What Lantern House does

Lantern House is a luxury residential condominium development located at 515 West 18th Street in the Chelsea neighborhood of Manhattan, New York City. Completed in 2020 and designed by Heatherwick Studio (founded by Thomas Heatherwick in 1994), the 22-story building comprises approximately 180 one-, two-, three-, and four-bedroom residences across 277,000 square feet. The architecture features a distinctive reinterpretation of the Chelsea warehouse style, with modern bay windows and a custom masonry façade, and the building forms part of a two-tower development that links underneath the High Line in the heart of the art gallery district. The property holds LEED Silver Certification and offers integrated amenities including a children's playroom, teen room, courtyard, fitness center with sauna and steam rooms, swimming pool, screening room, and event lounge space.

The development is owned, developed, and managed by Related Companies through Related Construction and Related Management Company. Condominium units were sold directly through Related's sales operations via the Related.com property page and a direct inquiry contact form; the property's current market status is listed as 'Previously offered', indicating the initial unit offering has concluded. The asset received three industry awards in 2021 (6sqft Building of the Year, Interior Design Best of Year Award, NYCxDesign Award) recognizing the design quality. Lantern House does not operate as a standalone legal entity with its own disclosed financials; it is a single property within Related Companies' broader real estate portfolio, and pricing of individual units is not publicly disclosed in the source material.

Name

Lantern House

Legal name

Lantern House

Website

https://lanternhouse.com

Company type

Private

Founded year

2020

Operating status

Operating

Short description

Lantern House is a 22-story, ~180-residence luxury condominium building in Chelsea, Manhattan, completed in 2020 by Related Companies with architecture by Heatherwick Studio. Units were sold through Related's direct sales operation and the development is now listed as 'Previously offered.'

Ownership category

akta.pro rank

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Operations, Marketing or Sales, Personnel, Infrastructure

Distribution channels1 record

Marketing channels2 records

Core offering

Lantern House is a luxury residential condominium building offering approximately 180 one-, two-, three-, and four-bedroom residences in Chelsea, Manhattan. The property is designed by Heatherwick Studio and developed by Related Companies, featuring integrated amenities including fitness center, swimming pool, screening room, children's playroom, and event lounge space. The 22-floor, 277k square foot building was completed in 2020 and is part of a two-tower development linking underneath the High Line.

Product overview

Lantern House is a single luxury condominium property offering approximately 180 residential units. The development is part of Related Companies' luxury real estate portfolio, featuring residences ranging from one- to four-bedroom apartments with amenities including a children's playroom, fitness center, swimming pool, screening room, and event lounge space. The building achieved LEED Silver Certification and was completed in 2020.

Differentiator

Problem solved

Functional benefit

Products and services

• Lantern House Luxury Condominiums A 21-story (22-floor) luxury condominium building comprising approximately 180 one-, two-, three-, and four-bedroom residences, designed by Heatherwick Studio with custom masonry façade and modern bay window interpretation. Many residences offer uninterrupted cityscape and Hudson River views. Includes integrated amenities such as children's playroom, teen room, courtyard, fitness center, men's and women's locker rooms, sauna and steam room, swimming pool, screening room, and event lounge space. Located in the heart of Chelsea's art gallery district as part of a two-tower development linking underneath the High Line.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Heatherwick StudioflagshipStrategic or Co-development PartnerHeatherwick Studio, founded by Thomas Heatherwick in 1994, served as the architect of record for Lantern House. The studio is internationally acclaimed for significant projects including the UK Pavilion at Shanghai World Expo 2010, Vessel at Hudson Yards, Lincoln Center Manhattan, Google campus in Silicon Valley (with BIG), and Zeitz MOCAA in Cape Town. Heatherwick Studio's distinctive design approach brought the signature bay window reinterpretation and custom masonry façade to the Lantern House development.

Scale indicators2 records

Recent moves4 records

Expansion highlights1 record

Direct peers

• Extell Development Company: Premier Manhattan luxury condominium developer responsible for Central Park Tower, One57, and other trophy towers. Direct peer in the high-end Manhattan condo development space, targeting similar high-net-worth buyers with architecturally significant skyline-defining projects.
• Macklowe Properties: Developer of 432 Park Avenue and other ultra-luxury Manhattan condominium towers. Direct peer competing in the same trophy Manhattan condo segment with similar price points, target buyer profile, and architectural prestige positioning.
• CIM Group: Co-developer of 432 Park Avenue with Macklowe Properties and a major investor in luxury urban real estate. Direct peer with significant overlap in Manhattan trophy residential development and luxury mixed-use projects.
• JDS Development Group: Developer of supertall luxury Manhattan towers including 111 West 57th Street and The Brooklyn Tower. Direct peer in the trophy Manhattan condo market with similar architectural ambition and ultra-luxury price positioning.

Broad incumbents

• Tishman Speyer: Global real estate developer with significant Manhattan luxury residential portfolio. Broad incumbent peer with comparable trophy asset development experience and similar institutional developer capabilities.
• SL Green Realty: Manhattan's largest office landlord with selective luxury residential exposure. Broad incumbent peer operating in the same Manhattan real estate ecosystem with institutional scale and trophy asset experience.
• Vornado Realty Trust: NYSE-listed REIT with concentrated Manhattan office and luxury residential holdings including 220 Central Park South. Broad incumbent peer sharing the Manhattan trophy real estate market with significant luxury residential exposure.
• Hines: Global privately-held real estate firm with luxury residential development across major markets including NYC. Broad incumbent peer with comparable trophy residential development capabilities and similar institutional developer profile.
• Brookfield Property Partners: Major global real estate operator with significant Manhattan luxury office and residential portfolio including Manhattan West. Broad incumbent peer with comparable institutional development scale and luxury NYC positioning.
• Related Companies: Parent entity of Lantern House and one of the largest US luxury real estate developers. Directly comparable as the developer/operator of Lantern House and as the broader portfolio context in which this asset sits, including other trophy Manhattan properties and Hudson Yards.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/lanternhousenyc

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lantern House