Daily News du lieu suivant : New York, New York • 393

DAILY NEWS Real Estate" Friday. May 23. 1986 (Up timm fifae iriioDisiis-IBirdDCDCxDyini cestoirailDdDini ments, Reed convinced Chase Manhattan to lend her $85,000. To be sure she could properly oversee her workers and understand the building plans, Reed took courses in plumbing, general contracting. With her renovation completed successfully, Reed now holds one-day workshops to share her experiences with other rehabbers.

named to the National Register of Places, Reed was eligible for tax credits for historic rehabilitation. But finding a bank willing to lend her the capital was another story. Armed with an impressive portfolio that included a pictorial history of the neighborhood, an architect's schematic drawing of the redesigned interior spaces and financial state- ON 1981, WHEN the nonprofit Society for Clinton Hill decided to auction some dilapidated brown-stones to save them from destruction, Denise Reed, who had never attended! an auction before, purchased a four-unit brownstone sight unseen i for $8,000. "Right after the auction, I drove out to see the house with my mother. I was so excited," she says in the MayJune issue of Historic Preservation, the official publication of the National Trust for Historic Preservation.

I Yet five years later, Reed has restored her new home and is currently the subject of a feature article in Historic Preservation. Since Clinton Hill had just been 4- Saks Fifth Avenue plans joint venture AKS FIFTH Avenue recently announced plans for a 36-f loor tower behind its main store on Fifth Ave. between 49th and 50th Sts. On Beautiful Lake Wallenpaupack With 52 Miles of Shoreline The Affordable Choice Saks' partner in this development will be 1 1 the Swiss Bank Corp. The first 10 floors of the building will be in Vacation Living owned and operated by Saks, according to the announcement, which will enable the store to increase its net selling space by.

approximately 25. The remaining upper floors, totaling approximately 340,000 square feet, will house the U.S. headquarters of the Swiss Bank Corp. and will be owned by that concern. Saks' plans call for each of the first 10 floors to link up to the corresponding floor of the mam Saks building, with vertical transportation provided by Saks' existing bank of elevators and escalators.

Amenities currently under consideration by Saks include a restaurant, an expanded 8 and more spacious beauty salon, and an enlarged Fifth Ave. Club, Saks' personal shopping service center. In commenting on the expansion, Melvin Jacobs, Saks Fifth Avenue chairman and chief executive officer, said, "The new build ing will enable Saks to expand its merchan INCLUDES HOME AND LAND PLUS CENTRAL SEWER WATER dise assortment, and is an indication of our strong commitment to New York City." A. The CRESTRIDGE .2 bedrooms, one full bath, fully equipped kitchen "This is an exciting project that will enable us to better serve our customers. with cabinetry, plus lovely living room and wooden deck.

Completely finished and completely furnished. Rich in design from the interior to the exterior. Saks is a landmark and an integral part of Fifth Avenue. The project will be the first major expan sion of the Saks Fifth Avenue store since its opening in 1924. i Construction of the building is due to begin this year, with completion in 1988.

7 fi FLORIDA LUXURY LIVING Lake Wallenpaupack Recreational Fun With 52 miles of shoreline. It is the recreational watersport area of the Poconos. Residents will have hours of fun powerboating and water skiing along this crystal-clear lake. Swimming and sunbathing combined with sailing and boating add to the perfect summer day for you and your family. ESCAPE INTO why this great new idea in home living has made vacation living affordable.

Beautiful designer homes within the large Court- ijr try Club Community of Poinciana. only 30 min JjJ trom Disney tFUUi. can oe yours 2.111 bedrm single tamily homes of cement block construction on large landscaped lots with fully enclosed garages 18 hole championship golf course. Olympic swimming pool, lighted a.i.uf.ni anil m. i Vi mufh nwal Hi Adults children welcome! 6 designer models to choose trom starting at an unbelievable $39,500.

i Become one of the 3.000 happy Poinciana rest- There is no obligation to purchase. Once you've selected your homesite, youll find different ways of financing available. JJ aents. taH collect loaay lor a iree coior orocnure. Prepared by VICO 8 305-933-5080 a central Noriaa Residential OdICb lilt.

Lie 02370762943 CALL FOR AN APPOINTMENT. Yours for visiting the ESCAPE, a $25.00 travel allowance to qualified visitors. The Escape is open 7 days a week. Easy drive up Northern Rt. Y.

Thruway to exit 16 onto Rt. 17 West. Rt 84 West to exit 6 Right on Rt. 507 approx. 1 mie to the ESCAPE.

Southern Rt. N.J. 80W to Rt. to Rt. 206 to Milfort Bridge, cross bridge to Rt.

6W to Interstate 84W Exit 6 (Lake Wallenpaupack Rt. 607), Rt. 507N mi. to The Escape. Obi am (he property report required by federal law and read it before siting anything No federal agency ha approved the menti or the iaiue.

i any. of 'b property A statement and offenrK) statement has been Ned with he Secretary of Stale of the State of New York. The (Sing does not constitute approval of the sale or lease or oner for sale or lease by the Secretary ol State, or that the Secretary ol State has in any way passed upon the ments ol such offering, A copy of the oflemg statement (variable from The Escape. "111 I mi! 1.3 ACRES $7900 A MEMBER OF THE SEARS FINANCIAL NETWORK 3.2 ACRES $12,900 Loc. only 10 mine from Stroudsburg Dataware -River In the heart of the Poconos.

these nicely wooded level park-tike properties are ideal for your vacaOorVretirament or permanent home. MUST BE SEEN! Sale Begins Sat. May FIRST-SERVED. 80 financing. 10 yrs.

12VWfc WNstefBetepriyj(i I 11" -v 'til VRM, adjusted yearly PAC ALSO avail 1.9 i abutting state forest. CALL TODAY! m-8 MARSHALL ASSOCIATES, REALTORS.