As Michael Stoler joked that former governor Eliot Spitzer had brought the shovel with him during a panel discussion at Tuesday’s Only Brooklyn Summit, the prodigal son of Spitzer Enterprises opened up about his new South Williamsburg development.
“We’ve got our footings in the ground; we’ve got our plans approved,” said Spitzer in regards to the three towers his company will be building at 420-430 Kent Avenue.
The development, which will hold 856 units located “right on the water,” will also include a 40 foot esplanade, and 20 percent of the residences will be deemed affordable housing.
“In a matter of eight or nine months, we went from contract, plans approved to piles, caps, everything completely done.
“It is curtain wall, the views are amazing, the amenities are going to be absolutely spectacular,” said Spitzer before goading his fellow panel mate, prolific developer Jeffrey Levine of Douglaston Development, that the project will be giving him “good competition” in Williamsburg.
“I’m proud of these buildings. I think people will want to live there,” Spitzer continued. “We’re creating a continuous corridor of living in Williamsburg.”
Spitzer said that in order for positive development to continue to occur throughout Brooklyn and the other boroughs, smart zoning and transportation are needed. Levine and Spitzer helped kick off the all-day TerraCRG-sponsired event which focused entirely on Brooklyn’s real estate health.