Buyers Snap up Last Units at Development in Brooklyn’s Columbia Street Waterfront District
NEW YORK, N.Y. – June 22, 2011 – (RealEstateRama) — L+M Development Partners and Halstead Property Development Marketing today announced that Columbia Commons, a new residential development located at 110 Warren Street at the intersection of Cobble Hill and the Columbia Street Waterfront District, is sold out.
The announcement comes after a steady record of sales since Columbia Commons came to market in May 2010.
Columbia Commons includes a six-story and a four-story building and features 42 condominium residences. Homes are a mix of one-, two-, and three-bedroom units ranging in size from 609 to 2,785 square feet with sales prices that ranged from $399,000 to $2,065,000.
“Recognizing the value of these homes both now and in the future, buyers flocked to Columbia Commons for many reasons,” said Stephen G. Kliegerman, president of Halstead Property Development Marketing. “The layouts are smart, the finishes of the highest quality, and the neighborhood is in a state of continuous growth.”
Amenities include a landscaped courtyard; rooftop with extensive views of Manhattan, Brooklyn and the Statue of Liberty; fitness room; virtual lobby attendant; bike storage garage; and an underground parking garage. Apartments also feature Schoolhouse Electric Co. lights and Bosch washers and dryers.
“We’re delighted to have reached such a successful and satisfying conclusion at Columbia Commons,” said Lisa Gomez, executive vice president of development at L+M Development Partners, Inc. “Clearly buyers are seeing the same thing we are, which is a bright future here.”
Columbia Commons is in close proximity to Brooklyn Bridge Park’s Pier 6 and the building’s subtle design touches weave the idea of old and new throughout, providing a modern living experience in the comforting setting of a vintage neighborhood.
Columbia Commons was developed by Columbia Hicks Owner LLC, an affiliate of L+M Development Partners Inc. and the Urban Investment Group at Goldman Sachs.
For more information regarding Columbia Commons, please visit: http://columbiacommonsbk.com/residences/ or call the Columbia Commons sales office at 212-381-4222. For renderings, photos and other press inquiries, please contact Nicole Amato at Mediashop PR (nicole (at) mediashoppr (dot) com; 212-867-8778 x226).
About L+M Development Partners
Since 1984, L+M Development Partners Inc. has been an innovator in developing quality affordable, mixed-income and market rate housing, while improving the neighborhoods in which they work. A full-service firm, L+M works from conception to completion, handling development, construction and management with creativity that leads their industry. They are responsible for more than $2 billion in development and construction and have created more than 10,000 high-quality units in the tri-state area alone. Community leaders, government officials and investment organizations turn to L+M because of their consistent track record of excellence. Fpr more information on L+M Development Partners, please visit: http://www.lmdevpartners.com/.
About Goldman Sachs Group, Inc.
The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.
Goldman Sachs established the Urban Investment Group (UIG) in 2001 to deploy the firm’s capital by making investments and loans through comprehensive community development platforms that benefit underserved communities in the United States. UIG has committed more than $1.3 billion, facilitating the creation and preservation of approximately 9,100 housing units – 75% of which are affordable to low, moderate and middle-income families – as well as over 730,000 sq. ft. of community facility space and approximately 900,000 sq. ft. of commercial and retail space. To learn more about UIG, visit www.gs.com/uig.
About Halstead Property Development Marketing:
Halstead Property Development Marketing is the exclusive sales and marketing firm for numerous new developments in the tri-state area. They consult with developers on every aspect of the development process, including: pre-development planning such as comprehensive market research, detailed unit mix and layout analysis and amenities planning, all of which enables their clients to maximize sales prices, increase absorption rates and provide an overall superior product benefiting the consumer and developer. In addition, the division directs and coordinates the selection of all on-site personnel, conducts extensive sales training and monitoring, designs exceptional sales environments, and creates integrated communications planning including marketing, advertising, public relations and branding. For more information on the Halstead Property Development Marketing Division, please visit: http://www.HalsteadPDM.com/.
