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News & Press

2016.09.09

Developers Scour the Earth for Rare Condo Finishes

Wall Street Journal

Then there’s a green-gray variety of Petersen brick made only in the Sønderborg region of Denmark. “Going to Denmark in the dead of winter for 48 hours wasn’t the first thing on my [to-do] list,” says Jeffrey Gershon, head of Hope Street Capital, who made the trip to buy 25,000 square feet of the material. The coal-fired brick, colored by the natural mineral composition of the Danish clay, completed the look for his 33-unit Brooklyn condo project, The Hendrik, where prices range from about $1.7 million to $4.5 million.

Appraisers say fancy finishes can move buyers. At 70 Vestry, a 46-unit tower in Tribeca designed by the firm of Robert A.M. Stern, developer Related Cos. tapped stone experts to find the perfect limestone facade for its Hudson River views: a café-au-lait-colored stone with rosy hues at dusk.

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