Sales Begin for Phase Two of Williamsburg Development
- Sep 30, 2008
By Erika Schnitzer, Associate EditorNew York–Sales have begun at Two Northside Piers, a new 30-story, 270-unit waterfront condominium community in Brooklyn’s Williamsburg neighborhood. The tower, which is being developed through a joint venture of Toll Brothers City Living, RD Management LLC and L&M Development Partners, and designed by FXFowle Architects, is the second phase of Northside Piers, the first new residential development at Williamsburg’s waterfront.The development of Northside Piers is the result of the Greenpoint-Williamsburg Rezoning of 2005. “The city started working with the local development and political communities and looked at rezoning for residential use because the industrial uses [of the neighborhood] were becoming obsolete,” Shirley Jaffe, vice president of development, RD Management, tells MHN.The rezoning allows for building market-rate residential towers, requires an affordable housing component, provides for retail along Kent Ave. and opens the waterfront to the public, explains Jaffe. The first phase of Northside Piers—the 29-story, 180-unit One Northside Piers includes a pier, and Two Northside Piers offers an esplanade to the public. Additionally, Palmer’s Dock, located on the same site, offers 113 affordable housing units.Two Northside Piers offers studios, one-, two-, and three-bedroom homes, as well as eight penthouses. Units range in size from 500 to 2,000 sq. ft., with prices ranging from $350,000 to $2.8 million. Designed by Stephen Alton, the residence interiors include floor-to-ceiling windows, wide plank walnut hardwood floors, marble countertops, lacquered veneer custom cabinetry and polished marble master baths with soaking tubs and separate showers.Residents will have access to a refrigerated storage, an indoor pool and hot tub, fitness center with yoga room and saunas, children’s playroom and Procierge, a virtual five-star, hotel-style concierge service. Additionally, Two Northside Piers offers a private lounge with a wet bar and terrace overlooking Manhattan’s skyline. Rooftop cabanas and private storage may also be purchased.The ground floor of the building will comprise a 5,000-sq.-ft. waterfront restaurant with outdoor seating.In terms of how the economy will affect sales, Jaffe appears confident, explaining there has been a considerable amount of interest thus far, and “We think that people are going to be cautious and take their time, but we think it’s a good product in a desirable place to live.” Financing for the $100 million tower was provided by Citibank.