Stephen G. Kliegerman
President of Development Marketing
Estimate Early 2008 Completion
WILLIAMSBURG — The first tower to go up at the Northside Piers development on the Williamsburg waterfront celebrated its topping out earlier this month.
The celebration for the 29-story luxury condominium tower attracted more than 100 people, including those interested in living in the building, real estate brokers and representatives of the developers and architects. It also attracted Robert Toll, national chairman and CEO of Toll Brothers, one of the largest builders of homes in the U.S.
The 180-unit building on Kent Avenue, between North 4th and North 5th streets, is a project of Toll Brothers City Living, based in Downtown Brooklyn, in association with RD Management and L&M Equity Participants.
Its name will be One Northside Piers. Its design is by FXFowle Architects.
It will serve as the anchor of a larger complex that will include more than 800 residences in three high-rises and townhouses, a waterfront cafe as well as other retail and commercial space, onsite parking, a watefront esplanade, and a 400-foot-long pier jutting out into the East River.
The development, which rests on five acres, will also feature rooftop terraces “with breathtaking views and a unique backyard,” and shoreline paths and gardens spread over 60,000 square feet, according to David Von Spreckelsen, vice president of Toll Brothers City Living.
“We’re excited to be on the leading edge of development in Williamsburg and the newly rezoned waterfront,” said Von Spreckelsen at the topping out.
Based in Manhattan, RD Management is one of North America's largest privately held real estate development and management firms, with a portfolio including 20 million square feet of commercial space in over 200 centers across the United States and Canada. Headquartered in New York, RD brings more than 30 years of experience to the development of premier residential, retail and commercial properties in diverse communities throughout the continent.
“We are leading the charge on the creation of the neighborhood’s waterfront,” said Shirley Jaffe, vice president of RD Management. “The pier will be open to the public, providing community members and visitors unique access to the East River.”
Founded in 1984 as a venture between Sanford Loewentheil and Ronald Moelis, L&M has been responsible for over $2 billion in construction and development in the city, including more than 10,000 units of affordable housing.
Agents at Halstead Property Development Marketing, which has the sales exclusive, report that one-third of the first tower’s units are already sold. Prices range from the low $500,000s to more than $2 million.
© Brooklyn Daily Eagle 2007
Wednesday, June 27, 2007