Prices Drop at the Oro Tower
The Oro, a condominium tower in Downtown that reached completion as the real estate boom went bust, is now cutting its prices by up to 25 percent to boost sales. Since the building’s marketing campaign launched two years ago, only 90 out of the 374 units have closed, reports Crain’s. The publication lists a studio’s…
The Oro, a condominium tower in Downtown that reached completion as the real estate boom went bust, is now cutting its prices by up to 25 percent to boost sales. Since the building’s marketing campaign launched two years ago, only 90 out of the 374 units have closed, reports Crain’s. The publication lists a studio’s current price as $295,000, while another three-bedroom goes for over $1 million, and Street Easy has an active one-bedroom listed for $539,000; you can see all of the listings here. What’s interesting is that in the Crain’s article the developer says that he has no interest in converting the empty units to rentals, as other buildings have done to remain afloat. “Oro has always been a condo building and we intend to keep it that way,” he said. Nevertheless, there are two active rental listings on Street Easy, a studio for $1,800 per month and a one-bedroom for $2,850, suggesting that a couple of the original buyers are feeling a little more open-minded on the rental question.
Condo Prices Slashed 25% at Big Brooklyn Tower [Crain’s] GMAP
Work Resuming at Oro Part Deux? [Brownstoner]
Oro at 306 Gold Street [StreetEasy]
Pete- that really bothers me too. I am just trying to weigh everyone’s good and bad points and make a decision based on who I believe will do the best job for us. None of them thrill me. At all.
“But then I figured in another twenty years no one will remember him and things will get renamed for a minor celebrity or something. ”
I for one can’t wait till they rename it “Paris Hilton State Park” and wipe Robert Moses off the map.
egomaniac is ok…great visionary is good (altho I don’t think Bloomberg qualifies)….
but what is not forgiveable is big slap in face to democracy which the overturning of term limits was
(even tho I didn’t vote for it to begin with).
I won’t get past that.
“Bloomberg is an egomaniac….”
Of course he is – you know what kind of balls (and psychosis) it takes to run this city (or a multi-billion dollar company)???
Every politician (except maybe Lincoln) is/was an ego-maniac, its a pre-requisite.
As to RM – I seem to recall that even Caro has said that people view his book as being overly negative against RM and that his view is not so one-sided (or something like that)
Ditto;
Now you’re talking!
Orestes;
I suggest that you do more research on the topic. Last year there was a whole retrospective done on RM, including a symposium and three exhibits. I went to one of the exhibits (at the Museum of the City of NY) and it was PACKED.
If you want to read about this re-appraisal, look for a book edited two years ago by Kenneth Jackson, who is a professor of NYC history at Columbia Univ.
I thought John Lyndsay was responsible for the fall of NY?
OK, Benson. I don’t have the complaints that you do about the book. I did not approach it with any preconception about Moses, but walked away with the view that he was a contemptible human being and a worse public servant. When I finished reading the book, I wanted to start a campaign to remove Moses’ name from every public project it adorns. But then I figured in another twenty years no one will remember him and things will get renamed for a minor celebrity or something. I haven’t heard any similar criticisms about the book. It is generally held in high regard. I will have to look for some negative reviews to see what was unfair in the book.
Sorry Joe 🙁