Checking in with the Fairway Lofts
We received an inquiry from a reader yesterday about the status of the condos above the Fairway market at 480-500 Van Brunt Street in Red Hook. The reader recalled reading that developer Greg O’Connell was planning to carve 45 apartments out of the former industrial space. “The units look nearer to completion than several other…
We received an inquiry from a reader yesterday about the status of the condos above the Fairway market at 480-500 Van Brunt Street in Red Hook. The reader recalled reading that developer Greg O’Connell was planning to carve 45 apartments out of the former industrial space. “The units look nearer to completion than several other condo developments around the area that have had plans and prices available for a while!” vents the reader. “The frontage is being landscaped now, although perhaps to make the fairway entrance look better. The windows look good and the ceilings/views are awesome. The water taxi stop right plumb in the middle of the frontage looks functional.” So what’re they waiting for. Time to sell some condos!
As I have said before the phrase “2 fare zone” refers to a place where you have to take a bus to the subway.
Of course the Metro Card has eliminated paying two fares, but the phrase is still used by many people.
It’s like calling the subway lines IRT, BMT, IND. They are no longer labled that way but a few old school’ers still use the terms.
Greg O’Connell was one of the first people to buy real estate in Red Hook, in the interests of preservation. He does not tear down ( or only in necessary situations). He really cares about the waterfront and has already established an artisan studio/living residence in one of the other warehouses. They may be more now but the one I saw was beautiful. He also has been a big neighborhood advocate for the poorer people in the neighborhood. (He also saves old trolley cars).
02:09 PM,
There is no such thing as a two-fare zone anymore. We now have this new technology called “Metrocards” I take the subway to the train every day and it costs $2.
sign me up now! who’s in charge of this? corcoran? elliman? whoever it is, i want one, doesn’t matter what the price is or what it looks like inside! get me in! Love at first site!
That’s too bad that they aren’t condos. That’s about as prime as real estate gets in NYC. That entire area is FANTASTIC. Harbor views for days – clear view of the Statue of Liberty, gorgeous old warehouses. The only draw back – despite the ease of parking (for now) and the water taxi being right outside your door (I’ve heard you can ride all weekend for $5.00) – it’s a total two-fare zone out there. The subway isn’t accessible by foot AT ALL. That really sucks.
Meanwhile, I guess Mr. O’Connell doesn’t want to part with his prime real estate just yet…
the building was granted a variance for live/work units above a commercial use. greg o’connell is hand picking the tenants so he can have more folks in the hood shilling for him.
PS I don’t think the building is zoned residential. It falls in the proposed ombudsmen zone of the IBZ the city’s been trying to get off the ground, thus the live/work designation. That’s my understanding at any rate, but much of this is murky.
I don’t think the building is zoned residential. It falls in the proposed ombudsmen zone of the IBZ the city’s been trying to get off the ground, thus the live/work designation. That’s my understanding at any rate, but much of this is murky.
Fairway opens on the 17th, according to management.