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March 12, 2008
14 Townhouses: And 9 Makes 23
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]
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Comments
I really love this development - snuck into one of the houses last spring and they really did such a wonderful job on them. A rare display of great design.
Posted by: guest at March 12, 2008 10:32 AM
brilliant. so ny real estate will never go down because we have to price in inflation...
Posted by: guest at March 12, 2008 10:32 AM
Something missing here - more then nine townhouses would fit into the vacant land on State Street let alone the vacant strip on Hoyt from State to Schermerhorn.
Posted by: guest at March 12, 2008 11:08 AM
My favorite new buildings in Brooklyn. I pray for a market collapse so I can afford one.
Posted by: guest at March 12, 2008 11:08 AM
market collapse won't impact these. they're priced off inflation...
Posted by: guest at March 12, 2008 11:16 AM
I was a bit underwhelmed by the interiors, but then again I'm sure I was basing this on what I thought a $2.5 million home should look like, not what the NYC reality is.
That said, it is one of the best projects of its kind in the city and the developer and architects should be commended for creating something contextual yet modern.
Posted by: guest at March 12, 2008 11:18 AM
They should build lots of these in the lots that are getting stemarolled in the south slope- they'd make more because the land is cheaper and they would still be able to sell for near the same price.
Posted by: guest at March 12, 2008 11:47 AM
b/c inflation is lower in the south slope
Posted by: guest at March 12, 2008 12:29 PM
love it.
Posted by: BrooklynLove at March 12, 2008 12:49 PM
I liked the design of these townhouses, when I was in the interior (which I also liked), I was a bit underwhelmed by the "fit and finish" of the construction: sloppy seams, not the tightest tiling jobs, etc. For that kind of money, I would have expected etter. It make me think that these houses are going to need a serious facelift in a few years. I really hope not.
Posted by: guest at March 12, 2008 5:01 PM
i love love love these townhouses. everytime i walk by i imagine living there.
Posted by: guest at March 12, 2008 6:45 PM
Schemerhorn house will be occupied this summer? Really? There isn't even any curtainwall up yet. I'll bet Ms. Hamlin one of her precious townhouses that that ain't happening.
Posted by: guest at March 12, 2008 8:55 PM
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