New Condo Development in Brooklyn’s Columbia Street Waterfront District is 88% Sold
New York, N.Y. – February 7, 2011 – (RealEstateRama) — Halstead Property Development Marketing today announced that Columbia Commons, a new residential development in Brooklyn’s Columbia Street Waterfront District, has started its final phase of sales with only five units remaining.
Now 88 percent sold, Columbia Commons accepted 11 offers in January, capping off a remarkable sales velocity since the development came to market in May 2010.
The final two listings were released on the market last week and now only five units remain available for sale. These remaining homes range in size from 609 to 838 square feet and in price from $399,000 to $650,000, including a two-bedroom, one-bathroom apartment that features a 370 square foot private terrace.
“Buyers now are looking for not only a good value today, but also one that will carry them into the future,” said Stephen G. Kliegerman, executive director of Halstead Property Development Marketing. “As such, with smart layouts, quality finishes and amenities, 25-year real estate tax abatement and the neighborhood’s continuous growth, sales at Columbia Commons have moved quickly.”
Columbia Commons features 42 condominium residences in a two-building compound comprised of a six-story and a four-story building, joined by a shared courtyard. Located at 110 Warren Street at the intersection of Cobble Hill and the Columbia Street Waterfront district, many of the units boast spectacular views of the Statue of Liberty and Governors Island, as well as Downtown Manhattan and a peek at the Empire State Building.
Columbia Commons is in close proximity to Brooklyn Bridge Park’s Pier 6. The building’s subtle design touches weave the idea of old and new throughout the homes, providing a modern living experience inside a vintage neighborhood.
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.
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 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 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/.
