Closings soon??

The website still claims occupancy 2018.

Not even close, walk past it everyday. Q1-Q2 2019 optimistic

Whenever I walk along the East River Promenade I could swear this building is out of plumb.

Does anyone know if the could lose the tax abatement if the dont finish the project on time? I would imagine they have to get things done on a certain timetable to get the tax abatement.

Does anyone know if the could lose the tax abatement if the dont finish the project on time? I would imagine they have to get things done on a certain timetable to get the tax abatement.

FYI - they have started closing on units as of a few weeks ago (Finally)

Hi all,

Any other buyers on here? The developers are trying to get us to close without the abatement set in stone which is obviously a problem. If you'd like to discuss with other buyers, feel free to message here: abatement@protonmail.com

You might want to consider telling them you will close with the amount of the abatement held in escrow.

My understand is it can sometimes take time to get the abatement in place.

Hello all. The sponsor refused us the right to bring an engineer, professional inspector for apartment inspection before the closing. Is somebody else met with the same problem and if yes what do you plan to do about it?

Yesterday attended the inspection of the unit. Made a big punch list of things, which should be done in the apartment. Besides of that common areas are not ready at all. They need at least half a year to complete it. There is no carpet on the floor from the elevator to the unit, main entrance not ready, I did not see concierge, dirty everywhere, etc. How they plan to close titles in such building condition? Any ideas?

ALEX771, were you able to bring a certified inspector with you to the inspection? How long was your 'big punch list' exactly?

You getting any kind of credit on condo fees if the common areas are completely not done?

I don't see how they can close when you can't even enter the building, let alone emergency services (fire/ambulance/police).

I've heard this building had very sloppy construction.

Yes. They caved. I did the inspection with the professional inspector and it worth it. He saw ten times more than I could.
Regarding the credit the sponsor's attorney wrote: At this time, the common charges are waived. Your client will be advised when the collection of common charges will begin. Thank you.

Very nice. Glad you stuck out for your rights. When you buy a new development, everything has to be very nice in your unit.

Anything you recommend I look out for or have the inspector check? Losing a lot of sleep over the stress of this all.

There's always going to be a punch list, and it survives closing. They usually won't complete hallways and other common areas until most buyers have moved in. This way it won't be destroyed during the moving process of hundreds of people.

That makes sense theburkhadtgroup. I wonder - if people have closed, does that mean the building is in liveable condition? Or is it a ghost town? Where is the entrance for moving in and also to just get in there to get home at night

ALEX771, Congratulation on your new condo. Look like your inspector did a great job. I'm looking for a inspector prior to the closing in this building. Can you give me the name of the company that inspected your condo. Thank you.

Hi ALEX771,

Thanks for your insight through your process. We're also getting pinched by the sponsors and they're barring a engineer / home inspector in. Highly suspect to say the least. Would you mind emailing me- abatement@protonmail.com ? Would like to hear more about your experience and any tidbits you can give.

I would love to know under which law or agreement, they can prevent a buyer to bring home inspector or engineer as long as they are only checking the unit not the rest of the building? Is there something in the contract to buy?

Seconding 300_mercer. If this isn't allowed by law, are there any potential consequences to the sponsor for trying this? I'm guessing the answer is no.

First of all your attorney should be aggressive and should fight for your rights. There is nothing in the Contract of purchase that prohibit to bring professional inspector for unit inspection. I think they do it because my inspector found a lot of deficiencies, which I alone would miss for sure. Today during the closing the sponsor also gave us a hard time. If you have other questions write to alex771@optonline.net.

Can anyone tell me which floors have been moved in and when the next closings will occur?

To jlynch: closings now every day. 20-25 units already closed.

Does anyone that has closed actually live in the building yet? I.e. is it move-in ready into the individual unit? Or are they doing closings without units being move in ready?

Apparently there's 5 ppl already living in it already although the place is a disaster in it's current state.

This place has all the symptoms of rushed construction with no accountability by the sponsors due to them hiding behind contract jargon.

Today I went there. Got keys and welcome package. And I asked if somebody moved in. The answered 12 people.

Our clients closed last week, have moved in.

Keith Burkhardt
TBG

To GP13. Sorry for delayed response. Just saw you question. Email to wbell@compass.com.
The name of the person is Walker Bell.

What kind of discounts/concessions are people getting from the developer?

@keith - are your clients in the tower? if so, what floor? curious how high up is move in ready in the tower.

Do not know about now but late 17 was good for the developer.
https://streeteasy.com/sale/1293253

I forgot how few of the units in this building were condos.

Only 95. And more than 250 rentals. I am guessing the developer has a plan to convert some of the rentals to condos as the area gets more established (whatever the legal process is).

Sponsor just came back to me and is *still* saying no inspector is permitted for the inspection. This is ridiculous and a horrible reflection on how they conduct business.

To GeneralShamu:
Tell them it is a violation of your rights. There is nothing in the agreement that prohibit you from bringing the inspector and you are not going to close without proper inspection of the unit.

Sloppy sloppy construction. Marble counter top is cracked and the developer’s lackeys are staring it’s cosmetic. Difficult for them to complete on time but they’ll be sure to have you close without a home inspector so you can’t find what little pride they put in their work.

It sounds like you need an engineer to look at all of the building.

For the people who are now living in the building... How is it going? Any noise issues or AC issues? Elevators good? Etc.

Also curious on how the noise is, AC is, elevators, etc. Hearing end of 2019 for amenities to be complete.

Recently visited the rental portion of the tower with a friend that is considering moving into this building. Was surprised at the cheap PTAC units and how poorly maintained the hallways were -- lots of scratches on the paint. Also, it looked like several of the common spaces were not done yet, over a year after most people moved in?