I watched the old tenements on this corner empty out a couple of years ago and then get demolished to make way for the Isis. Things had already started to turn in the market and I remember thinking to myself that they'd level the site and stop, so there would be an empty lot until it made economic sense to build again. (I also thought that in the meantime they might get their hands on one of the neighboring buildings so the project could have a bigger footprint.) Anyway, I didn't go by that corner for a few months and when I finally did I was stunned to see the thing above ground level and rising. I can't imagine who thought it was a good idea to proceed with this. toast indeed.
Sidelinesitter, thanks for the recovery of the previous postings on Isis. Not sure why it was taken off. The intent was to develop an understanding why a developer would go to extremes with a mass markdown of all offered units.
What's up with the exterior. The facing looks like something out of the 3rd world (unfinished around the set windows). Are they waiting on some material?
Here's the Plan:
1.Plan building
2.Build Building and order custom windows
3.Windows don't fit
4.Dream up a way to make them fit.(that's the stuff your talk'in about)
5.Sell condos at absurd above market pricing
6.Make tons of money(who say's business school isn't worth the money)
What is going on with this Isis????
why can't they get the floorplans to show? it does not speak too well of the executive capabilities.....
are they going to finish this thing? is there some legal imbroglio??
Doesn't look like it. The same sign reads the Retail space opens October 2009.
The facade "fasteners" are going up on the exterior. Interesting to see how safe the fasteners are and how they will hold up. The true test test will come in five years when the 2nd Avenue subway construction rumbles through E77.
Those exterior fasteners are looking a little weak.
Has anyone ever seen this type of exterior finish b4?
Is it safe?
Will it be worth walking on the opposite side of the street 4ever?
You guys are a big help for me. I am an overseas purchaser and any information on this property would be very useful for me. I do sense a lot of skepticism about this building from all your comments. Why is that? Is it not a good building? The plans and amenities as well as the sample flat look quite good. DO educate me please. Thanks.
I am an owner at the Alchemy developed 50 West 15th Street and I would do some research on the developer before buying into ANY new construction that they do. In particular, I would have a look at the lobby at 50 West 15th St - the oculus - as they never finished the work they promised ONE YEAR after closings began. There seems to be no end in sight. Once Alchemy gets most of the sales in, they MOVE ON to the next project and leave you, the owner, hanging in the lurch. I promise to come back here and let you all know IF they ever finish the lobby but right now, I have my doubts. Caveat Emptor.
I also wanted to add to the above - currently the lobby that is only partially done after all this time has to be the shoddiest lobby ever made. I am seriously not just saying that - anyone, even someone without an eye for detail, would laugh at how poorly everything fits, the wood shimmies holding the finishings together, and the general poor quality of materials. If you are thinking about buying in this building or their brooklyn building, just come by our building first, stop any owner walking in and ASK THEM what they think of this lobby fiasco. It's what will be in store for you. Obviously these guys make the sale (at any price when the building is almost fully sold) and then just walk away and get on to the next project.
I walked by it today and I doubt you'll get a summer move in date. The exterior besides the fasteners now have metal narrow slides attached to the fasteners. You can't tell what is going on the outside. The inside looks dark.
I don't think the exterior will be any heavy material, i.e. stone, brick, etc... The fasteners are too light looking. Maybe some metallic attachment over an otherwise solid facade.
FWIW, they are finally showing one unit (9B) in contract as of today (Dec 8). I guess it's some kind of milestone, but I'm cautious about believing any information coming from a new dev sales office. When somebody closes and we see a price, this will be worth paying more attention to.
I thought I'd link streetview's thread to the buiding so doesn't get lost.
http://www.streeteasy.com/nyc/talk/discussion/12382-isis-reality-sucks
I watched the old tenements on this corner empty out a couple of years ago and then get demolished to make way for the Isis. Things had already started to turn in the market and I remember thinking to myself that they'd level the site and stop, so there would be an empty lot until it made economic sense to build again. (I also thought that in the meantime they might get their hands on one of the neighboring buildings so the project could have a bigger footprint.) Anyway, I didn't go by that corner for a few months and when I finally did I was stunned to see the thing above ground level and rising. I can't imagine who thought it was a good idea to proceed with this. toast indeed.
And these prices, 1500psf, uuummfaaa
suddenly 600psf in lic doesnt sound so bad
Sidelinesitter, thanks for the recovery of the previous postings on Isis. Not sure why it was taken off. The intent was to develop an understanding why a developer would go to extremes with a mass markdown of all offered units.
What's up with the exterior. The facing looks like something out of the 3rd world (unfinished around the set windows). Are they waiting on some material?
Here's the Plan:
1.Plan building
2.Build Building and order custom windows
3.Windows don't fit
4.Dream up a way to make them fit.(that's the stuff your talk'in about)
5.Sell condos at absurd above market pricing
6.Make tons of money(who say's business school isn't worth the money)
What is going on with this Isis????
why can't they get the floorplans to show? it does not speak too well of the executive capabilities.....
are they going to finish this thing? is there some legal imbroglio??
Are they going to finish by Spring 2010 as they claim?
Doesn't look like it. The same sign reads the Retail space opens October 2009.
The facade "fasteners" are going up on the exterior. Interesting to see how safe the fasteners are and how they will hold up. The true test test will come in five years when the 2nd Avenue subway construction rumbles through E77.
Try the Fall of 2010, if they try real hard. The have the sheet rock up and the rest is raw condition.
Those exterior fasteners are looking a little weak.
Has anyone ever seen this type of exterior finish b4?
Is it safe?
Will it be worth walking on the opposite side of the street 4ever?
You guys are a big help for me. I am an overseas purchaser and any information on this property would be very useful for me. I do sense a lot of skepticism about this building from all your comments. Why is that? Is it not a good building? The plans and amenities as well as the sample flat look quite good. DO educate me please. Thanks.
I am an owner at the Alchemy developed 50 West 15th Street and I would do some research on the developer before buying into ANY new construction that they do. In particular, I would have a look at the lobby at 50 West 15th St - the oculus - as they never finished the work they promised ONE YEAR after closings began. There seems to be no end in sight. Once Alchemy gets most of the sales in, they MOVE ON to the next project and leave you, the owner, hanging in the lurch. I promise to come back here and let you all know IF they ever finish the lobby but right now, I have my doubts. Caveat Emptor.
I also wanted to add to the above - currently the lobby that is only partially done after all this time has to be the shoddiest lobby ever made. I am seriously not just saying that - anyone, even someone without an eye for detail, would laugh at how poorly everything fits, the wood shimmies holding the finishings together, and the general poor quality of materials. If you are thinking about buying in this building or their brooklyn building, just come by our building first, stop any owner walking in and ASK THEM what they think of this lobby fiasco. It's what will be in store for you. Obviously these guys make the sale (at any price when the building is almost fully sold) and then just walk away and get on to the next project.
Hi,
Does anyone know why nothing is selling in this building even though its almost near completion?
I walked by it today and I doubt you'll get a summer move in date. The exterior besides the fasteners now have metal narrow slides attached to the fasteners. You can't tell what is going on the outside. The inside looks dark.
Is this a candidate for an Auction this Spring?
nysearcher
I would look at the price, then look at the location, then look back at the price, then I think it should be clear.
I don't think the exterior will be any heavy material, i.e. stone, brick, etc... The fasteners are too light looking. Maybe some metallic attachment over an otherwise solid facade.
FWIW, they are finally showing one unit (9B) in contract as of today (Dec 8). I guess it's some kind of milestone, but I'm cautious about believing any information coming from a new dev sales office. When somebody closes and we see a price, this will be worth paying more attention to.