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March 13, 2008
Development Watch: 23 Caton Place
The Karl Fischer design at 23 Caton Place in Kensington has topped out and most of the walls have been framed out. The 107-unit project, which is right across from the Kensington Stables, is being brought to you by developer Moshe Feller. Feller and Fischer have some other projects in the works over in Greenpoint. Presumably the Caton Place property will be on the market by summer at this rate.
At 23 Caton, Laboring on Labor Day [Brownstoner]GMAP P*Shark DOB
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Comments
There are no amenities or a commercial district in that area. It is cut off by OP to the West and North and by CIA to the East. However, there is an interesting row of townhouses on Kermit Place off OP with stone swans on their stoops.
Posted by: guest at March 13, 2008 12:22 PM
Depneding upon when they finish this is probably going to be rentals. Developers want to sell in Kensington at 2003 Park Slope prices, but in this market, it ain't gonna happen.
Posted by: guest at March 13, 2008 12:34 PM
How many years until move-in day? 2012? 2014?
Posted by: guest at March 13, 2008 1:12 PM
'...other projects in the works over in Greenpoint'???
That article's over two years old. As far as I know, Fischer's 15-story 60 Commercial Street tower, listed on his site as being completed last year, hasn't been started.
Here's hoping his equally ugly 200 Franklin Street finger and 50 Greenpoint Ave NJ office-park-looking condos (both completion: 2008) also get left in the rendering stage.
We've already got a Scarano Fedders house for old folks; no more starchitecture, please.
/Sorry about the threadjack...
Posted by: deadnancy at March 13, 2008 1:58 PM
Project's dead in the water from what I hear. Funding issues perhaps?
Posted by: Action Jackson at March 13, 2008 3:42 PM
AH! Nothing better than the smell of fresh horse piss, and musty horse ass under my new condo window!
Posted by: guest at March 13, 2008 5:05 PM
I don't know about this place but we just sold our 550 sq.ft 1 bed off OP and Church for $270. The market may be slowing but affordable apartments are hard to come by... and honestly, I don't think $270 was a steal for our place.
Posted by: guest at March 13, 2008 7:44 PM
There are a lot of basic amenities nearby on Church Avenue in Kensington. The usual Pizza, Chinese, Nail Salons, drug stores, but also the fab new Thai Tony's, which I wish was on Cortelyou, over here in Flatbush? Any Thai restaurant entrepreneurs listening?
Posted by: guest at March 14, 2008 9:17 AM
Thai Basil on macdonald is much better than thai tony's and a lot cheaper. Met Moshe the other day walking by the site (I think it was him anyway) and he said prices will be around $500/sq.ft. which is on par with park circle listings NOW (not initially) and is a much nicer block, assuming your central air negates the horse poop smell during the summer
Posted by: guest at March 19, 2008 3:47 PM
Wow. That neighborhood is blowing up. They need more retail to support the people. The horse stable seems to be pretty well maintained. I have walked by there and it really doesn't smell too bad.
Posted by: guest at March 25, 2008 10:14 AM
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