Update on One Brooklyn Bridge Park

glad it's doing well.

like this building a lot.

on a slightly different topic...

does anyone remember the beyonce rumor about her buying a place at "on prospect park" that sounded kinda fishy, to say the least?

i just heard from a bartender right around the corner from there that she did in fact buy 4 floors of on prospect park.

think it could be true?

Posted by: guest at November 12, 2007 12:10 PM

I think the main reason the sales have slowed down a bit here are the, I believe, 11 price increases they've had. After selling 100 units so quickly they probably feel like they can take some time to get the max price for the rest as the project has shown that it is/will be successful.

Posted by: guest at November 12, 2007 12:24 PM

Is it doing well? stalled since august? You can factor in some cancellations now as people look at their financing options, and their bonus, and go: "I'm looking at the BQE, city funding is getting cut back, and I need cash-flow of 5k a month for this? what the hell am I thinking?"

they should just combine all the units by twos or threes, so it becomes a playground for the hyper-wealthy. Those are the only people who don't care about economic realties.

Posted by: guest at November 12, 2007 1:17 PM

Perhaps because the prices are as high as manhattan and
--it isn't in manhattan
--it is in a nasty polluted section of the bqe
--it 10 minute+ walk to the subway, and groceries are almost that far
--that section of furman/atlantic is pretty forlorn late at night
--there is no park and won't be for a few years

overpriced...

Posted by: guest at November 12, 2007 1:19 PM

"overpriced..."

it isn't overpriced for the 125 people who have contracted these apartments, despite 11 price increases.

it is overpriced if no one buys them, which is clearly not the case.

it's overpriced for YOU. that's all.

Posted by: guest at November 12, 2007 1:50 PM

"it isn't overpriced for the 125 people who have contracted these apartments, despite 11 price increases."

It's overpriced b/c it's a dump in a terrible area and there is a glut of great condo in better locations. Are you selling there units?

Posted by: guest at November 12, 2007 2:47 PM

"Are you selling there units"

I don't answer questions to people who don't have a general and basic understanding of the English language.

Posted by: guest at November 12, 2007 2:57 PM

Any guesses as to the completion date of the park? I'll take the year 2020.

Posted by: guest at November 12, 2007 2:57 PM

2010.

Posted by: guest at November 12, 2007 3:07 PM

"I don't answer questions to people who don't have a general and basic understanding of the English language."

It's a typo. So you are involved in selling that dump? Good luck sh*thead.

Posted by: guest at November 12, 2007 3:40 PM

technically, the empire state park is part of the plan, so that was started and completed. BBP is supposed to start construction this spring and be 80% completed in 2 years

Posted by: guest at November 12, 2007 3:43 PM

I know of someone in contract at 1BBP and their estimated move-in date is now September 2008 versus first quarter originally. Anyone else have similar delay stories - presumably so.

Posted by: guest at November 12, 2007 7:30 PM

This park has been in the planning stages for 23 years. In that time, I grew up, went to high school, got drunk under the bridge, moved away, came back, and the only green growing is the weeds.

Furman st. is still littered with condoms and crack vials. God forbid you should get stuck at night down there. The homeless guys still camp out in the bushes near the BQE across the street from this condo.

Why someone would pay this kind of money for this crap escapes me.

Posted by: guest at November 12, 2007 10:13 PM

I walked with my children on a few occassions from cobble hill to the floating pool this summer. The pool was next to this building. It was a dangerous and grim walk. I know it is close to brooklyn heights and some of the building has nice views, but the front entrance is so grim. I can't believe that people would buy at this location. A family could never let their child walk outside alone without fearing they would be hit.

