Kent Avenue Rising: Northside Piers Glass is Full
If you've checked recently, you might have noticed that Williamsburg now has a skyline. It's not much yet--just very tall building north of the Williamsburg Bridge so far (plus one building south of the bridge)--but there will be more soon enough. In any case, Northside Piers, the Toll Brothers building that's in the forefront is now fully glassed in. The masonry in front, directly on Kent Avenue, is the affordable housing part of the development known as Palmer's Dock. Plus, a parking garage, we think.
Labels: Williamsburg
posted by rsguskind at 8:15 AM
3 Comments:
Who is the architect?
Who is the architect?
So the first of the planned Toll Brothers condos at bottom of N.6th has its glass in...its a bit more ugly, what with those slight color panels..yikes...
Toll Brothers sounds a bit afraid they won't be able to sell there condos w/out more big discounts...they already knocked off $200k off some of them...but this is just reported today--see below-sounds like more price dropping to come...they are hurting....and to think they thought their venture into condos would be oh so profictable!! haha...meanwhile the huge drill on the property next door The Edge is busy drilling for oil contamination and toxics for the soil samples..hahahah welcome to the Burg Yuppies!!
Toll Brothers Preliminary 3rd-Quarter Homebuilding Revenue Drops 21 Percent
HORSHAM, Pa. (AP) -- Luxury homebuilder Toll Brothers Inc. said Wednesday it expects to report a 21 percent decline in third-quarter homebuilding revenue, and cautioned that mortgage market troubles may cause further softening in the already weak housing market.
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Revenue came in at about $1.21 billion for the quarter ended July 31, according to preliminary results. Analysts surveyed by Thomson Financial expect revenue of $1.08 billion.
Backlog declined 34 percent to approximately $3.67 billion, while signed contracts dropped 31 percent to about $727.1 million.
Third-quarter cancellations increased to 347 from 317 in the prior year.
Chairman and Chief Executive Robert Toll said housing demand appears to be building, but warned that mortgage market uncertainties could cause the pace of home sales to slow further until the credit markets settle down.
"In the near term, tightening credit standards for borrowers should reduce the pool of potential buyers: Liquidity and affordability issues may impede some customers from closing, while others may find it more difficult to sell their existing homes," he said in a statement.
The company said it is not comfortable providing an earnings outlook due to the current market conditions
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