More than 100 units are either rented (43) or sold (58) in Sky View at Carriage City Plaza, as of the end of last month. That would account for 101 of the 222 units in the 16-story complex. (Remember when half were under contract?)
City Administrator and Redevelopment Director Peter Pelissier told Redevelopment Agency commissioners during their meeting Wednesday night that another unit has closed and two more are under contract and may close soon. Pelissier said he was told by Carlos Silva of Carriage City Properties to expect a letter shortly regarding payment to the agency for the latest unit closing. It would be the first unit to close since early this year, with the most recent appearing in property transactions in April.
The agency’s settlement agreement with Carriage City Properties, however, remains unsigned. Pelissier told commissioners he would have more information at next month’s meeting and likely would require an executive session meeting to discuss “sensitive issues” and determine a course of action.
Carriage City began marketing rentals almost a year ago ($1,250 for a one-bedroom at the time, which has since increased to $1,350), in violation of their redevelopment agreement, which prompted discussions with the agency and ultimately a settlement.
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Did the crime stats include Carriage City Properties ripping off the city and Skyview buyers?
Sorry but I don't feel like it was a rip off. I like living here!
The real estate market has been crushed. It's not their fault people backed out. I live here too and I am very happy here. As things rebound I'm sure the sales will as well and the city will get its money.
Anons,Thanks for sharing. Any specific likes/dislikes about the building? What's the word about the rooftop bar? I heard conflicting reports that was open to residents a bit this summer.
Anon 3,Anon 1 here. Other threads on this very blog pointed at CCP's preferred lender for raising the down payment requirements once the mortgage mess gathered steam. It's unclear whether CCP refunded deposits to buyers who suddenly found themselves unable to secure financing. Then again the financially sensible thing to do may have been to just eat the loss on the deposit and walk away: I'd rather hand $10k or whatever to CCP than go through with a deal that lands me an apartment worth at best $225k for a price of $300k (not that a bank would write that loan anyway). CCP didn't cause the mortgage mess, but there were reports of strong-arm behavior on their part once the mess took hold and buyers found their mortgages yanked away.
Hey Mark, in response to your question:GOOD:Great location to train (leave apt 4 mins before train)Great location in downtown (restuarants and bars seconds away)Hotel perks – front desk, bar, gym, computer center, clean…did I mention the bar! Want breakfast? Out of soda? Need a beer? Bar is nice.Great views, windows are huge.Apartment upgrades are great, granite my friendSafe and comfortableFree newspaper in lobbyBAD:Heating/cooling units are not what I consider central air but are effective none the lessRoofdeck has awesome views (on July 4th it was so fun with everyone up there watching fireworks all over Jersey) but the roofdeck bar is only used for functions at the momentI was told I'd get assigned parking at the parking lot…ummm, no.
Anon, thanks for the good and bad, excellent stuff.