Williamsburg skyline develops north of the bridge...
^What does the final product look like?
Williamsburg skyline develops north of the bridge...
About 30 years from now the waterfront stretch from the Wburg bridge to the Qboro bridge is going to be completely unrecognizable.
They've defaced Lou .
Developers Not Yet Ready to Support Williamsburg Revolution
Friday, March 13, 2009, by Joey
Last year, predicting a glut of new Williamsburg condos, some fellas with a dream launched the "Williamsburg Buyback" campaign, in which they hoped to mobilize like-minded members of the Williamsburg creative class and buy apartments in bulk from developers at a steep discount. It didn't work. This year, they're trying again, only now the Williamsburg Buyback is now targeting rentals (Williamsburg Rentback is kind of an awkward name). The Brooklyn Paper checks in with how the mission is going, and according to founding member Zev Eisenberg, there are some nibbles:
“You can’t really go up to a landlord and say, ‘Hey, can I get a deal?’ — but when I tell these guys I can fill their building in a week, they get a bit more interested,” said Eisenberg, who was a part of an earlier incarnation of the group that attempted, but failed, to purchase Williamsburg condos units at discounted rates two years ago.
Interest, unfortunately, hasn't yet led to results: "The Williamsburg Buyback has not reached any deals with developers, but the group claims to be involved in negotiations with four developers for building-wide rent cuts of $100 or more per month."
May 3, 2009
More Sales, for Less Money
By JOSH BARBANEL
The NV, 101 North Fifth Street, Williamsburg
FAR from Manhattan’s most famous residential streets, in places where few barons of Wall Street hang their hats, brokers say that sales activity has picked up. Some new condominiums are moving, driven by lower prices, increased incentives and first-time buyers looking for value.
No one was buying last fall at projects near the waterfront in Williamsburg, said Highlyann Krasnow, an executive vice president at the Developers Group. But after developers got the message and cut prices, sales began to pick up in late February, and became stronger in March as buyers spread the word about their new finds, she said. Soon 30 buyers were showing up for some open houses.
“Once it started, it snowballed,” said Ms. Krasnow, whose firm is selling a number of Williamsburg projects, including the NV and the Rialto.
At NV, a glass and brushed-steel building at 101 North Fifth Street, near Berry Street, buyers have signed contracts for 17 of the 40 apartments in the last two months, Ms. Krasnow said.
While many larger new buildings are expected to linger on the market for years, NV could sell out in a matter of months. A lower-floor one-bedroom with 11-foot ceilings is available there for $430,000, down from $515,000.
A block away, at the Rialto at 150 East Fifth Street, there were also some price cuts. Ten apartments out of 31 went into contract in the last two months, Ms. Krasnow said.
Few of the buyers in Williamsburg work on Wall Street, she said. She described many as “creative types” who work in publishing, fashion, marketing and Web design. Some are first-time buyers, receiving help from their parents.
For Deborah Rieders, a Corcoran broker, it seems as if the good old days were back, bidding wars and all. Ms. Rieders is the broker at Mason Fisk, a century-old factory building on Berry Street near North Ninth Street in Williamsburg. Before the conversion went on the market last month, prices were cut back sharply. Since then, 24 out of the 26 apartments have gone into contract, she said.
Ms. Rieders said many buyers hesitate before returning contracts, even at discounted prices. But at Mason Fisk, when buyers dawdled, the developer was able to make a few new deals at higher prices.
Ms. Rieders also represents sellers of individual apartments, but she said, “In my resales, the same fervor to buy is not there.”
Manhattan developers are learning the price-it-right lesson, too. Last week, the scaffolding that had hidden the facade of the Hudson Hill condominium on West 58th Street, near 10th Avenue, was taken down. At the same time Kenneth S. Horn, the president of Alchemy Properties, the developer, cut the asking prices on the 67 apartments by an average of 18 percent, to $1,063 per square foot from $1,300 per square foot.
He said that as word of the cuts spread, nine deals were quickly negotiated, and the first five contracts went out late last week.
There are two new buildings going up at Broadway and Bedford.
Does anyone have any info. as to the what they are?
These all date back to April 13th... I'm not familiar with Williamsburgh, so I have no idea what I'm looking at:
Had to crop out m'lady ^
New stuff looks like Anywhere USA
2. This building was a renovation of a warehouse (yellow brick) with addition on top. The photo of the building didn't come out, but this is the cladding on the addition.
3. This is a typical distribution warehouse and some did a little Peter Eisenman style renovation on it. Certainly more interesting than one would expect. There was a red corrugated aluminum component to the far left side.
Construction Watch: Williamsburg's 111 Kent Bulging Out
Just in time for rumors of Williamsburg's ultimate demise, the new condo building at 111 Kent Avenue is taking its very interesting shape. Flying somewhat under the radar, 111 Kent would be the talk of the Burg if it was located on any other block, mostly for its rooftop swimming pool—we know where this is headed—and crazy concierge-loaded lobby (see gallery above). But its location happens to be at Kent and North 7th Street, putting it pretty much right behind the two behemoths of the north Williamsburg waterfront—Northside Piers and The Edge. Interested in a protruding window bay of your very own? The listings are nowhere to be found at the moment, but the Prudential Douglas Elliman website mentions a price range of $575,000 to $2.5 million for units sized 720 to 1,800 square feet. Cabanas not included, obvi.
111 Kent [Official Site]
111 Kent coverage [Curbed]