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 prefer the “Corrections Condos”, or perhaps “Attica Gardens”. Instead of units, each apt. could be called a cell.
well the guys on Oz do have their charms…
The house of detention is actually a pretty nice building. Get rid of the glass block windows and that ugly, wrap-around, pink marble visitors center and you’ve got a good candidate for condo conversion. Think of the marketing possibilities: “The Brookly House of Detention Luxury Condominiums”. Buyers would snap them up just for the cache…
OK, I’m dense. How do you have an open house at a hole in the ground?
People keep urging city hall to pull that prison down so it could never be opened again, but the city isn’t THAT dumb. They’ll need to space someday and prisons aren’t cheap to build. Cheaper just to keep it on ice until they need it.
Are they ever going to re-open the house of detention? When is that place going to go condo (although I guess in some ways, it’s like a condo now). 😛
OMG -who could ever live there – across the street from house of detention. Mygod….someone could leap through the 7th floor window and slice the throats of your whole family. And exactly how close are those projects, and the Arena? Geez, only a sucker would pay more than $200 sq. ft.
They continue to neglect mentioning it is across the street from the Brooklyn House of Detention.
I heart Nick Dine, but putting the w/d in the living rooms is not a design decision I would have made.