Real Estate

And Just Who Are All These Uptown Developers?

They want families as buyers and air for their towers; mostly, they want Manhattan addresses

A considerable chunk of Manhattan’s condominium projects proposed for 2007—nearly half—will be constructed above 86th Street, and many of them will be built by first-time or little-known developers. As reported in this week’s Observer, some 30 of the 65 planned condominium projects submitted to the State Attorney General’s office, between Jan. 1 and May 7, are above 86th Street. And a vast majority of those will be above 110th Street.

But instead of having backers with names like Zeckendorf, Trump or even Padeh, these $20 million new-construction and conversion projects—like the one going up at Seventh Avenue and 127th Street—are being built by outfits like NYC Designs Inc., the Poko Partners and Mann Realty. A $27 million conversion at 1890 Adam Clayton Powell Jr. Boulevard at 114th Street, for example, is slated to be built by something called Tahl Propp Equities.

“I don’t want to call it a gold rush, but there are a lot of young, small-name firms taking cracks up there all over the place,” said Trevor Stahelski, the impossibly young and successful partner at Cardinal Investments. “The dirt is cheap, and it’s in Manhattan. It has the Manhattan neighborhood structure that you have in other parts of the city: colleges, hospitals, transportation.”

It is exactly this marriage of relatively inexpensive land prices and a Manhattan address that is bringing more real-estate savvy developers and buyers to neighborhoods above the park.

Mr. Stahelski, whose project at 245 West 115th Street is already sold-out (“We’re done!”), thinks the reason the area is attracting a slew of unseasoned developers is evident: “You can take a little more risk and be a little farther away from established areas and be a pioneer in gentrifying neighborhoods; it’s really a simple strategy.

“We look for opportunity, balance the risk by staying in Manhattan in neighborhoods that are getting safer—it’s gentrification,” Mr. Stahelski explained.

And what kinds of buyers are hoping to take advantage of lots of space, easy access to public transportation, good Manhattan schools and safer streets?

Yup, you guessed it—families.

“I think our buyers are almost exclusively coming from the Upper East and Upper West Sides,” They are comfortable up there, they have kids and they know there are good schools around,” said Gary Davis, executive vice president of development at the Athena Group. That firm’s 111 Central Park North (the marketers’ moniker for 110th Street) is already over 70 percent sold.

Mr. Davis cited a couple other factors drawing folks to the area: “Retail is following the residential. There is great light in the air, since zoning restrictions are very strong, so buildings won’t get too tall.”

The perfect height, some might say, for a new developer.

  • del.icio.us
  • Digg
  • Reddit
  • Newsvine
  • Google
  • Yahoo
  • Technorati
  • Facebook
  • Stumble Upon
  • Netvibes
  • Windows Live

Comments
Post a comment

"And what kinds of buyers are hoping to take advantage of lots of space, easy access to public transportation, good Manhattan schools and safer streets?

Yup, you guessed it—families."

What schools are good up there? PS 76 (in the 'sold-out' 245 W. 115th St. district) is atrocious. 35% of third graders are passing and 90% qualify for a free lunch. The surrounding schools are similar. If you're talking about good private Manhattan schools, that should be stated.

I'm tired of these real estate articles out and out lie about these gentrifying areas. The terrible public schools in upper Mahattan are the main reason it's not a family draw and nothing has changed that. Do your research.

wow power leveling (not verified) says:

