The Real Deal New York

Posts Tagged ‘The Edge’

  • From left: Amer Hammour of

    From left: Amer Hammour of Madison Marquette, 22 North 6th Street and Jeff Levine

    The spacious retail spread at the base of the Edge condominium in Williamsburg will be sold for more than $40 million. [more]

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  • From left: 22 North 6th Street and the Williamsburg Bridge circa 1990

    From left: 22 North 6th Street and the Williamsburg Bridge circa 1990

    Williamsburg, that gentrified land of financiers and well-funded hipsters, wasn’t always such a posh land of plenty, as parents at the Edge recently mused. [more]

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  • Rachel Weiss, now executive vice president at Douglas Elliman

    Rachel Weiss

    Move over, Brooklyn specialists. Douglas Elliman has hired a top agent from MNS, a brokerage with a strong Williamsburg presence, to head its Brooklyn Heights office, The Real Deal has learned today.

    Rachel Weiss, a 15-year industry veteran, had been MNS’ sales manager for such successful Williamsburg projects as the Edge, Northside Piers Tower 1 and North 8. She joins Elliman today with the titles of executive vice president and director of sales for the brokerage’s Brooklyn Heights office, according to a statement from Elliman provided exclusively to TRD. [more]

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  • The Gateway in Battery Park City

    Gateway in Battery Park City

    Landlords, co-op boards and condo boards are tailoring amenities on the fly to keep up with quickly changing preferences, the New York Times reported. [more]

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  • Andrew Barrocas and the edge

    Williamsburg’s the Edge sold 167 units with a median sale price of more than $800,000 in 2012, making it the best selling building in New York City, according to data compiled by Property Shark. This is the second consecutive year that the Edge took the top spot on Property Shark’s list. [more]

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  • Williamsburg waterfront residential developments, the Edge and Northside Piers

    Brooklyn’s gentrified and gentrifying neighborhoods have experienced price-per-square-foot gains, according to PropertyShark’s blog. Between 2004 to 2012, three neighborhoods in particular — Williamsburg, Prospect Lefferts Gardens and Gowanus — have had the most significant growth on a price-per-square-foot basis. [more]

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  • MNS to open ‘Edge’-y new office

    November 20, 2012 03:30PM

    The Edge

    From the November issue: Residential brokerage MNS is livin’ on the Edge. The company will soon open an office at Douglaston Development’s the Edge, the 500-unit new-construction condo in Williamsburg, MNS CEO Andrew Barrocas told The Real Deal.

    MNS has secured 3,000 feet of space for a storefront office at 34 North 6th Street, the south tower of the Edge, Barrocas said. The firm will house 40 brokers in the new office, which is slated to open in January 2013. [more]

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  • The Edge (credit: Brooklyn Paper)

    Brooklyn new development sales are on the upswing, with the median price per square foot hitting a historic high, according to an MNS report released today. In the third quarter, total sales volume rose 31 percent over the previous quarter, to a total of $307 million from $232 million.

    In addition to total sales volume, the median sales price rose 11 percent to $687,318compared to the previous quarter, and the median price per square foot increased 5 percent, to $723 from $690, in the same period. This is the first time the median price per square foot ticked above $700 since MNS began tracking the numbers, the report says. [more]

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  • Northside Piers

    A group of residents at the Northside Piers and the Edge are ignoring the city’s mandatory evacuation order and bunking down for the storm, the New York Observer reported. The two luxury condominium towers are located on the Williamsburg waterfront within a primary flood zone, known as Zone A.

    Javier Andrede, a Northside Piers resident, told the Observer that after Hurricane Irene, he thinks he’ll be fine staying at home. “There might be a little wind, some flooding, but I’m not worried,” he said. [more]

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  • Brooklyn new development sales prices (source: MNS)

    Though a lack of inventory has driven down sales activity for new developments in Brooklyn, it has also kept prices steadily rising, according to a new development market report released today by MNS. New development sales volume fell 38 percent in the first quarter from $141 million during the final three months of 2011, as the number of sales decreased 47 percent during that period and 75 percent on an annual basis. [more]

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  • Douglaston Development President Jeffrey Levine and the Edge

    Now that most of the residential units in the Edge have filled up, the retail portion of the massive Williamsburg waterfront condominium is seeing some life, too.

    The Wall Street Journal reported that a 15,000-square-foot grocery store called Brooklyn Harvest Market, a contemporary Italian restaurant, espresso bar and bakery called named Fabbrica and a new bike shop called Ride Brooklyn are all set to move in to the building’s retail spaces. [more]

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  • From left: Debra Kavaler, senior vice president at the Corcoran Group, and the interior of the Edge, at 22 N. 6th Street

    Condominiums at waterfront building the Edge, by Douglaston Development, topped the list of residential sales by price in Williamsburg last year, Crain’s reported, citing a broker from the Corcoran Group.

    Two penthouse units at 22 N. 6th Street, the Edge’s south tower, marked the neighborhood’s priciest sale, at $2.95 million, according to Debra Kavaler, a broker and and senior vice president at Corcoran. The neighborhood’s second largest deal was at the Gretsch, a re-purposed factory building at 60 Broadway, where a 2,400 square-foot penthouse sold for $2.85 million, Kavaler told Crain’s. A $2.7 million sale at Toll Brothers’ 30-story Two Northside Piers was the third largest sale of 2011 in Williamsburg. [more]

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  • alternate<br /></a>text
    From left: Douglaston Development Chairman Jeffrey Levine (top), Patricia Dunphy, senior vice president of Rockrose Development (bottom left), the Riverpark farm, the DeKalb Market and the Brooklyn Flea

    With more than 600 stalled construction sites currently blighting the city thanks to the recession, developers have begun renting out their vacant lots, sometimes free of charge, to ventures that can lure foot traffic to the area. According to the New York Times, the developers hope the increased traffic will improve the neighborhood — and sales and leasing figures — in advance of their projects breaking ground.

