NEW YORK, NY – October 1, 2010 – (RealEstateRama) — Halstead Property Development Marketing today announced that Columbia Commons, a newly constructed residential development in Brooklyn’s growing Columbia Street Waterfront District, is now just one deal away from being 50% sold just four months after sales started.
This remarkable sales velocity speaks to the combination of attention to detail and unique value offered at Columbia Commons. Attractive layouts, value prices and impeccable design details like oversized closets, double medicine cabinets and wide-plank oak flooring are all contributors to Columbia Commons’ rapid success. Once the 50% mark is reached, the building will be declared effective.
Located at 110 Warren Street, steps away from the Brooklyn Greenway bike path and Brooklyn Bridge Park’s Pier 6, the site’s location at the intersection of Cobble Hill and the Columbia Street Waterfront district, has been a key selling point for many purchasers.
Columbia Commons features 42 condominium residences and the development includes a six-story building and a four-story building around a shared courtyard. The remaining 22 units feature a mix of one and two-bedroom residences ranging in size from 609 to 1,010 square feet and in price from $420,000 to $685,000. There is one remaining 1,272 square foot three-bedroom available at $935,000. For more information, please visit: www.columbiacommonsbk.com.
“We are extremely pleased with the rate of sales at Columbia Commons,” said Ron Moelis, co-founder of Columbia Hicks Owner LLC, the lead developer for Columbia Commons. “Today’s savvy buyer knows quality and is quick to commit to a building with the right combination of location, design, and value.”
Columbia Commons features a landscaped courtyard, bike storage, a virtual lobby attendant, a fitness room, an underground parking garage, and a roof deck with sweeping views of Manhattan and The Statue of Liberty. The apartments include Schoolhouse Electric Co. lights, and Bosch washers and dryers. Designer kitchens will feature walnut-toned and glossed dove grey cabinetry, extended kitchen countertops, modern tiled backsplashes, and wide-plank oak flooring. Bathrooms will feature streamlined designs with floor to ceiling porcelain tiling, and custom vanities with polished marble countertops.
The vibrant neighborhood around Columbia Commons has a retail center at Union and Columbia Streets and is located near the bustling 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 Goldman Sachs Group, Inc. For photos and floor plans, please visit www.columbiacommonsbk.com or contact Nicole Amato at nicole (at) mediashoppr (dot) com or 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 its industry. L&M is responsible for more than $2 billion in development and construction and has 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 its consistent track record of excellence. www.LMdevpartners.com
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 Urban Investment Group:
Founded in 2000, the Goldman Sachs Urban Investment Group (“UIG”) deploys the firm’s capital by making investments and loans that benefit low- and moderate-income people and underserved communities. Through its comprehensive community development platform, UIG is a catalyst in the revitalization of distressed urban neighborhoods. 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/.
