Development Watch: Glacial Pace at 109 Gold

It's been over a year since the ~~visigoths~~ developers responsible for tearing down St. George's Church at 109 Gold Street to make way for a seven-story, 33-unit residential building received their building permits from the Department of Buildings. Only in the past couple of weeks have the cinderblock walls of the building's first floor become visible over the top of the plywood fence. As we mentioned when we checked in back in February, the one potentially saving grace about the project is that the developers have sprung for the architectural services of Kutnicki Bernstein.
Development Watch: 109 Gold Street Revisited [Brownstoner]
Development Watch: 109 Gold Street [Brownstoner] GMAP
The Destruction of St. George's Church Continues Apace [Brownstoner] P*Shark
St. George's Demo Halted, But the Damage Is Done [Brownstoner] DOB

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Comments

why would anyone live in vinegar hill. i dont see 1 redeeming quality. you're near a powerplant, projects, far from subway, it looks dumpy w/no character or greenery, and the closest amenities are DUMBO which is slightly less depressing.

Posted by: goldie at July 7, 2009 3:08 PM

"architectural services of Kutnicki Bernstein"

Good or cheap? Better be the latter.

***Bid half off peak comps***

Posted by: Brownstones Half Off at July 7, 2009 3:10 PM

We live there because it's quiet, we have water and city views from our 3rd floor apartment, it's a 5 min. walk from the F train, one stop from work in Manhattan, the trees, the light is amazing at sunset, we have friendly neighbors who all like this hood because other don't.

Posted by: VHR at July 7, 2009 3:25 PM

This is 2 blocks from Jay street - York St. station.
Most NYers would love to be so close to subway.
And probably could walk to chinatown in 30 minutes (bike in 7) for cheap and fresh vegetables.

Posted by: Petebklyn at July 7, 2009 3:31 PM

I'd rather live there than DUMBO. Especially if the Commandant's house is for sale.

Posted by: dittoburg at July 7, 2009 3:45 PM

Vinegar Hill is great.

Posted by: dirty_hipster at July 7, 2009 3:47 PM

You can't rush great beauty....

Posted by: tybur6 at July 7, 2009 3:56 PM

The building behind the site looks good.

Posted by: etson at July 7, 2009 3:57 PM

etson the building behind it is 99 Gold. It has been a complete disaster and went rental after not being able to sell. I looked in it and the apts are nice on the inside but the problem was when you looked out the window. I laughed at the broker when he told me the price so hard i would not be surprised if the guy will ever forget it. I wonder how they rented them out. Should have no problem finding a rental in that if you wanted it.

Posted by: brickoven at July 7, 2009 4:09 PM

Brickoven - funny i had a similar experience at 99 Gold 2 years ago(i think - they were marked by aptsandlofts.com right?)

they said the building was in Dumbo and wanted close to 3k for a one bedroom rental. i told the broker he was ambitious and wished him good luck.

Posted by: dirty_hipster at July 7, 2009 4:24 PM

Thanks brickoven. Not thinking of living there but just wanted to give a shout out to an attractive looking modern building.

Posted by: etson at July 7, 2009 4:29 PM

dirty i looked when they were still trying to sell them and the unit was 850,000 ask. Unfortun. for the broker I had been drinking in dumbo before hand and burst into laughter in the middle of the sales office. I asked him how they were selling and he said faster then they can do the paperwork. 5 months later they went rental not being able to sell. I am willing to bet that this building will have the biggest fall out of anything when this bubble is done. The apt I looked at was worth about 250 in my opinion

Posted by: brickoven at July 7, 2009 4:33 PM

Haha Brickoven - that's hilarious. If it is the same building that I saw - no way the finishes were condo quality

Posted by: dirty_hipster at July 7, 2009 4:52 PM

http://www.aptsandlofts.com/index.cfm?page=searchbuilding&id=1181

Yup - same building.

Posted by: dirty_hipster at July 7, 2009 4:56 PM

Wow, that is expensive for that location.

Posted by: Heather at July 8, 2009 9:39 AM