ADDITIONAL RESIDENTS MOVE INTO THE POINTE AS STATEN ISLAND WATERFRONT CONDOMINIUM APPROACHES 40% SOLD

THE POINTE CONDOMINIUMS AT 155 BAY STREET

STATEN ISLAND, N.Y, September 25, 2012 – The Pointe on Staten Island’s north shore waterfront is quickly approaching the 40% sold mark, another impressive milestone for the new luxury condominium building located at 155 Bay Street just steps from the Staten Island Ferry Terminal.

A number of new home buyers have already moved into The Pointe, which features a collection of 57 one- and two-bedroom condominium residences, desirable outdoor space and spectacular views of the St. George waterfront and Manhattan skyline.

The homes are attractively priced from the $300,000s, with immediate occupancy available.

“The sales success of The Pointe demonstrates the widespread appeal and exceptional value of this unique residential offering,” notes Jacqueline Urgo, President of The Marketing Directors, Inc., which was retained by Meadow Partners, the international real estate investor and asset manager, as the building’s marketing and exclusive sales agent.

“A commuter-friendly location with convenient ferry service to downtown Manhattan, spacious homes with upscale finishes and appointments, and a price point that has all but disappeared from the New York City new construction marketplace is proving to be a winning formula here.”

The new residents at The Pointe run the gamut of buyer types — from current renters looking to move up to homeownership to empty-nesters interested in a more manageable, maintenance-free lifestyle,

“The availability of immediate occupancy allows us to quickly move buyers from purchase to move in, an advantage that has gained favor with the public, particularly renters who are ready to make the move to home ownership,” Ms. Urgo points out.

While much of the success of The Pointe can be attributed to its convenient location and strong value proposition, also resonating with buyers is the renewed interest and reinvestment in the Pointe’s St. George location — known as the “gateway” to Staten Island — and adjacent north shore waterfront neighborhoods.

Existing cultural and recreational attractions include the St. George Theater and Staten Island Institute of Arts & Sciences (SIIAS); the waterfront Richmond County Bank Ballpark which is home to New York Yankees’ class A minor league team; the St. George Historic District; the Staten Island Children’s Museum and the Staten Island Botanical Garden.

Adding to that mosaic will be a new wave of modern public amenities and services. The former U.S Navy Home Port site in nearby New Stapleton is currently being transformed into a vibrant new destination center featuring 30,000 square feet of street-level shops and restaurants and a public plaza. In addition, the City plans to invest $32 million for infrastructure improvements and construction of a new six-acre waterfront esplanade that will provide public waterfront access.

“Our buyers recognize the activity taking place in and around St. George and see an exciting future for this neighborhood,” Ms. Urgo points out. “They understand the potential appreciation in home values in what is already a wonderful community, and they’re acting on it.”

Residents of The Pointe can immediately start enjoying a lifestyle rich in luxury and comfort. The modern, six-story brick building features an elegant attended lobby, stylishly designed with marble flooring, artistic stone borders, and custom wall coverings.

Design distinction and comfort extend to the residences as well, where a variety of one- and two-bedroom homes range in size from 962 to 1,255 square feet of living space. The residences, equipped with top-of-the-line stainless steel kitchen appliances and sumptuous baths featuring high-end stone and ceramic tile, each include a full-size washer and dryer, along with abundant closet space. Hardwood floors are complemented by the exceptional palette of interior finishes. Each home also offers private outdoor space, while the building features an expansive common landscaped terrace – all of which maximize the spectacular views of the Manhattan skyline and Hudson River. Onsite garage parking is also available.

For more information on The Pointe, visit www.OwnThePointe.com, or call 718-815-0155 to make a private appointment to view the new spacious one and two bedroom homes.

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About Meadow Partners

With over 40 years of combined real estate experience, Meadow Partners brings the assurance of a reliable, well-funded ownership team that is firmly committed to the development and success of The Pointe and the redevelopment of the Staten Island waterfront. Their demonstrated talent, long-range perspective, and financial strength has set to redefine the standards of quality and excellence of North Shore living.

www.meadowpartners.com

 

 About The Marketing Directors, Inc.

The Marketing Directors, Inc. is a full-service marketing and sales/rental organization specializing in new homes and recognized as a national leader in high density residential development across the United States and Canada.  The company is led by founder Adrienne Albert. Jacqueline Urgo leads the NE operation. David Tufts leads The Marketing Directors, SE formed in 2007. For more information on The Marketing Directors, call 212-826-8822 or visit www.themarketingdirectorsinc.com

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