Early this summer Hamlin Ventures is going to put the shovel in the ground for the third phase of its 14 Townhouses project in Boerum Hill. The final nine townhouses in the development will, like the preceding 14, be single-family residences designed by Rogers Marvel Architects. Hamlin Ventures’ Abby Hamlin says the new batch, which are going to be on State Street and wrap around the corner of Hoyt, will be similar in style to the first 14 (see pic on jump). Sales on those 3,400-plus-square-foot properties began in early 2006, and sold out by February 2007 (prices started at $2.5 million and over time were increased to $2.75 million). The pricing [for the new ones] will be comparable, says Hamlin. They won’t be on the market for a year and a half, and I expect with inflation they’ll probably be priced at around $3 million. Hamlin says that another big aspect of the developer’s project, Schermerhorn House, is going to be ready for move-ins this summer. Applications are currently being taken for units at the 217-apartment affordable housing property. Hamlin says Schermerhorn House’s grand opening will be this fall and the building’s theater will subsequently be built out. GMAP
14 Townhouses, After Slow ’06, Go Gangbusters [Brownstoner]
Time to Get Your 160 Schermerhorn Lottery Ticket [Brownstoner]