Written by Jason Carpenter on August 06, 2014
When an engineer examines a building or contractor starts work, they tend not to find pots of gold within the walls —they're much more likely to find hidden deteriorating. Shore Road, a 60-unit co-op built in 1927 in New Rochelle, N.Y., encountered this scenario. With two entrances — one at 485 Pelham Road, the other at 5 Circuit Road — a fairly small renovation project turned into a much larger endeavor.
The original project called for the upgrade of several balconies that sat along the front of the building. The initial contract was $100,000 for balcony repairs and a new coat of paint, but that figure has now become $350,000.
Co-op and condo board business broken down into bite-sized bits - 2 stories each week. Read now on all digital devices.