NEW YORK (April 30, 2008) — According to a recent report in Real Estate Weekly, Manhattan residential sales continue their “sizzling pace,” with LCOR’s Charleston and Chelsea Stratus experiencing strong sales activity. Both properties are more than 90% sold.

“The reality of Manhattan real estate sales remaining robust is reflected in the very active selling pace at The Charleston and Chelsea Stratus,” said David Sigman, Senior Vice President, LCOR. “In the first quarter of 2008, 68 residences were sold, representing more than $99,000,000 in sales. The caliber of these properties on all levels continues to be highly attractive to purchasers.”

Both The Charleston and Chelsea Stratus present a selling proposition that has been a winning formula since sales began, according to Real Estate Weekly. Andrew Gerringer, managing director of Prudential Douglas Elliman Development Marketing Group, the exclusive sales and marketing agency for both properties, remarked, “The unassailable selling success at Chelsea Stratus and The Charleston is what can be considered a bulletproof formula — premier location, elegant design, superior finishes, solid construction, distinctive amenities and world-class services.”

“Today’s purchasers are very well informed and extremely demanding in what they expect from a new condominium. LCOR has delivered two superior examples of exactly what today’s buyer wants in a home. ”

Highlighting both The Charleston and Chelsea Stratus are standout amenities and building services. Front-desk concierge and 24-hour doorman are just the beginning. Occupancy at The Charleston is immediate and at Chelsea Stratus is late spring.

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