The first condos hit the market last week at 550 Vanderbilt Avenue in the Atlantic Yards/Pacific Park development, and YIMBY has a few attractive renderings of the building’s amenity spaces and lobby.
The team behind Sherwood Equities’ luxury condo development at 500 West 21st Street sent along a time lapse video of the building rising next to the High Line, beginning in March of last year and ending last month.
As the clock ticks down to the state’s 421-a renewal deadline on June 15, developers are wondering how they’ll fare if condos no longer qualify for the tax abatement. Companies building lower cost apartments on the fringes of the city will likely be the hardest hit, since the tax break helps attract buyers to less desirable neighborhoods.
Alloy and Monadnock Development’s One John Street condos are rising quickly along the Dumbo waterfront in Brooklyn Bridge Park, already reaching 10 stories, after rising out of the ground only earlier this year.
Two former SROs are being transformed into condos at 318 and 320 West 115th Street in Harlem, and YIMBY has the first look at the restored and expanded prewar townhouses.