It takes some big brass ones to launch a new condo development in this market so yesterday’s opening of The Caroline is worth taking note of. It’s a 44-unit Karl Fischer design that appears to be targeting the under-$500-per-square-foot crowd. Nine listings have been released so far, ranging from $342,000 for a 755-square-foot one-bedroom to $529,000 for a 1,115-square-foot two-bedroom. If anyone lives nearby, we’d love to see a photo of what the facade looks like in real life.
601 Ocean Parkway Listings [Corcoran] GMAP