A very quick New Development Round-Up.
There have been some very interesting properties which have hit the market in the last few days.
I will be seeing: 130 w 12th, 374 Broome very soon.
We’ll touch on a building which I had seen last year, and revisited with a customer recently.
As with many new projects that survived the downturn, the Dillon is now about 65% sold out.
The finishes are modern, those units facing the street benefit from terrific light, and it has a feeling of space and air that seems to be achieved from a very light palette.
Worth a look.
The sponsor is negotiable as well.
One neat item- the parking spots are for sale for $150,000 each (also negotiable, I believe).
They are deeded, which like some parking in Tribeca I recall- you can sell them independently of the property you own in the building- I do not think they will sell to you if you do not own in the building (right now), but with common charges of $123/month for the parking, it works about to about $500 parking- and you can lease the spot to a friend if you wish.
77 Reade– sometimes the light palette doesn’t work that well.
I felt this way about 77 Reade.
Something about the finishes didn’t grab me. Perhaps the contrast between the brick facade and the interiors.
Something didn’t match up in my mind.
I had seen this in the summer and then revisited recently.
Not a love affair.
I feel that 57 Reade will ultimately be a bigger success.
New construction needs to own what it is, and some context for interiors rooted in a partial old, partial new construction like 77 Reade makes for a challenge.
The Morellino, 159 w 118th.
While I am a huge fan of 2280 Frederick Douglass Boulevard- other new buildings in Harlem have just not done it.
The Morellino, which came out of the box a few years ago, has made a new push.
I’m just not in love.
There is a mismatch in pricing and quality of finish.
Perhaps they are negotiable on pricing.
More to come next month.