- Joined
- Oct 9, 2017
- Messages
- 13,794
- Reaction score
- 7,497
- Gender
- Male
- Political Leaning
- Other
We're breaking ground for a new 30 story condo 4 blocks from the Amazon site on Jan 4. Planning started 6 years ago. Two of the original partners have passed this year. Units of raw residential space start at about $2 mil ea plus custom build out, floor thru with views of the UN and midtown Manhattan. With exception of the 4 penthouse units, 30k sq ft ea, all units are sold and build out designs in progress. The bidding war for the 4 penthouse units started at $8 mil each. This was once a factory site. It is one subway stop to midtown. On a nice day it is a lovely walk or bicycle ride over the 69th Street bridge. There will be a 180 unit secure parking garage adjacent to our building reserved for residential units the first year it is opened, each unit selling for $120k, fully subscribed with units reserved for the unsold residential units. There will be two gyms, an inside swimming pool with a controlled environment and club, a rooftop pool and club, assorted concierge services and medical offices.
This is the first of 8 new constructs on land we already own. Land and buildings no one else wanted. We have a list more than 3500 potential buyers for the planned 472 units. It is not for the poor or middle class. There are no tax programs benefiting the properties, no abatements, no need or room for political approvals or extortion. All construction is as of right. All plans are already Building Department approved. Any attempts by politicians, local or otherwise, bureaucrats, unions, whatever to interfere or grab the honeypot were met with harsh realities that were planned and unexpected on their part well in advance of soft costs being spent. There is no lack of eager buyers.
Every attempt at gaining political credit by anyone has caught a face slam, and we are ready for more at every level. We can easily embarrass anyone who tries with their own skeletons in the closets.
The same type of activity is happening in the Garden State, across the Hudson River, in the old cities of New Jersey, begging for gentrification. My niece and her fiancé just picked up a 12 room brick house, built in 1851 in Jersey City, divided into apartments, for $400k. They are restoring it to its once one family grandeur. 10 minutes into midtown Manhattan on the tubes. The neighborhood is a beautiful, treed, almost suburban environment attracting young middle class families of substance. By the time their first child arrives that house will have 4 bedrooms, full baths, an eat in kitchen, formal dining room, parlor, wraparound porch, finished basement entertainment center, 4 car garage, upstairs porch, a guest cottage that was once servant quarters, on almost 2 acres of land. Their neighbors, like them, are young professional families with the same desires.
Yes, these are not domiciles for the middle class as we know the middle class. There is no room for the poor. There is no want of active buyers.
For some these are scenarios of doom and gloom, for the rest of us, this is the future we made and are now seeing our children improve upon. If you can't cut it, live somewhere else. We don't want you here. Arrogant? Damn straight. We haven't forgotten Gerry Ford and those who approved of his attitude when NY asked for help. We are not obligated to make your lives better, and we really do not care what you think of us.
This is the first of 8 new constructs on land we already own. Land and buildings no one else wanted. We have a list more than 3500 potential buyers for the planned 472 units. It is not for the poor or middle class. There are no tax programs benefiting the properties, no abatements, no need or room for political approvals or extortion. All construction is as of right. All plans are already Building Department approved. Any attempts by politicians, local or otherwise, bureaucrats, unions, whatever to interfere or grab the honeypot were met with harsh realities that were planned and unexpected on their part well in advance of soft costs being spent. There is no lack of eager buyers.
Every attempt at gaining political credit by anyone has caught a face slam, and we are ready for more at every level. We can easily embarrass anyone who tries with their own skeletons in the closets.
The same type of activity is happening in the Garden State, across the Hudson River, in the old cities of New Jersey, begging for gentrification. My niece and her fiancé just picked up a 12 room brick house, built in 1851 in Jersey City, divided into apartments, for $400k. They are restoring it to its once one family grandeur. 10 minutes into midtown Manhattan on the tubes. The neighborhood is a beautiful, treed, almost suburban environment attracting young middle class families of substance. By the time their first child arrives that house will have 4 bedrooms, full baths, an eat in kitchen, formal dining room, parlor, wraparound porch, finished basement entertainment center, 4 car garage, upstairs porch, a guest cottage that was once servant quarters, on almost 2 acres of land. Their neighbors, like them, are young professional families with the same desires.
Yes, these are not domiciles for the middle class as we know the middle class. There is no room for the poor. There is no want of active buyers.
For some these are scenarios of doom and gloom, for the rest of us, this is the future we made and are now seeing our children improve upon. If you can't cut it, live somewhere else. We don't want you here. Arrogant? Damn straight. We haven't forgotten Gerry Ford and those who approved of his attitude when NY asked for help. We are not obligated to make your lives better, and we really do not care what you think of us.