The Real Deal New York

Posts Tagged ‘the developers group’



  • Jeffrey Levine of Douglaston Development talks to Core’s Shaun Osher about his life as a developer and the Edge, the developer’s North Williamsburg waterfront condominium complex, in the video above. Levine says in the last six months, over 120 apartments have sold at the project, which the Developers Group has marketed since inception. The Real Deal reported in the beginning of the month that 165 units of the two buildings’ combined 565 residences, or 30 percent, have closed thus far, and over 100 more are in contract. The Woolworth Building, Levine tells Osher, is his favorite building in the world…. [more]

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  • The Edge hits 50 percent sold

    April 04, 2011 03:46PM

    The Edge, the North Williamsburg waterfront condominium complex by Douglaston Development, has hit the 50 percent sold mark. According to an announcement from the developer, 165 units of the two buildings’ combined 565 residences, or 30 percent, have closed thus far, and over 100 more are in contract. According to Highlyann Krasnow, who is heading up the Developers Group’s marketing efforts for the project, the current sales pace is at around 25 units per month, and the team is hoping for an uptick once the Edge’s water taxi service to and from Manhattan kicks off this summer. TRD[more]

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  • The developers of Clinton Hill’s 49-unit, Karl Fischer-designed condominium tower at 163 Washington Avenue are rumored to have sold off the building to new investors who now plan to turn it into a rental. What does that mean for the buyers who’ve already signed contracts for around 35 to 40 percent of the would-be condos there? According to a Brownstoner tipster who claims to be one of them, a sales representative for the building has e-mailed all buyers to say their deposits would be returned and that 163 Washington Street would be “permanently taken off the market.”… [more]

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  • New Harlem boutique condominium the St. Claire is nearing completion, with occupancy slated for early this year, according to the Developers Group, which is marketing the project. The 13-unit building, located at 2077 Fifth Avenue on the corner of 128th Street, includes two-, three- and four-bedroom units, ranging in price from $615,000 to $925,000. The St. Claire contains a 2,200-square-foot common roof deck, gym and children’s play room. TRD

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  • Douglaston Development’s the Edge has seen its first closing hit public record, according to Curbed. The development at 22 North 6th Street in Williamsburg, has 60 active listings, according to Streeteasy.com. The unit that closed is a one-bedroom, one-bathroom apartment with a final price of $554,946. Sales launched in March 2008, with the Developers Group marketing the building. [Curbed]

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  • Brooklyn-based
    brokerage the Developers Group is merging with Manhattan’s Real Estate
    Group of New York, creating one firm with reach in two markets. The new
    firm, temporarily known as TDG/TREGNY, has 70 agents. Financial terms
    of the merger were not released. Daniel Baum, co-founder of the Real
    Estate Group, will be the CEO of the new firm. The
    Developers Group was founded six years ago and specializes in marketing
    new developments in Brooklyn, while the Real Estate Group, founded in
    2004, focuses on Manhattan rentals.

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