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Yet buyers sometimes chafe at the controls the condominium association exercises, which leads builders to shy away from the condo model.
So far, Mr. Teolis said, the company has received approval for its Discovery Center, a condo model and showroom now under construction at the base of Vernon Peak.
He hinted that perhaps Bartimaeus would have functioned better as an explicitly religious organization, like a church, which would have granted members more leeway in whom they chose to live with, than as a condo model.
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The problem is the condo economic model, in which your neighbors are also your business partners, obligated to pay their share of common expenses.
DETAILS On Martha's Vineyard, where increasingly expensive hotels want to limit vacancies, and buyers want a vacation home that's easy to manage, not to mention somewhat affordable, the condo-hotel model is a logical fit.
One recent day, several model condos were being outfitted with furniture and several newly occupied single-family homes were having flower beds installed, while an Italian restaurant, a family-style cafe and an ice cream shop at the center were already packed with customers.
Urby's model: no condo-style downpayment, modest financial commitment, and solve the housing crisis in thriving urban cores.
Across the hallway from the Gull's Cove model is another one-bedroom "condo," dolled up with framed photos and a Sputnik-style light fixture.
(If you prefer a smaller-scale model, just transpose: city → condo building, neighborhood → floor, block → unit, etc).
Mr. Steinberg said interest in the East 93rd Street condos soared in May, when the first model unit opened for showings.
If you have been dragging your feet on purchasing a glorious condo downtown, the Trump Tower's newly furnished models might just give you a final push.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com