Williamsburg

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The opening party that The Developers Group threw for the Karl Fischer-designed Ikon, one of the new additions to condo row on Bayard Street in Greenpoint, was over the top to say the least, but we guess that was the point. Valet parking, velvet ropes, slinkily clad hostesses, you get the idea. Despite a visit from DOB and some glitches with the elevator, the club music kept pumping and, more importantly to the hosts, wealthy prospective buyers kept shlepping through the model apartment. Whether all the glitz will pay off in the form of sales at the 58-unit development remains to be seen. If it does, it will be due in no small part to the much talked-about views (see below), which are pretty spectacular, especially if you’re a soccer fan. We haven’t seen any prices yet. Anyone heard anything?

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It’s amazing to us that people will commit to buying a condo sight unseen but the developers of the Urban Green Condos on North 6th Street in Williamsburg have been able to coax down payments out of a couple people already, despite the fact that the site is nothing but a hole in the ground. (The sales office across the street just got a fresh coat of green paint last week, we noticed.) The plans for this 44-unit development include on-site parking, rooftop cabanas and an interior courtyard. Unlike some of its brethren on the waterfront, the development will be a more modest six stories, befitting its mid-block location. The price of entry? From what’s been released so far, the cheapest seat in the house is a 719-square-foot one-bedroom fro $540,000; a 1,268-square-foot three-bedroom is $920,000. No word on timing, but that partial stop-work order can’t be helping.
Available Listings [Douglas Elliman] GMAP P*Shark
Development Du Jour: Urban Green [Curbed]

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The Forgotten NY crew set out on one of their group tours las month. Destination: East Williamsburg, a neighborhood whose boundaries not everyone can agree on. Forgotten NY proposes a clean solution: “Anything south of the BQE, north of Flushing Avenue, and east of Humboldt Street is East Willie,” writes Kevin, though he admits that there’s a reasonable argument to be made for making Maspeth Avene the northern border. Among other interesting finds on the walking tour was the Greenpoint Hospital. Built in 1914, the group of buildings in located on Maspeth between Kingsland, Jackson and Debevoise Avenues. These would make much better condos in our opinion than anything new that’s getting built in the area. Lots more good stuff on the link.
East Williamsburg Part I [Forgotten NY]

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It’s been a year since we checked in with the massive Williamsburg waterfront development known as The Edge. While we’re sure plenty’s been happening behind the scenes, not a whole heck of a lot had happened on the ground until last week when backhoe (obscured by the porto-potties in this photo) arrived on site and dug a ceremonial hole. Current plans for the site (which runs from North 5th to North 7th Streets along Kent Avenue) call for 1,000 residential units and 60,000 square feet of retail spread over three buildings, the tallest of which will top out at 29 stories. Of particular interest to the broader L-train-riding community: a water taxi pier at the end of North 6th Street. A look at DOB filings reveals that the architect is Stephen B. Jacobs, who’s also responsible for the Boulevard East project on Boerum Place.
The Edge [Douglaston Development] GMAP P*Shark DOB
Groundbreaking? Or Just Feeling a Little On-Edge? [I’m Not Sayin]
The Edge Is Very, Very Alive in Williamsburg [Curbed]

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The partial stop work order at 20 Bayard Street aka Karl Fischer Row hasn’t stopped the project’s web developers from staying busy. When it’s finally done, the 80,000-plus-square-foot building is scheduled to have 64 apartments and 45 parking spaces. As the flash intro to the new web site that launched on Fridaydoesn’t let you forget, the sales pitch is all about one thing: the views. No pricing info has been disclosed yet. Any guesses?
Development Homepage [20 Bayard] GMAP P*Shark DOB

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Although we can’t find a whole lot to rave about in terms of the interior or exterior aesthetics of the newly-constructed Townhouse 5 condos at 244 North 5th Street, we do like the layouts of the five full-floor apartments. With floor-plates of almost 1,400-square-feet, these places have a generosity of space that you’d never get in a converted brownstone. These are real two-bedrooms (with a couple of the units having a third baby-sized bedroom carved out), as opposed to a brownstone floor-thru whose second bedroom would be tiny. Given the Northside location, we could see these fetching close to ask. (One already has an accepted offer.) Anyone know how long these have been on the market?
Townhouse 5 [Apts & Lofts] GMAP P*Shark

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This one snuck up on us. Located on South 1st Street between Havemeyer and Marcy, just a few blocks from our first crib in Brooklyn, the 10-story, 16,000-square-foot tower has shot up amidst its mostly three- and four-story neighbors. According to DOB filings, the building will have twenty residential units. The complaint history suggests that the developer continued to build in the face of a stop work order last fall. Can any neighbors comment on the work process? How ’bout the architect, who’s listed as being Ernest Keller? As far as Google is concerned, the guy doesn’t exist.
GMAP P*Shark DOB

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At 195 Humboldt Street, the signature mix of glass, metal and mezzanines screams “Scarano” and, sure ‘nuf, it is. This East Williamsburg development is relatively small, weighing in at four stories and about 14,500 square feet. Given the ceiling heights you can bet there are some sizeable sleeping lofts at the rear of these apartments. As far as we can tell, there have been no Stop Work Orders or other buildings violations to date, so maybe the relative remoteness of this one has allowed it to elude detection. Or maybe the mezzanines are actually on the up-and-up. On a related note, the photog who posted this shot on Flickr notes that it is next door to a youth hostel, but our cursory Google search yielded no info. What’s the deal?
New Building Next to Hostel [Flickr] GMAP P*Shark DOB

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We got bombarded this week with data about the sales (or lack thereof) at Williamsburg’s Schaefer Landing by a guy with either an axe to grind or way too much time on his hands. A few things we know: (1) The developer switched from Elliman to Halstead several months ago, which suggests sales didn’t get off to a booming start; (2) Halstead currently has 15 condos as 6 rentals up on its website, so the place is far from sold out; (3) Some original buyers (like Apartment 10D) are trying to get out of their investment. We’re not so sure about our tipster’s calculation that there are some 50-odd units for sale or rent through various brokers; this tipster also reports that a lot of the original purchases were by investors, not people planning to live there, which wouldn’t bode well for the stability of prices. Anyhoo, we’re sure some of you have been paying closer attention than we have. Is this really a bad situation — or is it just a big building that still has a bunch of units left? Property Shark shows no comps for the past twelve months.
Schaefer Landing Listings [Halstead] GMAP