In Philip Lam’s office, at Green City Realty on Market Street near the Manhattan Bridge, a picture of a property under renovation is pinned to the wall. The two-bedroom condo has huge windows, pristine hardwood floors and an airy luxury that gives the space the look of a SoHo loft.
But this attractive posting has people in Chinatown worried. The condo sits not in SoHo but at 173-5 East Broadway, right in their neighborhood. The other 28 condos under development in the 60,000-square-foot building are no less luxe, and will variously offer 18-foot ceilings, four exposures and gas fireplaces, and carry price tags of $600,000 to $5 million.