Two of the biggest developments on the Williamsburg waterfront are about to face off on the sales market. First up, the Edge (a Brownstoner advertiser), which is going on sale next month, according to Douglaston Development’s Jeff Levine. Between 10 and 20 percent of the Edge’s First Phase is going to be listed in April, says Levine. A cross-section of the 575 units will be on sale, with prices going from $420,000 to $630,000 for the 500-sf to 700-sf studios; between $500,000 and $850,000 for the 600-sf to 900-sf one-bedrooms; and from $670,000 to $2 million for the 850-sf to 2,000-sf two-bedrooms. The average price in the condo is going to be around $900 a square foot and it’s on track to be move-in ready by summer ’09. Levine says he’s excited about the condo’s prospects, chilly market be damned. The market is bottoming out, and first-time buyers are going to come out in force, he says. Plus, it’s just us and the Toll Brothers out here on the waterfront now. Speaking of Toll, Tower 2 of the firm’s Northside Piers is also going to hit the market soon, in April or May. (Tower 1 is shown in the background.) Even though sales for the first Northside tower haven’t been mind-blowing, Toll VP David Von Spreckelsen says units in the second building are going to be priced slightly higher than the $850-per-square-foot average of the first tower, owing to the second’s better views and different mix of layouts. The first ‘scraper consisted of about 60 percent 2- and 3-bedrooms and 40 percent studios and 1-beds, and the second tower will be about 60 percent studios and 1-beds, which sold quickest at the first building.
Development Watch: Checking In with Northside Piers [Brownstoner]
Development Watch: The Edge [Brownstoner]
Northside Piers [StreetEasy]