One BBP: 100 Contracts in 100 Days
At least week’s real estate round table, Robert Levine gave an upbeat update on his firm’s progress at 449-unit One Brooklyn Bridge Park. As of next week, they will gone into contract on 100 units in 100 days (how convenient for marketing purposes!). The average price on units in contract so far? More than $1,000…
At least week’s real estate round table, Robert Levine gave an upbeat update on his firm’s progress at 449-unit One Brooklyn Bridge Park. As of next week, they will gone into contract on 100 units in 100 days (how convenient for marketing purposes!). The average price on units in contract so far? More than $1,000 per square foot. Contracts that have gone out in the last couple weeks have been at above $1,100 per square—that’s after seven price increases since sales launched in April. Perhaps most amazingly, Levine reported that some non-waterfront units have gone in the $1,200 to $1,300 range. In addition to a 500-space public parking facility being constructed, there are 132 condo parking spaces that are now selling for $170,000 (a bargain compared to the rooftop cabanas in Dumbo). As of now, they’re targeting first move-ins in late October or early November. Demolition on the park is expected to start in 6 to 8 weeks and 85 to 90 percent of the park is scheduled to be complete by 2010, according to Levine. As for the controversial tower to be built in the park, Levine said he didn’t think the RFP would happen anytime soon.
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i bought one town houses in park building. i heard from building broker: park will finish in 2008 November and will have duck pond and gloden fishes and boat house. now i hear this is not real truth – is disapopintment
Yes, Thank you.
Dead and buried.
The PA could not build a doghouse in
under twenty years.
Agreed, we will all be dead and buried by the time they get around to breaking ground on this so called park, slopehead: you are dreaming
When I first moved to Brooklyn Heights in 1989, the first thing i was told was that the new park and residential development was just about to start down by the old docks and it would block my views.
I have heard that the park, or the development, was about to start just about every year since. I have been told this by reporters, by community activists and by employees of constructions companies who assured me that this was a DONE DEAL.
News Flash: Don’t hold your breath!
The Port Authority makes glaciers seem speedy. Whatever problem exists with the cantilever of the BQE, which we will never know, will dictate what happens down there.
200 million dollars in park designer fees so far, that is the one knowable fact.
A scandal in my opinion. A boondoggle.
A pork fest. The ghost of Boss Tweed lives in the Brooklyn dockkyads.
I think at this point we ain’t heard nothin’ yet. The Port Authority of NY and NJ makes the Kremlin look like a well-oiled Swiss watch.
Who know what will ever happen down there? The PA is the great bottomless toilet of money and proposals.
So, do you work for the NYC Parks Department or are you just talking out of your ass? I would tend to think it’s the latter. There is already a time line set in place to have the park mostly completed by 2010. I believe a few people in the Parks Department have also purchased in the building. That certainly won’t hurt the cause either. I don’t know why you have such distain for developments, but stop bending the truth. It is beyond annoying.
Also, what makes One Brooklyn isolated? You do realize that you can literally cross the street and you are in Brownstone Brooklyn Heights, right? But, I see your point, thats a whole 15 feet you have to walk. On a hot day, like today, thats a killer.
these are all questions I’M SURE the buyers ask themselves when they buy. so maybe you don’t like it, but believe it or not, most people spending 1000 a square foot on a home don’t do so blindly.
people love clinton hill and it’s not near a subway or good schools. and certainly doesn’t have this view. avenue c in manhattan is far from transportation yet people seem to love living there.
oh and btw, i have a couple friends who live and work in the heights (one at fulton ferry landing which will be in the midst of the park, so he should know…) and both have said that the park will be mostly finished by 2010. they want to FINISH the park so that they can use it as a staging area for the bqe improvements.
people LOVE to make shit up on here.
Here’s the rub. Brooklyn Bridge Park itself ain’t happening anytime soon. Quite apart from financing issues arising from state and city budget deficits (revenues are about to take enormous shots across the bow that will delay a large majority of ambitious construction and infrastructure projects for many years to come), there’s the issue of BQE repair and construction.
Brooklyn Bridge Park will not be finished until the BQE in the Heights is rebuilt.
Leave the issue of the quality and price of 1 BBP apart for the moment. Are you prepared to sit in an isolated building on Furman Street, surrounded by abandoned Port Authority piers, through the next cycle, and wait for the next upturn?
Who’s got five years? Separately, into what school district does 1 BBP fall? Whichever it is, it sure is a schlep, and I wouldn’t envy anyone bringing a small child there from 1 BBP at any time of year.
hey 8:24….if that REALLY is the key drawback for you, you better also stay away from most of manhattan and a large majority of brooklyn as well.
you might want to try the catskills, because in the event of sea level rise, new york city will be no longer.
8:24. The building can then purchase the property for $1 after the 99 years. It is a non-issue.