Monday, May 18, 2015


The Good Life: home-owners opt for frugal lifestyle, dumpster-dive on Seventh Avenue (Guardian)

"Three or four times a week in warmer months, Marie bicycles through Park Slope. She knows supermarkets put out trash between 8-9pm. Food Train, at 7th Avenue and 11th Street, is “good for fresh fruits”, and Union Market throws away unexpired, sealed Tuscan bean soups, fresh cheese raviolis and raw kale salads every day – they clean the shelves for newer ones, she explains."

The state of development in Unsinkable Red Hook (Observer)
So who’s moving in (to the loft condos at 160 Imlay)? “The typical buyer would be somebody who is in love with the waterfront,” said Ms. LaRocco (lead broker, Douglas Elliman). “They would have bought in Dumbo in 2005, or One Brooklyn Bridge Park later on; they are kind of moving down along the waterfront. The rest of the people are in the creative industry in New York, and it caught on as a kind of a fringe thing; you either get Red Hook or you don’t.” Prices have climbed over $5 million for some of the larger units, and have averaged a substantial (for Red Hook) $1,000-$1,200 per square foot. “We are definitely setting records with these prices,” Ms. LaRocco laughed. “But what records? There’s nothing else like it here.”
Ms. LaRocco herself is proof of her contention that “people are willing to pay [well] to live here now.” A lifelong Manhattanite, she moved into a “one-bedroom with an alcove” in the Fairway building last summer—a building with a waiting list to get in—and pays $6,300 a month. 

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