Future of Meier building?
Comments
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then I doubt they'd let him in.
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Dude the Dog would be more than welcome...but has to use the service entrance. Just like babies (at least babies in strollers).
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hmph. No wonder they haven't sold out.
...and here I was, blaming the economy. -
It was weird seeing the people in the 2nd floor apartment on the corner of Eastern Parkway and Plaza while crossing Eastern Parkway from the library on Friday. That thing is like a diorama! I don't think I could ever live on display like that.
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Subject: the future
in the future
angry people will continue to throw confused birds
at the meier compound -
Carnivore wrote: It was weird seeing the people in the 2nd floor apartment on the corner of Eastern Parkway and Plaza while crossing Eastern Parkway from the library on Friday. That thing is like a diorama! I don't think I could ever live on display like that.
The thing to do would be to install one-way mirrors, so that people can only see in and you can't see out. That way, you wouldn't be so conscious of people staring at you. -
Just walked past the monstrosity this afternoon. I counted three apartments that looked like people were living in them. All about the same level, 2nd and 3rd floor, one at the front and two at the back. None of which had any sort of window treatment. The people in the front one looked like an older couple.
I also worked out that half the ground floor, the bit behind the frosted glass is car parking! Not sure what is going in front on the ground floor, maybe some more trendy tables for people to not sit at. -
yes, the first floor rooms remain a mystery.
...maybe people will sit in those rooms if they rent them out for meetings or something, but I can't imagine tenants using the areas, no matter how shiny the stone floors.
Seeing cars thru the frosted glass is truly bizarre. I can see why no one would live there (fishbowl at street level!) ...They must not have gotten permission to have even professional space there. -
Subject: Re: the future
Karl the Druid wrote: in the future
angry people will continue to throw confused birds
at the meier compound
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It's almost May, interior construction seems to have reached a standstill, and (despite claims of "more than 50% in contract") it looks like less than 20% are actually occupied.... making one wonder if people are going to walk away from their contracts and lose the 20%.
It hasn't resorted to rentals ....yet.
But, some units are now offered for $650 a square foot, as opposed to over $1k!
http://www.brownstoner.com/brownstoner/archives/2009/04/opp_price_cuts.php#comments
Ouch. ...it would be brutal to be among those who purchased in this building when it was being built in 2007 (almost peak of the market). Clearly an instance of the the rich getting less rich.... -
it's not a "claim" that 50% have sold, all you need to do is go to streeteasy and see that 53 units have been sold. supposedly there were originally planned to be around 100 units, but that number was decreased when they realized that larger units were selling better, so they combined some and made fewer units.
53 sold. (some for OBSCENE prices)
16 for sale currently.
not sure if there are others waiting in the wings, but at least 50% have sold.
http://www.streeteasy.com/nyc/building/1-grand-army-plaza-brooklyn -
maybe they'll rent out the billards room to raise some cash.
...children's birthdays.
...Brooklynian gatherings? -
six months later, about 20% of the apartments appear to be occupied.
...and, to my horror and amusement, this week they began advertising that the public could now park in their very empty garage on a monthly and hourly basis.
I guess they had to get some revenue somehow.
...it wasn't coming from sales or maintenance fees. -
A friend who is in contract there says they aren't closing b/c they are having financing problems & some in contract are taking legal action to either spur their closing or to get out.
On a different note, the old pool table & the trendy black light fixtures seem kind of incongruous there. I imagined some elegant Italian leather sofas. -
What's the monthly rate? It's such a good location for me that I'd almost consider getting a car if the rate was competitive enough.
I wonder if they'd consider permanently selling a parking space. Any ideas what that would go for? -
I don't know the monthly rate ...but I think it is posted on the wall.
Last night, it didn't like like they were open yet, just getting ready.
...Yea, maybe they'll be desperate enough to rent out the room with the pool table and widescreen TV to us.
man, they would have to be desperate to do that. -
Carnivore wrote: What's the monthly rate? It's such a good location for me that I'd almost consider getting a car if the rate was competitive enough.
From what I have seen on Brownstoner and other sites buildings sell parking spaces between $35,000 and $50,000.
I wonder if they'd consider permanently selling a parking space. Any ideas what that would go for? -
Yeah - some in the slope were going up over $70k a while back....but monthly parking is more expensive there as well. I think that new builidng on Sterling east of Washington has spaces for sale...maybe you could get a comp there.
