A few days ago, the Q reported that a Hello Living development is going up at New York Avenue and Hawthorne. Now, from a reader, comes word of another project on the north side of Lenox near Nostrand. Forget for a moment that this time out they are DEFINITELY stretching the limits of a neighborhood known as Prospect Lefferts Gardens (though followers of the Q will know I am not a fan of such rigid nabe boundaries, and I don't care for the name at all. Well, I like "Prospect Lefferts Gardens" a lot more than "PLG," though Prospect like the park, Lefferts like the original homestead and Manor I get. But it does not excuse the Garden(s) when there is only one Botanic Garden. The hyphen sometimes employed between Prospect and Lefferts is simply inexplicable and indefensible, no matter WHAT our delightful neighborhood historians might tell you. But now I've lost focus...)
What's news, beyond the fact that development is heating up around here, is that HL asks that YOU the buyer pony up dough long before the building is built. $25K initially, then at least $300K before even seeing the final product. Now, I understand the idea of buying before receiving. I do it on Amazon.com all the time. But...is this really a legitimate way to sell apartments? I thought developers had to get their own financing for buildings. And it seems awful risky for the buyer. What if the project falls through? I read the contract and I can SEE that you get your money back. But seeing it written and actually getting a certified check for $325,000 seems like quite a bridge from clouds to earth. Not exactly a rainbow either (did you see that on Saturday after the downfall? Goosebumps...)
Here's the publicly available brochure. Ping* me if you want a copy of the "confidential" terms statements.
The Q at Parkside
News and Nonsense from the Brooklyn neighborhood of Lefferts and environs, or more specifically a neighborhood once known as Melrose Park. Sometimes called Lefferts Gardens. Or Prospect-Lefferts Gardens. Or PLG. Or North Flatbush. Or Caledonia (west of Ocean). Or West Pigtown. Across From Park Slope. Under Crown Heights. Near Drummer's Grove. The Side of the Park With the McDonalds. Jackie Robinson Town. Home of Lefferts Manor. West Wingate. Near Kings County Hospital. Or if you're coming from the airport in taxi, maybe just Flatbush is best.