Talk about burying the lead! Here we are, thinking we're reading a regular old Times article about supply and demand within the luxury condo sector, and then all of a sudden BOOM!?Motoko Rich hits us up with some Grade A gossip on some of our favorite buildings. We'll summarize the goodies for you:
1) Robert A.M. Stern's 15 Central Park West: 74 units sold in two months, worth $650 million; 12 of 16 penthouses, including one at $45 million, under contract; "A prominent Wall Street investor lost out on a duplex penthouse when he tried to buy at a discount and another buyer offered full price." Looks like those rumors were wrong. And don't forget, it can still be yours.
2) Richard Meier's 165 Charles Street: 24 out of 31 units sold after 18 months; a $20 million penthouse has sold; "One broker who asked not to be named because she did not want to criticize a building where she might bring clients said it should have sold out by now."
3) Charles Gwathmey's Sculpture For Living: 24 out of 39 units sold; Related's vice chairman says he's "perfectly happy with those numbers."
4) Beacon Tower at 85 Adams in DUMBO (not really starchitecture, but famous nonetheless): Just 43 of 79 units sold after 10 months, "despite the lure of a Zen garden;" Developer Leviev Boymelgreen (of the troubled 57 Front project) closed down the sales office for part of the summer and reopened after Labor Day; four apartments sold since then.
So there you have it. Kind of a mixed report for all but 15 CPW, wouldn't you say? Let's have your highly-informed take in the comments.
· For Choicest Apartments, Many More Choices [NYTimes]