Cipriani Club Residences
Started by anonymous
over 19 years ago
Posts: 8501
Member since: Feb 2006
Discussion about Residences at 55 Wall Street at 55 Wall Street in Financial District
Dark? Maybe some of the inside units, but not the outside units, particularly the ones facing Wall Street. The building and renovation were incredible, the benchmark by which others will be judged. Unfortunately, we saw the Cipriani first, which meant everything else was a disappointment. Fit, finish and quality were 5 star. While everything else in the area will probably suffer in the downturn, this building won't, they're selling a lifestyle and if you have the money you will buy here. The only negatives were the requirement to buy their designer furniture (included in price). It was really meant for part-timers, people who would use the residence as a home away from home (they even include the dishes). A very limited range of designer furniture just doesn't fit a growing family very well. At close to $3 million for a 3BR, it was just too much for us right now, but I hope to save my pennies for a few years because this was The One. And my guess is it will cost more in 2 years, which will be the opposite of everything else in the area.
If its so awesome, why are there still 43 units for sale after 18-months of marketing? Most condos are selling around 75% of their units before completion. Just a comment, not a criticism.
Actually, some of those 43 units actually are not available. I have no idea how many, but I can tell you that I closed in April and my unit is still listed under the sales listings section (although it is also listed under the building activity section as well).