um the 5,000 figure includes rentals. only about half of them (2500) are for sale. while that still is a rather large number, if you narrow it down to prime williamsburg i.e. northside you'd be much closer to a 1000 and thats not bad at all. listen, the picture is bleak but not as bad as misinformed people make it to be.

Posted by: borninbk at June 26, 2009 11:39 AM in response to Rising Inventory Bad News for Burg

Joe,

To be honest, I really like it. Beside the park, there is a beautiful pier and as the rest of the site gets built out there will be more greenery. At the end of the day its a diverse neighborhood and there are plenty of people that have to wear a suit or formal wear to work who don't live @ NSP but in other parts of the hood. The point I'm getting at is its in everyone's benefit to have more people in this area, not just flannel / ray ban wearing kids which only account for a much smaller part of the population than they did some years ago.

There's enough for everyone.

Posted by: borninbk at June 1, 2009 4:31 PM in response to Development Watch: Northside Piers Part Deux

@ dirty hipster, agree.

Posted by: borninbk at June 1, 2009 4:19 PM in response to Development Watch: Northside Piers Part Deux

Started building early '09. As a point of reference, I entered into contract in NSP1 when the entire tower was glassed up. From there it took an additional 14 months to close. This building is denser too, so unfortunately, like I said before no dice on the TCO anytime this year.

Posted by: borninbk at June 1, 2009 4:12 PM in response to Development Watch: Northside Piers Part Deux

Also - no matter what they tell you they will build tower 3. The question is when. They own the entire plot of land already so to not build something would be foolish. Costs for building high rises like these are between $200-$300 / square foot so as long as they can clear that hurdle (assuming the land is already owned) then these puppies are going up. However, knowing Toll Brothers they like to be ambiguous about when they will start building if only to entice buyers into purchasing an unobstructed but ultimately obstructed view.

Posted by: borninbk at June 1, 2009 3:49 PM in response to Development Watch: Northside Piers Part Deux

Live in Northside Piers 1 and I don't know whether they're pushing Northside 2 units or what have you, but there will be no TCO by middle of the summer. The inside of this thing is totally bare - i.e. no walls yet so I think a TCO is at least another year out and I'm being conservative.

Posted by: borninbk at June 1, 2009 3:42 PM in response to Development Watch: Northside Piers Part Deux

Brownstoner - How come dogs aren't allowed @ the Flea on Saturdays? Seems a little bizarre but I'm guessing it has to do with it being in a school yard?

Posted by: borninbk at May 9, 2009 5:30 PM in response to Closing Bell: Flea If You Want To