Metal Shutter Houses

keep hope alive. i'm fairly certain at least one of these won't close. possibly a few. and then you might be able to plunk down a couple thousand per square foot to live on the fringes of Chelsea.

Define "fringes of Chelsea"

- any border or edging: something that serves as or resembles a border
- outer limit: the outer edge, or something considered to be on the outer edge and not central to an activity, interest…
Encarta World English Dictionary

By "fringes", I think he means away from crappy mom & pop stores, away from crowds, far from public transportation (gross) and an unimaginative typical NY ugly banal white box you measure by ppsf.

I don't think the buyers of sophisticated masterpieces like metal shutter houses give a shit about PPSF. The spaces, finishes, layout, the retracting walls are all very beautiful and above 99.99% of NYC spaces.

I've just noticed most of the good new buildings are in the fringes.

Well then living in the fringes is appealing because I don't need to be around domestic amenities and I don't do the subway.

The quietness is appealing.

I like the West Chelsea/West Village vibe.

they will all close.

they sold with the quickness.

sucks for you

unless the purchaser no longer has a job, or expected to get a mortgage and can no longer do so.

i like fringe myself, just not at these prices.

as i always say, to each his or her own. but there may be a second opportunity to buy here, and that was my real point.

Gaymafia, I would contact the developer. There may be someone who is looking to get out of their contract and then you can get into the building. I agree that west chelsea is a hot new hood.
BTW, nice screen name. Good luck !!

Maybe you'll like this 100 Eleventh Avenue, it's very pretty:

http://farm3.static.flickr.com/2481/3574969752_40dd3fac99_b.jpg

http://www.streeteasy.com/nyc/building/100-11-avenue-new_york

Not as avant garde as Metal Shutter Houses, but still very beautiful and on the same block.

And that neighborhood is soo amazing. probably my favorite hood..especially with the highline...all the developments going on there are so amazing and modern.

There will be opportunities on this. I know of one unit that will end up on the market.

"Define "fringes of Chelsea""

Hoboken.

What a stunning "artist rendering version at least" building.
Any scoop on it? Is it completed? Are they closing?Lost deposits? Deposits back?

Condo declaration is in as of 9/23/09.
Let's see if the closings follow. i'm sure it will depend on how tight the contracts are.
At $2000 per sq ft, I shudder to think everyone in contract will shut her.

shutters seems like an awesome place---when my time comes, I hope the psf has come down to more palatable levels--this and the bldg where you park in your lr seem very cool--like the hood too

I agree Ubottom.
While Chelsea is not my primary choice, there are so many new developments and some really nice that realistic reductions in pricing may entice me to come over.
So many properties along the highline just completing,a real wealth of condo shadow inventory in limbo.

Looks like we have a closing

Unit#2

StreetEasy History
10/26/2007Listed in StreetEasy, already in contract, by Corcoran at $4,500,000.
06/26/2008Listing is no longer available.
08/15/2008Listing entered contract.
10/29/2009Sale recorded for $(insiders only) $3,417,900.

Will the others close?
Will the other have a 20%plus price chop as well?

therealdeal chimes in with some inside info;

"The first closing on famed architect Shigeru Ban's Metal Shutter Houses at 524 West 19th Street between 10th and 11th avenues has posted, but it may be too soon to celebrate. Curbed reports that the buyer listed is Dean Maltz, purportedly the same Dean Maltz who works as a partner at the architect's U.S. division. Additionally, Maltz saw the price of his new, four-bedroom, four-bathroom, 2,754-square-foot home knocked down to $3.42 million, a full 24 percent below the unit's asking price. While Maltz reportedly closed on the apartment in late October, it remains to be seen if any other units have been snatched up since then."

http://therealdeal.com/newyork/articles/metal-shutter-houses-sale-at-524-west-19th-street-perhaps-not-all-it-s-cracked-up-to-be

Looking less likely that the rest are going to close