Set Speed Condo Report: Condos at 75 Smith
The lot at the southeast corner of Smith and State St. has been the subject of much speculation in recent months. Originally thought to be a boutique hotel to cash in on the increasingly-active Smith St. corridor, it was then purported to become a luxury condo/hotel combination. This Lev Boymelgreen project, known officially as The…
The lot at the southeast corner of Smith and State St. has been the subject of much speculation in recent months. Originally thought to be a boutique hotel to cash in on the increasingly-active Smith St. corridor, it was then purported to become a luxury condo/hotel combination. This Lev Boymelgreen project, known officially as The Smith, at 75 Smith Street, now issues its big reveal. The website, 75smith.com, is an over-designed paean to what is currently a hole in the ground. The project proudly touts the fact that the interiors are designed by a well-known designer, Nick Dine, as is de rigeur these days for most high profile condo projects. An open house was scheduled for this past Sunday, November 6.
Judging from the listings on the site, about 5 or 6 units are on the market. The project itself consists of 12 floors, with units being sold beginning on the 5th floor. This begs the question- what is located on the first four floors? Could they be the hotel units? A 5th-floor unit that is 1131 square feet, with 2 bedrooms and 2 baths is asking $685K, with $686 monthly maintenance and $77 RE taxes. The units are cookie-cutter one and two-bedroom units, with 8 penthouse units on the top floor. Renderings on the site show sleek bathrooms with double sinks and double-wide basins. Ceilings are 9’4″ (10″ on the penthouse units), a washer and dryer is provided and kitchen appliances feature Bosch and GE. Note that the 14 Townhouses project on State St. is just down the block, so this could be a busy corner for some time.
Residences [75 Smith] GMAP
Boymelgreen Project Stuck in Mud [Brownstoner]
Every Thursday, ltjbukem, whose own blog Set Speed scrutinizes the progress and quality of new developments in the area we know as Brownstone Brooklyn, pens a guest post about goings-on in the condo market with an emphasis on new projects.
i heard they may re-open the detention center up to prisoners from rikers, due to remodeling…
That area is a zoo.
i much prefer Smith St of 5-yrs ago.
now you have bridges and tunnel kind swarming the street.. good fornusiness, but crowds my sidewalk.
For the love of god, why can’t people design a decent looking building these days? I’m reasonably certain that Robert Moses must have made a deal with the devil to come back to earth, inhabit the body of some developer, and endlessly fill the city with this same building over and over again.
The first one I remember of this new mold was the soho grand… someone more creative than me needs to come up with an official name for these: moses chic?
This building had a Grand Opening ad in the paper over the weekend. Two people stopped me a the corner of Atlantic and Smith looking for 75 Smith for the Grand Opening and were quite surprised to find out it was a hole in the ground. The small print in the ad says the sales office is at 3-hundred something State Street, which is past Nevins, at least 3 long blocks away.
Give the location as much flack as you want (being next to BHD) but boulevard east already flipping condos (across the street), brooklyn law school has built dorms (across the street), the new townhouses (cattycorner across the street) are selling for 2.5, and the dumbo developer is renovating the transit building (across the street), and car wash lot has sold for $$$ (across the street). Apparently no one cares about buying/building next to a jail – occupied or not
might the house of detention studio owners have a nice recreation yard? and ceratainly a well stocked weight room … story developing …
Are there going to be shops on the ground floor?
Why even renovate the House of Detention. Just convert it, and sell the cells as studios. Stainless steel toilets, secure location, alarm system already installed, each studio comes with a bunk bed.
Any estimates of completion date mentioned?
At the current rate I think about another 3-4 years.