Comments on: Stalled? – Driggs and Manhattan http://cityseen.wordpress.com/2006/11/17/stalled-driggs-and-manhattan/ Scenes of the City Fri, 30 Nov 2007 00:30:58 +0000 http://wordpress.com/ hourly 1 By: larry groff http://cityseen.wordpress.com/2006/11/17/stalled-driggs-and-manhattan/#comment-517 larry groff Fri, 30 Nov 2007 00:30:58 +0000 http://cityseen.wordpress.com/2006/11/17/stalled-driggs-and-manhattan/#comment-517 We lived at 279 Driggs from 1945-1954. From the pictures these condos are not at that address. 279 was at the corner of Leonard, across from the garages (Saab,Volvo, etc) shown in one of the pictures. Unless the street numbers were adjusted, 279 seems incorrect and perhaps 297 is more accurate? We lived at 279 Driggs from 1945-1954. From the pictures these condos are not at that address.
279 was at the corner of Leonard, across from the garages (Saab,Volvo, etc) shown in one of the pictures. Unless the street numbers were adjusted, 279 seems incorrect and perhaps 297 is more accurate?

]]> By: Anon http://cityseen.wordpress.com/2006/11/17/stalled-driggs-and-manhattan/#comment-151 Anon Mon, 14 May 2007 17:42:42 +0000 http://cityseen.wordpress.com/2006/11/17/stalled-driggs-and-manhattan/#comment-151 whats the latest here? whats the latest here?

]]> By: PaulA http://cityseen.wordpress.com/2006/11/17/stalled-driggs-and-manhattan/#comment-40 PaulA Tue, 05 Dec 2006 19:59:29 +0000 http://cityseen.wordpress.com/2006/11/17/stalled-driggs-and-manhattan/#comment-40 Responding to draveed who posted on 11/22, the most common mistake is a lack of ample capital to take these projects through the construction and sales process. A number of developers inadequately capitalized their projects and grossly underestimated the demands placed on them, both by the market and the projects themselves. If you build something, you need the capital to market it effectively. You also need to understand the elasticity of demand for luxury condos and what drives that demand. I think some developers building in Billyburg/Greenpoint missed the mark a bit. Some developments will become rentals. But, as in most of life, they will have a second chance to get it right. There is plenty of capital out there to make sure of that. Oh, and technically, I like to think that I don't necessarily "work" with these rookie developers, so much as I save their skins. Responding to draveed who posted on 11/22, the most common mistake is a lack of ample capital to take these projects through the construction and sales process. A number of developers inadequately capitalized their projects and grossly underestimated the demands placed on them, both by the market and the projects themselves. If you build something, you need the capital to market it effectively. You also need to understand the elasticity of demand for luxury condos and what drives that demand. I think some developers building in Billyburg/Greenpoint missed the mark a bit. Some developments will become rentals. But, as in most of life, they will have a second chance to get it right. There is plenty of capital out there to make sure of that.

Oh, and technically, I like to think that I don’t necessarily “work” with these rookie developers, so much as I save their skins.

]]> By: Matt Norwood http://cityseen.wordpress.com/2006/11/17/stalled-driggs-and-manhattan/#comment-39 Matt Norwood Tue, 05 Dec 2006 00:06:55 +0000 http://cityseen.wordpress.com/2006/11/17/stalled-driggs-and-manhattan/#comment-39 Yeah, the addresses you have must be wrong. I used to live at 277 Driggs, and it's on the next block over, across Leonard. These must be 297 and 291 or something, not 279 and 271. I can't imagine Manhattan Park is going to be anything less than completely fucked up after sitting exposed through the winter. Things like this are why housing is so expensive and dysfunctional in NYC: even new buildings are over-budget and dilapidated because of the greed, ineptitude, and corruption of the developers and city officials. Anyway, good luck to all the yupsters who think they can double the population of the neighborhood and still commute on the L train, which is already overcrowded to the point of being unusable. Suckers. Yeah, the addresses you have must be wrong. I used to live at 277 Driggs, and it’s on the next block over, across Leonard. These must be 297 and 291 or something, not 279 and 271.

