Hey, guys, does anybody have any buzz on these developments? They belong to the same developer and were initially planned as a whole. I know there are at least 2 completed (455 and 425 Main St.) and one finishing construction (415 Main) There are supposed to be like 3 more in the pipeline but I don't know if they're going to be bulit, the market being what it is. I'm not thinking of buying into one of them through the developer but through NYU, which bought 58 units pre-development and is now offering them at a reduced price (covering part of the cost with a 0% loan, etc.) to professors. So I would like to know if there's any buzz of the developer reducing prices, since that would push NYU to do the same.

There are actually 4 that are occupied already (475,465,455,425). After 405 and 415 there are three more in the works but no ground broken yet.

http://rooseveltisland360.blogspot.com/2008/06/riverwalk-construction-update-pictures.html

http://rooseveltisland360.blogspot.com/2008/03/rendering-of-riverwalk-complex.html

I was there a couple of years ago. Snooty broker kept insisting that the price will only go up, and interest rate will go up - so I should buy NOW. Glad I didn't.

1. Getting there and back is a pain - only one train (F), which is local, and sometimes stops running or skips Roosevelt island stop on weekends on the way into manhattan (you'd then have to take the train to queens, change to E, etc). The cable car is a bit of an antique piece - the switz (or was it sweedish) company that made it over 60 yrs ago is out of biz, and they cant find parts to replace as it keeps breaking down - once, it got stuck mid air and people were stranded for hours (or was it all night? cant remember). That leaves taxi - and the only way to get there from manhattan is to go to queens and then to RI. About 40 bucks each time. And forget about hailing a taxi from anywhere in RI. The concept does not exist.

2. No retail presence. The way the real estate broker was bragging about the one lone starbucks that was going to open (i believe it is open now), I thought was pathetic. They have one really bad diner, and one equally bad chinese takeout. Manhattan restaurants will not deliver there.

Oh, btw - they were trying to pitch me a condo for $850 a sq ft 3 yrs ago. If I'm not mistaken, it's still about the same. And the broker kept insisting that I should pay up before it goes up and I get priced out FOR EVERRRRRR ..

Riding the cable car is so much fun! I sometimes ride and back and forth just for the great scenery even though I have no reason to travel to Roosevelt Island.

Yes, buy now before you get priced out forever! Real estate only goes up!

Question: So if there are four Riverwalk buildings already occupied (totally or partially)and 415 for occupancy this Fall, why can't I find data on any but 455 Main on Streeteasy? Or is it because the sales office is on 455 Main that all sales are branded as 455 Main? That would be bad because the blgds seem to differ in their finishes, etc.

The first two buildings 475 and 465 are owned by Cornell-Weill and Sloan Kettering.

The retail presence is very very slowly improving.

http://rooseveltisland360.blogspot.com/search/label/Retail

The Tram was built and started in the mid 1970's. Yes it did stop stranding a number of passengers for several hours overnight due to a power issue on April 18, 2006. It was offline during mid-june 2008 for 10 days due to required maintenance to slip the cables and will be off-line for 6 months in 2009 for a total rehab and upgrade of the system.

http://rooseveltisland360.blogspot.com/search/label/Tram