First Unit Closed on January 14; Development is 65% Sold
New York, N.Y. – January 18, 2011 – (RealEstateRama) — Halstead Property Development Marketing today announced that closings and move-ins have begun at Columbia Commons, a new residential development in Brooklyn’s Columbia Street Waterfront District.
According to the developer, Ron Moelis, the first closing was completed on January 14 and additional closings are scheduled to take place throughout the month. Upon closing, residents may move in immediately.
“With the development 65% in contract, and buyers beginning to move in, we’re pleased to have reached this milestone after just eight months on the market,” said Stephen G. Kliegerman, executive director of Halstead Property Development Marketing. “This truly reflects a market regaining strength.”
Located at 110 Warren Street at the intersection of Cobble Hill and Columbia Street Waterfront district, Columbia Commons (www.columbiacommonsbk.com) features 42 newly constructed residences, with 15 units remaining. The remaining one and two-bedroom homes range in size from 609 to 838 square feet and in price from $399,000 to $625,000 and include two two-bedroom apartments with generously sized private terraces.
Columbia Commons is a two-building compound comprised of a six-story and a four-story building, joined by a shared courtyard. The development features exceptional amenities, including 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 at Columbia Commons feature designer kitchens, including walnut-toned and glossed dove grey cabinetry, extended kitchen countertops, modern tiled backsplashes, and wide-plank oak flooring. Bathrooms boast streamlined designs with floor to ceiling porcelain tiling and custom vanities with polished marble countertops. Schoolhouse Electric Co. lights and Bosch washers and dryers are provided in each residence.
With close proximity to Brooklyn Bridge Park’s Pier 6, Columbia Commons enables a modern living experience inside a vintage neighborhood. The residence is surrounded by a retail center at Union and Columbia Streets, as well as the busy retail and restaurant areas of Cobble Hill, Carroll Gardens, Boerum Hill, and downtown Brooklyn.
Columbia Commons is being 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, media tours or high-resolution photos and renderings, please contact Nicole Amato at nicole (at) mediashoppr (dot) com or 212-867-8778 ext. 226. For floor plans and availability, please visit www.columbiacommonsbk.com.
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.
L+M is a double bottom line company, where success is measured not only in financial returns but also by the positive impact they make. They take pride in their long-standing dedication to the communities they serve, demonstrated through an annual scholarship fund, job training programs and substantial support for local nonprofits. L+M brings a superior level of commitment to their investments in developments, and equally important, to their investment in people.
About The 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 London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.
Established in 2001, the Urban Investment Group deploys the firm’s capital by making investments and loans that benefit underserved communities. Through its comprehensive community development platform, UIG is a catalyst in the revitalization of distressed urban neighborhoods. UIG has committed more than $1.2 billion, facilitating the creation and preservation of approximately 9,000 housing units — 75% of which are affordable to low, moderate and middle-income families — as well as over 600,000 sq. ft. of community facility space and approximately 900,000 sq. ft. of commercial and retail space. UIG is part of The Goldman Sachs Group, Inc. (NYSE: GS). 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/.
