NEW YORK, NY – May 13, 2010 – (RealEstateRama) — Halstead Property Development Marketing announces sales will officially launch tomorrow with the opening of a sales office at Columbia Commons, a newly constructed residential development in Brooklyn’s growing Columbia Street Waterfront District.
Located at 110 Warren Street, Columbia Commons features 48 condominium residences. The development includes a six-story building and a four-story building that feature a mix of one, two and three-bedroom residences ranging in size from 609 to 1,333 square feet and in price from $420,000 to $915,000. The property is currently under construction and is expected to be complete in fall 2010. For more information, please visit: www.columbiacommonsbk.com.
“Our goal was to maintain the architectural feel of the neighborhood while offering modern finishes and amenities to our buyers,” said Ron Moelis, co-founder of Columbia Hicks Owner LLC, the lead developer for Columbia Commons.
The Columbia Street Waterfront District is known as an eclectic home to artists and musicians and over the last few years has witnessed the arrival of many new restaurants and shops. With the much anticipated opening of Brooklyn Bridge Park just blocks away, this neighborhood is on the brink of tremendous growth and Columbia Commons offers a unique opportunity to become part of this vibrant community.
“Not only does Columbia Commons enhance this growing neighborhood but it also provides a great value to buyers with homes that are priced to sell,” said Stephen G. Kliegerman, executive director of Halstead Property Development Marketing. According to Kliegerman, buyers will benefit from an expected 25-year 421-a tax abatement.
Columbia Commons features a landscaped courtyard, a roof deck with sweeping views of Manhattan and The Statue of Liberty, bike storage, a virtual lobby attendant, a fitness room, and an underground parking garage. 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 a terrific example of Goldman Sachs’ continued commitment to financing innovative projects in emerging neighborhoods,” said Alicia Glen, managing director and head of the Urban Investment Group at Goldman Sachs. “It has been an exciting opportunity to partner with L&M Development Partners Inc. on a project that we believe will have a strong transformative effect on the community.”
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 images 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 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/.
