iCrossARCFE
Oosten Condo rendering

ARCFE Group 7

Completed & Repaid

Oosten Condo

Williamsburg, Brooklyn, New York (421 Kent)

I-526

Approved

I-829

Approved

Repayment

Fully repaid

The Project

About Oosten Condo.

The development consists of 201 residential condos, 15 townhouses, a community facility unit, 81 parking spaces and 201 storage spaces plus other amenities including a swimming pool, sauna, fitness center, and a children’s play area. The development has a total finished area of approximately 426,000 square feet.

The demolition started in November 2013 and construction has completed in May 2018.

Fully repaid — a pre-RIA (old law) project. *EB-5 capital repaid to the NCE.

Key Facts

Location
Williamsburg, Brooklyn, New York (421 Kent)
Targeted Employment Area
Qualified for TEA
EB-5 Investors
120
Developer
Xinyuan Real Estate (421 Kent Development LLC)
Era
Pre-RIA (old law)

In Depth

The full Group 7 story.

Qualified for TEA · 120 Investors · Suprior location

OOSTEN CONDO

The development consists of 201 residential condos, 15 townhouses, a community facility unit, 81 parking spaces and 201 storage spaces plus other amenities including a swimming pool, sauna, fitness center, and a children’s play area. The development has a total finished area of approximately 426,000 square feet.

The demolition started in November 2013 and construction has completed in May 2018. I-526 Approved.

ONE OF THE MOST ACTIVE REAL ESTATE MARKETS

WILLIAMSBURG

Williamsburg, a historic district nestled in Brooklyn, New York, pulsates with an eclectic blend of the old and the new. Cobblestone streets lead past 19th-century brownstones adorned with vibrant street art, while trendy boutiques and artisanal cafes line the sidewalks. It's a neighborhood where history resonates through its preserved colonial architecture, yet innovation thrives in its bustling creative scene. From its iconic waterfront views to its lively music venues and farm-to-table eateries, Williamsburg captivates visitors with its rich tapestry of culture and charm.

Developer · SOME COMPLETED PROJECTS · PREMIER DEVELOPER IN THE NYC AREA

Xinyuan Real Estate

421 Kent Development LLC will be managed by a team of highly experienced individuals, including Mr. John Liang as the Managing Member, Mr. Ryan Black as the Senior Director of Development, and Mr. Robert Gianatasio as the Director of Construction. The project will also involve collaboration with professionals such as Wank Adams Slavin Associate for architectural design, Piet Boon Studio B.V. for interior design, Wonder Works Construction Corp. as the general contractor, and Think Architecture and Design for façade design and consultancy.

SOME COMPLETED PROJECTS

DECADES OF HANDS-ON EXPERIENCE

Interior Designer:

Piet Boon Studio B.V.

Studio Piet Boon is a globally operating exterior, interior and product design studio recognized for creating perfectly balanced designs. For every client, our teams compose the perfect balance between functionality, aesthetics and individuality, in order to create an authentic and timeless design. The full-service approach and our capacity to truly listen makes us eager to exceed expectations of our clients.

The multidisciplinary team designs acclaimed private homes, residential and corporate developments and hospitality experiences. Additionally, the studio designs an extensive range of products for kitchen & dining, living & outdoor and bathroom. The design team consists of experienced designers, architects and stylists who are committed to deliver authentic design at a high level.

Project Progress

Latest updates from the site.

Nov 2016

As of 2016 Q4, construction work for OOSTEN had been completed. Certificate of occupancy had been received. The project is complete.

Site Report Archive — Oosten Condo

Sep 2016

As of September 30th 2016, the construction of 4 buildings has completed. Garden and facilities are ready to use. Closing will started as soon as TCO is approved.

Jun 2016

As of June 30th 2016, the construction of four buildings is finishing up. Con Ed lines are already set up. We are expecting to receive TCO before 3rd quarter this year and begin condo closing in November.

Dec 2015

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.

Jun 2015

Four sections of the 7-story superstructure building have been topped out. The general contractor is working on the interior construction in the building. They expect substantial construction completion in September 2016.

Mar 2015

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.

Dec 2014

In this quarter, the project has showed substantial progress. The general contractor is erecting steel beams up to the third floor. They anticipated the project would be completed in 2016.

Gallery

Oosten Condo in view.

Oosten Condo — project imagery
Oosten Condo — project imagery
Oosten Condo — project imagery
Oosten Condo — project imagery
Oosten Condo — project imagery
Oosten Condo — project imagery
Oosten Condo — project imagery
Oosten Condo — project imagery
Oosten Condo — project imagery
Oosten Condo — project imagery
Oosten Condo — project imagery
Oosten Condo — project imagery
Oosten Condo — project imagery
Oosten Condo — project imagery
Oosten Condo — project imagery

Construction Progress

From the job site.

For illustration purpose only

design-project-real-estate-development-oosten-luxury-apartments-condos-townhouse-terrace-b
Oosten Condo — construction progress
Oosten Condo — construction progress
Oosten Condo — construction progress
Oosten Condo — construction progress
Oosten Condo — construction progress
Oosten Condo — construction progress
Oosten Condo — construction progress
Oosten Condo — construction progress
Oosten Condo — construction progress
Oosten Condo — construction progress
Oosten Condo — construction progress
Oosten Condo — construction progress
Oosten Condo — construction progress
Oosten Condo — construction progress

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