Used to work next to this tower, was always oddly empty. The only movement you ever saw were maids cleaning the occupied units. Many units were unoccupied concrete shells, 7 years after sales began and 5 years after construction completion.
It also raises the issue of new dev condos in NY in general - there are always problems and stakeholders are often busier trying to allocate blame than fix them.
The $100M repair bill sounds staggering, but put against a $2.5B sell through price for 125 units.. we are talking 4%.
The facade photos are scary for such a young building, this thing is not going to age well, clearly will be a public safety issue soon. This is what the city's otherwise overzealous facade inspection schedule is made for.
It also raises the issue of new dev condos in NY in general - there are always problems and stakeholders are often busier trying to allocate blame than fix them.
The $100M repair bill sounds staggering, but put against a $2.5B sell through price for 125 units.. we are talking 4%.
The facade photos are scary for such a young building, this thing is not going to age well, clearly will be a public safety issue soon. This is what the city's otherwise overzealous facade inspection schedule is made for.