NYC real estate in brief

Powers Street condo opens in Williamsburg
One Powers Street condominium has opened in Williamsburg, announced. The building on the corner of Powers Street and Union Avneue is the lone condo among seven new rental developments currently under construction on Union Avenue between Metropolitan Avenue and Grand Street. Prices for units in the six-story, 31-unit development range from $360,000 to $550,000. One Powers Street was designed by architect Dan Bernstein of Kutnicki Bernstein.

New townhouses will come to Mountain Lake, NJ

Executives from Weber Homes and Mountain Lake, NJ Council members broke ground Oct. 15 at Park Place, a residential community in Mountain Lakes, NJ. The 44-unit development, which includes 20 two-car garage townhouses, is slated to open for sales in spring 2010 and will be the first new townhouse development in Mountain Lakes in over two decades. “This is the opportunity to live in a townhouse or condominium and not have the hassles associated with a single-family home,” said Mayor Stephen Shaw.

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Real estate investment firm forms
New York-based independent real estate investment firm EdgeRock Realty Advisors has officially launched. EdgeRock is a joint venture between global business advisory firm FTI Consulting and investment banking firm Compass Advisers. The firm will advise global real estate companies by providing clients with information about capital markets, and key restructuring ideas. “With the paralysis of the last year now thawing and the financial services sector more stabilized, EdgeRock is superbly positioned to help real estate owners and investors seize the opportunities that this wave of transactions will bring,” said Bruce Schonbraun, a member of the FTI Consulting executive committee.

Demonstration scheduled tomorrow to save historic Greenwich Village buildings
Greenwich Village Society for Historic Preservation will
lead neighborhood activists tomorrow in a demonstration in front of a
recently demolished 1862 row house at 178
Bleecker Street to protest what may replace it. Following the city’s
Monday for an oversized building to be built on the site, locals say
proposed eight-story building would violate zoning restrictions and
would tower
over its neighbors and the adjacent MacDougal Sullivan Gardens Historic
District, which is comprised of 22 identical 3.5-story row houses from
1840s. The city will hold a public hearing next Tuesday regarding the
landmarking of 30 percent of the neighborhood, which does not include
the site at 178 Bleecker Street. TRD

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