    For example, Alexandria Real Estate Equities has fostered a farm on the stalled site of the second Alexandria Center for Life Science tower. Chef Tom Colicchio’s adjacent restaurant Riverpark uses produce from the farm, a set-up that has attracted interest to what would otherwise be a construction fence. … [more]

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  • Edge developer Douglaston Development has taken the lead on building a nearby site at 3 Northside Piers in Williamsburg and plans to break ground on a $300 million project in March, the Wall Street Journal reported. Douglaston, led by CEO Jeffrey Levine, intends to build a 40-story rental tower where rents range from $55 to $60 per square-foot.

    The tower was originally supposed to be part of a three-building complex developed by Toll Brothers, L&M Development Partners and RD Management, but after sales were slow — even after price cuts — in the first two Northside Piers buildings, Toll Brothers backed out of the project. L&M and RD will help on Douglaston’s version of the tower. … [more]

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  • From left: Douglaston’s Jeffrey Levine, the Edge and Frolic! logo

    Frolic!, a rock ‘n’ roll-inspired play space and enrichment center for children, has signed a 10-year lease for 5,000 square feet of retail space at Brooklyn development the Edge, Douglaston Development announced today. The terms of the lease were not immediately available.

    “As Williamsburg mothers and homeowners, we’ve seen first hand the growing need for a spacious and enjoyable destination for the entire family” said Frolic! co-founder Carey Balogh, “and the Edge was an obvious choice for us.”

    The space, in the 565-unit condominium at 34 North 7th Street and being marketed by Robert Greenstone, chairman and CEO of Greenstone Realty (see: correction appended), will feature an open 1,500-square-foot indoor playground and over 1,000 square feet of classroom space. – Katherine Clarke[more]

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  • alternate<br /></a>text
    From left: Stonehenge Partners COO Andrew Hoffman, Jeffrey Levine, principal of Douglaston Development, Michael Gubbins, vice president at the Albanese Organization and Joseph Sbiroli, principal of Ventura Land

    After a major evacuation, extensive preparations and a two-day mass transit shutdown, New
    Yorkers have emerged after Hurricane Irene to find their city mostly unscathed.

    “It was a remarkable non-event,” said Andrew Hoffman, COO of Stonehenge Partners.

    Stonehenge, which manages approximately 2,500 apartments in 20 buildings, avoided the
    evacuation orders with buildings like Midtown’s Ritz Plaza and 10 Downing.

    Hoffman said they geared up for the storm by supplying each building with plywood, water
    pumps, water vacuums, flashlights, batteries and thousands of glow sticks. … [more]

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  • (source: MNS)

    New development condominium sales are up year-over-year in both Manhattan and Brooklyn for the second quarter of 2011, according to a second-quarter new development report released today by residential real estate firm MNS.
    In Manhattan, condo sales prices were up 18 percent on an average compared to the second quarter of 2010, the report says. Compared with the first quarter of 2011, the average Manhattan new development price was virtually flat. Even though some condo sales are seeing strong sales, several real estate professionals told The Real Deal earlier this spring that many challenges lie ahead.[more]

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  • New development condominium sales are up year-over-year in both Manhattan and Brooklyn for the second quarter of 2011, according to a second-quarter new development report released today by residential real estate firm MNS.
    In Manhattan, condo sales prices were up 18 percent on an average compared to the second quarter of 2010, according to the report. Compared to the first quarter of 2011, the average Manhattan new development price was virtually flat. Even though some condo sales are seeing strong sales, several real estate professionals told The Real Deal earlier this spring that many challenges lay ahead. – Miranda Neubauer[more]

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  • New York City home sales prices inched upward, while sales activity blossomed in the second quarter of 2011, according to a report released today by the Real Estate Board of New York.

    Sales activity increased 10 percent from the first quarter of 2011, but is down four percent from the same period a year ago due to “unseasonable fluctuations” caused by the looming expiration of the homebuyer’s tax credit, according to Steve Spinola, REBNY’s president. Meanwhile, sales prices increased 2 percent from last quarter and 3 percent from the same period a year ago. In the second quarter “we saw a return to normal cyclical market patterns,” Spinola said. – Adam Fusfeld[more]

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    From left: Jeffrey Levine, chairman of Douglaston Development, and his condo the Edge, developer Louis Greco, and his be@Schermerhorn

    [Updated June 6, 2011 at 1:45 p.m. with detailed sales figures] Sales at the the Edge in Williamsburg have picked up rapidly, and in the past four months alone, the condominium has sold more units than any New York City residential building did in all of 2010. According to MNS, the brokerage formerly known as TDG/TREGNY which is exclusively marketing the development, the Edge garnered 144 signed contracts between Jan. 1, 2011 and June 1, 2011, including an average of more than 32 per month between February and May (see chart after the jump for a breakdown of sales by month). Granted the Edge is more than twice as big, but those sales numbers already shatter the figures posted by last year’s fastest selling building, according to PropertyShark.com, be@Schermerhorn, which sold 121 units out of 246 in the calendar year.

    Now, 234 of the Edge’s 565 units have closed, and 61 are in contract, according to MNS. The firm told The Real Deal that the building’s location and amenities package, which includes an array of sports and spa facilities, have appealed to buyers.

    [more]

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