I can’t imagine Manhattan Park is going to be anything less than completely fucked up after sitting exposed through the winter. Things like this are why housing is so expensive and dysfunctional in NYC: even new buildings are over-budget and dilapidated because of the greed, ineptitude, and corruption of the developers and city officials.

Anyway, good luck to all the yupsters who think they can double the population of the neighborhood and still commute on the L train, which is already overcrowded to the point of being unusable. Suckers.

]]> By: LICdude http://cityseen.wordpress.com/2006/11/17/stalled-driggs-and-manhattan/#comment-38 LICdude Mon, 04 Dec 2006 20:44:35 +0000 http://cityseen.wordpress.com/2006/11/17/stalled-driggs-and-manhattan/#comment-38 Thanks 12:30. The manhattan park (297 Driggs) looks like it is close to being finished by the way. I walked by on Friday and the exterior looks done, just need to do the lobby & front door. Looked like there were some workers inside in a number of units, too. Anybody know when this is supposed to get a CO? Thanks 12:30. The manhattan park (297 Driggs) looks like it is close to being finished by the way. I walked by on Friday and the exterior looks done, just need to do the lobby & front door. Looked like there were some workers inside in a number of units, too. Anybody know when this is supposed to get a CO?

]]> By: STEVE PRINTS MISINFORMATION AGAIN http://cityseen.wordpress.com/2006/11/17/stalled-driggs-and-manhattan/#comment-35 STEVE PRINTS MISINFORMATION AGAIN Thu, 30 Nov 2006 00:30:14 +0000 http://cityseen.wordpress.com/2006/11/17/stalled-driggs-and-manhattan/#comment-35 Yes, 297 Driggs is the accurate address for Manhattan Park and the other building is by a completely different developer. That for sure is the right information. Please let Steve know... He got all wrong. Again!!! Yes, 297 Driggs is the accurate address for Manhattan Park and the other building is by a completely different developer. That for sure is the right information. Please let Steve know… He got all wrong. Again!!!

]]> By: LICdude http://cityseen.wordpress.com/2006/11/17/stalled-driggs-and-manhattan/#comment-34 LICdude Wed, 29 Nov 2006 20:32:42 +0000 http://cityseen.wordpress.com/2006/11/17/stalled-driggs-and-manhattan/#comment-34 Are these 2 buildings both called Manhattan Park? I thought 297 Driggs was the Manhattan Park, and the other building was being built by a completely different developer. If someone knows for sure, please post. Are these 2 buildings both called Manhattan Park? I thought 297 Driggs was the Manhattan Park, and the other building was being built by a completely different developer. If someone knows for sure, please post.

]]> By: STEVE PRINTS MISINFORMATION AGAIN http://cityseen.wordpress.com/2006/11/17/stalled-driggs-and-manhattan/#comment-30 STEVE PRINTS MISINFORMATION AGAIN Wed, 29 Nov 2006 19:25:13 +0000 http://cityseen.wordpress.com/2006/11/17/stalled-driggs-and-manhattan/#comment-30 Steve, Your information is again INACCURATE. Let's begin with the address of Manhattan Park... WRONG!!! For all those looking at this blog for INSIGHT, Readers beware. This is the 2nd post where Steve provides readers with MISINFORMATION. Curious to see what the focus of Steve's unfactual tirade will be next... Obviously he's no neighborhood expert and does not have any INSIDE information... Steve,

Your information is again INACCURATE.

Let’s begin with the address of Manhattan Park… WRONG!!!

For all those looking at this blog for INSIGHT, Readers beware. This is the 2nd post where Steve provides readers with MISINFORMATION.

