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September 2019

Dumbo’s new development deluge

As a wave of high-end development crashes over the once-quaint cobblestone neighborhood of DUMBO, The Real Deal reports that Hope Street Capital has cornered a portion of the market with 98 Front. This collection of 165 DUMBO condos for sale features a Cubist facade that resembles “a stack of children’s blocks,” as well as extensive amenities such as an indoor saltwater pool and a rooftop lounge complete with bocce court. The residences start at $595,000, well below the DUMBO average for luxury homes, and are filled with smart-home technology that keeps residents connected to their abodes via their smart devices. The buyers of these homes, which are already 20% sold, have the rare opportunity to live in a luxury home in DUMBO for a fraction of the usual cost.

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