Oculus sells out
August 19, 2009 07:00PM
Oculus Condominium
Developer Alchemy Properties has sold and closed 100 percent of its units at Oculus Condominium, at 50 West 15th Street, according to a press release. Kenneth Horn, Alchemy's president, said the development, which started closings in October, lost one contract before selling out. The project was designed by FXFowle Architects and has 47 studios and one-, two- and three-bedroom units ranging in price from $680,000 to $2.8 million. Amenities include rooftop and yard recreation areas and a video intercom system. TRD
The Real Deal reserves the right to delete any comment it finds to be rude, obscene, racist, sexist, bigoted, irrelevant or repetitive, as well as inappropriate comments about anyone's personal appearance or advertisements. The Real Deal does not endorse any comments posted on its Web site nor does it verify the veracity of comments or the identity of posters.
Comments
Anonymous
see price chopping helps move even mediocre projects
Comment #1 Posted By: Anonymous 08/19/09
Ronald Rump and Polly Benz
Let's see them sell out O Mighty Isis on 77th/2nd.
Comment #2 Posted By: Ronald Rump and Polly Benz 08/19/09
Anonymous
I've seen the finishes here - really good product, fantastic location.
Comment #3 Posted By: Anonymous 08/19/09
Anonymous
Alchemy does good stuff.
Comment #4 Posted By: Anonymous 08/19/09
Anonymous
no alchemy does passable stuff that people without taste will buy
Comment #5 Posted By: Anonymous 08/19/09
Anonymous
This one is one of the few lucky ones to make it out of the real estate bust. And only because so many deals were done in 2006 and 2007. The sales office opened in October 2006, so this took roughly 3 years to sellout at a rate of 1.3 per month.
Comment #6 Posted By: Anonymous 08/20/09
Anonymous
You can't beat the location of 15th between 5th and 6th. Walk to Union Square. Meatpacking. Chelsea Market. Chelsea Big-Box retail. GV. WV. Quiet street.
Comment #7 Posted By: Anonymous 08/20/09
Anonymous
yeah real quiet street. plans to tear down the old union building across the street for a 20 story plus hotel. can't wait.
Comment #8 Posted By: Anonymous 08/20/09
Anonymous
The plans to tear down the union building have been shelved. The financing for was being provided by Lehman - remember them? No more hotel. The new plans are to convert the existing structure to luxury apartments.
Comment #9 Posted By: Anonymous 08/20/09
Anonymous
Isn't this the building that Alchemy has abandoned once they sold all of the apartments? The lobby isn't close to being finished even though the building is 2 years old. Alchemy should do better.
Comment #10 Posted By: Anonymous 08/20/09
Anonymous
that is great news 9. It is always the way to go to adapt and re-use the existing building, especially when its irreplaceable prewar construction. that is the most green thing you can do.
Comment #11 Posted By: Anonymous 08/20/09
Anonymous
Alchemy prices well and the projects are well built in good locations.
Comment #12 Posted By: Anonymous 08/20/09
Anonymous
But why haven't they finished the lobby? It is a bait and switch.
Comment #13 Posted By: Anonymous 08/20/09
Anonymous
Alchemy needs to step up and finish this building. It's disengenuous to announce a press release that the building is "sold out" when the lobby is 25% finished and construction has been "on hold" for almost a year. This will not bode well for future projects if Alchemy does not step it up and make the lobby completion a priority.
Comment #14 Posted By: Anonymous 08/20/09
Anonymous
Yo, thetimesbldg is over 50% sold in only 3 mo. and now we are giving away a classic stella scooter and parking space in bldg.for any signed contracts till labor day.Call mike at apts and lofts for attractive new pricing details.4% co-broke
Comment #15 Posted By: Anonymous 08/21/09