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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Stribling Sells Herself Two Penthouses at 1BBP [Brownstoner]
‘Park’ Condos Selling Fast [Brooklyn Paper]
hey 12:22. i can give you a very simple explanation why the exterior might stop and start.
it’s called summer humidity.
paint can not dry properly when it’s 80% humid and they are calling for afternoon rain showers.
i would have thought that was common sense, but guess not.
i actually was shocked when i read this article today saying that move ins would be as soon as they would. i think it’s advancing at a quite “normal” pace. you want to see taking a long time you should go take a gander at the richard meier project at grand army plaza or the former vermeil condos and 7th and sterling…the list goes on.
If the developers want a cash cow they should double the number of garage spaces. They will go like hot cakes. There is no parking in Brooklyn Heights any more. It is a huge inconvenience. A big, big garage, with an Avis or other rental as part of it, is what the area needs. Fill up the back of the building near the highway with this. A perfect use.
the sales person I talked to gave me what I later found out was wrong info about which school it’s zoned for and also wrong info about height of athletic center/building to be built on pier in btw One BBP and the harbour
Good for them. More rich people will bring more shops, etc.
I went to look at these units and was sorta shocked by the sales pitch. They presented a lot of park info as a done deal that isn’t at all a done deal.
But they’re pretty units (on the waterside) and welcome them here.
The reason I say it is going slowly is because work advances one week and then stalls dead for two. I assume they have to close up the building before they start putting in fixtures and details.
It is the exterior work that seems to be advancing in fits and starts. It is odd to see a large piece of the building opened up and left like that for weeks, then see a portion infilled, then left like that for weeks. etc. It is not proceeding like a regular job where the exterior is buttoned up expeditiously and then the more laborious interior work can proceed. I live nearby and there are weeks that there is no sound coming from the site. I have absolutely no hostility to the project. Sometimes honest observations are seen as hostile on this site, which I guess is really just for real estate professionals trying to hustle their clients’ projects. I don’t care about whether this sinks or swims, i prefer that it be a success, but I really don’t care.
I do think that the pace of work seems odd and I heard that the longshoremen were causing trouble and shutting down the perimeter access, thought someone else may have heard the same thing.
11:29, Mr. B attributes the comments to the building developer and provides the context, a quarterly meeting of the Brooklyn real estate industry. If you don’t believe Levine’s statement, fine, but “regurgitating” is perjorative. If you think Brownstoner is just a shill, find another way to spend your time.
I have concerns about being in the coastal zone. Never being able to open the windows (on the eastern side of the building) would drive me out of my mind. But if I could afford this building, I’d check it out and then make up a mind. I like the location, among other positive attributes. And those last two comments are just my opinion, not marketing by a broker, so spare us all that weak response.
not for nothing but how do you assert that work is going slowly? putting in fixtures, details, etc on 449 apartments is not an overnight job and pretty invisible to anyone walking by.
I’ve seen single home renos going on for longer than this huge project…transformation from warehouse to upscale housing.
This building is far out of price range for most of us – so all the hostilty? if you think developer and realtors can really hoodwink all these rich folks that manage somehow to earn a hell of a lot more money than I do,
I’d say so what. But I doubt they are really doing that.
Why is the construction work proceeding so slowly?
It seems to be stop-and-go. What’s with that?
Have the developers resolved their issues with the longshoremen?
Something’s going on. It is not progressing like a normal job.
11:20am I heard the same thing about this project that the developers group is grossly exaggerating but Brownstoner just keep regurgitating all the crap he gets from brokers.