Pricey Condos, Pretty Parkland and How to Buy Your Apartment for $100 — The Hook-up 12/22
Happy Holidays, Greenpoint! Greenpoint’s festive lights, abundance of holiday markets, and glorious array of bakeries has us all set for merry making. While we have some great ideas for last minute gifts, the news this week points to one big ticket item: if all you want for Christmas is a condo… you’re in luck. Two more properties in the area have been acquired by development firms.
Mortar Arch + Dev is planning a 5-story 14,000 square-foot project at 167 Eagle Street that will include 14 condos.
Grand Street Development has updated its design for 848 Lorimer Street, a six story building with over 36,000 square feet and 52 apartments.
Meanwhile, the waterfront esplanade promised in front of The Greenpoint, a 40 story development still in progress, is beginning to take shape. Private developers are required to create public park land, and to cede that land to the city, as part of the 2005 rezoning agreement. The esplanade should be complete by the spring.
If all this redevelopment is getting you down, here’s something that might bring a little cheer: the Queens Museum has a stunningly accurate 1:1200 scale model of New York City. The model was first commissioned by Robert Moses for the 1964 World’s Fair, and has been updated over the years. In order to maintain the model, the Queens museum is “selling” the miniature properties. For $100, you can buy any apartment you like, and even get a deed in the mail.