NEW YORK, NY – March 21, 2011 – (RealEstateRama) — Halstead Property Development Marketing and RGS Holdings, LLC, in conjunction with Goldman Sachs Urban Investment Group and JP Morgan Chase Community Development, today announced that 51% of units are now closed or under contract at 2280 FDB, a 12-story, 89-unit residential development located in the heart of Harlem on Fredrick Douglass Boulevard between 122nd and 123rd Streets.
With construction complete, closings and move-ins began in July 2010. The building is available for immediate occupancy and is approved for Fannie Mae financing providing buyers with multiple options for mortgages at the most competitive rates.
“2280 FDB has been an integral part of the true renaissance in Harlem’s Frederick Douglass Boulevard “Gold Coast” corridor,” said Hans Futterman of RGS Holdings, the lead developer for 2280 FDB. “As the neighborhood continues to grow around us, we are pleased to announce that we have surpassed the 50% mark and are now able to offer our buyers the opportunity to receive Fannie Mae financing.”
The remaining residences at 2280 FDB range in size from 455 to 1,625 square feet and in price from $339,000- $1.889 M. The development includes a mix of studios, one, two and three-bedroom homes, along with five penthouses with fireplaces. Residences were designed with an emphasis on private, outdoor space, and some units include balconies or terraces that range in size from 520 to 1,310 square feet.
Homes at 2280 FDB feature high ceilings, wide plank oak flooring, and recessed lighting. The sleek and modern kitchens feature Aster Cucine custom cabinetry with CaesarStone countertops and appliances from Electrolux ICON Series or Wolf, as well as Sub-Zero and Miele. Honed Grigio Luna Stone master baths feature separate showers, Neptune Zen soaking tubs, and custom-designed Lacava walnut vanities finished off with carrara marble.
Residents also enjoy numerous amenities including access to the 12th floor communal roof deck complete with a fireplace and children’s play area. The building features onsite parking, a doorman, and a polished concrete entryway in the lobby featuring a living bamboo wall with Merbau planking and a teak reception desk.
Located in a diverse setting, the upscale neighborhood around 2280 FDB is a quickly growing area with an international flavor and a mix of architectural designs. 2280 FDB is conveniently located near a number of fashionable boutiques, trendy restaurants and transportation. It is just blocks from the W (aLoft) Harlem, the Harlem Vintage wine shop, Best Yet Market, Uptown Grand, Central Park and Morningside Park.
2280 FDB was designed by architectural firm GF55 and developed by RGS Holdings, a privately funded real estate development firm with a current focus exclusively in Harlem.
For renderings and floor plans, please visit http://www.2280fdb.com or contact Nicole Amato at nicole (at) mediashoppr (dot) com or 212-867-8778 x226.
About RGS Holdings, LLC:
Founded in 2001 by Hans Futterman, RGS Holdings, LLC is a privately funded real estate development firm with a current focus exclusively in Harlem. Committed to new construction and renovation projects that enhance the neighborhood and help to bring a strong economic base of owners and renters to Harlem, RGS Holdings, LLC works with both private and public property owners to put property to its highest and best use. With a strong community commitment, the principals of RGS Holdings, LLC strive for the continued revitalization of Harlem and the enhancement of its distinctive position as a living landmark.
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/.
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 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 urban communities. Through its comprehensive community development platform, UIG is a catalyst in the revitalization of underserved 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 730,000 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
