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]
Yes was asked directly during the primary debate and he said he would replace him.
“Why would Thompson want to fire him?”
near as I can tell – he’s an idiot.
fsrg- did he really? If anyone is qualified to keep NYC safe, it is Ray Kelly. Why would Thompson want to fire him?
bkre- Of course I agree re safety but you also have to be in awe of the fact that only 6 people died because they were working without the safety equipment used today. Or the safety regulations. And the Oro is a much smaller building. So yes, you’re right about safety. But it also seems to me that all things considered, the safety record for the Empire State Building is still an amazing one.
“no mayor or anyone else has done anything meaningful to make us more secure.” – [from terrorism]
Maybe not, but there is alot a mayor could have done to make us LESS secure, and considering Thompson has already said he would fire Ray Kelly, I think it is a pretty good bet that Thompson would fall into that category.
bxgirl – I hear variations on that question all the time? The Empire State Building went up so fast – why does modern construction take so long? There are alot of very good reasons for that, but I’d like to focus on one – safety. Building a skyscraper today means you have to follow a ton of regulations to keep all the workers safe. One thing people don’t like to talk about is that 6 people died during the construction of the empire state building – none died during the construction of oro. I’m sure you agree that you’d rather construction lasted a couple of months longer if it makes the work site safer for everyone.
even after the corruption that was exposed in the DOB, I’m not really worried about safety in those buildings as much as repair cost. They’re not falling over. You worry about them starting to lean a degree or two because of the pilings not going deep enough into the ground. then everyone has to pay to fix it
lbol, nonsense. you can still pack a small plane full of explosives in teterboro and fly it down the hudson, free of air traffic control. you can also ship most of the population of afghanistan into new jersey’s ports uninspected. But try to bring a diet coke on a 747. no mayor or anyone else has done anything meaningful to make us more secure.
“If Guiliani hadn’t forced his way into a third term after 9/11 NYC would have been obliterated by a nuke by now …”
That’s what he’d want you to believe anyway. If I recall correctly, he certainly didn’t do anything to prevent 9/11 from occurring.
If Guiliani hadn’t forced his way into a third term after 9/11 NYC would have been obliterated by a nuke by now …