First Closings Have Begun at Waterfront Property in Brooklyn Bridge Park – Now Available for Immediate Occupancy
Toll Brothers City Living®, the urban development division of Toll Brothers, Inc., (NYSE:TOL), the nation’s leading builder of luxury homes, and Starwood Capital Group, a leading global private investment firm, announced today the opening of the new decorated model home and on-site sales gallery at Pierhouse, located in the 85-acre Brooklyn Bridge Park. First closings at the building began in early September.
The model home, residence N-218, is a three-bedroom, two-and-a-half bath duplex located on the second floor of the North building. Totaling 2,184 interior square feet, with a 571-square-foot outdoor terrace, the residence features unobstructed views of the New York skyline, the East River, the Statue of Liberty and Brooklyn Bridge Park.
“We’re excited to have moved our operations on-site at Pierhouse and to welcome our first residents,” said David Von Spreckelsen, the New York Division President of Toll Brothers City Living. “It’s a beautiful time of year to take in the incredible park and water views and we’re so happy to invite prospective buyers and brokers on-site, where they can fully appreciate the lifestyle and experience of this very special building.”
With interiors and exteriors sustainably designed by Marvel Architects, Pierhouse consists of 106 townhome-style residences spread across two separate waterfront buildings, offering unrivaled views of the Manhattan skyline. The lush environment, conceived by landscape architect Michael Van Valkenburgh Associates, includes private rooftops and landscaped terraces designed to complement the surrounding park. The condominium is expected to achieve LEED Silver certification, with each home offering composting units and rainwater irrigation systems, as well as high-efficiency interior and exterior LED lighting and automatic energy-efficient solar shade systems throughout.
The majority of the building’s one-to-five-bedroom homes are duplexes, many with double-height living rooms and outdoor space. Kitchens feature Gaggenau appliances, honed Calacatta Tucci marble countertops, solid American walnut cabinets, and locally sourced 18-bottle wine storage. Bathrooms feature Waterworks fixtures, Ruscello Fosso Picollo marble floors, and walnut and brushed nickel vanities. The granite in the building’s exterior was mined from the same quarry as the Brooklyn Bridge, which is visible just to the north of Pierhouse.
Residents have access to countless amenities, including 24-hour concierge service, multiple fitness centers, a meditation studio, lounge, children’s playroom, pet wash, refrigerated storage, and on-site valet parking. Cyclists will be welcomed with bicycle storage and access to Brooklyn Bridge Park in their front yard. Additionally, residents have access to select amenities of the adjoining 1 Hotel Brooklyn Bridge,including a signature restaurant, world-class spa, rooftop pool and bar, artisanal café and juice bar, private dining rooms, wedding terrace and more than 20,000 square-feet of event space.
On the waterfront at the intersection of Brooklyn Heights and Dumbo, Pierhouse’s setting in Brooklyn Bridge Park offers more than a mile of outdoor space and ample room for boating, athletics, dog-walking and more. Dumbo is home to one of the premier art districts in New York, a yearly farmers’ market and the critically acclaimed Dumbo Arts Festival. Brooklyn Heights offers a perfect blend of residential charm and all the conveniences of city living, with a ferry stop steps away, as well as several subway lines. The Brooklyn Heights Promenade is also nearby, offering picturesque views during a stroll in the neighborhood.
Pierhouse is now 80% sold and pricing for remaining homes begins at $2.9M. Toll Brothers City Living is handling the sales and marketing for Pierhouse in conjunction with Deborah Rieders and her team from The Corcoran Group. To visit the new on-site sales gallery and model apartment, please call 718-923-8001 or visit the listings on Corcoran.com here. For more information about the building, please visit http://www.pierhouseny.com.
About Toll Brothers City Living:
Toll Brothers City Living® is the urban development division of Toll Brothers, Inc., the nation’s leading builder of luxury homes. Toll Brothers City Living brings the same quality, value, and service that luxury home buyers throughout the country have become familiar with, to some of the most dynamic urban markets in the country including New York City; Hoboken and Jersey City, New Jersey; Philadelphia, Pennsylvania; and the Greater Washington, D.C. metro area. 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. To learn more about Toll Brothers City Living and its properties, visit TollBrothersCityLiving.com
About Starwood Capital Group:
Starwood Capital Group is a private investment firm with a core focus on global real estate. The Firm and its affiliates maintain 10 offices in four countries around the world, and currently have more than 2,200 employees. Starwood Capital Group has raised $34 billion of equity capital since its inception in 1991, and currently manages $51 billion in assets. The Firm has invested in virtually every category of real estate on a global basis, opportunistically shifting asset classes, geographies and positions in the capital stack as it perceives risk-reward dynamics to be evolving. Over the past 25 years, Starwood Capital Group and its affiliates have successfully executed an investment strategy that involves building enterprises around real estate, energy infrastructure and oil and gas portfolios in both the private and public markets. Additional information can be found at starwoodcapital.com.
About The Corcoran Group
The Corcoran Group, a leading residential real estate brokerage company in New York City, operates 40 offices with 2,200 sales associates serving Manhattan, Brooklyn, the Hamptons, the North Fork, Shelter Island, Delray Beach and Palm Beach, Fla. The Corcoran Group is part of NRT LLC, the nation’s largest residential real estate brokerage company and a subsidiary of Realogy Holdings Corp. (NYSE: RLGY) that operates Realogy’s company-owned real estate brokerage offices. For more information about The Corcoran Group please visit www.corcoran.com.
