Post-Sandy Peeling at 290 Mulberry
It’s a peeling pariah that continues to limp toward the proverbial finish line. 290 Mulberry, a four-year-old saga worthy of a hundred posts, is two months past due. The undulating corner property was purchased last December by Karass Development for $25 million, and converted from condo to nondo. Rentals with a new name – “Mulberry House.” All the while, the peeling worsening.
And in the wake of Hurricane Sandy, the east-facing exposure took another noticeable beating. That bubbling gray facade is shedding itself rather quickly now, exposing the guts beneath.
Meanwhile, Citi-Habitats is the exclusive broker for the property, but still no inkling of when the eight full-floor luxury apartments (and “villa-in-the-sky” penthouse) go live.