Development Watch: The Edge

I just bought a 2bd/2ba/1ho and I'm thrilled with the news that they're finally building this. My only reservation is how high or low the ceiling height will be. If it's anything below 10' then it's no good to me. I can't ever move here or trade up here but for others it might not be an issue.

Posted by: guest at January 9, 2008 12:24 PM

It will be interesting to see how this plays out. Whether they continue with a sales plan, or switch to rentals; also whether they go ahead with the second phase.

Posted by: guest at January 9, 2008 12:26 PM

12:24 you already purchased a place? huh?

Posted by: guest at January 9, 2008 2:00 PM

1ho?

Posted by: guest at January 9, 2008 2:12 PM

2:00 do you like asking stupid questions? huh?

Posted by: guest at January 9, 2008 2:14 PM

Relax people. I don't think 12:24 meant to say that he bought a place in Edge. He just wanted to show off a bit regardless the subject.

Posted by: guest at January 9, 2008 2:31 PM

I'm glad to hear that some of the units come with one ho. I was afraid that all the local color was getting pushed out as the neighborhood gentrifies.

Posted by: guest at January 9, 2008 3:14 PM

I would guess home office but if it was in LIC then ho is correct.

Posted by: guest at January 9, 2008 3:24 PM

2bd?

Posted by: guest at January 9, 2008 3:24 PM

2ba?

Posted by: guest at January 9, 2008 3:33 PM

"I just bought a 2bd/2ba/1ho and I'm thrilled with the news that they're finally building this. My only reservation is how high or low the ceiling height will be. If it's anything below 10' then it's no good to me. I can't ever move here or trade up here but for others it might not be an issue."

You better lube up butter cup. You about to get assraped.

Countrywide says foreclosures highest on record
http://biz.yahoo.com/rb/080109/countrywide.html?.v=5

This is the beast quote "Chief Executive Angelo Mozilo has called the nation's housing slump the worst since the Great Depression."

Since the Great Depression??! Why do you think they called it the "Great Depression"? Because stupid mothers was greedy and got assraped for it.

The What

Someday this war is gonna end...

Posted by: guest at January 9, 2008 3:36 PM

3:36pm Yes, I'm well aware of this. But, what would you suggest people do who are in need of a bigger home, wanting to stay 1 or 2 stops from the city, and yet can't wait any longer. Continue renting? No, thanks. I've been doing that long enough and I want to be able to change the place according to my tastes. I've been on the side lines for over three years waiting and I can't wait any longer.

Posted by: guest at January 9, 2008 3:45 PM

Edge buyer - you're doing the right thing. we were in a similar position last year and bought a big condo in williamsburg. we love the apt, our neighbors (especially our neighbors - several of us have gotten really close), and the restaurants!! we've been here a year and still haven't eaten everywhere and meanwhile, the list grows.

also, the commute is SO FREAKIN great. it's so fast even coming back in a cab at rush hour just going over the bridge is easy. also, i walk home all the time - it's so lovely to see the views.

congrats!

Posted by: guest at January 9, 2008 4:21 PM

Wow! This looks enchanting. Nothing says "home" like a big muddy pit full of irridesent fluid and nice smokestacks in the distance.
An illustration for Dante's inferno is more like it.

Posted by: guest at January 9, 2008 4:27 PM

4:21pm Just to clarify, #1 did not buy at the Edge, s/he was just stating that s/he bought already at another place/building and is just happy to hear that this project is underway.

Posted by: guest at January 9, 2008 4:30 PM

1st poster here. Sorry for the confusion. I didn't buy at the Edge. I was attempting to convey the fact that even though I already bought a place recently, it's good to see more developments planned and being constructed for all the people that are looking to buy and perhaps they'll get better deals and also by creating more stock and choices for me to move into in a future date. Who knows, anything can happen.

Posted by: guest at January 9, 2008 8:22 PM

Oh, & that's 2bedrooms/2baths/1homeoffice, not that it matters and in hind sight i shouldn't have listed it.

Posted by: guest at January 9, 2008 8:23 PM

Why do people who live in Williamsburg always feel the need to justify their neighborhood. Are you a broker talking about eating everywhere or just depressed that you actually live there?

Posted by: guest at January 9, 2008 8:31 PM

i live in williamsburg and never ever feel that i need to justify it. i run in circles where people i know live there or want to live there. and people talk about the restaurants because they are pretty great and a lot of people in williamsburg are in to eating out and clubs and bars and stores and such so they talk about them. my experience is that people in the neighborhood love it and stay. many of my neighbors (condo building) have been in the area for several years.

