Sunday, June 6, 2010

Liberty Luxe/Liberty Green Finally Reveal Themselves!



We've been waiting with baited breath for a look at Battery Park's final two residential towers currently being built on the last plot of residential-zoned land in North Battery Park City. Liberty Luxe, a 32-story tower and Liberty Green, a 22-story tower are set to join developer Milstein's previously constructed 1980s South Battery Park "Liberties" (Liberty Court, Liberty House, Liberty Terrace, and Liberty View). The rental arm of Milstein (Milford Management...oh so clever) professionally manages a good number of units in the South BPC Liberties so we can't help but wonder whether Milstein will also only sell a portion of Liberty Luxe/Liberty Green.

Anywho, on to the good stuff. The Liberty Luxe/Liberty Green website has been tempting us for months with a "VIP" form to fill out but no other information. Sometime over the past week however, Milstein put up actual building info with pictures of bathrooms, kitchens and common areas. You still kind of have to sneak by the pesky VIP form however, by clicking the newly appeared "Enter Site" link in the lower right-hand corner on the otherwise unchanged homepage.

So...the good?
-Looks like Liberty Luxe (the taller of the two at 32 floors) is going to have a rooftop pool! (ooooh, we likey) and Liberty Green (22 floors) is going to have a decked out roof deck
- The bathrooms and kitchens look nice - we like the bright finishes.
- The pictures of the views are spectacular although we suspect are available from fewer than 25% of the apartments

And...the bad?
- No Prices or Floorplans! Come on peeps...don't make us sit through the sales presentation just to get a price list or a glimpse of the square footage. With (we think) over 300 apartments to sell, Milstein has to price VERY aggressively in order for any of us who need a mortgage to actually be able to move in this decade. Let's not forget the plight of One Rector Park and other high profile BPC disasters.

Finally...the unknown?
- The dreaded ground rent! On the minds of any purchaser in Battery Park, we can't wait to see what Milstein has negotiated for the new Liberties. The South BPC Liberties have always had low ground rents for the area, a testament to Milstein's negotiating capabilities. Will Liberty Luxe/Liberty Green follow suit?

1 comments:

Anonymous said...

The pool on the top of Liberty Luxe will be a "wading pool" - all of 18 inches in depth! The ground rents will start low but they will go up 20% every 2 years (similar to 421a somewhat).

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