This week, the Hudson bloggers relay some big news...
Third + Bond’s condo plan has been approved by the Attorney General’s Office! We no longer need the fine print: From our lawyers: “This is not an offering. No offering can be made until an offering plan is filed with the Department of Law of the State of New York." We are excited to be able to market the project freely and SIGN CONTRACTS!
In the boom days, upon receipt of condo plan approval we would’ve immediately thrown open the doors to a (nearby) sales office and turned on the coffee machine. Keeping the prospective buyers from tripping each other on the way to the contract signing would have been routine. We remember several previous projects when the model apartments were finished, the brokers were hired, the waiting lists were antsy, and we sat around for weeks painfully awaiting plan approval. When the call finally came, there were always shouts and cheers, the plan is approved, we can start selling, go go go. Today we expect buyers to take more time to contemplate their purchase. We also expect that fewer buyers will be comfortable buying a residence they can see only on paper. So the good news about the Third + Bond plan was more of a by-the-way email instead of an urgent phone call.
We plan to wait until this autumn, when the model apartments are ready, to start marketing in earnest. Soon though, we’ll launch our teaser website to give you a hint of things to come and to help prospective buyers contact us. And as of RIGHT NOW you can call our (off-site) sales office at 718-290-2490. And yes, you can sign your contract(s) any time now, the phone lines are open.
Inside Third & Bond: Weeks 1-82 [Brownstoner]
From our lawyers: “This is not an offering. No offering can be made until an offering plan is filed with the Department of Law of the State of New York."
