CONSTRUCTION UNDERWAY ON 80 METROPOLITAN AVENUE

NEW YORK CITY — Construction is underway on warehouse-inspired development 80 Metropolitan Avenue, comprising approximately 200,000 square feet, in the Williamsburg neighborhood of Brooklyn, New York City. Developed by Steiner Equities Group, the property features 114 loft residences in a six-story building and nine three-story townhouses. Loft sizes will range from 529-square-foot studios to 1,483-square-foot three-bedroom residences. The lofts will feature 10-foot ceilings, oversized windows, lapacho walnut flooring and views of the Williamsburg Bridge, the East River and Manhattan. Townhouses will range in size from 2,038 to 2,361 square feet. The townhouses will include private backyards, a second-floor terrace and parking space at the door. Residents will be able to purchase one of 24 rooftop cabanas, enclosed parking spaces and storage units. Amenities will include an indoor swimming pool, a fully equipped windowed fitness center, a yoga room, a bike room, a Zen garden, a lounge/media room with a kitchenette, a refrigerated lobby storage for grocery deliveries and an all-day concierge. Prices begin at $395,000. Occupancy is slated for early 2009.