Yesterday’s cover story in the real estate section of The Times zooms in on the growing number of condo owners who say they’re being given short shrift by developers. More and more buyers are claiming that though developers have promised them the sun, moon and stars, they’re not even meeting the most pedestrian of expectations. Per the article:
Anger toward developers is coming to a head as a record number of units are nearing completion. Manhattan will have 6,444 new condominiums completed this year, compared with 1,614 in 2005, according to Halstead Development Marketing. In Brooklyn, 3,768 units should be finished this year, compared with 480 in 2005.
Some of those thousands of newbie owners are griping about issues like buildings still being under construction after they move in; developers not speedily fixing problems such as electrical or plumbing snafus; obfuscation in terms of concrete move-in dates; and, well before they’ve moved in, lack of communication when it comes to particular details regarding layouts or amenities. We include the photo above from mezzanine-gate-related problems at the Scarano-designed Washington Condo in Prospect Heights last Fall. Anything similar happen to readers recently?
Condos, Brand-New Yet Not So Perfect [NY Times]