The adaptive reuse PS90 school building-to-condo conversion at West 148th Street has everyone analyzing the unique project's performance in a down market. The New York Times caught up with L+M Partners executive Ron Moelis on their affordable and market rate condo performance in Manhattan (the company is known for building mixed-income and affordable constructions). PS90 is mentioned selling at a not-necessarily-slow pace and that the Kalahari has recently sold out completely (the other L+M project on 116th Street). At almost 40% sold and with the closing of the first units happening now, PS90 might be a good reason for developers to start using unique, historical spaces instead of tearing them down. Read more in the New York Times:
LINK. The recent press release also states that PS90 has received a Temporary Certificate of Occupancy and move-ins will happen in the next couple of weeks. Lower images of PS90 are from the building's recent architects tour. Check out our past post on PS90:
LINK. All photos by Ulysses.
www.PS90Condo.com
The adaptive reuse PS90 school building-to-condo conversion at West 148th Street has everyone analyzing the unique project's performance in a down market. The New York Times caught up with L+M Partners executive Ron Moelis on their affordable and market rate condo performance in Manhattan (the company is known for building mixed-income and affordable constructions). PS90 is mentioned selling at a not-necessarily-slow pace and that the Kalahari has recently sold out completely (the other L+M project on 116th Street). At almost 40% sold and with the closing of the first units happening now, PS90 might be a good reason for developers to start using unique, historical spaces instead of tearing them down. Read more in the New York Times: LINK. The recent press release also states that PS90 has received a Temporary Certificate of Occupancy and move-ins will happen in the next couple of weeks. Lower images of PS90 are from the building's recent architects tour. Check out our past post on PS90: LINK. All photos by Ulysses. www.PS90Condo.com
If only they had done this with the abandoned P.S. on 145th. The work looks great, but that neighborhood is really the hood. Abandoned lots filled with stray cats, lots of suspect loitering, buildings in terrible disrepair.
ReplyDeleteAnd the listings say it's in "Hamilton Heights." It seems to me that the Heights end, you know, in the heights above Jackie Robinson park.
Hamilton Heights? My real estate agent told me this is the Upper West Side. Hummm?
ReplyDeleteNewInTown, time to get a new agent :)
ReplyDeleteI hope they didn't cut up the inside. It would be such a shame if they did
ReplyDelete