Folks who wondered about the price of the Walnut Lofts might be interested to read this article yesterday's New York Times, detailing luxury condos being built in East Orange. While small studios are starting at $119,000, the price for penthouse digs with NYC views are from $400K to $600K.
The units at the Empire View Luxury Condos, which will open in the fall, are equipped with what is becoming a standard array of upscale amenities in New Jersey, but at prices virtually unheard of in the northern part of the state.
The units are not particularly spacious: studios are 600 square feet; two-bedroom units, 1,300 square feet; and penthouses, 2,700 square feet. But amenities will include a 24-hour concierge, a fitness center, a community room and electronic gated entry to both indoor and outdoor parking. In the lobby, sleek appurtenances are already in place, including maple-paneled walls, granite floors, a fireplace and plasma television.
With very little advertising, but with model apartments to show on lower floors, 45 units have already been sold, Mr. Williams said. The building will not be open for occupancy until mid-November, he said.
$400,000 to $600,000 to live in East Orange? Was that a typo or has the world gone truly mad?