NEWS SALES ACTIVITY PUSHES THE POINTE TO 60% SOLD ON STATEN ISLAND’S NORTH SHORE WATERFRONT

STATEN ISLAND, N.Y. – Meadow Partners and The Marketing Directors announced today that 60% of The Pointe’s luxury condominium residences have been sold, signaling another marker of success for the boutique building conveniently situated just steps from the Staten Island ferry terminal in St. George.

The new milestone was reached after three new sales were recorded last week at the six-story building located at 155 Bay Street on Staten Island’s burgeoning north shore. The steady sales pace reflects the widespread appeal of The Pointe, which features expansive condominium residences, desirable outdoor space, spectacular views of the St. George waterfront and Manhattan skyline and attractive prices.

Available one- and two-bedroom residences range in size from 962 to 1,255 square feet of living space at prices starting from $340,000, with immediate occupancy available. The building is approved for FHA financing and has a 421a tax abatement.

“We’re delighted to have reached this point in our sales program,” notes Jacqueline Urgo, President of The Marketing Directors, which was retained by Meadow Partners as The Pointe’s exclusive marketing and sales agent. “We’re delivering a unique living experience in a convenient waterfront location that’s on the rise, and both the marketplace and brokerage community are responding favorably.”

Residents of The Pointe enjoy a lifestyle rich in luxury and comfort. The modern, 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, which feature top-of-the-line stainless steel kitchen appliances, sumptuous baths adorned with high-end stone and ceramic tile, a full-size washer and dryer and 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 available.

Homeowners at The Pointe also enjoy the added convenience and long-term benefits associated with the operation of the building thanks to My Green Condo, a unique online management platform offering tools for condominium associations to carry out all their management responsibilities in an efficient and effective manner, while also facilitating and promoting a green environment.

The Pointe’s location in an area targeted for major reinvestment, including new retail and recreational attractions, is also resonating with buyers. Fine Fare Marketplace is scheduled to open in April in the base of The Pointe, featuring a full line of groceries, gourmet deli, bakery, full-service fish and butcher shop and a grab-and-go prepared foods section. Other neighborhood enhancements include the recent announcement to develop a 350,000 square-foot mall consisting of 100 retail outlets and the transformation of the former U.S. Lighthouse Depot into a $140-million waterfront enclave featuring stores, restaurants, a hotel and housing. And in nearby Stapleton, work is underway to redevelop the former Navy Homeport site into 30,000 square feet of street-level shops and restaurants which will combine with a new public plaza and a six-acre waterfront esplanade.

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.

About The Marketing Directors

For more than 30 years, The Marketing Directors has been the preeminent development advisory and marketing and sales force in luxury residential development. Its team works exclusively on behalf of elite owners and builders of residential housing to develop, market and sell customized, architecturally-superior spaces. The Marketing Directors’ sophisticated professionals are industry leaders, respected partners and market innovators. Headquartered in New York City with offices and sales teams across North America, The Marketing Directors has $30 billion in collective sales and has led its clients to successfully sell out more than 1,000 new developments. Past projects include The Sheffield, Linden78, Platinum and The Visionaire. For more information on The Marketing Directors, call 212-826-8822 or visit http://www.themarketingdirectorsinc.com

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