Friday, March 6, 2009
(L) Looking atGeorgica from SW, and (R) from the W- nice cantilever!
Granted today's market is no day at the beach, but things continue to move along at The Georgica Condominium on the Upper East Side. According to Rob Kaliner, from developer Ascend Group, the building is "on time, and on budget". Echoing the sentiments of Kenneth Horn (of Alchemy Properties and the Isis on 77th), Rob believes that in this market people want a product that is tangible. To that end, the developer is working overtime to get his model units in the building finished by the end of this month. On another optimistic note, the building which is 30% sold, has "seen an increase in traffic of 35% in the past few three to four weeks", according to Kaliner. The building is expecting it's first move-ins this August.