Downtown Brooklyn's Oro, one of the poster children for arrested development, has finally fallen victim to the PriceChopper's siren song, also known as reality. Oro's developer, Greenfield Partners, has announced that it will cut prices for the remaining units by up to 25 percent and relaunch the marketing campaign. Bargain hunters will have plenty of options: only 90 of the building's 303 units have closed, with another 30 in contract. The building's readjusted price range? $295,000 to just over $1 million. Oro, we may yet welcome you back to the land of the living.
· Condo prices slashed 25% at big Brooklyn tower [Crain's]
· Oro Condominiums [orocondos.com]
· All Oro coverage [Curbed]