(Vocus) February 19, 2009
Toll Brothers City Living®, RD Management, and L&M Development Partners today announced the topping off of Two Northside Piers, Northside Piers' second luxurious new condominium residence on the Williamsburg, Brooklyn waterfront. Achievement of this significant milestone means that occupancy should begin in early 2010.
With introductory pricing available for a limited time, this is the perfect time to purchase a waterfront dream home at Northside Piers. Amazingly priced from $349,990, Northside Piers offers other advantages including a 25-year tax abatement (with monthly real estate taxes as low as $6); historic low interest rates with special financing programs; and a free one-year borrower's protection plan.
Northside Piers offers a wide variety of spacious studio, one-, two-, three-bedroom and penthouse floorplans, many with home offices and direct Manhattan views. Residences at Two Northside Piers are rich with stylish appointments, including kitchens designed by Stephen Alton with elegant, wide-plank American walnut floors, custom-designed lacquer cabinetry, imported marble countertops, and sleek stainless steel appliances by Bosch® and Sub Zero®. Chic bathrooms feature floor-to-ceiling tile, LeFroy Brooks® fixtures, and a frameless glass-enclosed shower with rain head and separate soaking tub.
Residents of Northside Piers will certainly enjoy the good life. World-class amenities include a waterfront esplanade, hotel-style concierge, a heated indoor pool and hot tub, fitness centers, saunas, a massage/yoga room, children's playrooms, an outdoor deck, a residents' lounge, 24/7 doorman, a restaurant, valet parking, bike storage, and LifeAt.com, a modern twist on the building bulletin board. Plus, rooftop cabanas and residential storage are available for purchase.
To learn more about Northside Piers, please call 718-388-0606, or visit the sales gallery located at 47 North 4th Place in Williamsburg, Brooklyn, New York Monday through Friday from 11:00 a.m. to 7:00 p.m., and Saturday and Sunday from 11:00 a.m. to 6:00 p.m. You can also visit online at NorthsidePiers.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 is bringing 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 Manhattan, Brooklyn, and Queens, New York; Hoboken and Jersey City, New Jersey; Phoenix, Arizona; and Philadelphia, Pennsylvania.
Toll Brothers, Inc., (NYSE:TOL) a FORTUNE 500 Company, is the nation's leading builder of luxury homes. The Company began business in 1967 and became a public company in 1986. The Company serves move-up, empty-nester, active-adult, and second-home home buyers and operates in 21 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, Texas, Virginia, and West Virginia. Toll Brothers, is the only publicly traded national home building company to have won all three of the industry's highest honors: 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. For more information, visit TollBrothers.com or TollBrothersCityLiving.com.
About RD Management LLC
RD Management is one of North America's largest privately held real estate development and management firms, with investments throughout the United States and Puerto Rico. Headquartered in New York, RD brings over 30 years of experience to the development of premier residential, retail, hotel 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, 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.
About L&M Development Partners
Founded in 1984, as a venture between Sanford Loewentheil and Ronald Moelis, L+M Development Partners (formerly L&M Equity Participants) has been a leader and innovator in real estate, responsible for over $2 billion of development and construction. Working with community, government and investment partners, L+M has built more than 8,000 units of high-quality, affordable and market-rate housing in the tri-state area. In the process, the company has helped to create vibrant and revitalized neighborhoods throughout the New York metropolitan area.
Today, L+M is an integrated organization with affiliated companies in development, construction and management. This breadth of in-house expertise allows for an exceptional degree of control, translating to unsurpassed quality and efficiency in every new venture. From affordable housing to luxury condominiums, L+M brings the same level of commitment, creativity and integrity to every project.
L+M Development has earned the trust and confidence of local officials, public agencies and joint venture partners. Its team has a demonstrated ability to engage institutional investors and negotiate complex financial structures. The company also has a deep understanding of the thousands of pieces that make up a successful project - and the people to make it work.
L+M's portfolio includes more than 8,000 residential units and nearly 750,000 square feet of commercial space. The value of its existing properties exceeds $1 billion, with an additional $900 million on the horizon.
L+M properties encompass low- and middle-income and emerging market luxury housing, mixed-income and mixed-use developments. Its projects include new construction, renovation of historic buildings and adaptive re-use, and range from multi-unit apartments to single-family homes. Whenever possible, the company's buildings employ "green" technology that marries beauty, sustainability and energy efficiency.
This is not an offering. The complete offering terms are in an offering plan available from Sponsor File Nos. CD-07-0729 and CD-06-0229.