Burg Throwdown! The Edge vs. Northside Piers
Two of the biggest developments on the Williamsburg waterfront are about to face off on the sales market. First up, the Edge (a Brownstoner advertiser), which is going on sale next month, according to Douglaston Development’s Jeff Levine. Between 10 and 20 percent of the Edge’s First Phase is going to be listed in April,…
Two of the biggest developments on the Williamsburg waterfront are about to face off on the sales market. First up, the Edge (a Brownstoner advertiser), which is going on sale next month, according to Douglaston Development’s Jeff Levine. Between 10 and 20 percent of the Edge’s First Phase is going to be listed in April, says Levine. A cross-section of the 575 units will be on sale, with prices going from $420,000 to $630,000 for the 500-sf to 700-sf studios; between $500,000 and $850,000 for the 600-sf to 900-sf one-bedrooms; and from $670,000 to $2 million for the 850-sf to 2,000-sf two-bedrooms. The average price in the condo is going to be around $900 a square foot and it’s on track to be move-in ready by summer ’09. Levine says he’s excited about the condo’s prospects, chilly market be damned. The market is bottoming out, and first-time buyers are going to come out in force, he says. Plus, it’s just us and the Toll Brothers out here on the waterfront now. Speaking of Toll, Tower 2 of the firm’s Northside Piers is also going to hit the market soon, in April or May. (Tower 1 is shown in the background.) Even though sales for the first Northside tower haven’t been mind-blowing, Toll VP David Von Spreckelsen says units in the second building are going to be priced slightly higher than the $850-per-square-foot average of the first tower, owing to the second’s better views and different mix of layouts. The first ‘scraper consisted of about 60 percent 2- and 3-bedrooms and 40 percent studios and 1-beds, and the second tower will be about 60 percent studios and 1-beds, which sold quickest at the first building.
Development Watch: Checking In with Northside Piers [Brownstoner]
Development Watch: The Edge [Brownstoner]
Northside Piers [StreetEasy]
let the blood bath begin
“i live in a rental building, paying my market 3k a month for a studio”
Why not just set your money on fire?
i live in the schaefer landing affordable housing section, and it is a pleasant mix of people — nothing like what you describe. there are rules around these lotteries, people…
yeah actually at the edge you’ll be having the “20% affordable” living right next door to you, surely this will add huge resale value. currently, i live in a rental building, paying my market 3k a month for a studio and next to me i have a family of 8 chinese living in a 2 bed smoking so much that it feels like i have a hookah bar in my apartment, 2 doors down, the bouncer (and drug dealer) from my nearest bar lives there. it would be one thing if they had their own area but i would never pay edge prices to live next door to them. for all those pc people that plan to attack me, why don’t you just go live in harlem then?
how is the edge deal constructed in terms of affordable housing? There is that ugly building right next to NSP for the 80/20 deal they made…
Those North Side Pier images are illmatic. Sometimes new construction is good.
The Edge frustrates me. Where are the floorplans?
Nice try shill #1. This is just the phase 1 of Edge. Douglaston will build the tallest tower in phase 2, screwing people who buy the phase 1 twin towers.
The psf is ridiculous.