Zoinks! The Clermont Going Rental
It ain’t the first and it sure as heck won’t be the last. The Clermont Condominium, the 52-unit project that opened for business back in April is packing it in and going rental, according to industry sources. In a declining market, the attractive but not particularly sexy building evidently had a hard time competing against…
It ain’t the first and it sure as heck won’t be the last. The Clermont Condominium, the 52-unit project that opened for business back in April is packing it in and going rental, according to industry sources. In a declining market, the attractive but not particularly sexy building evidently had a hard time competing against some of the higher-profile projects in Fort Greene and nearby Downtown Brooklyn. While the developers can’t be too psyched about the change in direction, we suspect they will find strong demand from renters. While the Myrtle location might have given buyers pause, there’s gotta be plenty of young professionals and even wealthy Pratties for whom this location will work perfectly. No word on rental pricing yet.
The Clermont Condominium Open For Business [Brownstoner] GMAP
Streetlevel: Walgreens Signage at The Clermont [Brownstoner]
Development Watch: The Clermont Primps for Pre-Sales [Brownstoner]
Development Watch: The Clermont Revisited [Brownstoner]
Streetlevel: Walgreens Coming to Myrtle Avenue [Brownstoner]
Development Watch: The Clermont [Brownstoner]
New Development at Myrtle and Clermont Avenues [Brownstoner]
The Walgreens finally has stocked its shelves (as of last night).. so it has got to open soon, right?
Anyone know when the Wallgreens is going to open.
I haven’t been inside but the building architecture is very nice I think, fits nicely into the neighborhood. I like it. The problem with this place is the location, since it is a really nice walk to the C or D train.
I disagree with other comments… I thought these apartments were actually fairly nice. A bit sterile, but then again all these new condos have a feeling of being in a really high end hotel room. And they were actually priced fairly reasonably I thought, considering that they were nice apartments in a descent location. As for that I’d much rather by on Mrytle than in one of these condos going up on like Franklin or Bedford in “Prospect (actually Crown) Heights.”
So if the developers choose go rental now what are the chances of a tenant being able to buy the apartment a few years down the road?
daveinbedstuy – walgreens sort of is a big deal, when the nearest drug store in the neighborhood that stays open past 6pm is at the atlantic center.
i also didn’t realize that asking a question made someone’s whole life centered around something. weird.
Sell prices may have been lower than Oro and Forte, but it was still priced way too high for that location. I’m not surprised at all that its going rental.
Yeah DOW, it is just a matter of time before Section 8 overtakes this place.
Sorry to echo but: Walgreen’s open date? Average apt. price? Bueller?
I don’t doubt your name, wine lover @ 11:55.
More rental inventory means lower rents. That attracts lower income residents, the exact opposite of gentrification. Lose lose.
You wanna win? Sell sell.