Posted by: guest at January 9, 2008 9:11 PM

8:31, why is that when anyone has anything good to say about Williamsburg or really any neighborhood or development, people like you can only think to say "oh. you must be a broker"? Did it ever occur to you that there are people who love Williamsburg? And the reason they say those things is because ignorant people, like yourself, talk trash and mislead others all the live long day. It really makes you sound depressed because you are either A) envious of anyone who can afford to buy an apartment and live in a great neighborhood, or B) too closed-minded to understand that all sorts of people like different things. Just because you don't like Wburg doesn't mean it isn't an awesome place to live.

Posted by: guest at January 9, 2008 9:58 PM

Will there be an above ground parking garage? Because if it does, then I say it shouldn't get any kind of LEED certification at all.

Posted by: guest at January 9, 2008 11:08 PM

Do we have any structural details about this planned building?

1. Exact number of floors & height.
2. No. of units.
3. No. of studios, 1BR's, 2BR's, 3BR's, 4BR's.
4. Ground floor retail & restaurant?
5. No. of parking spots.
6. Parking spots leased, rent, or for sale.
7. Gym, pool, screening room, pool table, etc.
8. No. of doorman, concierge, super, porters.
9. Regular glass windows or laminated windows.
10. Kitchen exhaust vent or air-recycler.
11. Washer/Dryer exhaust vent or electric.
12. Hollow doors or solid wood doors.
13. 421-A and No. of years.
14. Common roof access or closed.
15. Cellphone antennas on roof or not.

Posted by: guest at January 9, 2008 11:10 PM

I have been following this one for a bit. A lot of those questions are very specific so I have no idea how to answer them, but here is what I know.

1. Exact number of floors & height. 29 stories and 14 stories
2. No. of units. 575, see the original BS post
3. No. of studios, 1BR's, 2BR's, 3BR's, 4BR's. Not sure of the breakdown, I don't believe there are 4 bedrooms though.
4. Ground floor retail & restaurant? 60,000 sq ft of retail space which will potentially include a waterfront restaurant
5. No. of parking spots. not sure
6. Parking spots leased, rent, or for sale. I remember reading that they are for rent
7. Gym, pool, screening room, pool table, etc. yes, as per the website...well i dont think it mentioned screening room, but thats pretty standard now
13. 421-A and No. of years. There is definitely an abatement. Thats part of the inclusion of affordable housing. Dont know the details though.

If you google the edge you can find a handful of articles that have all this information. I am looking forward to this development. If the pricing isn't outrageous I am strongly considering it. I greatly appreciate that they are going for Leed certification.

Posted by: guest at January 9, 2008 11:39 PM

16. Ceiling height?
17. Concrete floor thickness?
18. Walls seperating units and hallway made with concrete cinder blocks or metal stud party walls?
18. 2 layers of 5/8" drywall on each side of walls for a total of 4 layers per wall or are they single sided 5/8" drywall?
19. Insulation in walls?
20. Kitchen applicance brand names, options to install higher end models?
21. Ceiling is finished or bare concrete? In other words, is there electrical running and lights?
22. Verizon FIOS ready/installed?
23. Closed circuit monitor to view lobby?
24. Closed circuit intercom to front desk or regular telephone?
25. No. of elevators & service elevator?

Posted by: guest at January 9, 2008 11:39 PM

That is a lot of questions. I hope they don't cheap out on this place. This building and other buildings going up will be with us for a long time and I hope they do this right.

I just don't want to see what happened to CityLights in Long Island City happen to this building. Not to bring a flame war with them but it is my understanding the developers of that building built it quick, with cheap materials, and sub-par work and now the building is around 10 years old and falling apart. They now have a ridiculously high maintenance and upkeep fees to fix all the mistakes.

Posted by: guest at January 9, 2008 11:49 PM

Thanks 11:39pm for answering a lot of the questions. As you could probably tell, I'm interested and look forward to the progression of the building. I just hope they do this right and not cheap out due to the climate being less than perfect like 3 years ago.

Posted by: guest at January 9, 2008 11:55 PM

I found this article today. It answers a few more of the questions. It certainly sounds like they are doing this properly.

http://beta.therealdeal.com/articles/8469

Posted by: guest at January 10, 2008 8:43 PM

this is a major project that will be part of a total re-do of already gentrifying hood right across from manhattan. brownstoner - please continue to follow this.

Posted by: guest at January 11, 2008 5:49 PM

11:49:

Sorry for the lateness about this reply, but Citylight's high maintenance has to do with the fact that the building has a HUGE secondary mortgage because the apartments sold for $8000 to $32000 when the building first opened (no those are not typos.)

This is why the maintenance is 60% tax deductable, because 60% of it goes towards a mortgage that the building has.

Posted by: guest at January 14, 2008 12:20 PM