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Future of Meier building?

brownie
brownie
edited November -1 in Prospect Heights
A lot of units are still unsold, right? What do you think they will do with them? Sell at big discount or rent?
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Comments

  • candicissima
    candicissima
    Probably high end rental like One Hanson aka the Williamsburg Savings Bank clocktower building.
  • bkchickie
    bkchickie
    Has anyone actually moved into the building yet?
  • arches
    arches
    They seem to leave many of the apartment lights on, but I haven't actually seen any people in there. I guess that's the eco-friendly contribution to the neighborhood.

    Occupancy was supposed to begin late-08, last I heard. And over half the units had sold (if you believe their salesforce).
  • arches
    arches
    They seem to leave many of the apartment lights on, but I haven't actually seen any people in there. I guess that's the eco-friendly contribution to the neighborhood.

    Occupancy was supposed to begin late-08, last I heard. And over half the units had sold (if you believe their salesforce).
  • arches
    arches
    They seem to leave many of the apartment lights on, but I haven't actually seen any people in there. I guess that's the eco-friendly contribution to the neighborhood.

    Occupancy was supposed to begin late-08, last I heard. And over half the units had sold (if you believe their salesforce).
  • whynot_31
    whynot_31
    I think there are occupants. I've seen people walking around the apartments at night, there is furniture, and the doorman now wears a tie.
    ....before he was just in a security outfit.

    I predict rentals, like Hanson Pl.
  • whynot_31
    whynot_31
    I think there are occupants. I've seen people walking around the apartments at night, there is furniture, and the doorman now wears a tie.
    ....before he was just in a security outfit.

    I predict rentals, like Hanson Pl.
  • arches
    arches
    Ah, well Whynot has clearly done a better job of snooping around, presumably under the guise of "walking his dog". I was looking at the side facing the library at New Years fireworks, and almost all the apt lights were on, but there was nobody standing at the windows and the place looked pretty bare. I know there are a few of the units furnished as model apartments.

    Maybe we need to offer an honorary title to the first Meier-ian who outs him/herself on Brooklynian and gives us the inside scoop.
  • arches
    arches
    Ah, well Whynot has clearly done a better job of snooping around, presumably under the guise of "walking his dog". I was looking at the side facing the library at New Years fireworks, and almost all the apt lights were on, but there was nobody standing at the windows and the place looked pretty bare. I know there are a few of the units furnished as model apartments.

    Maybe we need to offer an honorary title to the first Meier-ian who outs him/herself on Brooklynian and gives us the inside scoop.
  • hatemail
    hatemail
    The Wall Street Journal asked some influential people three questions:

    What professional project do you plan to complete in 2009? What personal resolution do you finally hope to keep next year? And what problem should your industry or professional community tackle more effectively?

    Richard Meier, 74
    Architect, New York City

    PROFESSIONAL: A 15-story apartment building with 102 condos on Prospect Park in Brooklyn.
    PERSONAL: To lose weight by walking to work from now on.
    INDUSTRY: The creation of sustainable urban open public space. The state and federal governments should take an active role in protecting the open spaces we have now.

    So wouldn't that mean it's not finished? I thought they were just apartments dressed to sell. I could be wrong though.
  • hatemail
    hatemail
    The Wall Street Journal asked some influential people three questions:

    What professional project do you plan to complete in 2009? What personal resolution do you finally hope to keep next year? And what problem should your industry or professional community tackle more effectively?

    Richard Meier, 74
    Architect, New York City

    PROFESSIONAL: A 15-story apartment building with 102 condos on Prospect Park in Brooklyn.
    PERSONAL: To lose weight by walking to work from now on.
    INDUSTRY: The creation of sustainable urban open public space. The state and federal governments should take an active role in protecting the open spaces we have now.

    So wouldn't that mean it's not finished? I thought they were just apartments dressed to sell. I could be wrong though.
  • brownie
    brownie
    Re Meier's desire to create sustainable urban open public space, why doesn't he lobby to make Atlantic Yards parkland?
  • brownie
    brownie
    Re Meier's desire to create sustainable urban open public space, why doesn't he lobby to make Atlantic Yards parkland?
  • belzjm
    belzjm
    I hadn't thought move-ins had begun yet.

    Last I heard (about 6 months ago), they had sold 60%.

    It takes about 40-50% sold for the developer to recoup costs typically, so this isn't bad considering how expensive the units are.
  • belzjm
    belzjm
    I hadn't thought move-ins had begun yet.

    Last I heard (about 6 months ago), they had sold 60%.

    It takes about 40-50% sold for the developer to recoup costs typically, so this isn't bad considering how expensive the units are.
  • bricktop
    bricktop
    I went for a tour of some of the apartments about a month ago and the building was no where near completed. All of the floors I was on had uncompleted apartments. There only seemed to be a couple of totally completed ones.....totally still a construction zone.

    When the saleswoman asked what I was thinking of spending and I told her "at least a couple million," she actually laughed!

    That said, I loved a couple of the apartments. Views to forever, above the tree line. Gorgeous.
  • bricktop
    bricktop
    I went for a tour of some of the apartments about a month ago and the building was no where near completed. All of the floors I was on had uncompleted apartments. There only seemed to be a couple of totally completed ones.....totally still a construction zone.

    When the saleswoman asked what I was thinking of spending and I told her "at least a couple million," she actually laughed!

