The revamped Brooklyn Bridge Park has given an additional boost to Dumbo and Brooklyn Heights, according to the New York Post, and as new sections of the park prepare to open a wave of new real estate activity has hit the area.
A sports facility with three soccer fields will open this fall at Pier 5 of the park, Pier 2, with its basketball, handball, shuffleboard and bocce ball courts, will open next year, and by the end of 2013 the 85-acre park will be 60 percent complete.
Meanwhile, Two Trees Management is preparing a 120-unit rental at 30 Washington Street for next spring and the 300-unit Dock Street Project for a year later. All but four of the 65 units in Toll Brothers’ 205 Water Street have sold out at $875 per foot. The national builder is also developing a hotel-condominium on the park with Starwood.
Further, rentals at 75 Clinton Street are luring high prices, 27 of the 39 condos at 20 Henry Street are in contract for about $1,050 per foot, and Daten Group plans a residential conversion of 72 Poplar Street. Most tellingly, the 437-unit One Brooklyn Bridge Park condo is now 80 percent sold.
Combined with the area’s dense tech office scene and a growing number of restaurants, the Post said Brooklyn Heights and Dumbo are maturing with the park. [Post]