Glenwood's Barclay Tower Fully Leased

Demand for Glenwood's Barclay Tower, the Ultimate in Luxury Manhattan Real Estate,             Exceeds Expectations

 April 1, 2008 (New York, NY) - Glenwood, the leading developer of full-service luxury high rise Manhattan apartments, announced that it has now leased 95% of its residences at its newest property, Barclay Tower, located on 10 Barclay Street in the high-demand downtown neighborhood of TriBeCa.  The 396-unit high-rise building brings unrivaled luxury living downtown.

"The healthy demand for residences at Barclay Tower has exceeded our expectations," Gary Jacob Executive Vice President of Glenwood said.  "As people increasingly flock to lively downtown neighborhoods, Barclay Tower meets the rising need for luxurious living-standards in this desirable location. Glenwood is proud to offer the pinnacle of luxury apartments in New York City and we're thrilled that Barclay Tower has leased so quickly."

Glenwood's prestigious properties are developed with the residential tenant in mind, providing a caliber of rental-living in Manhattan that sets it apart from other developers.  Presenting a rare combination of generous space and impeccable services and amenities, Barclay Tower's floor plans are designed to maximize usable living space, with soaring nine-foot ceilings and oversized windows that flood homes with natural sunlight.

Spacious one, two and three-bedroom apartments are arranged with no more than nine apartments per floor to provide residents with a discerning level of privacy.  Eat-in kitchens, elegant granite counters and floors, vast closet and storage space, a washer/dryer in every apartment, and top of the line fixtures are a few of the many features that provide these homes with unparalleled luxuries.

"Our renters know that living in a Glenwood building guarantees their standard of life, and we are happy to provide them with all the luxuries once thought to be exclusive to the condo market," Mr. Jacob said.

Nestled in the hub of downtown Manhattan, flanked by the Financial District, Battery Park and TriBeCa, Barclay Tower provides a unique mix of historic charm and upscale retail shopping from eccentric boutiques to Whole Foods.  Barclay Tower joins Liberty Plaza and Tribeca Bridge Tower in Glenwood's downtown portfolio which has redefined downtown living with a new standard of luxury.

For leasing information please contact David Stern, Glenwood's leasing manager at the company's Downtown Luxury Leasing Center at 212-430-5900.

 

ABOUT GLENWOOD

For over four decades, Glenwood has been dedicated to improving and enriching the "quality of life" offered in each of its luxury Manhattan rental buildings.  Prestigious locations, outstanding amenities, elegant lobbies, and impeccable services are benchmark qualities that have become synonymous with the Glenwood name.  The continuity established as owner, builder and manager for each of its properties has garnered Glenwood accolades as the leader in its field.  They continue to maintain their status in the industry by providing the highest standards of living for their residents.  Innovative design, superior construction and meticulous supervision of building personnel distinguish all Glenwood residences.