Within the next week, our development team will walk what we are calling the "model unit," to ensure that the interior quality is up to snuff. Once our contractor has that approved, that standard will be applied throughout the building. The next milestone for us will be receiving a temporary use and occupancy (U & O) permit on floors 2&3 (the town home units). In order to get that, we have to pass ALL the life and safety inspections for the whole building. We are hoping to achieve that goal by mid-August. If that occurs, we hope to be able to start closing on those units by the first week of September.
The plan then is to get the 4th floor's U & O about the same time as we start closing on the first two floors. That would mean that 4th floor will be ready to move in around mid-September. The fifth floor would follow at the end of September with the sixth floor coming in mid to late October. The bad news in all of this is that we are closing the first units later than originally anticipated, the good news is that the contractor will be out of the building sooner.
Once residents have begun moving in, the back elevator will be only used for construction. We will also use the lower level of the parking garage for construction for a little bit.
Some of you have asked about the adjoining property, 1033 Eighteenth avenue. We are in full design for that property now and it will consist of sixteen flats. Here's a preliminary elevation so you know what we are looking at:
We are working hard to ensure that the views from 1101 are not obstructed...financially, it would have been nice to develop the site more intensely, but it would not have been right to block those incredible views from 1101!
The development is being called "Treble Flats," and we plan to start construction before the end of the year. As it is a much smaller project, we are planning on being done before the end of next year. This is also a little different than 1101 or 807 Eighteenth, in that there will be no pre-sales with "developer discounts" and the like. We are confident enough in the neighborhood that this deal will succeed without having to cater to investors.
We continue to believe that Midtown is the true "neighborhood" option for urban living and are thrilled that so many of you have elected to live at 1101!
