One of the new projects near the architect’s row in Far West Chelsea boasts one man as both architect and developer. “People love architects,” notes Cary Tamarkin, the designer of the boutique condo at 456 West 19th Street, one of the latest projects directly on Manhattan’s High Line. “Everyone knows that architects are noble and spend time making things beautiful.” “I worked super hard to make a building that is kind of outrageous,” he says. But Tamarkin is also the project’s developer, as he has been for all of his projects during the last 14 years. And everyone knows that developers are “greedy, money-hungry, food-spitting” miscreants obsessed with keeping costs down, he says.  more

The recession hasn’t stopped construction of three apartment buildings on West 12th Street, between the Hudson River and Washington Street. Three factories on the block are being turned into the Related Companies’ Superior Ink development at 400 West 12th Street, developer Cary Tamarkin’s five-unit building at 397 West 12th Street and Flank’s 12-unit building at 385 West 12th Street. While the developers were able to keep construction going during the downturn, it remains to be seen how the new units will sell. Related reported that Superior Ink, which has 68 units and seven townhouses, was 80 percent sold two months ago, and designer Marc Jacobs bought a townhouse in the development for about $2,888 a foot. Flank says that seven of its 12 units are sold, but all the sales took place last summer. And at Tamarkin’s development, only one of five units have sold, and prices were cut by 15 percent in the building last month.

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The recession hasn’t stopped construction of three apartment buildings
on West 12th Street, between the Hudson River and Washington Street.
Three factories on the block are being turned into the Related
Companies’ Superior Ink development at 400 West 12th Street, developer
Cary Tamarkin’s five-unit building at 397 West 12th Street and Flank’s
12-unit building at 385 West 12th Street. While the developers were able to
keep construction going during the downturn, it remains to be seen how
the new units will sell. Related reported that Superior Ink, which has
68 units and seven townhouses, was 80 percent sold two months ago, and designer Marc Jacobs
bought a townhouse in the development for about $2,888 a foot. Flank says
that seven of its 12 units are sold, but all the sales took place last
summer. And at Tamarkin’s development, only one of five units have
sold, and prices were cut by 15 percent in the building last month. [more]