ARCFE Group 7 – Williamsburg Project progress
Group 7 – Oosten Condo project progress
By the end of December 2021, the 7th Project has been completed and put into use. All four buildings of the East River Bay project were completed in the first quarter of 2018. At present, the building has been basically sold out, the residents have moved in. I-526 has been approved.
– Till the end of 2016, construction of all four buildings has been completed. The interior renovation is also completed. On the day of site visit, we saw some moving in. Based on the pricing information provided by sales center, the average price has been increased by 56% since the opening.
– The general contractor is working on the interior construction. They expect construction completion in July 2016. The sales of the units are going on well. More than 120 units were pre-sold, with the average price of above $1,100 per square feet (among 201 condo units and 15 town houses in the building). It is expected to be delivered before the end of 2016.
– Oosten Condominium is a square shape building structure with an open courtyard in the center. Three sections of the 7-story superstructure building have been topped out while the remaining section (facing the East River) is up to 2nd floor. The remaining superstructure section would be completed in about a month. As mentioned previously, the project would be completed in 2016.