Riverside/Downtown Apartments Nearing Completion
Carole Hawkins of The Daily Record has an article on the delivery of two downtown apartment communities – Brooklyn Riverside (310 units) and the nearby 220 Riverside (294) – that are coming on line in the next few weeks. Reportedly, 32 tenants have pre-leased at Brooklyn Riverside and will move in as soon as the city finalizes their inspections of the first buildings. Rental rates are $909-$2,185 or $1.37 to $1.69/SF at Brooklyn Riverside while at 220 Riverside rents are $11,090 to $1,825 or $1.52 to $1.76/SF. The developer of Brooklyn Riverside reports the strongest demand thus far has been for 1BR units, not surprising given the location and the design/architecture.