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Mentioned in this Article:
Stephen G. Kliegerman

Stephen G. Kliegerman
President of Development Marketing

Neil Tilbury

Neil Tilbury
Village Office

Anthony Von Meyers

Anthony Von Meyers
Midtown Office

RIS Media

New York Condo Development Creates Unique Incentives For Buyers

Regional Spotlight—Halstead Property Development Marketing and West 147th Associates LLC, the developers of PS90, a Harlem, New York-based school-turned-condo development, recently announced a new tuition incentive of $1,000 per unit for buyers who sign new contracts by September 30th.

PS90, a premier residential development, is the redevelopment of a circa 1905 elementary school, and this incentive pays homage to the building’s history.

Developers note that the incentive is recommended for school-related activities, such as taking a class or adding to a college fund. The incentive will be given as a credit after the buyer provides a bill or receipt for their school-related expenses incurred within three months of closing on a contract.

“As another school year begins, we wanted to find a way to entice buyers, but also encompass the history of PS90,” says Lisa Gomez, executive vice president of development at L+M Development Partners, Inc., the lead developer of PS90. “This incentive not only reflects PS90’s unique past, but encourages buyers to make it part of their future.”

Tuesday, August 30, 2011