Clifton Pointe Sold Out; Construction of ‘Phase 2’ Set to Begin
The second project will have five units, and two of those are already in sales negotiations.
Although not one of them is completed, all 17 townhomes in the Clifton Pointe development project along the Rocky River has been sold.
And with the recent announcement that “Phase Two” is set to begin “as soon as weather permits,” the timing couldn’t be better.
Earlier this year, developers behind Clifton Pointe purchased the former Irish Cottage property across the street and are planning another (similar) multi-million-dollar project.
The second project will have five units, and two of those are already in sales negotiations, said developer Andrew Brickman.
“It’s been great so far,” he said.
The first residents of Phase One are expected to move in this summer.
“Clifton Pointe along with 27 Coltman and Eleven River have all been incredibly well-received in what is still a difficult real estate market,” according to a press release issued by Abode, Modern Lifestyle Developers.
Clifton Pointe “Phase Two” would be complimentary in its “classic modernism” style and is expected to look similar to its sister project across Sloane Subway.
That $10 million project broke ground earlier this year, with residents expected to move in by summer.
“We’re thrilled with the success we’ve had with Phase One,” Brickman said.
“Clifton Point, when finished, will add $10 million of world-class real estate to Lakewood, offering an alternative to the traditional century homes that make up the historic neighborhood.”
Construction of the new project could be finished by the beginning of 2014.
“It will really anchor that whole neighborhood,” Brickman said. “It’ll help the property values and it will bring in many new families.”
Last year, Lakewood City Council granted Clifton Pointe a 10-year tax abatement, and Brickman said he would seek another tax abatement for the new project.
Kristen Bindel
9:09 am on Monday, March 4, 2013
All townhomes have been sold? Wow, that's wonderful!
Linda Rogers
10:47 am on Monday, March 4, 2013
FANTASTIC!
ian king
1:10 pm on Monday, March 4, 2013
Amazing! Great News! And lets not forget it was the same unfriendly neighbors -who are now fighting to get Historic Landmark status granted for the unimportant and frankly, unattractive Heideloff House - that not so long ago vehemently opposed Brickman's plans for the Heideloff site. What a shame for Lakewood that his vision wasn't allowed to be developed for that property. Isn't it time Lakewood woke up and realized that if Lakewood desires more citizens to move here, it has to offer housing options that are conducive to today's lifestyle? How many homes in Lakewood from the 1930s/40s/50s have been sitting on the market for over a year now - and yet, these modern looking townhomes sell out almost immediately! Not everyone wants to live in a 20th century bungalow with one bath and 4 closets. Charming yes, but just not accommodating to most families today and their active lifestyle. It is a shame Brickman was denied developing a very interesting contemporary complex on the Heideloff property. I think it would have enhanced the neighborhood quite a lot. But for Lakewood to possibly grant that house special landmark status is such an abuse of this privilege. Lets encourage more contemporary housing from developers like Brickman in Lakewood, and help the city's aging residential stock move into the 21st century! (and lets also discourage self-centered, not in my backyard, neighbors from abusing our city's historic landmark status!)
John
2:00 pm on Monday, March 4, 2013
Well said.
Steve
3:58 pm on Monday, March 4, 2013
Why do they need a 10 year tax abatement? Will they not sell on their own merit. Why not give all homeowners a 5 year tax abatement that must be used in full to update or upgrade their own property. Problem solved with aging homes, and people can still stay here. Again, this abatement only caters to the rich, not lifelong lakewood residents.
Evan Hammersmith
4:47 pm on Monday, March 4, 2013
heck, for as much as we pay, give me a 1 year abatement and I could fix up a lot on my property.
leapinlambchop
6:36 pm on Monday, March 4, 2013
That's a really good idea, I would take them up on that offer.
1
5:47 pm on Monday, March 4, 2013
Ten year abatement....wow.
I'd hate to be the guy that buys one of these units after the abatement is gone.