Postcard from Dumbo: Three Developments
We swung through Dumbo last weekend to get caught up on some of the development projects underway. In addition to 53 Bridge and J Condo, three of the biggest efforts are at, clockwise from top left, 206 Front Street, the tower at Front and Jay, and 99 Gold. According to Curbed, 99 Gold was supposed…
We swung through Dumbo last weekend to get caught up on some of the development projects underway. In addition to 53 Bridge and J Condo, three of the biggest efforts are at, clockwise from top left, 206 Front Street, the tower at Front and Jay, and 99 Gold. According to Curbed, 99 Gold was supposed to have gone on sale a few months ago, but the building’s website and the Developer’s Group listing show nothing for sale yet. If anyone’s got anything to share on these developments, we’re all ears.
“Jewel”… Allow me to chuckle.
wow, SERIOUS dish about The Developer’s Group!!! gotta love the blogosphere. so glad I purchased in the J… not a high-profile developer (Hudson Companies), no flashy previous projects (the J is their jewel so far), but a solid reputation for integrity and honest dealings. counts for a lot…
btw… imo, price correcting means at least a $150k – $200k drop…
I toured 99 Gold also and the prices are waaaay too high for the location. Here are your views…. East = public school yard (right next door), West = the buddist temple just featured on brownstoner (right across the street), North = power plant, South = projects. The actual units themselves are really nice however… top of the line appliances, 11.5 ft ceilings, floor to ceiling windows. I would totally jump on it if the prices were corrected.
I also received the “gold card” and checked out 99 gold this past week. I kind of liked it to be honest. The finishings were really nice and the ceilings were high. I thought the bedrooms were a little on the small side, but I guess you have to work with what your given in a conversion. I am new to the dumbo/vinegar hill market so maybe I am off base, but is the pricing really bad? From the pricing I got it all pretty much worked out to between like 650 and 715 psf.
All the views (only available from the top floor) will be blocked by the Jahovas building anyway. Should have stuck with rentals as a long term investment. There are at least 6 major developments coming up in DUMBO that will be way more attractive.
The tower at Front and Jay is J Condo.
What are you guys complaining about? $575k is a steal. Word has it that the Vinegar Hill housing projects are being relocated to Portland, Maine!
Got a “Gold Card” in the mail from TDG, entitling me to first crack at one of 99 Gold’s units. Yay! I’d consider it, if only for the spankin’-new niceties of the condos, but the consensus here is right on the money–these things are way overpriced (if I were going to plunk down 570K for a 1BR, I’d be looking at 70 Washington). Strolling home from the F Train late at night would be an, ahem, adventurous undertaking.