Avalon and Toren Rising
A tipster sent in these photos of Avalon Fort Greene and The Toren, which sit across Myrtle Avenue from each other at the intersection with Flatbush Avenue Extension, with the brief note, “Both of these buildings are going up quick!” Indeed. As we noted earlier this month, Avalon is rising at a pace of close…
A tipster sent in these photos of Avalon Fort Greene and The Toren, which sit across Myrtle Avenue from each other at the intersection with Flatbush Avenue Extension, with the brief note, “Both of these buildings are going up quick!” Indeed. As we noted earlier this month, Avalon is rising at a pace of close to two stories a week. Toren, meanwhile, is almost completely glassed over. It’s cool to see some critical mass and density in the works here.
And jingle mail,
I believe that the article about Toren you are referencing was about a lot of Asian people in New York buying at the Toren, not Europeans. Apparently a number of Asian 20 and 30 somethings who have family in other parts of NYC bought places here.
Maybe Europeans too, but I don’t recall seeing anything about that.
I think the location holds a lot of promise.
I’d certainly rather have bought into a location like Toren’s which is only going to improve than to have bought something in one of the absolutely hideous new construction buildings going up in Williamsburg, a neighborhood which is already peaking or peaked.
In terms of price appreciation for the future, Toren owners will reap the benefits 10 years from now when all these buildings fill up and Downtown BK becomes more thriving.
Or you could have overpaid for a place at Northside Piers, etc.
remember, they were marketing the toren hard in europe when the euro was much stronger against the dollar. i haven’t checked the stats, but i believe many of the sales came before the true market meltdown of late 08. that being said, i think it’s a great building and it will probably sell completely at some point. only at further reduced prices. but let’s face it, that area is nothing to get excited over at this point.
crap location? I disagree. I live in the area – Fort Greene Park is 2 blocks away, in addition to Q, R, B, M, F, A, C, in very close proximity and 2, 3, 4, 5 three long blocks away…DeKalb in Fort Greene is a walk away and Downtown Brooklyn is turning around. This location is perfect for 1st time buyers just starting out + I’m curious to see how the interior of Toren will look. It’s a great development.
“Another current favorite new construction building of mine is the future artist/formerly homeless high-rise going up on Schermerhorn in Boerum Hill”
I agree…I think that place is a great one too.
Nice to see a few interesting developments popping up around this area.
funny how Toren seems to be selling in a crap location and yet the junk on 4th ave is moving more slowly. Maybe the nitwit developers of 4th ave should take a note of that, and by the way sweatsuit guy it ain’t about the pool either.
I, too, love the look of the Toren. I’m sure it’s polarizing, but aside from Richard Meier’s On Prospect Park, this is probably the most ambitious new development I’ve seen in Brooklyn in the past decade.
I’m glad the developer of the Toren is being rewarded for his vision with brisk sales in a recession.
Another current favorite new construction building of mine is the future artist/formerly homeless high-rise going up on Schermerhorn in Boerum Hill, across from the whelming Be@Schermerhorn.
Cats is too busy turning around defunct Oklahoma oil companies and stealing Trader Joe’s brand to expend effort on a tower in BK. Boo.
They can try, Creature, but looks like it’s done well…
http://www.halstead.com/developments_other.aspx?numb=65857
I know I sound like a shill for Toren (I’m not!) but I do like to see that when something nice looking is built, that it still has the possibility to do well.
I think the terrible economy will help in the sense that our standards for new development will be increased greatly, because people simply aren’t going to buy as much crap as they used to.
Hopefully.