We've been hearing rumors for a few weeks now that Love Lane Mews, the Brooklyn Heights parking garage-turned-condos, has hit the market. The project's still got only a teaser website, but things have come far since our last construction check. The Journal reports that even though the apartments won't officially go up for sale until January, four of the 38 units have already found buyers. That's with some hefty price tags: 1BRs start at $1.05 million, 2BRs at $1.45 million, and 3BRs at $2.475 million. Two townhouses from the same developer are going up across the street and will each ask $8 million. Why so much? Maybe because, according to architect Stephen B. Jacobs, Love Lane Mews was a huge pain to convert, thanks to floors not lining up and the need for Landmarks Preservation Commission facade approvals. Will buyers open their wallets in sympathy?
· From Old Garage to New Condos [WSJ]
· Love Lane Mews coverage [Curbed]