The Superblock. When should we start calling it The Wayfarer?

w3We learned a few months ago how the Superblock will soon be known as The Wayfarer. Silly me, I took the name literally and went with the definition, thinking it meant something deep:

Screen Shot 2014-06-27 at 11.13.24 AM

Screen Shot 2014-06-27 at 11.18.10 AMBut nope. It’s a little bit more shallower than that. Our good friends at Project 11561 taught us how this hip name actually refers to a style of sunglasses. Think: Blues Brothers.

images-1So how long will it be for the Wayfarer name to get into our psyche?  Or will that plot of land be forever known as the Superblock? Anybody here still call Allegria Hotel the ‘King David Manor‘?

imagesThe Superblock-moniker always had a majestic mystery to it. Oh, it’s going to be super when they finally build it! What I really want to know is, who coined that name in the first place? Give that person a prize!

Ok, what is the real purpose of this post? I just felt like doing a silly photoshop of the istar buildings wearing a pair of sunglasses.

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14 thoughts on “The Superblock. When should we start calling it The Wayfarer?”

  1. I am very excited for this to get started.

    Any news on this? When will they start? When do they think they will be done? Condo prices? Anything, I’m dying to know!

    Anthony, you made some interesting points about how large developments like this have backfired in other areas and you had concerns about section 8. Care to expand on that?

  2. They aren’t condos, they are rentals, and yes section8 will be in them – no matter what anyone tells you to the contrary. Just wait until you see what the common areas, like the pool, will look like at this place once the section8 residents use their “guest passes” to the max in the common areas.

  3. Look at the Avalon – Rentals in nice buildings are in extreme high demand. I doubt a new building on the beach, walking distance to the train is going to be “a slum” or I will eat my blog if it does. Have you been to NYC lately?

  4. From the 2014 q1 report from iStar

    “Successfully expanded the entitlements for Wayfarer, a waterfront high-rise multifamily tower in Long Beach, NY. The new plans will allow iStar to increase the total project size to 522 condominiums.”

    I know their website says “apartments” but it is not uncommon for a company to refer to condo buildings as apartment style.

    Is there anything that specifically identifies these as rental units?

    Considering the number of units it would not be a surprise to hear that they had to promise a small percentage of the units as subsidized. There are a very large number of very high end NYC buildings that have this, it is often used to get a tax break or to negotiate for zoning variances. I wasn’t sure if maybe they had already announced something similar

  5. Section 8 isn’t always synonymous with carelessness and disrespect. There’s plenty of poor people/struggling families with respect for their surroundings who are simply trying to live somewhere decent and earn a living. Let’s be reasonable adults here and avoid the judgement.

  6. You’re not wrong, but by the same token section 8 didn’t get a bad wrap for nothing.

    Do you think that they will be able to quickly fill the 500 plus units without any subsidized units?

    Also back to the condo vs apartment thing. Can someone confirm one way or another there seems to be some confusion on that end. iStar in its q1 report calls this a condo, but everyone keeps saying apartments. Anyone know for sure?

  7. That’s exactly it. There is no demand in long beach for 522 apartments that cost $30K-40K a year in rent, for people who actually pay for it on their own. They cannot possibly rent this building out at market prices, not a chance, and they know that.

  8. Just like some people still say “the Interboro” as opposed to “the Jackie Robinson” and some people still say “the Triboro” as opposed to “the RFK”, I guess it all has to do with saying what you’re used to.

    My dad calls the remote “the clicker” because they used to click.

  9. You may be surprised at the demand Long Beach sees in rental property six years or so in the future. Home ownership costs are soaring, the population’s getting older and folks are working for more years and for longer hours.

    In addition, many forced to flee Long Island in retirement and can afford to maintain a getaway here might rent and become snowbirds.

    The developer has a plan, and he’s no dope. I doubt it’s based on any kind of Section 8 or welfare. Government programs simply aren’t reliable enough for someone to gamble these millions .

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