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.
Wanna See One BBP? Get In Line [Brownstoner] GMAP
Stribling Sells Herself Two Penthouses at 1BBP [Brownstoner]
‘Park’ Condos Selling Fast [Brooklyn Paper]
7:20 we are busted! How did you know we hired a full time staff just to monitor blogs and post anonymous responses to defend our development!
the key drawbacks to me for this building have always been hurricane exposure/sea level rise exposure from global warming/lack of actual ownership of property under the building, just a 99-year ground lease from the park development corp or something like that.
I sense a good deal of defensiveness from 1BBP. I think someone may have hit a nerve by questioning the apparent delays in construction. The building is still wide open in many locations.
What happens when the subsidy for the water taxi ends, and the BQE is diverted onto Furman st.
You won’t be able to leave…
why are the windows so high?
Why all the conjectures, innuendos, negativity, misinformation,etc? Because they are losers that could never afford to live there.
I though closings were in october? Is october the end of the year?
I am very familiar with the project and most of you have not a clue what you are talking about. So lets clarify a few things, shall we? First, the building is moving along at quite a rapid pace. It is union labor and there are approximately 400 workers at the building each day. The East side (Bklyn heights) of the building is almost entirely sheetrocked, kitchens are going in, and that will be the first side to close starting at the end of this year.
The quality of work is quite good, as are the finishings. Whomever said the product is crap has either never been to the building, or just knows nothing about construction and or real estate in general.
The ppsf in the building varies drastically depending where in the building you are situated. There have been no, and I repeat, NO price cuts in the building. There have always been units being offered from 650 psf to 1500+ psf. There has, however, been several price amendments (read:increases) on several lines in the building.
Lastly, there are indeed 100 units off the market in the building. The large majority of them are executed contracts, and, as stated by Mr Levine, the remaining few should be retured next week.
I am all for people expressing their opinions and views about this building and all real estate in general, but why do you all insist on bending the facts or coming up with complete fabrications?
Been in there two weeks ago.
I can not imagine that in three month anybody will move in. At this point it is not even remotely visible how the internal hall ways will be laid out.
Seems as lots of internal sqf haven’t been touched at all.