Sales Begin at Two Northside Piers
A SLEEK NEW TOWER RISING AT THE WILLIAMSBURG WATERFRONT
270 Studio, One-, Two- and Three-Bedroom Homes Offered
Sales have begun at Two Northside Piers, a residential tower that is under construction at the Williamsburg waterfront community of Northside Piers. The building will rise 30-stories and offer 270 studio, one-, two- , three-bedroom homes, including eight penthouses.
“The waterfront has become a central element of the Williamsburg experience,” said David Von Spreckelsen, senior vice president of Toll Brothers. “Two Northside Piers offers buyers spectacular views and a waterfront lifestyle that is unique to this area of Brooklyn.”
Two Northside Piers is located along on Kent Avenue between North 4th and North 5th Streets in Brooklyn. Development here is a direct result of the city’s Greenpoint-Williamsburg Rezoning of 2005. Northside Piers is the first residential development at the waterfront of Williamsburg, a former warehouse district that is rapidly transforming into one of Brooklyn’s most significant residential enclaves.
“The rezoning of this portion of New York City was historic,” said Ron Moelis, CEO and chairman of L+M Development Partners. “With Northside Piers, we’ve been able to deliver on the vision behind the rezoning, bringing new residents to the area and making it a desirable destination for people throughout the city.”
The homes at Two Northside Piers, with interiors designed by Stephen Alton, will have floor-to-ceiling windows and wide plank walnut hardwood floors throughout. Kitchens will offer polished marble countertops with stone backsplashes and laquered vaneer custom cabinetry. SubZero vaneered refrigerators, Miele Ovens, Cooktops and Dishwashers are standard. Polished marble master bathrooms equipped with Lefroy-Brooks fixtures will have double sinks, soaking tubs and separate showers with glass tile.
An array of amenities will be available to residents of Two Northside Piers including a full-time concierge as well as Procierge, a virtual five-star, hotel-style concierge service. There will be refrigerated storage for fresh food deliveries, an indoor pool with outdoor seating, a hot tub and sauna, a fitness center, and a children’s playroom.
Residents will also be able to enjoy a private lounge with wet bar and a terrace overlooking the Manhattan skyline. Rooftop cabanas and private storage are available for purchase and the property also has secure, indoor bike storage. Two Northside Piers features more than 4,000 square feet of retail space with a restaurant planned.
Northside Piers is defined, in part, by its ample outdoor space. The development rests on five waterfront acres and has a unique “backyard” with shoreline paths and gardens spread over 60,000 square feet. A striking new pier is opening this month. It extends 400 feet into New York’s East River, providing scenic views and a rare waterfront experience.
Earlier this year, residents began moving into One Northside Piers, a 29-story, 180-unit building. One Northside Piers also offers 17,000 square feet of street level retail space. A development of Toll Brothers City Living, RD Management and L&M Development Partners, Northside Piers was designed by FXFowle Architects and will eventually comprise three towers and 800 homes.
Home to boutiques, art galleries, and performance spaces, the Williamsburg section of Brooklyn is one of New York City’s most dynamic neighborhoods. A former industrial area, Williamsburg has become home to a thriving community of musicians, artists, designers and young professionals. Many celebrated restaurants now serve this neighborhood along with cafes and bars offering everything from jazz to indie rock.
Toll Brothers City Living®
Toll Brothers City Living® is the urban development division of Toll Brothers, Inc. (NYSE:TOL), a FORTUNE 500 Company. Toll Brothers City Living® is bringing the same quality, value and service familiar to our luxury home buyers throughout the country, to some of the most dynamic urban markets in the country including Manhattan, Brooklyn, and Queens New York, Hoboken and Jersey City, New Jersey; Philadelphia, Pennsylvania; and Scottsdale, Arizona. Toll Brothers City Living® communities combine the energy of an urban lifestyle with unparalleled amenities, spectacular architecture, and the expertise of the nation’s leading builder of luxury homes. When you choose Toll Brothers, you choose an unwavering commitment to quality and customer service. For over 40 years, Toll Brothers has taken pride in the recognition received from its homeowners and peers. The Company is currently building in 21 states and has been honored with the three most coveted awards in the home building industry: America’s Best Builder, the National Housing Quality Award and Builder of the Year. Toll Brothers proudly supports the communities in which it builds; among other philanthropic pursuits, the Company now sponsors the Toll Brothers-Metropolitan Opera International Radio Network, bringing opera to neighborhoods throughout the world.
RD Management LLC
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 over 30 years of experience to the development of premier residential, retail, and commercial properties in diverse communities throughout the continent. As a full service real-estate firm, RD maintains a team of over 100 talented professionals with a broad range of expertise. The RD executive committee includes a trustee of the New York University School of Law, leading real estate practitioners and researchers, and accomplished professionals each with decades of successful experience. With industry-leading quality and performance, RD counts some of the nation’s most recognizable firms as partners, tenants, and clients. The hallmark of RD is its commitment to excellence and attention to detail. Each RD property is developed and managed with the care of an owner, the craftsmanship of a builder, and the market knowledge of a seasoned investor. Backed by experience and commitment, RD actively pursues creative, pioneering projects such as Northside Piers that promise to bring new life to communities.
L&M Development Partners
L&M was founded in 1984 as a venture between Sanford Loewentheil and Ronald Moelis. The company has been responsible for over two billion dollars in construction and development in the New York City Metropolitan area B, transforming factories into housing, performing historic preservation, gutting and renovating dilapidated buildings and, of course, building new in blighted areas.
In total, L&M has built and/or developed over 10,000 units of affordable housing in the New York City Metropolitan area and over 500,000 feet of community based retail space. In addition, L&M’s experience and creativity extend to the financial arena as well. L&M has worked with many governmental housing agencies in diverse programs ranging from those involving historic and low income tax credits and tax-exempt bond financing, to those involving 421(a) certificates and inclusionary zoning rights. We have been repeatedly selected by government housing agencies as developer in new demonstration programs including the New York State Homes for Working Families (tax exempt bond initiative); the New York City Housing Authority Mixed Income Housing Initiative, the New York City Department of Housing Preservation and Development’s Cornerstone Program and the New York City Housing Development Corporation’s LAMP Program. In each of these initiatives, we have worked closely with the public sector to create a financing structure that could become a model for future development.
L&M has also had success building mixed income and market rate housing and has developed over 1,000 condominium units in New York City over the past three years. At L&M, our track record is supported by the success and quality of our work. We are able to take a development from the planning stages to completion and take care of all the details in between. The fact that lenders, investors and government housing agencies have returned to us time and time again over the past twenty years stands as the most obvious testament to our success.
