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New Developments in the News
MARCH 2, 2009
Developers do what they do best, buyers wait for good news
The housing market may soon benefit from an $8,000 first-time-home-buyer tax credit and other stimulus-package items that improve affordability. Buyers seem to be waiting for the real possibility of very favorable buying conditions to come in the form of the aforementioned assistance as well mortgage payments at a 50-year low.
New condos are being marketed at the Fairchild at 55 Vestry Street. The TriBeCa residence features 22-foot ceilings, oversized triplex town homes and all the top-flight amenities we've come to expect from the neighborhood; A new tower will replace a handful of restaurants at 70 West 45th Street. The 50 story development, to be named Cassa NYC, will consist of 88 condo units and 40 hotel rooms.
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