After being a gaping pit for more than a year as a huge two-block site was excavated and cleared of debris from the old Eastern District Terminal, which had occupied the property in the past, the big Edge development is now out of the ground and rising. The structures closest to the street will be low-rise and the highrise towers will be behind them. They're hoping to start completing things toward the end of 2009. Phase I of the project involves 575 luxury units and 347 affordable units, which will be in the low-rise buildings close to Kent Avenue. There will also be about 100,000 square feet of retail space in those buildings.
· Show Us Your Sales Office: Williamsburg's Edge [Curbed]
· More New Look Williamsburg: Edge Revealed [Curbed]
So, a Sunset Park blogger who's been following the trials and tribulations of what has become a semi-nondo near the neighborhood's park has decided to supplement the photos that are posted online. The place is on 46th Street between Fifth and Sixth Avenue and the 3BR duplex apartment is available for sale for $529,000 and for rent at $3,400 per month. It's billed as a "sunny duplex with access to yard." Best View in Brooklyn writes: "I thought I'd help out prospective buyers/renters with some additional photos of the neighboring buildings and the view from the front of the building." Actually, we've seen way worse in Brooklyn.
· Luxury Rental...Surrounded by Homey Details [Best View in Brooklyn]
· Duplex Laundry Sunny Backyard [Craigslist]
· Forty Sixth Street, Sunset Park [NYT]
Then: $896,000 Now: $725,00 You Save!: $171,000!
We're not clear how many people are currently calling the Clarett Group's Forté tower in Fort Greene home, but we can say that most of the units that are still on the market have gotten additional fair to moderate buzz cuts in the last few days. Streeteasy shows a series of PriceChops about five days ago, some of the of the second generation variety. Let's take unit 16D, a 1,007 square foot two BR, 2BA unit that was $896,000 but now finds itself priced to move at $725,000. It originally hit the market in the heady days of August '07 at $935,000, making the overall PriceChop $210,000, which is none too shabby. (This is actually the second round of PriceChops on many units.) On the upper end of what's still around in the Forte, consider the priciest unit still on the market, aka 15B/C. It has gotten a shave from $1.697M ito $1.55M or a little chop action of $147,000. All in all, 10 of the 12 units currently listed have gotten visits from the PriceChopper.
· Forte Condo [streeteasy.com]
· Forte Condo Explains Charges, Knocks Competition [Curbed]
SOHO—Earlier today, we noted that Soho Mews is now looking abroad for buyers. So, it's no surprise that its website is now multilingual. Per a tipster: "The Soho Mews website now comes in English, Spanish, Italian, Russian, and what appears to be Korean and Chinese. Also, included is a schedule of upcoming Soho Mews-sponsored cocktail parties in Milan and Rome. Looks like the new marketing strategy has the developers pulling out all the stops to get the international money. Very interesting. Is Soho Mews in trouble?" Well, it's definitely speaking many languages. [CurbedWire Inbox]
PROSPECT HEIGHTS—There has been some reaction today from Atlantic Yards biggest supporters to the Supreme Court decision not to hear the eminent domain appeal brought by opponents. From developer Bruce Ratner: '“We believe, and the courts have repeatedly agreed, that Atlantic Yards provides significant public benefits, including thousands of affordable homes and much needed jobs for Brooklyn. We are gratified that the Supreme Court has decided to put an end to this lawsuit. The opponents have now lost 20 court decisions relating to Atlantic Yards..." From Brooklyn Borough President Marty Markowitz: "“The U.S. Supreme Court has correctly and wisely chosen not to hear the appeal from the lower court, thereby affirming the public benefits of the Atlantic Yards project for Brooklyn...This is a major victory for the futures of Brooklyn and New York City.” [CurbedWire Inbox]
Our old friend and former Development Du JourUrban Green in Williamsburg has been making amazing progress after more than a year of being a big pit that, at one point, was refilled after being dug out. (Stop Work Orders, etc.) When we last looked in April it was just coming out of the ground. Now, the back part of the structure is taking shape along N. 5th Street and work is starting on the foundation on N. 6th Street. The development is the biggest new luxe project rising near the epicenter of Bedford Avenue. In the wishful thinking department, the sign outside says the project will be finished by October 1. Not exactly.
· Construction Watch: Burg's Urban Green Finally Rising [Curbed]
FORT GREENE—One Hanson had a reception to show off a completed Clock Tower unit last night and a Curbed operative was on hand to take some notes and photos. Our correspondent reports spectacular views in all directions, including Coney Island and the ocean to the south: "I rode the elevator up with some Manhattan brokers who were quizzing tenants headed to their lower floor apartments. They all had great things to say about the building and the neighborhood. And this was in a 100 degree elevator, so the environment was ripe for bitching if there was any to be had." (There have been some early AC problems and residents have been getting free portable units until fixes are made.) The dude playing guitar in the living room photo is not included, even in this $4.75M unit that takes up the entire 29th floor. [CurbedWire Inbox]
DOWNTOWN BROOKLYN—Closer to the Manhattan Bridge, Toren, which we last saw via its sales office, is reporting that 50 units have signed contracts in the first 40 days it's been on the market. The 38-story SOM building has 240 units. [CurbedWire Inbox]
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