A new development called The Venetian going up on Avenue P in Gravesend is a rather not-so-subtle reminder that not everyone covets the brownstone aesthetic. The fellow who brought it to our attention claims that apartments at the over-the-top residence are selling for between $700 and $1,500 a foot. Our tipster also notes that Sitt Asset Management, the company that is behind the Venetian, also has assembled another two sites nearby, one on Avenue U, and the other on Ocean Parkway and R. The Ocean Parkway project reportedly will be even more luxe, with per square foot estimates in the $1,300 to $2,000 range. In what is sure to elicit accusations of narrowmindedness and provincialism (heck, given some recent threads someone will probably find a way to call us sexist or racist), we’ll go out on a limb and say that we didn’t know that there were that many folks in Gravesend packing this kind of buying power. Different strokes for different folks.
The Venetian [431 Avenue P] GMAP
Introduction [Venetian Plaza]