The new parking sign is really ugly and out of place with the fancy-pants glass aesthetic, btw. -
arches wrote:
...desperation always is.
The new parking sign is really ugly and out of place with the fancy-pants glass aesthetic, btw. -
can we still throw dead birds at the meier compound?
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whynot_31 wrote: [quote=arches]
...desperation always is.
The new parking sign is really ugly and out of place with the fancy-pants glass aesthetic, btw.
i agree. can't believe that garish, circus- like sign is richard meier approved. you design a building meticulously, adding countless stipulations about what sort of curtains, etc the residents can have consistent with the building's aesthetic, and then they turn the garage into a honky tonk. -
Crazy thing... more than a dozen condos have gone under contract at the M Building this spring, according to StreetEasy.
(It's hard to find the listings, since they don't appear under the building's listing. Instead I looked at all the activity in PH, in order by the most expensive.) -
whynot_31 wrote: I don't know the monthly rate ...but I think it is posted on the wall.
I've only seen people playing on that table once in the whole time it's been there.
Last night, it didn't like like they were open yet, just getting ready.
...Yea, maybe they'll be desperate enough to rent out the room with the pool table and widescreen TV to us.
man, they would have to be desperate to do that.
I like the fact the people that bought the place above that room have to deal with the skate boarders doing tricks under their windows on Eastern Parkway. Plus they paid all that money to have their window shades up all the time. -
Carnivore wrote: What's the monthly rate? It's such a good location for me that I'd almost consider getting a car if the rate was competitive enough.
$225/mo, according to flyers they've been leaving around. Don't know if that some special teaser rate or what. I would have expected it to be higher than the places on Underhill, but I think that's actually a little cheaper.
I wonder if they'd consider permanently selling a parking space. Any ideas what that would go for? -
at what point will we be able to park in the spaces that were going to be apartments?
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arches wrote: [quote=Carnivore]What's the monthly rate? It's such a good location for me that I'd almost consider getting a car if the rate was competitive enough.
$225/mo, according to flyers they've been leaving around. Don't know if that some special teaser rate or what. I would have expected it to be higher than the places on Underhill, but I think that's actually a little cheaper.
I wonder if they'd consider permanently selling a parking space. Any ideas what that would go for?
I would make some points:
Generally, when more inventory comes online, prices go down, not up.
This is a recession and cars are not necessities in New York City, so demand for spaces may be falling (arguable but possible).
Finally, most people don't care if they have a fancy pants garage or basic or even ugly one, as long as its covered and gaurded. The value is proximty to one's residence (vs price). -
Lo Kee wrote:
Yes, proximity is why i find the price to be low. The garage is a 2 minute walk from the place on Flatbush/Plaza street that charges $300 or so. And a 5 minute walk from places in Park Slope that charge $400+. I suspect they will raise the prices once they fill the garage.
I would make some points:
Generally, when more inventory comes online, prices go down, not up.
This is a recession and cars are not necessities in New York City, so demand for spaces may be falling (arguable but possible).
Finally, most people don't care if they have a fancy pants garage or basic or even ugly one, as long as its covered and gaurded. The value is proximty to one's residence (vs price). -
We got a spot for $225/month + tax. No real catch. Just a lot of supply. Nice folks that work there too (the garage is a separate business from the condo.)
It's all month-to-month, and I also suspect that prices will "correct" when the economy gets better.arches wrote: [quote=Carnivore]What's the monthly rate? It's such a good location for me that I'd almost consider getting a car if the rate was competitive enough.
$225/mo, according to flyers they've been leaving around. Don't know if that some special teaser rate or what. I would have expected it to be higher than the places on Underhill, but I think that's actually a little cheaper.
I wonder if they'd consider permanently selling a parking space. Any ideas what that would go for? -
arches wrote: [quote=Lo Kee]
Yes, proximity is why i find the price to be low. The garage is a 2 minute walk from the place on Flatbush/Plaza street that charges $300 or so. And a 5 minute walk from places in Park Slope that charge $400+. I suspect they will raise the prices once they fill the garage.
I would make some points:
Generally, when more inventory comes online, prices go down, not up.
This is a recession and cars are not necessities in New York City, so demand for spaces may be falling (arguable but possible).
Finally, most people don't care if they have a fancy pants garage or basic or even ugly one, as long as its covered and gaurded. The value is proximty to one's residence (vs price).
those prices are ridiculous. I pay $180 nearby. -
indeed, they are. where do you park for $180?
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