The Oosten is a Williamsburg condominium project with a decidedly international flavor — it's being designed by Dutch architect Piet Boon (the complex's name means East in Dutch) and it's the first ground-up American project from XIN Development Group International, the U.S. branch of Chinese development giant Xinyuan Real Estate Company. Not only that, but it sounds — and looks — likes it's going to be pretty luxurious, especially considering the location. The developers just released a new set of renderings, showing us exactly how the Oosten will, as the Times put it, "put a stylish stamp on a rough-edged industrial area south of the Williamsburg Bridge."
The apartment complex contains, most notably, a 13,860-square-foot landscaped courtyard at its center, surrounded by buildings on all sides. Inside the many-windowed walls, there will be 216 apartments along with 15 townhouses with underground garages lining the side streets. The below-ground fitness center will include a 55-foot pool and there will be another (possibly decorative) pool on the roof. According to the building's website, the sales office is set to open this month. The development is projected to be complete in 2016.
It's also worth noting that XIN is not partnering with any other developers on the $250 million project and, in fact, just closed on a $165 million loan from Fortress Capital. The Chinese have arrived.
· Oosten [official]
· Chinese Developers Step Up [NYT]
· Oosten coverage [Curbed]