Condos of the Day: Price Cuts at Forte
The same forces that have led to recent price cuts and rental reversions in the Downtown area are also bleeding over into the BAM Cultural District, where the Clarett Group (a long-time advertiser on Brownstoner) just started cutting prices on some of the Forte’s 110 units. Two bedrooms that used to be in the $750,000…
The same forces that have led to recent price cuts and rental reversions in the Downtown area are also bleeding over into the BAM Cultural District, where the Clarett Group (a long-time advertiser on Brownstoner) just started cutting prices on some of the Forte‘s 110 units. Two bedrooms that used to be in the $750,000 range just got about $100,000 cheaper. The 1,059-square-foot Apartment 8D, for example, is now $650,000. Think that’ll be enough to get fence-sitters to pull out their checkbooks?
Forte Studios on the Market [Brownstoner] GMAP
Forte’s Law: Doubling Height Every Month [Brownstoner]
From Cheesecake to Condos on Fulton [Brownstoner]
“How are vitriol and negativity consistent with being happy, fulfilled and secure?”
You don’t live in New York, do you?
Many poeple that want to move to Brooklyn and to the BAM area want the Brooklyn lifstyle which is a neighborhood of families,brownstones and row houses. It is so out of character is has little appeal. No wonder sales are off. I do not think the neighborhood has given it much of an endosement either. Lots of sales are word of mouth so if you do not like the development your not going to be encouraging.
10:23 – How are vitriol and negativity consistent with being happy, fulfilled and secure?
zinka – guess i’ll believe on this one, but it doesn’t seem to add up.
10:02 – Yes.
Is there any chance that the misinformed. negative, and vitriolic posts are coming from happy, fulfilled people who are secure with the choices they’ve made in their own lives?
worse: it isn’t even HVAC, it is a concrete elevator / mechanicals box. Apalling mistake by the architect. Look more carefully next time you walk past – these units have crap below window ACs fronted by grills! yuck!
There have been such plans for a while. The only one that are likely to go forward is the one for the BAM space itself (non-residential) and it wont be nearly as tall as the forte. Don’t hold your breath waiting for that jenga apartment building to get built. If you’re confident that it will get made please let me know when and with whom the financing commitment was made – fact is no such commitment has been made. Which bank would be so foolish as to offer money for that project, at this time, in this economy, with the current stock of apartments out there?
7:49: There are, in fact, plans to develop the lot across the street. Google for “BAM Cultural District”.
12:59: I’ve measured it out. The square footage on these D units is pretty accurate.