How close is too close when it comes to a new condo’s proximity to the projects? That question will be put to the test now that the new environmentally-friendly development at 100 Gold Street in Vinegar Hill has hit the market. (According to a press release we received last month, the developer plans to purchase renewable energy credits and assist in funding reforestation projects to offset the building’s carbon emissions in the first year.) The eight units range in price from $525,000 for a 700-square-foot one-bedroom to $935,000 for a 1,085-square-foot one-bedroom. The building sounds nice but it’s hard to see how anyone will pay those prices to be so close to the Farragut Houses. Remember what happened at 99 Gold Streetâ€”and that was before the market had collapsed.
100 Gold Street Listings [Corcoran] GMAP
100 Gold Street On the Market [Dumbo NYC]
Development Watch: 100 Gold Street [Brownstoner]