Subject: ARENA nabe is jumpin'! -- Daily NewsARENA nabe is jumpin'! Condos rise while Ratner fights BY LORE CROGHAN Originally published on January 29, 2006 http://www.nydailynews.com/business/story/386824p-328233c.html Excerpt:
The most glamorous Prospect Heights project to get going ahead of Ratner's is a tower that Meier has designed for Mario Procida ÃƒÂ¢Ã¢â€šÂ¬Ã¢â‚¬Â who made a name for himself by building affordable housing in the Bronx ÃƒÂ¢Ã¢â€šÂ¬Ã¢â‚¬Â and his partners, developer Louis Greco and Las Vegas mall maven Sheldon Gordon. Procida told Your Money that the glass building will be 15 stories, with 114 apartments. He had tried to get city permission to build 30 stories high. He's just starting excavation at his 1 Eastern Parkway site. He expects construction to take 24 months. Meier has generated a big buzz with a trio of luxury condo buildings on the West Village waterfront ÃƒÂ¢Ã¢â€šÂ¬Ã¢â‚¬Â along with lots of talk about leaky apartments. Procida vowed that 1 Prospect Park will not leak. "We think the design kinks have been worked out," Procida said. "We tested our facade." So will he get more than $1,000 per square foot for the condos, as bloggers are speculating ÃƒÂ¢Ã¢â€šÂ¬Ã¢â‚¬Â and put Prospect Heights prices in a whole new league? "We will," Procida predicted.