550 Vanderbilt (at Dean). Pacific Park, FKA Atlantic Yards - Page 2 — Brooklynian
Crown Heights/Prospect Lefferts Gardens
Fort Greene, Clinton Hill, Bed-Stuy
Williamsburg, Greenpoint, Bushwick
BoCoCa (Boerum Hill, Cobble Hill, Carroll Gardens)
Coney Island, Brighton Beach, Sheepshead Bay
Brooklyn Heights, DUMBO and Downtown
Windsor Terrace / Kensington
Greenwood Heights and Sunset Park
Brooklyn and Beyond
Brooklyn Back When
The Lounge / Random Stuff
Brooklyn Sports and Fitness
Frequently Asked Questions (FAQ)
APARTMENTS and REAL ESTATE
Sales Openings Events
550 Vanderbilt (at Dean). Pacific Park, FKA Atlantic Yards
Perhaps a bigger piece of the puzzle than Trump:
edited March 2017
Fascinating. I believe it (that there's a possible connection btwn stricter rules just placed on chinese buyers and the slowdown of sales at 550)
Real Estate prices are bonkers everywhere, but I've always felt that this building's prices are particularly out of whack for it's distance from trains, stores or a pretty block. It gives me the sense of investors buying into the idea of brooklyn without fully vetting the details.
"Without fully vetting the details" plus not concerned with practical living features because they don't plan to live there.
The buyers likely are concerned with obtaining US Citizenship and resale value.
They have to own it for some period of time before it counts toward citizenship.
Also not trusting their own banks and so looking West for a relatively secure asset to store their cash
I wonder how much a developer has to "tip" the state department in order to have purchases of their properties count toward visas and citizenship.
How do the tips ultimately get to the entities who bless the properties?
Likely to be a very specialized field of practice.
acris has 550 vanderbilt buyers. they're actually chinese, from china!
A list of names and home cities of the buyers! This is going to be so fun to check back in on
When it is all over, I suspect we will be able to conclude that targeted marketing and incentives work.
Note, here's how desperate some Chinese investors are to participate in the program:
...some are doing far worse than those investing in this building
I don't think anyone can qualify for EB-5 by purchasing an apartment in this building. The EB-5 investor group came earlier in the project by putting up (part of) the capital for its construction. That's not the same as buying an apartment.
So, just the investors in Greenland Holdings are eligible?
No, i think most of the eb-5 funds were raised by Forest City Ratner before Greenland got involved (which seems to be end of 2013).
Greenland to now own 95% of the project.
This discussion has been closed.
Powered by Vanilla
Terms of Service