flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

Priced to sell: DUMBO condo development offers starter units in luxury setting

Multifamily Housing

Priced to sell: DUMBO condo development offers starter units in luxury setting

Designed by ODA New York, 98 Front Street will be loaded with amenities like a salt water pool, co-working spaces, and indoor and outdoor fitness centers.


By By Jonathan Barnes, Contributing Editor | April 8, 2019
Priced to sell: DUMBO condo development offers starter units in luxury setting

Rendering: Craft

Planned as a sleek, modernistic structure catering to today’s busy city dweller lifestyle, 98 Front Street is DUMBO’s newest luxury condominium development.

The 11-story luxury condominium was designed by ODA New York and will have 165, studio, one-, two-, three-, and four-bedroom residences ranging from 400 sf to more than 2,000 sf. Asking prices will start at $595,000, which in the sky high real estate market of New York City, offer a rather affordable option for first-time buyers and professionals looking to buy into the hot market.

98 Front Street condos will have 10-foot ceiling heights, eight-foot solid core doors, five-inch-wide white oak flooring, and oversized insulated sound-attenuated windows. Each unit also will have Latch smart access keyless locks, Butterfly MX smart intercoms, and high-speed wiring. The building will have a 24-7 doorman.  

 

Rendering: Craft

 

“At 98 Front Street we set out to design an environmentally friendly, wellness-centered, and design-forward building that both stands out and compliments the neighborhood’s historic and industrial aesthetic,” said Sha Dinour, a Partner with the building’s developer, Hopestreet.  

In a market in which a small apartment can easily cost more than six figures even in a converted building, having units that are new, state-of-the-art, and available at well below a seven-figure price tag should bring a rush of buyers to the development. 

 

SEE ALSO: Here's what $41M will buy you in the OMA-designed Avery tower in SF

 

The building will have an indoor salt water pool, spa, steam room, indoor and outdoor fitness centers, and a lobby with a sculptured reflecting pool. Residents will be able to access a 7,000-sf rooftop featuring barbecue grills, three outdoor kitchens, a bocce ball court, outdoor screening area, and a resident’s lounge and co-working space. Bike storage, on-site parking and resident storage units will also be available for a fee.

The project is expected to open next year. 

 

Related Stories

MFPRO+ News | Jul 15, 2024

More permits for ADUs than single-family homes issued in San Diego

Popularity of granny flats growing in California

Vertical Transportation | Jul 12, 2024

Elevator regulations responsible for some of ballooning multifamily costs

Codes and regulations for elevators in the United States are a key factor in inflating costs of multifamily development, argues a guest columnist in the New York Times.

MFPRO+ New Projects | Jul 2, 2024

Miami residential condo tower provides a deeded office unit for every buyer

A new Miami residential condo office tower sweetens the deal for buyers by providing an individual, deeded and furnished office with each condo unit purchased. One Twenty Brickell Residences, a 34-story, 240-unit tower, also offers more than 60,000 sf of exclusive residential amenities.

Student Housing | Jul 1, 2024

Two-tower luxury senior living community features wellness and biophilic elements

A new, two-building, 27-story senior living community in Tysons, Va., emphasizes wellness and biophilic design elements. The Mather, a luxury community for adults aged 62 and older, is situated on a small site surrounded by high-rises.

MFPRO+ New Projects | Jun 27, 2024

Chicago’s long-vacant Spire site will be home to a two-tower residential development

In downtown Chicago, the site of the planned Chicago Spire, at the confluence of Lake Michigan and the Chicago River, has sat vacant since construction ceased in the wake of the Great Recession. In the next few years, the site will be home to a new two-tower residential development, 400 Lake Shore.

MFPRO+ News | Jun 25, 2024

New York mayor releases multi-year plan to address affordable housing crisis

The plan seeks to create and preserve affordable housing. It will incentivize the inclusion of permanently affordable and rent stabilized housing in new, multi-family construction projects.

Student Housing | Jun 25, 2024

P3 student housing project with 176 units slated for Purdue University Fort Wayne

A public/private partnership will fund a four-story, 213,000 sf apartment complex on Purdue University Fort Wayne’s (PFW’s) North Campus in Fort Wayne, Indiana. The P3 entity was formed exclusively for this property.

Apartments | Jun 25, 2024

10 hardest places to find an apartment in 2024

The challenge of finding an available rental continues to increase for Americans nation-wide. On average, there are eight prospective tenants vying for the same vacant apartment.

MFPRO+ News | Jun 24, 2024

‘Yes in God’s Backyard’ movement could create more affordable housing

The so-called “Yes in God’s Backyard” (YIGBY) movement, where houses of worship convert their properties to housing, could help alleviate the serious housing crisis affecting many communities around the country.

Student Housing | Jun 20, 2024

How student housing developments are evolving to meet new expectations

The days of uninspired dorm rooms with little more than a bed and a communal bathroom down the hall are long gone. Students increasingly seek inclusive design, communities to enhance learning and living, and a focus on wellness that encompasses everything from meditation spaces to mental health resources.

boombox1
boombox2
native1

More In Category




halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021