Rockrose began work on its much anticipated mega project at 43-25 Hunter Street on Monday morning. Crews were on scene a little more than two weeks after permits were approved by the Department of Buildings.1 It is a monumental step forward for the project, which originally filed permits back in February, 2013 but had met multiple road blocks.23
According to permits, the 50-story building will have 767,305 square feet of residential space and 18,800 square feet of retail space.
any idea if they will be condos or rentals?
But doesn’t this link say it might be condos? Is it possible there would be a switch?
Rockrose is currently considering developing the final building in its 2,200-unit, four-building development at Court Square as a small condominium property, said Elghanayan. But he acknowledged that it’s a difficult decision to develop condos at the beginning of a neighborhood’s growth, when they have to assume the role of loss leader in order to build critical mass.
“It’s harder for the more pioneering groups to actually do condos. Later everyone else will come in and sort of pick up the benefits,” he said.
This is my three-year, three-bedroom upgrade plan. Haha.