The Real Deal sponsored a panel discussion that included a number of real estate professionals with projects around the city, including RAL Companies’ Robert Levine, the developer of One Brooklyn Bridge Park. Levine dropped some tasty tidbits on how sales at the condo are going: “about 90 of the 126 units in contract have closed, another 20 may fall through, and the remaining condo unit buyers are trying to renegotiate, Levine said. The units are selling for an average of over $1,000 per square foot, he said.” In case that sounds unimpressive, Levine said it’s been much easier to get contract-holders to close at 1BBP than at an RAL development on the Upper East Side. Last time we heard about the 449-unit 1BBP, of course, was earlier this month, when RAL announced it was cutting prices on many units and renting out others in the building.
Residential Trends Vary by Nabe, Panelists Say [The Real Deal] GMAP
Rentals, Price Cuts and Loan Extension at 1BBP [Brownstoner]