Developers filed permits to construct a seven-story condo building at 466 Columbus Avenue between 82nd and 83rd street, which is now a three-story commercial building. Blossom restaurant used to be on the ground floor, but has since moved to 507 Columbus, two blocks up.
The building is in a landmark district, so the design would have to pass muster with the Landmarks Preservation Commission. If approved, there will be ground floor retail in the new building, and one apartment on each floor from the 2nd through the 7th — the apartments will average 3,400 square feet, according to NY YIMBY. There will also be a penthouse and a roofdeck. The developer is Roe Corporation, and the architect is BKSK Architects, which designed Harsen House on 72nd street.
I hope the DOE puts a school on one or more of the floors.
Rich kids go to private school.
Sean, not necessarily so. There aren’t enough spots in private schools for all the rich kids. I suppose that’s what the people in the “Trump” buildings thought before they overcrowded PS 199.
Those apts will undoubtedly go for at least $2 million apiece, maybe $3m. I wonder who would spend much that to live on a noisy business street with no views? Maybe the Chinese; or the Orthodox families with 5 kids each.
Maybe the same people who live on 81st between Central Park West and Columbus.
Wendy, your comment is insulting and is exactly what is wrong with people today.
Your comment is so inappropriate and bigoted. Maybe you need to sit back and think before you hit the post comment button.
Nice comment, Fraulein Wendy!
Considering the fact that there really aren’t many Chinese families or Orthodox families with 5 kids on the UWS relative to the entire population, your comment speaks volumes about you and your prejudices.
Obviously you won’t be living there.
What exactly are you suggesting, Wendy? Seems like a curious comment.
try more like 10 million or more a piece 3 thousand plus a square foot for apartment of this type
Seriously. There’s no way these go for anything remotely close to $2 million.
Project seems like it’s in good hands- Hansen House is a smartly designed , elegant and modest building by todays standards.
As long as the Manhattan real estate market remains robust, foreign cash will pour into this building. Sight unseen, especially because it’s new. Russian, Chinese, any zillionaire living under a potentially unstable regime where they are afraid assets will be seized will buy into this building. They may not even live there. Check out the building at 86th and WEA some night. All the apartments have been purchased and there’s barely a light on. You never see anyone going in or out. It’s a ghost building. A doorman’s delight. And the apartments there were anywhere from $4-5 million to $15 million for the top floor. And all the kitchens were Orthodox ready. Guess who’s not living there?
What will happen to Flywheel?
Hold the builders to match the roof line of the two buildings on either side. 4 stories, no more. What are proposed condo sizes and prices?
Wendy, you’re a racist.
Wow! Relatively reasonable comments without the usual kvetching about the neighborhood becoming: (a) suburbia; (b) a playground for the über-wealthy; (c) over-developed; or (d) all of the above.
Where ARE the NIMBY’s when you (don’t really) need them?
We always have you.
Wow! FOUR words in 19 characters, including spaces. What a verbal barrage!
You must have been the bane of your English/Language Arts instructors’ (plural possessive) existence!
Teacher: Can’t you write more? Can’t you elaborate??
Student (you): Nahh-hh-hh, I ain’t got nuttin’ more to say!
Teacher: Okay…C-minus!
Actually his comment is succinct and on target.
It’s your comment that was pointless and added nothing to the discussion.
Interesting. Adding more yuppies to add to a very sordid and ghetto stretch of the Upper West Side. Very interesting.
I hardly consider Columbus between W82 and W83 ghetto or sordid. Where are you from?
Seriously. Is anywhere in the lower 80s really sordid? No. But where will Flywheel go?!
Real Estate is about the future not the past.
The majority of the condos at One Morningside @ 110th St were purchased by Westsiders in record time . The developers of Circa Central Park @ 110/CPW which will have a mix of market rate & subsidized units , are banking on the overflow and pent up demand to absorb the 39 condos . Foreign $ can expect stiff competition from the locals in this next round.
Isn’t 1 Morningside a rental building?
New 3,400 square foot apartment just when interest rates are going up and a record number of luxury apartments are going to be available by next year everywhere in NY. The prices for these large apartments are going to drop. Within 5 years they will split them for smaller apartments so they will sell.
That the prices will fall is almost a certainty. NY real estate pricing runs in cycles just like it does virtually everywhere. But splitting into smaller apts, I think you can forget about that. Conversion to rentals as has happened in the past when the market softened is more likely
I don’t think so.
This is another property that has more FAR to sell than is built. Mandatory inclusionary zoning is necessary to maintain lower priced housing units in the community in new buildings.
There is a discussion about mandatory inclusionary zoning today:
http://pwpolicyforum.blogspot.com/2015/12/december-2015-forum.html
Don’t be fooled –the Mayor’s plan will do nothing to increase affordable housing. It doesn’t even kick in unless a developer asked for his land to be mapped. The “affordable housing” is a smoke screen for giveaways to developers. ZQA is what developers want not communities and the mayor has already said I don’t care what community boards want ..who do they thing they are. My constituents are developers. Ok maybe not in so many words but it was pretty clear.
There is no perfect plan or guarantee that this one will work. The zoning proposal will map a lot more properties for inclusionary housing as an option. It’s only mandatory if a developer opts to use the bonuses. Even though it is not truly a mandatory requirement, by upzoning some districts, it may stimulate other construction which is a good thing. Potentially, it may create new business opportunities and jobs, putting money into the pockets of many New Yorkers of various income levels. By itself it will only generate a small number of “affordable” units. It needs to be part of a master plan with many parts that in total will create the large numbers needed.
I think this building is great news.
I’d rather have a luxury apartment building in the hood than a housing project.
They should go taller.
With the massive housing shortage in NYC, they should be creating buildings that are more than 8 stories tall.
We should be building housing at a higher rate than we are in all categories. The UWS community is being bombarded with reports of individual development projects with the spin that they are abnormal and detrimental to the community when the opposite is true. We are being led to think that there is a massive construction boom on the UWS which will threaten how we live. At best there is one or at most two buildings being built every year out of thousands of properties. The frenzy created by the focus on these projects and the resulting energies expended on protecting what doesn’t need protecting takes away from the time needed on getting the truly important things done.
No judgement intended but for what it is worth, there have been a number of media reports about increases in real estate purchases by international buyers.
Two such examples in the NY Times:
“For Foreign Buyers Family Homes Over Trophy Homes” 11/15/15 and “Chinese Cash Floods US Real Estate” 11/29/15.