The Williamsburg and Greenpoint rezonings in the 2000s allowed for tens of millions of square feet of new residential development—between 30 million and 32 million square feet, Vicki Been at NYU’s Furman Center told The Observer—but for developers looking to meet the torrent of demand flooding into northern Brooklyn, it hasn’t been anywhere near enough. Builders Read More
The Watchtower Society may have all but divested itself of its waterfront Brooklyn holdings, but those seeking their own personal watch tower in the sky need not convert to get it—One Brooklyn Bridge Park, at 360 Furman Street in Brooklyn Heights, has re-listed its 14th-floor penthouse, and it can be all yours for just $5.5 million.
The unit has been on the market on and off since 2007, said broker Penelope Stipanovich at MNS, who has the listing, and the price was just cut from $7.25 million. Read More
If the construction of The Edge condominiums on the North Brooklyn waterfront, along with North Side Piers next door, did not seal the fate of Williamsburg As We Know It, then the latest sale in the building certainly has.
The two-towered condo project has been the best selling building in New York through the first half of the year, and helping propel it to that point is Jordan Milman, a former Deutsche Banker trader who left the firm last year to help found a hedge fund. According to The Journal, Mr. Milman and his pals at LibreMax weren’t down with the Volker Rule.
Could things get any less hip? Read More