Curious to see what the focus of Steve’s unfactual tirade will be next… Obviously he’s no neighborhood expert and does not have any INSIDE information…

]]> By: Park Slope Live » Blog Archive » Plastic Balconies & Bare Lobbies: Greenpoint is Great! http://cityseen.wordpress.com/2006/11/17/stalled-driggs-and-manhattan/#comment-12 Park Slope Live » Blog Archive » Plastic Balconies & Bare Lobbies: Greenpoint is Great! Sat, 25 Nov 2006 03:17:23 +0000 http://cityseen.wordpress.com/2006/11/17/stalled-driggs-and-manhattan/#comment-12 [...] Sure, we like to gently mock Greenpoint’s development boom, but there’s always a dark underside to shiny new buildings. Like, say, when the projects stall. New blog City Seen is only two posts old, but both delve into the phenomenon of seemingly unwanted Greenpoint developments. First up is Manhattan Park, made up of 271 Driggs Ave. (#1; stop work order issued) and 279 Driggs (#2; occasional glimpses of humans, wooden panels come and go). City Seen also takes a detailed look at 55 Eckford Street (#3; security guard long since departed, rumors of no more money flying). We’re starting to get ghost town vibes from looking at these pictures. · Stalled? - Driggs and Manhattan [City Seen] · Stalled - Hello 55 Eckford Street [City Seen] [...] [...] Sure, we like to gently mock Greenpoint’s development boom, but there’s always a dark underside to shiny new buildings. Like, say, when the projects stall. New blog City Seen is only two posts old, but both delve into the phenomenon of seemingly unwanted Greenpoint developments. First up is Manhattan Park, made up of 271 Driggs Ave. (#1; stop work order issued) and 279 Driggs (#2; occasional glimpses of humans, wooden panels come and go). City Seen also takes a detailed look at 55 Eckford Street (#3; security guard long since departed, rumors of no more money flying). We’re starting to get ghost town vibes from looking at these pictures. · Stalled? – Driggs and Manhattan [City Seen] · Stalled – Hello 55 Eckford Street [City Seen] [...]

]]> By: Park Slope Live » Blog Archive » Plastic Balconies & Bare Lobbies: Greenpoint is Great! http://cityseen.wordpress.com/2006/11/17/stalled-driggs-and-manhattan/#comment-11 Park Slope Live » Blog Archive » Plastic Balconies & Bare Lobbies: Greenpoint is Great! Sat, 25 Nov 2006 03:16:50 +0000 http://cityseen.wordpress.com/2006/11/17/stalled-driggs-and-manhattan/#comment-11 [...] Sure, we like to gently mock Greenpoint’s development boom, but there’s always a dark underside to shiny new buildings. Like, say, when the projects stall. New blog City Seen is only two posts old, but both delve into the phenomenon of seemingly unwanted Greenpoint developments. First up is Manhattan Park, made up of 271 Driggs Ave. (#1; stop work order issued) and 279 Driggs (#2; occasional glimpses of humans, wooden panels come and go). City Seen also takes a detailed look at 55 Eckford Street (#3; security guard long since departed, rumors of no more money flying). We’re starting to get ghost town vibes from looking at these pictures. · Stalled? - Driggs and Manhattan [City Seen] · Stalled - Hello 55 Eckford Street [City Seen] [...] [...] Sure, we like to gently mock Greenpoint’s development boom, but there’s always a dark underside to shiny new buildings. Like, say, when the projects stall. New blog City Seen is only two posts old, but both delve into the phenomenon of seemingly unwanted Greenpoint developments. First up is Manhattan Park, made up of 271 Driggs Ave. (#1; stop work order issued) and 279 Driggs (#2; occasional glimpses of humans, wooden panels come and go). City Seen also takes a detailed look at 55 Eckford Street (#3; security guard long since departed, rumors of no more money flying). We’re starting to get ghost town vibes from looking at these pictures. · Stalled? – Driggs and Manhattan [City Seen] · Stalled – Hello 55 Eckford Street [City Seen] [...]

]]>