The Exchange would have 153 high-end apartments and 12 condos, with 20% of units set side at below-market rents. Construction is to start in December.
The Exchange would contain 153 rental apartments and 12 for-sale condos on the 15th and 16th floors. There would be about 6,500 square-feet of ground-floor space that was originally planned to be retail space, but in response to the coronavirus pandemic and its effect on the market demand, will instead be carved into 30 private for-lease offices.
The asking rents and prices for the apartments and condos have yet to be set, although 20% of the apartments will be reserved at below-market rents for those with incomes under the area median.