with floor to ceiling glass with sweeping views of the Manhattan skyline," noted Susan de Franca, president and chief executive officer of Douglas Elliman Development Marketing. "We believe Frances Katzen is a natural fit for this development, with her vast experience in the high-end luxury market."

35XV's seventh floor will be dedicated to amenities, offering residents a beautifully designed lounge with billiards and personal wine storage for each owner in a custom refrigerated wine cellar adjacent to the dining room. The space will continue outside to an expansive 75-foot long outdoor terrace. A health and fitness center will overlook the terrace, with an elaborate children's room conveniently located alongside of it.

Remaining three- and four-bedroom residences are priced from $5.445M to $12.65M. Occupancy is slated for Fall 2014.

Prospective buyers can visit the sales gallery located at 135 Fifth Avenue. For more information, please visit www.35xv.com or call +1-212-244-3515.

About Alchemy Properties:

Headquartered in Manhattan, Alchemy Properties is a privately held real estate development and investment firm that is actively engaged in acquisitions, development, financing, construction management, repositioning, marketing, leasing and sales. Since the firm's inception in 1990, it has delivered over two million square feet of multifamily and condominium residences with a sellout value in excess of $2 billion. Alchemy's vertically-integrated staff currently develops and directs a diverse New York metro area real estate portfolio, including 35XV, the architecturally striking glass and stone condominium located at 35 West 15^th Street, and the Woolworth Tower Residences. For more information please visit www.alchemy-properties.com.

About Douglas Elliman Development Marketing:

Douglas Elliman Development Marketing, a branch of Douglas Elliman Real Estate, offers unmatched sales and marketing expertise for properties throughout New York City, Long Island, Westchester, the Hamptons, and South Florida as well as throughout the United States. The firm ranks amongst New York City's most prominent sales and marketing firms. Drawing upon decades of experience and market-specific knowledge, the Elliman team offers a multidisciplinary approach that encompasses every aspect of real estate including comprehensive in-house research, product development, marketing and sales, operations, property management, and mortgage financing. Through a strategic international partnership with Knight Frank Residential, the world's largest privately owned property consultancy, the company markets their properties to global audiences in 43 countries across six continents.