Posted by: guest at November 12, 2007 10:15 PM

the windows are funcky in this building and commong charges are high and will only get higher. go to dumbo if you want views. those buildings have low common charges

Posted by: guest at November 13, 2007 9:58 AM

Charges + taxes are actually very reasonable with J51 abatement. ($1500 all-in for a 3br)
Buying in this building requires a leap of faith in the park devt and visualizing what the whole area will look like once park is there in 2-3yrs. (this includes furman st which I agree can look a bit seedy now)

Price isnt cheap but there is no other condo product in brooklyn heights approaching the standards of this building. Walking distance to corner of hicks and montague is 4mn. On the subway platform in 8mn (I timed it coz I bought there).

If you call the brooklyn park devt office they confirm construction has begun. A calculated risk. If goes as planned, should be a wonderful place to live...

Posted by: guest at November 13, 2007 10:15 AM

Actually there are 2 very like projects going on right now in Brooklyn Heights, with better locations and will have much better units than this dump! Sales are slow here and you'll see the price decreasing soon enough!!

Posted by: guest at November 13, 2007 10:51 AM

Really, where in brooklyn heights? Sure you know your neighborhoods pal?

Posted by: guest at November 13, 2007 11:02 AM

Transport – 8-10 min walk to Clark St or Borough Hall, then 1-2 stops to lower Manhattan where Goldman Sachs are building new HQ and of course WTC complex under construction, plus easy access to BQE, Brooklyn Battery Tunnel with water taxi promised...

Schools - Packer and St Anns a short walk, Brooklyn Friends and PS 8 a longer one

Grocery – odds on there will be something in the building but in addition Fairway is a straight shot down Furman/Columbia/Van Brunt, and the lobby will be equipped to accept deliveries from Staubitz or Fish Tales on Court St, FreshDirect, etc. And of course the fabulous Sahadi is close by

Parking – street parking isn’t an option but is for those with an increasingly patient temperament, so here you can rent a spot or buy one (not cheap but then you can self park) right in the building and not worry that you’ll be left high and dry later by your local lot going condo (Love Lane gone, State St likely to follow at some point)

Park – evidence that construction has started will I think be the kicker for sales since the naysayers "they’ve been about to start since I was a kid" caption will finally start to sound a little hollow...

Units – buy the right one and you have beautiful views pre-park that are fully protected ad infinitum, short of the doom mongers scenario of "NYC being wiped out by global warming" or the harbor being built in... And there are plenty of family-friendly 3-4 bedroom units for those who aren't cut out for brownstone living...

You don’t get close to this value proposition in Manhattan or Brooklyn Heights for the same $/sq ft, which is why we made the leap of faith and pulled the trigger on a unit

Posted by: guest at November 13, 2007 3:54 PM

Anyone who uses the phrase "value proposition" deserves a unit smack across from the BQE

Posted by: guest at November 14, 2007 5:22 PM

Is the final color really going to be grey? Seems to match the prison-like windows (landmarked) which interrupt the views...

Posted by: guest at November 19, 2007 12:54 PM

And the doomsayers are proved... wrong. the park is happening. First shovel in the ground = 75% + units at one BBP will be sold (at higher prices).

http://www.nydailynews.com/ny_local/brooklyn/2007/11/26/2007-11-26_state_stalled_on_bridge_park_new_leader_.html

Posted by: guest at November 26, 2007 8:21 AM

Can you re-post that link? IT's cut off and want to read the article.
I looked at apt's in the building and thought they were really nice. Especially when compared to Manhattan prices. I was told that estimated move in for the brooklyn side was in Feb/Mar- is there any way to check this?

Posted by: guest at November 27, 2007 11:01 PM

Doesn't anyone realize that the "views" to the south/South east facing units will be looking into the bedrooms of the two new residential towers to be built? Gotta limit desire to pay these $/ft prices. Plus the BQE rebuild that is planned to take a noisy and dirty 20 years starting next year (see DOT site). Plus no access to subways because they can't seem to prioritize building a bridge to Montague Street. Dead zone for living but great zone for recreational sports and park.

Posted by: guest at November 28, 2007 9:48 AM

i looked at apt and am considering...actually the walk right up joralemen - it's about 10 mins, no need to connect to montague

Posted by: guest at November 28, 2007 8:15 PM