Wednesday, January 5, 2011

Project(s) Update

The good news is the foundation is being poured at 528 E. Duffy Street. You may or may not find the attached photos interesting, but it's all we have at the moment. Faithful readers will remember 313 E. Park Avenue which was always meant to be 528 E. Duffy's sister project. It was tied up due to some closing issues with the seller, but it looks like we should finally be able to start next week.















One project that, unfortunately, we won't be starting is 102 W. 31st Street. This came into play while we waited for the closing issues on 313 E. Park. Unfortunately, after we put it under contract we found out it had it's own closing issues (see my earlier post about title issues). Apparently these title issues will be protracted as it appears the quiet title action that the seller paid an attorney to perform was not properly recorded in the public records. The seller's not too happy about that and I wouldn't be either. If you pay someone to do a job and find out years later that they didn't do it correctly, that would be annoying, especially if it prevents you from selling your property. As for me, I still think it's a great property and we hope to build on it if the title issues can ever be rectified.

510 E. Waldburg is waiting for permits. There is a slight snag at the permitting department (notice how there is a number of "slight snags" happening at this particular time) but we expect to begin next week.















At 521 E. Charlton we'll be clearing and leveling the yard to create the off street parking this week.

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