Horde Leveling Guide
This wow power leveling guide starts at level 21, if you need wow powerleveling guides for any other powerleveling level range (from 1-21 for example) please take a look at this power leveling page.
This wow power level guide is optimized for FAST leveling with a minimum of grinding sessions. wow powerlevel Quests are important, they give rewards and faction and are less boring than pure wow powerleveling grinding, BUT sometimes some quests are really a time waste and we will skip those and replace them by good wow power leveling grinding session when it is necessary.
Some people say that wow power leveln grinding is always faster than questing, this is true in theory when you don't know which wow powerleveln quests to take and which to avoid, and what is the best order to do them. With this fiesta online guide, questing will be very efficient and much better than pure grinding. Follow each fiesta online instruction carefully and you will see for yourself.
The last chaos quest choices and order to do them are optimal so that you run as few as possible while doing the most possible and then turning several last chaos gold quests in at the same time. This lastchaos gold guide will be very useful for both veteran and novice players. I try to keep the amount of last chaos gold information as short as possible. So even the guide itself is optimized for the minimum reading possible, to save time! Let's get started immediately then! Everything described in this lastchaos gold guide can be done solo (besides when I say otherwise). However you can follow this guide while duoing, grouping, it's not a problem, it works too.

------------------------------------------------------------------------------------------------------------------------------------------

3. When wow power leveling done, go back to Tarren Mill and turn in the 3 quests wow powerleveling. Take the follow up from [22] Elixir of Suffering and turn it in at the little powerleveling frog named "umpi" right next to the Apothecary. Get [24] Elixir of Pain. Restock food/drink, sell junk, repair (there's a weaponsmith on the other power leveling side of the field south of Tarren Mill).4. & 5. Head west towards the Hillsbrad Fields, kill every wow power level Starving Mountain Lion you find on your way, don't worry if you don't get the 10 lion wow powerlevel blood, we'll finish this quest on the way back. We'll first focus on the wow powerleveling field which is to the northeast, you should see a small house, a tower-like structure and a medium sized house which looks like a wow power leveling barn.5. & 6. Clear the wow power leveln way around the small house and inside you should find Farmer Getz, wow powerleveln kill him (If Farmer Getz is not in his house, he's either in the field right next to it or in the barn). Then go northwest towards the next fiesta online field, next to this field you'll find a medium sized house, with a dog named Stanley infront of it. Clear the fiesta online way inside this house and on the 2nd floor you'll find Farmer Ray, kill him (Farmer Ray can also be found on the first floor of his house, and also around it and in the field next to it). Now just go out last chaos and start killing Hillsbrad Farmers and Farmhands in the last chaos gold fields until you have the [24] Battle of Hillsbrad quest finished. Avoid Hillsbrad Footmen, they might be too difficult for your lastchaos gold level. 7. the last chaos gold quest [24] Elixir of Pain.Go back to Tarren Mill, turn in [24] Battle of Hillsbard, get the follow up [25] Battle of Hillsbrad. Turn in [24] Elixir of Pain and get the follow up. Now a new lastchaos gold quest should be available to you from Deathguard Samsa, [25] Souvenirs of Death.

khrkh thgj (not verified) says:

李小龙是[url=http://www.yougotretro.com/]Air Jordan shoes[/url] 一个天生的巨星,[url=http://www.yougotretro.com/]nike air jordan[/url] 一个天生的巨星[url=http://www.yougotretro.com/]cheap jordan shoes[/url] 三十二岁、五部电影,[url=http://www.yougotretro.com/]air jordan shoes[/url] 李小龙的女儿李香凝澄[url=http://www.yougotretro.com/]nike jordan shoes[/url] 清对李小龙的误读. [url=http://www.yougotretro.com/]wholesale jordan shoes[/url]李小龙多才多艺[url=http://www.yougotretro.com/]wholesale air jordans[/url],亦文亦武。他每当练功[url=http://www.yougotretro.com/]wholesale air force one[/url]之余,埋头研究[url=http://www.yougotretro.com/]air force one wholesale[/url]武术理论与训练方法[url=http://www.yougotretro.com/]wholesale air force ones[/url]。他逝世前留下了七大本学武笔记和六本著作手稿[url=http://www.yougotretro.com/]air force ones wholesale[/url]
李小龙生于[url=http://www.jordanshoesmall.com/]wholesale nike[/url]美国三藩市,他的童年和[url=http://www.jordanshoesmall.com/]wholesale jordan shoes[/url] 少年是在香港度过的。[url=http://www.jordanshoesmall.com/]jordan shoes wholesale[/url] 李小龙幼时身体非常瘦 [url=http://www.jordanshoesmall.com/]wholesale air jordan[/url] 弱。他父亲为了儿子
[url=http://www.jordanshoesmall.com/]air jordan wholesale[/url] 李小龙在[url=http://www.jordanshoesmall.com/]wholesale gucci shoes[/url]西雅图的生活相当[url=http://www.jordanshoesmall.com/]gucci shoes wholesale[/url]艰苦,进人大学[url=http://www.jordanshoesmall.com/]wholesale air force one[/url]就读以后,他除[url=http://www.jordanshoesmall.com/]air force one wholesale[/url]了学习外[url=http://www.jordanshoesmall.com/]wholesale air force ones[/url],把精力都放[url=http://www.jordanshoesmall.com/]cheap jordan shoes[/url]在研习武术上。他在学校里组织了一支“中国功夫队”,经常在校园里[url=http://www.jordanshoesmall.com/]air force ones wholesale[/url]进行训练和表演

