UES Luxe Showdown: Brompton v. Lucida, Round 2

1.

A pal who lives next door says 3Br are $4M at the Lucida....and price hikes of 15-30% are happening quaterly

Still say the Chriping Chiken, Papya King, Movie Dumps, and other chains will always stink up this area

2.

Come on! Do you really think that those outlets will survive the increases in their next lease?

3.

Papaya King owns the land they're sitting on.

4.

I find it hard to believe the Lucinda is selling so well. Extell appears to be having a hard time selling units on the UWS. Has anyone noticed that Ariel East didn't finish installing windows on the top floor about 6 or 7 months ago, and that work on the site is virtually non-existant?

5.

I find it hard to believe that Lucinda is selling so well. Extell appears to be having a hard time selling units on the UWS. Has anyone else noticed that Ariel East stopped installing windows at the top floor about 6 or 7 months ago, and that work at the site is virtually non-existant?

6.

I don't know how those Ariel buildings are selling (nor the Lucida for that matter), but the difference here is that the Ariels are very expensive for their area. It may well be developing rapidly, but I am sure the market for expensive apartments in that location is smaller than the market for places like the Lucida. Most people here trash the UES, but to a lot of people, it's still extemely desirable, and it doesn't surprise me that there's a hungry market for large, family size apartments, especially condos. 86th may not be ideal, but it's still well located in terms of the park, schools, transportation, shopping, etc. It may take a while for the downscale chains and stores to go, but it will happen (although it will still become just a higher class of strip mall).

7.

I like the neighborhood! Look at the hot blonde chick in the tiny red shorts in pic #1.

8.

#7, Dude................you totally missed that babe in lower left in micro-mini-white shorts and nice long hair below shoulder blades....

9.

#2

Actually yes....crap outlets do way better than their competition.

My money is Banana Republic, Petco, GAP get the boot.

People love buying crap and eating or wearing it.

10.

#9 - #2 replying here. While I mostly agree with you, I have seen this story repeated before, be it at Fowad on 96th and Bway (now a WaMu), Morris Brothers (there for 60 years) which is now also going to be a bank, etc. The ones who are protected are those who own their own land AND decide to avoid the temptation to sell out for millions.

Don't forget also that the landlords want different tenants and often hold out for whoever it is they want. A greasy spoon is not as desirable as another bank (to them).

11.

78th and 2nd-
No props to my blog, the originator of the Brompton v Lucida battle?

12.

#8 You're right, didn't see her. I've always had a thing for blondes.....

13.

When my wife and I went under contract at the Lucida we were told we would be moving in sometime in the spring of 2008. How is this possible? I also just found out that part of the building is going to be lower income rentals. This really sucks!

14.

#13 -- we are also the buyers in the lucida. the info on the rentals was in the offering plan. I doubt that they will be very low income though ;-) We were never told that we will be moving spring 2008. We were given the estimate of spring 2009 (as we are a high floor that moves in later), but I project a year out -- spring 2010.