By admin on Tuesday, May 13th, 2008 at 6:47 pm
Hudson Now reports. the condominium tower at 77 Hudson Street was topped off last week at 48 stories. The tower shares a parking garage with a rental building also under construction, but with a Greene Street address. The rental tower suffered a setback last year when several floors burned in a fire.
Green-Blue glass began covering the tower a few weeks ago. 77 Hudson was mentioned in a New York Times story several weeks ago discussing the soaring price of glass. Developer K Hovnanian was immune to the price spikes due to long term contracts, the subtext being that buyers hoping for a modern all glass tower should buy at 77 Hudson because future developments may limit expensive plate glass.
The sales team at 77 Hudson have done a remarkable job grabbing at press coverage. Most recently, the Times compared77 Hudson to Battery Park City’s The Visionaire. The prices at 77 Hudson don’t exactly match Manhattan’s, but are driving the Jersey City’s downtown price per square foot; units are rumored to be selling at more than $600 a square foot.
The complex has experienced a rocky construction path. Besides a fire ripping through several floors of the rental tower, a worker fell to his death. The condominium tower is expected to be finished early next year.