Posted by Jean on 30 Apr 2008 | Tagged as: Blog, NYC Condos

Location: 1 River Terrace (Murray and Vesey Streets)
Size: 264 units
Prices: $1.7 to $6.2 million
Expected Occupancy: Spring 2008
Developer: Site 16/17 Development LLC.
Architect: The Polshek Partnership/ Ismael Levya/ David Rockwell
Sales and Marketing: Corcoran Sunshine
Overview: Combining Luxury and Green Development
The Riverhouse is ahead of its time. In an age where many other buildings still ignore environmental sustainability altogether, The Riverhouse is an entirely green building. This means that priority is placed not only on quality, but on energy efficiency, occupant health, environmental health, and overall environmental friendliness as well. The Riverhouse achieves these goals through many innovations, such as using only non-pollutant materials and finishes, heating and cooling the building with a geothermal system, placing solar panels on the roof, filtering its own waste, re-filtering air, and employing an energy efficient triple pane window system. These efforts have earned The Riverhouse a Gold rating from Leadership in Energy and Environmental Design (LEED), the national rating standard for green buildings.
No need to worry, though; this focus on eco-friendliness does not come at the expense of comfort. In addition to green technologies, The Riverhouse includes all the luxuries and amenities of contemporary New York City condo living, such as health club, valet parking and laundry. Eco-friendliness also does not mean skimping on technology either. Units come equipped with high speed internet, wall mounted TV’s, and a sound system with speakers in every room.
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What follows will be a series of lessons we learned from LaLa on our quest for a condo. As lessons are added, the narrative will appear to build in reverse order. I hope readers who find this later will scroll down to beginning.
Lesson 1: I didn’t know I needed an agent.
I figured all the information I needed was on the Internet and I would just click away. Silly me. My search began innocently enough. My daughter has been throwing money out the window at nearly $1600 a month for a nice enough studio on the UES. Her lease was up in a few months, and the stars seemed to be aligning in the real estate market. To address the economic correction, prices were falling from their nonsensical highs, mortgage rates were attractively low, and there was an unusual accumulation of inventory. A recently converted condo was only a block away from my daughter’s current location. We could move her in on a dolly.
So began our quest. Three units in that building were available from the sponsor. With Google Earth I was nearly able to peer through the windows, then realized why these were still unsold. A unit on the second floor had a façade that shrunk the windows. A higher unit was over the entrance to the parking garage, and the soot stained façade bode poorly for fresh air. Nonetheless, I made an appointment with the sponsor to take a look.
There was one resale in the building, but I couldn’t get any useful details from the Internet. Stymied, I left my contact information on a site that offered access to a listing for this unit. Within an hour, LaLa Wang was calling me.
It was so soon after I had made an appointment with the sponsor, I thought it was someone else from that office. Nope; it was LaLa, eager to part the Nile on my trek to the Promised Land.
We discussed the motivation for my search, and my parameters. These were based on my initial point of reference, the price and location of the condo up the street. My daughter wants to stay on the UES. The prospect of moving more that a few blocks evoked: “But the people in the bagel store know me!” I reassured her there was a bagel store every 4 blocks, like every other essential business that repeats throughout the city.