    That said, I loved a couple of the apartments. Views to forever, above the tree line. Gorgeous.
  • whynot_31
    whynot_31
    Arches is right, I've only been snope-ing. When I see the first stroller go in around 11 PM, I'll run home and post.

    The building was asking 1000+ a sq ft, even for the modest apartments. Treeline stuff was lots more. There are lots still available if you have $ to blow...

    You'll also get the priviledge of me looking in your big windows under the guise of walking my dog.

    C'mon, blow a few million. Gentrify the heights even more....
    http://corcoran.com/agents/profile.aspx?userid=1GAP&Region=NYC
  • whynot_31
    whynot_31
    Arches is right, I've only been snope-ing. When I see the first stroller go in around 11 PM, I'll run home and post.

    The building was asking 1000+ a sq ft, even for the modest apartments. Treeline stuff was lots more. There are lots still available if you have $ to blow...

    You'll also get the priviledge of me looking in your big windows under the guise of walking my dog.

    C'mon, blow a few million. Gentrify the heights even more....
    http://corcoran.com/agents/profile.aspx?userid=1GAP&Region=NYC
  • belzjm
    belzjm
    41 sold, 19 for sale according to that Corcoran listing page.

    Not bad...

    I guess there's more around somewhere (not yet released maybe?) but I know they also have been combining apartments to make fewer, larger apartments. Last I heard it was down to around 100 total, but perhaps they've combined even more since...
  • belzjm
    belzjm
    41 sold, 19 for sale according to that Corcoran listing page.

    Not bad...

    I guess there's more around somewhere (not yet released maybe?) but I know they also have been combining apartments to make fewer, larger apartments. Last I heard it was down to around 100 total, but perhaps they've combined even more since...
  • whynot_31
    whynot_31
    they've been on the market for what seems like forever. They were over priced back when the boom was, well, booming.
  • whynot_31
    whynot_31
    they've been on the market for what seems like forever. They were over priced back when the boom was, well, booming.
  • danielle123
    danielle123

    Subject: Why did she laugh?

    Bricktop wrote: I went for a tour of some of the apartments about a month ago and the building was no where near completed. All of the floors I was on had uncompleted apartments. There only seemed to be a couple of totally completed ones.....totally still a construction zone.

    When the saleswoman asked what I was thinking of spending and I told her "at least a couple million," she actually laughed!

    That said, I loved a couple of the apartments. Views to forever, above the tree line. Gorgeous.
    Why did she laugh? Were you joking or did she think you couldn't afford a couple mil?
  • danielle123
    danielle123

    Subject: Why did she laugh?

    Bricktop wrote: I went for a tour of some of the apartments about a month ago and the building was no where near completed. All of the floors I was on had uncompleted apartments. There only seemed to be a couple of totally completed ones.....totally still a construction zone.

    When the saleswoman asked what I was thinking of spending and I told her "at least a couple million," she actually laughed!

    That said, I loved a couple of the apartments. Views to forever, above the tree line. Gorgeous.
    Why did she laugh? Were you joking or did she think you couldn't afford a couple mil?
  • whynot_31
    whynot_31
    belzjm wrote: 41 sold, 19 for sale according to that Corcoran listing page.

    Not bad...

    I guess there's more around somewhere (not yet released maybe?) but I know they also have been combining apartments to make fewer, larger apartments. Last I heard it was down to around 100 total, but perhaps they've combined even more since...
    hmmm, not sure where you saw that....(and don't want to split hairs)

    But my reading of this page shows that they are currently listing 60 apartments.
    http://corcoran.com/property/search.aspx?FP=BP&ListingID=899522&Region=NYC

    which would put them at around 50%.

    Rentals! Anyone got 6k a month for a rental? ...no neighbors!
  • whynot_31
    whynot_31
    belzjm wrote: 41 sold, 19 for sale according to that Corcoran listing page.

    Not bad...

    I guess there's more around somewhere (not yet released maybe?) but I know they also have been combining apartments to make fewer, larger apartments. Last I heard it was down to around 100 total, but perhaps they've combined even more since...
    hmmm, not sure where you saw that....(and don't want to split hairs)

    But my reading of this page shows that they are currently listing 60 apartments.
    http://corcoran.com/property/search.aspx?FP=BP&ListingID=899522&Region=NYC

    which would put them at around 50%.

    Rentals! Anyone got 6k a month for a rental? ...no neighbors!
  • fillylabinga
    fillylabinga
    I browsed around their site a bit and a bunch of them seem to be under contract. Don't know if there are 19 under contract, but there's a bunch. Kinda suspicious that there'd be that many contracting actually...
  • god
    god
    fillylabinga wrote: I browsed around their site a bit and a bunch of them seem to be under contract. Don't know if there are 19 under contract, but there's a bunch. Kinda suspicious that there'd be that many contracting actually...
    suspicious?
  • bkchickie
    bkchickie
    If I had a couple of mil to blow on a place (and I so, completely, totally do not), and if I were in the market for a new-construction, almost-like-Soho, name-architect-designed place, my issue w/the Meier building building might be the neighborhood amenities.

    While they're perfectly fine for little ol' me (someone who is most decidedly happy with my 2nd-floor, pre-war walkup w/uneven floors and all kinds of old-house quirks), I could easily see how someone with Manhattan expectations but a Brooklyn budget (although I think that you could easily find a place in Manhattan for these prices) would be really disappointed in what the neighborhood currently offers. That might be a sticking point for future sales, especially in this market.