jgfhtr kukuo (not verified) says:

父亲为了儿子wholesale jordan shoes1971年夏季, jordan shoes wholesale李小龙接受香港,wholesale air jordan嘉禾电影公司的邀请
air jordan wholesale以1.5万美元的片酬签了两部影片wholesale nike第一部是以中国武术为题材的《唐山大兄》。继《唐山大兄》gucci shoes wholesale之后,李小龙又wholesale gucci shoes拍摄了《精武门》cheap jordan shoes,引起更大的轰动。李小龙air force one wholesale在片中的大无wholesale air force one畏精神和惊人的打斗技巧wholesale air force ones,特别是他表演中的“李三脚”和“地躺拳”,令人赞不绝口 air force ones wholesale

李小龙由于在武术cheap jordan shoes和电影等方面有卓越的贡献,nike jordan shoes 1972年还被香港评为十大明星之一nike air jordan李小龙的一生是短暂的air jordan李小龙的一生是短暂的 air jordan shoes都称他为“发扬中国武术最有成效的人wholesale air jordans。李小龙由于wholesale jordan shoes在武术和电影等方面wholesale air force one有卓越的贡献air force one wholesale,他先后在1972年wholesale air force ones和1973年两度被国际权威武术杂志《黑带》评为世界七大武术家之一air force ones wholesale

poud kudo (not verified) says:

 李小龙多才多艺,Nike jordan shoes 李小龙多才多艺, nike air jordan头研究武术理论与训练方法 cheap jordan shoes他逝世前留下了七 air jordan笔记和六本著作手稿:《截拳道》、 air jordan shoes中华民族强盛的赤诚之心wholesale jordan shoes。当回顾wholesale air force one作为一位中华武术传air force one wholesale人的李小龙一生时,人们将永远怀念wholesale air force ones他那颗热爱中华民族、振奋中air force ones wholesale华民族精神,渴望中华民族强盛的赤诚之心Wholesale air jordans
wholesale jordan shoes李小龙出生在美国jordan shoes wholesale 他的童年 wholesale air joran 少年是在wholesale nike香港度过air jordan wholesale 李小龙wholesale gucci shoes,伟大的武术gucci shoes wholesale技击家,世界武功cheap jordan shoes片电影表演家air force one wholesale,截拳道wholesale air force one的创始人air force ones wholesale。李小龙的wholesale air force ones一生是短暂的

Post a comment

The content of this field is kept private
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd><br> <p> <i> <b> <embed> <img> <blockquote> <span> <strikethrough> <u>
  • Use <!--pagebreak--> to create page breaks.

More information about formatting options

By checking this box you are giving permission for Observer staff to contact you to obtain contact information and permissions required for publication.