Posted May 3, 2012, 6:56 AM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,869
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http://www.rew-online.com/2012/05/02...have-the-edge/
Shovel-ready Brooklyn builders have the edge
May 2, 2012
By Liana Grey
Quote:
For four consecutive quarters, the Edge, a pair of waterfront towers in Williamsburg, has sold more units than any other building in the five boroughs — including luxury towers in Manhattan’s trendiest enclaves. In Williamsburg alone, the 565-unit development has accounted for 50% of sales this past quarter, according to a recent report by the brokerage firm MNS.
Following the success of the Edge, which has one of the largest amenities packages in Williamsburg, including a 5,000 s/f terrace, swimming pool, and indoor basketball court, Levine is looking to further capitalize on Brooklyn’s soaring popularity. In June, he plans to break ground on a new rental project on the corner of North 4th Street and Kent Avenue, just steps from the Williamsburg waterfront.
The 509-unit glass tower, which will offer unobstructed views of the East River and Manhattan skyline, will be finished by the spring of 2014.
The building will be several blocks from a new Whole Foods on Bedford Avenue, the neighborhood’s main commercial thoroughfare, as well as a parcel of mixed-use buildings on Bedford recently purchased by Waterbridge Capital and RedSky Capital. That joint venture plans to upgrade the site’s 50,000 s/f of retail, and lease the space to clothiers, restaurants, and necessity retailers like dry cleaners, grocers and pharmacies.
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