The Edge Williamsburg - Negotiations

Why in the world would you name a development the "Edge"? If you do, and one of your most valuable assets is a 25 year tax abatement, wouldn't you be selling aggressively so that you get to the 15% closed figure, declare your plan effective and insure that you keep that 25 year tax abatement? Maybe financing is just not realistic for a low % closed building. Toll Brothers wins hands down as the responsible major developer on the Williamsburg waterfront.

these buildings have absoluetly destroyed the waterfront. there's a lot of people in williamsburg who really, really hate them.

Destroyed what? Warehouses and vacant lots? What's there to preserve?

PMG, closings haven't quite started yet at the Edge. I believe they are coming up soon though. They've claimed over 30% in contract, so we'll see how many of those actually close.

glamma, I'm with LookPied on this one. I don't find the towers particularly awe-inspiring, but in no way have they "destroyed" the waterfront. The pier on North 5th is a wonderful addition to the neighborhood. I'm not sure what the buildings have done to offend you.

"these buildings have absoluetly destroyed the waterfront. there's a lot of people in williamsburg who really, really hate them."

Like who...red hook westies?

Justlovenyc - have you gone to the sales office?

They were pretty upfront with me about negotiability and closing costs. The impression I got was 10% off + closing costs.

mercuricoxide - Your numbers are about right. That is my experience.

glamma - there are a lot of people in Williamsburg who hate everything. Most of them are 20 somethings living off Mom and Dad who were watching Sponge Bob Square Pants when I first lived in Williamsburg. The fact is that most of the waterfront in Williamsburg was/is brownfield sites. When these developments came in, they cleaned up the mess that was left behind from decades of industry. I would understand your point if NSP and The Edge were knocking down something meaningful, but the waterfront before was empty and largely abandoned and frankly not producing any revenue for a cash starved city. What did these places take away from you?

i guess it's a matter of personal opinion. sorry, not trying to offend anyone.

I'm with glamma. I have just moved to Wburg - looked at Edge and NSP but they were too Miami for me.

The Edge Williamsburg - Negotiations

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Anyone who is living in Wmburg and likes it ..still... presumably thinks the waterfront is not "ruined".

But there is a rational basis to argue that the towers destroyed the "strolling by the waterfront" view (previsiously enjoyed by very few residents in that area, because there just weren't many) -- now one must be situated favorably to enjoy views that were before more amply available.

So, bjw, and others, it's not nuts to "hate" the towers, it's a matter of taste. Personally, I think they have done a pretty good mix, with the greater density right on the water fostering over time a lot more services, while those like lofty who want a more laid-back seven floor life can also have it.

Personally, I think a few high-rises mixed with a lot of low-rise further rise is actually kinda cool..and one of the better things wmburg has got right.

i moved here almost 20 years ago from Chicago where the entire lakefront is lined with high rises, creating lovely views for the residents and using valuable real estate to it's fullest. i think it's a head scratcher why nyc didn't do the same. we have projects in some cases on the east river in many sections of the city. far rockaway has entire ghettos on the water. why shouldn't NYC build high rises on the water? i think it's an obvious and smart thing to do. i've lived now in brooklyn for 13 years, and think that the edge and northside piers are smart, and don't mind them at all. have frequently enjoyed walking out on the pier at nsp 1 something that didn't exist a couple of years ago, so from my point of view, this development improved the waterfront.
young people who don't buy, but rent instead, will simply continue to move to other less gentrified areas that are cheap as we have seen with the explosion of people in bushwick. this is how the cycle works.

i do think that that WB is far from over developed and many quirky and wonderful shops, restaurants, bars, music venues, etc... are here and continue to open up, so this neighborhood is in no danger of becoming battery park city or murray hill any time soon if ever.