Tuesday, May 15, 2007
The selection of newly developed, luxury condo homes on the market in New York City may never be better than it is right now. There is stunning new architecture being added to the skyline with buildings rising at 100 Eleventh Avenue in Chelsea by Jean Nouvel, currently one of the hottest selling properties in NYC; or 101 Warren Street in Tribeca by SOM, now about 94% sold. Even Brooklyn is being transformed by Richard Meier's project on Grand Army Plaza overlooking Prospect Park. While I believe that these are among the best being built. There are a great many more on market and coming over the next couple of years. But they are not all the same, nor for everyone. What should you should you know about closing on a new development?