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]
“Hijacked Democracy?”
Yeah, that’s right. You can give him a pass if you’d like. Not everyone will. See you on Election Day.
http://bit.ly/gt7vn
http://bit.ly/ODpUC
Great East New York – another Dinkins – hallow and spineless mayor that will be pushed around by every union, protesters, developers, business groups, city council, etc during one of the worst economic times of the city history. Makes perfect sense.
Hijacked Democracy? If anything he is the product of democracy – self made. I rather vote for a ambitious arrogant prick than a spineless worthless weasel like Dinkins and Thompson. Thompson could not run the school let alone THE city.
And also — it seems really obvious to me that the astronomical cost of political campaigns, driven by the bidding up of the cost of buying a politician, is a serious problem, and relates BOTH to how Congress is paid off AND to the huge sums of personal money Bloomberg is spending to crush every rival and even potential rival.
It’s a sad thing that our broken system of campaign finance has people cheering when the uber-wealthy buy political offices! Sad that the national political parties specifically recruit really rich people who can finance their own campaigns.
“You are not voting for Bill Thompson you are not VOTING AGAINST Bloomberg.”
Yeah, that’s right. Bloomberg has done a good job in many areas. But he showed his true colors when he hijacked the democracy to make himself mayor again. That pissed me off. I vote, and I’m voting for Thompson. End of story.
Reasons for why we don’t want the super rich to run the governemnt are glaringly obvious (although of course the way campaigns are financed means that many politicians, especially national politicians, are quite wealthy0. The idea that the only way to have a non-corrupt government is to have it run by the super-rich is really weird to me.
100 other things more important to democracy than campaign finance? Care to list them? Politicians spend most of their time raising money to run for re-election. If you think they are not beholden to their big contributors and that they don’t base their voting decisions accordingly, you are either naive or stupid.
I agree completely with Minard, that both the best and worst thing about Bloomberg is that he is not beholden to anyone.
Politicians should be beholden to the common good, as represented by the majority of voters. But because of the way money distorts our democracy, they aren’t.
“You are not voting for Bill Thompson you are not VOTING AGAINST Bloomberg.”
Yeah, that’s right. Bloomberg has done a good job in many areas. But he showed his true colors when he hijacked the democracy to make himself mayor again. That pissed me off. I vote, and I’m voting for Thompson. End of story.
I basically agree with Minard’s post at 11:24.
GASP! 🙂
Look what I done started…
***Bill Thompson For Mayor***
“How campaigns are financed is the single biggest issue facing American democracy.”
Wha?
I can think of about 100 other things more important to our democracy than campaign finance reform.