New Williamsburg condo-hotel an emblem of nabe’s transformation

TRD New York /
Aug.August 17, 2010 09:00 AM

The Residences at the Williamsburg

The Residences at the Williamsburg — two six-story condominium buildings at 135 North 11th Street that sit adjacent to the new 64-room Hotel Williamsburg — is, according to its promoters, the first luxury condo-hotel development in the area and is emblematic of the changes the once-industrial neighborhood has undergone over the past decade, according to the New York Times. The residential real estate market in Northern Brooklyn, including Williamsburg and Greenpoint, is now dominated by luxury condominiums, sales of which have been on the rise, according to appraisal firm Miller Samuel. Both the number of apartments sold and the price per square foot were higher in the second quarter of this year than in the first, and higher than the same period last year. As for the Residences, the condo units, which are being marketed by aptsandlofts.com, are slated for completion by late October. Thus far, contracts have been signed on 17 apartments since the property hit the market in June. [NYT]

 

Related Articles

arrow_forward_ios
Donald Trump and the Trump Hotel in Washington D.C. (Credit: Getty Images)

Deadline is set for bids on Trump’s DC hotel

Renderings of 450 11th Avenue and 350 West 39th Street (Credit: DSM Design Group and Gene Kaufman Architect)

NYC’s strong hotel pipeline pushes down occupancy, revenue: report

Sam Chang and 150 West 48th Street (Credit: Google Maps)

Sam Chang lands $250M loan for Midtown hotel project

Alex Sapir and the NoMo Soho hotel at 9 Crosby Street (Credit: NoMo SoHo)

Sapir Corp.’s stock drops in Tel Aviv

181 Varick Street (Credit: Google Maps)

Claremont Companies buys Soho Marriott for $59M

Rendering of the Staybridge Suites at 38-59 11th Street

Long Island City hotel project moves forward with construction loan

Heritage Equity Partners’ Toby Moskovits, Benefit Street Partners real estate managing director Micah Goodman, and the Williamsburg Hotel at 96 Wythe Avenue (Credit: Google Maps)

Toby Moskovits’ Williamsburg Hotel is headed for receivership following $68M loan default

461 West 34th Street with Marx Development Group's David Marx (Credit: Google Maps)

David Marx lands $202M refi for Hudson Yards hotel

arrow_forward_ios
Loading...